Yesterday
Virgin’s future is now in the hands of the markets gods
The problem with listing ceremonies is they’re backward-looking, while markets look forward. The airline did what it had to do to relist, but now it’s over to the market.
How $13 smokes smacked Metcash’s tobacco sales 40pc in four years
The supermarket supplier’s numbers are indisputable proof of how the illegal tobacco trade is running rife.
EnergyAustralia, Alinta merger would shake up electricity and gas supply
Private equity giants are sniffing around a “once in a blue moon” chance to combine EnergyAustralia and Alinta, making a motza from what’s left of coal power.
This Month
The aspect of AI that means Australia could miss out
More than three in four robotics patents in the past 20 years are from China. How do we make the most of that?
Rebuilding battered WiseTech’s board, reputation is no small task
What’s more important? Who’s joining the global software company as a director or who’s leaving?
Move over industry, data centres are rolling in
What does it say about Australia’s future when energy-hungry data centre owners replace old-fashioned industrial manufacturers?
How index funds are holding back the IPO market
Investment banks don’t love talking about it, but their business model is as flawed as the market for new listings.
ESG’s social licence gone like green hype. That’s OK
How you split “ESG” from sustainable earnings is beyond us. ESG isn’t dead, it has just evolved.
Australia’s biggest piece of M&A bait catches its dream deal
A trifecta of bids from a trifecta of buyers. Welcome to Santos’ unique world.
Why ASIC cannot afford to keep wearing ASX’s dirty laundry
With hindsight, ASIC should have run its inquiry into the stock exchange operator years ago.
Is it time for standalone Suncorp to find its Warren Buffett?
The company promised us a leaner, meaner insurer. Investors are yet to see it. However, the next few weeks could be telling.
Why oil price is not what this $2trn manager is watching
An hour with a big fixed income manager is a discussion of the big issues. Expect volatility, he says – a bit of a tired line, although not an untrue one.
Johns Lyng, tell ’em the price, son!
The property services group was caught red-handed dealing with Pacific Equity Partners. So why stop short of disclosing what’s actually going on?
AI evangelists lay groundwork for start-up flood, VC investments
The AI full court press is on with a pitch now aimed at Australia’s super funds and family offices.
Eight reasons this super giant likes private markets
As ASIC tinkers with IPO structures to bolster public markets, the $330 billion Australian Retirement Trust has given us the best explanation yet of why it’ll keep investing in private markets.
ASIC’s IPO tweak helps, but it’s not the saviour of public markets
Chairman Joe Longo cannot fix the fact private markets will pay more for smaller businesses than public markets, but he can try to make listing hurdles a bit smaller.
Public equities advocate Perpetual hops into bed with Swiss private equity
Perpetual’s move says a lot about the challenges of the active equities industry in 2025. Their universe is changing quickly, and the pressure is immense.
This migrant family business will knock off Virgin as the biggest IPO
Fund managers love a family business transitioning to the ASX. This property group has all the traits.
KKR CEO: Don’t believe ‘private equity is dead’ narrative
But Scott Nuttall, the private equity giant’s co-chief executive, predicts a shakeout as higher interest rates bite poor investments made during the pandemic.
Painful private market discounts the key to unlocking IPOs
It is ironic that Virgin launched its listing on the same day ASIC released 50 submissions into its public-private markets review.