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Lachlan Murdoch returns home to executives on the edge
The media mogul returns to Australia with global CEO Robert Thomson, grappling with another News Corp restructure.
- 1 hr ago
- Mark Di Stefano
Budget gives $1.7b boost for green aviation fuel but still no mandate
While the EU, Singapore and Japan have all signed on to sustainable fuel mandates, the Albanese government will study the idea for another two years.
- Ayesha de Kretser
Directors welcome ‘no change’ report on disclosure laws
A review of continuous disclosure laws says the end of the no-fault regime for class actions has had no impact on “meritorious” claims
- Michael Pelly
Crescent launches $43m block trade in ClearView Wealth
Stockbroker Morgans Financial was seeking buyers at 59¢ a share or a 1.7 per cent discount to the last traded price.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Law graduates are about to crack a salary record
Top-tier graduates will earn more than $100,000 this year – in Sydney only – but law firms remain tight-lipped on pay rates despite moves towards transparency elsewhere.
- Maxim Shanahan
Aristocrat pops as pokies giant takes share in lucrative US market
Shares soared nearly 12 per cent after it rewarded shareholders with a 6¢ increase to its fully franked interim dividend. It expects to continue to grow there.
- Zoe Samios
Opinion & Analysis
How to build a cash war chest and get permission to spend it
Thursday’s two big profit results show what investors want from Australia’s big companies. And it doesn’t have to be just buybacks and special dividends.
Columnist
Queensland in secret bid to buy stricken coal-fired power plant
It’s three years since Queensland power station Callide C blew up, and the fallout hasn’t stopped. Now, a secret deal for the government to buy a 50 per cent stake is in doubt.
Columnist
Why BHP’s hopes of buying Anglo American are fading fast
BHP boss Mike Henry has taken his takeover pitch directly to Anglo American investors. But the hurdles to this bid are multiplying, and time is running out.
Columnist
Billions are not enough to realise critical mineral and renewable hydrogen hopes
Where the government can make a real difference is getting the basics right; starting with environmental approval processes is just too hard.
Corporate advisor
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Updated: May 16, 2024 – 3.58pm. Data is 20 mins delayed.
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Featured
Brookfield’s Healthscope debt trap is a mess for everyone involved
The investment giant is bringing its punchy approach to restructuring – and tactics more often found in the US – to Australia as it works on the hospital group.
- Jemima Whyte
- Investigation
- Rich List
For this Rich Lister, does the reality live up to the hype?
Property mogul and entrepreneur Shaun Bonett has a fortune of more than $2 billion, according to the Rich List. Those valuations might not live up to the hype.
- Primrose Riordan and Nick Bonyhady
- 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
More From Today
- Updated
- Aviation
Liquidators say a ‘clearly’ broke Air Vanuatu owes at least $99m
The airline had “a significant level of debt”, and employed “a high number of staff for an operation of [its] size and nature”.
- Updated
- Ayesha de Kretser
- Updated
- Food bowl
Fonterra puts its Australian dairy assets up for sale
The New Zealand-based co-operative is behind household brands such as Western Star butter and Mainland cheese and has eight local manufacturing sites.
- Updated
- Brad Thompson
Anglo American wants a single buyer for its Australian coal division
The London-listed diversified miner this week unveiled a major divestment plan designed partly to keep a $64.4 billion buyout proposal from BHP from succeeding.
- Peter Ker
- Opinion
- Chanticleer
How to build a cash war chest and get permission to spend it
Thursday’s two big profit results show what investors want from Australia’s big companies. And it doesn’t have to be just buybacks and special dividends.
- Anthony Macdonald
Biofuels battle: GrainCorp puts $500m-plus price tag on oilseed plant
Robert Spurway says market was underestimating the cost of building a major expansion, and the potential returns amid growing demand for biofuels.
- Brad Thompson
Atlas Arteria dodges second strike on remuneration at AGM
IFM Investors backed the toll road group’s remuneration report this year but the company has hit another setback in its attempts to raise toll fares in the US.
- Jenny Wiggins
Incitec Pivot blames gas prices for $498m fertiliser write-down
But the company said it could double returns if it sold those struggling operations to Indonesia’s PT Pupuk Kalimantan Timur and focused only on explosives.
- Simon Evans
Investors put Bingo on watch as debt trades at a discount
Street Talk understands a small clip of long-dated debt in Macquarie’s waste management play Bingo traded in the past few weeks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
HWL Ebsworth anoints ‘co-pilots’ to replace the late Juan Martinez
Australia’s largest legal partnership, HWL Ebsworth, has new leaders who are hoping for “not such a combative relationship with the media”.
- Michael Pelly
ACCC intervenes in bidding war over Namoi Cotton
The regulator’s intervention pushed shares down eight per cent at the start of trade on Thursday. It has fielded offers from France’s Louis Dreyfus and Olam.
- Kylar Loussikian
This small cap has rocketed since South32’s manganese mine disaster
Shares in Jupiter Mines have doubled in value since Cyclone Megan forced the closure of one of the world’s biggest producers of the steel making commodity.
- Tom Richardson
Big four, Japanese banks circle GPG Renewables’ $1.6b refinancing
Sources said GPG is in advanced discussions with several banks to come in on a $1.1 billion refinancing of its existing facilities.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Conscious IM bankrolls agricultural acquisition for carbon credits
Under the deal, Conscious has chipped in 100 per cent of the acquisition price as debt for Greening Australia to sole ownership of the property dubbed Dixieland.
- Sarah Thompson, Kanika Sood and Emma Rapaport
If AI can do the work of a grad lawyer, what does a grad lawyer do?
As tech increasingly takes on the legal grunt work, MinterEllison is trying to rethink the work and skills of its young lawyers.
- Hans van Leeuwen
Yesterday
Fundies have Regis Healthcare founder’s stake on their watch lists
The market has a close eye on founding director Bryan Dorman’s stake in the $1.2 billion aged care provider.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Queensland in secret bid to buy stricken coal-fired power plant
It’s three years since Queensland power station Callide C blew up, and the fallout hasn’t stopped. Now, a secret deal for the government to buy a 50 per cent stake is in doubt.
- Anthony Macdonald
CEOs to Labor: inflation still needs to be tamed
Measures to lift housing supply are being partly applauded, but a heavier push on curbing inflation seems to be missing in a two-speed economy.
- Simon Evans and Liam Walsh
- Updated
- Food
Beef giant’s earnings dip but CEO says there’s ‘strong demand’
The beef giant saw a drop in profits as rivals pushed more meat onto the market and costs rose.
- Updated
- Liam Walsh
Star Entertainment makes last-ditch argument to keep casino licence
Bret Walker, SC, appearing for the company, condemned the “deplorable” behaviour of former executives who an inquiry heard went to war with the regulator.
- Zoe Samios
Fiji Airways keen to keep Virgin Australia at bay
The Pacific’s biggest airline would consider a tilt at Air Vanuatu if its liabilities are limited to keep Virgin sidelined.
- Ayesha de Kretser
