bestnews Is the PE shootout for Insignia under threat? Markets think so
The ASX market meltdown sparked by Trump’s new tariff regime is sure to have its fair share of casualties on the M&A circuit. Will the first be Insignia Financial, which…
EY and PwC become the outsourcers as big four look to lobbyists
Among the industries in desperate need of rehabilitating its image with the federal government, the consulting sector remains number one. The big four have been on the nose in Canberra…
Sydney Airport takes $46m write-down on deferred hotel, transport hubs
Sydney Airport has written off $46 million as it defers transport and hotel projects, overhauls its business strategy and prepares to deliver a new 20-year master plan. The write-downs, revealed…
Super funds urge members not to panic after rout takes losses to $170b
Major superannuation funds are urging their members not to panic after the sharemarket recorded its largest one-day loss in five years, cautioning them against switching their retirement savings into conservative…
AustralianSuper to refund hacking victims as Cbus admits to breach
AustralianSuper has vowed to refund members who had $500,000 stolen from their accounts in a cyberattack, with the Wayne Swan-chaired Cbus becoming the latest fund to say it has been…
Mayhem Monday ends the ASX’s era of effortless momentum
Mayhem Monday ends the ASX’s era of effortless momentum
OPEC production, Trump tariffs hit oil companies in price rout
A sharp fall in crude oil prices has triggered a sell-off in oil and gas stocks, after analysts downgraded earnings forecasts and reviewed the resilience of company balance sheets. The…
CBA and Westpac mull removing numbers from their credit cards
Commonwealth Bank and Westpac are considering removing the 16-digit numbers from their credit and debit cards, a move Mastercard argues will reduce fraud by preventing criminal hackers from stealing card…
Hospitals ‘staring into the abyss’, says Chris Blake, chief executive of St Vincent’s Health Australia
It’s tempting to say private health insurers should give another $1 billion a year to private hospital operators from Healthscope and a whole range of other marginal operators – and…
Endeavour’s Ari Mervis gets the broom out amid portfolio review
Endeavour’s Ari Mervis gets the broom out amid portfolio review