Latest
Rich Lister’s ‘billion dollar’ company faces $79m loss
Shaun Bonett bought into Prezzee in 2015 and has slowly increased his control over the business. New figures reveal it lost $79 million in the 18 months to December 31.
- 1 hr ago
- Primrose Riordan
AirTrunk’s ‘competitive’ auction has huge $15b payday in reach
AirTrunk’s investors had no way of knowing just how good their timing was when they invested in 2020.
- Anthony Macdonald
Surf lifesaving in the Olympics? This broker says it’s no pipe dream
Shaw and Partners is all-in on wealth and health. But there’s more to its latest deal: elevating competitive surf lifesaving to the Brisbane 2032 program.
- Zoe Samios
Guzman y Gomez’s spicy float, the RBA’s risky weight and nuclear, again?
Our Chanticleer team look at some of the biggest events of the week, and mull over a curly question from Michele Bullock’s press conference.
Skyrocketing gas prices intensify fears of shortage this winter
There are growing fears the long-forecast shortage in supplies in the south-eastern states will emerge this winter, hitting manufacturers hard.
- Updated
- Angela Macdonald-Smith and Gus McCubbing
Federal Court rules iSignthis misled the market
A Federal Court judge says payments company iSignthis and its former managing director John Karantzis misled the market, but ASIC had failed to prove that the boss knew about performance milestones and deliberately structured revenue to trigger share bonuses.
- Jonathan Shapiro and Max Mason
Opinion & Analysis
In Canadian giant PSP v Aware Super, who wins?
There are very different ways to make 10 per cent a year. We compare Canada and Australia’s third-biggest super funds, with a combined $470 billion in assets.
Columnist
Two charts show why RBA is discussing rate hikes, not cuts
Australia is in pretty rare company and that’s not necessarily a good thing. What the bank needs if it is to stamp out goods inflation is a stronger Australian dollar.
Columnist
Blackstone’s mega private credit deal is a sign of the times
Private credit funds are the solution for private equity’s problems. But can the good times last for Wall Street’s hottest sector? Blackstone thinks they can.
Senior reporter
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
Companies in the News
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Commonwealth Bank
Westpac Banking Corporation
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Updated: Jun 21, 2024 – 4.44pm. 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
- Opinion
- Chanticleer
In Canadian giant PSP v Aware Super, who wins?
There are very different ways to make 10 per cent a year. We compare Canada and Australia’s third-biggest super funds, with a combined $470 billion in assets.
- 3 mins ago
- Anthony Macdonald
- Opinion
- Chanticleer
Two charts show why RBA is discussing rate hikes, not cuts
Australia is in pretty rare company and that’s not necessarily a good thing. What the bank needs if it is to stamp out goods inflation is a stronger Australian dollar.
- Anthony Macdonald
- Opinion
- Investing
Blackstone’s mega private credit deal is a sign of the times
Private credit funds are the solution for private equity’s problems. But can the good times last for Wall Street’s hottest sector? Blackstone thinks they can.
- Jonathan Shapiro
This Month
Calls to ban Facebook and Instagram in Australia
The heads of major media organisations say Meta’s refusal to renew about $70 million in commercial deals with news outlets will likely lead to job losses and newspaper closures.
- Updated
- Hannah Wootton
The Jarden verdict on CBA’s digital home loan
The new mortgage product is not a credible threat yet to mortgage brokers, analysts say.
- Lucas Baird
Over budget and plagued with delays: UK nuclear lessons for Australia
The big challenges facing nuclear power in Britain, both for large reactors and SMRs, are not technological or economic, but largely administrative and logistical.
- Hans van Leeuwen
Pilbara’s lithium growth plans immune to price pressure
Lithium exporter Pilbara Minerals says it can triple lithium production in a value accretive way even if prices remain near current levels.
- Peter Ker
American nuclear set for biggest overhaul in history
A divided Congress has just agreed to speed up nuclear reactor development. The president will sign off on it next week.
- Matthew Cranston
![Westpac chief executive of institutional banking Nell Hutton. “When I thought about where I could have an impact, it made sense to think about the big four [banks].”](http://web.archive.org./web/20240623030828/https://static.ffx.io/images/$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
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
