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Top Shelf director Adem Karafili has presided over a 98 per cent decline in the company’s share price since listing.

Bids fly for Top Shelf International assets

Street Talk understands Longreach Credit Investors has fielded a $20 million bid for a collection of Top Shelf’s assets.

Beach Energy’s Brett Woods at the Australian Domestic Gas Outlook conference in Sydney.

Gas policy ‘taken over by activists’: Beach CEO

Brett Woods also took aim at politicians opposing local gas supply projects that are forcing the industry towards more emissions intensive and expensive imports.

Di Pilla spruiks Healthscope bid, says he’ll keep hospitals running

The veteran dealmaker’s HMC Capital has been eyeing the country’s second-largest operator of private hospitals, and says his proposal is “a serious one”.

ASIC and ASFA should get a room

Sufferers of chronic neck pain, best stop reading here.

Former Goldman ECM boss Aaron Lamshed finds a new home

A 25-year veteran of the markets, Lamshed started at Goldman Sachs in 2014 and elevated to managing director in 2021.

Zip Co goes to ground after Federal Court loss

A court loss, a likely large damages bill, and orders preventing Zip from using its name on certain local products? No need to disclose any of that, it seems.

Opinion & Analysis

RBA won’t join desperate guessing game

Central banks are as much on edge as markets, as the world waits to learn the impact and extent of Donald Trump’s tariffs. Caution reigns at the Reserve Bank.

Fourfold rise in union visits at BHP’s Pilbara mines is not helping wages

It is amazing how quickly a summit about the workforce reveals the chasm between government and big business. BHP’s Pilbara mines are a great example.

Chanticleer

Columnist

Chanticleer

The buy and sell cycle chewing up ASX companies and their investors

Companies get hoodwinked into thinking selling assets and returning capital via buybacks and dividends can make up for past sins. It doesn’t.

Chanticleer

Columnist

Chanticleer

The battle to save Healthscope is about more than money

The fight over the hospital giant will pit heavyweight deal makers against each other. And questions of politics and social licence will make it complicated.

Chanticleer

Columnist

Chanticleer

Companies in the News

Commonwealth Bank

cba$153.230
 1.52%

ASX Limited

asx$63.180
 -3.01%

Nine Entertainment

nec$1.495
 -0.66%

Qantas

qan$9.050
0.00

Coles Supermarkets

col$19.880
 1.79%

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Inside Clive Palmer’s one-man war on ASIC

Clive Palmer and Donald Trump both believe they’ve been the targets of unfair lawsuits by regulators, and both aim to get even.

Rocky Elsom back in 2010 when he was Wallabies captain.

How it all went wrong for Rocky Elsom in the ‘wild west’ of French rugby

The former Wallabies captain faces arrest in France over misusing the assets of his rugby club. But court documents reveal he left the club in its best financial position in years.

Inside Duncan Saville’s billion-dollar Bermuda Triangle

A decade after the ATO hit the reclusive Australian investor with a $189 million tax bill and savaged his character, Canberra is rolling out the red carpet.

More From Today

RBA governor Michele Bullock

RBA won’t join desperate guessing game

Central banks are as much on edge as markets, as the world waits to learn the impact and extent of Donald Trump’s tariffs. Caution reigns at the Reserve Bank.

Ladbrokes owner Entain has axed more than 50 jobs in Australia.

Bookmaker behind Ladbrokes turned blind eye to drug money laundering

Over 640 pages, Austrac accuses the UK bookmaking giant of failing to catch “large amounts of money being regularly moved”.

15 years of drift: Why global law firms can’t make it in Australia

UK and US law firms are battling for market share on either side of the Atlantic. But expansion has proven much more difficult in Australia.

BHP’s Jad Vodopija.

Fourfold rise in union visits at BHP’s Pilbara mines is not helping wages

It is amazing how quickly a summit about the workforce reveals the chasm between government and big business. BHP’s Pilbara mines are a great example.

