Northern beaches upgrade: From $1.7m brick house to $22m beauty
The beautiful Watershed Architects -inspired home on an exclusive Manly street is one of the top sales for the year in the suburb, bought in Marianne's name.
Dixon, the 52-year-old chief digital officer, earlier this year sold his independent media company to French communications giant Publicis Groupe for an undisclosed price, although previous reports cited industry estimates of anywhere from $35 million to $50 million.
While Atomic is said to retain its brand, the 16-year-old company was Australia's largest remaining independent media agency that represents major clients such as Dan Murphy's, BMW Group, Salesforce, BHP, Origin Energy, Bupa and Tourism NT.
It will join the French advertising and public relations company's stable that houses other agencies including Zenith, Starcom and Spark Foundry.
It is likely to mark one of the last major deals of its kind in the industry. It's no surprise the family went shopping earlier this year.
The purchase of the five-bedroom, three-bathroom house with a mortgage above Shelly Beach was from First Pharma director and executive chairman Andrew Howden and wife Julie. It sold through Jake Rowe of The Agency Northern Beaches, who declined to comment when contacted.
The Howdens had long called Manly home after they purchased the lease from the Catholic Church in 2013 for $3 million.
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Sky News AU
3 days ago
- Sky News AU
'Peter Gago's troubleshooter': New Penfolds Director of Winemaking Steph Dutton reveals her priorities across the company's global empire
Introducing Steph Dutton, the new director of winemaking at Penfolds, Australia's greatest wine company. The 39-year-old Melbourne Girls Grammar old girl answers to Peter Gago, the legendary Penfolds chief winemaker who led the vintner's audacious push into US, China and France. The arrival of Penfolds as a global winemaking powerhouse is on show with its new Australian releases where local treasures like Grange, RWT and Bin 389 compete with vintages from the other side of the globe. Under the guidance of Gago and Dutton, Penfolds now manicures a universal vineyard straddling the two hemispheres. At any time in either the Barossa, Coonawarra, Coal River or Napa valleys or at Ningxia in the aptly named Shangri-La vineyards in China, or further south in Yunnan near the Burma border, the grapes are ripening. Penfolds also has an ongoing collaboration with Champagne Thiénot and its holding company Treasury Wine Estates owns the Chianti winery Castello di Gabbiano in Tuscany (a pleasant 37-minute drive south of Florence) and more wineries at Marlborough in New Zealand. Dutton has emerged as Gago's troubleshooter across an impressive portfolio of properties that now includes Château Lanessan in Bordeaux. She says it is an honour for an Australia firm to take charge at the left bank Lanessan vineyard which has been owned by a succession of eight generations of the Bouteiller family. The 390ha of land in the Haut-Médoc appellation has 80ha under vine, she said. It produces cabernet sauvignon, merlot, and petit verdot. Dutton, a mother of two whose parents were advertising executives, climbed the ranks from senior winemaker to group winemaker before being named the director of winemaking. She and her husband Andrew 'Baldy' Baldwin, another gun winemaker at Penfolds, had six-month stints together directing operations at the Penfolds vineyards in Napa and at Paso Robles. They were on a steep learning curve, she said. 'Napa cabernet tannins are very different to Australian tannins for example, so getting to know which barrels were going to match which tannins in different regions is a challenge.' If there was a problem, it has resolved itself spectacularly in Penfolds Bin 704 Napa Valley Cabernet Sauvignon 2022, a sumptuous offering bottled after 16 months in French oak barriques. Dutton grasps the historical significance of the bold Bordeaux acquisitions and the equally brave push into China and California. Lanessan contains two chateaux, one derelict. TWA has just appointed French architects for a major restoration of the cellar door and winery. TWE has a second left bank winery 15 minutes away at Château Cambon la Pelouse at Macau on the road leading to Margaux and Pauillac. TWE purchased the property in 2019. Dutton sees room for expansion. She already had her masters in genetic science before completing her winemaking degree. So how does she keep the predominantly male winemakers in line? 'You can't. It's impossible to keep these guys in line,' she said. She modified her answer by saying she doesn't have to. 'The Southern hemisphere crew in Australia are pretty well established and know what they are doing. 