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  • Programmed lifts H1 profit | Business Spectator
    The Nokia 1520 sports a number of key upgrades that bring it the Window s phone platform to parity with its Android competition But does this phablet do enough to sway attention from its rivals Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Is the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Brussels as politicians feel the pressure from the continent s ongoing economic crisis The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Programmed lifts H1 profit 27 Nov 2013 9 08 AM Industries Professional Services Group says lower resources earnings offset by property workforce divisions You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter Programmed Maintenance Ltd posted a slight lift in first half profit as lower earnings from its resources division was offset by improvements in the property and infrastructure and workforce divisions In the six months to September 30 Programmed posted a net profit of 12 412 million a 0 7 per cent increase on the 12 330 million in the previous corresponding half In the same period revenue was 723 587 million a 4 5 per cent decrease on 757 717 in the previous corresponding period The group s net debt at September 30 was 40 1 million considerably lower than 95 9 million at September 30 2012 The group will pay an interim dividend of six cents fully franked The dividend will be paid on January 23 to shareholders on the register at January 9 Print this page Related articles 06 Jan ACCC clarifies Sims comments on asset sales 06 Jan Buckley to quit as Cardno CEO 06 Jan Services sector contracts in December 19

    Original URL path: http://www.businessspectator.com.au/news/2013/11/27/professional-services/programmed-lifts-h1-profit (2014-01-13)
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  • Transfield chief eyes costs | Business Spectator
    But does this phablet do enough to sway attention from its rivals Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Is the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Brussels as politicians feel the pressure from the continent s ongoing economic crisis The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Transfield chief eyes costs 27 Nov 2013 8 10 AM Industries Construction and Engineering Professional Services Smith Gander looks to move group beyond reputation for writedowns poor profits You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password A month after replacing Tony Shepherd as chairman of Transfield Services Ltd Diane Smith Gander says she will be a hands on leader as the group looks to move away from its recent reputation for writedowns and poor profits The Australian Financial Review reports Clearly we ve been very disappointed with Transfield s performance in recent times we re under no misapprehension we want to change that she told the newspaper Graeme Hunt and the management team have a very strong turnaround and transformation agenda and I want the early part of my chairmanship to be marked with that being seen as very successful The AFR reports Ms Smith Gander says Transfield needs to focus on running its core businesses despite Mr Shepherd saying last year the group was open to takeover bids The most important thing for Graeme and the management team is to do what they ve said they re going to do the costs side of the business needs to go down and stay down We re not sitting around waiting for somebody to knock on the door she said Print this page Related

    Original URL path: http://www.businessspectator.com.au/news/2013/11/27/construction-and-engineering/transfield-chief-eyes-costs (2014-01-13)
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  • Mac to offload Regis stake | Business Spectator
    in Brussels as politicians feel the pressure from the continent s ongoing economic crisis The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Mac to offload Regis stake Bridget Carter The Australian 22 Nov 2013 7 13 AM DataRoom Industries Financial Services Professional Services Group selling 44 stake in aged care provider back to founders You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By Bridget Carter The Australian Investment bank Macquarie Group is selling the 44 per cent stake it owns in the 550 million Australian aged care provider Regis back to its founders The investment bank has been moving to exit the business for several months with private equity firms such as KKR and large Canadian pension funds such as Alberta Investment Management believed to be among the suitors However The Australian understands that the stake has returned to Ian Roberts and Bryan Dorman the pair who founded the business Mr Dorman a qualified accountant was chief executive of Regis between 2000 and 2008 growing the business to one with 4500 beds nationally At Regis Mr Roberts headed the company s property division Mr Dorman and Mr Roberts also co founded the property aged care and retirement company Salerno Group in 2006 A spokesperson from Regis could not be reached last night while Macquarie Group was unable to comment The aged care provider has 48 nursing homes across Australia according to its website with 4700 beds Macquarie Group s 44 per cent share has been up for sale through investment bank Greenhill The entire business including debt is believed to be worth about 550 million while Macquarie could reap about 150 million for its equity stake Reports suggest Mr Roberts and Mr Dorman own the remaining share of the business with the latest deal seeing the pair securing total control The sector is becoming popular with private equity groups who are attracted by the prospect that regulation around restrictions on accommodation bonds which allow the owners to secure upfront funding from residents will be relaxed

