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Adamantem takes second swing at Qantm IP, offer pegged at 58pc premium
The Adamantem bid is worth about $260 million or lower than the $295 million market capitalisation with which Qantm debuted on the ASX boards in 2016.
- 23 mins ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
Manufacturing wipeout a risk without right carbon border tax: Orica
CEO Sanjeev Gandhi has warned the future of manufacturing is under threat without carbon border taxes, while the cement sector is already suffering.
- 1 hr ago
- Angela Macdonald-Smith
- Exclusive
- Tax disputes
Street Talk triggered $207m freeze order; family ‘flight risk’
The rich Taiwanese-Australian family behind the Nature’s Care brand lied to the tax office about their income, court documents allege.
- 1 hr ago
- Aaron Patrick
Fortescue says hydrogen hopes rest on a halving of power prices
Fortescue Energy boss Mark Hutchinson says Australia must get clean power prices down to $US30 a megawatt hour if it wants green hydrogen projects to go ahead.
- 1 hr ago
- Peter Ker
Qantas, Airbus and Idemitsu tip in for sustainable fuel play Jet Zero
In all, the funding gives the company a valuation of about $100 million, sources close to the raising said.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Virgin set to follow Qantas in raising fares
Airlines are increasing airfares as domestic demand remains robust and both carriers chase margin growth.
- Ayesha de Kretser
Opinion & Analysis
Why CBA’s Comyn wants a fight with big tech
Commonwealth Bank boss Matt Comyn is defending the contribution of large Australian companies and criticising the lack of scrutiny of the big tech giants.
Columnist
Two halves of the Seven empire are at war over The Nightly
If the Anthony De Ceglie-led digital newspaper The Nightly falters, prepare for a long slow death. If it succeeds, Seven’s power shifts west.
Media and marketing reporter
Investors find a fresh reason for jubilation
Investors have abandoned hopes of a volley of rate cuts this year, but they remain hopeful that strong US economic activity will boost corporate profits.
Columnist
Will this model keep working for fashion darling Cettire?
Share sales by the founder, opaque operations and a ballooning valuation: the luxury platform remains controversial with investors.
Senior reporter
Companies in the News
Commonwealth Bank
Macquarie Group
ASX Limited
Updated: Mar 11, 2024 – 4.30pm. Data is 20 mins delayed.
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Featured
- Analysis
- Due diligence
G8 tries to escape childcare’s returns quagmire
The biggest listed player in childcare posted better profit results. But after years in the shareholder doldrums, many hurdles to consistent profit loom.
- Liam Walsh
- Investigation
- Retail
We spent $1300 shopping at Cettire. Here’s what happened
It’s the buzziest stock on the ASX, thanks to “eye-watering” sales and wide margins. Customer reviews aren’t all so glowing. What’s behind the success?
- Jonathan Shapiro and Carrie LaFrenz
- Analysis
- Due diligence
Telstra dials up cost cuts as big business puts it on hold
Almost a year into running the telco, chief executive Vicki Brady needs to quickly tackle poorly performing businesses before they become too much of a drag on profit.
- Jenny Wiggins
More From Today
- Opinion
- Fintech
Why CBA’s Comyn wants a fight with big tech
Commonwealth Bank boss Matt Comyn is defending the contribution of large Australian companies and criticising the lack of scrutiny of the big tech giants.
- Jennifer Hewett
ANZ’s private bank joins crowded race for country’s richest families
The local bank has penned a deal with a fixed-income manager to tailor a bond portfolio for its richest clients.
- Aaron Weinman
ASX in war of words with Magnis Energy as shares remain suspended
Once one of the most promising renewables plays with a market capitalisation of some $500 million, the company has been told to outline its sales contracts.
- Kylar Loussikian
Cettire defends CEO’s $127m share sale ahead of stock slump
Dean Mintz offloaded the stake in the luxury retailer after questions were raised about the company’s customs duties. He remains the largest shareholder.
- Carrie LaFrenz and Jonathan Shapiro
Comyn lashes low scrutiny of tech giants’ ‘economic miracle’ returns
Commonwealth Bank boss Matt Comyn says local companies are being subjected to significantly more scrutiny than Apple, Meta and Google despite their big margins.
- Updated
- James Eyers
Cameron Partners chases buy-side role for Fisher Funds stake
Cameron Partners offered some insight – and a potential solution – around managing Fisher Funds’ part owner Toi Foundation.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Sydney toll agreements still stuck in coins era
If NSW is serious about rethinking Sydney’s toll roads, you can bet motorists (and voters) will be happy to see it put a bit of heat on Transurban.
- Anthony Macdonald
New Corrs HQ shows the power of Collins St
Corrs CEO Gavin MacLaren pays his lawyers like bankers. Now, the firm wants to work near them too.
- Mark Di Stefano
Matt Comyn takes aim at tech giants
Commonwealth Bank chief executive Matt Comyn says there is a lot of focus on big Australian corporates but a lack of scrutiny on big internationals like Apple.
- Updated
BoQ backs Temenos amid claims software provider selling ‘vapourware’
Activist investor Hindenburg Research alleges the company has employed aggressive accounting practices and sold faulty products to local lenders.
- Lucas Baird
Untangling KPMG’s excruciating closeness to Westpac
Westpac is also KPMG’s banker, and a major consulting client of the big four firm. Auditors are meant to be independent, and so this just won’t do.
- Myriam Robin
All eyes on GQG co-founder Rajiv Jain; $300m block tipped
Sources said Macquarie Capital’s desk, in particular, has been testing market appetite.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Barrenjoey, Canaccord raising for Lake Resources; 39.1pc discount
Lake had Barrenjoey and Canaccord Genuity seeking buyers for 214 million shares at 7¢ apiece, which was a steep 39.1 per cent discount to the last close.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Chalmers pushes planning scheme amid torrent of new banking rules
The treasurer said the so-called regulatory grid would force regulators to consider the burden of changes on lenders, especially smaller and regional groups.
- James Eyers
Mortgage hardship jumps as economic risk comes into focus
The risk that under-pressure borrowers pose to the economy “warranted ongoing close attention”, says the regulatory group in charge of the financial system.
- Updated
- Lucas Baird
Future Super keeps an ear out for potential buyers
Sources say while the company hasn’t launched an auction, it has been seeking out parties it thinks could pay near the $300 million mark to buy the entire business.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Aviation
Investors’ scepticism grows as Qantas management sells strategy
The airline’s chief executive, Vanessa Hudson, faces her most significant test since taking the top job as she leads discussions with shareholders and brokers.
- Kylar Loussikian and Ayesha de Kretser
Half of $195b toll hit on Sydney drivers will come from WestConnex
Excerpts of a review into NSW toll roads shows drivers will be slugged $195 billion by 2060, but major roads remain clogged at peak hour.
- Nick Bonyhady
Yesterday
ASX-aspirant Tasmea back in front of fundies, mandates brokers
Tasmea has mandated Shaw and Partners, Morgans and Unified Capital Partners as joint lead managers for an IPO of about $50 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Two halves of the Seven empire are at war over The Nightly
If the Anthony De Ceglie-led digital newspaper The Nightly falters, prepare for a long slow death. If it succeeds, Seven’s power shifts west.
- Sam Buckingham-Jones
