Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Lewis J"


25 mentions found


REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSYDNEY, Nov 23 (Reuters) - A Brookfield-led consortium's A$16.3 billion ($10.61 billion) bid for Origin Energy (ORG.AX) is expected to fail after the largest shareholder in Australia's biggest energy retailer said it would vote against the offer at an investor meeting on Thursday. The energy company's shares closed on Wednesday at A$8.42, up 1.69%, but well below the offer price of A$9.43 per share. If everyone thought it was going ahead the share price would be higher," he told Reuters. Brookfield and Origin Energy declined to comment on Thursday's vote. Origin shares remain 2.1% lower than last week's close and have traded well below the offer price since the new bid arrived, suggesting investors were pessimistic of its success.
Persons: Dado Ruvic, EIG, Jamie Hannah, I'm, Macquarie, Ian Myles, Scott Murdoch, Lewis Jackson, Miral Organizations: Brookfield, REUTERS, Rights, Origin Energy, Newmont Corp, Newcrest Mining, Brookfield Corp, Energy, VanEck, Reuters, Thomson Locations: Brookfield, Sydney
The A$300 billion ($195.24 billion) pension fund was against the original offer, which it also said substantially undervalued the company's ability to profit from Australia's shift to renewable energy. Under the new terms offered by Brookfield, the A$9.43 per share bid remains but some investors can stay invested in the energy markets business that would be owned by Brookfield. Brookfield's consortium partner EIG Partners would take on Origin's integrated gas business which includes the 27.5% stake in Australia Pacific LNG (APLNG). If that bid fails to achieve 75% shareholder support, an alternative proposal has been lodged that would see Origin sell the energy markets business to Brookfield for A$12.3 billion. DONE TALKINGFollowing the announcement of the revised offer, EIG CEO Blair Thomas told Reuters that he was done talking to AustralianSuper.
Persons: Dado Ruvic, Australia's, EIG, Scott Perkins, Blair Thomas, Allan Gray, Simon Mawhinney, Mawhinney, Chris Bowen, Scott Murdoch, Lewis Jackson, Praveen Menon, Lincoln, Sonali Paul, Jamie Freed Organizations: Brookfield, REUTERS, SYDNEY, Brookfield ., EIG Partners, Australia Pacific LNG, Reuters, Brookfield consortium's, Energy, Thomson Locations: Brookfield, Sydney, Australia
Parent Singapore Telecommunications (STEL.SI) announced the resignation of Optus CEO Kelly Bayer Rosmarin days after a network-wide outage left nearly half of Australia's 26 million people without phone or internet for 12 hours. Appointed in April 2020, Rosmarin headed Optus through two national scandals that have tarnished the reputation of the telco giant. A massive data hack last year exposed the personal data of 10 million Australians and triggered a class action lawsuit and multiple investigations from regulators. Optus executives told the parliamentary hearing on Friday the telco provider had not foreseen a network-wide outage and so had no backup plan in place. (This story has been corrected to change date of Optus network outage to earlier this month, not last week, in paragraph 7)Reporting by Himanshi Akhand in Bengaluru, and Lewis Jackson and Byron Kaye in Sydney; Editing by Lisa Shumaker and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: Kelly Bayer, Michael Venter, Singtel, Rosmarin, , telco, Yuen Kuan, Peter Kaliaropoulos, Himanshi, Lewis Jackson, Byron Kaye, Lisa Shumaker, Stephen Coates Organizations: telco Optus, Parent Singapore Telecommunications, Optus, Triple, Thomson Locations: Optus, Bengaluru, Sydney
The city skyline is reflected in a puddle at sunrise following rainy weather in Sydney, Australia, August 28, 2022. REUTERS/Loren Elliott Acquire Licensing RightsSYDNEY, Nov 15 (Reuters) - Australia will on Thursday introduce two previously announced tax bills that will raise petroleum tax revenue and legislate the government's response to a national scandal over confidential tax plans leaked by a PwC Australia partner. The change is one of 11 recommendations from a Treasury review, eight of which the government adopted in August. The centre-left Labor government will also on Thursday introduce legislation prepared in response to revelations a former PwC Australia partner leaked confidential government tax plans then used it to drum up work with multinational companies. Chalmers in August announced a two-year Treasury review into the rules governing large consulting and auditing firms.
