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IFM, AustralianSuper lob bid for Ausgrid

SMH News story by, Matt O'Sullivan. Story: Premier Mike Baird and Minister for Transport and Infrastructure Andrew ...

street talk

IFM Investors and AustralianSuper have made an unsolicited approach to buy NSW's electricity network company, Ausgrid. The bid could short-circuit an auction now underway for the $10b asset.

Glenn Rosewall from BBY leaves the Supreme Court during a lunch break on September 21.

'I did not move the money myself'

58 mins ago

BBY chairman Glenn Rosewall had no idea how $1.8 million was withdrawn from his super to cover a client shortfall, a court has heard.

Contains:
Infographics

Pitches for Perpetual Guardian's mooted IPO are due at the end of the month.

'No apologies' for market closure, ASX says

1 hr ago

The ASX has revealed what went wrong on Monday, its most serious incident in five years.

Contains:
Video

Hedge funds are targeting retail investors, arguing the All Ordinaries in a low return environment is a riskier option.

Hedge funds target retail investors

1 hr ago

Hedge funds are targeting retail investors who have crowded into the sharemarket under the 'there is no alternative' premise.

SYDNEY, AUSTRALIA - SEPTEMBER 17: Property auction at 6/166 Queen Street Woollahra on September 17, 2016 in Sydney, ...

The RBA gets housing wrong, again

The RBA cut interest rates saying the housing market had cooled but the best data shows capital gains have only gathered pace over the past three months.