This Month
Bellevue Gold flags takeover talk after bad hedges force $156m raise
The struggling West Australian gold miner has been forced into a dilutive fundraising to close out lowball forward hedging contracts.
Investors bet ‘AI fatigue’ is a temporary ailment
The biggest market darlings are suffering a humbling period as investors question whether the hype is all it is cracked up to be.
Inside the art collections of our investment banks
Bulge-bracket finance firms are defying global trends and investing in fine artwork. How do their Australian offices look?
ASX sinks; Obesity is costing a fortune; Trump has no cunning plan
Read everything that’s happened in the news so far today.
Star CEO’s $10m loan fee farce
The distressed Star Entertainment will pay up to $10 million to a US hedge fund for a debt facility that was never used, or signed-off on.
Woolworths’ chair turns remote work into another career
Scott Perkins is being touted as an exciting emerging photography talent.
Di Pilla turns picky amid Healthscope purchase
The banker’s multiverse contains many shareholders, waiting to hear more about his bid for Healthscope.
More shoppers say Coles (not Woolworths) is their main supermarket
A survey conducted for UBS clients suggests the smaller grocery retailer is increasingly central to consumers as higher living costs strain household budgets.
The stand-off that blew up Star’s super-sized debt deal
Nearly a month of exclusive negotiations to save the casino giant have failed – and now it is over to Plan B. The clock is ticking louder than ever.
UBS industrials analyst off to JPMorgan
Power frequently ranks among Peter Lee’s annual tally of analysts that are the most popular with clients.
March
Canada’s Dollarama makes $259m bid for The Reject Shop discount chain
The sale, with a big premium, is being supported by billionaire businessman Raphael Geminder, who has long been the variety retailer’s largest shareholder.
UBS blocks operative off to Morgan Stanley
Tom Tepaa will be taking on Barrenjoey, JPMorgan, Citi and Goldman Sachs, whose desks are frequently spotted around big-ticket block trades.
The ASX tipping point that most investors missed
It’s a brave call given the recent market sell-off, but the ASX’s ‘milestone’ moment represents a structural change.
Mystery shopper behind Bally’s’ Star interest reveals himself
Stockbroker Angus Aitken told clients he was the sherpa for Bally’s Soo Kim on his recent visit to Sydney.
Trump says he’ll buy a Tesla to support Musk after shares plunge
In a post just after midnight, Trump said he would buy a new Tesla “tomorrow morning” as a “show of confidence and support for Elon Musk, a truly great American”.
The hidden dangers of booming family offices
Private wealth management companies for the super-rich now manage trillions of dollars globally. Critics say they are open to abuse.
Steve McCann is changing Star Entertainment’s business plan mid-flight
The company’s decision to get out of Brisbane and focus on the Gold Coast and Sydney was driven by necessity, and a shift in its direction.
The pay gaps at Morgan Stanley, Barrenjoey, UBS
The gender pay gaps in the top tier of Australian finance are the largest in the country.
UBS promotes five Australian bankers to coveted top global tier
Last year, just two local staff were given the title of managing director. But the smooth integration of Credit Suisse helped build a case for an increase.
February
Consultants in the building at APA as cost-cutting begins
This column understands job cuts are among the items on its agenda with Boston Consulting Group well-placed to get the role.