Industries

A judge has ordered Fortrend Securities to pay $181,000 in penalties after finding it unlawfully withheld the bonuses of two financial advisers who jumped ship to rival Shaw & Partners, saying the lower penalties were appropriate despite "not a word of contrition”. 

Roberts Co NSW has been sold to United Arab Emirates-based developer Arada, in a deal that includes a $20 million recapitalisation with a view to expanding the Australian builder’s business into the UAE.

Adelaide real estate group Taplin has acquired the Kurralta Park Village shopping centre from Coles, with the supermarket giant reselling the site for a $1 million profit after just 2 years. 

A hearing has gone ahead in a dispute over an aborted $30 million property dispute, with a judge rejecting Aintree Major Town Shopping Centre's bid to vacate because of its “manifestly inadequate" preparation.

Rio Tinto has put down $75 million for Zanthus Resources' interest in the Yarraloola Iron Ore project assets in Western Australia's Pilbara region as part of a joint venture with Mitsui & Co and Nippon Steel.

UK construction company Murphy is continuing its expansion with a 40 per cent stake in Sydney-based building company Abergeldie Complex Infrastructure.

Famed restaurant chain Momofuku has lost its challenge to the ‘Momofuku’ word mark of instant noodle giant Nissin, with IP Australia finding consumers were not likely to be deceived or confused because of the different goods and services provided by the two companies.

Dairy company Fonterra is reportedly challenging a court's refusal to give it certainty over lucrative licence agreements with Bega Cheese as it pursues a sale of its Australian business.

Hungry Jack's has paid over $150,000 in penalties for allegedly breaking the Australian Consumer Law by failing to comply with button battery standards with its 'burping Garfield' kids meal toy.