Rosehill. STC/AJC merger recommended

The accounting firm Ernst and Young has recommended that the Australian Jockey Club and the Sydney Turf Club merge to save the NSW racing industry from collapse. Its report suggests the move could inject $45 million into the industry The two clubs will now consider whether to accept the merger recommendation. The NSW Racing Minister Kevin Greene said the clubs have two weeks to make submissions

Penrith. Economic body 'reinvents' itself

The revamped Penrith Valley Economic Development Corporation (PVEDC) has become the first port of call for business and investment enquiries in the city, according to the new CEO, Bijai Kumar. He said the PVEDC was taking steps to reinvent itself to create a strong presence in the Australian marketplace.

Auburn. Hastie Group on acquisition trail

Building maintenance service provider, Hastie Group, at Auburn, which generated $923 million in sales in the first half to December, is on the hunt for acquisitions and contracts after its $77 million capital raising last month, according to The Australian Financial Review.. “Our main focus is organic growth but we are pursuing opportunities as they present themselves,” said MD, David Harris.