Yesterday
- Opinion
- Opinion
New Hope makes it two convertibles in two days
It’s good to see the miners creative with their funding structures.
- Anthony Macdonald
- Opinion
- Opinion
‘If it was normal, I wouldn’t be in a job’: inside AustralianSuper’s year
CIO Mark Delaney realised he was too bearish and had to make an important call over Christmas. By April, it was reversed. Nvidia was at the heart of it.
- Updated
- Anthony Macdonald
- Opinion
- Opinion
Passive funds changed markets, but Grantham’s GMO says golden rule hasn’t
Active funds managers are worried about the weight of money heading into passive funds. And they should be.
- Anthony Macdonald
This Month
- Opinion
- Opinion
Bye-bye, banks: Liontown’s wild ride reveals critical minerals truths
The harsh reality of where the ASX’s two biggest sectors – banking and mining – cross over has played out before our eyes.
- Anthony Macdonald
- Opinion
- Opinion
The underestimated bank boss with the strategic handball
Bendigo and Adelaide Bank’s Marnie Baker was underestimated on arrival. She leaves well regarded, albeit having failed to answer the big structural question over her bank.
- Anthony Macdonald
- Opinion
- Opinion
Small caps’ wild EOFY ride exposes market’s dirty little secret
Monday’s list of worst performers looked like Friday’s best performers turned upside down. It was laughable.
- Anthony Macdonald
- Opinion
- Opinion
Simpler, predictable earnings this year’s equity market story
Fewer shocks and more bankable businesses, that’s what is in fashion with investors this year. The list of companies trying to dish it up is growing.
- Anthony Macdonald
- Opinion
- Opinion
How new Citi markets boss’s weightlifting makes her fit for a fight
Cristina Chang is just back from Hong Kong after two decades, where she went from youngish Mallesons lawyer to financial hard-head with Olympic-level strength.
- Anthony Macdonald
June
- Opinion
- ANZ Bank
Chalmers turns ANZ’s Suncorp bid into once-in-a-generation deal
When you look at the commitments ANZ is making to buy Suncorp, you have to wonder: if it is competition we’re after, is it competition we’ve got?
- Updated
- Anthony Macdonald
- Opinion
- Opinion
This year’s winners were hiding in plain sight
Australia’s fund managers were chasing their tails from November when the market started running. Plenty never caught up, and one sector proved most costly.
- Anthony Macdonald
- Opinion
- Governance
How a shake-up could unlock $40b for Rio Tinto investors
BHP cleaned up its outdated corporate structure and can now do things like bid for Anglo American. There is pressure building on Rio Tinto to consider doing the same.
- Anthony Macdonald
- Opinion
- Opinion
The three rules of investment banking
This is perhaps the simplest and best explanation of investment banking we’ve heard in the past decade.
- Anthony Macdonald
- Opinion
- Interest rates
Why one more rate rise would be extra painful
Central banks don’t go from rate hikes to cuts quickly, so another rate rise on the back of May’s sticky inflation figure, will only help delay the change in direction.
- Anthony Macdonald
- Opinion
- The Star Entertainment Group
Star pays through the nose for a bit of McCann magic
The gaming group’s new boss held all the cards in negotiating his arrival. Now shareholders need him to negotiate as effectively on their behalf.
- Anthony Macdonald
- Opinion
- Opinion
Start-up founders take us back to basics. It’s refreshing
It’s refreshing to hear from founders and their investors who aren’t tied up in corporate spin. Their stories are about survival.
- Anthony Macdonald
Profits finally run over by the interest rates truck
Somehow, corporate profits and margins beat expectations at the February reporting season. A spate of downgrades this week shows cost pressures and softening demand is finally biting.
- Anthony Macdonald
1pc of your super for venture capital? Add it to the list
Everyone wants a piece of the $3.9 trillion super system and now we can add venture capital. The problem is, it is not the government’s money to redirect.
- Anthony Macdonald
CEO pay goes green, but details lacking on performance measures
It’s one thing to set CEO remuneration based on climate change goals; it’s another to be able to properly measure them.
- Anthony Macdonald
- Opinion
- Online shopping
Cettire’s 50pc crash a story of life in the fast lane
Cettire founder Dean Mintz will push on; that’s what founders do. While he looks at China, the capital markets game rages.
- Anthony Macdonald
- Opinion
- Mergers & acquisitions
Myer’s new brigade imagines a future with warring Solomon Lew
Myer’s battle with its biggest shareholder hasn’t been good for anyone, so credit to the new brigade for bringing it to a head.
- Updated
- Anthony Macdonald