Beach Energy shares plummeted in early trading on Monday,with its chief executive conceding extreme disappointment over quality issues in the late-stage WA project.
The spotlight has been turned back onto Seven’s current affairs show.
Spotlight’s efforts to woo Bruce Lehrmann have done the journalistic profession few favours. Rupert Murdoch’s News of the World was shut down for less.
Outgoing commercial director Bruce McWilliam distanced the network’s senior executives from Spotlight executive producer Mark Llewellyn in fresh evidence in court on Thursday afternoon.
The Kerry Stokes-backed oil and gas producer will lay off 30 per cent of its workforce and overhaul its executive leadership team in a bid turn the company around.
Bruce McWilliam,one of Seven West Media’s most senior executives and its billionaire chairman Kerry Stokes’ closest adviser,is leaving the company after more than two decades.
In a gutsy move,three directors of the Boral board not aligned with Seven Group have moved against Kerry Stokes’ plan to acquire the rest of the company.
The Land and Environment Court has backed Frensham girls school plans to build a “bush campus” in an area linked to wombats,koalas and platypus.
The Nightly will publish a 34-page digital edition at 6pm from Monday to Friday,supported by a website and featuring prominent Seven West columnists.
The billionaire and his family want to buy the remaining share of the building materials company not already owned by Seven Group.
Kerry Stokes’ media conglomerate has posted a sharp drop in profits and flagged further cost-cutting measures if the advertising market doesn’t rebound.