The lone rule to follow for falling (and rising) markets
There’s only one rule that billionaire investor Howard Marks says is worth following during market selldowns, and it holds true for rallies too.
Victoria Business
One for the fact check unit: ABC’s ‘human shield’ claims Williams wanted him to stay
David Anderson’s surprise resignation ends a tumultuous tenure in which the ABC weathered heavy attacks on its editorial standards, experienced an alarming radio ratings drop, and faced internal unrest over allegations of racism and sexual harassment.
Steel fears drive Japanese coal buy
Nippon Steel has flagged international concerns that rising royalty rates will deter investments in new Australian coal projects, as it buys up a 20 per cent stake in Whitehaven’s Blackwater.
BOQ boss finally tackles ‘elephant’ lurking in his branches
Patrick Allaway’s radical overhaul delivers another blow to the concept of branch banking. His move is not without risks.
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Liontown takeover at risk as Hancock maxes out its stake
The proposed $6.6bn takeover of Liontown Resources by Albemarle has almost certainly been stymied, with Gina Rinehart’s Hancock Prospecting moving to a 19.9 per cent stake.
Uranium mining restarts at Boss Energy’s Honeymoon mine
Boss Energy aims to produce the first uranium from its Honeymoon Mine in eastern South Australia after restarting in-situ mining.
$60m lottery business of ‘Lambo Guy’ under investigation
Known as ‘Lambo Guy’, Adrian Portelli is the famous multi-millionaire bidder on The Block. Now his lottery business is being investigated by two states, and he says he’s got nothing to hide.
Qantas turmoil now a factor for Virgin’s ASX listing
The aviation boom is starting to fade, leaving only a narrow window of opportunity for Virgin’s private equity owner to pull the trigger on a public float.
Telco complaints ease despite Optus breach worries
Complaints about Australia’s largest telcos eased in 2022-23, despite worries about last year’s Optus data breach and cost of living pressures.
Wall St says: Trust the Fed
The smartest guys in the Wall St room pondered long and deep and decided the Middle East ‘event’ over the weekend could only add to last Friday’s ‘good news’ jobs data.
Drilling for hydrogen kicks off
Drilling for naturally-occurring hydrogen has started on South Australia’s Yorke Peninsula in a first for the resources sector.
First strikes deliver the goods for shareholders – briefly
Buying shares in companies which cop a first strike vote against their remuneration report can deliver excess returns, Guerdon Associates says, but it’s not as simple as buy and hold.
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