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Kerry Stokes’ Seven West Media has delivered an ultimatum to The Australian Financial Review’s owner, Nine Entertainment.

AFR to stop printing in WA after Seven’s ‘abuse of power’

Nine has been forced to pull its print editions of The Australian Financial Review from Perth after Seven West Media demanded doubled the cost of printing.

  • Sam Buckingham-Jones
PSC Insurance chief executive Tony Robinson.

PSC strikes $2b sale to Ardonagh in insurance broker deal

PSC helps arrange cover for everything from cyber-hacks on businesses to accidents and agricultural enterprises.

  • Updated
  • Liam Walsh

Australian Unity, NorthWest seek to part ways; taps C&W for unit sale

Cushman & Wakefield has opened a two-stage data room and is engaging with a targeted list of investors including institutions and high-net-worths.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Whyalla steelworkers cop 30pc pay cut as furnace damage worsens

The major plant, owned by Sanjeev Gupta’s GFG Alliance, has not been producing for months. South Australian officials are seeking an “independent assessment”.

  • Simon Evans

Macquarie’s Tim Joyce puts annual conference to good use

There’s nothing like the annual Macquarie Australia conference to drive home the synergies available to the full-service investment bank.

  • Updated
  • Myriam Robin

Seven, WIN turn off ‘loss making’ Ten in Mildura

A joint venture between Seven West Media and WIN will shut down at the end of June, cutting off the aerial signal to Network Ten in parts of regional Victoria.

  • Sam Buckingham-Jones

Opinion & Analysis

Albanese’s troubled critical minerals dream

The Albanese government has high hopes for much more downstream processing of critical minerals. But the numbers aren’t adding up. What can change that?

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.

Chanticleer

Columnist

Chanticleer

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. 

Chanticleer

Columnist

Chanticleer

BHP’s siren song to Anglo shareholders is operational excellence

A claim to be the mining sector’s “best operator” is a big part of BHP’s pitch to Anglo American shareholders, as it promises to get more blood out of the same stones.

Peter Ker

Resources reporter

Peter Ker

Companies in the News

Macquarie Group

mqg$190.700
 -0.21%

BHP Group

bhp$43.380
 -0.09%

Qantas

qan$6.210
 0.81%

ANZ Bank

anz$29.120
 1.15%

Updated: May 8, 2024 – 4.40pm. Data is 20 mins delayed.

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Featured

 X Corp owner Elon Musk.

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

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 CEO Mike Henry.

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

The sun sets on hopes for BHP’s Nickel West Kalgoorlie smelter.

Albanese’s troubled critical minerals dream

The Albanese government has high hopes for much more downstream processing of critical minerals. But the numbers aren’t adding up. What can change that?

  • Jennifer Hewett
Member-owned RACQ is the sunshine state’s second-largest insurer.

RACQ back on block, again, as Bank of America fires up sale

BoA’s crack financial institutions team Mike Evans and Pete Nicholls are understood to be leading the effort.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Departures lounge: Perpetual chairman Tony D’Aloisio and chief executive Rob Adams.

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
Westpac said its first half profit of $3.3 billion was down 16 per cent on the first half last year.

Westpac says it was stung by decade-long ‘Ponzi scheme’

The major lender is suing a fruit stall at Sydney’s Flemington Markets, alleging it conspired to falsify revenues and invoices to defraud it of $15 million.

  • Updated
  • Lucas Baird
Jon Gray says the investment themes of AI, energy and private credit are colliding.

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
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Will Harrison celebrates his match-winning kick.

2-for-1 tickets to the 2024 NSW Super Rugby Pacific season in Sydney*

In partnership with Rugby Australia, we are offering subscribers 2-for-1 tickets to see the NSW Waratahs in Sydney.*

Perpetual CEO Rob Adams will retire from the company once the sale of its trust and wealth businesses to KKR is complete.

Perpetual’s $2.2b KKR deal faces bleak reception

Shares in Perpetual slid almost 6.5 per cent on Wednesday after the $2.2 billion deal was met with scepticism from shareholders and analysts.

