Latest
Proxies line up against Karoon Energy board pay at AGM
More than 26.25 per cent of proxy votes were cast against its executive pay regime ahead of the company’s annual general meeting in Sydney on Thursday.
- 1 hr ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
NSW pays to keep coal firing | Nvidia’s share price is about to plummet | Sunak’s election gamble
Read everything that’s happened in the news so far today.
- 1 hr ago
Wall Street banks plunder Jarden’s ranks as bonuses land
The exodus – which continues to unfold – has already included eight people who resigned on Wednesday, followed by another three this morning.
- 1 hr ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
Blow for Bain and Accolade Wines as growers reject grape deal
The wine group says the contract has been handicapping it for years in an oversupplied market, as investors in smaller player Australian Vintage brace for bad news.
- Simon Evans
Optus sued by regulator for breaches in 2022 cyberattack
The communications regulator has filed a lawsuit in the Federal Court claiming Optus did not protect customers’ information before it was struck by a cyberattack.
- Jenny Wiggins
Why Bonza failed and what it means for airline competition
This week on The Fin podcast, aviation reporter Ayesha de Kretser on the dramatic downfall of Bonza and whether it’s possible for another airline to ever thrive in this market.
Opinion & Analysis
Why NSW had to underwrite Origin’s coal-fired plant
NSW cannot afford to allow Origin Energy to shut Eraring Power Station, so it has offered up a generous insurance policy.
Columnist
Make no mistake, BHP’s Anglo dream is alive and kicking
Mike Henry has finally got what he always wanted – a chance to convince the Anglo American board of the merits of his deal. But he’s paid a hefty price to get here.
Columnist
The Anglo mine BHP craves explains why a deal boom is coming
Investors expect the growing demand for copper and the surging costs of building new mines will spark a frenzy of big mining deals, regardless of the outcome.
Columnist
Private capital not there for nuclear dream
There’s vested interests everywhere in the energy sector, but it’s hard to find a deep-pocketed investor interested in nuclear over renewables and gas.
Columnist
Companies in the News
The Star Entertainment Group
Telstra Corporation
ASX Limited
Mineral Resources
Updated: May 23, 2024 – 1.04pm. Data is 20 mins delayed.
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Featured
- Analysis
- Due diligence
ARN Media’s M&A record holds out for elusive win
After seven months, the dream of an ARN-Southern Cross combination fell apart. But if history is any guide, M&A has been a source of unease for ARN investors.
- Jemima Whyte
How the west’s miners won over Canberra
The production tax credits on critical minerals processing unveiled in the federal budget were the result of months of careful negotiations that started with a meeting in Perth.
- Brad Thompson
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
More From Today
- Opinion
- Chanticleer
Why NSW had to underwrite Origin’s coal-fired plant
NSW cannot afford to allow Origin Energy to shut Eraring Power Station, so it has offered up a generous insurance policy.
- 3 mins ago
- Anthony Macdonald
No more ‘go-away’ money as companies take class actions to court
Corporate Australia will no longer pay “go-away” money to avoid shareholder class actions after plaintiff firms lost five major cases in a row, a trend lawyers said would encourage more boards to fight cases in the courts.
- Michael Pelly
Smash repairer Western General Bodyworks speeds back to auction block
A flyer seen by Street Talk, dubbed Project Optimus, said WGB has doubled EBITDA since it pulled the brakes on its previous sale attempt two years ago.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Virgin Money shareholders back $5.5b Nationwide takeover
Britain’s sixth-biggest bank, which is half-owned by Australian shareholders, will now exit the ASX and London Stock Exchange.
- Hans van Leeuwen
- Opinion
- Chanticleer
Make no mistake, BHP’s Anglo dream is alive and kicking
Mike Henry has finally got what he always wanted – a chance to convince the Anglo American board of the merits of his deal. But he’s paid a hefty price to get here.
- James Thomson
Yesterday
Anglo knocks back new $73.9b offer from BHP
BHP and Anglo American are a step closer to a deal after Anglo granted its Australian suitor seven extra days to make an improved offer.
- Peter Ker
- Opinion
- Chanticleer
The Anglo mine BHP craves explains why a deal boom is coming
Investors expect the growing demand for copper and the surging costs of building new mines will spark a frenzy of big mining deals, regardless of the outcome.
- James Thomson
Next Capital shops $40m-a-year remediation specialist Enviropacific
The business has been a beneficiary of heightened regulatory scrutiny around “forever chemicals” per- and polyfluoroalkyl substances, known as PFAS.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Private capital not there for nuclear dream
There’s vested interests everywhere in the energy sector, but it’s hard to find a deep-pocketed investor interested in nuclear over renewables and gas.
- Anthony Macdonald
- Opinion
- Critical minerals
Critical mineral miners chase China’s tail
The sector has welcomed the 10 per cent production tax credits but the big question is where the additional investment to fund growth will come from.
- Jennifer Hewett
Chairman swap at Plenary Group after arrival of Abu Dhabi wealth fund
The group is a significant player in public private partnerships, and has worked on projects including Gold Coast Light Rail and the Sydney Metro.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bird flu fears put health authorities, farmers on edge
Two unrelated cases of the potentially deadly virus have been detected in Victoria.
- Andrew Tillett
Lithium giant says China will remain pivotal to local mining projects
Local miners are torn between their dominant customer and investor over two decades, and the lure of subsidies from the US, Australia’s biggest defence ally.
- Elouise Fowler
The Star suitor and the fight over home in exclusive suburb
There hasn’t been confusion like this around casinos since “The Hangover”.
- Liam Walsh
Florence, the Snowy 2.0 machine, is stuck again
Snowy Hydro does not know how long it will take to restart the Florence boring machine on its $12 billion Snowy 2.0 pumped hydro scheme after it stopped tunnelling.
- Jenny Wiggins
- Exclusive
- Pubs
Public Hospitality Group’s Jon Adgemis raided by tax authorities
The company, which owns a sprawling portfolio of pubs, has been attempting to refinance its significant loans with Deutsche Bank in a bid to avert collapse.
- Updated
- Primrose Riordan and Sarah Thompson
Hancock exec says Cook’s California dream may mean higher emissions
Magnetite projects fit perfectly into Australia’s green future but are hamstrung by insufficient power, water and regulatory fatigue, Sanjiv Manchanda said.
- Vesna Poljak
- Opinion
- Chanticleer
Big China question hangs over Australia’s critical minerals sector
Geopolitical tensions between China and the West loom large over Australia’s critical minerals industry, and there are no easy answers.
- James Thomson
Pharmacy Guild still the natural enemy of competition
The guild’s preferred business model is for its members to be on high margins and their customers paying little, with the taxpayer eternally bridging the difference.
- Myriam Robin
Star may never be suitable to hold Sydney casino licence, inquiry told
In his closing remarks, assisting counsel Caspar Conde rejected a number of assertions made by Star about its suitability.
- Zoe Samios
