Today
Sympli puts up the white flag, proposes working with arch-rival PEXA
The ASX-listed conveyancing services giant, backed by Commonwealth Bank, says it is “not the role of competitors” to discuss industry structure.
This Month
Can the Murray cod finally hook Australia an aquaculture giant?
It’s a fish that can be found on the menu of white tablecloth diners. But shrinking supply of premium species is a big opportunity for this ASX-listed company.
Betashares to expand into private credit after ETFs hit $50b
The exchange-traded funds giant, backed by Singapore’s Temasek and Boston-based TA Associates, sees a big opportunity at the polar ends of the market.
May
Forrests’ Tattarang backs Bega Cheese bid for $4b Fonterra spin-off
The billionaire family’s investment vehicle says it supported the ASX-listed dairy company’s growth ambitions and interest in the NZ-based business.
April
New Endeavour chief Jayne Hrdlicka finds backers in Mathieson, Wylie
The former Virgin Australia managing director will have to stare down restive investors when she takes over at the Dan Murphy’s and BWS owner next year.
Fonterra warns uncertainty over Bega brand ‘could kill’ $4b spin-off
The New Zealand co-operative has failed in its push to have the divestment of its consumer products division declared not to be a change of control transaction.
Big banks draft in Barrenjoey as they consider Armaguard’s future
The banking lobby needs strategic advice on how the Linfox-owned cash transport business could be funded.
Ben Brazil’s FitzWalter calls off $800m InfraBuild debt suit
Sanjeev Gupta’s Australian steel-making business declined to provide details except to say the former Macquarie deal maker had agreed to dismiss the claim.
Peter Cooper overhauls $6b local equities fund after years of losses
The veteran stockpicker has told staff he will be directly involved in his firm’s main vehicle, getting rid of some managers to stop long-term underperformance.
Goldman’s 73-minute recession says everything about a reeling market
Was it The Art of the Deal, or just Donald Trump blinking in the face of a bond market shock? Either way, it’s been a day of whiplash for traders and brokers.
Coalition to strip $14.5b from key Labor fund
The National Reconstruction Fund was a centrepiece of Labor’s 2022 election pitch to revitalise local manufacturing, but the Coalition has other plans.
Virgin board overhaul brings in Qatar executive, ex-Macquarie chairman
The airline has formally appointed Peter Warne – among others – as a director, two years after he was first announced, as it prepares to rejoin the ASX.
Sanjeev Gupta’s InfraBuild reshuffles its debts to hold off default
The steel-making business said it would raise an extra $240 million from bondholders, already owed $880 million, and pay down other loans due next year.
Fitch Ratings says Gupta’s InfraBuild faces default within months
The sprawling steel business is the British industrialist’s last good asset. The credit agency says a breach of its lending agreement “appears probable”.
March
Ben Brazil’s InfraBuild lawsuit spurious and illogical: Gupta
In response to a New York lawsuit, the British industrialist said bond agreements expressly allowed the use of company funds to pay GFG Alliance creditors.
Sanjeev Gupta’s InfraBuild delays accounts for third time in a month
Despite having circulated its unaudited half-year financial results to bondholders on March 3, it has repeatedly delayed a call to discuss the finalised figures.
Regal chief executive Brendan O’Connor dumps $3.4m in fund’s shares
The sale represented about 10 per cent of his holdings in the funds management business founded by stockpicker Phil King and came despite a share slump.
Hedge fund giant Bridgewater bets against Australian stocks and bonds
Founded by Ray Dalio, the American investment giant will gain if the sharemarket falls and if long-term interest rates increase, new disclosures show.
Former registrar accuses Family Court of interference and bullying
Ann Sturgess says she left a toxic workplace after two decades of service. The court claims she couldn’t take a joke.
February
Sanjeev Gupta’s last best asset faces a Ben Brazil-shaped problem
The former Macquarie dealmaker says the British industrialist’s InfraBuild must buy back $800 million in bonds. The company says it is a “nuisance complaint”.