Today
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.
- 58 mins ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
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
- 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
- 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
May
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
- Exclusive
- Courts
Westpac sues insurers over $1.3b AUSTRAC penalty
AFR Weekend understands that the bank believes it is eligible to claim $400 million from its insurers over the AUSTRAC fine.
- Lucas Baird
PEP, Revolution and NZ Super back Anchorage’s EL&F acquisition
Anchorage has form in the critical asset leasing and maintenance sector, having divested Rail First for a sweet four-times return.
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘Bait and switch’: Neoen’s Aussie bidders fuming at $10b Brookfield deal
Bank of America was advising the parent company on the Brookfield talks, while telling bidders in Australia they were prohibited from talking to anyone at the French mothership.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Where top investment bankers went to school
Pedigreed high schools are on equal footing with less salubrious institutions when it comes to shaping future deal makers. One top banker didn’t even finish year 12.
- Aaron Weinman
- Opinion
- Investing
Trump’s conviction compounds investor uncertainty
It remains to be seen whether the market’s bullishness can continue now that Donald Trump’s conviction looks set to usher in a period of divisiveness in US politics.
- Karen Maley
Documents storage business ZircoDATA shops $110m refinancing
Potential lenders for the latest deal would be thinking hard about what financial impact the breach might set off.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Crescent Capital gets into private credit business with key hire
Sinclair is well known in private equity circles, having headed up Westpac’s loan syndications and acquisition finance unit before PwC.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Anacacia Capital sparks auction at Force Fire Group; taps Greenstone
FFG is expecting post $106.4 million revenue and $8.7 million EBITDA in the 2025 financial year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Argonaut Securities nabs Macquarie natural resources analyst
The Perth-headquartered resources specialist is understood to have added Macquarie metals and mining research analyst Jon Scholtz to its west coast operation.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Citi debt capital market bigwigs depart the bank
Street Talk understands Ollie Williams and Keith Mitchell have left the investment bank.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Last day for Jefferies equities boss Andrew Norman
Normie’s hire, along with 30 or so of his chargers in 2019, put Jefferies on the map when it comes to equities trading.
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘Paying a pittance’: Australia Post wants banks to boost funding
Ahead of a Senate estimates hearing on Thursday night, Paul Graham says its banking service is heading towards a loss and contracts need to be redrawn.
- James Eyers
- Opinion
- US election
Investors find little to celebrate as focus shifts to US election
Investors are becoming increasingly anxious that massive US government deficits and increasing tariffs represent a dangerous inflationary cocktail.
- Karen Maley
