The nation’s largest investment managers, including the big superannuation funds, are using private unlisted assets to shield their returns from the turmoil and volatility that have engulfed global equity markets after US…
Year: 2025
Chair Mike Hirst rates AMP’s reputation with Qantas, Rio, ANZ’s
It’s been seven years since AMP’s reputation was torn to shreds by Kenneth Hayne’s 2019 banking royal commission, one of the biggest sinners in charging clients for services they never received and…
NSW government talks tough on Healthscope, but action is a long way off
Healthscope caught the Minns government off guard last week when it offered to dissolve its joint ownership at the Northern Beaches Hospital, years before the agreement to operate the facility ended. The…
Westpac, CBA slammed by Richard Flanagan and Geoff Cousins over $780m loan to Tasmanian salmon farmer Tassal
Green financing provided by banks to fund the politically sensitive Tassal salmon farm in Tasmania have been criticised by two of the country’s best-known environmentalists who described the use of “sustainability linked”…
Star accounts reveal Bally’s has an uphill battle to turn around the ailing gaming group
Star Entertainment has lodged the ugliest set of accounts you will see from an ASX300 company this year. There were hefty losses, writedowns, revenue going backwards, debt going up, dwindling cash reserves…
Mike Cannon-Brookes needs $157m for SunCable; flyer hits inboxes
MA Moelis Australia is back for a second round with Mike Cannon-Brookes’ ambitious renewable energy venture SunCable — this time to raise capital for its Australia-Asia Power Link. Two years after Paul…
BlackRock makes inroads into self storage, eyes fast-growing local biz
While the market’s attention was locked on ASX-listed Abacus Storage King’s $1.93 billion takeover offer, BlackRock – the world’s largest asset manager – was quietly cutting a deal elsewhere in the booming…
Evolution Mining sells gold for $5150 per ounce after producing it for just $1600
Evolution Mining has posted a bumper windfall from gold’s bull run, with the astronomical price of bullion allowing the miner to sell its bars for triple their production cost. The ASX-listed company,…
US drugs giant Eli Lilly’s warns Australia on PBS approvals
Eli Lilly says it could pull tens of millions of dollars invested in Australian clinical trials unless the federal government dramatically cuts the time it takes to put new drugs onto the…
Star finally releases accounts showing $300 million loss in six months
Star Entertainment lost more than $300 million in the six months to December 31 amid a regulatory crackdown that left revenues sliding, long-delayed financial accounts published on Tuesday show. The casino operator’s…