Jan 20, 2017 Last Updated 4:03 PM, Jan 20, 2017

New Entry From the Editor :

Bega Cheese agrees $460 million purchase of Vegemite

Bega Cheese agrees $460 millio…

AusBN - Renowned food spread brand Vegemite has been bought by Australian-o...

Energy firm Santos posts record annual sales

Energy firm Santos posts recor…

AusBN - Australian-owned energy company Santos (ASX: STO) has posted record...

Melbourne tram network to run entirely from renewable energy by 2018

Melbourne tram network to run …

AusBN - The city of Melbourne’s entire tram network will run off the ...

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Bega Cheese agrees $460 million purchase of Vegemite

grocery storeAusBNAusBN - Renowned food spread brand Vegemite has been bought by Australian-owned company Bega Cheese, in a AUS$460 million deal.

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Energy firm Santos posts record annual sales

natgas tanksAusBNAusBN - Australian-owned energy company Santos (ASX: STO) has posted record annual production and sales figures for 2016.

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Melbourne tram network to run entirely from renewable energy by 2018

solar farmAusBNAusBN - The city of Melbourne’s entire tram network will run off the power created by a new solar energy plant in regional Victoria, by the end of 2018.

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Fortescue Metals appoints new chief financial officer

ironoreAusBNAusBN - Fortescue Metals Group Limited (ASX: FMG) has appointed Elizabeth Gaines as its new chief financial officer. 

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Westfield to list in UK or US

AusBN – Westfield Corporation (ASX: WDC) has announced plans to list in the US or UK early next year.

The move follows the company’s controversial A$70 billion spilt of its international and domestic units last year.

Following the spilt Westfield holds around 40 malls in the US and UK while the spin-off company Scentre Group holds Australasian assets.

The company has also hinted at moving its Sydney head offices overseas and the new location will depend on where it decides to list.

Chairman Frank Lowy said: “We have made it clear at the time of the restructure that we are intending to get listing elsewhere and the details have not been fully worked out, it’s a very complex issue.

“There will be no solution, until there is listing, as to where head office and administration will be.”

@AusBNOnline

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