Persons: Loren Elliott, Jim Chalmers, Chalmers, Lewis Jackson, Miral Organizations: REUTERS, Rights, Petroleum, Rent, Labor, Thomson Locations: Sydney, Australia
Eight Nevada high school students were arrested on murder charges this week in the death of a 17-year-old boy who was beaten unconscious during an after-school brawl this month, the Las Vegas Metropolitan Police Department said. The boy who was beaten, Jonathan Lewis Jr., a student at Rancho High School, died of his injuries days after the Nov. 1 attack, the Las Vegas Police Department said at a news conference on Tuesday. The fight is believed to have started over a pair of stolen headphones, Lt. Jason Johansson of the Police Department said. The students had planned to meet that day after classes in a back alley less than 300 feet from the campus, he said. An investigation led the police to identify eight students from Rancho High School who were involved in the fight, Lieutenant Johansson said.
Persons: Jonathan Lewis Jr, Jason Johansson, Johansson Organizations: Las Vegas Metropolitan Police Department, Rancho High School, Las Vegas Police Department, Police Department Locations: Nevada
LAS VEGAS (AP) — Eight high school students in Las Vegas between the ages of 13 and 17 have been arrested on suspicion of murder in the fatal beating of a classmate, authorities announced Tuesday at a news conference. Johansson said the local FBI office assisted with the arrests Tuesday morning of the eight students. The coroner's office in Las Vegas ruled the beating a homicide. Political Cartoons View All 1247 ImagesThe fight, Johansson said, had been prearranged after the headphones and vape pen were stolen from the victim's friend. After his death, the victim's father, Jonathan Lewis Sr., said his son was attacked while standing up “for one of his smaller friends,” the Las Vegas Review-Journal reported.
Persons: Jason Johansson, Johansson, Jonathan Lewis Jr, Jonathan Lewis Sr, , Organizations: LAS VEGAS, Las, Authorities, Rancho High School, Las Vegas Locations: Las Vegas
The logo of Australian energy company Origin is pictured in Melbourne, Australia, July 3, 2016. REUTERS/Jason Reed/File Photo Acquire Licensing RightsSYDNEY, Nov 13 (Reuters) - Australian pension fund AustralianSuper said on Monday it had rejected an "eleventh hour" offer from a Brookfield-led consortium and its partner EIG to drop its opposition to their $10.5 billion bid for Origin Energy and join the takeover. AustralianSuper said it was Origin Energy's largest shareholder, but did not specify the size of its stake as it has done in previous releases. Brookfield argues its bid, which comes with the commitment of A$20 to A$30 billion worth of investment, will decarbonise Origin Energy faster than if the company remains in public hands. However, AustralianSuper said on Monday it was also open to stumping up cash to fund Origin's transition.
Persons: Jason Reed, AustralianSuper, EIG, Luke Edwards, Lewis Jackson, Alasdair Pal, Stephen Coates Organizations: REUTERS, Rights, Origin Energy, Financial, Brookfield, Renewable, Thomson Locations: Melbourne, Australia, Brookfield, Sydney
SYDNEY, Nov 13 (Reuters) - Australia's financial position will be more precarious and credit rating at risk should the government succumb to the temptation to spend the sovereign wealth fund on political projects, its outgoing chair said in a speech on Monday. The A$205 billion ($130 billion) Future Fund will come under pressure to fund state priorities as an aging population reduces taxpayers and consumes a larger chunk of spending, Chairman Peter Costello said on Monday at a UBS conference in Sydney. "As government's financial position declines, I expect we'll see more plans to spend it," he said. "Once it is spent there is nothing to offset government sovereign debt, unfunded pension and unfunded military claims. Once it is spent the pressure to raise taxes and borrow more will accelerate."
Persons: Peter Costello, Costello, telco, Lewis Jackson, Stephen Coates Organizations: SYDNEY, UBS, Labor, Liberal, Australia's AAA, telco Telstra, Thomson Locations: Sydney, China
[1/2] A man riding a motorbike is seen reflected in a puddle of water in Funafuti, Tuvalu, August 13, 2019. Under the treaty announced by Australia's Prime Minister Anthony Albanese and his Tuvalu counterpart Kausea Natano, Australia will also vet Tuvalu's security arrangements with other nations. An Australian government official said this requirement covered any defence, police, port, telecommunications, energy or cyber security arrangements by Tuvalu. Although Australia has defence agreements with other Pacific Islands nations, in a region where China recently struck a security pact with Solomon Islands and is seeking to expand its policing ties and infrastructure projects, the Tuvalu treaty goes much further in positioning Australia as its primary security partner. Australia sees deeper economic and social integration with the Pacific Islands as a way to ensure the security of the region, a government official said.
