Scape signs biggest-ever direct real estate deal; buys Aveo for $3.85b
Street Talk can reveal Scape, and co-investor South Korea's National Pension Service, have agreed to pay $3.85 billion on an enterprise valuation basis. As part of the deal, Scape will bring all its assets – including student living, build-to-rent and retirement living – under the combined brand The Living Company.
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West Australian
an hour ago
- West Australian
Liontown Resources raising $286m to ‘fortify' balance sheet and target growth ‘opportunities'
Taxpayers are tipping $50 million into Liontown Resources as the Gina Rinehart-backed miner looks to stave off the lithium price rout and potentially buy a new mine by raising up to $286m. Liontown has launched a fully-underwritten share placement with new institutional investors to raise about $266m at a price of 73¢ a share — a 13.6 per cent discount to Liontown's last closing stock price of 84.5¢. The Federal Government-owned National Reconstruction Fund Corporation will cornerstone the placement by investing $50m. 'Australia is well-positioned to be a competitive, long-term supplier of lithium to the rest of the world and local lithium production is important to the nation's economic security and resilience,' NRFC chief executive David Gall said. 'Our investment in Liontown will help to attract private capital and develop Australia's resources sector. It is aligned with the Government's strategy of transforming Australia into a global leader in the critical minerals supply chain.' Existing Liontown shareholders can take part in a $20m share purchase plan on the same price terms as the placement. All of the company's directors, including chairman Tim Goyder, are set to participate in the share purchase plan. Mr Goyder owns 13.8 per cent of the company while Mrs Rinehart's Hancock Prospecting is the number one shareholder with 18.1 per cent. Both rich-listers are set to see their major stakes diluted by the capital raising. Hancock declined to comment. The raising will boost Liontown's cash position to about $422m. It had $155m of cash and more than $720m of debt at June 30. Weak lithium prices have hamstrung the ability of its Kathleen Valley mine in the northern Goldfields to generate meaningful cash flow. Liontown chief executive Tony Ottaviano said the fresh injection of capital 'fortifies' the company's balance sheet, provides liquidity, and supports the ramp-up and underground transition at Kathleen Valley. 'Liontown is well placed to remain resilient in this low-price environment whilst retaining flexibility to pursue low-cost, high return opportunities to maximise value,' he said. The company's chief commercial officer Grant Donald told The West Australian last month Liontown was interested in buying another lithium mine despite its tight liquidity position. 'We shouldn't just think about Liontown as a target for mergers and acquisitions, ultimately we've delivered Kathleen Valley . . . we don't want to be a single asset company,' he said. 'There's still opportunity out there, and so we're very much thinking about what opportunities may be present in this low-price environment.' Mr Donald implied Liontown was open to examining opportunities in Australia or the Americas, but not the world's other lithium hotspot — Africa. Liontown's stock has gained nearly 50 per cent so far this year after a horror 2024. Citi analyst Kate McCutcheon said Liontown pulling the trigger on a capital raise was not a surprise. 'Our base case had been that Liontown required additional liquidity in the 2026 financial year and we don't expect the raise to be a surprise to the market,' she said. 'We expect this additional liquidity to quash questions on when Kathleen Valley will enter care and maintenance.'
