ASIC should be split, says Senate report
A radical separation of ASIC would improve its flawed approach as the regulator has ‘comprehensively failed’ to clamp down on corporate wrongdoing, a Senate committee report says.
NSW Business
ASX 200 to lift after Wall Street records; Santos in focus
Middle East buyers circling Santos: Bloomberg. Oil, gold prices jump. Nasdaq, S&P hit records in shortened, mixed US session ahead of its Independence Day break. US Fed Reserve minutes signal no hurry on rate cuts.
How will Lang Walker’s $6bn empire be carved up?
The late tycoon left behind one of Australia’s biggest private companies and new documents reveal how his wife, children, and two trusted directors will share the property behemoth’s assets.
Fortescue hired Private Investigators to spy on ex-staff
Andrew Forrest’s Fortescue paid private investigators to follow former staff ahead of a battle of intellectual property, previously suppressed court documents show.
Qantas warned over executive bonuses
Qantas shareholders have delivered a stern warning to the board as it mulls over the payment of massive executive bonuses including to former CEO Alan Joyce.
Nuclear ‘must be an energy option’: power boss
Nuclear power shouldn’t be ruled out as part of Australia’s energy mix, says Richard Wrightson, given it could be produced at about the same cost as wind.
Super funds deliver but inflation heightens rates warning
Global interest rates should fall but won’t return to pre-Covid levels because inflation would continue to be ‘sticky’, says AustralianSuper’s Mark Delaney.
Booktopia in administration with urgent sale sought
Booktopia has collapsed into administration less than four years after listing on the ASX with an urgent assessment of the business now under way.
How to avoid a credit card debt spiral as Aussie budgets buckle
Wealth-sucking, high-interest debt on credit cards fell for 12 straight years until late 2023, and now households need help.
The top ASX resources winners for June
These ASX-listed resources companies had a very decent June. All 50 of them.
Three ASX firms driving decarbonisation
Several ASX companies are focused on reducing CO2 emissions through their technologies and products. Here are just a few.
FMR refreshes itself into an exploration junior
Backdoor-listed onto the ASX, former software stock Applyflow has made way for Canadian copper explorer FMR Resources.
Hot advice: Danger of online product reviews
Want a good electric blanket or other household item? Scott Pape says in an age of fake reviews, there’s one key place to check.
Barefoot says diamonds are a rough decision for today’s buyers
Barefoot Investor Scott Pape says diamond rings are decades-long marketing con job, as much cheaper lab-grown stones emerge.
The common smartphone app that’s ripping you off
Barefoot Investor Scott Pape says consumers are being overcharged by technology when they pay for things.
Time to stop passing the buck
Treasurer Jim Chalmers needs to take a close look in the mirror to see the real reason Aussies are doing it tough.
The evil of inflation deepens
A nasty new edge to the pain of inflation has emerged in recent years, widening the gap between the haves and the have nots.
State budgets: ugly to ultra-ugly
Queenslanders should take the money and run – straight to the ballot box in October, to throw out the incumbent Miles-Dick government.
Small Business
Bargain hunters turn out for early sales
The ABS has released its latest data on retail trade and building approvals, and the numbers show a boost for the Aussie economy.
Aussie shares leap higher in rebound rally
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
Last drinks for ‘world’s toughest pub’
An Aussie pub that holds the world record for the most stabbings in one night is getting ready to pour its last drinks after it was listed for sale.
Money
How to avoid a credit card debt spiral as Aussie budgets buckle
Wealth-sucking, high-interest debt on credit cards fell for 12 straight years until late 2023, and now households need help.
Experts tip investment winners for year ahead
The standout performers of 2023-24 were celebrated, but a new financial year brings fresh hope for different types of assets.
Six secrets for a happy new financial year
Will 2024-25 put you on a fresh path to riches? Here are some strategies that have made many money winners for decades.
More Business
Consulting firm Synechron snaps up two major tech outfits
Synechron continues its acquisition spree in Australia, buying two related tech firms with about 200 staff, adding to its iGreendata purchase earlier this year.
Catsoulis’s Impact Gold facing winding up application
David Catsoulis’s PNG-focused Impact Gold is facing a winding up application, while his fellow company Warwick Gold is in liquidation.
Analyst calls buying opportunity as Immutep shares tank
Investors have misread the latest Immutep trial results, smashing the stock price and creating an ‘obvious buying opportunity’, analysts say.
Private credit a path to diversity, returns
Private credit – a burgeoning form of investment – offers myriad advantages to those chasing asset diversification and healthy returns, writes Tim Boreham.
Analysts speculate on payoff for Premier holders
Analysts like what they see in a merger of Myer and Premier’s Apparel Brands, and some are already speculating on how many Myer shares Premier shareholders will receive.
Question mark over prime Sydney site after historic club folds
The Kirribilli Club – an ex-service club with some of the best harbourside views in Sydney – has been shuttered, with the future of the site now in question.
Whyalla to restart steelmaking after blast furnace breakthrough
The Whyalla steelworks should recommence normal steelmaking soon after its damaged blast furnace hit a key milestone on the road to recovery.
Healius downgrades profit outlook again
Healius has downgraded its profit outlook for a second time, with this year’s result now more than a third lower than expected in November.
Wirth plays to her strengths with Apparel Brands bid
Olivia Wirth is looking to make her mark in the top role at Myer and has wasted no time in scoping out a path to higher earnings through loyalty, margins, and sheer heft.
All staff sacked in monster $23m collapse
The debts of a collapsed group of businesses have blown out to almost $23 million, while other subsidiaries have quietly gone under in recent weeks.
Myer’s radical plan is all about Solomon Lew
The billionaire retailer is calling all the shots in Oliva Wirth’s audacious bid for the department store to get bigger.
Myer bid provides headroom for loyalty scheme to grow
Myer’s bid to merge with Solomon Lew’s clothing operations would create Australia’s largest retail tenant and presents new CEO Olivia Wirth with a huge opportunity.
China versus India: where share investors should focus
The stock market popularity contest between the world’s most populous nations has one clear winner, but the future is clouded.
Australia must make case for global funds: Citi boss
Citi CEO Mark Woodruff is talking up Australia on the global funds stage with hundreds of billions needed for energy, minerals and housing development.
Victoria’s gas crisis a decade in the making
Millions of dollars have been spent exploring what is thought to be a gas-rich region, with little to show but frustration. Victoria needs to encourage new exploration instead of clinging to El Dorado.
Original URL: https://www.dailytelegraph.com.au/business/nsw-business