Latest
Forrest’s private Windlab sells big wind projects to Fortescue
The ASX-listed mining group has quietly taken ownership of two projects that were previously controlled by the billionaire’s private renewables developer.
- 39 mins ago
- Peter Ker and Brad Thompson
Bellevue Gold set to raise equity; Macquarie, Canaccord on ticket
The deal is expected to launch as early as this week, sources said.
- 1 hr ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
Eildon Capital on former boss’ M&A radar
Street Talk understands that Brisbane-based property fund manager and financier Trilogy Funds is weighing an acquisition of Eildon Capital.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Global beef players line up for Australian Meat Group
Street Talk understands Brazilian giants Minerva Foods and Marfrig, and China linked Silver Fern Farms and New Hope are getting their ducks in a row.
- Sarah Thompson, Kanika Sood and Emma Rapaport
WIN, Southern Cross consider selling TV stations to Network Ten
A relatively small sale of regional broadcast assets could open the door for WIN owner Bruce Gordon to take a larger stake in Nine Entertainment.
- Sam Buckingham-Jones
‘Unclear’ how much Meta makes from Australian users: ACCC
It is clear Meta banks billions in revenue from Australians offshore, the competition watchdog said responding to questions from a government inquiry.
- Sam Buckingham-Jones
Opinion & Analysis
How Adobe’s PwC tax strategy came unstuck
The manoeuvres of US tech giants to avoid the Multinational Anti Avoidance Law left a paper trail.
Senior writer
What brokers, fund managers do when ‘mkt dead quiet’
This week is unlisted companies week. Macquarie, UBS and Citi are all parading unlisted companies or investment themes – ostensibly, in the name of research.
Columnist
How to stop mortgages becoming just for the rich and old
Jonathan Mott’s six ideas for how first home buyers could better access credit are not perfect, but they deserve attention from politicians and regulators.
Columnist
Top Barrenjoey banker’s two fixes to restart IPOs
Barrenjoey co-executive chairman Guy Fowler says rethinking prospectus forecasts and some other reforms could help revive the quiet IPO market.
Columnist
Companies in the News
Fortescue Metals Group
Commonwealth Bank
ASX Limited
National Australia Bank
Updated: Jul 24, 2024 – 4.46pm. Data is 20 mins delayed.
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Featured
A letter and PowerPoint about News Corp made this activist fund $120m
A failed bid to merge with Fox Corporation pointed out the inherent value in a couple of News Corp’s assets. One investor cashed in on the rise.
- Sam Buckingham-Jones
Liontown lithium supply test of faith for Tesla after BHP nickel halt
Nickel and lithium have had a rocky ride over the past 18 months. But the outlook cannot be wider for the biggest local players in each commodity.
- Brad Thompson
- Investigation
- Building Bad
Caught on film: How Setka and the CFMEU wield their power
Videos show John Setka delivering a suitcase message to a rival’s home, and other officials issuing threats and boasting of the union’s total control.
- David Marin-Guzman
More From Today
- Opinion
- PwC tax scandal
How Adobe’s PwC tax strategy came unstuck
The manoeuvres of US tech giants to avoid the Multinational Anti Avoidance Law left a paper trail.
- 3 mins ago
- Neil Chenoweth
UBS, Centuria Bass Credit team up for inaugural warehouse facility
The Swiss investment bank has put up an initial $100 million senior secured commitment as it increases its exposure to Australia’s non-bank real estate lending sector.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
What brokers, fund managers do when ‘mkt dead quiet’
This week is unlisted companies week. Macquarie, UBS and Citi are all parading unlisted companies or investment themes – ostensibly, in the name of research.
- Anthony Macdonald
WA government, business warn against environment law deal with Greens
The WA Labor government, business and miners argue demands by the Greens could jeopardise future investment in resources.
- Tom Rabe and Phillip Coorey
- Updated
- Managed funds
Perpetual clients pull almost $8b from funds house before KKR sale
Almost 4 per cent of all assets were yanked from the storied asset manager, which is preparing to offload its more successful wealth management division.
- Kylar Loussikian and Jonathan Shapiro
‘No time’ to get business case for Brisbane Games stadium
Hours after Brisbane 2032 Games boss Andrew Liveris pleaded with politicians not to make it a political football, they did.
- James Hall
Trim mortgage ‘risk weights’ to help first home buyers: Barrenjoey
Barrenjoey called on APRA to allow banks to reduce mortgage “risk weightings” for first-time borrowers and for ASIC to drop HECS debt from responsible lending.
- James Eyers
- Updated
- Private equity
ASIC says opaque private credit funds will face more scrutiny
ASIC chairman Joe Longo says the regulator is setting up dedicated teams to investigate conflicts of interest and asset valuations in the sector.
- Aaron Weinman
Japan’s Chugoku puts its share of $1.1b Boggabri coal mine up for sale
The electricity retailer owns 10 per cent of the NSW operation, and it is the latest Japanese coal industry cornerstone firm to exit.
- Peter Ker
- Opinion
- Chanticleer
How to stop mortgages becoming just for the rich and old
Jonathan Mott’s six ideas for how first home buyers could better access credit are not perfect, but they deserve attention from politicians and regulators.
- James Thomson
Survival of the fittest in lithium, says Pilbara Minerals boss
The company’s chief executive says lithium supply from bit players starting to wither away is a sign the price has reached a new floor.
- Brad Thompson
Repco outshines takeover target Bapcor in weaker auto market
The chief executive of US giant Genuine Parts says the Repco business in Australasia is growing faster than the overall market, including against rival Bapcor.
- Simon Evans
Au revoir! Vinci out at Queensland Airports auction as bids land
It’s the second time that Vinci, an investor in London’s Gatwick, Osaka’s Itami, Santiago and Lisbon, has missed out on adding an Aussie airport to its portfolio.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Antipodes Partners to acquire rival fund manager Maple-Brown Abbott
The nine-year-old Antipodes would oversee $18.6 billion in assets after the acquisition.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Top Barrenjoey banker’s two fixes to restart IPOs
Barrenjoey co-executive chairman Guy Fowler says rethinking prospectus forecasts and some other reforms could help revive the quiet IPO market.
- Anthony Macdonald
Rinehart-backed Arafura launches equity raise
Fund manager sources were told to expect a deal size in the order of $20 million, a sliver of the $US793 million that the company has flagged it would need.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Former TPG Telecom email customers to be slugged up to $95 annually
Accounts with iiNet, Internode and Westnet addresses will start paying a yearly fee from September after they were transferred to a Norwegian-owned company.
- Jenny Wiggins
Telix upsizes convertibles deal to $650m; delta block clears at $18.70
The pharmaceuticals company joins Xero and New Hope, which raised $1.27 billion and $300 million respectively in June via convertibles.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Revealed: Square Peg’s jealously guarded returns are here
Canva’s $US2.4 billion secondary share sale couldn’t have come at a better time for one of its backers – and just as it’s about to raise a new fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Cold snap confirms energy price surge, and need for gas and coal
Light winds through much of the June quarter drove a return to gas and coal power, and pushed up wholesale prices drastically in some states.
- Angela Macdonald-Smith