    Original URL path: http://www.businessspectator.com.au/news/2013/11/22/dataroom/mac-offload-regis-stake (2014-01-13)
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  • Bridget Carter- The Australian | Business Spectator
    is potentially more fallout to come from QBE s ill fated expansion into the US Given its history of disappointment a clean set of financial numbers is needed to restore confidence Politics Australian Election Federal Budget International News Asia Europe USA National Affairs Latest stories Gagging visas are an attack on democracy The skyrocketing price of a journalist visa for Nauru will limit coverage of Australian prisoners on a vassal state It is an insult to the democratic principles this country stands for Britain will be poorer for Scotland the brave The economic case for Scottish independence is far from settled with doubts hanging over volatile oil prices and uncertainty over future revenues One thing is certain it would be a disaster for Britain Technology NBN Buzz Mobility BYOD Smart Devices Emerging Tech Applications Big Data Cloud Computing Data Management Reviews Social Media Start ups Security Data Security Identity Management Wireless Security Telecommunication Latest stories REVIEW Nokia Lumia 1520 The Nokia 1520 sports a number of key upgrades that bring it the Window s phone platform to parity with its Android competition But does this phablet do enough to sway attention from its rivals Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Is the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Brussels as politicians feel the pressure from the continent s ongoing economic crisis The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Bridget Carter The Australian Mac to offload Regis stake Group selling 44 stake in aged care provider back to founders by Bridget Carter The Australian 7 13am November 22 Search Markets Global Indices Index Last Chg Chg DOW JONES 16437 05 7 7 S P 500 1842 37 4 2 0 2 NASDAQ 4174 66 18 5 0 4 FTSE 100 6739 94 48 6 0 7 NIKKEI 15912 06 31 7 0 2 Hang Seng 22846 25 58 9 0 3 The Spectators What s behind China s debt spiral Peter Cai 6 min ago China s unbalanced fiscal policy

    Original URL path: http://www.businessspectator.com.au/contributor/bridget-carter-australian-3 (2014-01-13)
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  • Law firm equity partners get the tap | Business Spectator
    no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Law firm equity partners get the tap Amanda Saunders 15 Nov 2013 7 33 AM DataRoom Industries Professional Services Legal recruiters say long standing underperformers have been nudged aside in recent months particularly in M A with major firms shedding up to a fifth of equity partners You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Long standing equity partners at the country s major law firms are increasingly being tapped on the shoulder this year as partnerships move to euphemistically manage the equity to counter shrinking revenues Legal recruiters say that giving underperforming partners the quiet nudge has ramped up in the past three months particularly in M A and the bar on making budget has been set higher Equity partners are being tapped or being made fixed draw or salaried partners In one high ranking firm alone this year about a fifth or 30 of its equity partners were asked to leave or demoted for underperformance But some partners are kicking up a fuss contrary to the standard practice of agreeing to go quietly Some were asking for another year or to have their number of equity units reduced but they could find themselves ostracised Malhab Recruitment managing director Katherine Sampson says partners are only as good as their last year of billings Those over 50 years of age are the main group being targeted she says Money is tighter and you are seeing a rationalisation of equity Sampson said Partners are fearful the money they are used to earning will start to go down and that s when the claws come out It is understood to be happening at all the major firms pressured by a movement across the corporate sector to beef up their in house offerings In some partnerships 20 per cent of equity partners will be asked to leave before the financial year is out partners at top tier firms say The approach with long standing partners has been to pull on the heartstrings a bit and say you ve given

    Original URL path: http://www.businessspectator.com.au/article/2013/11/15/dataroom/law-firm-equity-partners-get-tap (2014-01-13)
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  • King's lawyers want Fairfax probe | Business Spectator
    Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu King s lawyers want Fairfax probe 12 Nov 2013 3 11 AM 1 Industries Construction and Engineering Media and Digital Professional Services Lawyers want to know how publisher gained possession of secret Leighton documents You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Wal King s lawyers want Fairfax Media to reveal how journalists gained possession of confidential documents forming part of an federal probe into Leighton Holdings and internal company documents relating to the former chief executive s personal expenses according to The Australian The newspaper reports that Atanaskovic Hartnell wrote to Fairfax to raise the prospect of a state or federal police investigation into how journalists obtained the documents claiming federal whistleblower protections did not apply to information that had been leaked by the AFP Fairfax has not acknowledged that confidential reports relating to the ongoing police investigation into alleged corruption at Leighton had come from the AFP Mr King launched defamation action against the publisher accusing the group of attempted coercion or extortion after it allegedly threatened to post details of his personal credit card on the internet Print this page Related articles 10 Jan New home sales lift in November 09 Jan Building approvals fall in November 08 Jan Fair Work Commission warns unions 08 Jan Residential construction lifts in December 07 Jan Boart Longyear appoints new CFO More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy Mark Clarkson Tue 2013 11 12 07 45 For many decades those concerned with the lack of human rights in Australia and the systemic police legal and judicial corruption have protested whilst the Wal King s of big business applauded the creeping erosion of civil standards and the imposition of do as you are told or else totalitarian policies vesting increasingly absolute powers into the hands of the executive and their functionaries Even what standards notionally remain have been regularly ignored because of the demand that the end justifies the means or as the Roman Catholic Justice Heydon would have it the accident of evil means should never disrupt the fulfillment of a just end There are

