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The Latest Breaking News from Brookfield

Eraring on track to close in 2025 after Origin $1bn profit

Origin Energy made a $1.03 billion profit last financial year.

Newcastle Herald

Center Parcs makes big change to booking system in time for the summer holidays

Center Parcs, which has camps in Sherwood Forest, Elveden Forest, Whinfell Forest and Woburn Forest, has decided to drop its booking age requirement from 21 to 18

Daily Mirror

It’s Time for American Equity Investment Life Shareholders to Jump on the Brookfield Bandwagon

Brookfield Reinsurance has offered to buy the shares of American Equity Investment Life it didn’t already own for $55. American Equity shareholders should rollover the stock portion of the deal, opting to hold Brookfield for the long haul.

Barchart

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HSBC to move out of Canary Wharf headquarters due to hybrid working

The bank, which aims to move to the former head office of BT, says it wants to reduce its global office space by 40%

The Guardian - UK

Former F1 owner to enter £4bn race for Center Parcs resorts

CVC Capital partners poised to table bid for six sites across UK and Ireland

The Guardian - UK

$5m Eraring Trust Fund calls for applications

The Eraring Community Investment Fund will be invested between 2023-2032

Newcastle Herald

Center Parcs UK put up for sale ‘with £5bn price tag’

Asking price of at least £4 billion for UK entity of company

The Independent UK

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Center Parcs on sale for '£4bn or £5bn' as Brits look forward to summer holidays

Center Parcs has been put up for sale by owners Brookfield just eight years after it bought the UK holiday chain for £2.5bn, after scrapping plans for a new site

Daily Mirror

Center Parcs UK 'on sale for between £4bn and £5bn' - reports

The six sites - five in the UK - are owned by a Canadian group which is reported to be speaking with potential buyers

Wales Online

This Stock Is a Buy: Brookfield Asset Management Looks to Credit Market for Growth

On Wednesday, Canadian alternative asset manager Brookfield Asset Management reported strong Q1 2023 results. The company’s got significant growth plans over the next five years. It is leaning into the credit market to help it reach $1 trillion in fee-bearing assets.

Barchart

Scottish energy could power 'City fat cats' as major wind farm deal struck

SCOTTISH green energy could be used to power the offices of banking “fat cats” in the City of London, The National can reveal ...

The National (Scotland)

Canary Wharf offices and retail spaces to be powered by Scottish windfarm

Deal for London business district will meet almost three-quarters of electricity demand from wind power

The Guardian - UK

Government weighs up intervention to keep Eraring open

Eraring Power Station presently produces up to 25 per cent of the state's energy needs.

Newcastle Herald

Corporate con? Giant polluting investors are behind the push for hydrogen heating

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The National (Scotland)

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Newcastle Herald

'Major milestone': Eraring battery construction gets underway

Stage one of the Eraring Battery will involve the construction of a 460 megawatt battery storage system with a dispatch duration of two hours.

Chicago Sun-Times

Warehouse demand brings attention to South Side properties

One proposal involves replacing the Wheatland Tube factory in Back of the Yards with a three-building logistics center covering more than 30 acres.

ABC News

Former Bank of England governor Mark Carney on how to keep the lights on

Mark Carney, former governor of the Bank of England and green energy financier, says Australia will reach its emissions targets without interruption to energy supply.

Tribune News Service

JCPenney goes back to department store roots to shake retail ‘road kill’ rap

Sometimes the relevance of a retailer is decided by people who don’t shop there. It’s a Wall Street vs. Main Street, high-income vs. mid-to-low-income kind of thing.

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Newcastle Herald

We can't afford to lose Eraring, state MP warns

Lake Macquarie MP Greg Piper to meet with Chris Minns and Brookfield about the future of Eraring Power Station

Newcastle Herald

Eraring power station to close sooner than later

The potential buyers of Origin Energy say they want to exit coal-fired assets as soon as possible

Kiplinger

9 Best Green Energy Stocks to Buy Now

The future for renewable energy remains bright, and these green energy stocks are poised to profit on a durable trend toward sustainability.

AAP

Origin Energy profit drops amid takeover uncertainty

Takeover target Origin Energy's underlying profit for the half year slumped more than 80 per cent to $44 million.

Chicago Sun-Times

Brookfield Zoo gorilla group gets a new leader, 26-year-old Jontu

Meanwhile, a young male gorilla has headed off to St. Louis Zoo.

Los Angeles Times

As many work from home, office landlords roll out entertainment to entice tenants

As landlords struggle to get people back into office buildings that emptied during the pandemic, some are turning to entertainment and other enticements such as yoga classes to woo wary workers.

AAP

Origin Energy lifts earnings forecast

Origin said full year earnings for its main energy markets business will rise to between $600 million and $730 million.

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