Deals dominated the week as Green Cross and Heartland surged.
Sale to US-based Blackfriars Corporation subsidiary for $186m comes with further impairments, write-offs and costs of about $120m.
The price tag for Kinetic – which operates in Australasia, the UK, Europe, and Asia – is believed to be about A$4b.
The deep tech venture capital firm has had A$300,000 in financial support from Victoria’s startup agency, LaunchVic.
Full-year results show real estate revenues are strong, Pay TV has plateaued, while the company is putting its faith in a deal with OpenAI.
The fruit grower and exporter shows 7% increase in half-year revenue to $820m.
Power generator warns of $35m hit to profits, half caused by bad debt from customer and half from forced power purchases at ‘extremely elevated’ prices.
The listed insurer now expects underlying profit after tax to be above $45 million in year ended September 30.
After falling in tandem with global markets earlier in the week, the ASX was in positive territory today.
Electricity generator cites customer bad debt and ‘adverse market conditions’ for revised guidance.