'The big focus for me in the last couple of years is making sure we are authentically and highly skilled in the northern hemisphere as well.' Penfolds winemaker Shauna Bastow is now living permanently in Bordeaux guiding the experimental FWT (French Winemaking Trial) series, including the FWT 585, a cabernet, merlot, and petit verdot blend. However Dutton is the 'boots on the ground' winemaker in sites where the same variety of grapes produce different flavour profiles. 'As you know the art of blending is incredibly important for us at Penfolds,' she said. 'In France, we want flexibility to bring in little grower plots, both from our own vineyards and our grower network there _ just as we do in Australia. 'Our immediate priority is getting Chateau Lanessan in tip top shape.' Dutton says it is a personal goal to create another iconic wine from the Lanessan fruit. 'It might come next year, or it may take eight years. We are still doing the work.' She wants to plant another 20ha of vines at Lanessan while 'rejuvenating' 15ha of existing vines. As the flagship and luxury brand of TWE, Dutton says Penfolds aspires to be the 'best of the best'. 'The combination of a grower network and owned fruit gives you more blending opportunities and options,' she said. 'And it is a little bit of an insurance policy in sourcing from vintage to vintage. We are still finding our feet.' 'We have trials going all the time at Penfolds.' Some have begun in right bank territory and Penfolds is looking at syrah in the Northern Rhone Valley.' She and Baldy often sip chardonnay on Friday night. 'We have slightly different tastes. Baldy does love the softer more voluptuous chardonnays while I tend to look for some of the racier styles. There are some that race across the palate and some that expand across the palate and the best examples do a little both of both.' And if you ask a Penfolds winemaker for their favourite wines they will probably nominate three or four, she said. St Henri will invariably be among them. 'For me, St Henri is an example of a highly saturated wine, full in body but still elegant,' Ms Dutton said. It is often described as a counterpoint to Grange because it shows little, if any, oak. Penfolds St Henri Shiraz 2022 has a commanding bouquet of black fruits, plum and licorice leading to a richly layered palate. It will gain soft, mocha-like characters with age. Penfolds Grange 2021 is another blending masterclass that will have the serious collectors queuing up. Grange doesn't get much better than this. I scored it 98 points. There is a remarkable synergy from grapes harvested in the Barossa Valley (66 percent), McLaren Vale (26) and Clare Valley (eight). This year's edition has six percent cabernet sauvignon. Mr Gago's tasting notes described it best: 'A vortex of mid-palate sumptuousness flanked by sleek, dusty tannins and chocolatey brûléed-suggestive oak.' Where did the flavour come from? Perhaps the Clare delivered Dutch liquorice and menthol, he muses. The Barossa berries contributed the dark satsuma plum, star anise and roasted quince notes while the Worcestershire sauce, squid ink, corned beef and peppercorn notes were delivered from McLaren Vale fruit. The wine was matured for 18 months in American oak hogsheads. (100 percent new) - More reviews next week.
7NEWS
5 days ago
- 7NEWS
Billion-dollar deal takes University of Queensland's vaccine tech to the world
The University of Queensland's revolutionary Molecular Clamp technology which promises to fast-track vaccine development against future pandemics has caught the attention of international biopharma company Sanofi. The French pharma giant has agreed to acquire the biotech company holding the rights to the breakthrough. Under the eye-watering deal, worth up to $US1.6 billion ($A2.44 billion), Sanofi will purchase Vicebio, the company licensing UQ's cutting-edge technology for commercial use. Sanofi announced that the acquisition brings an early-stage combination vaccine candidate for respiratory syncytial virus (RSV) and human metapneumovirus (hMPV), both respiratory viruses currently significantly impacting global health. 'Vicebio's Molecular Clamp technology introduces a purposefully simple but thoughtful approach to further improve vaccine designs at a time when respiratory viral infections continue to impact millions globally,' Sanofi global head of vaccine research and development Jean-Francois Toussaint said. The next-generation combination vaccine has the potential to protect older adults with a single immunisation against multiple respiratory viruses, he said. UQ Vice-Chancellor Professor Deborah Terry described the acquisition as extraordinary validation of Australian research excellence. 