Latest
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- Banking Summit
BoQ parachutes chairman into CEO’s role
Four months after dumping CEO George Frazis, Bank of Queensland chairman Patrick Allaway is leaving the board to become CEO.
- 35 mins ago
- Tony Boyd
Josh Frydenberg passes No 1 ticket to Dylan Alcott, twice
The AFL didn’t become the nation’s premier football code without exhibiting a certain ruthlessness.
- 35 mins ago
- Myriam Robin
- Exclusive
- Retail
How Anchorage Capital plans to turn around fortunes of David Jones
The PE firm has big plans for the 185-year-old department store with a vision to create a near $1b online business – but it won’t be easy.
- 35 mins ago
- Carrie LaFrenz
Apostle Funds Management launches new carbon fund
Apostle will offer exposure to global carbon markets and target 2 percentage points of outperformance against the global carbon benchmark a year.
- Colin Packham
Origin Energy buyer flies in to finalise $18.2b deal, Canberra pitch
Origin Energy’s suitors will fly into Australia sign their $18.2 billion takeover early this week and start greasing the wheels for necessary regulatory approvals, including in Canberra.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Chalice Mining’s big day looms after movement on register, eyes on M&A
It’s a big week for all the investors, bankers and potential suitors who have kept an eye on breakout nickel explorer Chalice Mining, which is due to push out its mooted resource update and smoothed the path for M&A.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Opinion & Analysis
Perpetual: from charm offensive to cost-cutting crusade
Perpetual CEO Rob Adams must cut costs, reduce debt, and hope global markets work with him if the Pendal deal is to create shareholder value.
Senior reporter
Star’s earnings outlook a battleground for brokers
The difference in income forecasts between the most bullish and bearish analysts is $157 million for the beleaguered casino outfit.
Reporter
The US banking system remains frighteningly fragile
Depositors are continuing to pull their money from smaller US lenders as investors worry about the $US2 trillion in unrealised losses in the US banking system
Columnist
Bank wobbles mean a fretful time for investors
The wise would do well to ignore online warriors trying to stir up a global banking crisis – but this seems a good time for ‘market stress protocols’ and tin hats.
Contributor
Companies in the News
Fortescue Metals Group
ASX Limited
Block Inc.
Origin Energy
Commonwealth Bank
Updated: Mar 24, 2023 – 4.10pm. Data is 20 mins delayed.
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Featured
- Analysis
- Due diligence
Perpetual: from charm offensive to cost-cutting crusade
Perpetual CEO Rob Adams must cut costs, reduce debt, and hope global markets work with him if the Pendal deal is to create shareholder value.
- 35 mins ago
- Jonathan Shapiro
- Opinion
- Big four
Where the banking crisis goes next
The speed with which the banking crisis has rolled out, and government support has rolled in, raises big questions for investors.
- James Thomson
- Investigation
- Coal
Carmichael write-down split favoured Adani’s listed company
Accounts reveal a massive difference in whether private entities, or publicly listed ones, were impacted by losses booked against the Queensland coal project.
- Liam Walsh
More From Today
- Analysis
- Due diligence
Perpetual: from charm offensive to cost-cutting crusade
Perpetual CEO Rob Adams must cut costs, reduce debt, and hope global markets work with him if the Pendal deal is to create shareholder value.
- 35 mins ago
- Jonathan Shapiro
Yesterday
Lynch Group mulls China flowers future; talks to PE
Bombed out flower grower and wholesaler Lynch Group is understood to be considering options for its once-exciting China business, in a bid to unlock value for investors and potentially a buyer for the whole group.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Sell your stock: bankers fret post Credit Suisse
It’s seven days since Credit Suisse’s rapid capitulation to rival UBS, and seven uneasy sleeps for Australian investment bankers across the street.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Tyro Payments prices talks reach pointy end
Tyro Payments and Potentia Capital have ramped up talks around a binding bid at about $1.70 a share, or more than a 70 per cent premium to when the private equity suitor arrived on the scene.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
- Exclusive
- Banking Summit
ANZ boss says bank turmoil evokes savings and loan crisis
ANZ’s Shayne Elliott said there will be casualties, as the attention of financial markets turns to Deutsche Bank’s prospects to outrun the banking crisis.
- Ayesha de Kretser and Hans van Leeuwen
- Analysis
- Gaming & wagering
Star’s earnings outlook a battleground for brokers
The difference in income forecasts between the most bullish and bearish analysts is $157 million for the beleaguered casino outfit.
- Elouise Fowler
Plato’s Block red flags bolster Hindenburg attack
An Australian hedge fund manager says there are signs all is not well at Jack Dorsey’s Block as it faces an attack from short-seller Hindenburg.
- Jonathan Shapiro and James Eyers
- Analysis
- World markets
The US banking system remains frighteningly fragile
Depositors are continuing to pull their money from smaller US lenders as investors worry about the $US2 trillion in unrealised losses in the US banking system
- Karen Maley
Wine giant Accolade joins fight to save $200m Aussie prosecco
Australia’s No.2 wine group, owned by private equity giant Carlyle, is generating strong growth in prosecco and is annoyed at the EU move.
- Simon Evans
AMP shareholders to protest executive bonuses
Institutional and retail investors are expected to vote against AMP’s remuneration report at its annual general meeting this week.
- Aleks Vickovich
- Exclusive
- Carbon challenge
CS Energy looks to buy remaining stake in Callide C
The Queensland-owned company is looking at buy Intergen’s holding in the coal-fired power station after it went into voluntary administration.
- Mark Ludlow
- Opinion
- Private equity
Bank wobbles mean a fretful time for investors
The wise would do well to ignore online warriors trying to stir up a global banking crisis – but this seems a good time for ‘market stress protocols’ and tin hats.
- Katie Martin
- Analysis
- World markets
Why European banks are now in the eye of the storm
The latest plunge in European bank stocks has highlighted the European Union’s failure to establish robust mechanisms to contain the fallout from bank failures.
- Karen Maley
After review, government keeps anti-siphoning TV sport list the same
Major sports will remain prioritised for free-to-air television for three years while the government reviews whether the ‘anti-siphoning’ laws still work.
- Sam Buckingham-Jones
Reddit quietly axes local MD role as it eyes larger ad revenue
Reddit launched a local sales team in Australia in 2021 and has grown from $1m to $7.3m in its first full year.
- Sam Buckingham-Jones
ABC director wants more conservatives on the broadcaster
Melbourne businessman Joseph Gersh laments “centre-right” voices getting drowned out in the media.
- Mark Di Stefano
Australians would get worse TVs under proposed law, manufacturers say
TV manufacturers have bristled at the idea of a law requiring Seven, Nine, Ten, SBS and the ABC to be first on their home screens.
- Sam Buckingham-Jones
Africa leads Australia in green hydrogen race
Sub-Saharan Africa has emerged as a potential powerhouse in global supply of green hydrogen, says Rystad Energy, naming FFI and CWP Global as major developers.
- Angela Macdonald-Smith
Confidence and conditions at odds in business banking
NAB says WA will give the Reserve Bank governor some cause for consternation.
- Ayesha de Kretser
Perth Mint dealt with US clients despite potentially breaking code
The Perth Mint decided to keep dealing gold certificates to American high net worth customers last year, despite internal analysis flagging the practice might be breaking US regulations.
- Jessica Sier
