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Cettire founder makes rare appearance to talk up retailer’s growth
The luxury goods marketplace has been under considerable investor pressure with questions over some of the company’s duty and tax payment practices.
- 1 hr ago
- Carrie LaFrenz
Inside Kogan’s $17 million executive windfall
Recently released emails show how the Kogan board delayed the settling of executive bonuses for cash, helping the return.
- Mark Di Stefano
PwC’s failed complaint over professor’s spicy LinkedIn posts
Andy Schmulow’s more polite jibes included calling PwC “a cancer” on society, “thugs in suits”, and a “parasite”. PwC reckons it’s all beyond the pale.
- Updated
- Myriam Robin
- Exclusive
- Private equity
Perpetual to be broken up, name sold to KKR in $1.5b deal
The transaction will give the private equity giant the rights to the 138-year-old brand and leave the ASX-listed group as a pure-play funds management business.
- Anthony Macdonald and Aaron Weinman
Westpac’s business boss eyes fast-charging financing demand
Anthony Miller says “business credit growth will be as good, if not better than in the first half” after three banks talked up their business lending pipelines.
- Lucas Baird
Perpetual boss Rob Adams looks for the exit as KKR takes control
Last month we reported that KKR had secured exclusivity, and was working through a range of complexities and ownership of the 138-year-old brand name.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Opinion & Analysis
The chart that gives Goldman confidence M&A is on the up
Be wary of bankers talking deal pipelines. But what you can rely on them for is a good chart. Goldman Sachs’ M&A boss Marissa Freund didn’t disappoint.
Columnist
The Reserve Bank’s bleak news on housing
The central bank sees little respite for struggling home buyers and renters for years to come, as demand in the nation’s housing market continues to outstrip supply.
Columnist
The sneaky bad news in the banks’ $4.5b buyback bonanza
ANZ joined the bank buyback party on Tuesday. Investors love getting excess capital back, but do these buybacks show the banks are short of growth options?
Columnist
The four key themes dominating Macquarie’s talkfest
Macquarie chief Shemara Wikramanayake is the perfect person to open the biggest investor conference of the year with the last of her issues a sleeper for a lot of us in Australia.
Columnist
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Westpac Banking Corporation
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Updated: May 7, 2024 – 4.48pm. Data is 20 mins delayed.
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Featured
- Analysis
- Social media
The real reason Elon Musk is taking on Australia
Australia has become the latest battleground for the billionaire’s global war on internet censorship, Will he win?
- Michael Pelly
- Investigation
- Shares
Broking bad: ASIC ‘threat’ fears about Morgans revealed
The corporate cop dealt with problems brewing at leading stockbroker Morgans for three years before a public crackdown. New documents detail the scale of its concern.
- Liam Walsh
BHP has UBS, Barclays in corner as it eyes mega Anglo American deal
Sources close to discussions said negotiations were at an early stage and other miners were interested in the London-based producer of platinum and copper.
- Sarah Thompson, Kanika Sood and Emma Rapaport
More From Today
- Opinion
- Chanticleer
The chart that gives Goldman confidence M&A is on the up
Be wary of bankers talking deal pipelines. But what you can rely on them for is a good chart. Goldman Sachs’ M&A boss Marissa Freund didn’t disappoint.
- Updated
- Anthony Macdonald
Iluka boss calls out China’s infiltration of rare earths in Australia
Tom O’Leary says China is trying to extend its global dominance in rare earths by controlling assets in Australia and rigging prices.
- Updated
- Brad Thompson
- Updated
- Earnings season
ANZ says it can reward shareholders and grow lending
The bank said profits were down in its retail business with conditions “more competitive than ever”, but lending to large companies was stronger.
- Updated
- Lucas Baird and James Eyers
G8 Education board faces investor scepticism over Star links
The biggest for-profit operator of childcare also revealed some problems had struck a controversial deal to offload underperforming centres.
- Liam Walsh
- Opinion
- Interest rates
The Reserve Bank’s bleak news on housing
The central bank sees little respite for struggling home buyers and renters for years to come, as demand in the nation’s housing market continues to outstrip supply.
- Updated
- Karen Maley
New deal! Five V Capital are creatures of Habit
Allied health providers have proved popular – and profitable – for a number of investors, including Quadrant Private Equity, Next Capital and Adamantem Capital.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
The sneaky bad news in the banks’ $4.5b buyback bonanza
ANZ joined the bank buyback party on Tuesday. Investors love getting excess capital back, but do these buybacks show the banks are short of growth options?
- Updated
- James Thomson
PwC partners in Middle East accused of blocking first woman boss
PwC is facing a backlash from its own staff after two women were passed over for the UK firm’s top job, as Middle Eastern partners grow in strength.
- Updated
- Adam Mawardi
Lowy-backed Assembly names new chief investment officer
The real estate investment firm has elevated former Invesco head of acquisitions Tim Meurer to head up its investment strategy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Aviation
Bonza’s backers plotted to ‘get the planes out’ and ‘wind this up’
Leaked documents show the writing was on the wall for the budget carrier weeks before it collapsed, and suggest co-ordination between its financiers and owners.
- Updated
- Ayesha de Kretser
Big four exam cheating under spotlight amid AI fears
Academic integrity is in focus for professional regulators after a series of cheating scandals and the rise of artificial intelligence.
- Adam Mawardi
- Opinion
- Chanticleer
The four key themes dominating Macquarie’s talkfest
Macquarie chief Shemara Wikramanayake is the perfect person to open the biggest investor conference of the year with the last of her issues a sleeper for a lot of us in Australia.
- Updated
- Anthony Macdonald
Louis Dreyfus fires back at Olam in takeover battle for Namoi Cotton
The French agribusiness has struck another blow in the battle with its Singaporean competitor for control of Namoi Cotton.
- Brad Thompson
Law Council ‘extremely concerned’ by ATO’s privilege allegations
In response to comments by Jeremy Hirschhorn to the Senate, the Law Council warned against casting doubt over the purpose of law firms’ consulting arms.
- Maxim Shanahan
Macquarie bets big on data centres in AI revolution
Shemara Wikramanayake expects the biggest tech companies to consume more data in their quest to sharpen AI platforms.
- Aaron Weinman
- Analysis
- Banking products
Good banks today want to be seen as boring
Regional US financial institutions are promoting themselves as stodgy, stuffy and dull in response to industry failures.
- Bre Bradham
Sierra Rutile major shareholder presses the flesh as bid extension lands
Sources told Street Talk that Sierra Rutile had met with its new largest shareholder Gemcorp on Friday to ascertain its intentions.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
Let ASIC police big four conflicts: Samuel
Former ACCC chairman Graeme Samuel says the big four’s governance changes looked good on paper, but would not fundamentally change the culture of the firms.
- Maxim Shanahan and Ronald Mizen
Stefanovic’s Indigenous teen clanger, brought to you by Sportsbet
The online bookmaking giant turned the 19-year-old into a walking sandwich board for the company, showing (once again) it just can’t help itself.
- Mark Di Stefano
Vanessa Hudson’s ACCC settlement is six months too late
Vanessa Hudson could have made settling the ACCC case a hallmark of her regime. Nine months after her elevation, it’s a little late for that.
- Myriam Robin