September
Hanwha walks away from $1b pursuit of ASX-listed shipbuilder Austal
The Korean conglomerate has accused the company of making it impossible to conduct due diligence despite four separate approaches since its first last year.
It was cybersleuths who (allegedly) caught Woolies, Coles in the act
In the end, it wasn’t the government, or Treasury, or a parliamentary committee that caused the biggest headache for the country’s supermarket giants this year.
August
Meet the man fighting for our miners
Minerals Council CEO Stephen Galilee is in a unique position of running a major lobby group as a long-time former Liberal Party staffer in a Labor state.
Tim Bishop’s Wollemi Capital hires former NSW treasurer Matt Kean
The former state Liberal deputy leader and energy minister was appointed chairman of the federal government’s Climate Change Authority less than two months ago.
Ex-Macquarie exec Ben Brazil triumphs over Vietnamese billionaire
Brazil’s FitzWalter Capital is seeking $270 million in compensation from Vietjet, one of Asia’s largest airlines, which failed to return four Airbus aircraft.
July
Overhaul for Adgemis’ Public Hospitality Group after refinancing
The Jon Adgemis-chaired pubs empire has completed its refinancing with Deutsche Bank, with the former KPMG dealmaker to focus on redeveloping its pubs.
Streaming, catch-up services on verge of eclipsing TV advertising
Revenue growth has slowed significantly across the media and entertainment sector – particularly in news – a widely followed annual PwC survey has found.
ASX to expand into carbon, gas futures trading in transition payday
The market operator expects to list a gas futures contract in August, and is working with the clean energy regulator on a market for carbon credits.
- Updated
- Managed funds
Perpetual clients pull almost $8b from funds house before KKR sale
Almost 4 per cent of all assets were yanked from the storied asset manager, which is preparing to offload its more successful wealth management division.
- Updated
Panthera Finance administration prompted by founder stoush: PwC
The Brookfield-backed company collapsed into administration after the twin brothers who founded the debt collection business fell out with one another.
- Updated
- Food
Domino’s shuts dozens of stores, dumps big growth target
The company told shareholders it would close stores in Japan and France and warned that the “timing of achieving the long-term outlook was under review”.
- Updated
Pernod Ricard exits Australian wine making, sells to Bain consortium
The French giant’s portfolio of local brands – as well as those in New Zealand and Spain – will be combined with Accolade Wines, the company behind Hardys.
- Opinion
- Debt collection
This must be one of the worst ways of making a return
There’s a dollar to be made lending to people with “impaired credit” while running a debt collection firm. Just ask Brookfield, which is all over this business.
Rex faces boardroom coup as Singaporean investors push to oust chair
The largest shareholder of the regional carrier has called for a shareholder vote just a month after he stepped down as the airline’s executive chairman.
NSW, Queensland flag going it alone in PEXA property settlement snafu
Commonwealth Bank-backed PEXA could still be forced to open its platform to competitors despite the regulator earlier finding it was outside its remit.
Seppeltsfield buys up as Australian Vintage offloads two vineyards
The ASX-listed producer behind McGuigan and Tempus Two will exit one property in NSW and sell another in South Australia to its privately owned rival.
ASIC queried Qantas’ knowledge of ACCC investigation as shares fell
The regulator wrote to the competition watchdog requesting a “a better understanding” of the probe into ticket sales on cancelled flights, emails reveal.
HMC Capital chooses battery storage for first climate investment
David Di Pilla’s asset manager will pay up to $50 million for a controlling stake in StorEnergy, which is headed by a former Spark Infrastructure executive.
- Opinion
- Competition
Could this be the country’s stupidest public policymaking debacle?
From a regulator which has declared it can’t do anything to a company – PEXA – transparently trying to keep its monopoly, there’s not much that can compare.
UBS has a new suggestion for REIT investors – buy battered Mirvac
The bank’s analysts, in a 65-page overview of the sector, said the market had yet to confront the impact of higher interest rates. It expects two increases.