One of the year’s big themes in Australian equity capital markets is the quest for earnings simplicity.
Fund managers don’t want too many moving parts. They don’t want sprawling empires, they don’t want different divisions inside the one company moving at different paces, they don’t want good money in one business topping up bad money in another.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
