Today
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.
April
Pact Group hit by Qenos fallout as Rich Lister circles
Rich Lister Raphael Geminder extended his buyout offer 12 times for packaging group Pact, a large customer of the failed Qenos plastics resins business.
- Updated
- Simon Evans
- Opinion
- Electric vehicles
Musk sells the Tesla dream, skips the details
On the car maker’s results call this week, the numbers were bad but the words were dreamy. Perhaps too dreamy.
- Liam Denning
Elon Musk’s robotaxi dreams plunge Tesla into chaos
Plans for a self-driving taxi are being prioritised over a cheaper Tesla that investors prefer, company insiders say.
- Edward Ludlow and Dana Hull
Look beyond the short term for benefits of Australian-made policy
Readers’ letters on the need for a long-term view of the Future Made in Australia policy; Anzac Day’s poignant message; the battle with Elon Musk over content; a better way to combat Iran; handouts for rich fossil fuel companies; and a rescue plan for Tritium.
- Opinion
- Electric vehicles
How China plans to win the global EV war
The US and European governments are increasingly alarmed at the potential for China’s EV ambitions to put their own car manufacturers at risk.
- Updated
- Jennifer Hewett
- Opinion
- Chanticleer
Will Musk now deliver the ‘biggest value appreciation in history’?
Elon Musk has a new vision: AI-fuelled autonomy allows Tesla to move beyond its past as a car maker or energy company to become a new style of tech giant.
- James Thomson
EV charging play ChargeNet hits the road for equity injection
The company, which bills itself as NZ’s largest EV charging network, is chasing $27.5 million in equity capital to supercharge its growth.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Why Elon Musk faces a $500b ‘moment of truth’ this week
The market is losing faith in Tesla’s growth. Its CEO must answer one question to win investors back.
- Updated
- James Thomson
Ellerston Capital plugs into Brisbane’s NOJA ahead of second-half IPO
Its post-money valuation was just shy of $500 million and an ASX listing is on track for the second-half, investor sources said.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Updated
- Manufacturing
Australian manufacturing poster child Tritium fails days after Qenos
The EV charging company was cited by the PM as a “lost opportunity” that could have been kept in Australia with more government support, but it failed in the US.
- Updated
- Nick Bonyhady and Tom Rabe
$650 for RM’s? ‘People want handcrafted,’ says Nicola Forrest
Nicola Forrest says people are tiring of throwaway fast fashion as the iconic company she co-owns lifts capacity to tap into a fast-growing market for women’s boots.
- Simon Evans
Coventry Group raise upsized after strong demand
The industrial parts supplier has upped its equity raise to $30 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Coventry Group in $27 million raise to fund NZ acquisition
Shares went into a trading halt on Monday morning ahead of an announcement.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Letters to the Editor
Keating’s reforms fell short of making Australia a top economy
Readers’ letters on Paul Keating and Australia’s standing in the economic world, the myth of ever-growing productivity; magical thinking in the debate over Palestinian statehood; the market’s overreaction to inflation data; and the need for investment in quantum computing.
- Opinion
- Chanticleer
Seven’s Boral sweetener lets everyone claim victory
A new dividend and some peacemaking by Ryan Stokes has sealed Seven’s takeover of Boral.
- Updated
- James Thomson
- Exclusive
- Manufacturing
Sanjeev Gupta’s Whyalla steelworks crippled by blast furnace strife
The shutdown, which has run for four weeks so far, is an unwanted hit to the finances of the British industrialist’s struggling manufacturing empire.
- Simon Evans
- Opinion
- Letters to the Editor
Subsidies are not the answer to Australia’s manufacturing problem
Readers’ letters on Anthony Albanese’s Future Made in Australia Act, our poor record on tax reform, the case against a two-state solution in Palestine, and Peter Dutton’s nuclear distraction.
Ansell strikes ‘attractive’ $974m Kimberly-Clark deal
The maker of medical gloves is raising up to $465 million in capital to expand into scientific laboratories and safety eyewear with the Kimtech and KleenGuard brands.
- Simon Evans
Terms out for Ansell’s $400m raising to acquire Kimberly-Clark unit
The company will split the acquisition financing into a $400 million placement, a $US377 bridge debt facility, and a $65 million share purchase plan.
- Sarah Thompson, Kanika Sood and Emma Rapaport