Latest
Media bosses warn ‘toxic’ Meta is blackmailing Labor
The heads of major media organisations say Meta’s refusal to renew about $70 million in commercial deals with news outlets will likely lead to job losses and newspaper closures.
- 19 mins ago
- Hannah Wootton
The Jarden verdict on CBA’s digital home loan
The new mortgage product is not a credible threat yet to mortgage brokers, analysts say.
- 1 hr ago
- Lucas Baird
Over budget and plagued with delays: UK nuclear lessons for Australia
The big challenges facing nuclear power in Britain, both for large reactors and SMRs, are not technological or economic, but largely administrative and logistical.
- Hans van Leeuwen
Pilbara’s lithium growth plans immune to price pressure
Lithium exporter Pilbara Minerals says it can triple lithium production in a value accretive way even if prices remain near current levels.
- Peter Ker
Gas prices rocket higher as fears of shortage build
Wholesale prices in Sydney have soared to their highest in 13 months, as manufacturers become increasingly worried that their supplies will run short.
- Angela Macdonald-Smith and Gus McCubbing
American nuclear set for biggest overhaul in history
A divided Congress has just agreed to speed up nuclear reactor development. The president will sign off on it next week.
- Matthew Cranston
Opinion & Analysis
What does a $3b burrito taste like? Jill Dupleix rates Guzman y Gomez
Mexican food is at its best when it’s made by hand, with a squat stone molcajete and smoky char from a hot grill, and unlimited access to sun-dried Mexican chillies. This isn’t that.
Food writer
Bullock v the burritos: $3b float speaks to the RBA’s nagging problem
Central banks have a problem: rate hikes are slowing the economy, but a wealth effect from housing and shares is keeping inflation sticky.
Columnist
Can big burritos save public markets?
We won’t know for many years whether Guzman y Gomez investors have overestimated Australians’ appetite for Mexican-themed restaurants.
Editorial
Small bank targets a niche product the big four have long neglected
Enthusiasm about the challenge from neobanks to the banking sector has come and gone, along with several start-ups. But Avenue Bank has its own plans.
Columnist
Companies in the News
National Australia Bank
Commonwealth Bank
ASX Limited
Westpac Banking Corporation
Updated: Jun 21, 2024 – 4.24pm. Data is 20 mins delayed.
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Featured
Over budget and plagued with delays: UK nuclear lessons for Australia
The big challenges facing nuclear power in Britain, both for large reactors and SMRs, are not technological or economic, but largely administrative and logistical.
- Hans van Leeuwen
American nuclear set for biggest overhaul in history
A divided Congress has just agreed to speed up nuclear reactor development. The president will sign off on it next week.
- Matthew Cranston
PEXA drags feet on breaking up its own monopoly, pleasing investors
While shareholders are hopeful of overseas riches, the property settlement platform is facing the threat of its stranglehold on e-conveyancing being broken.
- Jemima Whyte
More From Today
![Westpac chief executive of institutional banking Nell Hutton. “When I thought about where I could have an impact, it made sense to think about the big four [banks].”](http://web.archive.org./web/20240621064758/https://static.ffx.io/images/$zoom_0.4147%2C$multiply_2%2C$ratio_1.777778%2C$width_1059%2C$x_837%2C$y_125/t_crop_custom/c_scale%2Cw_140%2Cq_88%2Cf_auto/cd94f78169c2fc934117b043efc5b34161f75ab0)
From Goldman Sachs to Westpac, Nell Hutton is climbing the ladder
Having reached the top of the Wall Street giant by her mid-40s, the career banker has big plans to turn around Westpac’s once-dominant institutional bank.
- James Eyers
- Opinion
- Food & drink
What does a $3b burrito taste like? Jill Dupleix rates Guzman y Gomez
Mexican food is at its best when it’s made by hand, with a squat stone molcajete and smoky char from a hot grill, and unlimited access to sun-dried Mexican chillies. This isn’t that.
