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.
Chris’s EV ute dream is over
Chris Bowen’s EV pipe dream is quickly fading, and he’s curiously pointing the finger at his own government’s “poor policies”.
Medibank misses policy growth target in challenging year
The ASX-listed insurer says Australia lags global peers in the ‘health transition’ away from acute care, as it delivered a profit in line with expectations.
Why Perpetual’s new boss faces the ultimate test
The incoming Perpetual chief executive has form in bringing big lumbering organisations together. Can he also pull them apart?
Critical rare earths refinery hangs in the balance
Iluka Resources has warned its $1.8bn Eneabba mineral sands refinery, which it says is critical to national security, needs more government support to get over the line.
Pathology not viable without more government help, Healius says
The amount pathology companies are paid for common tests by the federal government are not sufficient to maintain a ‘sustainable and viable sector’, Healius says.
The under the radar companies making serious money
They may not be the biggest names on the ASX but companies like ARB, that was founded by a band of brothers in Melbourne’s suburbs, are seriously delivering for investors.
Cashed-up Yancoal on hunt for met coal deal
Yancoal is building a war chest for any coal deals which present themselves, but its shares plunged 20 per cent after the dividend tap was turned off.
Wall St searches for rate clue
The eyes of the world’s volatile financial markets will be on the Rocky Mountains resort of Jackson Hole on Friday. Here’s why.
Family office manager EWM Group expands into Adelaide
Private credit remains a key part of the family office toolkit, despite some red flags in the sector, as long as you do it right, EWM Group managing director Brad Scott says.
As new Suncorp rises, CEO plans to seize the moment
Steve Johnston has a once-in-a-generation chance to rebuild his insurer from the ground up. He just needs to bring investors along.
Cheap China steel, energy costs heap pressure on BlueScope
Ensuring the survival of Australia’s steelmaking capacity will require ongoing co-operation from all levels of government, BlueScope boss Mark Vassella has warned.
Casino regulator buries Bell probe into Star as doubts raised
Documents submitted to the Bell inquiry raise new questions over just how committed the NSW casino regulator had been in its part around Star’s reform efforts.
Share tips: the impact of our rising unemployment
An unloved ASX-listed company is struggling as the jobless rate hits its highest level in years, but the bad news appears priced in.
‘Have we bred a monster?’ The real cost of private education
Barefoot Investor tells a couple who spent $40,000 a year on school fees that it’s now time they focus on their retirement savings, rather than paying for their daughter’s uni experience.
Bonuses back as ASX acts like nothing has happened
ASX’s chairman got $550,000, its now CEO got $3.8m and others such as the chief risk and finance officers were paid as though the unfolding train wreck is nothing more than a technical glitch.
Telstra CEO has a chance to set the telco up for decades
Vicki Brady is working up a new plan to prepare the telco for the heavy spending required to meet the massive data wave that’s coming.
Jobs slashed at Whyalla steelworks amid tough times for sector
GFG Alliance has cut about 50 jobs at its embattled Whyalla steelworks as rumours mount of late payments from Sanjeev Gupta’s global conglomerate.
Cochlear talks up huge pipeline as shares slump on outlook miss
Digital savvy seniors and an expanding body of research on the benefits of hearing to cognition underpin Cochlear’s huge long term growth trajectory, chief executive Dig Howitt says.
ASX chairman must go after trust failure
It never sat well that long time director and now chair Damian Roche was overseeing the ASX boardroom rebuild. Now there are no excuses.
TV culture ‘needs to change’: Seven’s Stokes
Seven Group boss Ryan Stokes says inappropriate behaviour won’t be tolerated across his television network or any of the industrial businesses he operates.
CBA delivers again, for investors and customers
CBA continues to show its strength as one of the world’s most profitable banks, with shareholders and customers sharing the spoils.
July’s record-breakers: why several Aussie stocks have hit new highs
JB Hi-Fi, the Commonwealth Bank and Wesfarmers are among several stocks to reach fresh records this month. See the list.
On the hook: How couple’s $11,400 ‘profit’ really a scam
An Aussie couple think they’ve made ‘$11,400 profit’ trading online but Barefoot has bad news – they’ve been hooked by scammers chasing their prized superannuation.
