By Peter Roberts It is amazing what a little cold hard cash – an extra $11 billion bringing the total to $38 billion over 10 years to be exact – can do. The federal government has tried to work wonders by piling the cash into the defence budget to achieve three of what seemed like…
a2 Milk Company grows despite decline in China market The a2 Milk Company, which pioneered the use of a2 proteins in milk as a healthy alternative, has reported positive results for 1H24. Revenue was up 3.7 percent to $812.1 million and EBITDA profit up five percent to $113.2 million despite a double-digit decline in the…
The federal government has committed an extra $11.1 billion over the next decade in its announcement on the future surface combatant fleet, in response to an independent analysis finding “in excess of $25 billion in unfunded promises” and following last year’s Defence Strategic Review. There will now be six Hunter Class Frigates, down from nine,…
The federal government has announced $50 million from the Medical Research Future Fund (MRFF) to assist development and commercialisation of an Australian inventor’s total artificial heart, which uses a rotor rather than pulsation to move blood through a patient’s body. According to a statement on Tuesday from federal health minister Mark Butler, the grant to…
Prebricated building solutions business PARKD has announced that it will proceed with Stage 2 of its design and construction contract with John Hughes Automotive Group, for a multi-level car storage facility supporting a VW service centre in Victoria Park, Perth. According to a statement on Tuesday from the ASX-listed PARKD, Stage 2 services involve “supply,…
By Mohan Yellishetty, Monash University Australia’s nickel industry has been granted access to billions of dollars in federal funding as well as relief from royalty payments after a collapse in the global price of nickel that threatens thousands of jobs. On Thursday BHP wrote down the value of its West Australian nickel division Nickel West…
Seven Group Holdings (SGH) has made a $1.2 billion offer to move to full ownership of building products group Boral, adding to the Perth company’s diverse group of media and industrial companies. SGH currently holds 71.6 percent of Boral, with the offer pitched at 0.1116 SGH shares and $1.50 cash per Boral share – an…
Downstream mineral processor Alpha HPA has announced that its plans to construct Australia’s first growth facilities for synthetic sapphire used in high technology industries are advancing at Gladstone in Queensland. The company is commercialising sapphire production utilising the Austrian Ebner-Fametec sapphire growth technology utilising Alpha’s high purity alumina feedstock. Sapphire glass is ultra-pure glass used…
Hearing implant manufacturer Cochlear has reported a 20 percent jump in sales for the half year ended December, 2023 to $1.1 billion, driven by strong growth in cochlear implants and sound processor software upgrades. Cochlear implant units increase by 14 percent as the company consolidated market share gains and strong growth in developed and emerging…
