Good evening,Bank of Queensland has just joined the likes of Coles, Woolworths and Qantas – but not for the greatest o
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Good evening,
Bank of Queensland has just joined the likes of Coles, Woolworths and Qantas – but not for the greatest of reasons.
Tonight, Street Talk can reveal BoQ has launched a payroll investigation into both the under and overpayment of some of its staff, dating back as far as 2010.
The bank has brought accountants from PwC, lawyers from Herbert Smith Freehills and a payroll analytics organisation on board to help it get to the bottom of the issues, in what's been dubbed "Project Greenmount".
Meanwhile, we take a look at beauty products retailer Adore Beauty's IPO ahead of a bookbuild on Thursday.
And finally, Morrison & Co is all set to join the list of Aussie infrastructure investment managers head over heels for telecommunications deals.
Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd. |
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ASX-listed Bank of Queensland has been incorrectly paying some staff for much of the past decade and likely faces an expensive bill to rectify the problem. |
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A quick deal's a good deal for beauty products retailer Adore Beauty and its majority shareholder Quadrant Private Equity. |
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If you believe one's an incident, two's a coincidence and three is a pattern, then there is a definite pattern brewing among infrastructure managers. |
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Candle retailer Dusk has put a $70 million initial public offering to potential investors. |
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