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Crown spent $2.5b on marketing, $1.9m on problem gamblers
Responsible gambling is a central issue in the royal commission looking into Crown’s suitability to hold Victoria’s sole casino licence.
- Elouise Fowler
Taxpayers prop up Genex Power’s pumped hydro project
Genex Power’s Kidston pumped hydro project is loved by the clean energy sector, but it’s been taxpayers dollars that have helped it across the line.
- Mark Ludlow and Angela Macdonald-Smith
Ben Roberts-Smith concerned about ex-wife’s access to emails
Mr Roberts-Smith launched a legal action against his ex-wife, Emma Roberts, ahead of his defamation battle with Nine.
- Max Mason
Oil and gas set to deliver profitable last gasp
Rapidly escalating ESG concerns are among factors that have rapidly shrunk capital available for oil investment worldwide, pointing to higher prices as demand continues.
- Updated
- Angela Macdonald-Smith
Rio’s Indigenous trailblazer accuses green groups of exploitation
Former WA treasurer Ben Wyatt has blasted conservationists and activist investor groups he says are trying to exploit Aboriginal culture for their own agendas.
- Brad Thompson
The Harris Farm brothers are looking to turbocharge growth
After years of knocking back offers, Angus, Luke and Tristan Harris are looking for a capital injection to double their stores across the country.
- Jemima Whyte
Opinion & Analysis
Three in four insider traders get away with it
Insider trading is an insidious illegal activity that saps investor confidence in free and fair markets. A new study finds it is much worse than prosecutions would suggest.
Columnist
Investors should Reject back-to-normal narrative
The Reject Shop’s profit downgrade is a warning to investors who believe we are through the fog of the pandemic.
Columnist
Wesfarmers CEO proves his worth
Just over three years since Rob Scott took the reins, his track record is best in class. Now all eyes are on how he uses the company’s pristine balance sheet.
Columnist
Cartel case offers lessons for ACCC on banks blockbuster
The cartel case involving ANZ, Deutsche Bank and Citi could be in big trouble after this week’s Country Care misfire.
Legal editor
Companies in the News
Commonwealth Bank
Macquarie Group
National Australia Bank
Updated: Jun 4, 2021 – 4.38pm. Data is 20 mins delayed.
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Featured
The secret stoushes of a machinist-turned-millionaire
Mining chairman Craig Ransley has made millions and fought off criminal charges. But one little-known fight saw his own board hire PwC to investigate.
- Updated
- Liam Walsh
Pandemic high-flyer Ansell looks over the horizon
Demand for medical gloves and protective suits has skyrocketed, but what happens when the pandemic starts to fade?
- Simon Evans
- Investigation
- Crime
Google promotes bond scam amid police probe
Newly-established fraudulent websites are being unwittingly promoted by Google to unsuspecting investors, who have lost millions through a sophisticated scam.
- Michael Roddan and Jonathan Shapiro
Yesterday
- Opinion
- Chanticleer
Three in four insider traders get away with it
Insider trading is an insidious illegal activity that saps investor confidence in free and fair markets. A new study finds it is much worse than prosecutions would suggest.
- Tony Boyd
Directors’ club whacks proxy ‘oligopoly’
The Australian Institute of Company Directors hits out at the ‘high market concentration’ of proxy advisers but knocks back Treasury’s proposal to ban ACSI.
- Michael Roddan
Coles to pilot BYO container system
Coles, Woolworths and most of their big suppliers have set ambitious sustainability goals, but are these merely aspirational or achievable?
- Updated
- Sue Mitchell
The secret stoushes of a machinist-turned-millionaire
Mining chairman Craig Ransley has made millions and fought off criminal charges. But one little-known fight saw his own board hire PwC to investigate.
- Updated
- Liam Walsh and Natalia Santi
Optus Sport secures FIFA 2023 Women’s World Cup
The telco will stream all 64 World Cup matches live and wants to partner with a free-to-air network to co-broadcast all Matildas matches.
- Updated
- Miranda Ward
KPMG appoints new partner as Sayers Group partner departs
Sayers Group partner Nikhil de Silva has moved to Amazon Web Services, while Kathleen Conner has joined KPMG as a Sydney-based partner.
- Edmund Tadros
- Opinion
- Chanticleer
Investors should Reject back-to-normal narrative
The Reject Shop’s profit downgrade is a warning to investors who believe we are through the fog of the pandemic.
- James Thomson
Twitter chooses Australia to try out new paid service
The social media platform wants users to pay $4.49 a month to access special features and perks.
- Updated
- Miranda Ward
Media companies fined $1.1m for Pell coverage
Fourteen media outlets pleaded guilty to contempt of court for reporting the conviction of a high-profile person without naming Pell, after a judge suppressed the publication of his identity.
- Hannah Wootton
Ora Banda Mining taps Euroz Hartleys, Petra for placement
ASX-listed gold play Ora Banda Mining is on the hunt for an injection of fresh capital.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
United Airlines bets on return of supersonic travel
The US airline has signed a deal for a fleet of supersonic jets 18 years after the Concorde airliner was discontinued.
- Lori Aratani
The Reject Shop stores hit by CBD exodus
The Reject Shop has only a minimal e-commerce offering but CEO Andre Reich says it is bringing a younger demographic.
- Simon Evans
Ben Wyatt to become Rio’s first Aboriginal director
Former WA treasurer Ben Wyatt will join Rio Tinto board as it heeds calls for indigenous representation in the state where it makes the lion’s share of earnings and is in damage control a year on from the destruction of Juukan Gorge.
- Brad Thompson
Barrenjoey adds another senior UBS banker to its roster
There’s something of a reunion going on in Barrenjoey Capital’s infrastructure and utilities investment banking team.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
29Metals IPO ‘covered’ at $2.05; books close lunchtime
ASX aspirant 29Metals is homing in on pricing its initial public offering.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Kodari on recruitment drive, promising ‘the highest salaries’
Move over Barrenjoey, and brace yourself UBS: there’s another hiring spree in town.
- Myriam Robin
- Exclusive
- Mergers & acquisitions
New owner IOOF pledges to keep MLC brand alive
Chief executive Renato Mota completes the $1.4 billion deal with National Australia Bank from his family home in a locked-down suburb of Melbourne.
- Aleks Vickovich
IOOF’s CEO in driver’s seat as big banks flee wealth scene
As a young analyst, Renato Mota played a role in helping the banks enter wealth management. Now, he is doing more than anyone in Australia to help them get out.
- Aleks Vickovich
- Opinion
- Chanticleer
Wesfarmers CEO proves his worth
Just over three years since Rob Scott took the reins, his track record is best in class. Now all eyes are on how he uses the company’s pristine balance sheet.
- Tony Boyd
