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Dentistry has been a happy hunting ground for buyout funds

Healthcare hopeful ADTY calls in potential backers for $50m check-up

A three-page flyer, seen by Street Talk, told interested parties the group has a pipeline of 25 healthcare practices ready for integration.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Capital

Buffett-backed lender to buy Discover Financial for $53.5b

US bank Capital One has agreed to buy Discover Financial, in an all-stock tie-up that is set to unite two of America’s largest credit card companies.

  • Anirban Sen and Michelle Price

Flight delayed: Queensland Airport auction start to spill past Easter

Suitors revving up to bid for a controlling stake in Queensland Airport Limited will have to wait a little longer for the auction. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Shaw and Partners lifts MS Wealth team

Shaw and Partners has dipped into Morgan Stanley Wealth Management’s ranks for the third time in less than six months. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Unpacking the ANZ/Suncorp decision

Reporters James Eyers and Liam Walsh discuss the court appeal that waved through ANZ's purchase of Suncorp.

  • Updated
  • Rachael Bolton

Reputation needs bigger role in Woolworths executive pay: ISS

The proxy advisory group’s comments come as the supermarket giant faces intense scrutiny over its profit margins as household budgets are crunched.

  • Jemima Whyte and Carrie LaFrenz

Opinion & Analysis

Hrdlicka departure reminds us who’s really flying Virgin

Jayne Hrdlicka ran a good race at Virgin Australia. But it turns out this is a marathon, not a sprint.

Chanticleer

Contributor

Chanticleer

What we learnt from ARB, Ansell, Netwealth and McMillan’s results

ARB enhances its market darling status, Ansell gets a poor hearing, wealth platforms please investors and McMillan Shakespeare watches the EV boom.

Chanticleer

Contributor

Chanticleer

Forget nickel, BHP’s next big call is a test for Australia

BHP CEO Mike Henry’s next big call is on how to grow its copper business. He says Australia’s IR, tax and approvals policies could turn it away from Australia. 

Chanticleer

Columnist

Chanticleer

How RBA board chat matches up with company profits

Profits are supposed to drive share prices, but this market is as much about interest rate expectations. So it is worth trying to marry the two.

Chanticleer

Columnist

Chanticleer

Companies in the News

BHP Group

bhp$45.540
 -1.09%

ANZ Bank

anz$27.880
 -2.18%

Commonwealth Bank

cba$116.950
 -0.15%

Suncorp

sun$15.290
 5.96%

Lendlease

llc$6.200
 -4.02%

Macquarie Group

mqg$191.020
 -0.52%

Updated: Feb 20, 2024 – 4.33pm. Data is 20 mins delayed.

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Featured

The ACCC blocked the deal last year saying a merger would “further entrench an oligopoly”. The Australian Competition Tribunal will provide its verdict on that this Tuesday.

Everything you need to know about the ANZ/Suncorp Bank decision

On Tuesday, the Australian Competition Tribunal will decide if the $4.9 billion deal can be done. Whichever way it goes, the ramifications will be significant.

  • James Eyers and Liam Walsh

The country’s most secretive billionaires are about to get much richer

Angela Bennett never wanted the family business. The daughter of prospector Peter Wright almost sold it all. Now it’s about to become a bonanza.

  • Primrose Riordan and Tom Rabe

The ABC’s Nemesis is compelling political television

The three-part confessional account provides a vehicle for senior Liberals to flagellate each other. Malcolm Turnbull emerges as whip-in-chief.

  • Aaron Patrick

More From Today

Corrs emailed staff about the departure of partner Felicity Healy.

Corrs tries to front-run the news

The law firm sent a detailed email to staff warning them over coming media coverage, particularly the departure of a star partner.

  • Mark Di Stefano
Virgin CEO Jayne Hrdlicka has put the building blocks for an IPO in place, but it will be up to another CEO to make the pitch.

Hrdlicka departure reminds us who’s really flying Virgin

Jayne Hrdlicka ran a good race at Virgin Australia. But it turns out this is a marathon, not a sprint.

  • James Thomson and Anthony Macdonald

What we learnt from ARB, Ansell, Netwealth and McMillan’s results

ARB enhances its market darling status, Ansell gets a poor hearing, wealth platforms please investors and McMillan Shakespeare watches the EV boom.

  • James Thomson and Anthony Macdonald
JPMorgan launched an SG Fleet block trade after market close on Tuesday.

SG Fleet’s investor LeasePlan seeks exit via $30m block trade

SG Fleet Group’s second-largest shareholder, LeasePlan Corporation, sent out JPMorgan to seek buyers for a circa $30 million stake after Tuesday’s closing bell.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
The Australian Competition Tribunal found, while an offer for Bendigo was “commercially realistic”, such a bid was “far from certain”.

