Latest
MacCap makes seven point pitch for MIRA’s Axicom
There’s plenty of love flowing between Macquarie Capital and its sister Macquarie Infrastructure and Real Assets.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Goldman Sachs, QIC home in on Icon Group buyer
It’s down to the short strokes in the auction for cancer care business Icon Group.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
IPD Group eyes $40m raise for IPO, $101m enterprise value
Electrical products distributor IPD Group is ready to officially hit the IPO circuit.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Investment means city-country divide on climate action is ‘over’
Business was leaving the Morrison government behind on climate change action but couldn’t drive down all the costs by itself, a summit has heard.
- Mark Ludlow
Barclays CEO steps down as Epstein fallout spreads
Jes Staley’s departure came after UK regulators shared with Barclays the preliminary findings of their multi-year probe into what he told the bank’s board about his relationship with Epstein.
- Stefania Spezzati and Bloomberg News
All eyes on Hub24 as Praemium in play
Now that wealth platform Praemium is officially in play, watchers are turning their minds to who could follow Netwealth and come calling.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Opinion & Analysis
Market bets Westpac will miss cost target
One bad slide in Westpac’s 131-page results presentation triggered a chain reaction, as leading analysts question the bank’s recent pledge to slash costs.
Senior Reporter
RBA starts weaning property market off ultra-cheap debt
By abandoning its yield target, the Reserve Bank is tacitly condoning the lift in short-term bond yields, which are already reflected in higher costs for fixed rate home loans.
Columnist
Wealth platforms yet to crack mass market
A flurry of takeover activity among the insurgents in the wealth platform space shows a market reaching maturity and enormous unmet demand in mass-market advice.
Columnist
Big bets are coming due for Westpac and the RBA
Peter King is yet to convince investors he has the right approach and Philip Lowe is struggling to make the market have faith in his 2024 timetable for rate rises.
Columnist
Companies in the News
Westpac Banking Corporation
Macquarie Group
Crown Resorts
Fortescue Metals Group
Updated: Nov 2, 2021 – 3.58pm. Data is 20 mins delayed.
Search companies
View stories and data from an ASX listed company
Featured
Battle stations as Crown and Packer counter Finkelstein proposals
Just days after Crown Resorts was found to be unfit to run its Melbourne casino, director Bruce Carter staged the first vigorous resistance to a key recommendation.
- Elouise Fowler
Crown’s road back is paved with doubt
Victoria’s royal commission outlined a swath of recommendations to help Crown Resorts save itself. But experts doubt whether redemption is possible.
- James Thomson
Below the surface in the battle for Huon
The Foreign Investment Review Board is examining applications to buy Huon Aquaculture from Brazil’s JBS and Canada’s Cooke Seafood.
- Jemima Whyte
Yesterday
- Analysis
- Big four
Market bets Westpac will miss cost target
One bad slide in Westpac’s 131-page results presentation triggered a chain reaction, as leading analysts question the bank’s recent pledge to slash costs.
- Updated
- James Eyers
- Opinion
- Monetary policy
RBA starts weaning property market off ultra-cheap debt
By abandoning its yield target, the Reserve Bank is tacitly condoning the lift in short-term bond yields, which are already reflected in higher costs for fixed rate home loans.
- Karen Maley
Melbourne Cup caps super spring for racing’s gang of four
Verry Elleegant’s stunning Melbourne Cup win was the third Spring Carnival triumph in as many weeks for four owners united by business and racing.
- James Thomson
Slattery, Englund’s FiberSense books investors for series B raising
Bevan Slattery’s newest telecommunication tech play FiberSense is set to go cap in hand to existing and potential new investors for a funding round.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Price row stalls Netwealth’s bid for Praemium
ASX-listed Praemium has rejected a non-binding offer to merge with larger competitor Netwealth and form a wealth administration powerhouse with $94 billion under control.
- Updated
- Aleks Vickovich
Beach Energy chief Matt Kay quits
Managing director Matt Kay has resigned and chief financial officer Morne Engelbrecht has been elevated to the top job.
- Lucas Baird
Travel insurance costs to rise nearly 10pc
Holidaymakers heading overseas should expect higher travel insurance bills and to pay for costly PCR tests.
- Lucas Baird
Barclays counts the cost of Epstein probe as CEO Staley departs
The abrupt exit of Barclays CEO Jes Staley in the wake of a regulatory probe into his past ties with Jeffrey Epstein shines a spotlight on the bank’s culture.
- Stephen Morris
- Opinion
- Chanticleer
Wealth platforms yet to crack mass market
A flurry of takeover activity among the insurgents in the wealth platform space shows a market reaching maturity and enormous unmet demand in mass-market advice.
- Tony Boyd
Betty’s Burgers sales jump as takeaway soars
Parent company Retail Zoo has opened new stores throughout the pandemic and plans more in Australia and overseas.
- Carrie LaFrenz
- Exclusive
- Streaming
Disney+ beating out Amazon Prime in race to second place
The arrival of the Star brand in February is helping Disney+ inch ahead of rival Amazon Prime Video.
- Miranda Ward
Telix gets first regulatory tick on prostate cancer imaging product
The Therapeutic Goods Administration has approved the biotech’s product Illuccix, helping to push its shares higher by over 8 per cent.
- Carrie LaFrenz
Adore Beauty dealmaker chairman Justin Ryan resigns
New chairman Marina Go says the strategy will not change as the group tries to harness more of the shift to e-commerce.
- Simon Evans
Netwealth, Praemium suit up for merger battle
Netwealth’s put a line in the sand at Praemium, offering its shareholders about a 15 per cent stake in the combined group in a bid to kick off talks between the companies.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Blackstone acquires storage business Fort Knox
Blackstone has acquired Australian self-storage solutions company Fort Knox, in what’s expected to be one of the largest self-storage transactions in the country.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
BHP’s plan to exit thermal coal is in doubt
BHP’s exit from thermal coal is looking less certain as record prices and shifting investor attitudes put the brakes on its planned retreat from the dirtiest fuel.
- Thomas Biesheuvel, Harry Brumpton and James Thornhill
How Spanish Mission cost Macquarie its chance at Cup glory
Macquarie’s quant team picked first and second in their Cup tips, but they left out Spanish Mission, the horse rated as the best foreign raider in this year’s field; great day for Brae Sokolski, who owns Verry Elleegant and Incentivise. Follow the Cup latest here.
- Andrew Hobbs and James Thomson
Vulcan Energy revels in online disinformation
How ridiculous is it for Vulcan to lament negative press when it has been richly rewarded by positive cash-for-comment
- Michael Roddan
Inside Incentivise’s old-school tilt at Melbourne Cup glory
Incentivise has emerged from nowhere to be the shortest-priced Melbourne Cup favourite since Phar Lap.
- James Thomson
This Month
Macquarie quants tip Twilight Payment for the Melbourne Cup, trifecta best bet
Macquarie’s quant team is tipping Twilight Payment to secure back-to-back Melbourne Cup victories, placing it narrowly ahead of short-priced race favourite Incentivise.
- Updated
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
