Australian Broadcasting Corporation
which owns the two iconic retail brands, went into administration in late August owing more than $40 million to creditors. The receivers, Ferrier Hodgson, say they have been trying to find buyers for the business, but those efforts have failed.
Sydney Morning Herald
Shares in the property developer are down 3.4% after it warned that profits may slump 10 per cent this year, as it contends with the "worst new housing market" in more than 20 years. "I said in August that without a significant improvement in the...