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A boy at dentist.

Pacific Smiles CEO exits after just eight months and failed takeover

Co-founder and large shareholder says July trade was strong in part because some dentists cut back on the usual skiing holidays and worked instead.

  • Simon Evans
Westpac acquired RAMS Home Loans off the ASX in 2008 during the global financial crisis.

Westpac allegedly bullied ‘troublemaker’ staff who raised RAMS fraud

The bank’s head of audit and risk also alleges that executives sidelined her. The prudential and corporate regulators are investigating.

  • Lucas Baird

Inside Project Amidala: AirTrunk’s $24b deal

Four years ago, Blackstone missed its chance to buy up the data centre giant. It wasn’t about to make the same mistake twice, even if it cost $24 billion.

  • Anthony Macdonald

Oracle billionaire Larry Ellison is Network Ten’s new owner

New documents reveal the billionaire will control 77.5 per cent of Network Ten’s ultimate owner. But this does not end the uncertainty for the home of MasterChef.

  • Sam Buckingham-Jones

Echo IQ placement ‘oversubscribed’; Ord Minnett on ticket

Bids were due at market close on Thursday, and it is understood demand exceeded $10 million. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Athlete star power drives 600pc rise in undies company’s share price

Step One, a bamboo underwear producer for “bigger blokes”, had a difficult start on the ASX, but a new women’s fitness range has reversed the slump.

  • Simon Evans

Opinion & Analysis

Is private credit becoming the next subprime crisis?

Investors need to consider whether they are getting sufficient additional returns for the risks that debts issued by unregulated non-bank lenders present.

With a half-smile, Bill Shorten bows out of politics on his terms

The former federal Labor leader has no regrets about calling it quits to become a university vice chancellor.

Vodafone gets a start in the bush, now to make it work

Vodafone’s never been able to justify going to the bush. It needs at least 100,000 more customers to make its new deal work.

Chanticleer

Columnist

Chanticleer

How AirTrunk helped make the careers of these bankers

The $24 billion sale of the data centre business was making waves long before this week.

Chanticleer

Columnist

Chanticleer

Companies in the News

Macquarie Group

mqg$225.400
 2.47%

BHP Group

bhp$38.420
 -1.26%

Commonwealth Bank

cba$143.330
 1.40%

REA Group

rea$204.070
 -0.70%

News Corp

nws$41.560
 -1.33%

Updated: Sep 6, 2024 – 3.42pm. Data is 20 mins delayed.

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Featured

ANZ chief executive Shayne Elliott at a parliamentary inquiry on Friday.

What scandal? Elliott doubles down on minimising bond trading fallout

Shayne Elliott is steadfast in his position that ANZ hasn’t done all that much wrong. It’s a familiar stance, but this time he better be right.

  • Jonathan Shapiro
AFR

Real estate portal Domain the ultimate fixer-upper for Nine’s board

It’s Australia in 2024, and property is (still) king. Getting the one-time growth engine firing again would make for some very happy shareholders.

  • Jemima Whyte
Inghams director Tim Longstaff said he opposed 24-hour trading at a proposed GYG in Sydney suburb of Mosman.

Inghams director warns: Guzman y Gomez store will attract ‘riff-raff’

Behind the minor fracas is a bigger question about whether the country’s biggest poultry producer can continue to squeeze big profits from fast food chains.

  • Jemima Whyte

More From Today

Is private credit bringing trouble?

Is private credit becoming the next subprime crisis?

Investors need to consider whether they are getting sufficient additional returns for the risks that debts issued by unregulated non-bank lenders present.

  • Christopher Joye
Michael O’Connor has been a senior CFMEU official for years.

CFMEU official used super fund money to help union, alleges APRA

Legal action has started against Michael O’Connor, who is accused of knowing a First Super staffer was also performing work for his labour organisation.

  • Max Mason and Hannah Wootton

Exclusive Subscriber Offer - AFR CFO Live 2024

Financial Review subscribers receive a 15% discount on in-person tickets to this event on November 19, 2024.

