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Showing 51 - 60 of 826 results for "Virgin"

Bain Capital begins restructure reckoning

ALLY SELBY  |  WEDNESDAY, 5 AUG 2020
Virgin will cut 3000 jobs, discontinue budget airline Tigerair, suspend long-haul international flights and simplify its fleet, as Bain Capital begins to restructure its new aviation group. The restructure reckoning focuses on six key areas; overhauling ...

Watchdog warns of celebrity-endorsed bitcoin scams

ALLY SELBY  |  THURSDAY, 30 JUL 2020
ASIC has uncovered several cryptocurrency scams using Australian celebrities, prominent news sites, and government agencies to reel in investors. Endorsements from celebrities and business figures such as Waleed Aly, Mike Baird, Celeste Barber, Andrew ...

Australian Ethical adds to executive team

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
... chief marketing officer at SocietyOne, chief marketing officer at OFX (formerly OzForex) and lead marketing roles with Virgin, AMP and Optus. In her new role Loyez will be responsible for delivering a compelling member experience and enhancing a customer-first ...

Chief economist update: Stop right now, thank you very much

BENJAMIN ONG  |  FRIDAY, 17 JUL 2020
"The Australian economy is fighting back." Prime Minister Scott Morrison's declaration referring to the bounce back in the Australian labour market wouldn't have rung hollow had it not been for the second wave in Victoria - the country's ...

Administrators appointed to IPO Wealth

ELIZABETH MCARTHUR  |  TUESDAY, 23 JUN 2020
... thanked those offering support. He offered a special thank you to the person who suggested Mayfair 101 might make a bid for Virgin Australia and headquarter the airline on Dunk Island. "Great idea," Mawhinney said. "Every allegation made against us and ...

Chief economist update: Equity market disconnect

BENJAMIN ONG  |  WEDNESDAY, 10 JUN 2020
"Crocodile came up, bit my guts out and bit me into parts... pieces and then my legs went that way and then my head went that way" -- HBA Insurance Australian TV ad The TV ad might as well be describing the current state of play - equity markets heading ...

Opportunity for the brave: High yield credit

ALLY SELBY  |  FRIDAY, 8 MAY 2020
... one defaults it can wipe out all of your returns, and then some," Mitchell said. For example, those that invested in the Virgin bonds late last year have defaulted, and now may only return 30c on the dollar, he said. "So if an investor held 10 equally-weighted ...

Early release applications top $9bn

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... million as at end of day Tuesday, May 5. With airline workers stood down in droves, Sunsuper, as the default super fund for Virgin Australia, has paid out at least $784 million to 108,000 members as at last Friday. "With 1.4 million members and a relatively ...

Financial services boards overpaid: Research

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... Sonic Healthcare," Connolly said. "In contrast, the top 10 highest remuneration-to-market-cap ratio boards in Australia are Virgin Money UK, AMP, Resmed, Bank of Queensland, Link Group, Star Entertainment Group, Soul Pattinson, Worley Parsons, James ...

Oil tanks

BENJAMIN ONG  |  TUESDAY, 21 APR 2020
... costs but zero operating costs plus zero customers even at zero interest rates for working capital equals zilch. Just ask Virgin Airlines.