Broadpectrum should've taken the $1 billion bait
The Australian company running our detention centres refused a takeover offer a year ago; now it may have to sell for much less.
Stock Ticker
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- AIO ASCIANO LIMITED 0.00%
- AMC AMCOR LIMITED 0.00%
- AMP AMP LIMITED -0.34%
- ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 0.59%
- APA APA GROUP 0.36%
- ASX ASX LIMITED 0.10%
- AZJ AURIZON HOLDINGS LIMITED -0.37%
- BHP BHP BILLITON LIMITED 0.34%
- BXB BRAMBLES LIMITED 0.46%
- CBA COMMONWEALTH BANK OF AUSTRALIA. 0.36%
- CCL COCA-COLA AMATIL LIMITED -1.78%
- CPU COMPUTERSHARE LIMITED. 0.09%
- CSL CSL LIMITED 0.28%
- CTX CALTEX AUSTRALIA LIMITED -0.82%
- CWN CROWN RESORTS LIMITED 0.99%
- DXS DEXUS PROPERTY GROUP 1.05%
- GMG GOODMAN GROUP 0.66%
- GPT GPT GROUP 0.86%
- IAG INSURANCE AUSTRALIA GROUP LIMITED 1.42%
- IPL INCITEC PIVOT LIMITED 3.48%
- JHX JAMES HARDIE INDUSTRIES PLC 2.06%
- LLC LENDLEASE GROUP 2.02%
- MGR MIRVAC GROUP 1.08%
- MPL MEDIBANK PRIVATE LIMITED -2.19%
- MQG MACQUARIE GROUP LIMITED 0.67%
- NAB NATIONAL AUSTRALIA BANK LIMITED -0.17%
- NCM NEWCREST MINING LIMITED 2.92%
- ORG ORIGIN ENERGY LIMITED -5.54%
- ORI ORICA LIMITED 1.17%
- OSH OIL SEARCH LIMITED -5.41%
- QBE QBE INSURANCE GROUP LIMITED 0.32%
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- STO SANTOS LIMITED -9.93%
- SUN SUNCORP GROUP LIMITED 0.82%
- SYD SYDNEY AIRPORT -1.27%
- TCL TRANSURBAN GROUP 0.30%
- TLS TELSTRA CORPORATION LIMITED. -1.66%
- VCX VICINITY CENTRES 1.83%
- WBC WESTPAC BANKING CORPORATION 0.68%
- WES WESFARMERS LIMITED -0.10%
- WFD WESTFIELD CORPORATION 0.42%
- WOW WOOLWORTHS LIMITED -0.50%
- WPL WOODSIDE PETROLEUM LIMITED -3.68%
Key Stories
Do you think you're making a difference?
Divesting from fossil fuels companies to make a statement is futile, says ICMM chief Tom Butler.
Dick Smith not surprised shares bombed
"You don't need to be very bright to realise that a company worth $90 million one moment is unlikely to be worth $500 million 12 months later."
Why Australians are gambling more
Australia's great love affair with gambling shows no sign of levelling off.
ASX slips on oil as energy stocks kill rally
An early sharemarket rally turned into a fizzer, dragged down by energy stocks amid a free falling oil price.
LNG in 'far worse' state than oil
The crude oil market is seen as being in dire straits, but liquefied natural gas is much worse, according to experts.
More wealth than half the US combined
America's wealthiest 20 people own more wealth than the bottom half of the country's population - about 152 million people - combined.
- Comment & Analysis Want innovation? Think big
- Retail IGA site sets benchmark for independents
- Markets Opinion OPEC 'dead' as oil countries go it alone
- Entrepreneur Government to save startups from 'Valley of Death'
- Markets McGrath shares drop on debut
Market Indices
Last updated: December 7, 2015 - 7:36PM
Last updated: December 7, 2015 - 7:36PM
Last updated: December 7, 2015 - 7:36PM
Last updated: December 7, 2015 - 7:36PM
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In Depth
Uber to offer loans
Uber is partnering with peer-to-peer lender SocietyOne, backed by James Packer, Lachlan Murdoch and Ryan Stokes.
Disney feels weight of The Force
In 10 days Disney will release its first film in the new Star Wars trilogy; The Force Awakens.
'Adapt or die' for Hollywood
Netflix, Amazon and Hulu give creators more options, House of Cards producer Dana Brunetti says.
Workplace
'That would put a lot of females off'
With only 10 per cent women in her industry, Desiree faces a "cultural problem".
