Victoria Business
AGL axes Loy Yang pay deal
AGL Energy will be better placed to invest in Loy Yang A if it can strike a “modern” workplace agreement with staff, the head of the power plant says.
National triple-A loss to cruel Victoria
VICTORIA will almost certainly lose its triple-A credit rating if Australia is stripped of its top-tier grade, a leading investment bank says.
Cards on the table
TIME to cash in some profits? Or maybe dive in a bit deeper? Share markets are expected to have another volatile year in 2017, writes Karina Barrymore.
Push to pursue global ties
VICTORIAN business leaders are failing to capture opportunities for their companies to grow overseas because they are unaware or unsure of how to approach international markets, a report has found.
Legal eagles ready to swoop
IF property is about location, location, location, then surely it’s not a stretch to extend the theme to the legal fraternity.
Virtual reality mob fully loaded
MELBOURNE technology group Zero Latency has raised $7 million in a funding round backed by investors.
Windsor Smith: Godfather of soles
WINDSOR Smith has stuck true to its shoemaking ideology for 70 years, writes Anna Byrne.
Myer on a flier
MYER chief Richard Umbers says the department store chain is proving it has a credible plan to thrive in any environment.
Rebooting Collingwood workplace is a Commons goal
WHEN school friends Cliff Ho and Tom Ye left the comfort of being employees for self employment they realised the countless things they took for granted, writes Claire Heaney.
Hazelwood closure: Waste not and want not
MAKING electricity from rubbish or enabling waste to energy is normally a non-economic process in Australia. But because of Victoria’s unique circumstances, it just might be worthwhile.
Slater & Gordon faces backlash over bonuses
HOUSEHOLD shareholders will take on directors at troubled law firm Slater and Gordon after boardroom fees surged in the same year the company posted a $1 billion loss.
‘Bathroom test’ brings out the smiles
IT IS a simple test that every beauty product developed by Melbourne-based cosmetics company The Heat Group must pass.
You can’t always get what you quant
THEY don’t call it casino banking for nothing. Analysts at investment bank Macquarie had the market aflutter yesterday after naming their top picks for the Melbourne Cup.
Spring price surge curbs housing affordability
HOUSING affordability has picked up over the past year, a report has found, although a springtime burst of price growth threatens to again stretch household budgets.
Murray Goulburn cries sorry over spilt milk
MURRAY Goulburn has apologised to farmers caught by the dairy processor’s surprise cut to its farmgate milk price, and will review its board structure and the way prices are set.
Trials of the city’s ‘samurai of suits’
LIKE many business owners, Tony Wu battled with cash flow problems.
Exit state left
VICTORIA’S oil and gas sector is being reshaped, with Santos selling the last of its assets here as it works to simplify its business and lower debt.
RBA flags housing risk as glut fears grow
A DOWNTURN in property and China’s growing debt are the two biggest risks to Australia’s financial stability, according to the Reserve Bank.
Transurban trumpets hedge against rate rises
TRANSURBAN chairman Lindsay Maxsted says the group has a “natural hedge” against any rise in interest rates given its tolls escalate in line with inflation.
Recycler awakens a sleeper issue
A VICTORIAN recycling company has ramped up calls for councils to ban mattresses going to landfill as it today launches Australia’s first fully automated mattress recycling plant.
Jeweller changes tack and nails it
WHAT started as an experiment by Anna Ross to create nail polish to match her bespoke jewellery range quickly became her core business.
Shareholders give CSL a bloody nose
BIOTECHNOLOGY heavyweight CSL has vowed to more clearly explain how it rewards top brass after copping a historic first strike over its executive pay.
Port of Melbourne’s robo-dock
THE world watches as VICT prepares to launch its automated terminal, writes John Dagge.
Rise of Melbourne’s mighty West
MELBOURNE is like no other city on the Australian continent. It is flipping. The western suburbs are being uplifted by an almighty demographic shift, says Bernard Salt.
Getting back on Target
THE former head of struggling retailer Target, Launa Inman, believes stablemate Kmart has succeeded in recent years partly by elbowing its way into Target’s traditional market, especially on price.
Supplier sizes up Kiwi rival
THE company behind Burson Auto Parts and Autobarn has lined up its first international takeover target, launching a bid to buy a New Zealand counterpart for more than $300 million.
Pyjamas flying off airport shelves
PYJAMAS and boarding passes are proving a successful mix for Melbourne-based retail heavyweight Premier Investments.