Persons: Mick Tsikasvia, Anthony Albanese, Kausea Natano, Albanese, Natano, " Albanese, Kirsty Needham, Alasdair Pal, Lewis Jackson, Kim Coghill, Christopher Cushing, Lincoln, Michael Perry Organizations: REUTERS Acquire, Rights, Australia's, Tuvalu, Pacific, Tuvalu Falepili, Australia, Canberra, Thomson Locations: Funafuti, Tuvalu, Australia, Taiwan, Beijing, Cook, China, Solomon Islands, Hawaii, Washington, Sydney
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSYDNEY, Nov 9 (Reuters) - Proxy advisor CGI Glass Lewis on Thursday recommended Origin Energy (ORG.AX) shareholders vote in favour of a $10.5 billion bid from a consortium led by Canada's Brookfield (BN.TO), despite opposition from the target's largest shareholder. Brookfield and EIG Partners last week offered a "best and final" A$9.53 per share for Origin after raising a previous bid. Australia's largest pension fund AustralianSuper opposes the offer and intends to use its 15% stake to vote against the deal at a Nov. 23 shareholder meeting. Origin Energy shares traded 1.9% higher at A$8.905 at 2 p.m. AEDT (0300 GMT) and are up 5.1% since the close of trade on Nov. 2, when AustralianSuper rejected the improved offer. Reporting by Scott Murdoch and Lewis Jackson; Editing by Leslie Adler and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Glass, Canada's Brookfield, AustralianSuper, Glass Lewis, Scott Murdoch, Lewis Jackson, Leslie Adler, Jamie Freed Organizations: Brookfield, REUTERS, Rights, Energy, EIG Partners, Services, Origin Energy, Australia Pacific LNG, Thomson Locations: Brookfield, Australia
It said it would tender for a new external auditor as part of "best practice for audit firm rotation". PwC has audited Westpac since 2002, before which PwC partners and their ancestor firms had audited the bank since 1968. However, PwC's lead Westpac audit partner assumed the role less than two years ago, in December 2021, according to a Westpac governance statement this month. A PwC Australia spokesperson said the firm understood the board's decision and was proud of its time as Westpac's auditor. Renamed Scyne Advisory, roughly 1,400 of PwC Australia's more than 9,000 staff moved over to the new firm.
Persons: Loren Elliott, PwC, Lewis Jackson, Christopher Cushing, Robert Birsel Organizations: Westpac, Central Business District of, REUTERS, Rights, Westpac Group, PricewaterhouseCoopers, PwC's, Google, Uber Technologies, Facebook, Meta, PwC, Scyne Advisory, Scyne, Thomson Locations: Central Business District of Sydney, Australia, PwC Australia
Renamed Scyne Advisory, roughly 1,400 of PwC Australia's more than 9,000 staff have moved over to the new advisory firm. It said it would tender for a new external auditor as part of "best practice for audit firm rotation". PwC has audited Westpac since 2002, before which PwC partners and their ancestor firms had audited the bank since 1968. However, PwC's lead Westpac audit partner assumed the role less than two years ago, in December 2021, according to a Westpac governance statement this month. A PwC Australia spokesperson said the firm understood the board's decision and was proud of its time as Westpac's auditor.
Persons: Lewis Jackson, PwC, Robert Birsel, Stephen Coates Organizations: REUTERS, Rights, Wednesday, Scyne Advisory, Scyne, Google, Uber Technologies, Facebook, Meta, WESTPAC, Westpac Group, Westpac, PwC's, Thomson Locations: Barangaroo, Australia
The funds available for deals are growing as investors including pension funds, sovereign wealth and insurance firms look for meaty returns hard to find in today's equity markets, especially in the beaten-down real estate sector. Australian real estate specialist Qualitas (QAL.AX), whose backers include the Abu Dhabi Investment Authority, has nearly doubled funds under management to A$8 billion ($5.07 billion) since mid-2022, with roughly half the increase since this June. U.S.-based PGIM Real Estate expects to deploy a further $1 billion in the country over the next few years, said its head of Australian real estate Steve Bulloch. Lenders are expanding into residential and commercial construction as banks slow lending or exit, a March report from the Reserve Bank of Australia (RBA) said. JUICY RETURNSInvestors can expect returns from 9% to 11% with the added security of loans pledged against real assets like condos or warehouses, often with a 30% to 40% equity buffer, said Paul Notaras, executive director at Barings Real Estate Australia.
