Adelaide-based Elders has made a $187 million scrip and cash offer for unlisted private wholesale buying group, Australian Independent Rural Retailers.
Supermarket giant Woolworths is combining its liquor and hospitality businesses ahead of a divestment next year, but insists it is not trying to distance itself from the gambling industry.
Treasury Wine Estates has raised a glass to shareholders, upping its interim dividend following a 15.1 per cent lift in first-half profit to $201.1 million.
Bendigo and Adelaide Bank shares have taken a dive after a 2.4 per cent dip in first-half profit, but the regionally focused lender hopes to benefit from the big four’s public relations disaster at the royal commission.
The Australian share market has dived to near two-year lows amid a global stock sell-off, with energy and mining stocks bleeding red and the banks also suffering in early trade.
Roger David’s 57 fashion and accessories stores will close within weeks after no buyers emerged in a four-week process to sell them as a going concern.