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SA Business Journal: Rex hits financial turbulence | Major shopping mall for sale | Secrecy shrouds state's $50m fund
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Email Losses mount for Rex amid speculation the airline could collapse or be forced to axe its struggling 737 operations.
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30th July 2024
SA Business Journal
Rex in trading halt, losing almost $1m a week
Losses mount for Rex amid speculation the airline could collapse or be forced to axe its struggling 737 operations.
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Major Adelaide shopping centre goes up for sale
Owners are seeking big offers as investors circle another of the Adelaide’s largest malls.
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Report on $50m South Australian VC fund under wraps
The state government is sitting on a $240,000 report into the performance of South Australia’s $50m venture capital fund, and it might never be fully released.
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Carl’s Jr burger chain collapses in Australia
The flamboyant US chain has collapsed in Australia with its stores closed and placed into administration, as the consumer downturn hurts the restaurant and fast-food industry.
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‘Casual wages up three times’: The dark storm hitting businesses
There’s a growing cloud of insolvencies ripping through Australian businesses and one Adelaide cafe owner has revealed why he can’t catch a break.
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Korvest flags data centre growth potential as shares hit new high
Korvest shares are at record highs after the company turned in a solid profit result and boosted its final dividend, while the growth of data centres could provide further upside.
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Health tech start-up’s national ambition
Health technology start-up Digivate Health is expanding nationally with plans to more than double the size of its consulting team over the next 12 months.
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CBA stands out as ASX rises on sea of green
CBA hits new record high. NIB's long-time CEO Mark Fitzgibbon flags retirement amid battle with St Vincent's Health. Rex halts trade as Deloitte experts fly in. Viva interim earnin...
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Branches close as Aus Post tries to stem financial woes
Reeling from a $200m loss last financial year, Australia Post has been quietly closing multiple branches across South Australia over the past 12 months.
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Lanyon to list high-performing fund on ASX
The boutique fund manager will list its main fund on the ASX after posting five years of strong returns.
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