The Advertiser
17 hours ago
- The Advertiser
Donald Trump slams Jaguar's 'woke' marketing campaign nine months later
It seems like everybody has weighed in on Jaguar's controversial rebranding campaign, and that now includes Donald Trump. A whole nine months after Jaguar trotted out a diverse cast of models wearing futuristic, boldly coloured garb in its infamous Copy Nothing advertisement campaign, the sitting US president has come out swinging against the "woke" rebrand of the Indian-owned British luxury brand. In a post on his Truth Social platform defending actress Sydney Sweeney, he said Jaguar produced a "stupid, and seriously WOKE advertisement" which he called a "DISASTER". "The CEO just resigned in disgrace, and the company is in absolute turmoil," his post reads. "Who wants to buy a Jaguar after looking at that disgraceful ad." CarExpert can save you thousands on a new car. Click here to get a great deal. He then segued into criticism of Bud Lite's advertising, singer Taylor Swift, and other topics scarcely worth discussing on an automotive website. The retirement of JLR CEO Adrian Mardell was announced earlier this month. He will be replaced on November 1 by the chief financial officer of parent company Tata Motors, PB Balaji. Mr Mardell is a 35-year veteran at the firm, and signed a three-year contract in mid-2023 to serve as CEO, replacing Thierry Bolloré who quit suddenly for "personal reasons" after just two years in the role, and after announcing in 2021 that the Jaguar brand would go all-electric and be positioned further upmarket. The term 'woke' once meant to be alert to racial injustice, but figures like President Trump have come to commonly use it as a pejorative term to mean anything from excessive political correctness to diversity, equity and inclusion campaigns at government agencies. Under his administration, terms like 'climate change' have also been referred to as woke. Whether you'd call it 'woke' or simply unconventional or even weird, Jaguar's initial Copy Nothing advertisement in November 2024 featured models of different genders, ethnicities and ages, all in brightly coloured outfits and some with unusual haircuts or makeup, and set against brightly coloured backdrop. However, there wasn't a car to be seen. Just a day or so later, Jaguar teased its Type 00 concept, before pulling the wraps off in December. Riding a new dedicated electric vehicle (EV) platform that doesn't support combustion powertrains, the Type 00 concept previews a trio of production vehicles that will see Jaguar repositioned from being a British BMW rival to more of an electric Bentley alternative. The first of these production vehicles is set to debut in 2026. In short, higher prices and lower sales volumes will be the order of the day at Jaguar, which has also received a new wordmark to go with its dramatically different design language. Positioning Jaguar in the volume premium vehicle segment, where it competed against Mercedes-Benz, BMW, and Audi – a strategy developed when Ford Motor Company owned the brand and continued under Tata's ownership – proved an expensive failure. Jaguar never got anywhere near selling the 600,000 vehicles a year it needed to be profitable, which perhaps explains why parent JLR has made such a bold move to completely throw out this model. Having the more stable, profitable Land Rover brand – or, as JLR puts it, the Defender, Discovery and Range Rover marques in its House of Brands – gives the automaker cover to carry out this reinvention. Mr Mardell called it a "complete reset", and JLR expects only 10-15 per cent of Jaguar's existing customer base will stay with the brand. Jaguar's rebranding may have been controversial, but it arguably generated more mainstream buzz with one advertisement and one concept car than at any time in decades. The initial teaser video is sitting at 4.7m views and close to 48,000 comments on YouTube, and has generated countless comments across social media. While much of this commentary has been negative, the campaign has nevertheless put Jaguar back in the public consciousness. It's not just Jaguar fans and world leaders that have criticised the rebranding, however. A letter from Jaguar's internal design team to chief creative officer Gerry McGovern was shared by Autocar India, with team members criticising aspects of the rebranding efforts that were led by external agency Accenture Interactive. JLR is reportedly conducting a review of its account with the firm. MORE: Jaguar's shock new design revealed as luxury EV concept breaks cover Content originally sourced from: It seems like everybody has weighed in on Jaguar's controversial rebranding campaign, and that now includes Donald Trump. A whole nine months after Jaguar trotted out a diverse cast of models wearing futuristic, boldly coloured garb in its infamous Copy Nothing advertisement campaign, the sitting US president has come out swinging against the "woke" rebrand of the Indian-owned British luxury brand. In a post on his Truth Social platform defending actress Sydney Sweeney, he said Jaguar produced a "stupid, and seriously WOKE advertisement" which he called a "DISASTER". "The CEO just resigned in disgrace, and the company is in absolute turmoil," his post reads. "Who wants to buy a Jaguar after looking at that disgraceful ad." CarExpert can save you thousands on a new car. Click here to get a great deal. He then segued into criticism of Bud Lite's advertising, singer Taylor Swift, and other topics scarcely worth discussing on an automotive website. The retirement of JLR CEO Adrian Mardell was announced earlier this month. He