Tyro Payments confirmed yesterday that they are in preliminary discussions with Westpac for a potential takeover and also hinted at the fact that they have been approached by several other parties.

Despite the rate of slowdowns and lockdowns in China in particular, one of Australia’s most iconic wine brands Penfolds the company is still seeing continual growth for those wines in particular with the Penfolds managing director Tom King said consumer demand was “significantly ahead” of supply.