ASX Announcements
Market Sensitive
Second Quarter FY25 Business Update
Periodic Reports - Other, Notification of Results/Reporting Date
- Jan 30, 2025
- 7 pages
Yesterday
- Opinion
- Chanticleer
The grim truth facing Perpetual
Perpetual’s asset management arm is in outflow, and its rescue deal is all but dead. New CEO Bernard Reilly is running out of options.
- James Thomson
- Exclusive
- Activist investing
Former Perpetual fundie urges board to kill demerger for good
Former head of global equities Garry Laurence has bought up shares in the struggling firm and told the board to dismantle its funds management empire.
- Jonathan Shapiro
This Month
- Opinion
- Chanticleer
10 CEOs under the pump in 2025
Overextended stockmarket valuations equal heightened investor expectations. The market has these 10 chief executives in its sights.
- James Thomson
December 2024
- Opinion
- Governance
The good, the bad and the ugly of corporate Australia in 2024
Big deals, big names, big disasters. From AirTrunk to Woolies to our own Nine Entertainment, here are the biggest moments of the year.
- James Thomson
Grant Samuel delivers all but fatal blow to $2.2b Perpetual deal
The corporate advisory firm, assigned as an independent expert on the sale, said it was not in the best interest of investors.
- Lucas Baird
- Opinion
- BOSS
Drumstick Awards: The five biggest corporate stuff-ups of 2024
From miners to retailers to tech giants, corporate Australia put its foot in it again this year.
- James Thomson
- Opinion
- Chanticleer
PwC client Perpetual now the ATO’s crash test dummy
It would be funny if it weren’t for Perpetual’s succession of own goals that have already turned it into an Australian funds management laughing stock.
- Anthony Macdonald
Perpetual v ATO: $2.2b deal hangs in the balance
Though the tax office is risking $170 million-odd in the bag, it’s evidently seeking to set a precedent for future demergers.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Updated
- Mergers & acquisitions
Bleak prospects for Perpetual’s $2.2b KKR deal after tax bill blowout
The fund manager said it would have to pay up to $529 million to sell two lucrative divisions to the buyout giant, ruining the economics of the transaction.
- Updated
- Jonathan Shapiro
Perpetual’s ATO ruling expected imminently
Perpetual has been seeking relief from the ATO to allow it to reorganise the business.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Ex-Pendal chief Emilio Gonzalez to join Brisbane fundie
Street Talk can reveal Gonzalez will join the board of Brisbane-based Australian equities boutique DNR Capital from February 1.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Perpetual sues former wealth adviser who defected to Morgan Stanley
The wealth and funds management giant wants to stop Daniel Elias from contacting its clients, and says he is restrained from doing so until next year.
- Max Mason
Nine private wealth advisers defect from Perpetual
Street Talk understands nine advisers resigned from the 138-year-old investment group on Friday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November 2024
- Opinion
- Chanticleer
Why Perpetual wants to maintain Murdoch control at News Corp
News Corp shareholders have been asked to vote on whether the company’s dual-class share structure should be collapsed this week.
- Anthony Macdonald
Eleven stock tips from Sohn to get you through 2025
Presenting in Adelaide on Friday, top investors pitched their ideas for how to make big returns from the sharemarket over the next 12 months.
- Joshua Peach, Jonathan Shapiro and Daniel Arbon
October 2024
2024’s most powerful and influential directors revealed
As AGM season gathers pace, the BOSS index of the country’s most powerful and influential directors reveals a new cohort rising through the ranks.
- Patrick Durkin
- Opinion
- Governance
Perpetual board fails to show the slightest contrition for failures
There have been plenty of governance fails among ASX-listed companies. But the speed and scale of wealth destruction at Perpetual ranks it among the worst.
- Jonathan Shapiro
Perpetual investors deliver massive rebuke, 88pc vote against pay plan
The investment management giant has been hit with big outflows, but had proposed paying huge bonuses to retain key staff.
- Jonathan Shapiro
Perpetual dissident fails at AGM hurdle
There’s always one every year: an AGM that’s less about its resolutions than it is about the salvaging of grievances.
- Myriam Robin
New Perpetual CEO vows to take knife to costs
New boss Bernard Reilly agrees with shareholders who have recommended he cut costs as the firm prepares for life as a slimmed-down asset manager.
- Jonathan Shapiro