Nine takes 9.9pc stake in Southern Cross

The site, in the Sydney north shore suburb of Willoughby, has been home to the Nine Network for 50 years.

Nine Entertainment Co is understood to have taken a 9.9 percent stake in Southern Cross Media Group after Macquarie Group kicked off a selldown of its shareholding in the national radio and regional television group.

How to be a nice FX trader

After years of scandals, record fines and shoddy behaviour, the global foreign exchange market is finally looking to clean up its act.