Companies

Building materials giant Boral has acquired the Wallan Concrete plant 45km north of Melbourne's CBD for an undisclosed sum, two months after its purchase of a Victorian sand producer.

In explaining where CBA shareholders went wrong in proving damages from the bank's omissions over an AUSTRAC probe, the Full Federal Court has given class action plaintiffs the clearest indication yet of how they might win.

A former EY partner who is in court over an alleged tax exploitation scheme has been banned for five years by the Tax Practitioner’s Board, which claims he engaged in “serious, deliberate and dishonest” misconduct. 

Apple has defeated a claim by an Australian non-practicing entity that its patents for a remote entry system were infringed by the tech company’s Touch ID and Face ID technology. 

Administrators of construction company Roberts Co Victoria, which owes $272 million to 470 creditors, are justified in treating funds as if held on trust for subcontractors on six projects in Melbourne, a judge has found.

Lendlease has told a court that documents relied on by an ex-Greenwoods and Herbert Smith Freehills partner in his case contain privileged legal advice and without prejudice communications with the Australian Tax Office.

The head company in the Roberts Co construction group has gone into administration after its NSW arm was sold off to UAE-based developer Arada earlier this month. 

Lendlease has confirmed it is joint venture talks with the British Monarch's land and property management company to develop a portfolio of projects in the UK.

Rio Tinto has signed a $430 million partnership agreement with Japan's Sumitomo Metal Mining Co. to fast track development of its copper-gold project in Western Australia's Great Sandy Desert.

Collapsed clothing brand Jeanswest has nearly $26 million in lease liabilities on stores nationwide, but buyers may bite, administrators have told the Federal Court.