'This validates 12 years of UQ research and pays tribute to our dedicated scientists who invented this patented technology,' Terry said. The Molecular Clamp platform burst onto the global stage during the early days of COVID-19, when international health organisation CEPI called on UQ to develop a vaccine candidate using the innovative approach. Lead researcher Professor Keith Chappell said the technology's unique design could revolutionise how quickly vaccines are developed to combat emerging viruses. 'This facilitates efficient development of multi-pathogen vaccines that will protect vulnerable populations against common viruses causing severe respiratory diseases,' Chappell explained. The platform remains crucial for pandemic preparedness, with UQ continuing research partnerships with CEPI to stay ahead of future health threats. European life sciences investor Medicxi-backed Vicebio holds commercial rights to the technology, while UQ maintains a stake through its commercialisation arm UniQuest. Sanofi's deal includes an immediate $US1.15 billion payment to Vicebio shareholders, with potential milestone payments reaching $US450 million pending regulatory approvals. The success adds to UQ's impressive track record of turning laboratory discoveries into global commercial wins. The university boasts more than 360 US patents and has launched more than 130 start-ups from its research. Previous UQ breakthroughs include licensing the cervical cancer vaccine Gardasil and successful sales of biotech firms Spinifex Pharmaceuticals and Inflazome. 'This deal highlights the strength of Australia's innovation ecosystem and world-class research emerging from our universities,' Terry said. Sanofi, headquartered in Paris, has a distinguished vaccine history as the first company to supply an injectable polio vaccine and pioneer vaccines for influenza, meningitis and rabies.
The Advertiser
5 days ago
- The Advertiser
Peugeot, Ram parent posts A$4.1 billion loss, forecasts more tariff trouble
Stellantis, the parent company of Peugeot, Citroen, Opel, Fiat, Jeep, Ram, Dodge and many others, has posted a €2.3 billion (A$4.1 billion) loss for the first half of 2025. In the same period last year, the company €5.6 billion (A$10 billion). The automaker released unaudited financial and vehicle shipment numbers this week ahead of a call with investors at the end of the month. The numbers include €3.3 billion ($5.9 billion) in charges relating to restructuring and cancelled model programs, including its recent axing of hydrogen fuel-cell development, investments in hybrid for Europe, and returning the Hemi V8 to the Ram pickup range. CarExpert can save you thousands on a new car. Click here to get a great deal. In a letter to employees seen by Reuters, CEO Antonio Filosa said 2025 would be "a year of gradual and sustainable improvement". He noted the first half of the year was "tough", and warned there would be "increasing external headwinds". According to the company, tariff uncertainty caused by President Trump cost the company around €300 million (A$530 million) in the first half. Doug Ostermann, the automaker's chief financial officer, told analysts and Reuters tariffs are expected to cost the company between €1 and €1.5 billion (A$1.8 to A$2.7 billion) this year. These figures show new CEO Antonio Filosa has a lot of work to do to right the French-Italian-American automaker. That said, front-loading as much of the bad news and numbers into this half will give the CEO more room to make changes and to paint any upswing in a more positive light. Vehicle shipments — which are cars invoiced to dealers, importers and buyers — dropped 90,000 or 6.0 per cent compared to the same time last year. The biggest fall occurred in North America where shipments dropped 109,000 units or 25 per cent to 322,000 vehicles. Stellantis said this was partially due to reduced manufacturing and imports due to tariff concerns, as well as lower fleet sales. It was keen to point out Jeep and Ram sales were up 13 per cent collectively. In Europe shipments fell 50,000 vehicles or 6.0 per cent to 722,000, with the automaker citing "product transition" as the reason. It notes that production is still ramping up of the Citroen C3, C3 Aircross, Fiat Grande Panda, and Opel Frontera, which are all based on the Smart Car platform. Also, the Fiat 500 (above) has lost its Italian sales crown as production of the petrol-powered second-generation model has stopped due to the EU's cybersecurity legislation. Fiat has reworked the third-generation 500, launched as an EV-only model, to accept a mild hybrid drivetrain, but volume production won't begin until next year. Strong growth elsewhere helped to mitigate the losses in Europe and North America. South America, where Stellantis is a market leader, was up 20 per cent to 260,000 cars thanks to demand in Brazil and Argentina. The Middle East and Africa was up 30 per cent to 125,000 units on the back of good numbers in