Lee Power in a late 2021 photo at UBS, after Barrenjoey had raided its ranks.

UBS industrials analyst off to JPMorgan

Power frequently ranks among Peter Lee’s annual tally of analysts that are the most popular with clients.

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Brittany Hugoboom, 33, is the co-founder and editor in chief of Evie, a publication dedicated to celebrating “femininity.”

The ‘Conservative Cosmo’ with big ambitions, and sex tips for wives

The Evie reader can work. She can be a mother. It’s her choice. It’s just not feminism.

Virgin Australia aircraft in Sydney. The company hopes to be listed on the ASX by June.

Virgin plans June listing as it restructures into a public company

The Bain Capital-controlled airline’s executives have begun weeks of meeting with prospective investors in a roadshow that is billed as a business update.

Sanjeev Gupta, pictured at one of his plants in 2017, is presiding over a manufacturing empire in crisis.

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”.

The efficiencies – identified through a co-operative process – come alongside Elon Musk’s effort to cut government spending.

Consulting firms offer concessions to head off Trump cuts

Three of the 10 large consultancies facing a Tuesday (AEDT) deadline to submit money-saving proposals offered a menu of options that could cut at least $24 billion.

Rio Tinto chairman Dominic Barton has battled Palliser’s calls for unification.

Norway’s sovereign wealth fund to vote against Rio Tinto unification

The huge fund intends to vote to keep Rio Tinto’s dual-listed structure, despite other shareholders supporting a bid to review it.

KKR’s ASX announcements were a maze of corrections last week.

KKR corrects a correction

It took KKR three tries to clear up the mess it made of its own ASX announcements.

James Hardie’s big bet on US giant Azek  is worrying investors.

James Hardie investors are seriously unhappy about the $14b Azek takeover

One of the building materials group’s long-term investors described the proposal as one of the worst large-cap corporate deals he’s come across.

ASIC chairman Joe Longo said the death benefits report revealed a “sad situation”.

Super funds delaying death payouts also charge the most fees

Analysis from a peak consumer group comes the same day as ASIC released a damning report that revealed the ‘sad situation’ for the families of dead members.

Warner Bros’ global CEO of streaming JB (Jean-Briac) Perette.

Netflix rival Max rolls out in Australia with bold profit prediction

Warner Bros Discovery international CEO JB Perrette says the streamer will have “millions” of Australian subscribers and turn a profit in two to three years.

Korea and Malaysia have invested about $14 billion in Santos’ GLNG export venture.

Korean giant strikes out at gas intervention

Kogas has questioned whether it can still rely on its contracts to buy Australian LNG, given mounting government intervention in the domestic gas market.

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Yesterday

Roslyn Van Welie says too much is out of an employer’s control to enforce strict new standards that super appears in staff accounts within a week of their salary.

This ‘nightmare’ superannuation reform has small businesses worried

Small businesses owed $1.8 billion in unpaid super in 2023, now reforms aimed to make sure it is paid on time has them on edge.

Healthscope CEO Tino La Spina will meet lenders on Tuesday to try and buy the hospital operator more time.

Hedge fund interest in Healthscope triggers break-up concerns

The country’s second-largest private hospital operator is negotiating with lenders to stave off insolvency in the middle of a federal election campaign.

Companies think asset sales and capital returns are a one-way ticket to share price riches. They are not.

The buy and sell cycle chewing up ASX companies and their investors

Companies get hoodwinked into thinking selling assets and returning capital via buybacks and dividends can make up for past sins. It doesn’t.

Supermarkets are bracing themselves for the ACCC pricing inquiry to land.

Woolworths slashes prices to close gap on Aldi

The under fire supermarkets are looking to show shoppers and politicians consumers are getting better deals at the checkout.

Simone and Matt Rennie of Rennie Advisory last year.

Pemba Capital-backed Rennie Advisory hits the acquisition trail

People briefed on the deliberations described the pool of money that the firm wanted to spend as in the “tens of millions” over at least two deals this year.

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