Did the taxman take the wind out of Palmer’s Trumpet?
When you spend money like Clive Palmer, not much can throw you off your political stride. But perhaps a $60m tax bill might explain a somewhat restrained outlay on Trumpet of Patriots.
Margin Call
At the UWU, united they stand and exhausted they fall
They’re ferocious holding toxic workplaces to task so what can we make of the burnout and psychological distress among United Workers Union staff, according to an internal survey?
Freezing orders on dodgy NDIS housing directors
The courts have finally taken action over allegations that dodgy NDIS housing developer Saorsa Health inappropriately blew millions of their investors’ cash.
Brickbats or bouquets from Nats to Libs?
Is it true love? Or just a troll? Someone sent the Liberal Party a bucket of posies suggesting the two parties should once again hold hands.
Steel sinks Gupta’s life raft plan
Sanjeev Gupta planned to rip $540m out of his flagship Australian steel business to pay off debts elsewhere in his ailing global metals group.
The upside of Cbus chair Wayne Swan’s positive spin
Say something’s great long enough and people will begin to believe you. That’s if the takeaway from a presentation by one of Cbus chair Wayne Swan’s lieutenants is anything to go by.
Clive’s head on a crypto coin no guarantee of success
The unknown founders of a memecoin bearing the image of Clive Palmer thought, wrongly, they would make a motza on the back of the mining billionaire’s election advertising splurge.
Forrest’s lame duck energy boss calls it quits
Call it inevitable, call it what you will, but Fortescue Energy boss Mark Hutchinson has finally left the building, after the retreat from green hydrogen left him with next to nothing to do.
Poker legend Tony G makes Kestelman a neighbour
Amid all the ructions at the NBL, Larry Kestelman’s main business – selling luxury apartments – just keeps powering on, with a card-playing millionaire the latest to move in.
Turmoil at Warren Buffett’s Aussie construction company
Who knew Warren Buffett’s Berkshire Hathaway owned an Australian crane hire business? And what’s going on there to make so many of its executives quit?
Westpac claws back more money in Bill Papas fraud chase
Westpac is intent on clawing back every dollar it can, with its financial bloodhounds slowly closing in on another asset of the two fraudsters who made off with $500m.
All is far from Bonza as the bust airline sparks credit card lawsuit
More than $775,000 is owed to the customers of financially crashed ocker airline Bonza and now its credit-card processor has joined the line-up of lawsuits against the parent company.
Gupta puts shutdown blame on South32
Ore supply issues? Or payment problems? Embarrassment as Sanjeev Gupta blames South32 for Liberty Bell Bay smelter shutdown even as manganese ore supply returns.
Markets boss has assets frozen amid $1.4m fraud allegations
A mystery car, putting green and false sick leave claims are at the centre of freezing orders against the former CEO of Sydney Markets.
Fortescue shuts US plant paid for with a tasty American grant
The gas has well and truly escaped from hydrogen-loving Fortescue which has shut a newly opened US plant after pocketing a lucrative financial incentive of almost $18m to set up there.
Technically speaking, has James sent Zuck packing?
He’s officially one of Australia’s biggest tech investors so when James Packer pulls his cash from Mark Zuckerberg’s Meta and Jeff Bezos’ Amazon it’s worth asking why.
Crowning glory a suite befitting a banking king, or CEO at least
As ANZ chief Nuno Matos rolls the dice on which side of the Yarra to live, he’s doing it from the comfy confines above Australia’s swankiest casino.
I’ll play ball with the books if the court orders it, pledges NBL boss
If the NBL is happy to release its financial affairs to club owners on receipt of a court order, why hasn’t it done so without one?
Bear necessities: new WA NRL club’s name a hot mess
It’s a little hard to bear. NRL’s return to WA is causing headaches for a long-established Perth social club catering to the gay community which is at pains to distance itself from the franchise.
Will Bowen chase Fortescue to repay green grants worth millions?
Fortescue’s now mothballed Gladstone electrolyser factory was a veritable sponge for federal and state green grants worth $60m. So will the federal and state governments ask for a refund?
Hanwha bails on China joint venture as Austal talk refloats
There’s a long list of items before the Foreign Investment Review Board but the trickiest could be South Korean Hanwha if it makes another tilt at navy shipbuilder Austal.
New ASX corporate gig puts extra cash in Cats coach’s kitty
As if life as an AFL coach weren’t busy enough, Cats coach Chris Scott has added another job to his busy schedule – this time as a director with an ASX-listed company.
Forrest and Benali lobby UK on Moroccan energy supplies
A year on from their Parisian encounter, Andrew Forrest and Leila Benali are both pushing Moroccan renewable energy on the UK government – but not quite at the same time.
Fundraising dinner proves its pulling power again
Anybody who is anybody was there for the University of Melbourne’s famed Faculty of Business and Economics centenary dinner. But there was one glaring exception.
Waltzing Matilda as former midfielder firms for soccer’s top job
Former Matilda Heather Garriock and Tottenham’s Scott Munn are contenders to head Football Australia while exiting James Johnson is tipped to be heading for a lucrative offshore posting.
Czech heavyweight on top in Callide C struggle
Czech energy tycoon Pavel Tykač has emerged as half-owner of Callide C, and that spells more trouble ahead for state-owned utility CS Energy.
Missing Melbourne Cup cash mystery runs dead
Prize money paid out to 2024 Melbourne Cup winning trainers Sheila Laxon and John Symons has been traced to a suburban accounting firm but is yet to be recovered.
Israeli President’s glowing praise for NSW Premier
Isaac Herzog’s warm letter of gratitude to NSW Premier Chris Minns also delivered a finger in the eye to Anthony Albanese.
Tabcorp’s ‘future of wagering’ play a long shot
Tabcorp chief executive Gill McLachlan’s grand vision for live sports-betting in pubs and clubs fell at the first fence in Victoria and still has hurdles to jump in NSW.
Former GS banker joins the battle against Geminder’s creep attack
A year on from Raphael Geminder’s embarrassing failure to buy out his beloved Pact Group, the rich-lister finally looks set to get his way. Unless a new rival can stop it.
Original URL: https://www.theaustralian.com.au/business/margin-call/page/2