BRIEFS

Ten Network completed the first part of a $230 million capital raising aimed at paying down debt. The move came while the shares were paused in a trading halt and was intended to address the broadcaster’s balance sheet.

According to the article, investors reacted with doubt about Ten’s ability to turn around its struggling business, and shares fell when they emerged from the trading halt after the first part of the $230 million capital raising was completed.

In the article’s context, a trading halt means the companies paused share trading while material announcements were made: Ten paused while completing the first part of its capital raising, and Macmahon’s shares were halted ahead of an announcement about a possible equity raising and strategy update.

Mining contractor Macmahon Holdings is poised for a capital raising as it addresses a drop in earnings and looks to cut costs. The company halted trading ahead of an announcement about a possible equity raising and a strategy update.

Perpetual has named Gillian Larkins as its new chief financial officer, replacing Roger Burrows on January 7. Larkins joined Perpetual in October from Westpac and is the leader of the firm’s restructuring program.

The change takes effect on January 7, when Gillian Larkins replaces outgoing CFO Roger Burrows.

ANZ will give Australian-based staff a 3.5% salary increase for each of the next two years. The package also includes superannuation contribution increases of 0.5% in both years.

These briefings show several listed companies taking different approaches: Ten is raising capital to pay down debt, Macmahon is considering equity to address weaker earnings and strategy, Perpetual is making a leadership change tied to restructuring, and ANZ has committed to multi-year staff pay increases. For investors, these are examples of balance-sheet management, cost and strategy responses, leadership shifts, and operating-cost decisions to watch when assessing company prospects.