Dec 04, 2016 Last Updated 11:36 AM, Nov 28, 2016

New Entry From the Editor :

Steinhoff’s $361 million Fantastic takeover bid approved

Steinhoff’s $361 million Fanta…

AusBN - Australia’s Foreign Investment Review Board has approved Stei...

Programmed back to profits for 2017

Programmed back to profits for…

AusBN - Programmed, the labour hire and building management company, return...

Business innovation pumps $69 billion into Australian economy

Business innovation pumps $69 …

AusBN - Innovation in business has injected almost AUS$70 billion into the ...

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Steinhoff’s $361 million Fantastic takeover bid approved

Australian dollarAusBN - Australia’s Foreign Investment Review Board has approved Steinhoff Asia Pacific’s AUS$361 million takeover of furniture retailer Fantastic.

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Programmed back to profits for 2017

Aus currency and graphAusBN - Programmed, the labour hire and building management company, returned to profits for the first six months of the 2017 financial year.

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Business innovation pumps $69 billion into Australian economy

world techAusBN - Innovation in business has injected almost AUS$70 billion into the Australian economy but there is still room for more, according to the latest research.

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Ruralco expands business through double acquisition

Australia farming AusBNAusBN - Diversified agribusiness company Ruralco is to invest in two companies to expand its insurance and retail operations following a 69% fall in full-year profits.

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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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