Latest
- Breaking
- Aviation
Rex stops selling seats as it prepares to call in administrators
The regional carrier went into a trading halt amid deep schisms between management and a major shareholder, and increased uncertainty about its future.
- 16 mins ago
- Ayesha de Kretser
BlackRock’s Larry Fink won’t be rushed in the search for his successors
The head of the giant asset manager has been grooming a new top team for more than a decade. Some worry he is taking too long.
- 23 mins ago
- Brooke Masters
Exclusive Subscriber Offer - Energy & Climate Summit 2024
Financial Review subscribers receive a 15% discount on in-person tickets to this event on October 21 & October 22, 2024.
- 1 hr ago
Marex raids Jarden’s carbon trading business, opens NZ office
The Nasdaq-listed firm has snared Jarden rainmaker Nigel Brunel and a swathe of the Kiwi investment bank’s carbon trading team.
- 1 hr ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
BHP in $3.2b South American copper deal
BHP will step into Argentinian copper under a $US2.1 billion ($3.2 billion) deal with the famous Lundin family to take a Canadian explorer private.
- Peter Ker
Woolworths head of supermarkets lured to Ramsay top job
After missing out on the CEO role at the retailer, Natalie Davis will take over from long-serving Ramsay boss Craig McNally who will step down next year.
- Carrie LaFrenz
Opinion & Analysis
Spurned by Anglo, BHP bets $3b on plan B
Mike Henry was disappointed his $75 billion takeover bid for Anglo American failed. But his latest deal helps to show investors he has many other ways to play the copper bull story.
Columnist
The luxury industry is falling from its elevated heights
The broader fall in luxury consumption has come as a shock to an industry accustomed to attaining ever greater heights, apart from in its pandemic slump.
Contributor
When politics and miners mix, investors get hurt
The last thing investors need in Australian mining is more shocks like the ban on uranium mining at Jabiluka. The industry is doing it hard enough.
Columnist
Car yards are full and dealers worry they are racing to the bottom
There’s been little economic data to offset expectations that the RBA needs to raise interest rates. A review of conditions at car dealerships caught our eye.
Columnist
Companies in the News
Macquarie Group
ASX Limited
Fortescue Metals Group
Updated: Jul 30, 2024 – 12.36pm. Data is 20 mins delayed.
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Featured
Domacom fund suspended from accepting new money after NDIS closures
Property investment platform Domacom has been blocked from raising new funds following a Financial Review probe into aggressively marketed NDIS investments.
- Jonathan Shapiro
- Analysis
- Due diligence
Why M&A arb funds are sitting out ‘the trade of the year’
Sierra Rutile has caught the eye of London’s ‘most daring emerging markets fund’, a Sierra Leone mining contractor and a global commodities trader in a three-way bidding war.
- Jemima Whyte
Building bad: Inside the CFMEU investigation
This week on The Fin podcast, David Marin-Guzman on his nine-month investigation into the CFMEU, why the response shocked insiders and whether there might be lasting change.
More From Today
- Opinion
- Chanticleer
Spurned by Anglo, BHP bets $3b on plan B
Mike Henry was disappointed his $75 billion takeover bid for Anglo American failed. But his latest deal helps to show investors he has many other ways to play the copper bull story.
- 43 mins ago
- James Thomson
- Opinion
- Luxury fashion
The luxury industry is falling from its elevated heights
The broader fall in luxury consumption has come as a shock to an industry accustomed to attaining ever greater heights, apart from in its pandemic slump.
- 1 hr ago
- John Gapper
$30m a year: how US lawyers are shaking up London’s ‘magic circle’
On the coat-tails of a private equity boom, American partnerships are bringing a long-hours, high-pay culture to the City. It’s not for the faint-hearted.
- Suzi Ring
Barrenjoey-backed Community Capital raises $674m for credit fund
Their management fees, net of operating costs, are donated by Community Capital to non-profits.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Ares, Robert Meyers operatives tapped by Adara
The latest round of appointments has seen Ares’ Peter Graf and Sidley Austin’s Robert Meyers added to the high-profile panel.
- Sarah Thompson, Kanika Sood and Emma Rapaport
The economics of being your own barista in four charts
Is making your coffee at home an expensive hobby or an economically rational response to higher coffee prices?
- Daniel Arbon
Streaming, catch-up services on verge of eclipsing TV advertising
Revenue growth has slowed significantly across the media and entertainment sector – particularly in news – a widely followed annual PwC survey has found.
- Kylar Loussikian
First coffee, then swim: Balancing a start-up with a bid for Paris gold
In June swimmer Zac Stubblety-Cook qualified for the Paris Olympics and began his first business. “I’ve definitely burnt the candle at both ends,” he says.
- Zoe Samios
Yesterday
‘Risks elevated’: APRA holds banks’ mortgage rate buffer at 3pc
APRA said an uncertain economy, geopolitical instability, high household debt and inflation remain key risks for banks, compelling it to keep the loan buffer intact.
- James Eyers and Jonathan Shapiro
- Opinion
- Chanticleer
When politics and miners mix, investors get hurt
The last thing investors need in Australian mining is more shocks like the ban on uranium mining at Jabiluka. The industry is doing it hard enough.
- Anthony Macdonald
Meet the secretive US billionaires bidding for Fletcher’s Tradelink
The final bidder turnout shows Tradelink has emerged as a trade play, albeit one that has attracted an interesting cast of characters.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Ousted Rex chairman won’t ‘speak ill of the dead and dying’
Rex poised to make material announcement amid speculation it needs capital to invest back into regional flying.
- Ayesha de Kretser
Almost $2b of Fortescue shares hit the market in massive block trade
It represents an 8.8 per cent discount at the lower end of the range.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Big Glencore shareholders want to keep coal
An influential group of Glencore shareholders want the company to abandon a plan to spin-off its coal division, and allocate those earnings to new avenues of growth.
- Peter Ker
- Opinion
- Chanticleer
Car yards are full and dealers worry they are racing to the bottom
There’s been little economic data to offset expectations that the RBA needs to raise interest rates. A review of conditions at car dealerships caught our eye.
- Anthony Macdonald
JPMorgan’s Jonas Troeber to sole head of ECM
The changes were announced to staff on Monday afternoon and are a part of wider ECM team changes for the bank in Asia Pacific.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
How to end the $22b private health war
Many things have changed in the 22 years that Mark Fitzgibbon has spent at the helm of NIB. The tension between private health insurers and private hospitals isn’t one of them.
- James Thomson
Adore Beauty hires ex-General Pants CEO to lead recovery
After selling General Pants to Richard Facioni’s Alquemie Group, Sacha Laing has jumped ship to run the online beauty company.
- Carrie LaFrenz
The restructuring bigwig in line for the CFMEU gig
The federal government’s move to appoint an administrator to the CFMEU is surely one of the hottest tickets in town.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Domacom fund suspended from accepting new money after NDIS closures
Property investment platform Domacom has been blocked from raising new funds following a Financial Review probe into aggressively marketed NDIS investments.
- Jonathan Shapiro