Persons: Stella Qiu, meaty, Steve Bulloch, JUICY, Paul Notaras, Notaras, Qualitas, Andrew Schwartz, Bonds, We've, Schwartz, Lewis Jackson, Rae Wee, Jamie Freed Organizations: REUTERS, Abu, Abu Dhabi Investment Authority, Commonwealth Bank, National Australia Bank, Westpac, ANZ Group, International Monetary, Reserve Bank of Australia, Australia, prudential, Reuters Graphics Reuters, Thomson Locations: Parramatta, Sydney, SYDNEY, Australian, Abu Dhabi, Australia, Qualitas, Singapore
Nov 6 (Reuters) - EIG Partners Chief Executive Blair Thomas said on Monday he is confident a Brookfield-EIG consortium can win support for its $10.5 billion bid for Origin Energy (ORG.AX) despite opposition from the Australian electricity and gas firm's top shareholder. Pension fund AustralianSuper said on Monday it had increased its stake in Origin to 15.03% from 13.67% and the A$9.53 per share bid remained "substantially" below its estimate of long-term value. Origin will hold a shareholder meeting on Nov. 23, where it will urge investors to vote in favour of the deal. If the deal is successful, Brookfield will take ownership of Origin's energy markets business, while EIG's MidOcean Energy will gain a 27.5% stake in Australia Pacific LNG (APLNG). Thomas confirmed both Brookfield and EIG had discussed with AustralianSuper the possibility of it participating in the deal earlier this year.
Persons: Blair Thomas, AustralianSuper, Thomas, EIG, Scott Murdoch, Lewis Jackson, Archishma Iyer, Edwina Gibbs Organizations: EIG Partners, EIG, Origin Energy, Brookfield, Energy, Australia Pacific LNG, Reuters, Thomson Locations: Brookfield, Australia, Bengaluru
The Sydney-based financial conglomerate has not had a steeper first-half profit drop in more than a decade. The results capped a run of "exceptional conditions" last year in the company's commodity trading and asset management segments, buoyed by energy market volatility and ripe conditions for asset sales, respectively, Chief Financial Officer Alex Harvey told Reuters. Macquarie said the asset management division's income should rebound in the second half to about the A$940 million it reported in the same period last year. The company said fees and commissions at investment banking arm Macquarie Capital were in line with the previous comparable period. Profit fell 28% to A$430 million.
Persons: David Gray, Alex Harvey, Macquarie, Shemara Wikramanayake, Wikramanayake, Barrenjoey, Lewis Jackson, Roushni Nair, Rishav Chatterjee, Jamie Freed Organizations: Macquarie Group Ltd, REUTERS, Macquarie, Reuters, Citi, Investment, Thomson Locations: Sydney, Australia, SYDNEY, Ukraine, North America, Israel, Bengaluru
"AustralianSuper believes Origin has a highly strategic portfolio of assets to participate in, and benefit from, the energy transition," a spokesperson said. Origin shares plunged as much as 5.6% to A$8.565 in high-volume trading following the news, as AustralianSuper's 13.68% holding could scupper a deal that requires approval from 75% of the register if not all investors vote. Should the deal fail at the shareholder vote scheduled for Nov. 23, a revised agreement allows the consortium to make a subsequent off-market bid if it buys 5% or more of Origin shares. "If it gets voted down, Brookfield aren't obligated to come back with an off-market takeover offer, but they may be inclined to," he said. Should the deal close, Brookfield and its partners GIC and Temasek will own Origin's Energy Markets business, which includes power generation and retailing.
