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Suncorp-Metway

June 2024

Weighty issue: Jim Chalmers must find the deal is in the national interest, with the advice from Treasury and APRA.

Finance sector union not opposed to ANZ’s $4.9b Suncorp bank buy

The federal treasurer, a Queenslander with close ties to the state government, has been considering the takeover of the Brisbane-based bank since April.

  • Updated
  • Lucas Baird and John Kehoe

February 2024

ANZ/Suncorp deal ‘not good for competition or consumers’: Bendigo

The Australian Competition Tribunal will on Tuesday deliver its verdict on the $4.9 billion takeover, with the deal hanging in limbo for close to two years.

  • Lucas Baird

January 2024

Remote work has gone hand in hand with the need for stronger interpersonal skills.

More jobs demand interpersonal skills, survey reveals

Demand for interpersonal skills has surged as work-from-home jobs become more prevalent, analysis of 12 million job ads between 2015 and 2022 has revealed.

  • Julie Hare

November 2023

Bendigo said it could make a “compelling” offer for Suncorp Bank that would be value accretive to both sets of shareholders.

Bendigo says it can make ‘compelling’ offer for Suncorp Bank

The Australian Competition Tribunal’s hearing, starting on Monday, will reconsider the ACCC’s rejection of ANZ’s takeover of Suncorp Bank.

  • James Eyers

August 2023

The ACCC said the ANZ/Suncorp deal could lead to reduced competition in home loans, and agribusiness and business banking in Queensland.

ANZ launches Suncorp merger appeal

ANZ said it expects its $4.9 billion acquisition of Suncorp’s banking arm to be completed by the middle of next year after it formally lodged an appeal.

  • Lucas Baird
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January 2023

An excavator works at a home badly damaged by flooding and landslides in Auckland.

New Zealand counts cost of Auckland floods, more rain forecast

Economists say the recovery and rebuild may add to inflationary pressures in New Zealand as cars and household goods need to be replaced and construction increased.

  • Lucy Craymer

Why bankers and lawyers will be watching Chalmers’ ANZ-Suncorp call

One of the big decisions Treasurer Jim Chalmers faces is ANZ’s proposed $4.9 billion takeover of Suncorp’s banking arm as it seeks to expand in Queensland.

  • John Kehoe

September 2022

ANZ’s transformation includes retail growth via Suncorp and a flexible technology.

The two obvious signs ANZ bank is ‘renovating’

ANZ chairman Paul O’Sullivan sees a new period of change looming with ANZ Plus technology platform and the $5 billion acquisition of Suncorp playing a part.

  • James Thomson

August 2022

Reserve Bank governor Philip Lowe has good reason to be wary of predicting future interest rate movements.

The good news from profit season’s twilight zone

Interest rates and higher prices do not appear to be hurting the consumer at this stage – and therein lies the rub.

  • Updated
  • James Thomson

What a triple La Niña this summer may cost (in four maps and a graph)

More floods could hit already-devastated communities this summer as the Bureau of Meteorology warns a rare, triple La Niña may be on the cards. Is it time for people to move?

  • Campbell Kwan, Les Hewitt and Ingrid Fuary-Wagner

July 2022

Suncorp chair Christine McLoughlin and ANZ chair Paul O’Sullivan sell the benefits of the deal.

Why ANZ needs the Suncorp deal

There will be plenty of execution challenges in the $4.9 billion deal in a tough new era for the economy and the banking and financial services industries.

  • Jennifer Hewett

December 2021

Andy Taylor, founder and CEO of Douugh says average staff are demanding sky-high wages.

Start-ups battle big business as tech skills shortage threatens growth

Australia’s tech start-ups fear competition from big companies for scarce tech talent will stunt their potential, as mediocre local talent demands sky-high pay.

  • Paul Smith

June 2021

The High Court has knocked back an appeal by the insurance sector over potential COVID-19 business interruption payments.

High Court knocks back insurers over pandemic payments

The High Court move has spurred law firms to launch class actions to resolve the drawn-out saga. 

  • Michael Roddan and Liam Walsh

November 2020

Sun Metals already has a solar farm to help power its zinc refinery, near Townsville, North Queensland.

Queensland’s biggest zinc refinery aims for 100pc clean energy

Sun Metals has made a landmark commitment to power its entire operations with renewable electricity by 2040, the first major refinery in the world to do so.

  • Paul Smith

July 2020

Martin Place is a ghost town in Sydney's CBD.

Companies cautious on office return

Big companies are adopting a wait-and-see approach to returning to the office as the coronavirus second wave ramps up.

  • Mark Ludlow, James Frost and Liam Walsh
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May 2020

Bendigo & Adelaide Bank has withdrawn its guidance after a material change in business conditions.

Bendigo Bank saves $148m for COVID losses

Bendigo and Adelaide Bank has made allowances for an additional $148.3 million in credit losses flowing from the coronavirus and efforts to contain it.

  • James Frost

March 2020

Serko is dual-listed on the ASX and NZSX and has pulled its guidance just three weeks after saying it would likely lift revenues by a little over 20 per cent for the year end March 31.

Travel software group Serko pulls guidance

The speed of the downturn is underlined by the dual-listed group scrapping guidance just three weeks after saying it would lift revenues by more than 20 per cent.

  • Simon Evans

February 2020

Suncorp CEO Steve Johnston increased provisions for natural disasters last year.

Suncorp hoards $300m windfall as reinsurance leverage

CEO Steve Johnston has issued an impassioned plea for the government to act on climate risk, as it reported a weaker-than-expected half-year result.

  • Updated
  • James Fernyhough

January 2020

IAG estimates the bushfires have so far cost it $160 million, bringing its total natural perils bill for the financial year to $400 million.

Bushfires see IAG blow natural perils allowance

Insurer IAG is on track to blow its natural perils allowance for the second year in a row due to the catastrophic bushfires.

  • James Fernyhough

September 2017

Chief executive of corporate education technology company Croomo Schalk Pienaar says training will become embedded into all devices.

Ten-year-old edtech company Croomo raises $2 million as it finds its stride

Edtech company Croomo already generates millions in revenue and has customers like BHP, but it just raised $2m to double its workforce.

  • Updated
  • Yolanda Redrup

Original URL: https://www.afr.com/company/sbk-1hc