Today
Citi energy and utilities research lead snares corporate gig
Street Talk understands Byrne has signed on with Singapore-based Atlantic, Gulf and Pacific (AG&P) LNG.
PEP dealmaker throws weight behind shareholder transparency start-up
Complete shareholder registers have historically been the purview of internal investor relations departments.
Crescent Capital kicks off buyer search for outsourcing player Emapta
Greenhill has hit the ground running, marketing the business to private equity and strategic types with more than $US20 million in earnings.
What to expect from ANZ’s new chief executive Nuno Matos
If the new ANZ boss’ execution mandate turns into executioner, investors will not mind. The first 100 days will be telling.
Yesterday
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.
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.
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.
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.
UBS industrials analyst off to JPMorgan
Power frequently ranks among Peter Lee’s annual tally of analysts that are the most popular with clients.
KKR corrects a correction
It took KKR three tries to clear up the mess it made of its own ASX announcements.
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.
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.
March
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.
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.
Next Capital warms up investors for SilverChef continuation fund
Limited partner sources said Next Capital had outlined a strategy to grow organically into the United States, pointing to its recent acquisition of a SilverChef-lookalike business in Canada.
RBA, ASIC say they are ‘increasingly concerned’ about ASX
The regulators said the market operator was not complying with risk mitigation standards after an outage in December left investors unable to settle trades.
Anacacia’s Force Fire sale to underpin final close for Core Fund IV
Street Talk understands the Sydney-based Anacacia plans to cap the new fund, dubbed Core Private Equity Fund IV, at around $200 million.
RBNZ to review capital requirements amid political pressure
The central bank will conduct an assessment of key settings and engage independent international experts after the unexpected resignation of its governor.
Goldman, Forsyth Barr launch Tower Limited block trade
Sources said shares were priced at $NZ1.30 per share – or a 12.5 per cent discount to the last trade price.
Insignia cops the biggest losses as retirement savers move to rivals
Some $74 billion in superannuation switched providers last year, new research shows, much of it headed to industry funds and self-managed wealth platforms.
How super funds treat your money when you die is shameful
What we have is a returns-focused industry that makes it very easy to put money in, but much harder for your next of kin to get it out.
ASIC reads big super the riot act on death insurance, savings payouts
A review of how funds process insurance and savings payments to the families of dead members found excessive delays and serious customer service failings.
Executive changes disrupt big banks as BoQ sounds out CEO candidates
The musical chairs have started one rung down from the big banks’ top jobs, and everyone is looking for new hires. When will the music stop?