Persons: Dado Ruvic, AustralianSuper, Canada's Brookfield, Brookfield, Jamie Hannah, Simon Mawhinney, Allan Gray, Stewart Upson, Scott Murdoch, Lewis Jackson, Sameer Manekar, Jamie Freed Organizations: Brookfield, REUTERS, SYDNEY, bourse, Brookfield Asia, Energy Markets, Saudi Arabia's Aramco, Australia Pacific LNG, Thomson Locations: VanEck, Brookfield, Temasek, Saudi, Australia, Sydney, Bengaluru
SYDNEY (Reuters) - Two people have been killed and dozens of homes destroyed in bushfires raging across Australia's northern Queensland state, as firefighters travel from across the country and from New Zealand to try and contain the out-of-control blazes. Residents have been told to evacuate from two massive bushfires in the southeast portion of Queensland, even as dozens of fires continue to burn across the state where at least 45 homes have been destroyed and two people killed since last week. "These are heartbreaking scenes when people lose their houses," Albanese said from the town of Bundaberg, near one of the large fires. Firefighters from the neighbouring state of Victoria and New Zealand were on their way to help, Albanese added. More than 7,500 hectares (18,500 acres) are burning out of control in the neighbouring state of New South Wales, only 40 kms (25 miles) from one of the Queensland fires.
Persons: Anthony Albanese, " Albanese, Albanese, Firefighters, Lewis Jackson, Michael Perry Organizations: SYDNEY, Firefighters, Queensland Locations: Australia's, Queensland, New Zealand, Bundaberg, Victoria, Australia, New South Wales, Ulan, Sydney
[1/14] Oct 30, 2023; New Orleans, Louisiana, USA; Golden State Warriors forward Draymond Green (23) reacts to a foul call in the first quarter at Smoothie King Center. Mandatory Credit: Matthew Dobbins-USA TODAY Sports Acquire Licensing RightsOctober 31 - Steph Curry scored 42 points and the visiting Golden State Warriors routed the New Orleans Pelicans 130-102 on Monday night. The Warriors played without Klay Thompson (knee soreness) and Jonathan Kuminga (knee contusion) and the Pelicans played without Brandon Ingram (knee soreness). Curry made two 3-pointers and Andrew Wiggins made one as Golden State began the third quarter with a 13-4 run that produced an 11-point lead. The Warriors led by eight on three more occasions before consecutive 3-pointers by McCollum and Hawkins helped the Pelicans get within 59-57 at halftime.
Persons: Matthew Dobbins, Steph Curry, Chris Paul, Trayce Jackson, Davis, Moses Moody, Gary Payton II, CJ McCollum, Zion Williamson, Jordan Hawkins, Matt Ryan, Jonas Valanciunas, Kira Lewis Jr, Klay Thompson, Jonathan Kuminga, Brandon Ingram, Curry, Andrew Wiggins, Moody, Lewis, Paul, Williamson, Ryan, Looney, McCollum, Hawkins Organizations: Golden State Warriors, Smoothie King Center, USA, New Orleans Pelicans, Warriors, Pelicans, The Warriors, Golden State, Houston, State, Thomson Locations: New Orleans , Louisiana, USA, Smoothie, Moody . New Orleans, Golden, New Orleans
NBA roundup: Stephen Curry (42) guides Warriors past Pelicans
  + stars: | 2023-10-31 | by ( ) www.reuters.com   time to read: +7 min
Mandatory Credit: Matthew Dobbins-USA TODAY Sports/File Photo Acquire Licensing RightsOctober 31 - Stephen Curry scored 42 points and the visiting Golden State Warriors routed the New Orleans Pelicans 130-102 on Monday night. Curry made 3 of 5 shots from beyond the arc and scored 16 points in the first quarter. Murray shot 17-for-24 from the field and made his first 11 field-goal attempts of the second half. Atlanta's Trae Young added a season-high 24 points with eight assists, De'Andre Hunter scored 16 points and Clint Capela blocked five shots. Minnesota also got 16 points and 10 rebounds from Karl-Anthony Towns, plus 14 points and 13 rebounds from Rudy Gobert.