will be replaced on November 1 by the chief financial officer of parent company Tata Motors, PB Balaji. Mr Mardell is a 35-year veteran at the firm, and signed a three-year contract in mid-2023 to serve as CEO, replacing Thierry Bolloré who quit suddenly for "personal reasons" after just two years in the role, and after announcing in 2021 that the Jaguar brand would go all-electric and be positioned further upmarket. The term 'woke' once meant to be alert to racial injustice, but figures like President Trump have come to commonly use it as a pejorative term to mean anything from excessive political correctness to diversity, equity and inclusion campaigns at government agencies. Under his administration, terms like 'climate change' have also been referred to as woke. Whether you'd call it 'woke' or simply unconventional or even weird, Jaguar's initial Copy Nothing advertisement in November 2024 featured models of different genders, ethnicities and ages, all in brightly coloured outfits and some with unusual haircuts or makeup, and set against brightly coloured backdrop. However, there wasn't a car to be seen. Just a day or so later, Jaguar teased its Type 00 concept, before pulling the wraps off in December. Riding a new dedicated electric vehicle (EV) platform that doesn't support combustion powertrains, the Type 00 concept previews a trio of production vehicles that will see Jaguar repositioned from being a British BMW rival to more of an electric Bentley alternative. The first of these production vehicles is set to debut in 2026. In short, higher prices and lower sales volumes will be the order of the day at Jaguar, which has also received a new wordmark to go with its dramatically different design language. Positioning Jaguar in the volume premium vehicle segment, where it competed against Mercedes-Benz, BMW, and Audi – a strategy developed when Ford Motor Company owned the brand and continued under Tata's ownership – proved an expensive failure. Jaguar never got anywhere near selling the 600,000 vehicles a year it needed to be profitable, which perhaps explains why parent JLR has made such a bold move to completely throw out this model. Having the more stable, profitable Land Rover brand – or, as JLR puts it, the Defender, Discovery and Range Rover marques in its House of Brands – gives the automaker cover to carry out this reinvention. Mr Mardell called it a "complete reset", and JLR expects only 10-15 per cent of Jaguar's existing customer base will stay with the brand. Jaguar's rebranding may have been controversial, but it arguably generated more mainstream buzz with one advertisement and one concept car than at any time in decades. The initial teaser video is sitting at 4.7m views and close to 48,000 comments on YouTube, and has generated countless comments across social media. While much of this commentary has been negative, the campaign has nevertheless put Jaguar back in the public consciousness. It's not just Jaguar fans and world leaders that have criticised the rebranding, however. A letter from Jaguar's internal design team to chief creative officer Gerry McGovern was shared by Autocar India, with team members criticising aspects of the rebranding efforts that were led by external agency Accenture Interactive. JLR is reportedly conducting a review of its account with the firm. MORE: Jaguar's shock new design revealed as luxury EV concept breaks cover Content originally sourced from: It seems like everybody has weighed in on Jaguar's controversial rebranding campaign, and that now includes Donald Trump. A whole nine months after Jaguar trotted out a diverse cast of models wearing futuristic, boldly coloured garb in its infamous Copy Nothing advertisement campaign, the sitting US president has come out swinging against the "woke" rebrand of the Indian-owned British luxury brand. In a post on his Truth Social platform defending actress Sydney Sweeney, he said Jaguar produced a "stupid, and seriously WOKE advertisement" which he called a "DISASTER". "The CEO just resigned in disgrace, and the company is in absolute turmoil," his post reads. "Who wants to buy a Jaguar after looking at that disgraceful ad." CarExpert can save you thousands on a new car. Click here to get a great deal. He then segued into criticism of Bud Lite's advertising, singer Taylor Swift, and other topics scarcely worth discussing on an automotive website. The retirement of JLR CEO Adrian Mardell was announced earlier this month. He will be replaced on November 1 by the chief financial officer of parent company Tata Motors, PB Balaji. Mr Mardell is a 35-year veteran at the firm, and signed a three-year contract in mid-2023 to serve as CEO, replacing Thierry Bolloré who quit suddenly for "personal reasons" after just two years in the role, and after announcing in 2021 that the Jaguar brand would go all-electric and be positioned further upmarket. The term 'woke' once meant to be alert to racial injustice, but figures like President Trump have come to commonly use it as a pejorative term to mean anything from excessive political correctness to diversity, equity and inclusion campaigns at government agencies. Under his administration, terms like 'climate change' have also been referred to as woke. Whether you'd call it 'woke' or simply unconventional or even weird, Jaguar's initial Copy Nothing advertisement in November 2024 featured models of different genders, ethnicities and ages, all in brightly coloured outfits and some with unusual haircuts or makeup, and set against brightly coloured backdrop. However, there wasn't a car to be seen. Just a day or so