Latest
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 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?
Columnist
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.
Columnist
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.
Columnist
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.
Resources reporter
Companies in the News
Macquarie Group
Westpac Banking Corporation
National Australia Bank
Updated: May 8, 2024 – 4.40pm. Data is 20 mins delayed.
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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
- Opinion
- Critical minerals
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
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
- Opinion
- Chanticleer
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 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
- Opinion
- 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.
- James Thomson
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.*
- Updated
- Private equity
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 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
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
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 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
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
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
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.
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
- Analysis
- Mergers & acquisitions
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
- Exclusive
- Super yachts
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 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 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
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
