CBA’s Comyn moves succession pieces around the board
There are two big messages coming out of the management reshuffle at the nation’s biggest bank.
Victoria Business
Rio and BHP say the net zero tailwind is at their backs
The push to re-industrialise Western economies and the transition to net zero will provide strong tailwinds for the mining sector for decades to come, both Rio Tinto and BHP believe.
Resources rebound could spell more records for share market
Resources stocks have surged 17 per cent in a month but are still in negative territory for 2024. Experts examine the outlook.
Sigma offers concessions to get Chemist Warehouse deal done
The competition regulator’s decision on the $8.8bn merger of Sigma Healthcare and Chemist Warehouse has been pushed back to allow consultation on new Sigma undertakings.
This is our moment: Telstra CEO maps out her AI vision
Vicki Brady says big telcos have once again found themselves at the front of a tech revolution.
Resources rebound could spell more records for share market
Resources stocks have surged 17 per cent in a month but are still in negative territory for 2024. Experts examine the outlook.
Lincoln Minerals unveils huge magnetite resource
Lincoln Minerals has revealed it owns a one billion tonne-plus magnetite iron ore resource on the Eyre Peninsula, which was previously owned by a China-backed joint venture.
Portland aluminium smelter locks in power until mid-2035
Alcoa of Australia has locked in power supplies for its Portland aluminium smelter out to mid-2035, with a new deal with AGL providing more security for the future of the operations.
AFL grand final’s biggest audience in eight years with 4m viewers
The nation’s TV ratings service, OzTAM, delivered the TV ratings more than seven hours late but it was a top result for key AFL free-to-air broadcaster Channel 7.
Pallas offloads $20m stake in Melbourne foundry site
Sydney property player the Pallas Group has taken $20m in preferred equity on a Melbourne suburban site after failing to sell the project.
Increase R&D tax incentive cap, says Cochlear boss
Cochlear chief executive Dig Howitt says Australia needs to increase the research and development tax incentive threshold and dust off a Morrison government-era plan.
Beyond bank deposits: where retirees can stash their cash
Seniors have plenty of options to save money and tax by watching their nest eggs closely during life after work.
Bank slide doesn’t stop experts’ “sell” recommendations
Was it a hiccup or worse? Bank shares slumped last week but the nation’s number one lender is still seen as too expensive to buy.
The hidden flaw in Steve McCann’s plan to rescue Star
The reality is, the new CEO has very few levers to pull as the casino struggles to trade out of its mounting problems.
Top Shelf International suspends shares amid funds crunch
Spirits maker Top Shelf International has suspended its shares from trade as it investigates funding options and asset sales to underpin its viability.
Anglo coal sale could be wrapped up by year’s end
Anglo American’s Queensland steelmaking coal auction could be wrapped up by the end of the year, and the company says damage from the fire at Grosvenor appears to be limited.
SA Premier keeping close eye on Whyalla steelworks
South Australia’s Cabinet will travel to Whyalla to canvass community concerns around GFG Alliance’s beleaguered steelworks, which the Premier says can’t be allowed to fail.
Let’s make a deal: Platinum issues three tests for Regal
Phil King’s Regal Partners could be closer to grabbing the elusive fund manager Platinum than he realises.
Tax breaks needed to drive mine electrification, industry says
Tax incentives are needed to drive the electrification of Australia’s mining fleet, a high level consortium of resources companies says, while emissions targets will remain out of reach in their absence.
How Solomon Lew plans to get his retail mojo back
The billionaire retailer has three big strategic issues to tackle to get his empire of Smiggle through to Just Jeans firing again.
Chemist Warehouse profit surges as merger decision ticks closer
Chemist Warehouse has boosted profit by almost 80 per cent and continued to expand as the competition regulator prepares to rule on its merger with Sigma Healthcare.
Urgent advice on Whyalla steelworks’ future sought
The South Australian government is seeking urgent advice on its exposure and role should GFG Alliance’s embattled Whyalla steelworks be placed in voluntary administration.
Fortescue’s mining fleet to go green with mega $4bn truck order
Billionaire Andrew Forrest has challenged the mining sector to follow his company’s lead, after striking a $4bn deal with Liebherr for battery-powered trucks and excavators.
RBA will be late to rate cut party, but it’s on the way
Michele Bullock marked her first year anniversary as the central bank governor with a shift in tone.
What REA learned from BHP’s London stalemate
Investors are now putting pressure on Rightmove’s London board to take a seat at the negotiating table for the $11bn offer.