later, Jaguar teased its Type 00 concept, before pulling the wraps off in December. Riding a new dedicated electric vehicle (EV) platform that doesn't support combustion powertrains, the Type 00 concept previews a trio of production vehicles that will see Jaguar repositioned from being a British BMW rival to more of an electric Bentley alternative. The first of these production vehicles is set to debut in 2026. In short, higher prices and lower sales volumes will be the order of the day at Jaguar, which has also received a new wordmark to go with its dramatically different design language. Positioning Jaguar in the volume premium vehicle segment, where it competed against Mercedes-Benz, BMW, and Audi – a strategy developed when Ford Motor Company owned the brand and continued under Tata's ownership – proved an expensive failure. Jaguar never got anywhere near selling the 600,000 vehicles a year it needed to be profitable, which perhaps explains why parent JLR has made such a bold move to completely throw out this model. Having the more stable, profitable Land Rover brand – or, as JLR puts it, the Defender, Discovery and Range Rover marques in its House of Brands – gives the automaker cover to carry out this reinvention. Mr Mardell called it a "complete reset", and JLR expects only 10-15 per cent of Jaguar's existing customer base will stay with the brand. Jaguar's rebranding may have been controversial, but it arguably generated more mainstream buzz with one advertisement and one concept car than at any time in decades. The initial teaser video is sitting at 4.7m views and close to 48,000 comments on YouTube, and has generated countless comments across social media. While much of this commentary has been negative, the campaign has nevertheless put Jaguar back in the public consciousness. It's not just Jaguar fans and world leaders that have criticised the rebranding, however. A letter from Jaguar's internal design team to chief creative officer Gerry McGovern was shared by Autocar India, with team members criticising aspects of the rebranding efforts that were led by external agency Accenture Interactive. JLR is reportedly conducting a review of its account with the firm. MORE: Jaguar's shock new design revealed as luxury EV concept breaks cover Content originally sourced from: It seems like everybody has weighed in on Jaguar's controversial rebranding campaign, and that now includes Donald Trump. A whole nine months after Jaguar trotted out a diverse cast of models wearing futuristic, boldly coloured garb in its infamous Copy Nothing advertisement campaign, the sitting US president has come out swinging against the "woke" rebrand of the Indian-owned British luxury brand. In a post on his Truth Social platform defending actress Sydney Sweeney, he said Jaguar produced a "stupid, and seriously WOKE advertisement" which he called a "DISASTER". "The CEO just resigned in disgrace, and the company is in absolute turmoil," his post reads. "Who wants to buy a Jaguar after looking at that disgraceful ad." CarExpert can save you thousands on a new car. Click here to get a great deal. He then segued into criticism of Bud Lite's advertising, singer Taylor Swift, and other topics scarcely worth discussing on an automotive website. The retirement of JLR CEO Adrian Mardell was announced earlier this month. He will be replaced on November 1 by the chief financial officer of parent company Tata Motors, PB Balaji. Mr Mardell is a 35-year veteran at the firm, and signed a three-year contract in mid-2023 to serve as CEO, replacing Thierry Bolloré who quit suddenly for "personal reasons" after just two years in the role, and after announcing in 2021 that the Jaguar brand would go all-electric and be positioned further upmarket. The term 'woke' once meant to be alert to racial injustice, but figures like President Trump have come to commonly use it as a pejorative term to mean anything from excessive political correctness to diversity, equity and inclusion campaigns at government agencies. Under his administration, terms like 'climate change' have also been referred to as woke. Whether you'd call it 'woke' or simply unconventional or even weird, Jaguar's initial Copy Nothing advertisement in November 2024 featured models of different genders, ethnicities and ages, all in brightly coloured outfits and some with unusual haircuts or makeup, and set against brightly coloured backdrop. However, there wasn't a car to be seen. Just a day or so later, Jaguar teased its Type 00 concept, before pulling the wraps off in December. Riding a new dedicated electric vehicle (EV) platform that doesn't support combustion powertrains, the Type 00 concept previews a trio of production vehicles that will see Jaguar repositioned from being a British BMW rival to more of an electric Bentley alternative. The first of these production vehicles is set to debut in 2026. In short, higher prices and lower sales volumes will be the order of the day at Jaguar, which has also received a new wordmark to go with its dramatically different design language. Positioning Jaguar in the volume premium vehicle segment, where it competed against Mercedes-Benz, BMW, and Audi – a strategy developed when Ford Motor Company owned the brand and continued under Tata's ownership – proved an expensive failure. Jaguar never got anywhere near selling the 600,000 vehicles a year it needed to be profitable, which perhaps explains why parent JLR has made such a bold move to completely throw out this model. Having the more stable, profitable Land Rover brand – or, as JLR puts it, the Defender, Discovery and Range Rover marques