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Macron has poured on the petrol. Someone will get burnt
The President hopes to prove that votes for the right in Europe were just voters venting steam. If he’s wrong, the consequences will be felt far beyond France.
ACCC overplaying Chemist Warehouse’s supply risks: Barrenjoey
The broker has told clients that the competition regulator has ignored independent wholesaler CH2 when warning the deal will mean less drug supply competition.
Fortescue’s British Formula 1 car designer loses chief executive
The Williams Advanced Engineering boss is the latest executive to exit Andrew Forrest’s empire. WAE is central to the company’s batteries ambitions.
Westpac to follow CBA by dumping Hayne-era bonus caps for bankers
Westpac chief executive Peter King said he was “considering our approach to ensure we remain competitive and keep the best bankers”.
Investors scramble for Guzman y Gomez shares amid hot demand
Sources said some investors interested in the $2.2 billion float received 10 per cent of what they had wanted, while others managed to grab 45 per cent.
- Exclusive
- Gillon McLachlan
Private equity giant Blackstone enlists former AFL boss Gill McLachlan
The businessman stepped down as chief executive of the AFL at the end of last year. He’s been linked to a range of roles across sport and wagering.
KPMG launches radical overhaul, cuts 200 senior jobs
KPMG Australia will overhaul its consulting business to focus on tech-related advisory and software installation as part of an $80 million cost-cutting exercise that will include cutting about 200 roles at the firm.
Australia’s most influential corporate column unpacks the most important stories in business, markets and politics.
chanticleer celebrates 50 years
The tallest tales from 50 years of Chanticleer
Movers and shakers from around Australia helped celebrate 50 years of The Australian Financial Review’s revered Chanticleer column. Here are the top tales and anecdotes from each of our past columnists.
- Opinion
- Chanticleer
Australian business is at a crossroads. Can we get out of our own way?
Chanticleer’s 50th anniversary celebration showed Australia’s long period of prosperity and growth will be challenged by geopolitics, regulation and competition.
‘Chanticleer for a day’ draws out three big issues
Infrastructure planning, boosting equity markets and re-thinking social advocacy by companies are three things these movers and shakers put on Chanticleer’s agenda.
The leak that got away: Chanticleer on Foxtel’s $2b losses
Seven former Chanticleer columnists reminisced about their biggest stories on Thursday to celebrate the column’s 50th anniversary. Here’s what they said.
Big business’ Voice advocacy backfired: new Qantas chairman
John Mullen said businesses should not be “completely anaesthetised” on social issues, but warned it can be dangerous for firms to back politicised causes.
Review
This physicist can prove that economics has it all wrong
J. Doyne Farmer, an American complex systems scientist says the world is more predictable than we think, and he can prove it.
- Opinion
- UK election
White Britons are receiving special attention but don’t tell them that
The most important ethnic group in British politics is the one nobody talks about.
All change as Prabowo prepares for the top job
Economic nationalism has been a constant in Indonesia and the incoming President has some firm views on the topic.
The trouble with psychedelics
The gold-standard methodology for testing a drug’s efficacy, the double-blind trial, does not work for substances that affect the mind.
Why peacetime will be a problem for Putin’s banker
For Elvira Nabiullina, head of Russia’s central bank, demilitarisation could trigger the economic meltdown she’s worked so hard to prevent.
Get the latest business news on the go with the AFR’s new iOS app.
Companies
Can investors de-risk the energy transition? It depends who you ask
Energy companies and big investors are pivoting to projects that can skirt the transition roadblocks, cut carbon and make money for shareholders.
Telix pulls $300m Nasdaq IPO as investors demand deep discount
The cancer treatment hopeful had announced plans to list in New York only last week as it searched for more capital. On Friday, it withdrew from the initial public offering.
LME failure on nickel due to its own self-interests: Rudd
The Australian ambassador says prices kept artificially low by China were creating a risk of a 20 per cent slump in global supply of the commodity.
AGL Energy says investment case for wind and solar is ‘tricky’
But Macquarie Asset Management’s head of green investment sees plenty of opportunities for investors willing to “face into” these challenges.
