Pity any central bank governor trying to make sense of what Donald Trump’s tariffs mean for the world economy. Add in a fractious domestic election campaign where the cost of living forms…
Category: Financial Services
Bids fly for Top Shelf International assets
The end is in sight for Top Shelf International’s long-suffering lender. Street Talk understands the ASX-listed distiller’s financier, Longreach Credit Investors, has fielded a range of offers for Top Shelf’s assets including…
UBS industrials analyst off to JPMorgan
UBS industrials analyst Lee Power pledged allegiance to the Swiss bank in 2021 after upstart Barrenjoey raided its ranks. Now, he’s calling time. Lee Power in a late 2021 photo at UBS,…
Fourfold rise in union visits at BHP’s Pilbara mines is not helping wages
Dear big business, want to know what workplace issue the government is focused on? Wages, wages and more wages. Employment and Workplace Relations Minister Murray Watt couldn’t have made it any clearer…
Zip Co quiet on Federal Court loss to Firstmac in ASX disclosure reporting
Advising companies on what and when they must report to the ASX to meet their continuous disclosure obligations (and what they can get away with excluding) has kept Australia’s corporate lawyers happily…
REST Super, Hostplus charge higher fees than most funds, despite falling short on death benefit claims
Superannuation funds named as the worst offenders by the corporate regulator for not paying death benefits promptly to families of deceased members are also charging the highest administration fees. The analysis from…
James Hardie investors unhappy about the $14b Azek takeover; Indian Pacific Funds Management scathing
Somehow, several law firms in the United States are actually contemplating suing James Hardie’s $14 billion target – New York-listed building materials group Azek – because the price is too low. That…
KKR corrects record on credit income fund ASX statement error
If a correction to a company’s ASX statement needs a correction itself because the original notice was not, in fact, incorrect, what does that say about the care and diligence of that…
The buy and sell cycle chewing up ASX companies such as Orora and Healius
Companies deal their way into problems all the time – then they try to deal their way out. The problem is, it rarely works. They buy something questionable, sell something solid often…
Small business says ‘nightmare’ payday super reforms are unworkable
Rosyln Van Welie agrees something needs to be done about companies that try to stiff workers on superannuation contributions. But she says Labor’s plan to make employers pay super along with each…