Gold Coast Business News

• Wed, 22 Feb 2012 13:57:00 +0000: Construction industry falls $1.2b -
  THE economic value of the Gold Coast construction industry dropped more than a third in three years and 1400 jobs were lost, a report released yesterday shows.
• Wed, 22 Feb 2012 13:10:00 +0000: Parking revenue powers Airport's profit -
  QUEENSLAND Airports Limited has recorded a slight increase in pre-tax earnings for the first half of this financial year, aided by revenue from its carpark operations.
• Wed, 22 Feb 2012 12:14:00 +0000: Theme park profit boosts Roadshow -
  VILLAGE Roadshow is predicting a strong result for its Gold Coast theme parks this year, despite the difficult trading environment for tourism being expected to continue.
• Wed, 22 Feb 2012 05:01:00 +0000: Clive Palmer's war on everything -
  CLIVE Palmer's war on everything stepped up a notch yesterday as the Gold Coast billionaire mining magnate set his sights on US resort giant Hyatt.
• Wed, 22 Feb 2012 05:01:00 +0000: NICHOLS: Billabong under siege -
  BUSINESS editor <strong>Nick Nichols</strong> says the last thing Billabong's board should be doing is wasting time chasing off the vultures.
• Wed, 22 Feb 2012 05:01:00 +0000: Salacia on hold until better days -
  TOUGH economic conditions have brought further development of the $650 million Salacia Waters project at Paradise Point to a grinding halt.
• Tue, 21 Feb 2012 14:27:00 +0000: Icon Energy rides on rumour -
  GOLD Coast-based oil and gas explorer Icon Energy has hinted that its shares could be riding a wave of interest in a shale gas hot spot in the Cooper Basin.
• Tue, 21 Feb 2012 13:03:00 +0000: House, land packages go begging -
  THE number of house and land packages being produced on the Gold Coast is sinking to a record low this year but, according to property researcher Bill Morris, it's still more than existing demand can absorb.
• Mon, 20 Feb 2012 14:45:00 +0000: Billabong confirms TPG takeover bid -
  <span>UPDATED 1.35pm</span> BILLABONG has confirmed it received a proposal from TPG Capital to buy the Gold Coast-based company's shares. It follows speculation last week that TPG placed a $765 million bid on the table for the struggling surfwear giant.
• Mon, 20 Feb 2012 12:00:00 +0000: Silent success as IT firm GCOMM prospers -
  THE nature of its business has forced GCOMM to be one of the Gold Coast's quiet achievers.
• Sat, 18 Feb 2012 05:01:00 +0000: Coast Billabong jobs, stores at risk -
  GOLD Coast jobs are on the line after Billabong yesterday announced it would slash 400 positions worldwide and close up to 150 stores in a bid to claw back profits.
• Fri, 17 Feb 2012 17:25:00 +0000: Billabong plans major restructure -
  <span>UPDATED 12.25pm: </span> SURFWEAR retailer Billabong International will shed 400 jobs worldwide, including up to 80 in Australia, and sell a chunk of its accessories brand as part of a major restructure aimed at restoring its fortunes.
• Fri, 17 Feb 2012 07:37:00 +0000: Billabong in $765m takeover speculation -
  BILLABONG is in a whirlwind of takeover speculation, with US-based private equity group TPG Capital said to have put a $765 million bid on the table for the struggling Gold Coast surfwear giant.
• Fri, 17 Feb 2012 05:01:00 +0000: Dreamworld visitor numbers drop -
  GOLD Coast theme park Dreamworld suffered a setback in the latest half year as lower visitor numbers pushed pre-tax profit 8.6 per cent lower to $19.7 million.
• Thu, 16 Feb 2012 14:35:00 +0000: Reports of Billabong takeover bid -
  <span>9.35am</span> US PRIVATE equity giant TPG has made a takeover offer for Gold Coast-based surf company Billabong, according to rumours in the business sector.
• Thu, 16 Feb 2012 05:01:00 +0000: Pacific Fair one of Westfield's worst -
  PACIFIC Fair has emerged as one of the worst performers in the Westfield stable after the company's full year results yesterday revealed the Gold Coast shopping centre's sales slumped 8 per cent over the past year.
• Thu, 16 Feb 2012 05:01:00 +0000: Surfers to swell local economy -
  THE world's best surfers will converge at Snapper Rocks next week and will bring a wave of fellow surfers and supporters, giving the southern Gold Coast economy a real boost.
• Wed, 15 Feb 2012 17:21:00 +0000: NICHOLS: Drip driving me crazy -
  BUSINESS editor <strong>Nick Nichols </strong> has a problem with a leaky tap and the location of his water meter, and has become an "Allconnex stalker" in the quest to rectify these issues.
• Wed, 15 Feb 2012 14:28:00 +0000: Maritimo sees signs of recovery at show -
  GOLD Coast luxury boat builders are about to test the waters in the US with the massive Miami International Boat Show and there are hopes they will come away with proof of a market recovery.
• Wed, 15 Feb 2012 14:13:00 +0000: Home approvals suggest building recovery -
  THERE is evidence of a slow recovery in the Gold Coast building industry, with a 16 per cent jump in approvals for new houses in December.

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