- Jill Dupleix
Macquarie customer funds caught up in Keystone asset freeze
Customers using its online trading platform Wrap are caught up in ASIC’s investigation of Keystone Asset Management and the freezing of its funds’ assets.
- Max Mason
- Opinion
- Chanticleer
Bullock v the burritos: $3b float speaks to the RBA’s nagging problem
Central banks have a problem: rate hikes are slowing the economy, but a wealth effect from housing and shares is keeping inflation sticky.
- James Thomson
Sluggish spending sends Kathmandu, Noni B profits to the wall
KMD Brands and Mosaic Brands, which both run a number of major clothing chains, are warning of steep falls in earnings as customers stay away from stores.
- Carrie LaFrenz
The bank at the heart of Project Jalapeno was not Barrenjoey
The founder of Guzman y Gomez, Steven Marks, had been working with one Wall Street giant for years to get the Mexican chain’s $3 billion float off the ground.
- Aaron Weinman
Private equity piles into Sydney telco infrastructure player CPS
Founded in 1992, CPS has grown to 170 staffers working on 1850 projects across the country.
- Sarah Thompson, Kanika Sood and Emma Rapaport
The key person in NAB succession wasn’t the new CEO
National Australia Bank’s handover to new CEO Andrew Irvine is being held up as the new gold standard in succession planning. Chairman Philip Chronican explains how it went down.
- Anthony Macdonald
Yesterday
Tech no hurdle for Coalition’s nuclear plan
Several proven technologies would fit the bill for the opposition’s nuclear expansion plan, while Australia has a head start on nuclear regulation, experts say.
- Angela Macdonald-Smith
- Opinion
- The AFR View
Can big burritos save public markets?
We won’t know for many years whether Guzman y Gomez investors have overestimated Australians’ appetite for Mexican-themed restaurants.
- The AFR View
Nuclear to wreak ‘catastrophic damage’ on renewable energy
Clean investor groups say the Coalition’s scheme will take too long, cost too much, and is incompatible with timely and cost-efficient energy transition.
- Elouise Fowler
Who’s who in the Guzman y Gomez fiesta
This wasn’t an IPO debut. It was a pep rally. Steven Marks gathers the believers for his special debut on the ASX.
- Mark Di Stefano and Primrose Riordan
Guzman y Gomez has a history of missing forecasts, documents show
The bottom line is this: Guzman y Gomez hasn’t been growing as fast, or is as profitable, as management had previously predicted.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Gas shortage warning exposes deep energy mess
Low wind power amid a cold snap is threatening to create a gas shortfall – exposing the effect of supply restrictions and jeopardising the Coalition’s nuclear ambitions.
- Updated
- Angela Macdonald-Smith and Gus McCubbing
Office synergies a no-go in Perpetual’s Pendal takeover
Pendal is moving offices. But not, funnily enough, into Perpetual’s.
- Myriam Robin
Guzman y Gomez founder’s wealth jumps $60m in first seconds of trade
The former Wall Street hedge fund trader was not the only company insider to have their wealth skyrocket thanks to the Mexican-themed restaurant successful IPO.
- Aaron Weinman
Competition red flags for Olam in battle for Namoi Cotton
ACCC commissioner Stephen Ridgeway says the bidding war for Namoi Cotton could “all fall over” if rival bidders can’t overcome “serious competition issues”.
- Brad Thompson
Mastercard’s call to save open banking
If Treasury can iron out the teething issues, the government’s consumer data right is ready for take off, according to a new report from the US payment giant.
- James Eyers
Financial Review Australia’s most trusted newspaper brand
The Australian Financial Review has again been ranked the nation’s most trusted newspaper brand, as overall trust in the media declines across the board.
Boutique M&A adviser Greenstone Partners inks global tie-up
Greenstone’s admission to the Merger Alliance network will give the Sydney firm access to a deep pool of global relationships.
- Sarah Thompson, Kanika Sood and Emma Rapaport
