Joy and fear on Melbourne’s road to Christmas
It’s hoped that rising numbers of vaccinated people will reduce the impact of increasing cases as the city’s population goes out and mixes more.
- Opinion
- Chanticleer
Exposing ESG’s dirty little secret
ESG is flavour of the month ahead of the COP26 summit in Glasgow, and this is causing some ironic smiles among the women fund managers excluded from conversations about diversity.
NSW targets capital gains as property tax fight erupts
The NSW Liberal government wants a review of the 50 per cent capital gains tax discount because it encourages property speculation.
Net zero deal to be sealed at eleventh hour
Negotiations between Scott Morrison and Barnaby Joyce will continue over the weekend, days before the Glasgow climate talks begin.
Question time looms for Gladys Berejiklian
How is the case stacking up against the former NSW premier at ICAC as she prepares to face the commission next week?
McGrathNicol prepares to go after Papas’ global assets
McGrathNicol is preparing to go after assets and debts in the United Kingdom, Greece and United Arab Emirates as it ramps up its efforts to secure funds for creditors of Bill Papas’ collapsed Forum Finance.
Meet the Millennials managing $660m of micro-investor money
Investing app Spaceship bucked the trend of outsourcing to exchange-traded funds and says its lean team of in-house portfolio managers has helped put a rocket under its growth.
AFR Weekend: The big stories, best reads and expert advice. In your inbox on Saturday.
wealth
How fundies are prepping portfolios for rise in inflation
Professional investors are tilting towards domestic cyclicals and away from sectors of the market more sensitive to movements in bond yields.
- Opinion
- Bonds
Bond market tries to bully RBA
Scrutiny falls on the battle between bond bandits and the RBA over monetary policy and links between a NSW fund set up by the new premier and dictatorships.
Buyers ‘flipping’ properties for quick profits as markets soar
Big sale prices could also mean big tax bills for buyers considering a quick turnover.
- Opinion
- Flat Chat
NSW a trailblazer in ‘outing’ apartment defects
Own an apartment in Queensland or Victoria? Expect to hear more about building problems as action groups gain force.
- Opinion
- Aged care
Best ways to navigate aged care at home
Rather than outsourcing a care package, it can be simpler and cheaper to run it yourself.
WEEKEND READS
Britain’s flamboyant experiment tested as cases surge
The government is trying to remain sanguine as cases, hospitalisations and deaths rise – but it is also ramping up the country’s vaccine program any way it can.
Australia’s CBDs reset to a new way of life
The country’s two largest cities are embarking upon a real-time experiment into what ‘normal’ means.
AFL star Shaun Burgoyne reveals how he invests
The four-time premiership player known as ‘Silk’ has some forthright views on money, Australia Day, political correctness and a good steak.
The dying days of China’s economic miracle
After decades of unbridled growth, China is heading into a new era of moderate growth as a property debt crisis and crippling energy shortages converge at a time of enormous policy uncertainty.
Why senior fashion models are increasingly in demand
The industry that put its clotheshorses out to pasture at 25 has just discovered that diversity sells – younger ones are a turn-off, but those older are not.
Companies
Meet the Millennials managing $660m of micro-investor money
Investing app Spaceship bucked the trend of outsourcing to exchange-traded funds and says its lean team of in-house portfolio managers has helped put a rocket under its growth.
- Analysis
- Investment banking
Pressure is on for investment banks
This M&A boom, coupled with a rush of new entrants, has had some unexpected short-term consequences.
Tax Office data reveals extent of hidden worker shortfall
The Tax Office processed 287 returns for working holidaymakers last financial year, down from almost 100,000 pre-pandemic.
Offshore buyers swallow up Aussie engineer Cardno
The ASX-listed firm’s Asia-Pacific and North American engineering and consulting divisions are slated for sale to Canada’s Stantec in a deal worth $667 million.
Why shoppers could be hit with Afterpay, Zip merchant fees
Afterpay and Zip will no longer be able to restrict merchants from passing on their payment fees after intervention from the RBA.
The EY audit boss chasing Cox Plate glory
Glenn Carmody could achieve a life-long goal on Saturday as part-owner of rising turf star Zaaki.
Sally Loane quits the Financial Services Council
Long-serving Financial Services Council chief executive Sally Loane will leave the influential lobby group by the end of the year.
Companies in the News
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Markets
ASX ends week at one-month high
Australian shares closed the week at a one-month high on Friday, with gains from the technology, financial and REIT stocks offsetting losses from the materials and energy sectors.
RBA fires back against hawkish market with $1b bond swoop
The RBA reaffirmed its commitment to a 0.1pc cash rate, buying $1 billion of 3-year bonds to defend its forward guidance and strike back in an increasingly heated war.
RBA eyes BNPL’s ‘no-surcharging’ rule; moves against rate hike hawks
RBA’s bond buying shoots down rate hike hawks. Aurizon in $2.3b bid for Macquarie’s One Rail. Qantas boosts travel stocks. IAG sticks to guidance. Lynas’ sales fall. Iron ore lost 5.8pc, BHP falls.
The kingmakers of the M&A boom
Australia’s top sharemarket investors give their perspective on the dealmaking boom and what it means for their investments.
Royal mint works overtime to meet coin demand
Staff at the Royal Australian Mint worked double shifts to meet demand for coins during the COVID-19 crisis.
Opinion
The cities may be opening but Australia’s politics are closing down
The federal government remains its own Hermit Kingdom, where pledges bear no resemblance to reality and the truth is what they say it is, writes Laura Tingle.
Columnist
Cryptocurrencies deserve the attention of regulators
A parliamentary report has proposed establishing rules for crypto-world - including future companies that may exist in the ether alone.