Four bids for Star casino jackpot
Interested international parties were circling in recent weeks, with one US player taking a serious look, but a billionaire holds all the cards on the casino’s future.
Fashion identities launch $1m rescue plan for clothing firm
Two fashion identities are looking to raise $1m from investors to save 70-year-old Silver Fleece, which produces woollen clothing including the Australian cricket team’s vests.
What’s next for ‘Magnificent Seven’?
The ‘Magnificent Seven’ super-stocks have surged on the back of the AI frenzy, but what’s next for America’s tech giants?
Indian drug giant challenges Mayne Pharma patents
One of the largest generic drug makers in the world is challenging a suite of Mayne Pharma’s women’s health patents, with the battle now headed to court.
Why Macquarie doesn’t want to be just another Goldman Sachs
Wall Street rivals have been delivering bumper quarterly results, where Macquarie has not. But CEO Shemara Wikramanayake is eyeing a bigger prize.
Gas imports to ease the energy crisis could arrive sooner
The hand-picked boss of billionaire Andrew Forrest’s Squadron Energy will have his work cut out bringing down energy prices.
Toll road boss must map new route to grow
Transurban’s Michelle Jablko has given an insight into how she expects to manage the toll road giant as it has started to find limits to its growth in the local market.
Key FDA milestone fires up Mesoblast
Mesoblast shares rally after a key FDA milestone was ticked off, and investors who piled into last year’s capital raise are laughing.
Rio boasts, but what about the planet?
Rio Tinto has been talking up the 4 billion tonnes of iron ore it’s shipped to China, but has the miner forgotten about its commitment to saving the planet?
Woodside’s big bet on Trump energy trade
There’s good reason why Woodside boss Meg O’Neill is in a hurry to get her planned $1.8bn buyout of a cash-strapped US gas hopeful away.
Beston courting proposals on core dairy business
The beleaguered company has offloaded its meat division and is now courting proposals relating to its core dairy business in a bid to stay viable.
Craft beer and spirits maker Mighty Craft collapses
Listed craft brewer Mighty Craft has called in administrators after a hoped-for merger with Better Beer failed to eventuate.
Women take the reins on investing
Investment in the share market is no longer dominated by men, especially for people aged under 40, the ASX says.
‘Couldn’t fight the boys’ club’: New leadership turmoil at Country Road
Country Road managing director Elle Roseby has made a shock exit from the scandal-plagued retailer with company insiders saying she was pushed out by a toxic “boys club” culture.
Trump 2.0 will unleash the primal forces that drive Wall Street
There’s a new Donald Trump running for the White House and his RNC speech contained some powerful messages for Australian businesses.
Why the Aussie dollar still has room to grow
The Australian dollar’s recent strength is tipped to continue, but there are some headwinds to overcome first, economists say.
‘My mother is sending money to a young lover’
When your mother is in debt and nearly homeless after sending large amounts of money to an overseas holiday fling, what should you do? Barefoot has some advice.
Andrew Forrest’s credibility hit by green hydrogen collapse
The Fortescue founder made his vast fortune by snubbing the doubters and repeatedly made bigger and bolder promises on his green revolution. So the cost of failure is more than financial.
Hike on hold as labour market teeters
The RBA’s next move appears all but certain, but the latest jobless data shows how keeping a lid on both inflation and layoffs remains a delicate balancing act.
Lucky country turns very stupid
The CFMEU crisis is the latest in a long line of Labor failings that has left ordinary Australians short-changed.
Robur Tea House development gets heritage green light
A revamped design will keep key elements of the historic complex and open the door for another top global hotelier to make its way to Melbourne.
Rio’s messy dip into Guinea ore
Rio’s decision to build another iron ore mine in Guinea – to compete directly with its mines in the Pilbara – is shaping up as another risky move.
Qenos’ Melbourne plant ‘closed by September’
After more than 60 years of operations, Qenos’ Melbourne manufacturing plant is likely to be closed by the end of September.
Original URL: https://www.couriermail.com.au/business/victoria-business/page/3