‘A greater risk for employees’ in Sydney:Our economic challenge in three charts

‘A greater risk for employees’ in Sydney:Our economic challenge in three charts

NSW is an economic and business powerhouse. But higher interest rates and a disproportionately large share of insolvencies is putting that to the test.

  • byMatt Wade

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Directorship cloud over failed mining group involving financier Simon Raftery

Directorship cloud over failed mining group involving financier Simon Raftery

An administrator’s report on the group that ran the Wilkie Creek coal mine details the possible involvement of shadow directors in the company’s operation.

  • byAnne Hyland
‘We’ve lost a cylinder in a four-cylinder engine’:Insolvency help soars as economy struggles

‘We’ve lost a cylinder in a four-cylinder engine’:Insolvency help soars as economy struggles

There’s been an “astonishing” increase in the number of administrators appointed to struggling firms,in a further sign the overall economy is struggling.

  • byShane Wright
Millers,Noni B,Katies company’s share price plummets as it navigates financial distress

Millers,Noni B,Katies company’s share price plummets as it navigates financial distress

The $7.6 million company was forced to reveal it is seeking advice from Deloitte as it struggles to make sales.

  • byJessica Yun andAnne Hyland
‘It ends up just being a bloodbath’:Why plucky,third player Rex Airlines came unstuck

‘It ends up just being a bloodbath’:Why plucky,third player Rex Airlines came unstuck

A graveyard has filled with airline groups that have tried and failed to challenge the duopoly in the skies,from Compass to Tiger Airways and Bonza. Rex is just the latest.

  • byAnne Hyland
Albanese lays blame on Rex as finger pointing heats up

Albanese lays blame on Rex as finger pointing heats up

Prime Minister Anthony Albanese said the regional routes that Rex provides must continue,but its decision to move into capital city services had been misguided.

  • byAmelia McGuire
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Rex collapses with 600 jobs at risk as all capital city flights axed
Updated
Aviation

Rex collapses with 600 jobs at risk as all capital city flights axed

The airline has cancelled all flights between major airports after halting its domestic 737 services,prompting Virgin and Qantas to offer free rebooking for Rex customers.

  • byAmelia McGuire
A $180m deal was meant to rebuild Simon’s fortunes. Six months on,he struggled to scrape together $1m

A $180m deal was meant to rebuild Simon’s fortunes. Six months on,he struggled to scrape together $1m

Wilkie Creek coal mine was meant to revive the fortunes of Simon Raftery’s private credit firm. Instead,he lost colleagues,his house and became entangled in multiple court battles.

  • byAnne Hyland
New reforms welcomed after significant jump in bankruptcies
Analysis
Analysis

New reforms welcomed after significant jump in bankruptcies

A likely reason for the spike,apart from higher interest rates,is the ATO’s resumption of collection of outstanding taxes after a pause during COVID.

  • byJohn Collett
Booktopia axes 165 jobs as administrators field interest from 60 parties

Booktopia axes 165 jobs as administrators field interest from 60 parties

Barely two dozen employees remain at the embattled book retailer whose administrators found the business didn’t have the funds to retain them.

  • byJessica Yun
A series of unfortunate events:Demise of Booktopia is a page turner
Opinion
Booktopia

A series of unfortunate events:Demise of Booktopia is a page turner

A blindingly bright-coloured flag appeared only a month ago when the listed company told the market that directors’ fees for the year would be paid by issuing shares,rather than in cash.

  • byElizabeth Knight