Fletcher raising brings capital markets to life
It’s time for Fletcher Building to get its house in order after ruling off a capital raising that saw fund managers asked to buy shares at a price of $NZ2.40 apiece.
Joyce Moullakis
Latest
Troubled Fletcher weighs its options
Under-pressure Fletcher Building is actively weighing options including tapping investors for capital and divesting its residential and development unit, sources say.
Salter Brothers plans IPO for $2bn hotels portfolio
Australia’s second-largest owner of hotel rooms is pushing ahead with an ASX listing for its growing accommodation assets.
Hagger, Debelle to advise swelling billionaire ranks
Andrew Hagger has joined with former Reserve Bank stalwart Guy Debelle to establish an advisory firm for ultra-wealthy families, as the number of Australian billionaires swells.
AMP chair calls for ‘better balance’ in financial advice sector
Australia’s financial advice model requires less complexity, with those who need guidance and assistance probably being priced out of the market, AMP chairman Mike Hirst has warned.
PwC governance chair tells staff to knuckle down
John Green addressed staff and partners at PwC – in two separate groups – as part of a listening tour, where he drew a line in the sand under the firm’s woes.
Mark Bouris joins hydrogen play as it eyes IPO
United H2 Limited, which develops and commercialises hydrogen-related companies, has lured Mark Bouris to its board as it targets an ASX listing.
ASX chair departs amid investor heat
Investors say the beleaguered ASX board still has work to do to boost its expertise and ensure accountability for a bungled technology upgrade, despite the changeover of chairman.
NAB joins rivals in cutting broker clawbacks rates
National Australia Bank is the latest big lender to reduce the amount of commission payments it can claw back from mortgage brokers, given industry pressure.
Westpac’s new CEO is ‘fiercely competitive’, and you don’t want to cross him
The banking major’s incoming boss Anthony Miller is prone to telling colleagues he is the underachiever of his family, given two of his siblings represented Australia at the Olympics. He’ll certainly have to revise his talking points.
Original URL: https://www.theaustralian.com.au/author/joyce-moullakis/page/10