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  • The ugly side of the beauty business: McPherson’s to lay off 40 employees following poor year

    The ugly side of the beauty business: McPherson’s to lay off 40 employees following poor year

    A streamlined portfolio, new leadership, and layoffs—Aussie health, wellness and beauty products brand McPherson’s (ASX: MCP), the brand behind Manicare, Lady Jayne and Fusion Health, has begun damage control after its FY23 financials painted a worrying picture for shareholders. The Company’s new strategy will focus on its higher margin and higher growth categories where McPherson’s

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  • APRA pulls up NobleOak for breaching life insurance regulations

    APRA pulls up NobleOak for breaching life insurance regulations

    Sydney-based life insurer NobleOak Life (ASX: NOL) has received a notice from the Australian Prudential Regulation Authority (APRA) saying that it is in breach of its prudential and reporting obligations concerning its capital.  The regulation authority informed NobleOak that the calculation and reporting of its reinsurance asset exposures deviated from APRA’s prudential standards. As per

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  • CBA and Woolworths look to future with venture capital incubator programs

    CBA and Woolworths look to future with venture capital incubator programs

    CBA have announced they plan to launch 25 new businesses over the next five years through their fully owned subsidiary, X15 Ventures. In partnership with KPMG who will provide advice on the ventures, and Microsoft, who will contribute to the engineering platforms, CBA intends to capitalize on their brand, security protocols, and available funds to

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