in its House of Brands – gives the automaker cover to carry out this reinvention. Mr Mardell called it a "complete reset", and JLR expects only 10-15 per cent of Jaguar's existing customer base will stay with the brand. Jaguar's rebranding may have been controversial, but it arguably generated more mainstream buzz with one advertisement and one concept car than at any time in decades. The initial teaser video is sitting at 4.7m views and close to 48,000 comments on YouTube, and has generated countless comments across social media. While much of this commentary has been negative, the campaign has nevertheless put Jaguar back in the public consciousness. It's not just Jaguar fans and world leaders that have criticised the rebranding, however. A letter from Jaguar's internal design team to chief creative officer Gerry McGovern was shared by Autocar India, with team members criticising aspects of the rebranding efforts that were led by external agency Accenture Interactive. JLR is reportedly conducting a review of its account with the firm. MORE: Jaguar's shock new design revealed as luxury EV concept breaks cover Content originally sourced from:
7NEWS
19 hours ago
- 7NEWS
Donald Trump slams Jaguar's 'woke' marketing campaign nine months later
It seems like everybody has weighed in on Jaguar's controversial rebranding campaign, and that now includes Donald Trump. A whole nine months after Jaguar trotted out a diverse cast of models wearing futuristic, boldly coloured garb in its infamous Copy Nothing advertisement campaign, the sitting US president has come out swinging against the 'woke' rebrand of the Indian-owned British luxury brand. In a post on his Truth Social platform defending actress Sydney Sweeney, he said Jaguar produced a 'stupid, and seriously WOKE advertisement' which he called a 'DISASTER'. 'The CEO just resigned in disgrace, and the company is in absolute turmoil,' his post reads. 'Who wants to buy a Jaguar after looking at that disgraceful ad.' CarExpert can save you thousands on a new car. Click here to get a great deal. He then segued into criticism of Bud Lite's advertising, singer Taylor Swift, and other topics scarcely worth discussing on an automotive website. The retirement of JLR CEO Adrian Mardell was announced earlier this month. He will be replaced on November 1 by the chief financial officer of parent company Tata Motors, PB Balaji. Mr Mardell is a 35-year veteran at the firm, and signed a three-year contract in mid-2023 to serve as CEO, replacing Thierry Bolloré who quit suddenly for 'personal reasons' after just two years in the role, and after announcing in 2021 that the Jaguar brand would go all-electric and be positioned further upmarket. The term 'woke' once meant to be alert to racial injustice, but figures like President Trump have come to commonly use it as a pejorative term to mean anything from excessive political correctness to diversity, equity and inclusion campaigns at government agencies. Under his administration, terms like 'climate change' have also been referred to as woke. Whether you'd call it 'woke' or simply unconventional or even weird, Jaguar's initial Copy Nothing advertisement in November 2024 featured models of different genders, ethnicities and ages, all in brightly coloured outfits and some with unusual haircuts or makeup, and set against brightly coloured backdrop. However, there wasn't a car to be seen. Just a day or so later, Jaguar teased its Type 00 concept, before pulling the wraps off in December. Riding a new dedicated electric vehicle (EV) platform that doesn't support combustion powertrains, the Type 00 concept previews a trio of production vehicles that will see Jaguar repositioned from being a British BMW rival to more of an electric Bentley alternative. The first of these production vehicles is set to debut in 2026. In short, higher prices and lower sales volumes will be the order of the day at Jaguar, which has also received a new wordmark to go with its dramatically different design language. Positioning Jaguar in the volume premium vehicle segment, where it competed against Mercedes-Benz, BMW, and Audi – a strategy developed when Ford Motor Company owned the brand and continued under Tata's ownership – proved an expensive failure. Jaguar never got anywhere near selling the 600,000 vehicles a year it needed to be profitable, which perhaps explains why parent JLR has made such a bold move to completely throw out this model. Having the more stable, profitable Land Rover brand – or, as JLR puts it, the Defender, Discovery and Range Rover marques in its House of Brands – gives the automaker cover to carry out this reinvention. Mr Mardell called it a 'complete reset', and JLR expects only 10-15 per cent of Jaguar's existing customer base will stay with the brand. Jaguar's rebranding may have been controversial, but it arguably generated more mainstream buzz with one advertisement and one concept car than at any time in decades. The initial teaser video is sitting at 4.7m views and close to 48,000 comments on YouTube, and has generated countless comments across social media. While much of this commentary has been negative, the campaign has nevertheless put Jaguar back in the public consciousness. It's not just Jaguar fans and world leaders that have criticised the rebranding, however. A letter from Jaguar's internal design team to chief creative officer Gerry McGovern was shared by Autocar India, with team members criticising aspects of the rebranding efforts that were led by external agency Accenture Interactive. JLR is reportedly conducting a review of its account with the firm.
