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- Exclusive
- Managed funds
Ed Peter’s Duxton empire in pain as it cuts jobs, sells properties
The former bank executive has built a considerable asset management business with wealthy backers. But tough times have forced it to restructure – and shrink.
Victoria slumps for business as execs warn: ‘It’s really struggling’
CSL chairman Brian McNamee and former NAB CEO Ross McEwan warn that the state is in financial peril, as new business starts fell behind the rest of the country.
Pro-Palestinian activists to defy police, PM with October 7 rallies
The prime minister says holding events on the anniversary of the Hamas attack on Israel would be “incredibly provocative” and cause a great deal of distress.
- Opinion
- Chanticleer
Why investment legend Chris Mackay says ‘it’s a dangerous time’
The MFF Capital Investments boss and Magellan co-founder says the ‘everything rally’ is likely to reverse, but calm, long-term investors can fight through the noise.
Billionaire Richard White accused of ‘grooming’ Double Bay beautician
A broken relationship between Richard White and a Double Bay wellness entrepreneur has led to a stoush in which the billionaire is accused of trying to bankrupt her.
NAB calls for lower home loan buffer to help first-time buyers
In a submission to the Senate inquiry, NAB says dropping HECS-HELP debt from serviceability calculations for first home buyers would boost borrowing capacity.
- Opinion
- Property market
We’re more nuanced on negative gearing than five years ago
Disadvantages for investors – and gains for aspiring owners – would be more modest than many expect, if Australia’s property tax regime changed, writes Robert Harley.
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The hotly anticipated lists of who wields the most overt, covert and cultural clout in Australia.
Companies
Paladin’s $1.5b uranium deal slowed by national security probe
Canada has launched a national security probe into Paladin Energy’s proposed acquisition of Fission Uranium as Chinese partners try to influence the deal.
How much is Star’s Sydney casino worth? Just $8m, says Barrenjoey
The broker has warned clients that the company will post years of losses as it struggles with falling revenues and big costs involved in developing its hotels.
Banks blocked from factoring in rising income when assessing loans
A bank boss says it is “absurd” that regulations prevent expectations that a young, professional borrower’s income will rise after they apply for a home loan.
Peak-demand utility expands solar farm portfolio by a third
CleanPeak Energy has bought three farms from a European company listed on the Warsaw, Prague and Frankfurt Stock Exchanges.
- Updated
- Executive shake-up
CBA shuffles executive team as it looks for next generation of leaders
Andrew Hinchliff will become chief risk officer and Sinead Taylor will run the institutional bank, amid other leadership changes unveiled on Wednesday.
- Updated
- Courts
ANZ loses appeal over botched $2.5b capital raising
The bank was attempting to have a ruling thrown out that it kept the market in the dark during a big institutional shortfall almost a decade ago.
Mine or money pit? Dartbrook coal believers stump up again
It’s almost a decade since Nathan Tinkler launched a revival plan for Dartbrook coal mine, and the heirs of that strategy are making one last push to get it up.
Companies in the News
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Markets
SPC heads back to the ASX for the first time in two decades
The century-old agribusiness group which began life as a farmer co-operative is merging with listed Original Juice Co and expanding into dairy products.
Chris Mackay buys Montaka, outlines Magellan-like vision
The Magellan Financial Group’s co-founder is roping a new manager into his $2 billion investment vehicle and his expectations are high.
Middle East escalation rocks bullish markets
Investors have been dealt a swift reality check as tensions between Iran and Israel threaten to bubble over after missile attacks.
ASX slips; energy, miners lift
Shares eases; MFF eyes Montaka; HPI rejects Charter Hall-Hostplus bid; Macquarie tips massive degradation in Star; Santos inks LNG contract with TotalEnergies. Follow updates here.
US job openings climb to three-month high, exceeding forecast
Job openings rose beyond expectations, but other economic indicators showed a mixed picture of the labour market.
Opinion
No more weird: Vance remakes the Trump campaign record
J.D. Vance wanted to come across as a nice guy while making Donald Trump’s policies sound sensible. The real nice guy, Tim Walz, tried to challenge that but it was too little, too late.
Columnist
October 7 protests would do more damage to social cohesion
Ideally, the protest organisers would rule out the rallies proceeding based on taste and sensitivity, without even waiting for the court decision in NSW.
Editorial
Health insurers have landed in a world of pain, political or otherwise
They’re under fire from parliamentarians and hospitals for making too much profit, and yet are caught in a customer land grab that is shaving away profits.
Health editor
RBA should spell out rules on private meetings with market movers
The holding of confidential meetings can backfire when some people think that others are getting advantaged access to the central bank’s thinking.
Economics editor
A narrow window to change the fortunes of the ASX
The cost and regulatory burden of a public listing is driving companies and investors into the arms of private capital. The ASX needs to fix itself.
Iran is playing its last few cards as its missiles strike Israel
Iran has little chance of defeating Israel in an all-out war. Tehran is in no position to dictate terms, and it knows it.
Corporate advisor
Politics
Student caps not for migration reasons, Senate hearing told
An employment department official said student caps were not intended to bring down net migration, an explanation at odds with what the government says.
