Macquarie

TEAMSTERS AT GREENWASTE OF PALO ALTO RATIFY FIRST CONTRACT

Retrieved on: 
Wednesday, February 28, 2024

PALO ALTO, Calif., Feb. 28, 2024 /PRNewswire/ -- Over 40 drivers and mechanics at GreenWaste of Palo Alto have overwhelmingly ratified their first collective bargaining agreement by a 97 percent margin. The new four-year contract empowers workers at GreenWaste by giving them a voice on the job, a substantial wage increase, and enhanced benefits, notably a defined benefit pension plan.

Key Points: 
  • "I want to congratulate these workers for standing strong and securing a lucrative first contract," said John Bouchard, Secretary-Treasurer of Local 350.
  • "I also want to thank our allies in the California State Legislature and the Palo Alto City Council for advocating for these workers throughout this process."
  • Macquarie Asset Management (MAM) is the majority owner of GreenWaste of Palo Alto.
  • "We're grateful to have been able to secure such a strong first contract for our members at GreenWaste," said Robert Sandoval, President of Local 350.

By reviewing the name of the Baden-Powell Award, Scouts Australia is grappling with its colonial past

Retrieved on: 
Wednesday, November 8, 2023

Scouts Australia is considering changing the name of its most prestigious youth award, the Baden-Powell Scout Award.

Key Points: 
  • Scouts Australia is considering changing the name of its most prestigious youth award, the Baden-Powell Scout Award.
  • For others, his role in creating the largest youth movement in history is overshadowed by allegations of colonial war crimes.

Adapting to changing social values

  • Baden-Powell’s handbook, Scouting for Boys, is the fourth best-selling book of the 20th century.
  • Baden-Powell’s Scouting philosophy emphasised social responsibility and outdoor skills.
  • Scouting has endured for over a century, in part because of its willingness to adapt to changing social values.

But back to Baden-Powell

  • In 2020, amid Black Lives Matter demonstrations, a statue of Baden-Powell in England appeared on a “Topple the Racists” hit list.
  • Yet, the statue was defended by local Scouts, and a petition against its removal received over 40,500 signatures.
  • Before Scouts, Baden-Powell was already a hero of the British Empire for his efforts during the South African War.
  • Globally, Scouts has recognised this, with the Chief Scout of the UK, Bear Grylls, admitting Baden-Powell’s “failings”.

An extended process of public reckoning

  • The case to replace obviously racist place names can be uncontroversial, provided consultation takes place with Traditional Owners.
  • In recent years, Queensland has revoked certain racist place names, while Tasmania has renamed several places that previously commemorated colonial violence.
  • Even Macquarie University is facing calls to recognise his ambiguous legacy, rather than promoting him.
  • This is likely to be the start of an extended process of public reckoning.
  • This may extend from relatively unknown statues, or place names, to big businesses and institutions with connections to questionable legacies.


Ciara Smart receives funding from the University of Tasmania.

Hut 8 Mining Production and Operations Update for October 2023

Retrieved on: 
Monday, November 6, 2023

TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) --  Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), ("Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, mined 112 Bitcoin in October 2023.Production highlights for October 2023:

Key Points: 
  • TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT ) (TSX: HUT ), ("Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, mined 112 Bitcoin in October 2023.
  • The Stalking Horse Bid is part of the previously announced support agreement with Macquarie Equipment Finance Ltd (“Macquarie”) and was approved by the Court in connection with a sale and investment solicitation process ("SISP").
  • Macquarie will receive a minority equity interest in BidCo of approximately 20% and a subsidiary of Hut 8 will be the majority owner with the remaining approximately 80%.
  • “While our mining results remained steady month over month, we made meaningful progress toward building an infrastructure-first, diversified operation that we believe will be a first in our industry,” said Jaime Leverton, CEO of Hut 8.

Hut 8 Mining Production and Operations Update for October 2023

Retrieved on: 
Monday, November 6, 2023

TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) --  Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), ("Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, mined 112 Bitcoin in October 2023.Production highlights for October 2023:

Key Points: 
  • TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT ) (TSX: HUT ), ("Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, mined 112 Bitcoin in October 2023.
  • The Stalking Horse Bid is part of the previously announced support agreement with Macquarie Equipment Finance Ltd (“Macquarie”) and was approved by the Court in connection with a sale and investment solicitation process ("SISP").
  • Macquarie will receive a minority equity interest in BidCo of approximately 20% and a subsidiary of Hut 8 will be the majority owner with the remaining approximately 80%.
  • “While our mining results remained steady month over month, we made meaningful progress toward building an infrastructure-first, diversified operation that we believe will be a first in our industry,” said Jaime Leverton, CEO of Hut 8.

Macquarie Capital joins White House-led initiative to improve energy efficiency, reduce emissions in the US healthcare sector

Retrieved on: 
Thursday, November 2, 2023

FREDERICK, Md., Nov. 2, 2023 /PRNewswire-PRWeb/ -- Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group, today announced it has joined a US Government initiative to improve energy efficiency, emissions and energy resilience across the healthcare sector, with a focus on safety-net providers in economically disadvantaged communities. Macquarie Capital has committed to support up to $US300 million in renewable energy project developments for hospitals and hospital systems designated as key priorities under the initiative.

