- Opinion
- Chanticleer
Small caps’ wild EOFY ride exposes market’s dirty little secret
Monday’s list of worst performers looked like Friday’s best performers turned upside down. It was laughable.
- Exclusive
- Federal budget
Deeming rate freeze costing up to $1.8 billion a year
If the freeze is maintained over the forward estimates, the overall unrealised savings could be more than $7 billion, according to government figures, though this is not reflected in the budget.
- Exclusive
- Immigration
Queensland to cop skilled migrant cut amid boost to smaller states
Queensland will be the only Australian state to suffer a reduction in the number of skilled migrant allocations this financial year.
Power prices to surge amid sluggish rollout of clean energy: UBS
Wholesale power prices could be almost 50 per cent higher than last year, the investment bank’s analysts warn, as renewables project development has stalled.
Investors hunt for diamonds among ASX dogs
With the new financial year kicking off, funds are busy hunting through the sharemarket’s bargain bin for oversold names, betting on a rebound.
- Opinion
- Investing
Why you should vote at the ballot box and not with your portfolio
Election uncertainty in the US and Europe looks to increase volatility, but investors should be cautious about over or underestimating the impact of political change, writes Andrew McAuley.
Baby Bunting plots expansion on the back of HMC’s property portfolio
The retailer fell on tough times but its new CEO is expanding the network into fresh areas with smaller formats and exclusive products.
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Companies
Rising interest rates are bad news for bank stocks
Another cash rate increase would do more damage to arrears than it would help net interest margins, according to Morgan Stanley.
Power prices to surge amid sluggish rollout of clean energy: UBS
Wholesale power prices could be almost 50 per cent higher than last year, the investment bank’s analysts warn, as renewables project development has stalled.
How Kim Teo pulled off a mega-merger with her start-up’s biggest rival
The co-founder of restaurant ordering app Mr Yum is now the boss of its former competitor me&u, after the heavily backed Aussie start-ups merged to survive.
Fortescue’s ex-iron ore boss joins Evolution board after abrupt exit
The long-time resources executive has become a director of the gold and copper producer almost a year after leaving Andrew Forrest’s iron ore and energy group.
Transurban denies employee fired for whistleblowing
The toll road group has asked courts to dismiss a claim by a former employee who alleged he lost his job after alleging coercion, manipulation of records and safety failings.
Baby Bunting plots expansion on the back of HMC’s property portfolio
The retailer fell on tough times but its new CEO is expanding the network into fresh areas with smaller formats and exclusive products.
Lithium play Lake Resources slashes jobs, sells assets
The ASX-listed group said this would allow it to focus on its flagship $2 billion Kachi project in Argentina, which has already been delayed until 2027.
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Markets
Shares to rally as profits grow at fastest clip in years
Analysts have set the bar high for the second-quarter reporting season on Wall Street, with US companies tipped to post the fastest quarterly earnings growth since 2021.
Investors hunt for diamonds among ASX dogs
With the new financial year kicking off, funds are busy hunting through the sharemarket’s bargain bin for oversold names, betting on a rebound.
Inflation has no chance of hitting Chalmers’ forecasts: survey
Higher-than-expected inflation will take at least 12 months to fall anywhere near the Reserve Bank’s target, casting doubt on Treasurer Jim Chalmers’ more optimistic forecast.
ASX falls; Coronado, Whitehaven jump; WiseTech drops
Shares dip; coal stocks jump; Euro gains as Le Pen’s party set for smaller victory than feared; Lendlease rallies after selling US military housing business for $480 million. Follow updates here.
- Opinion
- Investing
UniSuper’s John Pearce has a warning for this financial year
Super funds and portfolio managers have ruled off on a year that was powered by super stocks. As another begins, they’re looking for the obvious trades.
Opinion
The public sector is the key to Australia’s productivity puzzle
There is some cause for cautious optimism for increased productivity in health if outcomes can be more accurately measured, writes Alex Robson.
Productivity Commission deputy chair
Labor’s identity politics tensions exposed
Senator Fatima Payman is also now part of the Greens’ political weaponisation of the Gaza war to try to win Muslim votes in Labor-held seats.
Editorial
Why you should vote at the ballot box and not with your portfolio
Election uncertainty in the US and Europe looks to increase volatility, but investors should be cautious about over or underestimating the impact of political change.
Managing Director at UBS Global Wealth Management Australia
Why central banks are in two minds on the private credit boom
The US Fed is not worried about the systemic risks of private credit, but the Bank of England and the ECB are not so sure. Who is more right?
Former deputy governor of the Bank of England and chair of Natwest group.
There is a respectable economic argument for nationalised nuclear
The bottom line is that there are sound public choice arguments for the government to build and own nuclear power plants.
Contributor
RBA’s new Englishman tells Aussies: you’ve forgotten how rich you are
If Australians don’t appreciate their fortune, as Andrew Hauser correctly points out, they may not be well placed to preserve it, writes Michael Stutchbury.
Editor-in-chief
Reports
Powering our energy future
With our renewable energy capacity needing to increase ninefold to meet our net-zero commitments, electrification is critical to our energy and economic future.
Sponsored
by AusgridPolitics
Overseas students cap will protect integrity of universities: Varghese
While the university sector reels from a raft of measures designed to limit net migration, there is growing support for caps on overseas student numbers.
