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Businessman and former AFL chairman Mike Fitzpatrick sits on the board of Australian Wealth Advisors Group.

M&A hungry Australian Wealth Advisors Group beefs up board

The financial services firm will announce the appointment of industry veteran David Slack to its board on Wednesday, Street Talk understands.

  • 1 hr ago
  • Sarah Thompson, Kanika Sood and Emma Rapaport
Lendlease CEO Tony Lombardo and Tanarra Capital’s founder John Wylie.

Wylie urges Lendlease to fix ‘arrogant’ culture

In a letter to the property giant, Tanarra Capital made eight recommendations it said was needed “not just for future success, but for its survival”.

  • 1 hr ago
  • Aaron Weinman

Bidder field narrows for Whitehaven’s selldown at Blackwater coal mine

Indian steelmaker JSW has submitted a proposal, and would be competing against a Japanese bidder and an Indonesian entity in the auction’s final stage.

  • 1 hr ago
  • Sarah Thompson, Kanika Sood and Emma Rapaport

Oil Search director’s comments allegedly cost exec new job

Former Oil Search executive Ayten Saridas allegedly lost a job she had begun working in after disparaging remarks from a board member contacted as a reference.

  • Max Mason

Transurban says it was not involved in Rozelle Interchange design

The tollroad operator has told a NSW inquiry into the congestion that the original design was published well before it acquired WestConnex.

  • Jenny Wiggins

National Group flirts with US high-yield bond market amid sale, refi

Sources say a handful of Wall Street banks – Jefferies not included – have been gauging appetite for National Group to print a high-yield bond deal.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Opinion & Analysis

The big worry for car makers: what if the EV slowdown is not a blip?

If politicians cannot persuade consumers to buy EVs, will they tear up their net-zero pledges, or turn to other measures to drive sales?

Peter Campbell

Contributor

We should be glad banks are speaking up

Australia’s big banks are at the coalface of the economy. Governments should be listening when they highlight the need for change.

Nick Hossack

Columnist

Nick Hossack

Ten flips the Higgins narrative against Seven

Judge Michael Lee must decide if a man who may have lied to his lawyers, judges and the public has a reputation worthy of being protected.

Aaron Patrick

Senior correspondent

Aaron Patrick

Higher oil prices, inflation and debt give investors plenty of worries

There’s little wonder US bond yields are pushing higher, sending sharemarkets lower. The big question is whether this will turn into a full-blown correction.

Karen Maley

Columnist

Karen Maley

Companies in the News

Qantas

qan$5.410
 -1.46%

Austal Limited

asb$2.380
 -2.06%

BHP Group

bhp$44.860
 -0.60%

Commonwealth Bank

cba$117.810
 -1.88%

Mirvac

mgr$2.300
 -2.95%

Updated: Apr 3, 2024 – 4.10pm. Data is 20 mins delayed.

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Defining legacy: Brisbane’s messy path to the Olympics

It will be a long haul to transform the QEII stadium to Olympic standard. That’s just one of the hurdles for Queensland.

  • Updated
  • Zoe Samios, Michael Bleby and Tess Bennett
Laurence Escalante built Virtual Gaming Worlds from the ground up. Its success has underpinned his near $4 billion fortune.

Laurence Escalante is living large off controversial gambling billions

At 42, he is one of the country’s youngest billionaires. But Virtual Gaming Worlds investors hoping for a big payday are increasingly concerned it may not come.

  • Updated
  • Primrose Riordan and Zoe Samios
John Sutherland is the manager of Crown Resorts’ Capital Golf Club in Melbourne. The popularity of these clubs has led the casino group to consider opening it up for membership.

$50,000 to join a golf club? Members are coming in droves

Not only are the top clubs extremely expensive, they’re also extremely secretive. And in high demand.

  • Zoe Samios

More From Today

Craig Williams rides Mr Brightside (white silks) to victory in the CF Orr Stakes at Caulfield.

Flutter warns of Sportsbet headwinds as annual profits slide

Sportsbet boss Barni Evans would not rule out job losses after parent company Flutter revealed the local offshoot’s financial results.

  • Zoe Samios
Taylor Auerbach, Mark Llewellyn and Steve Jackson.

‘Mission finally accomplished’: How Seven got its Lehrmann exclusive

After a four-month mission, thousands of dollars, and allegations of prostitutes and drugs, Seven finally secured a tell-all interview with Bruce Lehrmann.

  • Sam Buckingham-Jones
Offshore oil industry vessels in the Gulf of Mexico. The acquisition of interests in the region diversified Karoon’s production from the Bauna oil field that lies off Brazil’s coast.

Karoon plots path from oil junior to major through the Gulf of Mexico

The ASX-listed group spent $1.1 billion buying the interests last year. It plans to increase its spending in a bid to boost reserves by more than a third.

  • Updated
  • Angela Macdonald-Smith
Sustainably produced gold could attract a premium price in the future.

Massive cost blowout could scupper Regis’ NSW gold mine hopes

The development will now need more than $1 billion to come online, leaving brokers warning that it may never get off the ground. Regis shares fell 4 per cent.

