Latest
Mineral Resources to shut iron ore mines employing 1000 workers
Chris Ellison’s Mineral Resources will shut iron ore mines and look for jobs for about 1000 displaced workers in other parts of the company.
- 33 mins ago
- Brad Thompson
Mitsui-backed Campana plots $400 million ASX-listing; hires CLSA
Mitsui has been an investor since it co-led Campana’s $US40 million ($60 million) Series B equity raise in 2018.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Twiggy’s hot air always seems to pass muster
The wind farm Apple walked away from now has environmental approval, having promised to destroy a little less of a koala habitat.
- Updated
- Myriam Robin
UBS boss hails banking ‘trifecta’ as Swiss lender seals merger
The Asia-Pacific region is increasingly important for the bulked-up bank, and moving its global wealth head to the region has buoyed its Australian leader.
- Aaron Weinman
- Exclusive
- Retail
City Chic sales smashed by 30pc, capital raise documents show
The women’s specialty fashion retailer is raising $27.5 million at a steep discount, investors were being told this week, with its bottom line deep in the red.
- Carrie LaFrenz
How to feed super funds Australian shares while they’re hungry
It’s good to see someone think about the huge and growing pile of Australian superannuation money, and the need to give funds more ways to invest in public Australian equities.
- Anthony Macdonald
Opinion & Analysis
To list or not to list? IPO may not fly for next Virgin Australia boss
There are plenty of big questions for the airline’s next chief executive – including what the carrier will look like, and how it will be owned, in the long run.
Senior reporter
Dutton’s high-stakes nuclear gamble
The opposition leader is betting big on nuclear power, and Labor is delighted to take on his challenge.
Columnist
Nuclear debate healthy, shame about the timing
It turns out Peter Dutton is deadly serious about sparking an energy debate. But is this really about nuclear? Big business is scratching its head.
Columnist
Central bankers doing their best to silence rate cut hopes
Investors are responding to high rates with a novel investment strategy – keeping the bulk of their money in cash and using the rest to punt on AI stocks.
Columnist
Companies in the News
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Updated: Jun 19, 2024 – 4.49pm. Data is 20 mins delayed.
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Featured
PEXA drags feet on breaking up its own monopoly, pleasing investors
While shareholders are hopeful of overseas riches, the property settlement platform is facing the threat of its stranglehold on e-conveyancing being broken.
- Jemima Whyte
- Opinion
- Investigation
ANZ has a lot at stake as ASIC crawls over its bond trading activities
The rumblings in the market are that the investigation is making those on all levels of the bank uneasy. If it isn’t, it really should be.
- Jonathan Shapiro
- Investigation
- Decision making
At Star, only the executives got a Christmas party
At an end-of-year dinner with chief executive Robbie Cooke, the casino group’s top managers learnt they were in a war with their regulator.
- Aaron Patrick
More From Today
- Analysis
- Aviation
To list or not to list? IPO may not fly for next Virgin Australia boss
There are plenty of big questions for the airline’s next chief executive – including what the carrier will look like, and how it will be owned, in the long run.
- Updated
- Ayesha de Kretser
Nuclear no help in today’s energy supply crisis: industry
Energy-intensive industry says the Coalition’s nuclear plan delays action on emissions and doesn’t address energy security and affordability for the next decade.
- Angela Macdonald-Smith
Allianz in $1b refi of Hunter Premium Funding, calls off auction
Lender sources told this column on Wednesday that the refinancing was in the preliminary stages, and would likely have a deal value around the $1 billion mark.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Nuclear energy
Dutton’s high-stakes nuclear gamble
The opposition leader is betting big on nuclear power, and Labor is delighted to take on his challenge.
- Jennifer Hewett
Fourth gen Murdoch joins the family trade
Lachlan’s son joins the family business, arriving in News Corp’s Sydney newsroom.
- Updated
- Mark Di Stefano
Helia shares plunge as CBA shops around mortgage contract
The insurer shed almost a fifth of its market value after its biggest client, the Commonwealth Bank, said it would run a tender process for its existing contract.
- Jonathan Shapiro
QBE nears end of the road on reset as it ditches US middle-market
The ASX-listed insurance giant is hoping to shake off the last vestiges of a decade-long but ill-fated grab at the North American market with the wind down.
- Kylar Loussikian
- Opinion
- Chanticleer
Nuclear debate healthy, shame about the timing
It turns out Peter Dutton is deadly serious about sparking an energy debate. But is this really about nuclear? Big business is scratching its head.
- Anthony Macdonald
NAB clarifies crypto strategy with investment in Zodia Custody
NAB Ventures joins Standard Chartered and Northern Trust on the register of London-based Zodia, revealing NAB’s crypto play may involve custody services.
- James Eyers
- Opinion
- Monetary policy
Central bankers doing their best to silence rate cut hopes
Investors are responding to high rates with a novel investment strategy – keeping the bulk of their money in cash and using the rest to punt on AI stocks.
- Karen Maley
PEP checks out Queensland government’s 33pc stake in Powerco
First-round bids are due in five weeks time, sources said on Wednesday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
European renewables outfit TagEnergy takes $4b wind farm bet
The company, backed by the same investment firm behind sector giant Neoen, has locked in financing from major local lenders and the government’s green bank.
- Angela Macdonald-Smith
- Exclusive
- Investment banking
Ex-UBS trio joins crowded investment banker space with new M&A firm
Denison Partners, the latest start-up advisory outfit, will leverage the bankers’ experience in real estate, funds management and financial services.
- Aaron Weinman
Yesterday
NSW’s new $47b fund loads up on equities to chase returns
NSW’s TCorp will combine more than six funds into one big fund and shoot for higher returns. It will lean on equities to do the heavy lifting.
- Anthony Macdonald
Brambles prepares offer for Loscam’s SE Asia business; bankers up
First and foremost, Greenhill’s marching orders are to secure Loscam’s South East Asia business.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Interest rates
Bullock tiptoes through a political minefield
The Reserve Bank governor has been trying to avoid blaming Canberra and state government budgetary blowouts for fuelling inflation.
- Karen Maley
Regal-backed CleanTech Lithium hits the road for $100m Aussie listing
CleanTech’s executive chair Steve Kesler is powering through a roadshow in Sydney this week, after meeting with Perth funds.
- Sarah Thompson, Kanika Sood and Emma Rapaport
HESTA cuts $250m cheque for Stafford Capital Partners’ PE unit
Stafford flies under the radar, but is a port of call for local private equity firms looking to secure superannuation funds as co-investors on new deals.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Billionaire Chris Ellison wants his own airline. Are any for sale?
A boss arriving to a Perth office via helicopter can’t expect his employees to be happy waiting for connecting flights from Kalgoorlie.
- Myriam Robin and Mark Di Stefano
Market finds solace in McLachlan’s experience growing AFL bets
But others, like David Pocock, are increasingly unhappy about the “nexus” between the powerhouse football code and major wagering companies like Tabcorp.
- Zoe Samios
