Latest
Bain Capital matches $2.9b Insignia bid in private equity shootout
The firm also signalled that it is open to allowing Insignia shareholders to retain some of their stake.
- Lucas Baird
After banking $4b in 2024, dealmakers expect a bumper year
Some of the country’s top dealmakers say a more certain outlook will finally dislodge transactions that have been stuck, paving the way for higher fees.
- Updated
- Emma Rapaport
Alinta Energy taps investment banks as HK tycoon owner weighs options
Street Talk understands Hong Kong’s Chow Tai Fook has mandated investment banks UBS and RBC Capital Markets for advice ahead of a major renewables push.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Pacific Equity Partners eyes closure at Equiniti fumble
As things currently stand, PEP’s Fund IV is hopeful of a $316 million payout, or 0.44- times the original investment.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Executive shake-up
BoQ’s business banking boss quits in blow to turnaround efforts
Chris Screen had worked at National Australia Bank and Westpac before joining the Queensland lender in 2019. The bank had planned to grow his division this year.
- Lucas Baird
The post-Barty generation of Australian players has arrived
Maya Joint, 18, is ready to lead a new and exciting crop of young Australian female players including Emerson Jones ahead of her Melbourne Park debut.
- Gus McCubbing
Opinion & Analysis
How Magellan plans to make money, without two super-hot stocks
Hamish Douglass is gone – along with plenty of clients – but the global equities team marches on with the same search for quality compounders.
Columnist
Bumpy Trump era can be boom years for Australia, investors
Australian boardrooms can’t know what his second presidency holds, but they need to be ready to seize opportunities. Change is coming.
Columnist
There can only be one winner in the ASX’s big tussle for 2025
Shares in Australia’s big banks are easily outrunning the ASX’s big miners. It will switch, it always does.
Columnist
Were the good old days really that good?
Readers’ letters on “old-fashioned Australian values”, the erosion of democracy, gas as a transition fuel, ExxonMobil’s hypocrisy, the Congo’s riches, four-year terms, and nuclear power.
Contributor
Companies in the News
The Star Entertainment Group
ASX Limited
Magellan Financial Group
Macquarie Group
Updated: Jan 13, 2025 – 11.49am. Data is 20 mins delayed.
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Featured
The top six business trends for 2025
Here are six themes we expect to make news in 2025, from professional services to crypto and artificial intelligence across offices, boardrooms and suburbs.
- John Davidson, James Eyers, Edmund Tadros, Sally Patten, Euan Black and Nick Lenaghan
- Investigation
- Healthcare
Diagnosed in 10 minutes. Inside Australia’s ADHD industrial complex
Prescriptions for ADHD drugs have doubled in the past four years and private clinics are cashing in. Doctors fear profits are taking priority over patient care.
- Michael Smith
Are you guilty of using this year’s most awful jargon?
Here’s the past 12 months in words and phrases that professionals love to use, and what they’re really saying. We hope to never see any of them again.
- Updated
- Edmund Tadros
Yesterday
Asset managers see opportunities in APRA’s bank hybrid ban
Investors will have to find somewhere to park $43 billion in capital after the prudential regulator decided to phrase them out. Some firms see their chance.
- Lucas Baird
Coal price slumps to three-year low as super-cycle fades
The commodity is now selling for 23 per cent less than it was only five months ago as a surge in global supply meets a warmer-than-usual northern summer.
- Elouise Fowler and Peter Ker
Laser Clinics to flash silky-smooth legs at bidders; KKR hires adviser
KKR’s Laser Clinics has fielded unsolicited interest from global PE players, prompting local PE boss David Lang to consider strategic options in 2025.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Tennis Australia raises almost $50m for sports and entertainment fund
Backers of its AO Ventures vehicle include major investors such as John Wylie and Caledonia’s Mark Nelson, along with Tesla chairwoman Robyn Denholm.
- Ayesha de Kretser
Bain Capital set to match CC Capital at Insignia
Bain Capital, which bought out Virgin Australia in the depths of the COVID-19 pandemic and swept Estia Health off the ASX in 2023, is eager to take the fight to CC Capital.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
How Magellan plans to make money, without two super-hot stocks
Hamish Douglass is gone – along with plenty of clients – but the global equities team marches on with the same search for quality compounders.
- Anthony Macdonald
- Exclusive
- Legal profession
Dentons sought to bury bullying claim, email shows
An internal email shows the firm sought to protect a senior partner and avoid damaging its local expansion plans.
- Maxim Shanahan
This Month
FX proves the secret ingredient at Magic Millions sales
The hit to discretionary spending has led to caution at the lower end this year but foreign “whales” with currency buying power have pushed sales to new records.
- Michelle Bowes
Gladstone industrial action threatens LNG exports
Any disruption to shipments from the Queensland port could temporarily boost gas supplies for the domestic market just as the ACCC is warning of potential shortages in the southern states.
- Angela Macdonald-Smith
LA fires stoke insurer unease as claims bill mounts
Barrenjoey’s Andrew Adams says the wildfires highlight the growing unpredictability of weather patterns and the increasing severity of events.
- Emma Rapaport
Tennis braces for first Alcaraz-Sinner showdown at Open
Carlos Alcaraz and Jannik Sinner have never played in a Grand Slam final despite collecting six out of the last nine major titles. That might be about to change.
- Gus McCubbing
- Updated
- Casinos
Star has six weeks to find financing as NSW, Queensland rule out help
The company, which operates casinos in Sydney, Brisbane and the Gold Coast, has been burning through cash faster than the market expected as gamblers stay away.
- Amelia McGuire and Anthony McDonald
Bain sweats on FIRB approval before naming new Virgin CEO
The airline’s private equity owners are hoping to avoid a political stoush before an election, with the favoured candidate opposed by powerful unions.
- Ayesha de Kretser
- Exclusive
- Australian Open
‘Our competition is the couch’: Why Tiley is serious about pickleball
Pickleball is not a rival to tennis but instead is helping promote racket sports collectively to young people, says Australian Open boss Craig Tiley.
- Gus McCubbing
- Opinion
- Chanticleer
Bumpy Trump era can be boom years for Australia, investors
Australian boardrooms can’t know what his second presidency holds, but they need to be ready to seize opportunities. Change is coming.
- Anthony Macdonald
Crown sells London’s high-end Aspinall’s to Las Vegas giant Wynn
The Blackstone-owned casino operator has been overhauling its portfolio, last year selling its stake in Japanese restaurant chain Nobu in a $180 million deal.
- Zoe Samios
The scientist-turned-banker’s mission to fund cancer breakthrough
Alan Taylor has swapped his early years on the sports field and a stint as an investment banker for the boardroom, in his quest to get medical breakthroughs to patients.
- Michael Smith
LA fires: US insurers brace for losses of up to $32b
JPMorgan analysts on Friday doubled their expectations for insured losses from a day earlier, citing limited progress on containment and the spread to neighbouring areas.
- Lee Harris
Djokovic says he was ‘poisoned’ during 2022 Melbourne detention
“I was fed with some food that poisoned me,” said the Serbian 24-times major winner, who is known to monitor his diet strictly.
- Reuters
Gas price warning as winter shortages loom for Victoria
ACCC’s warnings that consumers face higher prices as the southern states start to rely on imports have been rejected by the country’s leading LNG importer.
- Angela Macdonald-Smith