Former high-flying banker Jon Adgemis has turned his attention to pouring beers - and is out to give Sydney s gaggle of pub tsars a run for their money.
Greensill woes a headache for high profile Bishop
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It’s been a shocker of a week for
Lex Greensill, the Bundaberg-born billionaire who founded the London-based finance group he named after himself. After Credit Suisse Group froze $US10 billion ($12.9 billion) worth of investment funds, Greensill Capital is contemplating filing for insolvency.
What does this mean for former federal foreign minister
Julie Bishop and her role with Greensill, announced last year? The Bish is distancing herself from the finance company at a speed that would do a daily runner proud.
“I am not a director or member of the Greensill Capital board,” Bishop says. “Julie Bishop and Partners provides advisory and consultancy services to Greensill Capital.”
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Listed pub owner and operator Redcape Hotel Group has extended its post-COVID buying spree, after snapping up O’Donoghues Hotel in Penrith in western Sydney for $31 million amid a flood of new deals in the fast-recovering sector.
Alongside the acquisition of the large-format Irish-themed pub – the group s fourth purchase since November – Redcape said it expected earnings for the six months to December 2020 to be ahead of what it delivered in the prior half-year period despite higher compliance costs due to the pandemic, and declared an interim distribution of 1.83 cents per security.
O Donoghue s Hotel was sold by long-term owners FAL Hotels.