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Wayne Swan’s big ASX crusade starts to crystallise
The former treasurer’s public support for local solar panel subsidies comes as he tries to consolidate the sand industry.
- 3 mins ago
- Mark Di Stefano
Henri Aram: the 101-year-old market gadfly
A reforming pioneer in the investment advice industry, Henri Aram was also outspoken about the operation of finance markets and the behaviour of big corporates.
- 28 mins ago
- Andrew Clark
SA’s Benson Radiology orders adviser beauty parade
Sources said Benson is making about $30 million EBITDA a year.
- 58 mins ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
News Corp restructure ‘savings’ soar as editors talk strategy
After a lacklustre advertising market struck media companies in 2024, a proposed restructure at News Corp will now aim to save $50 million instead of $15 million.
- 1 hr ago
- Sam Buckingham-Jones
Saudis bank soft power win as Adelaide LIV goes off
The federal sports minister once called for a boycott of Saudi Arabia’s sporting endeavours. Now even she’s a guest at the Saudi-funded tournament.
- 1 hr ago
- Myriam Robin
Melbourne rivals hope Kyle and Jackie O’s sins haunt advertiser demand
Kyle Sandilands and Jackie Henderson signed a 10-year, $200 million contract late last year. Now they’re taking on Melbourne’s $220 million radio market.
- 1 hr ago
- Sam Buckingham-Jones
Opinion & Analysis
Anglo’s predictable rejection won’t end BHP’s ambitions
BHP won’t be put off the scent by Anglo American’s rejection of its $60 billion takeover. There’s too much at stake.
Columnist
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?
Legal editor
Why US housing remains the big obstacle to rate cuts in 2024
Investors’ hopes of rate cuts are waning, as problems in the US housing market look set to keep house price and rental inflation bubbling along.
Columnist
Musk sells the Tesla dream, skips the details
On the car maker’s results call this week, the numbers were bad but the words were dreamy. Perhaps too dreamy.
Contributor
Companies in the News
Woodside Energy Group
Commonwealth Bank
National Australia Bank
The Star Entertainment Group
Updated: Apr 26, 2024 – 4.35pm. 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
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.
- Joshua Peach and Liam Walsh
Aldi pays mega $420m dividend to offshore parent
Newly released accounts reveal the discount supermarket chain made a hefty capital return to Austrian company Hofer KG in 2023.
- Carrie LaFrenz
BHP’s $60 billion copper play was years in the making
How chief executive Mike Henry has been methodically hunting a big deal for years.
- Thomas Biesheuvel, Dinesh Nair and Paul-Alain Hunt
Profit of $4804: how Musk’s takeover crushed Twitter in Australia
X is expected to be wound in Australia up after reporting just $3.4 million in revenue in the first half of 2023, documents reveal.
- Sam Buckingham-Jones
Banks stare down spectre of bad debts, eye $4.5b return
Analysts say banks may declare higher dividends and share buybacks over the next fortnight’s earnings season as margin pressures ease.
- Lucas Baird and James Eyers
KKR seeks to resolve 11th-hour hurdles ahead of Perpetual break-up
The Perpetual board was eager to update the market at its third quarter update on Wednesday but was body blocked by its advisory team
- Sarah Thompson, Kanika Sood and Emma Rapaport
NSW wants fintechs to be part of the country’s largest bank contract
Westpac, ANZ and Citi are incumbents, but NSW Treasury wants innovative pitches to help solve issues, such as helping get payments to victims of domestic violence who may not have access to banks.
- Max Mason
- Opinion
- Chanticleer
How under the radar I-MED is fighting fit after 20-year PE job
Tucked away in private equity, it is easy to forget about Australia’s biggest imaging company I-MED. But it is worth watching this year; it has a few ideas on the boil.
- Anthony Macdonald
Tasmea helps break IPO drought after spurning private equity
Stephen Young says he held out for the thawing of the IPO market rather than commit a “breach of faith” by selling to private equity buyers.
- Simon Evans
Yesterday
BHP’s bid for Anglo casts cloud over $9b mine
BHP’s takeover proposal of rival Anglo American is throwing uncertainty over the future for Anglo’s massive fertiliser mine in England.
- Jack Ryan
Activist Elliott builds $1b Anglo American stake
The hedge fund led by Paul Singer has built a billion dollar stake in BHP target Anglo American, placing it among its 10 biggest shareholders.
- Crystal Tse, Dinesh Nair and Swetha Gopinath
This Month
- Opinion
- Chanticleer
Anglo’s predictable rejection won’t end BHP’s ambitions
BHP won’t be put off the scent by Anglo American’s rejection of its $60 billion takeover. There’s too much at stake.
- James Thomson
Anglo American rejects BHP’s $60b bid for copper supremacy
Anglo American investors were already cool on BHP’s offer as the race between global mining heavyweights for copper assets hots up.
- Brad Thompson and Elouise Fowler
- 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
Aussie Broadband to call Barrenjoey, Luminis in Superloop court battle
Investment bankers and Superloop directors and executives will be subpoenaed as witnesses in a Federal Court trial as Aussie Broadband continues to fight its rival over a forced share sale.
- Jenny Wiggins
Future Fund vindicated by reality of ‘sticky’ inflation
A sharemarket rally, spurred by hopes of rate cuts, has lifted the Future Fund’s portfolio, but it says investors have not adjusted to a higher-for-longer scenario.
- Jonathan Shapiro
Woodside looks inward after climate gambit defeated
The oil and gas producer felt the force of big super and green investors when it took a transition plan to shareholders. Now it has no choice but to do better on emissions.
- Anthony Macdonald
Racing Victoria boss resigns after months of shareholder pressure
Andrew Jones, who served under two chairmen in his time at the helm, said it was the right moment to leave and make way for a new chairman and board.
- Zoe Samios
‘Wealth effect’: the stocks that could gain from rising house prices
Jarden highlights its best bets, saying homeowners feeling good about their property appreciation turn to spending more on big-ticket retail items.
- Simon Evans
Seven settles with man it wrongly named as Bondi killer
Less than a week into the job, Seven West Media’s chief executive Jeff Howard has apologised to student Ben Cohen for the error by its flagship Sunrise show.
- Sam Buckingham-Jones