Judo Bank poaches APRA’s top bank supervisor
Renee Roberts, who led the prudential regulator’s bank supervision teams, will from September join one of the companies she monitored as chief risk officer.
- Exclusive
- PwC tax scandal
Former PwC Australia partner flags legal action against firm
A former senior partner, Wayne Plummer, has indicated he will sue the firm after being publicly linked to its tax leaks scandal.
- Updated
- Mergers & acquisitions
Chemist Warehouse may have to sell stores to save merger
Chemist Warehouse may have to sell off part of its store network to convince the competition regulator that plans to merge with Sigma would not lessen competition and lead to higher prices.
Companies in the News
Search companies
View stories and data from an ASX listed company
Markets
Rare earths hopeful Resouro surges on ASX debut
Shares in the Regal-backed company soared nearly 40 per cent, as investors took advantage of its lower offer price compared to its Canadian listing.
- Live
- Markets Live
Shares slip; Deterra sinks on lithium pivot, Tabcorp jumps
Shares lose 0.3pc. Telix scraps US IPO. Bank of Japan holds rates. S&P 500 hits record high. Citi upgrades copper. Trump says he wants to trim US corp taxes. Follow here.
Investors dial up bets on September Fed rate cut after weak jobs data
Traders ascribe a 78 per cent chance the US Federal Reserve will cut interest rates in September, opening the door for the RBA to follow.
Ausbil’s Xiradis more bullish than most on ASX growth stocks
The 45-year market veteran is considering whether to back Guzman y Gomez’s IPO, saying the fast-food chain will “capture the imagination” of investors.
- Exclusive
- Property market
Ray White founders seek investors for $1b lending bonanza
The White family is seeking to raise $400 million for its second credit fund, which will provide loans to developers. It has already lined up $841 million of deals.
Opinion
Profligate public spending amplifies inflation crisis
Financial markets might spit the dummy and unilaterally impose a much higher long-term cost of capital on everyone.
Columnist
Australia-China ties are not ready for AUKUS
It’s no surprise that Li Qiang will head straight to Australia’s mining capital and most pro-Chinese city. But he will bypass the Stirling naval base where US nuclear-powered submarines will arrive.
Columnist
What directors should learn from Musk’s massive payout
Tesla’s shareholders still believe in the magic of their chief executive, but critics say the bumper payday has warped some of the company’s decisions.
Columnist
Why the government is desperate to cut immigration
There are many reasons for Australia’s inadequate housing supply, but a population jumping by 2.5 per cent a year obviously compounds the immediate problem.
Columnist
Now is the time to write a new chapter in China-Australia relations
China is willing to take Premier Li Qiang’s visit as an important opportunity to join hands with Australia to work from a new starting point.
Ambassador to Australia
Teals are ‘paying the piper’ while Dutton plays Russian roulette
Peter Dutton reckons the cost of living doesn’t discriminate between the teal seats and the rest.
Political editor
Reports
Chanticleer celebrates 50 years
In 1974, Chanticleer revolutionised business journalism. This anniversary wrap celebrates 50 years of covering the corporate deals that shape the nation.
Politics
Teals lose North Sydney in NSW shake-up, Bennelong turns Liberal
After taking into account the redistributions in NSW, Victoria and Western Australia, nationally, Labor has 77 seats and the Coalition 59.
Social media ban on kids faces big technical hurdles: experts
Australia has bipartisan support for a 16-year-old limit for using social media, as Anthony Albanese and Peter Dutton argued about who was first to demand it.
Chris Minns wants Sydney to feel like Brooklyn
To encourage an urban renaissance, the NSW premier has a message for the city’s property developers: build, build, build.
Migration finally turns a corner as reforms bite
Net migration hit a record high of 547,000 in 2023, but in the last three months of the year numbers started heading in the opposite direction.
- Exclusive
- Nuclear energy
Simon Holmes à Court pressures nuclear speech
A nuclear energy scientist had his speech cancelled by Engineers Australia after social media pressure from the Climate 200 founder.