Markets
Consumer sentiment still weighed down by wages, markets
Retailers banking on a busy Christmas might be a little underwhelmed by consumers' Scrooge-like behaviour at times, says Barclays, but the purse-strings are loosening.
Yuan depreciation will drag down $A
The fortunes of the yuan, China's currency, and not commodity prices will have more to say about the Australian dollar's value next year, says Societe Generale.
Markets Live: ASX low on fuel
Live
An early rally on the ASX sputtered as energy shares weighed.
- Is the tide turning for high-yield blue chips?
- Emerging markets debt sales sink 98pc
- ECB head defends stimulus package after market backlash
- Three things to watch on markets this week
- need2know: ASX to open higher
- ASX set to rise but commodities under pressure from China
- Volatile week for US ends in draw
- Emerging market currency support curbs bonds
Search Quotes & Charts
The Economy
Consumer sentiment still weighed down by wages, markets
Retailers banking on a busy Christmas might be a little underwhelmed by consumers' Scrooge-like behaviour at times, says Barclays, but the purse-strings are loosening.
Lethargy has struck services exports
After two years of high achievement against the odds, something strange has happened with our services exports.
Retail
Kmart boss reveals Big W hit list
Kmart boss Guy Russo plans to double the size of the discount department store business within seven years and he's picked out at least 50 Big W stores to drive revenue to $10 billion.
The exact moment online shopping will peak this Christmas
Shoppers are increasingly planning to buy most of their Christmas gifts before December but are failing to do so, with deep discounts and easy mobile shopping proving hard to resist.
Banking & Finance
CBA to close institutional equities after alliance with Goldman
CBA is shutting its institutional equities business after announcing an alliance with investment bank Goldman Sachs, which will provide CommSec and CBA private banking clients with market research.
Indigenous groups get investment ready
APN Cape York chairman Bruce Martin is looking for investors in a new prawn farm the group wants to build on its land in Cape York.
Mining & Resources
Malaysian surge keeps ABX on dry land
Aspiring exporter Australian Bauxite Limited (ABX) has clarified the real reason its maiden shipment from its first mine in Tasmania has been delayed.
Whitehelm targets 'overlooked' mid-cap infrastructure
Whitehelm Capital is eyeing further mid-cap infrastructure assets in Australia and overseas, after advising three investors of the acquisition of 49.9 per cent of the Worsley cogeneration power plant in Western Australia.
World Business
ECB head defends stimulus package after market backlash
President Mario Draghi is confident the measures unveiled will help bring inflation back to the ECB's target.
Australia backs target of limiting warming to 1.5 degrees under trade-off deal in Paris
Australia will "strongly support" a goal of limiting global warming to 1.5 degrees in return for support for favourable carbon accounting.
China
Solar chief hits out at China over coal at Paris launch of global solar pact
The head of one of the world's biggest solar companies has accused China of embarking on a "mindboggling" binge on new coal-fired power plants, undermining its commitment to roll back fossil fuel use.
A page from Mao's little red book
Millions of Chinese people find themselves priced out of the big cities and are rejecting the consumer trappings of a modern lifestyle.
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Property Focus
Just another way of saying small business?
We constantly see claims made by professional advisers in many sectors claiming to be independent. This is portrayed as an important advantage for their clients.
Kensington on track for more growth
The planned south east light rail project is forecast to attract investors and residents to the area around Kensington and Randwick, which are already high-sought after locations.
No slowing down for Sydney’s western market
Growing demand for Sydney's western districts has led to Frasers Property Australia being able to complete the four-hectare Rhodes Corporate Park.
Rise and rise of Walker Corp fortunes
Mirvac could spin off residential
Mirvac could spin off half its residential business to create shareholder value, according to analysts.
Executive Style
At Christmas we're a cancellation nation
You said yes to every invitation, so how do you wiggle out of attending it all?
Money
Hunt for income in the new economy
Colin is earning $50,000 by using his car as an UberX taxi 10 days a month to help his adult daughter buy a property.
An offer too good to take up
There'll be a rush for Macquarie's new capital notes paying 7.5 per cent but if you miss out you might have the last laugh.
Small Business
A 'vague' Innovation Statement
A 3D bike-printing start-up is exactly the sort of business the Prime Minister's Innovation Statement should be aimed at.
Saving startups from 'Valley of Death'
A suite of new tax incentives by the Turbull government aim to increase investments in startups.
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Comment & Analysis
Broken public service leads to broken governance
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Lawyers the likely winners of tax avoidance bill
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How big stocks dragged us down
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