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Indonesian billionaires dig into Australian coal mines
Indonesian conglomerates have ploughed more than $3 billion on coal mining projects in NSW and Queensland since 2016, records show.
- 19 mins ago
- Elouise Fowler
Turnaround titans battle for Fletcher’s Tradelink; bids this week
Sources said both PE firms have been interviewing management candidates around the town, keen to lock in talent for the fix-up job should they win.
- 56 mins ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
Luke Sayers takes an ATO epiphany to the chest
The Tax Office’s disclosure lets off a stink bomb against the former PwC chief executive.
- Myriam Robin and Mark Di Stefano
Eyes on Brookfield’s ACCC approvals for Neoen
The Brookfield Global Transition Fund II targets mid-teen returns but Neoen would be lucky to break above the 10 per cent mark, sources said.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Rupert Murdoch hosts secret wedding as he eyes trip home
Rupert Murdoch tied the knot for a fifth time on Sunday. He could be visiting Australia as soon as next month.
- Sam Buckingham-Jones
Maurice Blackburn eyes tsunami of TV news lawsuits amid Nine strife
The law firm has put out a call for people in the commercial TV industry to share their stories of sexual harassment and unlawful discrimination.
- Sam Buckingham-Jones
Opinion & Analysis
From 400 red buses in Melbourne to $400m a year and a $4b payday
Bus company Kinetic is one of Australia’s unheralded success stories. In an industry full of family operators, no one has cracked it like Kinetic’s crew.
Columnist
The ghost of Dixon Advisory haunts planning industry
Financial planners are up in arms about being forced to pay out tens of millions of dollars in compensation to victims of the conflict-riddled wealth management firm.
Senior reporter
What these veteran analysts focus on when valuing companies
“Don’t fill my head up with irrelevant nonsense,” says David Errington who, like Brian Johnson and Charlie Green, is focused strictly on the big picture: cost of capital.
Senior Reporter
Guzman y Gomez’s $2.2b float is a small-target bet on growth
Much-hyped Mexican fast-food chain GYG has big long-term goals, but its near-term targets are more measured. The debate now will all be about valuation.
Columnist
Companies in the News
Commonwealth Bank
Westpac Banking Corporation
Nine Entertainment
Wesfarmers
Updated: May 31, 2024 – 4.40pm. Data is 20 mins delayed.
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Featured
Nine Entertainment executives begin review that could backfire on them
An external review of Nine Entertainment’s TV business and an anonymous tip-line have the potential to reshape power atop Australia’s largest media company.
- Sam Buckingham-Jones
Why Harvey Norman, JB Hi-Fi could be AI winners
Microsoft is making big bets on faster, more sophisticated computers. Harvey Norman, JB Hi-Fi and Officeworks could be unexpected beneficiaries.
- Jemima Whyte
- 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
More From Today
Directors at Network Ten owner Paramount back merger with Skydance
The global media company, which owns Network Ten in Australia, is up for sale by its billionaire owner Shari Redstone.
- Christopher Palmeri, Lucas Shaw and Michelle F. Davis
Investors fear more profit downgrades as pricing power crumbles
Erosion of pricing power for which many companies were once vaunted is shaping as the next leg of the confession season with less than a month of trading left.
- Simon Evans
New MoneyMe chairman accuses banks of stunting competition
The government’s open banking regime “hasn’t worked as designed”, nearly four years after its introduction, new MoneyMe chairman Jamie McPhee said.
- Lucas Baird and James Eyers
Tribeca Investment Partners parts ways with GSFM Funds Management
It is the final leg in Tribeca’s separation from the fundraising specialist, and a reminder of how much the firm has expanded since it was founded in 1998.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
From 400 red buses in Melbourne to $400m a year and a $4b payday
Bus company Kinetic is one of Australia’s unheralded success stories. In an industry full of family operators, no one has cracked it like Kinetic’s crew.
- Anthony Macdonald
- Opinion
- Financial planners
The ghost of Dixon Advisory haunts planning industry
Financial planners are up in arms about being forced to pay out tens of millions of dollars in compensation to victims of the conflict-riddled wealth management firm.
- Jonathan Shapiro
Madison Dearborn ups APM takeover price to $1.45; deal signed
MDP bumped its acquisition price to $1.45 a share to get APM’s independent board committee over the line.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Gold Coast prequel to Star’s Hard Rock overture
A storm erupted last month about Hard Rock’s ties to a deal for casino operator Star. This was not the first time such perplexity had emerged, it can be revealed.
- Liam Walsh and Zoe Samios
- Opinion
- Stock picking
What these veteran analysts focus on when valuing companies
“Don’t fill my head up with irrelevant nonsense,” says David Errington who, like Brian Johnson and Charlie Green, is focused strictly on the big picture: cost of capital.
- James Eyers
Yesterday
Fuel issue fixed after flight chaos but delays remain
Chaos has erupted at Perth Airport as more than a dozen flights have been cancelled due to a significant fuel supply issue plaguing the site.
- Updated
- Savannah Meacham
- Exclusive
- Hong Kong protests
Crosby Textor advised pro-Beijing HK officials
The Australian political consultancy provided advice used by pro-Beijing officials in Hong Kong ahead of the start of national security laws that dramatically curtailed free speech.
- Kylar Loussikian
May
GYG heads for ASX | The winner in failed Anglo bid | Invest like a Rich Lister
This week on the Chanticleer podcast, James and Anthony look at Guzman y Gomez’s IPO plans, try to find the winner in BHP’s failed bid for Anglo American, and show you how to invest like a Rich Lister.
Lehrmann files appeal without lawyers
Bruce Lehrmann has told the Federal Court he will appeal against the finding at his defamation trial that he raped former colleague Brittany Higgins.
- Updated
- Michael Pelly
- Breaking
- Online gambling
Stake.com billionaires buy more of local bookie Pointsbet
Ed Craven and Bijan Tehrani first bought shares in December through their fast-growing company EasyGo Gaming.
- Zoe Samios
Push for wider carbon capture ban in Great Artesian Basin
The Albanese government is being pressured to follow Queensland’s lead and slap a ban on carbon capture and storage projects in the entire underground water network.
- James Hall
- Opinion
- Chanticleer
Guzman y Gomez’s $2.2b float is a small-target bet on growth
Much-hyped Mexican fast-food chain GYG has big long-term goals, but its near-term targets are more measured. The debate now will all be about valuation.
- Updated
- James Thomson
Perth to be a Qantas hub under $3b peace deal
The agreement with Perth Airport includes a new terminal and runway, and will help establish the western city as a major port for the airline.
- Angus Whitley
Nine Entertainment executives begin review that could backfire on them
An external review of Nine Entertainment’s TV business and an anonymous tip-line have the potential to reshape power atop Australia’s largest media company.
- Sam Buckingham-Jones
Why businesses are pulling billions in deposits from NAB
It is the largest month-to-month fall in deposits at NAB in at least five years, according to new Australian Prudential Regulation Authority data.
- Updated
- Lucas Baird
‘Huge milestone’: Guzman y Gomez flags $2.2b IPO
After nearly 20 years in business, the Mexican food chain will make its ASX debut in June.
- Updated
- Carrie LaFrenz and Tom Richardson