Editorial
As Australia reopens, the test of strategy begins
All of the country barring WA should be open well before Christmas. Will soaring levels of vaccination mean manageable levels of hospitalisations and fatalities?
Editorial
Deal or no deal, we’ve been grappling with net zero for centuries
It means the same in 2050 as it did in 200,050 BC. A big net nothing.
Columnist
The fatal chip on Xi Jinping’s shoulder
China’s bullying just endangers itself. The failure to gain the secret sauce that makes Taiwan a world-beating maker of advanced microchips tells you how.
Contributor
Perrottet has a chance to profoundly reshape NSW’s economy
NSW’s new premier developed a reputation for economic liberalism while treasurer and his election to leadership has revived long-dormant hopes for GST reform.
Contributor
Politics
The new workplace fringe benefit: vaccination
Federal Health Minister Greg Hunt has approved the first 32 companies to join the work-based vaccine rollout.
Ten days to Australia’s international take-off
Qantas and Singapore Airlines are moving to restart services in and out of Australia’s major international gateways.
Tax Office data reveals extent of hidden worker shortfall
The Tax Office processed 287 returns for working holidaymakers last financial year, down from almost 100,000 pre-pandemic.
Question time looms for Gladys Berejiklian
How is the case stacking up against the former NSW premier at ICAC as she prepares to face the commission next week?
Ayres saw ‘merit’ in Maguire’s pet project bureaucrats had canned
Jobs Minister Stuart Ayres, who pushed for a project at the centre of the corruption inquiry into Gladys Berejiklian, said the proposal was in the ‘sweet spot’.
SPONSORED
World
Britain’s flamboyant experiment tested as cases surge
The government is trying to remain sanguine as cases, hospitalisations and deaths rise – but it is also ramping up the country’s vaccine program any way it can.
Wealthy Chinese shift focus from making money to protecting it
China’s richest are on the defensive, deleting social media profiles and moving money around as Xi Jinping drives a campaign to redistribute income.
Bannon held in criminal contempt of Congress
Nine Republicans broke ranks with their party leaders to join all Democrats in voting for Steve Bannon to be prosecuted.
The dying days of China’s economic miracle
After decades of unbridled growth, China is heading into a new era of moderate growth as a property debt crisis and crippling energy shortages converge at a time of enormous policy uncertainty.
Why Twiggy has painted London taxis green
The Financial Review’s European correspondent shares a Fortescue-branded electric London cab with Andrew Forrest, as he sketches out his plan to make a big green splash at COP26.
Property
Upgrading from unit to house has never been more expensive
The premium for houses over units has reached record levels because of strong demand and low supply.
Twiggy buys music legend’s luxury Byron spa for $30m
The mining billionaire’s investment firm, Tattarang, has snapped up Olivia Newton-John’s luxury wellness resort Gaia Retreat & Spa.
Hong Kong player buys into Roselands as mall deals mount
The half stake changes hands amid an upswing in shopping mall transactions as major investors take heart from the reopening under way in Sydney and slated for Friday in Melbourne.
WeWork goes public, receiving a warmer reception this time
This week’s deal is the culmination of a two-year saga to take WeWork public.
Green buildings worth more to investors
New research shows a clear correlation between higher sale prices and higher green ratings in the office markets of Sydney and Melbourne.
Wealth
Buyers ‘flipping’ properties for quick profits as markets soar
Big sale prices could also mean big tax bills for buyers considering a quick turnover.
How fundies are prepping equity portfolios for rise in inflation
Professional investors are tilting towards domestic cyclicals and away from sectors of the market more sensitive to movements in bond yields.
- Opinion
- Flat Chat
NSW a trailblazer in ‘outing’ apartment defects
Own an apartment in Queensland or Victoria? Expect to hear more about building problems as action groups gain force.
Technology
How this startup is turbocharging the Sydney Fish Market’s trade
For years, the Sydney Fish Market has held its sleepy morning auctions. A new tech upgrade will launch it into a trading frenzy.
How much money YouTubers really make, according to dozens of creators
Those who are part of the Partner Program can monetise their videos with ads, but the amount they earn varies, based on several factors.
Apple device shortages threaten record-setting holiday blitz
Orders for Apple’s newest products - the iPhone 13, iPad mini, ninth-generation iPad, Apple Watch Series 7 and MacBook Pro - won’t be fulfilled until December.
Work & Careers
The rise of the Australian-Indian CEOs
A growing number of Australia’s top business leaders are of South Asian heritage. They tell BOSS about their ambitions to learn and their hunger for success.
AFL star Shaun Burgoyne reveals how he invests
The four-time premiership player known as ‘Silk’ has some forthright views on money, Australia Day, political correctness and a good steak.
Life & Luxury
- Exclusive
- Performing arts
Sydney’s theatre conundrum: $80m to spend but nowhere to put it
Theatre producer Michael Cassel has $80 million to build a new theatre in Sydney’s CBD, but can’t find anywhere to spend it.
- Exclusive
- Weekend Fin
Bradley Trevor Greive: from paratrooper to Netflix star
The bestselling author is back with a new series on the wonder of nature, and what it can teach us about ourselves.
Ten days to Australia’s international take-off
Qantas and Singapore Airlines are moving to restart services in and out of Australia’s major international gateways.
Gun fired by Alec Baldwin kills woman on movie set
A prop firearm discharged by the veteran actor killed his director of photography and injured the director.
How to make a new restaurant’s ‘perfect summer dish’
Chef Thomas Haynes heads to Western Australia to cook up culinary brands for Andrew Forrest’s lifestyle division.
