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Coles and Woolworths estimate they will need to remediate underpaid workers up to $780 million, following a complex judgment in two class actions and regulatory proceedings handed down last week.
CSR says higher insulation costs during COVID-19 due to forces beyond its control
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Building materials giant CSR has hit back at a misuse of market power case brought by building insulation distributor Consolidated Energy over COVID-19 price increases, blaming the higher prices on forces beyond its control.
With $2.9B to spend, Macquarie’s real estate fund launches land lease platform
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The real estate division of investment bank Macquarie has made its foray into the land lease industry, with a plan to deliver thousands of homes on Australia’s east coast through a new platform.
Acciona tapped to build Eyre Peninsula desalination plant in SA
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Infrastructure giant Acciona has been given the nod as the construction partner for the Eyre Peninsula desalination plant in South Australia’s Port Lincoln, as states ramp up investment in climate-independent water.
Oscars pays $30M for Lendlease Barangaroo development
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Private hospitality group Oscars has paid $30 million for a Lendlease commercial and retail development in the harbour precinct of Barangaroo.
Wollemi Capital pays $19M for renewable energy company MPower
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Climate investment firm Wollemi Capital has closed the acquisition of MPower, a transaction that will pave the way for a $100 million pipeline of renewable energy projects.
Lifestyle Communities sells land at Ocean Grove site for $46.2M
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Retirement village operator Lifestyle Communities has sold a parcel of land at its Ocean Grove site in Victoria for $46.2 million.
Regeneron, Bayer lose bid to block Sandoz from launching Eylea biosimilar
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Regeneron and Bayer have lost their bid to block generic drug maker Sandoz from launching a biosimilar of their blockbuster eye drug Eylea.
Wollemi Capital resolves trade mark spat with Tesla chair’s family office
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CBA-backed venture capital firm Wollemi has reached an agreement to resolve a trade mark dispute with the family office of Tesla chairwoman Robyn Denholm.
Nuix appeals ruling putting it on the hook for $20M in legal bills
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Nuix has lodged an appeal of a ruling finding it owes $20 million before its insurers will cover its legal bills for lawsuits over its $1.8 billion float.