This Month
CEOs to Labor: inflation still needs to be tamed
Measures to lift housing supply are being partly applauded, but a heavier push on curbing inflation seems to be missing in a two-speed economy.
- Updated
- Food
Beef giant’s earnings dip but CEO says there’s ‘strong demand’
The beef giant saw a drop in profits as rivals pushed more meat onto the market and costs rose.
- Updated
Firstmac hack deepens, credit card data stolen
The theft of credit card details has raised concerns about the Brisbane-based lender’s security and encryption standards.
- Updated
- AGM season
QBE pumps up Australian premiums, but squeeze slows
QBE revealed growth in all commercial markets at its AGM, including in Australia, where premiums increased by 11 per cent.
- Updated
PSC takeover delivers $350m payday for insurance broker
Analysts say Ardonagh’s offer of $2.3 billion for the Melbourne-based insurance broker represents an “attractive multiple” as chairman Paul Dwyer realises a huge windfall.
PSC strikes $2b sale to Ardonagh in insurance broker deal
PSC helps arrange cover for everything from cyber-hacks on businesses to accidents and agricultural enterprises.
- Updated
Ex CSIRO boss would pick different ‘winners’ in $1b quantum push
Larry Marshall, former CEO of CSIRO, says taxpayer money should be targeted at points in the quantum computing supply chain, not the finished product.
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.
‘Ignore him at your peril’: The man who runs Queensland
The emergence of Gary “Blocker” Bullock as Labor’s most influential unionist is a story of the rise of the left and the decline of the once-mighty AWU.
April
Review targets workplace watchdog’s stomach for construction fights
Details about a KPMG review into the Fair Work Ombudsman comes as the CFMEU strikes on a key Qld government project, and warns of potential political fallout.
Firstmac hackers claim tax file numbers
The Brisbane-based lender has warned customers that tax file numbers and dates of birth have been stolen.
ASIC secretly probed IAG’s Greensill disclosure
As IAG raised $750m, a hedge fund’s tip-off claimed there was scant detail about exposure to fast financier Greensill Group. Since then, $7b in gross claims have been declared.
Anglo to run investor gauntlet after rejecting BHP’s $60b bid
The market is tipping BHP can come back with a higher offer, as it moves to acquire more copper assets. But first, Anglo American will face its own shareholders.
- 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.
Budget reality check for Chalmers after high home-grown inflation
“Unrelenting” domestic price pressures boosted consumer inflation in the first three months of 2024, while Treasurer Jim Chalmers would not be drawn on whether the May budget would add to demand.
Mathieson buys more Star shares as inquiry fallout spreads
The independent inquiry into the casino group heard from more current and former executives about dysfunction within the business.
Federal Court says Blumenthal market rigging was ‘serious, deliberate’
The stockbroker will be banned from managing companies for five years and pay an $850,000 penalty four months after reaching an agreement with the regulator.
Taxpayer review into 2032 Games venues ‘blindsided’
An independent review into 2032 Games venues was supposed to deliver the ‘right’ infrastructure. But Queensland bureaucrats were working on rival plans.
Suncorp discovers stress-test flaws, files regulatory breach
The insurance-banking conglomerate says it is dealing with APRA about the problem but no penalty will be applied.
‘Personal support’: Pherous’ $16m share transfer to ill colleague
Corporate Travel Management’s CEO has reshuffled his private interests, and 1 million of his personal shares have been gifted to long-time deputy Laura Ruffles.
