Latest
Macquarie stands by its valuation of Patriot Battery Metals
The lithium hopeful, which copped an activist short seller attack, will produce its maiden resource update at the end of the month.
- Elouise Fowler
Japan’s Inpex in $326m green power deal
The diversification into wind and solar power comes after Japanese investors have been shaken by Labor’s various policy moves against gas.
- Updated
- Angela Macdonald-Smith
Potentia Capital still waiting on $900m payday from Micromine sale
The silence is deafening at Potentia Capital’s $900 million deal to sell its mining software business Micromine.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Netwealth share price jumps as gross inflows hit record $6.2b
The company finally “appeared to have stemmed” year-on-year declines in inflows, an analyst said, even though it was largely driven by a single transition.
- Updated
- Hannah Wootton
Grok Ventures sells out of Tyro Payments in $77m block trade
A block of the Tyro shares traded after market close on Thursday, equalling 12 per cent of the company.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Aware Super tips $746m into US data centre operator Switch
The company was taken private by IFM Investors and NYSE-listed DigitalBridge for $US11 billion ($16.7 billion) in December.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Opinion & Analysis
Big banks’ excess capital worth a second look
If there is something an analyst should know, it is spreadsheets. So, we’re listening when Barrenjoey’s Jon Mott questions whether the banks should return their excess capital.
Chanticleer columnist
PwC top lawyers are gone, and a critic is back
The firm’s two top lawyers are gone as PwC sets out to repair its fortunes under new leader. But why?
Legal editor
Why smart money has switched from banks to insurers
The insurers have pricing power and are showing signs of inelastic demand. The banks have stiff competition and potentially rising bad debts.
Chanticleer columnist
No takeaways on future of interest rates in Lowe’s lunch address
There was something for everyone in Philip Lowe’s address on Wednesday, except for those wanting definitive guidance on interest rates.
Chanticleer columnist
Companies in the News
Commonwealth Bank
National Australia Bank
Westpac Banking Corporation
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Fortescue Metals Group
Updated: Jul 13, 2023 – 4.32pm. Data is 20 mins delayed.
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Featured
- Analysis
- Due diligence
NSW government’s tax respite creates more challenges for Star
Labor’s reprieve on the casino impost may have bought some time, but it has caused more problems than it solved.
- Zoe Samios
Is Origin Energy being sold on the cheap? Increasingly, it seems so
The takeover offer price from Origin’s North American suitors, originally labelled as a “knockout”, is starting to look cheap in some eyes.
- Angela Macdonald-Smith
- Analysis
- ICAC
What Gladys Berejiklian could do next
It will be of little comfort to the former NSW premier that she won’t be facing criminal charges, given ICAC’s finding that she engaged in “serious corrupt conduct”.
- Michael Pelly
More From Today
Senate may compel BCG, McKinsey to talk on conflicts of interest
Labor and Greens senators say they are determined to hear from the firms, warning they are not above parliamentary scrutiny.
- Hannah Wootton and Tom McIlroy
Top Shelf needs more cash to find its place behind the bar
The liquor company is undergoing (another) capital raise in the hopes of transforming the business from something scoff-worthy to something that’s stocked in places other than one-off music festivals.
- Jessica Sier
Slowdown hurting young renters more than mortgage holders: Comyn
“We see more renters in stress than those that own their home,” the CBA chief executive said.
- Lucas Baird
Bubs distracted by ‘creating negative headlines’, backers of coup say
The company has a market capitalisation of only $200 million, but has been touted as a contender to become the next major agribusiness in Australia.
- Kylar Loussikian
Forrest split ‘won’t destroy’ Fortescue, investors say
Major investors in Fortescue say the Forrest family split does not change their view of the stock because Nicola Forrest is unlikely to harm it by selling down
- Updated
- Peter Ker and Brad Thompson
- Opinion
- Chanticleer
Big banks’ excess capital worth a second look
If there is something an analyst should know, it is spreadsheets. So, we’re listening when Barrenjoey’s Jon Mott questions whether the banks should return their excess capital.
- Anthony Macdonald
Morgan Stanley palms off clients with less than $1m to Ord Minnett
As the costs to maintain less-active accounts rise, the US bank wants to focus on private clients with more than $1 million in assets.
- Updated
- Aaron Weinman
Brookfield locks in $1.45b debt refi for Aveo; five banks underwrite
Canadian infrastructure giant Brookfield has locked in a $1.45 billion refinancing for its seniors living business Aveo, which it took private in 2019.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Viva Energy flags up to $60m earnings hit on Geelong refinery troubles
Viva Energy’s earnings will be crunched by costs and lower production linked to prolonged maintenance at its flagship refinery.
- Elouise Fowler
- Opinion
- PwC tax scandal
PwC top lawyers are gone, and a critic is back
The firm’s two top lawyers are gone as PwC sets out to repair its fortunes under new leader. But why?
- Michael Pelly
Alliance secures $100m in new finance, profits higher than expected
The fly-in-fly-out regional airline carrier says the deal will help boost profitability.
- Ayesha de Kretser
Kevin Rudd says nice things about News Corp
Launching a new book by the Darwin-born Andrew Liveris, Rudd was driven to muse on the great city’s major media masthead.
- Myriam Robin
Tokyo touchdown for Enel Australia’s 50pc sale for $655m
Italian renewables player Enel is expected to sign terms this afternoon to sell 50 per cent of Enel Green Power Australia to Japan’s INPEX.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Why smart money has switched from banks to insurers
The insurers have pricing power and are showing signs of inelastic demand. The banks have stiff competition and potentially rising bad debts.
- Anthony Macdonald
Six months in, Bonza cuts routes while it waits for more planes
The airline said it still had ambitions to fly to Sydney, and the change ws to “introduce some more flexibility into our operations”.
- Updated
- Ayesha de Kretser
Murray & Roberts Australia in receivership; McGrathNicol takes keys
Things have moved faster at RUC Cementation Mining Contractors than Street Talk anticipated.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Origin, Orica take stride towards Newcastle hydrogen project
The federal government is tipping $70 million into the project to help explosives manufacturer Orica cut emissions at its energy-intensive operations.
- Angela Macdonald-Smith
How two ‘besties’ almost got away with scamming millions from NAB
This week in The Fin podcast, senior reporter Max Mason on how two ‘besties’ turned on each other after their multi-million dollar fraud unravelled, and why it took NAB years to uncover their lucrative scheme.
Goldman breaks its own rule to tip results much worse than rivals
The outcome: Analysts have slashed their estimates for quarterly profit by almost half since mid-June.
- Sridhar Natarajan
Yesterday
- Exclusive
- Rich Listers
Andrew and Nicola Forrest to pursue separate lives
Australia’s richest couple has separated but insist that they are aligned on the future direction of Fortescue as well as their charity, Minderoo Foundation.
- Peter Ker and Brad Thompson