ACCC’s Bendigo/Suncorp theory had ‘significant challenges’: court

A takeover of Suncorp’s bank from its fellow regional lender Bendigo & Adelaide Bank would face material execution risks, the Australian Competition Tribunal said.

  • Lucas Baird, James Eyers and Liam Walsh
Advertisement

BHP poised to strike mega water deal, turbocharging copper mining

A desalination plant agreement with the South Australian government would come as the miner grows more confident of boosting production at nearby operations.

  • Peter Ker and Simon Evans
Jayne Hrdlicka has run Virgin Australia since it came out of administration.

Hrdlicka to leave Virgin Australia, putting IPO plans on ice

The CEO has not provided a leaving date or any reason for her exit, and will stay on until a replacement is named.

  • Updated
  • Ayesha de Kretser and Kylar Loussikian
Substantial shareholder notice incoming: if it’s good enough for Mercury founder Clark Perkins, it’s good enough for Australian Wealth Advisors Group.

Mystery buyer scoops up E&P Financial shares

Broker sources believe newly listed Australian Wealth Advisors Group could be buying up stock.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Optus’s headquarters in North Sydney

Sensitive Optus documents shared as hard copies in class action suit

Documents to be used in a class action battle over Optus’ 2022 cyberattack will be assigned a traffic light colour, with red for highly confidential information.

  • Jenny Wiggins
BHP chief executive Mike Henry says the Albanese government’s IR changes are not helpful.

Forget nickel, BHP’s next big call is a test for Australia

BHP CEO Mike Henry’s next big call is on how to grow its copper business. He says Australia’s IR, tax and approvals policies could turn it away from Australia. 

  • James Thomson
Origin has bought two wind farm development plans

Origin acquires two projects in NSW Renewable Energy Zone

Origin is pressing on with plans to bulk out its green energy portfolio following the collapse of its Brookfield deal last year.

  • Elouise Fowler
Victorian Premier Jacinta Allan last week said that between bushfires in the state’s west and damaging storms in the east, about 15,000 calls were made to triple zero.

More than 3000 still without power a week after Victoria storms

Premier Jacinta Allan says her government will review last week’s mass outages which saw 530,000 homes and businesses lose power.

  • Gus McCubbing
Economists, CEOs and the market expect Michele Bullock to navigate Australia’s economy to its soft landing in 2024.

How RBA board chat matches up with company profits

Profits are supposed to drive share prices, but this market is as much about interest rate expectations. So it is worth trying to marry the two.

  • Anthony Macdonald
ANZ and Suncorp have been in limbo over the $4.9 billion deal for two years.

‘Maverick’ Macquarie paves way for ANZ’s Suncorp buy

The decision paves the way for the biggest merger in banking since CBA took out Bankwest in 2008 and could mean more consolidation in the sector.

  • Updated
  • Lucas Baird, James Eyers and Liam Walsh
The ACCC and Australian Competition Tribunal came to different conclusions on key tests involved in reviewing mergers.

ACCC undone by ‘double negative’ in merger analysis

Lawyers said ANZ’s win will create a strong precedent, and also shows the importance of the tribunal continuing to have a role conducting merger reviews.

  • James Eyers
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Shares in Star Entertainment have fallen more than 20 per cent.

Sydney casino review sends Star Entertainment shares plunging

The company said it would push back a financial update scheduled for Wednesday after it was blindsided by the announcement of a new inquiry into its operations.

  • Zoe Samios
The Australian Competition Tribunal on Tuesday ruled in favour of ANZ’s bid to buy Suncorp’s bank.

ANZ hybrid expected to be upsized to $1.5b after Suncorp win

ANZ is expected to upsize its $1 billion hybrid deal launched last week.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
ASIC chairman Joe Longo says the regulator has limited oversight over the big four consulting firms.

ASIC polices only a ‘sliver’ of big four firm activities

The frank description of ASIC’s limited powers comes as outgoing Tax Commissioner Chris Jordan recommends the big four partnerships be brought under federal corporate laws.

  • Edmund Tadros
Judo Bank CEO Joseph Healy is stepping down

Judo’s Healy steps aside as challenger bank targets regions

Judo founder Joseph Healy is stepping aside leaving his successor to grow the challenger bank to the scale it promised the market.

  • Jonathan Shapiro
Soho House in Mexico City.

Is Soho House, a Goldman Sachs-backed club for the rich, going broke?

Shares in the unprofitable-but-fashionable British hotel and club business have fallen 60 per cent, raising doubts about its long-term viability.

  • Chris Bryant