- Exclusive
- Immigration
Queensland to cop skilled migrant cut amid boost to smaller states
Queensland will be the only Australian state to suffer a reduction in the number of skilled migrant allocations this financial year.
‘I’ve been exiled’: Payman threatens to quit Labor
The WA senator has hinted she may quit the Labor Party after claiming to have been “exiled” in a bid to force her resignation from parliament.
How Fatima Payman is defying political traditions
In the era of identity politics, are rules requiring Labor MPs to bind behind collective decisions out of step with the views of younger voters?
Why ‘care’ will be at heart of governor-general position
Business leader Sam Mostyn, who was sworn in on Monday, warned that younger people were concerned they could miss out on privileges enjoyed by previous generations.
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World
China’s home sales downturn slows after cities ease policy
The turn in the trajectory of new home sales may offer some relief for China’s economy, which is on track to undershoot the official growth target this year.
Israel to test Hamas-free ‘bubbles’ in postwar Gaza plan
The pilot scheme for the “humanitarian enclaves” – a template for what Israel imagines would follow the war – will soon be launched in northern Gaza neighbourhoods.
- Analysis
- World elections
Victory no certainty for Marine Le Pen as France faces second vote
Sunday night was a major victory for Marine Le Pen’s National Rally. However, round two of this lightning contest is far from an electoral slam dunk for the right.
- Opinion
- World elections
Macron’s reckless gamble leaves French voters with invidious choice
Thanks to Macron’s miscalculations, the eurosceptic, anti-immigration RN has a shot at securing an absolute parliamentary majority in the second round of voting on July 7.
Democrats back Biden as voter poll shows rising unease over fitness
A CBS News-YouGov poll shows that 72 per cent of registered voters think Joe Biden should not be running for president, up from 63 per cent in February.
Property
Lendlease sells US military housing business for $480m
The divestment of its contract to maintain and manage 40,000 military housing units is the latest part in the $4.5 billion divestment and global retreat.
The unusual move that made this seller $4.8m
Most people with a large block to offload would do just that, but this vendor developed it – and made a much bigger profit in the process.
Kevin Maloney on selling Segenhoe and bringing Kentucky to the Hunter
Kevin Maloney on why he’s selling elite equine stud Segenhoe, and why the Upper Hunter is ripe for Kentucky-style tourism.
Meet the mayor who sees Airbnb as an agent for good
It’s better to have a short-term rental in a house that’s been refurbished than to have a ruin, says the head of Portugal’s second-largest city.
Property buyers spooked by talk of another rate rise
Fewer home buyers are willing to pay above the auction reserve and more buyers are pulling out on fears of another increase in interest rates.
Wealth
- Exclusive
- Class action
Litigation funder touts 165pc returns in bid to sign up more clients
Pitched as an “ESG asset”, Sydney-based funder CASL aims to raise a further $150 million on top of the $156 million in its first fund.
The super funds with the most million-dollar members
After losing ground to industry super funds since the Hayne royal commission, data shows retail funds are fighting back when it comes to attracting and retaining high-net-worth members.
I’ve saved $50,000 but have a large HECS debt – what should I do?
Banks do take tuition debt into consideration when assessing mortgage applications.
Technology
What this start-up founder learned from the public death of her company
Mina Radhakrishnan, the only founder of a collapsed start-up brave enough to speak at the Financial Review Entrepreneur Summit, hopes the industry values battle scars as she tries again.
- Opinion
- Mergers & acquisitions
Adore Beauty acquisition is a great deal … for the other company
Adore Beauty’s $25m purchase of Aussie brand Ikou doesn’t come cheap, and poses questions about whether it has overpaid, and used up too much of its cash.
Why this $4300 home Wi-Fi router may just be worth it
In two of the three criteria that matter most to us in the Digital Life Labs, Netgear’s Orbi 970 is the best home Wi-Fi router we’ve ever reviewed.
Work & Careers
Why underperforming executives need to be worried
It’s about doing more with less and finding leaders who can operate in that environment, says the managing partner at an executive search firm.
Aged care pay rise delayed due to Labor funding decision
Pay rises for 250,000 aged care workers of up to 14 per cent – likely costing up to $5 billion extra in government funding – have been delayed until next year.
Life & Luxury
I drank like a Boomer. Here’s what it did to my body
A tot before breakfast, a brightener here, a livener there – the older generation has perfected the art of perma-imbibing. Could I keep up?
This 59-year-old play about broke divorcees oddly suits the times
Two of Australia’s great comedic actors make this revival of Neil Simon’s The Odd Couple a funny, relatable affair.
- Exclusive
- Saleroom
Fine art collection of late Ron Walker to fetch up to $8m
He helped build modern Melbourne but the works that hung in his Toorak mansion, and are now for sale, had a very Sydney flavour.
- Driving With Tony Davis
- Motoring
Noosa gears up to show off some of the world’s most collectable cars
From Ferrari to Porsche, ultra-luxury and rare cars will take over the main drag next Saturday for its Concours d’Elegance.
Escape the crowds with an intimate tour of a pop legend’s Paris home
For the first time since his death, the unchanged abode of musician Serge Gainsbourg is open to the public, with his daughter as your guide.
