Latest
KPMG’s ghosts in the machine
A radioactive file outlining partners’ alleged behaviour could be called Wild, Crazy Things that Tax Accountants Do.
- Neil Chenoweth
‘Incredible legacy’: business, political leaders on AFR chief’s departure
John Howard, Peter Dutton, Andrew Forrest and Jennifer Westacott are among those to pay tribute to outgoing AFR editor-in-chief Michael Stutchbury.
- Sam Buckingham-Jones
Insignia fined $10.7m but share price soars
The regulator slammed the financial services giant for “still struggling with foundational issues” such as failing to put members’ money into default MySuper products.
- Hannah Wootton
End of the road comes in two-decade saga over sandalwood group Quintis
The company once known as TFS Corporation will be split up and liquidated after KordaMentha failed to find a buyer for the entire business.
- Simon Evans
Quadrant’s erstwhile top dealmaker returns armed with Packer cash
It’s taken a very sweet opportunity to bring him back to dealmaking – namely Everest Ice Cream, a major manufacturer of wholesale frozen desserts.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Crescent tries to pull off the near impossible at Pacific Smiles
But the private equity firm has another ace up its sleeve. Influential proxy adviser Institutional Shareholder Services has thrown its support behind the bid.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Opinion & Analysis
Woodside’s big bet on US LNG will collide with Trump’s second coming
Just days after Donald Trump declared he wants to “drill, baby, drill”, Woodside has placed $22 billion on an unloved US project. It isn’t without risks.
Columnist
The grand dame of Australian financial services is making a comeback
MLC is showing signs of life – with an earnings upgrade – and is the face of Insignia’s fightback story. If it wins, the company and its 53,000 shareholders win too.
Columnist
Once reluctant, super fund giants are flocking to private credit
If they can find investments that earn close to double-digit returns with reasonable reliability, they’re happy to scale up – which is precisely what they’re doing
Senior reporter
If Earth’s ecosystem was a company, Climate Ltd would have a problem
The core principles that drive good investment are also at play in climate change.
Contributor
Companies in the News
Fortescue Metals Group
Commonwealth Bank
Transurban
Westpac Banking Corporation
Updated: Jul 22, 2024 – 4.40pm. 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
Yesterday
- Updated
- Mergers & acquisitions
Woodside splashes $1.35b in the US to become ‘global LNG powerhouse’
The acquisition of Tellurian will give the ASX-listed oil and gas company a foothold to develop exports in the booming US market for shipping natural gas.
- Angela Macdonald-Smith
- Opinion
- Chanticleer
Woodside’s big bet on US LNG will collide with Trump’s second coming
Just days after Donald Trump declared he wants to “drill, baby, drill”, Woodside has placed $22 billion on an unloved US project. It isn’t without risks.
- James Thomson
- Opinion
- Chanticleer
The grand dame of Australian financial services is making a comeback
MLC is showing signs of life – with an earnings upgrade – and is the face of Insignia’s fightback story. If it wins, the company and its 53,000 shareholders win too.
- Anthony Macdonald
Booming Cash Converters revenues point to squeeze on the poor
The ASX-listed pawnbroker told investors the increase was partly tied to “mainstream finance” being “more difficult to access” for many of its customers.
- James Eyers
Mighty Craft collapses after calling off merger with Better Beer
The ASX-listed beverages group owns 33 per cent of the brewery, backed by The Inspired Unemployed. But it has fallen into administration, appointing Ankura.
- Simon Evans
Heart medtech Anteris Technologies in $40m raise
The proceeds would fund development of its flagship DurAVR THV product which aims to mimic a healthy aortic valve.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Michael Stutchbury calls time as AFR editor-in-chief after 13 years
The 67-year-old led the paper through six PMs and thousands of editions. He will be succeeded by former executive editor of The Sydney Morning Herald, James Chessell.
- Sam Buckingham-Jones
- Exclusive
- Managed funds
Taurus misled Phil King’s Regal in due diligence, former CFO claims
Andrew Sampson was made redundant from Taurus in March. He claims he was dismissed after raising concerns about the conduct of the commodities financier’s founders.
- Max Mason
- Updated
- Manufacturing
Environmental rules threaten survival of South32’s Worsley refinery
More than $1b was wiped off the value of South32 as it cut production guidance and warned forest protection rules threatened the future of a WA alumina refinery.
- Peter Ker
Schauffele roars to second major win of year at British Open
The American golfer has delivered one of the British Open’s great finishing rounds to tame blustery Royal Troon after the Australian challenge petered out.
- Ian Chadband
EY builds buzz for Hive’s small-scale Hunter Valley battery project
Clean Energy Transfer Fund-backed Hive is also busy negotiating a financing package with a “Tier-1 institution” as it gets more of its battery systems away.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Suitors scramble to get across Anglo’s $7.5b Queensland coal auction
Sharp-nosed suitors are expected to push for the company to take a chunk of the bid value as deferred consideration, tied to Grosvenor’s performance.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Superannuation
Once reluctant, super fund giants are flocking to private credit
If they can find investments that earn close to double-digit returns with reasonable reliability, they’re happy to scale up – which is precisely what they’re doing
- Jonathan Shapiro
Origin-backed Octopus extends reach with Ergon Energy deal
Australia’s fourth-largest retailer has taken on Octopus’ Kraken technology platform – the first major local customer besides Origin itself.
- Hans van Leeuwen
Australia’s third-largest coal customer warns of dwindling appetite
South Korea’s shift to nuclear power, along with milder weather, has already reduced the country’s coal use, which is set to further tumble over the decade.
- Elouise Fowler and Michael Read
- Opinion
- Energy transition
If Earth’s ecosystem was a company, Climate Ltd would have a problem
The core principles that drive good investment are also at play in climate change.
- Kate Howitt and Gates Moss
Beaconsfield says Keystone demands forced receiver appointment for NQH
The US investment manager says it was forced to appoint receivers after Keystone Asset Management demanded immediate repayment of a $15 million unsecured loan.
- Max Mason
Google inks renewed media bargaining code deals – with a catch
Google has been quietly renewing deals worth tens of millions of dollars with Australian publishers but has added a clause allowing it to cancel them after each year.
- Sam Buckingham-Jones
This private credit fund is going big on companies failing ESG tests
Balmain Corporation said it had considered calling the strategy a “Vulture Series” – but decided naming it after a different bird of prey was more appropriate.
- Primrose Riordan
This Month
- Opinion
- Rear Window
The Tax Office, the TPB and the kerfuffle wars
After numerous attempts to sideline Tax Practitioners Board CEO Michael O’Neill, the Tax Office turned its sights on the media.
- Neil Chenoweth