WA emissions requirements ‘beyond reasonable’: South32
The miner has questioned the Western Australia government’s rationale for proposed emissions reductions at its Worsley expansion, which it says go way beyond national requirements.
Barefoot tells busy dad on $400k a year to get his priorities clear
A young dad can’t decide if he should quit his time-consuming $400,000-a-year job and homeschool his kids or keep working to secure his family’s financial future. Barefoot has the answer.
Patients avoiding private surgery due to cost pressures: Ramsay
Ramsay Health Care says there has been a significant increase in privately-insured patients opting to have surgery in the public system as cost-of-living pressures bite.
Bunnings is Wesfarmers’ biggest strength and weakness
Rob Scott’s conglomerate will be tested when gravity finally catches up with the hardware juggernaut.
Mineral Resources ditches dividend as debt blows out
Mineral Resources will not pay a dividend for the first time in more than a decade, as founder Chris Ellison talks up the company’s transition to lower cost iron ore.
How long can Qantas boss keep it all in balance?
CEO Vanessa Hudson will find it harder to keep everyone onside as she navigates the end of the post-Covid-19 travel boom.
End of an era: McCrann’s snapshot of 46 years
It’s the end of an era as legendary business columnist Terry McCrann looks back at the past 46 years as he signs off on his last regular column.
The advice guiding rebuild for Woolies’ accidental CEO
Brad Banducci leaves as one of the supermarket’s longest-serving bosses. Can his legacy survive the hits of the past six months?
Fortescue doubles down on green ambition
Fortescue says the market for green products generally is ‘much, much larger’ than it previously believed, as the company looks to sink $1.8bn into its energy division this year.
Bonus cuts as Nine takes profit hit on lacklustre ad market
Nine’s key executives including chief executive Mike Sneesby have taken hefty cuts to their bonuses as the company’s profit slumped faster than it could reduce costs.
Rio offers to tip $760m into ERA for Ranger uranium clean-up
The mining giant will effectively take over Energy Resources of Australia, if it takes up most of the $880m capital raise to fund rehabilitation works at the Ranger uranium mine.
BHP looks to more than double copper production out of SA
BHP has announced a copper ore resource of more than one billion tonnes at Oak Dam in outback SA, and wants to more than double output in the state over the next 10 years.
Banducci leaves Woolies in top shape
Brad Banducci should feel pretty satisfied with the latest result at Woolies – his final mark on a stellar turnaround at Australia’s biggest supermarket group.
BHP warns of hit from IR reforms as Chinese demand falters
Same job same pay industrial relations laws are all cost and no productivity gains, BHP says, as it flags a challenging year defined by geopolitical tensions and lingering inflation.
Lessons from two CEOs: Long-term is how it’s done
Two bosses are stepping down in coming months and both will leave an undeniable mark, having reshaped their businesses dramatically.
ABC Radio National’s audience takes a dive
The latest survey shows soft audience numbers for ABC’s Radio National, just weeks after the broadcaster’s chair Kim Williams took aim at the organisation’s radio division.
Why super funds, investors love private credit
Super funds and income investors are fuelling the rise of private credit in Australia, with its risk-adjusted return profile building a strong following.
Why Fed is too late with rate cuts
If the Fed had been doing its job it would have already cut rates but it’s now unlikely the US will get its ‘Goldilocks scenario’ and by October the economy won’t look great.
Pilbara Minerals boss tips more victims of ‘lithium fever’
Pilbara Minerals has announced a new $1bn debt facility and says further weakness in lithium prices will pose challenges for some operators in the sector.
Haters gonna hate: Why Barefoot won’t take the bait
Scott Pape’s inbox gets more than its fair share of hate mail but he shrugs off the insults because he knows when you try to make a difference, you’re going to piss a lot of people off.
Share tips a mixed bag after ASX winning streak finally falls over
Sleep disorders are a share market winner but pizza and plumbing are under pressure in new stock recommendations.
Tabcorp cops record $4.6m fine for code violations
Gambling giant Tabcorp has received its largest ever fine from Victorian gambling regulators, just weeks after former AFL chief Gillon McLachlan stepped into the top job.
Property developer in bid to roll Global Lithium Resources board
A Perth property developer has taken a second run at rolling the board of Global Lithium Resources, which is backed by Mineral Resources and Hancock Prospecting.
Michelle Obama’s menopause honesty a tailwind for pharma
Celebrity-led talk about menopause and other women’s health issues is providing a boost for Mayne Pharma, which has more than doubled its annual revenue.
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.
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