    Original URL path: http://www.businessspectator.com.au/news/2013/11/12/construction-and-engineering/kings-lawyers-want-fairfax-probe (2014-01-13)
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  • Slater & Gordon eyes UK firm | Business Spectator
    Security Identity Management Wireless Security Telecommunication Latest stories REVIEW Nokia Lumia 1520 The Nokia 1520 sports a number of key upgrades that bring it the Window s phone platform to parity with its Android competition But does this phablet do enough to sway attention from its rivals Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Is the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Brussels as politicians feel the pressure from the continent s ongoing economic crisis The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Slater amp Gordon eyes UK firm 11 Nov 2013 1 39 PM Industries Professional Services Legal firm confirms talks with Pannone LLP after UK media reports You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter Slater Gordon Ltd has confirmed it is in talks with United Kingdom legal services firm Pannone LLP with a view to agreeing to a potential transaction In a statement to the Australian Securities Exchange Slater Gordon said it disclosed the nature of the talks in response to speculation in the UK but said no no material developments had yet transpired We anticipate that discussions with a number of firms including Pannone LLP will continue over the next several weeks the group said The news comes as no surprise with the firm previously communicating its strategy of actively pursuing expansion opportunities in the UK consumer legal services market Print this page Related articles 06 Jan ACCC clarifies Sims comments on asset sales 06 Jan Buckley to quit as Cardno CEO 06 Jan Services sector contracts in December 19 Dec Cover More shares plunge 18 in early trade 13 Dec Transfield wins

    Original URL path: http://www.businessspectator.com.au/news/2013/11/11/professional-services/slater-gordon-eyes-uk-firm (2014-01-13)
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  • Geminder eyes Pact transformation | Business Spectator
    includes independent non executive directors Peter Margin Lyndsey Cattermole and Tony Hodgson will make a decision within a fortnight whether to proceed with a float which will value the packaging business at about 2 billion Mr Geminder Pact Group s chairman is believed to want to retain a stake of up to 40 per cent to allow him to continue to have a substantial say in the business while enabling a sufficient free float to provide a liquid market in the shares The board is expected to add one additional non executive director to the new public company if the float proceeds Mr Geminder the son in law of the late packaging magnate Richard Pratt appointed Credit Suisse and Macquarie Capital a month ago to restart plans for public offering after the process was abandoned three years ago because of volatile equity markets If it proceeds the float will give Pact the opportunity to raise external capital to help meet its longer term goal of becoming a 5 billion enterprise a vision outlined to staff last year as Pact s so called 5 cubed strategy 5 cubed will see the company in the short term look to expand its Asian operations which currently include plants in China and Thailand This could include ventures with current international partners such as multinational Unilever Pact also has longer term aspirations to move into Europe and the US but only at the right price But it is believed a portion of the proceeds of the float will also be used to immediately pay down debt after the group raised almost 1bn in June in the US Term Loan B TLB market Pact raised US885 million 931 million in senior debt and a further 75 million and NZ30 million 26 million in separate revolving facilities The offer was more than three times oversubscribed The extensive documentation undertaken for that raising is understood to have helped Pact push ahead with the work on a public listing It comes as rival Amcor moves ahead with plans to demerge its Australasian packaging arm Amcor Australasia Packaging Distribution or AAPD before the end of the year It also comes as another member of the Pratt family Alex Waislitz prepares to manage public money for the first time through a listed vehicle Thorney Opportunities Mr Waislitz recently raised 56 million through a placement to sophisticated or professional investors for a new activist fund A number of other privately owned businesses and those held by private equity owners are looking at IPOs before the end of the year to take advantage of favourable equity markets However none are family businesses like Pact Pact s current sole shareholder is Pact Group Holdings which in turn is owned by Mr Geminder s Geminder Holdings Mr Geminder s wife Fiona also has a one third stake in the Pratt family s Visy Group packaging empire Neither Mr Geminder nor a spokesperson for Pact would comment yesterday when asked about the float plans Pact which

    Original URL path: http://www.businessspectator.com.au/news/2013/10/31/dataroom/geminder-eyes-pact-transformation (2014-01-13)
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