Today
- Live
- Markets Live
ASX gains; Life360, Suncorp slump
Shares lift; Suncorp homeloans up; QBE premium increases help results; Helia in $100 million share buyback, Upbeat outlook for St Barbara. Follow updates here.
- 53 mins ago
- Timothy Moore, Cecile Lefort, Joanne Tran, Sarah Jones and Joshua Peach
Bezos, Zuckerberg lead magnificent seven insider stock sales
Almost a dozen executives and directors at the firms recently boosted their share sales, earning more than $242 million since late 2023.
- Ben Stupples
Yesterday
Cabal of industry super funds, led by investors, weighed ASX takeover
The ASX is an essential piece of infrastructure, and has a quasi-monopoly position, a description that would fit Sydney Airport, for instance, which went private in a $23.6 billion takeover.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Macquarie readies sale of $450m-a-year Kinetic; seeks 10x multiple
Kinetic recently ruled off a $1.6 billion refinancing which Macquarie reckons puts it in a position to accelerate the decarbonisation of its fleet.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Investors are set to pile into Australia’s first green bond
European fund managers are backing the federal government’s plans to shed its reputation as a coal polluter, with its $7 billion bond looking well oversubscribed.
- Updated
- Cecile Lefort
Why Rio Tinto is worth more than its $130 price tag
Maple-Brown Abbott’s Emma Pringle is betting the iron ore giant’s share price has more room to run. She’s also bullish on Healius despite a shaky 12 months.
- Joanne Tran
Biden fights back after Druckenmiller’s reckless spending lambast
Campaigning in a key state, Joe Biden defended his government’s massive government industry subsidies from critics including the billionaire investor.
- Updated
- Matthew Cranston
Stock rally ‘too good to be true’, warn CIOs
Investment chiefs say the market looks too expensive given the uncertain economic backdrop and that there’s good reason to be cautious for the rest of this year.
- Joanne Tran
- Updated
- Earnings season
CBA profit falls to $2.4b but ‘momentum’ improves
Lower margins reduced profits at the country’s largest bank over the last three months, as higher interest rates saw late loan repayments rise.
- James Eyers and Lucas Baird
Shares fall; Baby Bunting crashes, retailers dive, banks drop
Shares slip 1.1pc. Retail worries mount on multiple trading updates. CBA’s profit slips 5pc, consumer debts creep higher. Westfield lifts investment after Bondi attack. Follow here.
- Timothy Moore, Tom Richardson, Cecile Lefort, Sarah Jones and Joanne Tran
This Month
Companies tap offshore money as IPO drought deepens
A dire environment for capital raising is seeing a rise in dual listing activity between Canada and Australia as companies look to raise more money overseas.
- Joshua Peach
Coalition to oppose ‘sophisticated investor’ test overhaul
Labor is grappling with backlash from the start-up sector over calls to limit access to venture capital to investors worth more than $4.5 million.
- Michael Read
- Opinion
- Chanticleer
‘I’m not Buffett’: Druckenmiller on Nvidia, Trump and the Fed’s error
Wall Street legend Stan Druckenmiller has profited from the Federal Reserve’s dovish pivot, though he says it could get harder for investors to time AI’s boom.
- James Thomson
Shares flat; Perpetual shares sink on KKR deal, Pinnacle jumps
Shares pare gains. ANZ sticks to Nov rate cut call. Dow rises for five straight days. Goodman lifts guidance. IPH lobs Qantm takeover bid. Leo Lithium sells $US343m tenement stake. Follow here.
- Timothy Moore, Tom Richardson, Sarah Jones, Joanne Tran and Cecile Lefort
Investors pull money from Wall Street in favour of Asia, Europe
Fund managers are reallocating money away from Wall Street betting that ‘US exceptionalism’ has run its course.
- Ishika Mookerjee, Charlotte Yang and Sagarika Jaisinghani
- Opinion
- Chanticleer
RBA is still betting on Goldilocks. Investors shouldn’t follow suit
With the ASX 200 back near record levels, investors are betting Michele Bullock is right on a soft landing. But with uncertainty high, a more all-weather approach looks sensible.
- Updated
- James Thomson
- 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
ASX has best day in three months on RBA rate call; banks rally
Shares jump 1.4 per cent at the closing bell as CBA climbs; Reserve Bank revises inflation forecast; ANZ records 7 per cent cash profit decline in first half results. Copper breaches $US10,000. Follow updates here.
- Updated
- Timothy Moore, Joanne Tran, Cecile Lefort and Sarah Jones
- Opinion
- Smart Investor
The investment shift that could undermine your wealth plan
Whether to invest for income or growth is not the right question to ask for those in or moving to retirement.
- Tim Mackay
Shaw and Partners boss says ‘fed-up’ Morgan Stanley brokers walked
“Heavy-handed” Morgan Stanley’s loss is Shaw’s gain, says co-CEO Earl Evans, who now manages $5 billion in WA wealth alone.
- Brad Thompson
