Business

Nicholas Moore, the CEO of Macquarie Group, which is mulling whether to move offshore.

If it walks like a bank, it is probably Macquarie

Macquarie argues it is too small to be hit with the bank levy – ignoring the fact that no bank has profited more from government support that the bank dubbed the vampire kangaroo by the UK press.

Illustration: John Shakespeare

The new strategy from Bellamy's Australia boss

It says plenty about the mess at organic formula vendor, Bellamy's Australia, that almost half the cash raised from its $60.4 million entitlement offer will be used to pay off its partner Fonterra.