The Market Herald chief executive Tommy Logtenberg has slashed underperforming parts of the business, which will boost earnings by $1.4 million next year.
The new chief executive of HotCopper-parent The Market Herald has wielded an axe through underperforming parts of the business after a short review, closing its German news website and making dozens of redundancies.
TMH is primarily known as the operator of popular and controversial message board website HotCopper. But after evaluating TMH’s Perth and Canadian business units, Mr Logtenberg announced this morning he would discontinue The Market Herald Germany and a number of publications that are not “material contributors” to the company’s revenue or earnings.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australian Energy Regulator lodges new market offer price caps for electricityThe AER, which sets power prices and power price caps in NSW, South East Queensland and South Australia, plus Victoria’s Essential Services Commission, lodged their new default market offer price caps for electricity this morning. Sky News Business Reporter Edward Boyd looks at the price impact depending on where you live.
Read more »
Extreme weather this winter may lead to gas shortages, energy market regulator warnsThe energy market regulator warns of gas shortages during extreme weather this winter due to declining gas production in the south and uncertainty over whether exporters would redirect gas supply if needed.
Read more »
Hot Melbourne suburbs where the property market is defying the downturnA handful of popular Melbourne neighbourhoods are defying the property market downturn, and the city’s housing values are inching higher.
Read more »
Global energy market under ‘enormous pressure’ due to Ukraine-Russia conflictEnvironment Minister Tanya Plibersek says the global energy market is under “enormous pressure” due to Ukraine-Russia conflict. “We’ve seen what that’s done not just to energy prices in Australia but to energy prices in Europe, the US, and globally,” she told Sky News Australia.
Read more »
TA Associates’ Honan Insurance rolls up broker marketTA Associates-backed insurance broker Honan Insurance Group is on an M&A hot streak,
Read more »
Albanese government will do ‘what is required’ in energy marketAssistant Trade Minister Tim Ayres says the Albanese government will do “what is required” to make sure Australians have cheap and reliable sources of energy. “We’ve shown our determination and our capacity to do it,” Mr Ayres told Sky News Australia. “We’ll do what is required on supply and price.”
Read more »