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Jon Adgemis’ PHG shelves auction for Annandale’s Empire Hotel
Sources said the auction’s price expectations of circa $39 million were out of whack with reality, given the asset has north of $30 million in debt.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Man lodges 20,000 noise complaints, Greens hold noise inquiry
Yes, aircraft noise complaints are rising, says Airservices Australia. But only because of one guy.
- Updated
- Myriam Robin
Karoon chairman in activists’ firing line over pay
Sandon wrote to chairman Peter Botten on Wednesday arguing that Karoon’s incentive structure had insufficient regard for shareholder value.
- Jonathan Shapiro
China’s TikTok makes useful idiots of us all
The viral video app’s figures for contribution to the Australian economy leave competitors out of the picture.
- Updated
- Mark Di Stefano
Bruce Lehrmann given extension to appeal but will be forced to pay
The former Liberal staffer has appointed barrister Guy Reynolds, SC, to review his case. He has until May 31 to lodge an appeal.
- Sam Buckingham-Jones
Bonza administrator still looking for new backers
Bonza’s move to enter voluntary administration is a “sad time for aviation and major blow for competition”, says the main body representing Australia’s network of airports.
- Ayesha de Kretser and Zoe Samios
Opinion & Analysis
Tritium collapse a cautionary tale for PsiQuantum support
Readers’ letters on the possible risks and rewards of investing in a quantum computing start-up; the disappointing demise of Bonza; Norway’s leadership on resource taxes; super funds avoiding liability for scammers; and a call for evidence for new gas developments.
Contributor
Down markets draw out the year’s biggest share trades
Big block trades are flying this week, which only ramps up the chase for the next big trade.
Columnist
Star chief’s sacking reveals boardroom exit wounds
“There is a narrative behind every departure,” former Star boss Robbie Cooke says. Unfortunately for Cooke, we’ve been given a rare glimpse into his.
Columnist
How BHP’s ‘Meticulous Mike’ prepared for Anglo American rebuff
Dubbed “Meticulous Mike” by the Australian media, the Canadian executive must have carefully planned his move for Anglo, down to the inevitable initial rejection.
Contributor
Companies in the News
Commonwealth Bank
The Star Entertainment Group
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Featured
- Analysis
- Social media
The real reason Elon Musk is taking on Australia
Australia has become the latest battleground for the billionaire’s global war on internet censorship, Will he win?
- Michael Pelly
- Investigation
- Shares
Broking bad: ASIC ‘threat’ fears about Morgans revealed
The corporate cop dealt with problems brewing at leading stockbroker Morgans for three years before a public crackdown. New documents detail the scale of its concern.
- Liam Walsh
BHP has UBS, Barclays in corner as it eyes mega Anglo American deal
Sources close to discussions said negotiations were at an early stage and other miners were interested in the London-based producer of platinum and copper.
- Sarah Thompson, Kanika Sood and Emma Rapaport
More From Today
Australia eyes UK, India for sheep meat trade ahead of live export ban
China, the United Kingdom and India are among countries the Australian government hopes will buy more processed sheep meat after it bans live export.
- Tom Rabe
Tritium collapse a cautionary tale for PsiQuantum support
Readers’ letters on the possible risks and rewards of investing in a quantum computing start-up; the disappointing demise of Bonza; Norway’s leadership on resource taxes; super funds avoiding liability for scammers; and a call for evidence for new gas developments.
‘Economy-proof’ gin delivers windfall for ex-Macquarie banker
George Georgiadis left finance to build a gin business with two mates eight years ago. They’ve hit payday with a buyout by Asahi.
- Simon Evans
Sydney brewery raises capital, inks deal with finals favourite Swans
Charge your glass for White Bay Brewery! It’s got private equity, it’s got Merivale, and now it’s got AFL finals favourite Sydney Swans drinking from its taps.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Ex-Bapcor boss braces for the worst after CEO no-show
“I should have sold a long time ago,” says former Bapcor CEO Darryl Abotomey, adding that it is disappointing to see the company go through more turmoil.
- Simon Evans
- Opinion
- Chanticleer
Down markets draw out the year’s biggest share trades
Big block trades are flying this week, which only ramps up the chase for the next big trade.
- Updated
- Anthony Macdonald
- Exclusive
- Payments
Airwallex’s local outpost reverses to loss
The local outpost of one of Australia’s largest technology start-ups tripped to a deep loss after a big increase in costs.
- Updated
- Lucas Baird
Woolworths shareholders to pocket proceeds from Endeavour sale
The supermarket giant offloaded a 5 per cent stake in the owner of Dan Murphy’s, realising $468 million for its shares.
- Carrie LaFrenz
- Opinion
- Chanticleer
Star chief’s sacking reveals boardroom exit wounds
“There is a narrative behind every departure,” former Star boss Robbie Cooke says. Unfortunately for Cooke, we’ve been given a rare glimpse into his.
- Anthony Macdonald
What will central banks do in a cashless world?
The development puts new pressure on such institutions to reimagine their role and become more innovative.
- Mariana Mazzucato and David Eaves
MinRes in row over lithium processing hub
Poseidon Nickel, worth $22 million, has mounted a David versus Goliath legal battle with $14.1 billion MinRes over assets in the Western Australian Goldfields.
- Brad Thompson
- Analysis
- Mergers & acquisitions
How BHP’s ‘Meticulous Mike’ prepared for Anglo American rebuff
Dubbed “Meticulous Mike” by the Australian media, the Canadian executive must have carefully planned his move for Anglo, down to the inevitable initial rejection.
- Tom Wilson and Nic Fildes
- Opinion
- Interest rates
The Fed won’t move on rates, but investors will still hang on Jerome Powell’s every word
If the Fed concludes overnight that US inflation is stuck at around 3 per cent, it’s unlikely to cut rates at all this year and that will weigh on asset prices, including shares.
- Karen Maley
Morgans’ head of Brisbane corporate advisory exits
Wednesday will be John Polinelli’s last day at Morgans, according to an internal staff memo seen by this column.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Qantas says app now stable, still investigating malfunction
The Flying Kangaroo is investigating a system malfunction that gives passengers access to other Qantas customers’ data.
- Ayesha de Kretser
NexGen Energy $200m raise upsized after strong demand
The Canadian miner had its brokers warming up fund managers for a $200 million equity placement on Tuesday evening, Street Talk understands.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
How this founder built a $7.7b fortune by banning kids
Torstein Hagen created Viking Cruises with a focus on wealthy holiday makers travelling without kids. It’s now set to bring him a fortune.
- Pui Gwen Yeung and Anders Melin
Why AGL’s staff are happier after a major plant closure
AGL will use the Liddell decommissioning as a blueprint for plant shutdowns, after it managed to move 100 per cent of workers into new roles.
- Agnes King
This company pays you for your commute with extra days off
This fintech has taken a different approach to getting people back into the office and the results are paying dividends for diversity, too.
- Ayesha de Kretser
This policy has retained every mum on staff
Three months’ paid leave, six coaching lessons and $1000 for a new wardrobe – that’s what Hatched’s parents said they wanted. They got it.
- Sam Buckingham-Jones
