Today
- Opinion
- Opinion
How 138-year-old Perpetual came unstuck
It is a sad day for Australian funds management. The Perpetual equities team, which stood up to Woolworths, Crown, Brambles, Ramsay and IAG will have to find a new name.
- Updated
- Anthony Macdonald
- Opinion
- Opinion
How Goodman Group’s data centre dream could be super-sized
The next generation of data centres will require even more land. That’s something Greg Goodman says his group can provide.
- James Thomson
- Opinion
- Opinion
Blackstone’s Jon Gray reveals ‘defining theme for the next decade’
The Wall Street titan says three megatrends that have driven Blackstone to $1.9 trillion in assets under management are now combining in a unique way.
- James Thomson
- Opinion
- Opinion
‘I’m not Buffett’: Druckenmiller on Nvidia, Trump and the Fed’s error
Wall Street legend Stan Druckenmiller has profited from the Federal Reserve’s dovish pivot, though he says it could get harder for investors to time AI’s boom.
- James Thomson
Yesterday
- Opinion
- Opinion
The chart that gives Goldman confidence M&A is on the up
Be wary of bankers talking deal pipelines. But what you can rely on them for is a good chart. Goldman Sachs’ M&A boss Marissa Freund didn’t disappoint.
- Updated
- Anthony Macdonald
- Opinion
- Opinion
RBA is still betting on Goldilocks. Investors shouldn’t follow suit
With the ASX 200 back near record levels, investors are betting Michele Bullock is right on a soft landing. But with uncertainty high, a more all-weather approach looks sensible.
- Updated
- James Thomson
- Opinion
- Opinion
The sneaky bad news in the banks’ $4.5b buyback bonanza
ANZ joined the bank buyback party on Tuesday. Investors love getting excess capital back, but do these buybacks show the banks are short of growth options?
- Updated
- James Thomson
- Opinion
- Opinion
The four key themes dominating Macquarie’s talkfest
Macquarie chief Shemara Wikramanayake is the perfect person to open the biggest investor conference of the year with the last of her issues a sleeper for a lot of us in Australia.
- Updated
- Anthony Macdonald
- Opinion
- Opinion
Ken Moelis on Trump, interest rates and Ozempic
The billionaire investment banker thinks Donald Trump has his nose in front in the US presidential race, and that could have ramifications for interest rates.
- James Thomson
This Month
- Opinion
- Shares
Transurban’s buying and building days not done yet
Investors would have reacted much more strongly to any sort of distribution guidance. Instead, Transurban’s Michelle Jablko gave them the long road to value creation.
- Anthony Macdonald
- Opinion
- Opinion
Westpac shows how banks are mortgage war casualties
Peter King says Westpac is hunting growth. But he won’t find it in old-fashioned mortgages and deposits, where returns have been brutally competed away.
- James Thomson
- Opinion
- Optus
Fresh meat in the Optus sandwich promised a helping hand
Optus and its owner, Singtel, have made governance changes to try to make the incoming CEO’s job easier. We’ll wait to see the proof.
- Anthony Macdonald
- Opinion
- Opinion
Admitting Qantas’ ‘ghost flight’ misconduct is a win for Hudson
Qantas CEO Vanessa Hudson has taken the pragmatic approach of fessing up to the ACCC and ending the so-called ‘ghost flights’ case. It’s another step in her rebuild.
- James Thomson
- Opinion
- Opinion
Macquarie guru Viktor Shvets says mind the generation gap
The pro-Palestine protests at university campuses around the world are a symbol of the generational transition under way. Investors should be ready.
- James Thomson
- Opinion
- Opinion
Blood in the water: Star needs a CEO to stop sharks tearing it apart
Star’s board, beaten and bruised, has a short window to try to keep the entity together. If it misses this, sharks will move in. They’re already circling.
- Updated
- Anthony Macdonald
- Opinion
- Dividends
Big banks hand out the treats to keep investors sweet
The banks have a few lollies for shareholders. NAB’s was capital management, Westpac is likely to follow suit.
- Anthony Macdonald
- Opinion
- Opinion
Why Wikramanayake says a tough year proves Macquarie’s growth story
Investors have been looking past the group’s big profit drop and betting that the drought in renewable energy asset sales will end. But the rebound may be bumpy.
- Updated
- James Thomson
- Opinion
- Opinion
New NAB boss Andrew Irvine on trust, banker pay and client weddings
Andrew Irvine has inherited a solid strategy, but five weeks into the job he’s not afraid to weigh in on tough issues such as banker bonuses and regulatory creep.
- James Thomson
- Opinion
- Opinion
Wesfarmers sprays growth bets, waiting for payoff
Wesfarmers’ hefty businesses proved their resilience in the pandemic. Now, with shares breaking $65 for the first time, Rob Scott needs us to think about growth.
- Updated
- Anthony Macdonald
- Opinion
- Opinion
Woolies’ reputational crisis has cost it $8b and counting
The supermarket giant has aggressively brought down prices, but its sales are growing far more slowly than its great rival. That’s a serious problem.
- James Thomson