The administrators of Hills are urgently assessing possible restructure or recapitalisation options for the failed business. Hills was placed in administration late on Friday last week by creditor AMAL Security Services, following the company, which is now focused on IT solutions for the healthcare sector, losing a court case on appeal. The company’s shares were … [Read more…]
A $5.48m court loss has forced once-great Australian manufacturer Hills, which made the iconic Hills Hoist, into administration. Late on Friday the company was placed in administration by its secured creditor, after on Monday placing its shares in a trading halt while it assessed its options. The company’s shares last traded at just 2.3c apiece, … [Read more…]
Hills once turned out millions of its iconic Hills Hoists, becoming a manufacturing giant in the process. The company is now a shell of its former self and fighting for its very survival. The significance of the silver robots – if any – is probably lost to time – but Aussies were under no illusions … [Read more…]
After struggling to survive the pandemic, international airlines that fly into Australia are making record profits as passengers are willing to pay up for overseas trips. The carrier’s $2.4bn net profit for the year to March was the biggest in the airline’s 76-year history, and represented a $3.5bn turnaround on the previous annual result, a … [Read more…]