Key Points: 
  • Macquarie Capital has committed to support up to $US300 million in renewable energy project developments for hospitals and hospital systems designated as key priorities under the initiative.
  • "As a developer of both energy and healthcare infrastructure, Macquarie Capital sees significant opportunity for projects in the safety-net healthcare space that can reduce energy costs and lower emissions while providing increased resiliency and attractive returns to investors."
  • "As a developer of both energy and healthcare infrastructure, Macquarie Capital sees significant opportunity for projects in the safety-net healthcare space that can reduce energy costs and lower emissions while providing increased resiliency and attractive returns to investors," said John Pickhaver, Macquarie Capital's Head of Infrastructure & Energy Capital (IEC) for the Americas.
  • Healthcare facilities are increasingly seeking critical operational upgrades that improve the resiliency of their services while reducing their operating costs and emissions.

Renewi plc: Response to Rule 2.8 termination announcement from Macquarie Asset Management

Retrieved on: 
Friday, October 27, 2023

As a result, Macquarie is bound by the restrictions set out in Rule 2.8 of the Takeover Code.

Key Points: 
  • As a result, Macquarie is bound by the restrictions set out in Rule 2.8 of the Takeover Code.
  • The Board carefully assessed this Revised Proposal with its advisers and also considered the recent feedback it had received from Renewi shareholders.
  • The Board rejected this Revised Proposal on the basis that it continued to fundamentally undervalue Renewi and its prospects.
  • However, the price level of the Revised Proposal did not provide a basis to provide Macquarie with access to due diligence.

Norsk Hydro: Positioning for the long-term, navigating challenging markets

Retrieved on: 
Tuesday, October 24, 2023

Global demand has remained weak for residential building and construction, and industrial segments, while demand for automotive has been more stable.

Key Points: 
  • Global demand has remained weak for residential building and construction, and industrial segments, while demand for automotive has been more stable.
  • Within Hydro Extrusions and recycling, we are using our production flexibility and adaption abilities to maneuver in weaker markets,” says Aasheim.
  • Hydro’s improvement program has progressed significantly during the quarter and commercial ambitions are ahead of the target for 2023.
  • The 2024 Norwegian national budget proposal, revealed on October 6, surprised with significant changes to industrial and power development conditions.

Midkey, Australia’s First Ever NO MONTHLY PAYMENTS Home Loan, Is Now Available in Adelaide, Brisbane and Hobart

Retrieved on: 
Wednesday, October 11, 2023

Midkey, Australia’s ground-breaking NO MONTHLY PAYMENTS home loan for mid-life borrowers, is now available in Adelaide, Brisbane and Hobart.

Key Points: 
  • Midkey, Australia’s ground-breaking NO MONTHLY PAYMENTS home loan for mid-life borrowers, is now available in Adelaide, Brisbane and Hobart.
  • After launching its new and innovative loan solution to Sydney in April, Midkey is now expanding to these 3 additional cities.
  • Midkey is changing the home loan market with a new home loan that does not require monthly principal or interest payments.
  • “We noticed that many of our friends, despite having significant equity in their homes, lacked the income to service additional loan payments.

Renewi plc: Further response to possible offer announcement by Macquarie Asset Management (“Macquarie”)

Retrieved on: 
Thursday, September 28, 2023

These actions will be supplemented by progress in Renewi’s digital agenda, focused on further improving customer related processes, digitising its back offices and upgrading its asset management capabilities.

Key Points: 
  • These actions will be supplemented by progress in Renewi’s digital agenda, focused on further improving customer related processes, digitising its back offices and upgrading its asset management capabilities.
  • Delivery of these initiatives is expected to drive sustainable long-term margin improvement, towards the Company’s target of high single digit % EBIT margin.
  • For the purposes of Rule 2.5(a) of the Code, this announcement has been made without the consent of Macquarie.
  • The content of the website referred to above is not incorporated into and does not form part of this announcement.

Macquarie AirFinance Announces Pricing of $500 Million of Senior Unsecured Notes due 2029

Retrieved on: 
Wednesday, September 13, 2023

Macquarie AirFinance Holdings Limited (the “Company”) announced today that it has priced $500 million aggregate principal amount of its 8.125% Senior Notes due 2029 (the “Notes”) in a private offering.

Key Points: 
  • Macquarie AirFinance Holdings Limited (the “Company”) announced today that it has priced $500 million aggregate principal amount of its 8.125% Senior Notes due 2029 (the “Notes”) in a private offering.
  • The Notes are expected to be issued on 18 September, 2023, subject to customary closing conditions.
  • Michael Sims, Chief Financial Officer of the Macquarie AirFinance group, stated, “We are delighted to announce pricing of our latest senior unsecured notes offering.
  • The investor community has shown tremendous support to the business as we continue to transition to a predominantly unsecured capital structure.