  • Updated
  • Aaron Weinman and Anthony Macdonald
Westpac CEO Peter King.

Westpac CEO wants super on a level playing field

The bank boss said comments by Apollo Capital Management should force an urgent rethink on regulatory rules for super funds.

  • James Eyers
The French government wants to tax motorways like France’s Autoroutes Paris-Rhin-Rhône

Atlas Arteria’s ‘back-up plan’ to fight French taxes

The tollroad group is cutting costs and jobs as it tries to keep dividends at current levels, chief executive Graeme Bevans says.

  • Jenny Wiggins
Holly Clements leads UBS’ local leveraged capital markets business.

UBS hands out debt business promotions; head of real estate exits

The investment bank is beefing up its leverage and debt capital markets business, naming Brooke Johnston as head of corporate lending and structured solutions.

  • Updated
  • Sarah Thompson, Kanika Sood and Emma Rapaport
Perpetual chairman Tony D’Aloisio.

Perpetual board faces fiery analyst call as $2.2b KKR deal lands

Oh, to be a fly on the wall at the offices of Washington H. Soul Pattinson!

  • Sarah Thompson, Kanika Sood and Emma Rapaport
A Bonza aircraft at Tullamarine Airport in Melbourne.

Citi’s Bonza links emerge in emails showing overdue invoices

The Wall Street investment banking giant is a lender to AIP Capital, the aircraft lessor tied to the budget airline and its ailing private equity owner.

  • Ayesha de Kretser
Senior portfolio manager of Australian Unity’s Future of Healthcare Fund, Victor Windeyer, in Sydney.

Australian Unity’s healthcare fund bounces to Perennial

The move should give the fund greater access to private company deal flow via Perennial’s private assets team.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Daniel Maiava playing for the embattled Melbourne Rebels earlier this month in a Super Rugby Pacific trial match.

2-for-1 tickets to the 2024 Super Rugby Pacific season*

In partnership with Rugby Australia, we are offering subscribers 2-for-1 tickets to see the Melbourne Rebels at AAMI Park.

21 per cent of US concussions are sporting injuries, according to Nurochek.

Concussion medtech start-up kicks off raise for US expansion

Headsafe hoping to break into the United States healthcare market with its NuroCHEK device, hitting up early-stage investors for $5 million.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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Mike Henry must have carefully planned his move for Anglo. Eamon Gallagher

BHP’s siren song to Anglo shareholders is operational excellence

A claim to be the mining sector’s “best operator” is a big part of BHP’s pitch to Anglo American shareholders, as it promises to get more blood out of the same stones.

  • Peter Ker
The Star superyacht moored at Marina Mirage on the Gold Coast on Tuesday morning.

Star Entertainment’s luxury yacht fire sale finds way to Federal Court

The family office of a wealthy Cypriot businessman has accused the gaming group of reneging on a sales agreement, and wants millions of dollars in compensation.

  • Max Mason and Zoe Samios
Origin Energy CEO Frank Calabria and Octopus Energy CEO Greg Jackson at the Octopus HQ in London.

Origin reaps $420m Octopus gain as Aware Super climbs on board

The UK energy disruptor has upped its valuation by 15pc, in a transaction that brought in Aware and raised the value of Origin’s stake beyond $2 billion.

  • Hans van Leeuwen

Yesterday

Cettire chief executive Dean Mintz earlier this year. He rarely makes public appearances and did not allow his photo from the Macquarie Australia Conference to be published.

Cettire founder makes rare appearance to talk up retailer’s growth

The luxury goods marketplace has been under considerable investor pressure with questions over some of the company’s duty and tax payment practices.

  • Carrie LaFrenz
Ruslan Kogan, founder and CEO of Kogan.com.

Board bought time for Kogan execs to settle $17 million windfall

Recently released emails show how the Kogan board delayed the settling of executive bonuses for cash, helping the return.

  • Mark Di Stefano