- Explainer
- Social media
Everything you need to know about Labor’s misinformation crackdown
More than 75 per cent of people believe addressing the deliberate spread of misinformation online is extremely important or quite important. On how you achieve that goal, the country is far more divided.
- Exclusive
- Freedom of speech
CCTV and sleepover bans: universities clamp down on protests
Universities are in a balancing act trying to protect the right to protest while also keeping students and staff safe in the wake of pro-Palestinian protests and antisemitism.
How Labor could lose its heartland for the first time in a century
Regional Queenslanders have been struggling with the severe lack of housing supply for years but cost of living has now pushed many over the edge.
PM condemns Iran for Israel missile strike
Anthony Albanese called for a Middle East ceasefire, as he warned that planned pro-Palestinian protests for October 7 would stoke disharmony.
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World
- Analysis
- US Votes 2024
Vance drops the weirdness and fends off Walz in debate
If even the slightest edge can change the voting intentions of undecideds, Republican hopeful J.D. Vance probably swung a few crucial sales in his debate.
Israel’s twin fears collide on a Jaffa street
Israelis confronted the anxieties that have consumed them for most of their lives – a chance encounter with death from a gunman, and an attack by a powerful enemy.
- Updated
- Israeli-Palestinian conflict
Israel pours troops into Lebanon after Iran attack
The addition of infantry and armoured troops suggests Israel’s ground operation against Hezbollah has moved beyond limited commando raids.
- Opinion
- US Votes 2024
Trump could be the biggest winner from Middle East escalation
The former president claims the world was at peace during his rule and that the “weakness” of the Biden administration has led to wars in Europe and the Levant.
Walz, Vance clash, politely, in policy-heavy debate
The two vice-president hopefuls mostly struck a cordial tone, instead saving their fire for the candidates at the top of their tickets during their only debate.
Property
- Exclusive
- Luxury property
Classic car collector eyes $40m plus for Darling Point pad
Car collector and art dealer Alex Holland, of the Holland property developer family, has listed his Darling Point waterfront.
The suburbs where house prices slumped by up to $288k in three months
The pressures of high interest rates and poor affordability triggered a decline in median house values in some of the country’s most expensive markets.
Ireland hits wealthy with ‘mansion tax’
The introduction of a third band of stamp duty is expected to raise €80 million a year.
Pub landlord HPI rejects consortium’s $710m bid
The ASX-listed owner of 58 pubs told investors the bid undervalued its portfolio, which would only grow more in value as rates fell.
High rates, low confidence - and tax cloud - hit housing pipeline
Australia’s need for new housing is intense, but in a market where feasibilities are “challenging”, that’s not translating into new homes.
Wealth
How the ATO caught taxpayers cheating on ‘lifestyle’ assets
The Tax Office has provided The Australian Financial Review with exclusive details about some recent investigations.
How to know if it’s time to sell shares
Sometimes it’s best to sell slowly; at other times quicker is better. Experts weigh in on how to know when it’s time to sell.
My son is off to uni. Should I give him a credit card for emergencies?
Set clear guidelines around what constitutes an emergency. Does a late-night taxi ride home from the pub qualify?
Technology
WiseTech billionaire pushes to suppress stoush with Sydney beautician
Richard White is pursuing wellness entrepreneur and Real Housewives of Sydney contender Linda Rogan for bankruptcy. She says there is more to it.
- Opinion
- Digital Life
Why the Series 10 is now Apple’s best watch
The Watch Ultra 2 is still Apple’s most expensive watch, but the new Series 10 betters it in some (but not all) ways that matter.
- Gadgets With John Davidson
- Digital Life
Ocean cruising too slow for you? Speed things up with this action cam
DJI’s Osmo Action 5 Pro has features that will turn even the most sedate sojourn into a white-knuckle adventure.
Work & Careers
Explore how your boss measures up on the gender pay gap
Company-specific gender pay gaps were revealed for the first time earlier this year. Enter your industry and company in our interactive chart below to see how they measure up.
Manager to pay $500k for stealing clients and mowing his phone
Craig Martin faces the rare damages order over his move to a rival firm after his phones were immersed in water or “met with the unhappy fate of being run over by a lawn mower”.
Life & Luxury
What’s new in cruising: From a $2.5m suite to the rise of hotel yachts
Cruising is livelier, more varied and more interesting than ever before. We delve into the best trends and latest happenings.
Monet, Van Gogh star as international auctions heat up
The 20th/21st Century Evening Sale in Hong Kong set an Asian auction record for two of the world’s most cherished artists, Vincent van Gogh and Claude Monet.
- Driving With Tony Davis
- Motoring
Our hot lap in the new and even more powerful Taycan Turbo
Former F3 champion Karl Reindler reckons the all-electric Porsche would get within a couple of seconds of a petrol-powered 911 Turbo.
How Zimmermann brought surf and sun to Paris Fashion Week
Now a permanent fixture on the Paris calendar, the Australian brand has found its feet, and is giving them brand new shoes.
No designer? No problem as Chanel flies high at Fashion Week
Chanel’s creative director Virginie Viard left the brand in June, leaving the French house without a leader. For the brand’s loyal clients, it’s not an issue.