Why you pay $5.08 for a $5 coffee

The notoriously complex area of retail payment costs is in the political spotlight, and set to force a response from the central bank. Here’s how it works.

  • James Eyers
AirTrunk set all sorts of deal records when Macquarie, Blackstone and Robin Khuda finally signed the deal on Wednesday night.

Australia just had its hottest M&A week (and it’s only September)

Nearly $24 billion worth of Aussie M&A deals were announced between Monday and Thursday evening – the highest since Newmont’s $24.4 billion bid for Newcrest last year. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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Yesterday

Healthscope’s Northern Beaches Hospital.

Brookfield’s Healthscope deal leaves a sick feeling

A weakened Healthscope is the face of the backlash agitating for more funding from the private health insurers.

  • Jemima Whyte
Queensland’s Opposition has vowed to release the findings of a secret report into Star’s casino if it forms government next month.

Vow to release secret Queensland report into Star’s HK partner

The report into Star Entertainment’s marquee Brisbane casino examined possible criminal links with one of its business partners.

  • James Hall and Zoe Samios
Ranger uranium mine rehab project in the Northern Territory

Uranium mine shareholders try to delay Rio Tinto capital raise

The Takeovers Panel confirmed two of the uranium miner’s shareholders are trying to delay an $880 million capital raise backed by major shareholder, Rio Tinto. 

  • Elouise Fowler
New Star CEO Steve McCann.

Star Casino has Queensland over a barrel

The sideshow casino group is seeking relief from a government full of friends.

  • Mark Di Stefano
Paul Graves is the chief executive of Arcadium. He is warning about the sustainability of mines as lithium prices remain depressed.

Arcadium to mothball Mt Cattlin amid low lithium prices

The collapse in lithium prices has claimed its first major victim in Western Australia.

  • Elouise Fowler
Anthony Albanese and Bill Shorten at the ALP confference

With a half-smile, Bill Shorten bows out of politics on his terms

The former federal Labor leader has no regrets about calling it quits to become a university vice chancellor.

  • Jennifer Hewett
Managing partner Gavin MacLaren.

Corrs’ handcuffs aren’t enough to stop the exits

Another well-liked partner has left the law firm, bringing the total number of departures to 10 since the CEO’s contract extension.

  • Mark Di Stefano
TPG Telecom boss Inaki Berroeta needs to add at least another 100,000 customers to make the regional sharing deal break even.

Vodafone gets a start in the bush, now to make it work

Vodafone’s never been able to justify going to the bush. It needs at least 100,000 more customers to make its new deal work.

  • Anthony Macdonald
A Trump presidency could hurt investments in China and the energy transition, Anthony Scaramucci has warned.

Trump will hit clean energy and any nation linked with Asia

If Donald Trump wins the White House, investors should be prepared for a drop in climate change investments and worse US relations with the world, his former adviser says.

  • Hannah Wootton
Atlas Arteria’s attempts to increase toll fares on the Dulles Greenway by as much as 40pc have been knocked back.

End of the road for Dulles Greenway’s 40pc toll increase

Atlas Arteria’s aspirations to push up tolls on its US road have been dashed after a regulator ruled out the hefty increase.

  • Jenny Wiggins
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Real Flow’s bread and butter is loans for real estate agents secured against future receivable commissions.

This Trade Me-backed non-bank lender wants to consolidate the market

Real Flow Finance has tapped boutique advisory firm Ad Astra to help it find a capital partner.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Jemena managing director David Gillespie.

GIP dealmakers march ahead with Jemena acquisition

Jemena is the largest gas distributor in NSW, with about $11 billion in assets.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
comp

How AirTrunk helped make the careers of these bankers

The $24 billion sale of the data centre business was making waves long before this week.

  • Anthony Macdonald
The federal government should establish a national mandatory pre-commitment system across all online gambling.

It’s time Australia put the guardrails on its gambling habit

The public is ready for gambling reform, if only politicians were brave enough to take it up.

  • Aruna Sathanapally