  • Elouise Fowler
Chemist Warehouse’s deal to list via Sigma Healthcare is part way through an ACCC merger review.

Why big Sigma backer sold down ahead of Chemist Warehouse ruling

It is usually worth following the money in merger deals, which makes trading in Sigma Healthcare interesting.

  • Updated
  • Anthony Macdonald
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Prominent Melbourne businessman Leigh Clifford is trying to save the Melbourne Rebels.

Leigh Clifford-backed consortium moves to takeover Melbourne Rebels

A group led by the former Qantas chairman is trying to move the rugby union team, which collapsed into administration this year, to the city’s western suburbs.

  • Zoe Samios
Michael Usher (left) interviews Mark Llewellyn at SXSW in Sydney.

Spotlight’s Mark Llewellyn, in Bruce Lehrmann’s reflection

The explosive affidavit now at the centre of the Lehrmann saga details the alleged involvement of Seven’s TV producer extraordinaire.

  • Myriam Robin and Mark Di Stefano
The fund, Hunterbrook Capital, places trades based on scoops uncovered by reporters at the newsroom, Hunterbrook Media, which is separated by a layer of compliance.

News-powered hedge fund raises $100m to trade on reporters’ scoops

Hunterbrook Capital places trades based on scoops uncovered by reporters at its affiliated newsroom, Hunterbrook Media, which is separated by a layer of compliance.

  • Kate Duguid and Joshua Franklin
The Inspired Unemployed’s Jack Steele and Matt Ford have a major stake in Better Beer. Mighty Craft owns 33 per cent.

Mighty Craft in last ditch sell-off to get debt burden under control

The ASX-listed group, which owns a big stake in Better Beer, has sold Mismatch Brewing and the 78 Degrees spirits business to a consortium of publicans.

  • Simon Evans
Zhang Lei founded Hillhouse in 2005 after receiving $20 million of seed capital from Yale University.

Hillhouse Capital plots Australian outpost, snares ex-Blackstone exec

The private equity firm has about $63 billion in assets, but like many of its peers, the investor wants to expand throughout Asia.

  • Aaron Weinman
Even BYD has seen price cuts dent its profitability, while on Tuesday it announced that sales in the first quarter fell 42 per cent.

The big worry for car makers: what if the EV slowdown is not a blip?

If politicians cannot persuade consumers to buy EVs, will they tear up their net-zero pledges, or turn to other measures to drive sales?

  • Updated
  • Peter Campbell
In his last public appearance as CEO of National Australia Bank, Ross McEwan said the government needed to lift its building policies to counter the surge in immigration.

We should be glad banks are speaking up

Australia’s big banks are at the coalface of the economy. Governments should be listening when they highlight the need for change.

  • Nick Hossack
Hanwha acquired control of Daewoo Shipbuilding and Marine Engineering this year.

Christopher Pyne emerges as Hanwha’s man in Canberra

The Korean conglomerate has lobbed a $1 billion bid for ASX-listed Austal. The local shipbuilder has rejected the offer, saying it won’t be approved.

  • Kylar Loussikian
The last known photo of Bruce Lehrmann, on April 1 in the Sydney suburb of Balgowlah.

Ten flips the Higgins narrative against Seven

Judge Michael Lee must decide if a man who may have lied to his lawyers, judges and the public has a reputation worthy of being protected.

  • Aaron Patrick
Taylor Auerbach and Bruce Lehrmann.

Seven allegedly paid thousands for drugs, prostitutes for Lehrmann

In three explosive affidavits, a former Seven producer claims the network paid for housing, meals and drugs to score a tell-all interview with Bruce Lehrmann.

  • Updated
  • Sam Buckingham-Jones
Advertisement
The higher oil price is one factor keeping US inflation higher.

Higher oil prices, inflation and debt give investors plenty of worries

There’s little wonder US bond yields are pushing higher, sending sharemarkets lower. The big question is whether this will turn into a full-blown correction.

  • Karen Maley
LVX Global has done work on Harvey Norman’s MacGregor Centre in Brisbane

Bombora-backed IPO hopeful LVX Global enters administration

Fort Restructuring has been appointed and is seeking urgent expressions of interest.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Soon investors could face a more balanced economy with rates closer to old averages.

Ushering in a Goldilocks era of private credit

There has been a pivot of buyout financings from public to private credit.

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by Nuveen

Austal chairman John Rothwell set up Austal in the late 1980s.

Austal’s long-serving chairman weighs retirement as bids land

Multimillionaire John Rothwell founded the Forrest family-backed shipbuilder in the 1980s and has been at the helm since.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Just 20 per cent of Qantas’ pilot intake at its academy in recent years were women despite the airline having a formal target of 40 per cent by 2028.

Internal documents provide clues of Qantas’ new frequent flyer scheme

A new tier of rewards as part of the long-awaited revamp will not be available on Jetstar. But it will be there for all Qantas Loyalty members at the same time.

  • Ayesha de Kretser