Latest
Ex-CEO claims ‘stitch-up’ amid $1m expense probe
Smash repairer AMA’s ousted chief executive, who faces a lawsuit over expense and overpayment claims, argues he was not offered a fair chance to confront allegations.
- Liam Walsh
UK fraud agency opens probe into Sanjeev Gupta’s GFG Alliance
The Serious Fraud Office will investigate suspected fraud, fraudulent trading and money laundering in GFG’s financing arrangements.
- Hans van Leeuwen
ABC wins defamation case over racehorse cruelty
Racing NSW boss Peter V’landys has failed in an attempt to sue the ABC and Caro Meldrum-Hanna over his portrayal in a 7.30 segment on cruelty to former racehorses.
- Max Mason
Crown keeps data tight, prepares for Victorian royal commission
Crown Resort’s chairman Helen Coonan has not heeded calls from one of the largest shareholders in the troubled $8.6 billion casino operator to kick off the formal sale process and open the books to its three suitors.
- Elouise Fowler
Accused banks get small victory in cartel case
The three investment banks defending a landmark competition law case have won the right to look at the ‘first accounts’ of their alleged cartel conduct.
- Hannah Wootton
Tinkler vows to fight claim on Coffs Harbour house
A former business partner turned creditor of Nathan Tinkler has moved to claim and sell a luxury property in Coffs Harbour.
- Updated
- Peter Ker
Opinion & Analysis
Perpetual urges Crown to begin sale process
Crown Resorts chairman Helen Coonan has successfully deflected a number of proposals to sell the casino business, without making a commitment. Shareholders are frustrated.
Columnist
Orica still feeling COVID-19 aftershocks
The scars of COVID-19 are everywhere in Orica’s first-half result, but new CEO Sanjeev Gandhi sees lights in the gloom.
Columnist
Plan to turn Penfolds into Gucci starts at home
Treasury Wine Estates wants to turn Penfolds into a global luxury brand. First it needs to win more customers at home.
Columnist
Law firm leaders fail on fun, fame and fortune
There is a leadership deficit in most Australian legal organisations – at a major cost to employees and firms.
Contributor
Companies in the News
Crown Resorts
National Australia Bank
The Star Entertainment Group
Carsales.com
Updated: May 14, 2021 – 5.05pm. Data is 20 mins delayed.
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Featured
- Analysis
- Online trading
Can lower fees help lift AMP’s faded fortunes?
The wealth giant has attempted a loss-leading tactic in the $840 billion platform market. But price drops alone won’t win the battle for financial adviser hearts and minds.
- Aleks Vickovich
- Analysis
- Property market
How Australia’s property obsession warps the economy
With mortgagees now leveraged more than they have ever been, Australia is left with little room to move when economic conditions change.
- Karen Maley
- Investigation
- Workplace
KPMG fired staff over drunken ‘boys’ night out’ at strip clubs
The firm investigated the behaviour in 2018 after being alerted to a video invitation sent to 80 male employees ranging from interns to directors in the Private Enterprise division.
- Hannah Wootton and Edmund Tadros
Yesterday
This company thinks it can solve unemployment
Like Elon Musk, this founder wants his business to be seen as a financial proposition – because if investors keep getting good returns, the ability to scale up and solve social problems is meaningful.
- Jemima Whyte
How the boom bypassed iron ore’s poor cousin in Queensland
The Queensland coal towns that helped Scott Morrison to election victory in 2019 are missing out on the global steel boom – and rightly or wrongly, many blame BHP.
- Peter Ker
Carsales.com shortfall auction clears at $18 a share
Brokers Morgan Stanley and Goldman Sachs have sold the 5.8 million Carsales.com shares that were left over from the institutional portion of the company’s rights issue.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Gas pipelines in urgent review of defences after Colonial hack
Reverting to analogue systems as a fall-back in the event of a cyberattack on pipelines is only a short-term solution, hence the focus on risk detection and mitigation.
- Angela Macdonald-Smith
Retailers will need some wooing in Penfolds charm drive
Some independent retailers say customers moved on from chasing Penfolds Grange in Australia after much of it went to China.
- Simon Evans
Beer giant Lion on prowl for new CEO
It’s last drinks for Stuart Irvine, who steps down as boss of the owner of brands including XXXX Gold, Tooheys and West End.
- Updated
- Simon Evans
Declining gas a bigger threat to LNG exports than China
Chinese threats might grab the headlines, but falling gas supplies pose the bigger risk to Australia’s LNG export trade, according to research firm EnergyQuest.
- Angela Macdonald-Smith
Thorburn’s For Purpose to raise a $250m fund to invest in aged care
For Purpose Investment Partners, run by the former NAB CEO and Michael Traill, says the budget’s social spending is an opportunity to extend ‘Capitalism 2.0’.
- James Eyers
BHP’s big potash neighbour just got friendlier
As BHP mulls its biggest spending decision in 10 years, could the shock exit of the company’s loudest potash critic trigger a last-minute co-operation pact?
- Updated
- Peter Ker
Citi’s head of resources heads for exit
Citi managing director and head of resources Richard Saywell is on the move.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Barrenjoey seals more small caps hires
There’s a few more fresh faces heading to fast-growing investment banking start-up Barrenjoey Capital Partners.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Industry fund-owned Colonial Pipeline paid $6.5m ransom
Colonial Pipeline, part-owned by IFM Investors, reportedly paid a ransom of $6.5 million in cryptocurrency to restart the crippled US oil pipeline.
- Michael Roddan and Max Mason
‘Urgency’ behind Cameron’s Greensill lobbying blitz
David Cameron says he raised concerns about Greensill’s vulnerabilities before its collapse, but he was reassured.
- Hans van Leeuwen
Sanjeev Gupta bails out of ailing Wyelands Bank
The embattled metals magnate’s in-house financial institution has fallen victim to his need to pare back his empire after Greensill Capital’s collapse.
- Hans van Leeuwen
This Month
Cobram Estate olive oil-owner cooks up $500 million float plans
Food products manufacturer Boundary Bend is oiling up its corporate machinery for a run at the ASX bourse.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Aussie fund makes late play for AMP Capital’s fixed income
There’s a left-field offer for AMP Ltd’s up-for-sale public markets business.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
- Opinion
- Chanticleer
Perpetual urges Crown to begin sale process
Crown Resorts chairman Helen Coonan has successfully deflected a number of proposals to sell the casino business, without making a commitment. Shareholders are frustrated.
- Tony Boyd
Local wealth manager blasts foreigner licence exemption
Perth financial planner and Liberal Party member Steve Blizard says allowing firms to operate in Australia without a licence creates an “uneven playing field”.
- Aleks Vickovich
Crown’s Sydney Casino to open by October, go cashless
Crown Resorts has agreed to ban cash from its new Sydney casino to stymie criminals from money laundering on its gaming tables and pokies, and The Star will follow suit.
- Updated
- Elouise Fowler
