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Louis Dreyfus confirms higher bid at Namoi Cotton
French commodities giant Louis Dreyfus has confirmed it intends to make a 60¢ a share bid for Namoi Cotton, after Street Talk reported it has beefed up it advisory lineup.
- 4 mins ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
The Riverside Company seeks to acquire Wollongong-based IT business
The mooted sale comes after Virtual IT fielded interest from a bunch of private capital players in 2023.
- 31 mins ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
Adore Beauty CEO Morton to step down
The online beauty retailer is on the hunt for another CEO after Tamalin Morton flagged plans to exit in September.
- 44 mins ago
- Carrie LaFrenz
- Sponsored
- Sonder Media
Stake a claim to $4b owned media goldmine
The owned media market in Australia in 2024 is worth a staggering $4.3 billion in commercial potential, growing 10 per cent in the space of a year.
Sponsored
by Sonder Media
PwC set to become smallest big four firm
PwC has lost more than 200 partners in less than a year, with the once-ascendant firm expected to fall behind KPMG on partnership size and revenue.
- Maxim Shanahan
ASIC secretly probed IAG’s Greensill disclosure
As IAG raised $750m, a hedge fund’s tip-off claimed there was scant detail about exposure to fast financier Greensill Group. Since then, $7b in gross claims have been declared.
- Liam Walsh and Jenny Wiggins
Opinion & Analysis
Anglo’s predictable rejection won’t end BHP’s ambitions
BHP won’t be put off the scent by Anglo American’s rejection of its $60 billion takeover. There’s too much at stake.
Columnist
The real reason Elon Musk is taking on Australia
Australia has become the latest battleground for the billionaire’s global war on internet censorship, Will he win?
Legal editor
Why US housing remains the big obstacle to rate cuts in 2024
Investors’ hopes of rate cuts are waning, as problems in the US housing market look set to keep house price and rental inflation bubbling along.
Columnist
Musk sells the Tesla dream, skips the details
On the car maker’s results call this week, the numbers were bad but the words were dreamy. Perhaps too dreamy.
Contributor
Companies in the News
Woodside Energy Group
Commonwealth Bank
National Australia Bank
The Star Entertainment Group
Updated: Apr 29, 2024 – 10.20am. Data is 20 mins delayed.
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Featured
- Analysis
- Social media
The real reason Elon Musk is taking on Australia
Australia has become the latest battleground for the billionaire’s global war on internet censorship, Will he win?
- Michael Pelly
- Investigation
- Shares
Broking bad: ASIC ‘threat’ fears about Morgans revealed
The corporate cop dealt with problems brewing at leading stockbroker Morgans for three years before a public crackdown. New documents detail the scale of its concern.
- Liam Walsh
BHP has UBS, Barclays in corner as it eyes mega Anglo American deal
Sources close to discussions said negotiations were at an early stage and other miners were interested in the London-based producer of platinum and copper.
- Sarah Thompson, Kanika Sood and Emma Rapaport
More From Today
CBA dumps bonus limits to fight Macquarie on mortgages
The bank will dump bonus caps agreed in the shadow of the Hayne royal commission as it tries to stem market share losses to rival Macquarie.
- James Eyers
Why Mike Cannon-Brookes invested in this mushroom
A tree-planting boom is required to get the world to net-zero, and the billionaire is betting mushrooms and fungi will be a crucial enabler
- Peter Ker and Lap Phan
Zip Co’s turnaround story lands the BNPL on takeover watchlists
No doubt CBA’s internal M&A team adheres by its mandate of looking at all options to maximise shareholder value.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
Experience Co to unveil E&P Corporate-led strategic review
Experience Co’s largest shareholders – Anthony Boucaut and fund manager Richmond Hill Capital – are supportive of the strategic review, sources told Street Talk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Tanarra sharpens criticism of Lendlease’s Lombardo, Ullmer
John Wylie’s firm has been calling for major changes at the property group. In a letter to investors, it makes clear its views of the company’s chief executive.
- Kylar Loussikian
Wayne Swan’s ASX sand crusade starts to crystallise
The former treasurer’s public support for local solar panel subsidies comes as he tries to consolidate the sand industry.
- Updated
- Mark Di Stefano
Henri Aram: the 101-year-old market gadfly
A reforming pioneer in the investment advice industry, Henri Aram was also outspoken about the operation of finance markets and the behaviour of big corporates.
- Andrew Clark
SA’s Benson Radiology orders adviser beauty parade
Sources said Benson is making about $30 million EBITDA a year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
News Corp restructure ‘savings’ soar as editors talk strategy
After a lacklustre advertising market struck media companies in 2024, a proposed restructure at News Corp will now aim to save $50 million instead of $15 million.
- Sam Buckingham-Jones
Adelaide LIV goes off with Liveris, Fox and Saudi critic Anika Wells
The federal sports minister once called for a boycott of Saudi Arabia’s sporting endeavours. Now even she’s a guest at the Saudi-funded tournament.
- Updated
- Myriam Robin
Melbourne rivals hope Kyle and Jackie O’s sins haunt advertiser demand
Kyle Sandilands and Jackie Henderson signed a 10-year, $200 million contract late last year. Now they’re taking on Melbourne’s $220 million radio market.
- Sam Buckingham-Jones
Anglo to run investor gauntlet after rejecting BHP’s $60b bid
The market is tipping BHP can come back with a higher offer, as it moves to acquire more copper assets. But first, Anglo American will face its own shareholders.
- Joshua Peach and Liam Walsh
Aldi pays mega $420m dividend to offshore parent
Newly released accounts reveal the discount supermarket chain made a hefty capital return to Austrian company Hofer KG in 2023.
- Carrie LaFrenz
BHP’s $60 billion copper play was years in the making
How chief executive Mike Henry has been methodically hunting a big deal for years.
- Thomas Biesheuvel, Dinesh Nair and Paul-Alain Hunt
Profit of $4804: how Musk’s takeover crushed Twitter in Australia
X is expected to be wound up in Australia after reporting just $3.4 million in revenue in the first half of 2023, documents reveal.
- Sam Buckingham-Jones
Banks stare down spectre of bad debts, eye $4.5b return
Analysts say banks may declare higher dividends and share buybacks over the next fortnight’s earnings season as margin pressures ease.
- Lucas Baird and James Eyers
KKR seeks to resolve 11th-hour hurdles ahead of Perpetual break-up
The Perpetual board was eager to update the market at its third quarter update on Wednesday but was body blocked by its advisory team.
- Sarah Thompson, Kanika Sood and Emma Rapaport
NSW wants fintechs to be part of the country’s largest bank contract
Westpac, ANZ and Citi are incumbents, but NSW Treasury wants innovative pitches to help solve issues, such as helping get payments to victims of domestic violence who may not have access to banks.
- Max Mason
- Opinion
- Chanticleer
How under the radar I-MED is fighting fit after 20-year PE job
Tucked away in private equity, it is easy to forget about Australia’s biggest imaging company I-MED. But it is worth watching this year; it has a few ideas on the boil.
- Anthony Macdonald
Tasmea helps break IPO drought after spurning private equity
Stephen Young says he held out for the thawing of the IPO market rather than commit a “breach of faith” by selling to private equity buyers.
- Simon Evans