Turkey. Maserati, though, was down 7000 units or 22 per cent to just 2500 vehicle shipments. This will no doubt fuel more rumours about its potential sale. Content originally sourced from: Stellantis, the parent company of Peugeot, Citroen, Opel, Fiat, Jeep, Ram, Dodge and many others, has posted a €2.3 billion (A$4.1 billion) loss for the first half of 2025. In the same period last year, the company €5.6 billion (A$10 billion). The automaker released unaudited financial and vehicle shipment numbers this week ahead of a call with investors at the end of the month. The numbers include €3.3 billion ($5.9 billion) in charges relating to restructuring and cancelled model programs, including its recent axing of hydrogen fuel-cell development, investments in hybrid for Europe, and returning the Hemi V8 to the Ram pickup range. CarExpert can save you thousands on a new car. Click here to get a great deal. In a letter to employees seen by Reuters, CEO Antonio Filosa said 2025 would be "a year of gradual and sustainable improvement". He noted the first half of the year was "tough", and warned there would be "increasing external headwinds". According to the company, tariff uncertainty caused by President Trump cost the company around €300 million (A$530 million) in the first half. Doug Ostermann, the automaker's chief financial officer, told analysts and Reuters tariffs are expected to cost the company between €1 and €1.5 billion (A$1.8 to A$2.7 billion) this year. These figures show new CEO Antonio Filosa has a lot of work to do to right the French-Italian-American automaker. That said, front-loading as much of the bad news and numbers into this half will give the CEO more room to make changes and to paint any upswing in a more positive light. Vehicle shipments — which are cars invoiced to dealers, importers and buyers — dropped 90,000 or 6.0 per cent compared to the same time last year. The biggest fall occurred in North America where shipments dropped 109,000 units or 25 per cent to 322,000 vehicles. Stellantis said this was partially due to reduced manufacturing and imports due to tariff concerns, as well as lower fleet sales. It was keen to point out Jeep and Ram sales were up 13 per cent collectively. In Europe shipments fell 50,000 vehicles or 6.0 per cent to 722,000, with the automaker citing "product transition" as the reason. It notes that production is still ramping up of the Citroen C3, C3 Aircross, Fiat Grande Panda, and Opel Frontera, which are all based on the Smart Car platform. Also, the Fiat 500 (above) has lost its Italian sales crown as production of the petrol-powered second-generation model has stopped due to the EU's cybersecurity legislation. Fiat has reworked the third-generation 500, launched as an EV-only model, to accept a mild hybrid drivetrain, but volume production won't begin until next year. Strong growth elsewhere helped to mitigate the losses in Europe and North America. South America, where Stellantis is a market leader, was up 20 per cent to 260,000 cars thanks to demand in Brazil and Argentina. The Middle East and Africa was up 30 per cent to 125,000 units on the back of good numbers in Turkey. Maserati, though, was down 7000 units or 22 per cent to just 2500 vehicle shipments. This will no doubt fuel more rumours about its potential sale. Content originally sourced from: Stellantis, the parent company of Peugeot, Citroen, Opel, Fiat, Jeep, Ram, Dodge and many others, has posted a €2.3 billion (A$4.1 billion) loss for the first half of 2025. In the same period last year, the company €5.6 billion (A$10 billion). The automaker released unaudited financial and vehicle shipment numbers this week ahead of a call with investors at the end of the month. The numbers include €3.3 billion ($5.9 billion) in charges relating to restructuring and cancelled model programs, including its recent axing of hydrogen fuel-cell development, investments in hybrid for Europe, and returning the Hemi V8 to the Ram pickup range. CarExpert can save you thousands on a new car. Click here to get a great deal. In a letter to employees seen by Reuters, CEO Antonio Filosa said 2025 would be "a year of gradual and sustainable improvement". He noted the first half of the year was "tough", and warned there would be "increasing external headwinds". According to the company, tariff uncertainty caused by President Trump cost the company around €300 million (A$530 million) in the first half. Doug Ostermann, the automaker's chief financial officer, told analysts and Reuters tariffs are expected to cost the company between €1 and €1.5 billion (A$1.8 to A$2.7 billion) this year. These figures show new CEO Antonio Filosa has a lot of work to do to right the French-Italian-American automaker. That said, front-loading as much of the bad news and numbers into this half will give the CEO