Persons: Stephen Curry, Herbert Jones, Matthew Dobbins, Chris Paul, State reserve.Trayce Jackson, Davis, Moses Moody, Gary Payton II, CJ McCollum, Zion Williamson, Jordan Hawkins, Matt Ryan, Jonas Valanciunas, Kira Lewis Jr, Curry, Dejounte Murray, Murray, Atlanta's Trae Young, De'Andre Hunter, Clint Capela, Anthony Edwards, Karl, Anthony Towns, Rudy Gobert, D'Angelo Russell, Angeles, Anthony Davis, LeBron James, Gary Harris, Franz Wagner, Jalen Suggs, Wagner, Suggs, Luka Doncic, Doncic, Derrick Jones Jr, Tim Hardaway Jr, Jaren Jackson Jr, Desmond Bane, Marcus Smart, Nikola Vucevic, Zach LaVine, Myles Turner, Tyrese, Jaylen Brown, Jayson Tatum, Kristaps Porzingis, Kyle Kuzma, Cam Thomas, Thomas, Mikal Bridges, Lonnie Walker IV, Dorian Finney, Smith, Terry Rozier, Brandon Miller, Jerami Grant, Malcolm Brogdon, Deandre Ayton, Scottie Barnes, Brogdon, Grant, Giannis Antetokounmpo, Damian Lillard, Bobby Portis, Cameron Payne, Tyler Herro, Jimmy Butler, Shai Gilgeous, Alexander, Josh Giddey, Jaden Ivey, Nikola Jokic, Jokic, Aaron Gordon, Lauri Markkanen, Walker Kessler Organizations: Golden State Warriors, New Orleans Pelicans, Smoothie King Center, USA, State, Warriors, Pelicans, Timberwolves, Atlanta, Minnesota, Hawks, Lakers, Orlando, Sacramento, Mavericks, Grizzlies, Dallas, Memphis, Bulls, Pacers, Chicago, Indiana, Celtics, Washington, Wizards, Boston, Nets, Charlotte, Brooklyn, Hornets, Trail Blazers, Raptors, Portland, Toronto, Bucks, Milwaukee, Miami's, Heat, Pistons, Oklahoma City, Denver Nuggets, Thunder, Nuggets, Jazz, Denver, Utah, Thomson Locations: New Orleans , Louisiana, USA, Smoothie, Memphis, Indianapolis, Boston, Brooklyn, Miami, Wisconsin, Minnesota, Detroit, Utah
Macurdy asked De Niro whether it was true that he sometimes urinated as he spoke with Robinson on the telephone. Sometimes, De Niro sounded like he wanted to leave the witness stand. He rejected Macurdy's suggestion that he sued Robinson before she sued him because he wanted publicity. It's the last thing I wanted to do,” De Niro said. De Niro, 80, has won two Oscars in a six-decade movie career that has featured memorable roles in films including “The Deer Hunter” and “Raging Bull."
Persons: Robert De Niro, Graham Chase Robinson, De, Andrew Macurdy, Robinson, De Niro, De Niro's, Niro, Macurdy, ” De Niro, , , , Chase Robinson, Judge Lewis J, Liman, ” “, ” Macurdy, Hunter ”, Martin Scorsese's Organizations: De, Canal Productions Locations: New York, Europe, California
NEW YORK (AP) — Robert De Niro testified Monday in New York City at a trial resulting from a former personal assistant’s lawsuit accusing the actor of being an abusive boss. Robinson, who worked for De Niro between 2008 and 2019, was paid $300,000 annually before she quit as his vice president of production and finance. But when a lawyer for Robinson asked him if he considered her a conscientious employee, he scoffed. Repeatedly, Judge Lewis J. Liman explained the rules of testimony to De Niro and that there were limits to what he could say. “Can I ask a question?” De Niro asked in one exchange with Robinson's lawyer.
Persons: — Robert De Niro, De Niro, Oscar, Hunter ”, , Graham Chase Robinson, Robinson, , Robinson's, Lewis J, Liman, ” De Niro, Tiffany Chen, Niro, Chen, De, Andrew Macurdy, Macurdy, ” De, Richard Schoenstein, countersued Robinson, Schoenstein Organizations: De, Canal Productions Locations: New York City, Manhattan, De Niro
AustralianSuper owns a 13.68% stake in Origin Energy and said the offer was "substantially below" its estimate of long-term value for Australia's biggest energy retailer. Origin shares were down 0.9% in early trade on Tuesday at A$9.10 each, which was above the $A8.81 offer price. Origin shares have been trading above the offer price since the deal got an approval from the country's competition regulator on Oct. 10. Origin shares closed at A$9.17 on Monday, 4.1% above the offer price. "The current offer from the Brookfield and EIG-backed consortium remains substantially below our estimate of Origin's long-term value," the firm said.