SPONSORED
World
Why Keir Starmer’s wife is being kept off the campaign trail
Victoria Starmer is said to be highly resistant to the idea of breaking up the family’s happy life in the leafy streets near Hampstead Heath, and has kept a remarkably low profile.
Trump promises tax cuts in pitch to top CEOs
The former president delivered his populist economic pledges to Wall Street titans at a business roundtable event in Washington before the US election.
Tesla shareholders approve Musk’s $72b pay package
The shareholder vote is a major win for the Tesla chief executive as he seeks to reassert control over the company.
Nigel Farage’s party overtakes Tories in UK poll blow
Right-wing Reform UK provides a symbolic ‘crossover moment’ in support that Conservative strategists have been fearing for months.
UK’s likely next PM copies Albanese election playbook
Labour leader Keir Starmer unveiled a policy manifesto containing almost no new policies, confirming just a handful of tax tweaks if his party is elected on July 4.
Property
‘Impossibly unaffordable’ housing a social risk: report
The level of housing price relative to incomes poses an “existential” risk and demands a rethink of urban growth boundaries, a new global report says.
Chris Minns wants Sydney to feel like Brooklyn
To encourage an urban renaissance, the NSW premier has a message for the city’s property developers: build, build, build.
- Exclusive
- Property market
Ray White founders seek investors for $1b lending bonanza
The White family is seeking to raise $400 million for its second credit fund, which will provide loans to developers. It has already lined up $841 million of deals.
Council pushes plan to double rates for landlords, as cover for new homes jump
The Greens-controlled council is one step closer to imposing different rates for landlords and owner-occupiers after passing a motion on Wednesday night.
FOMO driving investors into property, especially in these suburbs
Experts reveal their top picks for suburbs that could deliver strong capital gains and rental returns for investors over the near to medium term.
Wealth
- Opinion
- Flat Chat
ATO warns property investors not to ‘double-dip’ on expenses
Rental property taxes can be tricky, and that’s before you add in the strata factor.
The four biggest mistakes downsizers make
Many people overestimate how much they will have left over after downsizing, but smaller doesn’t necessarily mean cheaper.
When it’s worth giving up government subsidies to stay home for longer
There may be more home care packages in the recent federal budget, but in some cases you would be better off financing care yourself.
Technology
Why publishers fear Google AI search will kill their websites
News organisations are heading into another battle with tech giants, with growing fears the race to beat each other with AI summaries will result in more content stolen.
What Apple Intelligence means for you
Though the “where” and “when” of Apple’s new AI system are still a mystery, we do know a lot about the “who”, “what” and “why”.
- Updated
- Workplace culture
Canva co-founder calls for ‘wartime’ approach to staff performance
Cliff Obrecht says companies that let poor performance slide are forced to do big lay-offs, something the graphic design group headed for an IPO has avoided.
Work & Careers
- Exclusive
- Workplace
Employers lose more than 655,000 days of work to mental health claims
Increased awareness around mental health and the rising cost of living are contributing to a big jump in workers’ compensation for mental health injuries.
Why this top 100 CEO goes undercover shopping
Melbourne’s Chadstone shopping centre showcases the very latest in fashion. It’s also a test case for how the big mall owners manage their vast real estate.
Life & Luxury
Meet the Timorese lawyer chasing Australian wind licences for Norway
A former refugee carried out of East Timor on her mother’s back has returned to Australia as country head of Norwegian energy giant Equinor to chase offshore wind licences.
Exercise is incredible for brain health – this is how much you need to do
Neuroscientists say that being active can clear toxins from the brain and reduce the risk of dementia.
The unlikely father and daughter paying for King Lear
Barrister Katherine Brazenor has a taste for the darkly comic. No wonder she’s enlisted her father as a co-patron of the Bard’s play on a fatally dysfunctional family.
- Driving With Tony Davis
- Motoring
Why Aston Martin’s $633k convertible is perfect for the open road
The DB12 Volante is the latest addition to the British marquee’s stable of high-performance convertibles.
Who were the 15 greatest Wallabies of all time?
In a new book, author and indispensable rugby commentator Gordon Bray had a brutal task picking from the 900 players who have represented Australia over 125 years.
