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Coles faces Ocado delivery and cost blowout
The supermarket chain will have to fork out a further $120 million following a one-year delay in the commissioning of its Ocado fulfilment centre in Victoria.
- 29 mins ago
- Carrie LaFrenz
Goldman plans hiring spree to fix lapses after increased Fed scrutiny
The Wall Street firm is enlisting several hundred new staffers to help remediate issues raised by US federal banking supervisors.
- Sridhar Natarajan and Hannah Levitt
Should women play on smaller soccer pitches?
Women are physically different to men, yet the game makes no accommodation for this fact. Should the game be scaled down for them?
- The Economist
How taking MDMA with your partner could boost your relationship
An Australian team hopes to become the first researchers to measure the outcome of using MDMA to help couples in conflict.
- Jenny Valentish
Defence spending headed offshore, manufacturers warn
Australia’s small manufacturers say the Defence Strategic Review will divert dollars towards off-the-shelf military equipment from suppliers in the US and Europe.
- Gregor Ferguson
Whitehaven’s mystery investor fires warning shot
The $US3.5 billion-plus auction for BHP’s Blackwater and Daunia mines is creating a corporate stoush in an unexpected place.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Opinion & Analysis
Matildas shift a nation’s goals
Few teams get a chance to change the nation the way the Matildas have done.
Editorial
Retailers face triple-whammy challenge
The post-COVID normalisation in demand has coincided with a cost-of-living crunch and soaring costs, which will squeeze sales and earnings in 2024.
Columnist
How AI drove Telstra’s $15b call
Telstra’s decision to hold on to its $15 billion fixed infrastructure business speaks to rising demand from cloud computing, artificial intelligence and the internet of things.
Columnist
As the leading Yes man, PM barely knows what he is advocating
Anthony Albanese hasn’t even read the Uluru Statement in full, yet is more focused on constitutional change than on rebuilding tourism or reducing costs for Australians.
Columnist and former senator
Companies in the News
Commonwealth Bank
Woodside Energy Group
ASX Limited
Origin Energy
Updated: Aug 17, 2023 – 4.47pm. Data is 20 mins delayed.
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Featured
- Investigation
- Regulation
The $500m debacle: How insurer IAG missed risk warnings
An algorithm that minimised premium falls or rises when policies were renewed put a regulatory minefield underneath some of Australia’s brightest finance stars.
- Liam Walsh
Seek’s VC valuation will be a barometer for private markets
Employment Hero, one of the Seek Growth Fund’s holdings, is in discussions to raise more capital, at almost double its valuation.
- Jemima Whyte
Why fixing PwC gets more difficult with each passing week
At a long-delayed webinar this week, new chief Kevin Burrowes was crystal clear about the cost of the tax scandal to the beleaguered consulting firm.
- Edmund Tadros
Yesterday
QIC’s PE team wins $500m mandate for European buyouts
Danish pension fund PenSam has signed an agreement to invest $500 million in the sector via QIC over the next three years.
- Sarah Thompson, Kanika Sood and Emma Rapaport
UK broadcaster Michael Parkinson dies
The huge cricket fan, best known for interviewing some of the world’s biggest stars, including Shane Warne, on his long-running chat show, has died aged 88.
- Reuters
- Opinion
- The AFR View
Matildas shift a nation’s goals
Few teams get a chance to change the nation the way the Matildas have done.
- The AFR View
Matildas kick on to grassroots funding goal
The Matildas may have lost the semi-final against England, but they want to do everything to ensure momentum for women’s football continues.
- Zoe Samios, Samantha Hutchinson and Carrie LaFrenz
‘Senseless’ vandals and ‘flare-throwing idiots’ ruin World Cup party
Two men have been charged after a “senseless act of vandalism” threw the Sydney rail network into disarray on Wednesday night.
- Updated
- Cassandra Morgan, Miranda Forster and Samantha Lock
Rinehart’s son couldn’t afford to service his car, court told
John Hancock’s lawyers have told a court how his years-long battle with his mother Gina Rinehart put him under huge financial stress.
- Tom Rabe
WA backtracks on coal after power supply warning
The independent market operator has warned of power supply shortfalls in WA as the state Labor government moves to shut two coal-fired power stations.
- Brad Thompson
No yolk! Navis Capital puts poultry business up for sale, taps adviser
When it does hit the auction block, Mainland is expected to draw a decent crowd of tyre kickers across trade buyers and financial sponsors.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Allegro’s PwC spin-off away after 115 partners agree to join
Scyne Advisory has signalled it will offer positions to 132 partners at PwC, which will be handed the Switkowski report on Friday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Carbon challenge
Origin’s big power profit leaves price-capped coal supplier fuming
Yancoal’s David Moult is disappointed the miner’s power bill rose 156pc in the period it was forced by government to sell cheap coal to NSW generators.
- Peter Ker
- Exclusive
- Industrial relations
Worker sues CBA-owned start-up, claims it made him work 60-hour weeks
Unloan forced a former employee to work up to 60 hours per week, perform multiple roles, and then made him redundant after he complained, the worker alleges.
- Lucas Baird
Coach Jones curses media negativity around Wallabies
Eddie Jones described a press conference at Sydney Airport, as the Wallabies left for France, as the worst he had experienced in his many years in world rugby.
- Melissa Woods
Andrew Formica named new Magellan chairman
The 52-year-old former CEO of Janus Henderson is the new chairman of the funds management group, after joining the board less than three weeks ago.
- Updated
- Jonathan Shapiro
Correction
The story, Does Bridget McKenzie really have a PhD in constitutional law?, relied on a transcript provided to the media that was incorrect.
Lendi accuses Domain of misleading the market over JV sale
Mortgage broker Lendi Group expects Domain to continue their joint venture. Domain wants to sell its 60 per cent stake.
- Sam Buckingham-Jones
How the TikTok tax fraud overran a country town
At least 56,000 people are facing compliance action for a billion-dollar GST tax fraud spread by social media influencers.
- Neil Chenoweth and Max Mason
GQG reassures analysts over Goldman Sachs tie-up
The fund manager delivered another strong interim result with more business in the US, but remained tight-lipped about its interest in Pacific Current.
- Jonathan Shapiro
Allens didn’t trust ChatGPT, so it built Airlie
The leading law firm says having its own version of the AI tool will accelerate the drift away from the billable hour.
- Michael Pelly
Origin Energy’s venture capital home run a headache for suitors
Origin Energy’s venture capital investment is going so well it has split out its earnings. Analysts are suddenly interested in what it may be worth.
- Anthony Macdonald
Noble Helium, Cygnus Metals rattle the tin
Listed microcaps Noble Helium and Cygnus Metals were among a small group of Thursday’s raising candidates, as the reporting season stifled larger deals.
- Sarah Thompson, Kanika Sood and Emma Rapaport
