Today
Founder empathy is testing the limits of good boards
Independence, like value, is largely in the eye of the beholder. And investors are doing their homework on captured directors.
This Month
Battle for Insignia becomes three-way bidding war
Brookfield is vying for the owner of MLC, joining a $3.1 billion wealth management tussle with CC Capital and Bain Capital.
December 2024
Bank of Queensland slams rural branch levy as bad policy
Chairman Warwick Negus said larger banks would only get bigger and consumers worse off under Treasury’s proposed $350 million impost on the banking sector.
October 2024
Super Retail boss’s share award challenged by proxy adviser
Ownership Matters has recommended shareholders reject a proposal to give Anthony Heraghty performance rights because the conditions linked are too easy to meet.
September 2024
Foreign investors want clarity on retooled FIRB
Federal Treasurer Jim Chalmers’ safeguards for higher-risk foreign investment proposals have been met with confusion overseas.
August 2024
Sportsbet’s shrunken quarter overshadowed by Flutter upgrade
Shares of the Irish group rallied after it upgraded earnings guidance, including for its Australian business, where revenue fell 10 per cent last quarter.
July 2024
Earnings season will reveal the real inflation picture
Prices are still going up but many companies are realising the limits of their powers, and central banks should be paying attention.
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.
June 2024
Collapsed Dion Lee owes $20m to Levis family’s Cue
An entity linked to Cue extended $20.3 million in working capital and funding since January 2022, making it Dion Lee’s number one creditor ahead of the Commonwealth Bank.
May 2024
Hancock exec says Cook’s California dream may mean higher emissions
Magnetite projects fit perfectly into Australia’s green future but are hamstrung by insufficient power, water and regulatory fatigue, Sanjiv Manchanda said.
Santos will sack 200 people as project delays spoil returns
The reliance on new projects such as Barossa in the Timor Sea takes on greater importance at Santos, where many of its legacy assets are being depleted.
January 2024
ASX closes firm, worst day for Nanosonics
Shares edge up; US stocks break record high; Nanosonics misses guidance; BWP and Newmark in $3.5b merger; Woodside record output. Follow updates here.
November 2023
ASX ends flat as large caps help offset declines in tech, real estate
Nvidia outlook sparks tech stocks to fall. Origin, CSL counterbalance declines in tech and real estate. Healius shares hit 20-year low. Follow updates here.
October 2023
ASX edges up; miners sink; Inghams surges
Shares advance at the closing bell; Treasury Wine to buy California winemaker; Inghams rallies on positive guidance; Bank of Japan slightly loosens grip. Follow updates here.
ASX’s last-day gains fail to offset a second week of declines
ASX closes its second weekly in the red. Tech stocks hit after Nasdaq rout. Producer prices jump on oil and energy costs Follow here for more
ASX hits 2023 low; Azure rallies 43pc; Westpac drops
Shares fall at market close; US tech stocks dive after earnings shortfall from Alphabet; Westpac’s Ellis tips RBA to raise cash rate on Cup day; SQM to buy Azure for $1.6 billion; Fortescue makes slow start on push for fifth iron ore export record. Follow here for more.
ASX rises; Lynas, Zip shares climb; Ansell drops
Shares finish higher as investors shrugged off wild movements in the bond market; Ansell says pandemic unwind still has a way to go; Bitcoin leaps through $US31,000. Follow updates here.
ASX drops to one-year low as South32 disappoints
Shares tumble; Judo seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; bond yields at 12-year highs; Immutep with positive trial results; Propel Funerals rejects buy offers.
Sell-off sends ASX back below 7000, tech stocks lead losses
Shares post their worst one-day performance in four weeks as Biden departs Israel. Unemployment eases to 3.6 per cent in September. Follow for updates here.
ASX rises; Whitehaven rallies 12pc; Credit Corp slumps
Better than expected China GDP pushed shares higher; Woodside narrows production guidance; Whitehaven set to buy BHP’s Queensland coal auction; Cettire doubles revenue. Follow updates here.