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Lendlease’s (ASX:LLC) $1.3 billion “get out of jail” sale of its master-planned retirement villages to a joint venture between Stockland and Supalai is in trouble with the competition regulator. The ACCC has raised concerns about the deal. The sale, along with the sale earlier this week of Lendlease’s US military housing business, was intended to […]

Universal Hydrogen, a start-up focused on hydrogen-powered aviation and backed by Fortescue (ASX:FMG), has shut down after depleting nearly $150 million in investor funds. Despite the company’s achievements, including a successful test flight of a hydrogen fuel cell-powered plane last year, it struggled to secure additional funding in a tough venture capital market. The California-based

Final opinion polls have confirmed Britain’s Conservative Party government is on course for a record-breaking defeat after all but conceding defeat a day before the election (tonight, Australian time). YouGov’s final seat projection published on Wednesday (UK time) put Labour on track to win a majority of 212 seats, the largest of any party since

Oil prices held firm near their highest levels in two months, driven by indications of a major reduction in US crude inventories. Brent crude traded above $86 per barrel after a slight 0.4% decline on Tuesday, while West Texas Intermediate remained around $83. According to insiders, the American Petroleum Institute reported a substantial 9.2 million

Virgin Australia is restructuring its volume bonuses for travel agencies as part of a broader strategy to tighten costs within the airline industry. Despite the belt-tightening, sources indicate that some agencies could see an increase in their funds. The changes were initially flagged by Field Research in an industry note this week, suggesting potential impacts

Markets continued to march upwards in light trade on a shortened trading session ahead of the Independence Day holiday. Megacap Tech names dominated the tape and set the positive tone for the broader market. The S&P 500 added 0.51 per cent to close at 5,537.02, setting another record high. The Nasdaq closed up 0.88 per

Under pressure, Australian shoppers have again demonstrated their savvy by chasing discounts in May, just as they did last November. The Australian Bureau of Statistics pointed to evidence that consumers sought cheaper prices during the month, resulting in a 0.6% increase in sales from April. “Many retailers started end-of-financial year sales early, offering larger discounts

Companies discussed include: Baby Bunting Group (ASX:BBN)Origin Energy (ASX:ORG)Ventia Services Group Limited (ASX:VNT)

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses retail sales and building approvals. Australian retail sales registered an upside surprise in May, rising 0.6%mom while economists were only looking for a 0.3% rise. However, this came in the context of restrained spending from shoppers in the past few months and

Waratah Minerals (ASX:WTM) announced further high-grade gold results from its on-going drilling program at the Spur Project, Lachlan Fold Belt, New South Wales. The results from hole 7 demonstrated a significant increase in grades downdip and an association with copper. Shares are trading 40 per cent higher at 17.5 cents. AML3D (ASX:AL3) announced a approximately