Today
Activist target Whitehaven Coal suffers first strike
Close to 40 per cent of investors voted against the coal miner’s remuneration report as the battle with activist investor Bell Rock continues to rage.
- 24 mins ago
- Aaron Patrick and Peter Ker
Yesterday
- Updated
- Whitehaven Coal
Whitehaven accuses Bell Rock of controlling twice the shares it claims
But the Takeovers Panel has declined a request from the coal miner to disqualify votes cast by the hedge fund at its annual meeting scheduled for Thursday.
- Peter Ker
This Month
Magellan lawyers up for Bolton defensive
Street Talk understands Magellan has Allens and MinterEllison in its corner; Bolton is represented by Allen & Overy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Investors back activist’s call for News to sell REA stake
Starboard Value wants the Murdoch-family controlled media giant to separate from its 61 per cent stake in the Australian real estate business.
- Updated
- Joshua Peach
- Analysis
- Managed funds
Magellan’s closed-end fund experiment nears end game
Magellan’s grand plan to entice investors into its closed-end funds is nearing an undignified end as the entire sector faces an existential threat.
- Jonathan Shapiro
- Exclusive
- Bruce Mathieson
Pubs billionaire Mathieson says margin loan is no handbrake
Bruce Mathieson snr says opting out of the last Star capital raising was not influenced by a margin loan against his Endeavour stake, which has fallen in value.
- Zoe Samios, Carrie LaFrenz and Simon Evans
September
HESTA demands energy company boards act on climate change
The industry super fund wants companies to accelerate commercialisation of hydrogen in Australia as it outlines its active engagement priorities.
- Hannah Wootton
June
Nicholas Bolton hoovers up Magellan Global Fund options
The activist investor, already in a stoush with Wilson Asset Management, has emerged as one of MGF’s largest option holders. His intentions are unclear.
- Vesna Poljak
May
Tuckwell’s showdown with ETF firm WisdomTree takes a bitter turn
The Aussie ETF pioneer’s attempt to grab board seats has prompted US-listed WisdomTree to attack his character, which he says smacks of desperation.
- Hans van Leeuwen
Activist investor Engaged Capital acquires stake in Shake Shack
Shares in the former Wall Street darling have cooled as lukewarm sales growth fails to justify its lofty valuation.
- Michelle F. Davis
Adani to weigh stock sale; months after short-seller turmoil
None of the group’s main units have tapped the public equity market since the allegations by Hindenburg Research wiped more than $100 billion from the conglomerate’s value.
- Filipe Pacheco
Berkshire investors mull a future without Buffett
At 92 and 99, this could be Warren Buffett’s and Charlie Munger’s last annual general meeting. But shareholders aren’t frightened.
- Matthew Cranston
Carl Icahn loses $15b in just one day in Hindenburg attack
The latest report by short-seller Hindenburg Research accuses the activist investor of using a “Ponzi-like” structure at his investment company.
- Tom Maloney
Icahn hit by Hindenburg short call as activist becomes target
Hindenburg claimed Icahn Enterprises’ value is inflated by 75 per cent or more, noting that it trades at a premium of more than 200pc to its net asset value.
- Bre Bradham
April
Why the $130b ETF sector is anything but passive (on ESG)
Exchange-traded fund providers have described the idea that index providers shouldn’t agitate on ESG issues as “nonsense”.
- Lucy Dean
Woodside yields on climate vote but resistance remains
A proxy adviser says investors should reject the pay report and the re-election of a director, even after Woodside agreed to give shareholders another vote on climate.
- Angela Macdonald-Smith
Green groups target Japan megabanks on climate action
Activists argue that the banks’ climate targets and policies aren’t aligned with 2050 net zero pathways set by the International Energy Agency.
- Shoko Oda
ValueAct casts doubt on Seven & i’s review, demands changes
ValueAct has little confidence in the 7-Eleven parent’s business plan revealed last month. Shareholders deserve simple, factual answers, the hedge fund said.
- Kanoko Matsuyama and Grace Huang
March
- Exclusive
- AGM season
Proxy advisers support Santos ahead of potential ‘second strike’
All four key proxy advisers have supported Santos’ board on pay and climate heading into an AGM where it faces a potential “second strike”.
- Angela Macdonald-Smith
Cathie Wood buys Block shares during Hindenburg-fuelled plunge
ARK Innovation ETF, ARK Next Generation Internet ETF and Ark Fintech Innovation ETF made the purchases on Thursday.
- Abhishek Vishnoi
