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Queensland, Australia · Queensland(Reuters) -Australia’s Star Entertainment has restarted efforts to sell its 50% interest in the A$3.6 billion ($2.35 billion) Brisbane resort, striking an agreement with its Hong Kong-based investors, the Australian Financial Review reported on Tuesday. The planned stake sale collapsed earlier this month after investors Far East Consortium and Chow Tai Fook Enterprises — both already seeking to exit the joint venture — declined to extend negotia…See the Story
Star Entertainment revives bid to sell 50% stake in Brisbane resort, AFR reports
Coverage: 2 sources
Australia · AustraliaThe Treasury Wine Estates Ltd (ASX: TWE) share price is in focus after FY25 net sales revenue climbed 7.2% to $2.9 billion. EBITS increased 17% to $770.3 million, with margin improving to 26.2% on stronger premium mix. What did Treasury Wine Estates report?
Net sales revenue: $2.9 billion, up 7.2% year-on-year EBITS: $770.3 million, up 17.0%; EBITS margin 26.2% NPAT: $470.6 million, up 15.5% EPS: 58.0 cents, up 10.8% Full-year dividend: 40 cent…See the Story
Treasury Wine Estates FY25 result: revenue up 7.2%, EBITS up 17%
Margaret River · Margaret RiverMargaret River has launched what it says is Australia’s first regionally focused Lightweight Glass Packaging Charter, aimed at cutting carbon emissions in the wine sector by reducing bottle weights. The initiative, led by the Margaret River Wine Association (MRWA), recognises wineries that commit to using glass bottles averaging less than 420 grams for 750ml still wine, the company said in a news release. MRWA chief executive Amanda Whiteland …See the Story