Persons: AustralianSuper, Max Vickerson, AusSuper, it’s, Scott Murdoch, Lewis Jackson, Sameer Manekar, Josie Kao, Lincoln, Chris Reese Organizations: Origin Energy, Brookfield, stockbroker Morgans, Frontier Economics, Energy, Thomson Locations: Brookfield, EIG, Sydey, Bengaluru
PwC sign is seen in the lobby of their offices in Barangaroo, Australia June 22, 2023. REUTERS/Lewis Jackson Acquire Licensing RightsSYDNEY, Oct 26 (Reuters) - PwC Australia said on Thursday that dozens of staff who had been set to move across to spin-off consultancy Scyne Advisory will no longer have roles at the new firm and have been told to look for jobs internally. Over 1,500 people out of PwC Australia's more than 9,000 staff were expected to move to the new firm, PwC said in September. A Scyne Advisory spokesperson said a delay in closing the deal, originally planned for September, changes to its "partner mix" and the need to establish Scyne as a "sustainable business" were factors in the decision. The move comes as Scyne Advisory gears up to reclaim advisory work that netted PwC Australia A$680 million ($427 million) last financial year.
Persons: Lewis Jackson, PwC, Kevin Burrowes, Lincoln, Edwina Gibbs Organizations: REUTERS, Rights, Scyne, PwC, PwC Australia, of Finance, Thomson Locations: Barangaroo, Australia, PwC Australia, PwC
A fishing boat sails past the Princess Cruises' Ruby Princess cruise ship as it docks in Manila Bay during the spread of the coronavirus disease (COVID-19), in Cavite city, Philippines, May 7, 2020. REUTERS/Eloisa Lopez/File Photo Acquire Licensing RightsSYDNEY, Oct 25 (Reuters) - Carnival Corp's (CCL.N) Australian unit has been ordered to pay the medical expenses of a woman who contracted COVID-19, with a judge ruling that the cruise ship operator misled passengers about safety risks in a landmark class action ruling. The decision from Australia's Federal Court is the first class action win against a cruise ship operator in the world, according to Shine Lawyers, who represent about 1,000 Australian plaintiffs in the suit. Legal filings show the operator denied it knew before the voyage that the risk of contracting COVID was higher on a cruise ship than in the community. The number of plaintiffs could also grow should Australia's High Court rule that some 700 U.S. passengers can be included in the class action.
Persons: Eloisa Lopez, COVID, Angus Stewart, Susan Karpik, Henry, Henry Karpik's, Vicky Antzoulatos, Karpik's, Karpik didn’t, Antzoulatos, Lewis Jackson, Edwina Gibbs Organizations: Princess Cruises, REUTERS, Rights, Federal, Shine Lawyers, Carnival, Carnival Australia, Reuters, Thomson Locations: Manila Bay, Cavite city, Philippines, Carnival Australia, Sydney, New Zealand, New South Wales
[1/5] A view of the residential apartments in Country Garden's Forest City development in Johor Bahru, Malaysia August 16, 2023. The group hired PJT Partners (PJT.N) as financial adviser to lead discussions with Country Garden, two people with knowledge of the matter said. Ratings agency Moody's said on Thursday it could downgrade Country Garden's (2007.HK) 'corporate family rating' if the recovery prospects for its creditors weaken further. Moody's said Country Garden's senior unsecured rating of C was already at the lowest of its rating scale. Country Garden and Frasers did not immediately respond for a request for comment on that sale.
Persons: Edgar Su, PJT, Moody's, Frasers, Houlihan Lokey, Sidley Austin, Yeung Kwok Keung, Yang Huiyan, Yeung, Yang, Cao Jianglin, Garden's, China Evergrande, Scott Murdoch, Xie Yu, Clare Jim, Anousha Sakoui, Liz Lee, Lewis Jackson, Kim Coghill, Christopher Cushing, Jamie Freed, Lincoln, Miral Fahmy, Jane Merriman Organizations: REUTERS, HK, PJT Partners, Garden's, Australian Financial, Reuters, China International Capital Corporation, Finance, HSBC, China National Agricultural Development, SOE, Thomson Locations: Garden's, City, Johor Bahru, Malaysia, China HONG KONG, Garden's Australian, Melbourne, China, Shunde, Guangdong province, Sydney, Hong Kong, London, Beijing, Sydndey
Total: 25