Infoblaze Australia

Accolade's proposed acquisition of #PernodRicard’s #BrandCo wine business not opposed The ACCC will not oppose the proposed acquisition of Pernod Ricard Winemakers by Australian Wine HoldCo Limited, through its subsidiary Accolade. Accolade’s acquisition relates to Pernod Ricard Winemakers’ BrandCo division, which owns and manages a portfolio of Australian, New Zealand and Spanish wines including Campo Viejo, St Hugo, Church Road, Stoneleigh, and Jacob’s Creek. Accolade owns wine brands including Berri Estates, Grant Burge, Petaluma, Hardys and St Hallett..... https://bit.ly/40pfFyH #AccoladeWines #Australia #Business #Wines Via accc.gov.au

‘We have turned a corner’: #Qantas boss says airline is winning back the hearts of customers Qantas chief executive Vanessa Hudson has told investors at its annual meeting in Hobart that the embattled airline is succeeding in its campaign to win back the hearts of customers as the airline assured travellers that a strike by hundreds of its engineers would not disrupt services. “I acknowledge we do not always get it right” Hudson said in her address to shareholders. “But the feedback from customers and what we hear when travelling suggests we have turned the corner.”... https://bit.ly/3YEIC8J #Australia #Aviation Colin Kruger Via www.smh.com.au

#Qube’s proposed acquisition of #MIRRAT raises preliminary concerns The ACCC has published a Statement of Issues outlining preliminary competition concerns with Qube Holdings Limited’s (ASX:QUB) proposed acquisition of Melbourne International RoRo & Auto Terminal Pty Ltd (MIRRAT). The ACCC is also seeking views on a court-enforceable undertaking offered by Qube, which it has put forward to remedy competition concerns. MIRRAT operates the automotive/Roll-on Roll-off terminal at Webb Dock West in Melbourne. The proposed acquisition would permit Qube to acquire sole operating rights for roll-on roll-off trade through the Port of Melbourne..... https://bit.ly/4e1RSYR #Australia #Business #RoRo Via accc.govt.au

Ex CEO of crypto exchange #MineDigital charged with fraud On 21 October 2024, the ex-CEO of ACCE Australia Pty Ltd (ACCE), Grant Colthup, appeared in the Magistrates Court at Ipswich charged with one count of fraud contrary to section 408C of the Criminal Code 1899 (QLD) following an ASIC investigation in connection with a $2.2 million cryptocurrency transaction in July 2022.Between May 2019 and September 2022 ACCE operated a digital asset exchange platform and offered cryptocurrency trading services to customers under the name ‘Mine Digital’...... https://bit.ly/4eJnEel #Australia #Business #Crypto #Fraud Via asic.gov.au

Risk and security report a ‘wake-up call for CFOs and executives’: #McGrathNicol Australian leaders are vulnerable to global security issues a McGrathNicol risk and security report has found. Nine out of 10 Australian business leaders believe risk and security issues are going to get worse in 2025, with cyber security ranked as a top concern. Yet many organisations are unprepared, leaving them exposed and vulnerable. McGrathNicol Advisory has released a report detailing perceptions and attitudes of Australian business leaders towards various risks. In partnership with YouGov, the advisory firm surveyed over 300 C-Suite executives and Board-level directors from Australian businesses with a workforce of 50 or more employees. The report found that while Risk and Security Report awareness is growing, many businesses are not ready for future geopolitical, insider, cyber, supply chain, regulatory, and financial threats.... https://bit.ly/4ha3Cv6 McGrathNicol Women on Boards #Australia #Business

#Westpac and #StGeorge customers report third day of difficulties accessing internet banking Customers with Westpac and St George have experienced difficulties accessing their internet banking for the third day in a row. Westpac restored services on the same day the outages were reported on Monday and Tuesday this week, but did not elaborate on what caused the issues..... https://bit.ly/4hcE54D #Australia #Banking Kate Ainsworth | Stephanie Chalmers Via www.abc.net.au

Australia’s biggest oil refinery is struggling as profit sinks Petrol station owner Ampol is headed for a $100 million profit hit after the margin it earns for processing crude oil into road fuels collapsed by a worse-than-feared 83 per cent.The Lytton refinery in Brisbane – one of just two oil refineries left in Australia and the nation’s largest – has been struggling from a sharp deterioration in global refining margins,.... https://bit.ly/3BXPWTG #Australia #Business #OilGas Nick Toscano Via www.smh.com.au

Australia still a contender in #GreenHydrogen race, says #BP Global energy giant BP is pushing on with three ambitious renewable hydrogen projects in Australia and says it remains optimistic about the fuel’s future demand even as high costs and a lack of customers are forcing others to cancel local production plans...... https://bit.ly/4dJOOjY #Australia #Energy Nick Toscano Via www.smh.com.au

Australia lays groundwork to protect international waters trawled by NZ Conservation measures in the high seas have become a point of contention between Australia and New Zealand in the past year The Australian Government has taken the first steps towards creating a marine conservation park in international waters currently bottom trawled by New Zealand...... https://bit.ly/4f2rFKI #NewZealand #Australia #Maritime Andrew Bevin Via newsroom.co.nz

ACCC welcomes introduction of merger reform bill, prepares for implementation The ACCC today welcomed the introduction of the Treasury Laws Amendment (Mergers and Acquisitions Reform) Bill 2024 into the Australian Parliament, which if passed through the Parliament will provide the ACCC with fit for purpose tools targeted at identifying and preventing anti-competitive mergers. “This marks a significant milestone in the process of reforming Australia’s merger laws,” ACCC Chair Gina Cass-Gottlieb said. If passed by the Parliament, the new legislation will represent a major change for the ACCC, business and the Australian community. In anticipation of the new legislation coming into effect, the ACCC has today issued a statement of goals to outline its approach to implementing the new regime and to reduce uncertainty during the transition..... https://bit.ly/3NooG3p “This marks a significant milestone in the process of reforming Australia’s merger laws,” Gina Cass-Gottlieb ACCC #Australia #Business #Merger #Competition