DFO’s Austexx is set to sell four of its nine DFO shopping malls to CFS Retail Property Trust as CFS seeks to raise $500 million in capital to complete the transaction, according to reports from people close to the matter in Bloomberg.
Direct Factory Outlet (DFO) will be split up store by store and sold off to repay almost $1 billion owed to banks after development of the DFO South Wharf outlet stalled when cash dried up.
National Australia Bank (NAB) has joined rivals Westpac and StGeorge Bank in paying employees superannuation on unpaid parental leave.
ANZ and St George Bank have emerged as the clear industry leaders in terms of business consumer’s satisfaction, a new report from the TNS Business Finance Monitor (BFM) has shown.
The Reserve Bank is likely to increase rates for the sixth time in seven months at its monthly board meeting next Tuesday analysts predict, after inflation data came in higher than expected.
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