Business
Childcare Chain Collapses into Administration, Highlighting Private Credit Risks
A childcare chain with centres in Queensland, Victoria, and the ACT has entered administration, highlighting the risks associated with private credit in the sector. Shared Beginnings, owned by Finexia Financial Group, operates seven centres across the country, which will continue to operate under the control of administrators.
about 15 hours ago
Business
NextDC's $7 Billion Valuation Hit by West Footscray Data Centre Delays
Shares in NextDC have plummeted 40 per cent after the company slashed its net earnings and revenue forecasts by tens of millions of dollars, citing delays to electricity network upgrades required to power its West Footscray data centre. The company's operating profitability was revised down to $245 million to $265 million, from $385 million to $410 million.
about 19 hours ago