more room to make changes and to paint any upswing in a more positive light. Vehicle shipments — which are cars invoiced to dealers, importers and buyers — dropped 90,000 or 6.0 per cent compared to the same time last year. The biggest fall occurred in North America where shipments dropped 109,000 units or 25 per cent to 322,000 vehicles. Stellantis said this was partially due to reduced manufacturing and imports due to tariff concerns, as well as lower fleet sales. It was keen to point out Jeep and Ram sales were up 13 per cent collectively. In Europe shipments fell 50,000 vehicles or 6.0 per cent to 722,000, with the automaker citing "product transition" as the reason. It notes that production is still ramping up of the Citroen C3, C3 Aircross, Fiat Grande Panda, and Opel Frontera, which are all based on the Smart Car platform. Also, the Fiat 500 (above) has lost its Italian sales crown as production of the petrol-powered second-generation model has stopped due to the EU's cybersecurity legislation. Fiat has reworked the third-generation 500, launched as an EV-only model, to accept a mild hybrid drivetrain, but volume production won't begin until next year. Strong growth elsewhere helped to mitigate the losses in Europe and North America. South America, where Stellantis is a market leader, was up 20 per cent to 260,000 cars thanks to demand in Brazil and Argentina. The Middle East and Africa was up 30 per cent to 125,000 units on the back of good numbers in Turkey. Maserati, though, was down 7000 units or 22 per cent to just 2500 vehicle shipments. This will no doubt fuel more rumours about its potential sale. Content originally sourced from: Stellantis, the parent company of Peugeot, Citroen, Opel, Fiat, Jeep, Ram, Dodge and many others, has posted a €2.3 billion (A$4.1 billion) loss for the first half of 2025. In the same period last year, the company €5.6 billion (A$10 billion). The automaker released unaudited financial and vehicle shipment numbers this week ahead of a call with investors at the end of the month. The numbers include €3.3 billion ($5.9 billion) in charges relating to restructuring and cancelled model programs, including its recent axing of hydrogen fuel-cell development, investments in hybrid for Europe, and returning the Hemi V8 to the Ram pickup range. CarExpert can save you thousands on a new car. Click here to get a great deal. In a letter to employees seen by Reuters, CEO Antonio Filosa said 2025 would be "a year of gradual and sustainable improvement". He noted the first half of the year was "tough", and warned there would be "increasing external headwinds". According to the company, tariff uncertainty caused by President Trump cost the company around €300 million (A$530 million) in the first half. Doug Ostermann, the automaker's chief financial officer, told analysts and Reuters tariffs are expected to cost the company between €1 and €1.5 billion (A$1.8 to A$2.7 billion) this year. These figures show new CEO Antonio Filosa has a lot of work to do to right the French-Italian-American automaker. That said, front-loading as much of the bad news and numbers into this half will give the CEO more room to make changes and to paint any upswing in a more positive light. Vehicle shipments — which are cars invoiced to dealers, importers and buyers — dropped 90,000 or 6.0 per cent compared to the same time last year. The biggest fall occurred in North America where shipments dropped 109,000 units or 25 per cent to 322,000 vehicles. Stellantis said this was partially due to reduced manufacturing and imports due to tariff concerns, as well as lower fleet sales. It was keen to point out Jeep and Ram sales were up 13 per cent collectively. In Europe shipments fell 50,000 vehicles or 6.0 per cent to 722,000, with the automaker citing "product transition" as the reason. It notes that production is still ramping up of the Citroen C3, C3 Aircross, Fiat Grande Panda, and Opel Frontera, which are all based on the Smart Car platform. Also, the Fiat 500 (above) has lost its Italian sales crown as production of the petrol-powered second-generation model has stopped due to the EU's cybersecurity legislation. Fiat has reworked the third-generation 500, launched as an EV-only model, to accept a mild hybrid drivetrain, but volume production won't begin until next year. Strong growth elsewhere helped to mitigate the losses in Europe and North America. South America, where Stellantis is a market leader, was up 20 per cent to 260,000 cars thanks to demand in Brazil and Argentina. The Middle East and Africa was up 30 per cent to 125,000 units on the back of good numbers in Turkey. Maserati, though, was down 7000 units or 22 per cent to just 2500 vehicle shipments. This will no doubt fuel more rumours about its potential sale. Content originally sourced from:
