BRIEFS

Shareholders in PMP are unlikely to get a dividend in the short term. The printing business is restructuring and paying down debt, and chairman Ian Fraser says profits will be hit by “large significant items” in the current year.

PMP is dealing with structural changes in the media and print markets, and the company expects profits to be affected by large, significant items related to that restructuring.

Patrick Snowball received a 50% pay rise to $8.27 million after signing a new contract and receiving a larger cash incentive. The higher incentive followed Suncorp reporting a 60% rise in full‑year profit.

Yes. The article links the larger cash incentive in Snowball’s pay package to Suncorp’s 60% rise in full‑year profit, and his new contract also contributed to the total 50% pay increase.

Nuplex Industries said it will cut up to 80 jobs and close four plants in Australia and New Zealand over the next two years, including sites at Canning Vale in Western Australia and Wangaratta in Victoria.

Singaporean developer Sembawang abandoned the $5 billion plan for a 1,500‑room hotel and casino plus two cruise‑ship terminals after blaming Queensland Premier Campbell Newman for not allowing a casino to be part of the development.

Insurance intermediary iSelect raised $30 million ahead of a planned sharemarket listing or trade sale next year. The new equity was bought by domestic institutions at $18.50 a share, no existing shareholders sold down, and the 12‑year‑old company had sought a minimum of $25 million.

The placement shows domestic institutional interest ahead of iSelect’s planned listing or trade sale: the deal was fully subscribed by domestic institutions at $18.50 a share, exceeded the company’s $25 million minimum target, and was arranged by Melbourne broker E.L. & C. Baillieu.