News
Treasurer Rob Lucas says that a $50 million support package for the Whyalla steelworks promised by the former Labor government will not be handed over to Sajeev Gupta’s GFG Alliance to help bail the company out if it or its South Australian operations fall victim to a financial crisis engulfing its major lender.
Business
Retailer Myer has posted a massive lift in interim profit after an online sales surge helped offset a fall in store shopping due to pandemic restrictions, helped along by $51 million in JobKeeper payments.
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The Adelaide group behind the manufacture of the Brabham BT62 supercar is positioning itself to become a major producer of electric buses for the emerging Australian market.
In this week’s briefcase we report healthy oyster profits for Angel Seafood, nosediving revenues for Adelaide aerial mapper Aerometrex and the return of a re-imagined King’s Head Hotel.
A lack of reliance on exports to China, a booming UK retail market and the “outstanding success” of its new alcohol-free wine range is paying dividends for listed wine company Australian Vintage Limited.
Transport and tourism operator SeaLink Travel Group has announced a $32 million profit for the first half of the financial year, driven by its newly-acquired Australian and international bus business.
