bestnews 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…
Hedge fund interest in Healthscope triggers break-up concerns
The arrival of international hedge funds in the contest for Healthscope is increasing concerns among doctors and landlords that the country’s second-largest private hospital operator could be broken up, creating…
Tasmania’s new stadium facing major cost blowout, threatens arrival of AFL’s newest team
The future home of the AFL’s newest team, the Tasmania Devils, is facing a multimillion-dollar cost blowout that would require millions of dollars in funding and could delay or potentially…
Woolworths slashes prices to close gap on Aldi
Woolworths slashed its prices in March, so the gap between its groceries and those at discounter Aldi fell to its lowest level in two years amid intense pressure on market…
Next Capital warms up investors for SilverChef continuation fund
Six years after Next Capital snapped up SilverChef’s hospitality finance business, the mid-market buyout firm is asking investors for more time to allow the non bank lender’s North American expansion…
ATO alleges ex-EY partner Peter White ‘lined his pockets’ with client money
Former EY partner Peter White “lined his and his friend’s pockets” with secret commissions from clients by failing to disclose relationships he had with companies he used for facilitating illegal…
Pemba Capital-backed Rennie Advisory hits the acquisition trail
A year after landing Pemba Capital Partners as a major backer, Brisbane-headquartered consultancy Rennie Advisory has made it clear it hopes to deploy its war chest expanding into a national…
RBNZ to review capital requirements amid political pressure
New Zealand’s central bank will review its bank capital requirements amid pressure from the government and following the unexpected resignation of its governor. The Reserve Bank of New Zealand will…
TPG Capital seals $3b-plus Novotech sale with Singapore’s GIC, Temasek
Two Singaporean sovereign wealth funds have acquired a major stake in Novotech in a deal that values the clinical trials business owned by private equity giant TPG Capital at more…
Shell chair Andrew Mackenzie meets activist fund Elliott Investment Management again
Of all the headaches company chairs can encounter, an overly enthusiastic activist investor is among the worst. So Shell chairman Andrew Mackenzie must have had a wave of déjà vu…