February
Carmakers turn to new hybrid and petrol models amid EV lag
General Motors, Porsche, BMW and Mercedes-Benz have pledged over the past few weeks to invest in new or upgraded internal combustion engine and hybrid models.
Activist Sandon says Magellan redemption fears ‘overblown’
Sandon Capital shrugs off concerns about outflow risks at Magellan from the departure of long-time infrastructure portfolio manager Gerald Stack.
December 2024
Barrenjoey tells staff to expect revenue bump as rivals circle
At least two rival investment banks said that they had recently held discussions with some of the local investment advisory and markets firm’s employees.
October 2024
Buyout firm Next Capital hires former Potentia dealmaker
After almost four years at the Tim Reed and Andy Gray-led Potentia, Ong left around the same time partner Andrew Joyce took his leave.
Reducing investment banker burnout is proving unrealistic
Moves to cap weekly hours for entry-level bankers butt against the reality of a competitive industry.
September 2024
Investment banks slash China growth forecasts as confidence wanes
Analysts are increasingly sceptical that Beijing will reach its 5 per cent economic growth target for 2024.
August 2024
Why CEOs working from home may be the new trend
Starbucks’ new boss Brian Niccol has decided to base himself in California rather than headquarters, dividing opinion among workplace experts.
July 2024
Rich Chinese investors join $1b hunt for Aussie VC funds
A fund manager for rich Chinese investors is trying to raise $100m for venture capital investments, joining a crowd of operators trying to raise over $1 billion.
Biden exit leaves markets asking what’s next for ‘Trump trade’
There is little historical data to use for a read on how markets will react. The last sitting president who did not seek a second term was Lyndon Johnson in 1968.
June 2024
How this Australian banker thrived on Wall Street for 30 years
Queenslander Paul Compton, who started a job at Jamie Dimon’s JP Morgan in 2007, knows that the industry can be a rough ride.
A very British paper is forced to cover a scandal: its own
The discovery of $500 million missing from The Telegraph newspaper marks the end of the owners’ two decades of influence over British politics.
Britain’s arts sector learns the cost of being too pure for finance
A bank and asset manager have withdrawn their sponsorship of music and book festivals in the UK after activists called for boycotts.
Global investors pull $60b from ESG funds
Sustainably focused equity funds suffered major cash outflows globally in 2024 because of poor performance and scandals, the first sustained exodus.
May 2024
Smart heads bet BHP’s Anglo American bid gets over finish line
The ball’s in Anglo American’s court, with BHP all but telling its target to “name your price, and we will see if we can match it”.
Barrenjoey up $21m and counting on Star
Wonders never cease at Star Entertainment. Still, at least someone is making money.
France’s cognac exports to China could be hit like Australian wine
China opened an anti-dumping investigation into brandy imported from the EU in January, sparking fears cognac could suffer a similar blow to that taken by Australian wine.
‘Twenty-five times salary’: Goldman scraps bonus cap for bankers
Goldman will allow star traders and deal makers to earn up to 25 times their salary. The bank is trying to make London more attractive to top bankers after Brexit.
April 2024
BHP has UBS, Barclays in corner as it eyes mega Anglo American deal
Sources close to discussions said negotiations were at an early stage and other miners were interested in the London-based producer of platinum and copper.
Chipmaker resumes production as Taiwan begins quake recovery
TSMC, the leading producer of advanced chips for Apple and Nvidia, has restarted operations, less than 24 hours after evacuating staff and halting work.
March 2024
Blowout Reddit debut raises hopes of revival in dormant IPO market
A steady, sustained rise in activity would breathe life into the market for initial public offerings, which has been largely shut down since 2021.