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SA Business Journal: Rex hits financial turbulence | Major shopping mall for sale | Secrecy shrouds state's $50m fund

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7 months ago

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Email Losses mount for Rex amid speculation the airline could collapse or be forced to axe its struggling 737 operations.

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SA Business Journal

Rex in trading halt, losing almost $1m a week

Losses mount for Rex amid speculation the airline could collapse or be forced to axe its struggling 737 operations.

Major Adelaide shopping centre goes up for sale

Owners are seeking big offers as investors circle another of the Adelaide’s largest malls.

Report on $50m South Australian VC fund under wraps

The state government is sitting on a $240,000 report into the performance of South Australia’s $50m venture capital fund, and it might never be fully released.

Carl’s Jr burger chain collapses in Australia

The flamboyant US chain has collapsed in Australia with its stores closed and placed into administration, as the consumer downturn hurts the restaurant and fast-food industry.

‘Casual wages up three times’: The dark storm hitting businesses

There’s a growing cloud of insolvencies ripping through Australian businesses and one Adelaide cafe owner has revealed why he can’t catch a break.

Korvest flags data centre growth potential as shares hit new high

Korvest shares are at record highs after the company turned in a solid profit result and boosted its final dividend, while the growth of data centres could provide further upside.

Health tech start-up’s national ambition

Health technology start-up Digivate Health is expanding nationally with plans to more than double the size of its consulting team over the next 12 months.

CBA stands out as ASX rises on sea of green

CBA hits new record high. NIB's long-time CEO Mark Fitzgibbon flags retirement amid battle with St Vincent's Health. Rex halts trade as Deloitte experts fly in. Viva interim earnin...

Branches close as Aus Post tries to stem financial woes

Reeling from a $200m loss last financial year, Australia Post has been quietly closing multiple branches across South Australia over the past 12 months.

Lanyon to list high-performing fund on ASX

The boutique fund manager will list its main fund on the ASX after posting five years of strong returns.

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