This Month
JPMorgan leads ECM league table for first time in decades; Goldies sweeps M&A
While flashy M&A draws the eyeballs, 2024 has been a remarkable year for equity desks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
London Stock Exchange suffers biggest exodus since financial crisis
The main market is set for the fewest listings in 15 years, as the allure of New York grows despite planned UK reforms.
- Rafe Uddin, Marianna Giusti and Ian Smith
Hospitality entrepreneur backs ex-BofA operative to hang out his shingle
Alex Pikoulas is busy establishing his own wealth management shop backed by Anthony Sullivan of Quantaco.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Foxtel’s UK suitor calls in Bank of America for advice
The group, backed by billionaire Len Blavatnik, is understood to be working with BofA’s telecommunications and media team.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November
Inflation holds at 2.1pc; Biden confirms ceasefire; 15 ASX tech stars
Read everything that’s happened in the news so far today.
SingPost schedules board meeting to anoint FMH winner; eyes on PEP
Sydney private equity firm Pacific Equity Partners is believed to be in pole position; however, the team has not yet secured exclusivity, according to sources with knowledge of the sale.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Advertisers set to return to X as they seek favour with Musk and Trump
Media executives said brands were preparing to advertise on X again, as its billionaire owner was likely to gain influence in the White House.
- Hannah Murphy, Daniel Thomas and Eric Platt
- Opinion
- Chanticleer
The day tough-talking investors flipped on a dime
Many fund managers changed their tune dramatically last week. This survey captured it.
- Anthony Macdonald
British oil and gas giant BP shops 51pc stake in Aussie renewables
Sources said selling a majority stake in the portfolio would help BP kick 100 per cent of the debt (not just 49 per cent) off its balance sheet.
- Sarah Thompson, Kanika Sood and Emma Rapaport
October
Billionaires behaving badly | Wall Street royalty | Why offices should be like hotels
This week, James and Anthony dive into the drama surrounding two billionaire founders, interview Wall Street royalty, and poke about in some of Sydney’s primo office real estate.
- Opinion
- Chanticleer
Bank of America CEO Brian Moynihan is calling a new markets era
While rate predictions are cheap, Bank of America boss Brian Moynihan is worth paying attention to. He talks us through the cycle.
- Anthony Macdonald
Melbourne sponsor BGH Capital bankers up for $1b Singapore Post sale
The decision to hire Jefferies is a clear indication that BGH Capital poses stiff competition to the $US1 trillion-plus private capital juggernaut Blackstone.
- Sarah Thompson, Kanika Sood and Emma Rapaport
What, me worry? Labor’s debit card surcharge ban and the $500m IPO
Second-time-lucky ASX aspirant Cuscal has found itself in the midst of sector-wide upheaval as the Albanese government hones in on debit card surcharges.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Reducing investment banker burnout is proving unrealistic
Moves to cap weekly hours for entry-level bankers butt against the reality of a competitive industry.
- Joshua Franklin, Suzi Ring and Ortenca Aliaj
BofA has snagged a big-name bidder for SingPost’s Aus assets
The portfolio, which is referred to as FMH Group, is expected to be worth as much as $1 billion, sources said.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- World markets
China’s stock rally for the ages shows power of crowds
It could take months until we know the real economic impact of Beijing’s latest stimulus round. But markets are not hanging around to find out.
- Katie Martin
September
Australia’s most powerful deal makers in 2024
If investors step up and hit the bid on those valuations, the market will see real momentum. If not, it will be the same painful conversation about dry powder next year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Dutch bank ING to ditch climate laggards as clients
ING’s stance is in sharp contrast to many other financial institutions, especially in the US where banks such as Bank of America have loosened some climate targets.
- Attracta Mooney
- Opinion
- Mining
Labor’s derailing the mining engine of Australia’s economic growth
The McPhillamys gold mine cancellation highlights the disconnect between the government’s agenda and the real world confronting the Australian resources sector.
- Patrick Gibbons
Australia just had its hottest M&A week (and it’s only September)
Nearly $24 billion worth of Aussie M&A deals were announced between Monday and Thursday evening – the highest since Newmont’s $24.4 billion bid for Newcrest last year.
- Sarah Thompson, Kanika Sood and Emma Rapaport