Start-ups move into banks’ natural habitat
At this week’s World Economic Forum in Davos, international consulting firm Oliver Wyman launched its 17th annual report on the state of the financial services industry.
Is it time for BlackRock to reconsider Blackstone?
Jeffrey Goldfarb | Blackstone’s assets under management are only 6 per cent of BlackRock’s, yet it probably generated the same amount of profit last year. That has to make private equity tempting for BlackRock.
A first step to ESS tax relief for start-ups
The start-up and venture capital industries are hoping a government consultation on employee share scheme laws will result in tax changes that will encourage entrepreneurs to work in Australian technology companies.
Lion has no plans to sell Warrnambool stake
Lion, owned by Japanese dairy and beer giant Kirin, says it has ‘no current intention’ to sell its 10 per cent stake in Victorian dairy processor Warrnambool Cheese & Butter.
JPMorgan bankers learn there’s no bonus this year
JPMorgan Chase is telling employees this week about their 2013 bonuses, and most workers are not getting pay increases for the year thanks to the bank’s massive legal bills, an insider said.
Stars start to align for Macquarie’s Moore
Expect a rather ebullient Nicholas Moore, Macquarie Group’s chief executive, when he gives an operational briefing on February 11.
Aussie shares shaky in '14
The dollar's falling, but shorting our stock market is still UBS's favourite play, with better opportunities overseas.
M&A
| Pos | Name | Value ($m) | No | % share |
| 1 | Gresham Partners Group Ltd | 408 | 1 | 16.7 |
| 1 | Goldman Sachs | 408 | 1 | 16.7 |
| 3 | Leonardo & Co | 190 | 1 | 7.8 |
ECM
| Pos | Name | Value ($m) | No | % share |
| 1 | UBS | 89 | 1 | 34.0 |
| 2 | RBC Capital Markets | 88 | 1 | 33.4 |
| 3 | Morgans Financial Ltd | 47 | 1 | 17.8 |
DCM
| Pos | Name | Value ($m) | No | % share |
| 1 | RBC Capital Markets | 590 | 5 | 16.0 |
| 2 | ANZ | 489 | 4 | 13.3 |
| 3 | TD Securities Inc | 474 | 4 | 12.9 |
Syndicated Loans
| Pos | Name | Value ($m) | No | % share |
| 1 | ANZ | 333 | 1 | 100.0 |
| Subtotal | 333 | 1 | 100.0 | |
| Total | 333 | 1 | 100.0 |
Latest ASX takeover announcements
| HRR | 24/01/14 | Golden Cross EGM |
| GES | 24/01/14 | Takeover Bid Implementation Deed with Blumont Group Ltd |
| GES | 24/01/14 |
Proposed Takeover Bid for Genesis Resources Limited
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| TFS | 24/01/14 | No Change to Independent Expert's Valuation |
| ELM | 23/01/14 |
Variation of Takeover Bid
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| EPY | 23/01/14 |
Supplementary Target's Statement
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| CLR | 23/01/14 |
First Supplementary Target's Statement
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| TIG | 23/01/14 | Changes to the proposed capital raising package |
| WCB | 23/01/14 |
Murray Goulburn to Withdraw WCB Offer and Accept Saputo's
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| GLY | 23/01/14 |
Fourth Supplementary Bidder's Statement
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Murray Goulburn: benefits outweigh anti-competitive concerns
In its crucial submission to the competition regulator, Murray Goulburn argues its $9.50 a share takeover bid for Warrnambool Cheese & Butter will improve milk price payments to farmers and boost the value of its exports.
JPMorgan, Deutsche extend chatroom bans: sources
JPMorgan Chase and Deutsche Bank are extending bans on the use of multi-dealer online chatrooms, sources say, as banks crack down on potentially inappropriate communications.
Lloyds Bank appoints Blackwell new chairman
The Lloyds Banking Group said that Norman Blackwell would become its chairman next year, succeeding Winfried Bischoff, who is scheduled to retire in April.
Latest ASX capital announcements
| GOL | 24/01/14 | Appendix 3B |
| KRB | 24/01/14 |
Bonus Options Offer
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| SYR | 24/01/14 | Section 708A Cleansing Notice and Appendix 3B |
| CXB | 24/01/14 |
Private Placement & Appendix 3B
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| SLF | 24/01/14 | Daily Fund Update |
| SPX | 24/01/14 | Appendix 3B |
| PSC | 24/01/14 | Disclosure - Listing Rule 3.10.5A |
| PRR | 24/01/14 | Appendix 3B |
| SNY | 24/01/14 | Appendix 3B |
| IMC | 24/01/14 | Letter to Immuron Shareholders - Rights Issue |
Block trades hit five-year high
Few deals are riskier for equity capital markets bankers than a block trade. But with placements thin on the ground this year, block trades were the main game for firms to dominate the all-important league tables
The mammoth listed fund battle
It took an hour long meeting in Bacino’s, one of Mosman’s most popular cafes, to jolt forward the largest takeover in Australia’s listed real estate space since 2007.
All toll roads lead to the same place
Inside the deal | How the deal for bankrupt Brisbane toll road, the Clem7 tunnel, unfolded, ending in Queensland Motorways $618 million purchase.
