Latest
APA suffers protest vote on pay as chairman warns on climate targets
Michael Fraser said energy policies need to be “realistic” to avoid losing public support for the transition as prices rise and the lights go out.
- 11 mins ago
- Angela Macdonald-Smith
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.
- 20 mins ago
- Aaron Patrick and Peter Ker
Corbett makes surprise Woolworths AGM appearance, critiques chairman
The company’s former chief executive questioned why the board had ‘chosen to support the status quo’ at Endeavour, where it is the second-largest investor.
- 38 mins ago
- Carrie LaFrenz
Webcentral to divest assets for $165m; MacCap on ticket
Webcentral has struck a binding deal to sell a majority stake in some of its assets for circa $165 million.
- 1 hr ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
Lithium hopeful Azure Minerals strikes $1.63b sale to Chile’s SQM
Azure’s board has accepted an offer of $3.50 per share, a staggering 54 per cent higher than SQM’s first approach.
- 1 hr ago
- Elouise Fowler
Fortescue makes slow start on push for fifth iron ore export record
Fortescue has refused to give up on a goal to set a fifth consecutive iron ore export record despite making a slow start to the new financial year.
- Peter Ker
Opinion & Analysis
Inside Origin’s $18.7b game of M&A bluff
Origin Energy’s takeover is unlike any major deal we’ve seen in the past decade. The ball is firmly in Brookfield and EIG’s court.
Chanticleer columnist
Barristers on losing streak with constitutional change
A vote by members of the Victorian Bar to include clauses that promoted diversity and made a stand against discrimination and harassment has tanked.
Legal editor
Endeavour Group peace only comes with a scalp – the chairman’s
The hotels and pub group’s board will have the numbers at its AGM next week. But chairman Peter Hearl has two choices: claim a fleeting victory or read the room.
Chanticleer columnist
India’s outsource industry is shrinking
The top players in the sector contracted their payrolls by more than 21,000 in the three months to September.
Contributor
Companies in the News
ASX Limited
Liontown Resources
Fortescue Metals Group
National Australia Bank
Updated: Oct 26, 2023 – 1.03pm. Data is 20 mins delayed.
Search companies
View stories and data from an ASX listed company
Featured
Rio, BHP and Fortescue at electrification crossroads
Iron ore miners in the Pilbara are under pressure to slash emissions and preparing to fork out billions on emissions-free trucks and renewables.
- Brad Thompson
Why are analysts so upbeat on IAG?
The insurer’s latest confession about old claims creeping up means it should have missed a key earnings target from last year.
- Liam Walsh
Telcos battle for internet calling provider
Symbio is the latest business caught up in an acquisition spree as small telecoms companies go after the biggest fish in the pond.
- Jenny Wiggins
More From Today
- Opinion
- Chanticleer
Inside Origin’s $18.7b game of M&A bluff
Origin Energy’s takeover is unlike any major deal we’ve seen in the past decade. The ball is firmly in Brookfield and EIG’s court.
- 1 hr ago
- Anthony Macdonald
Chemist Warehouse founders share $365m dividend windfall
Rich Listers Jack Gance and Mario Verrocchi split a $264 million payout last financial year, and a further $101 million in October.
- Joshua Peach
Angus Aitken visits high-end Dan Murphy’s and finds too much champagne
The high-profile stockbroker has told clients he does not know what the strategy is behind the Endeavour-owned liquor retailers pivot to high-priced bottles.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Crown’s multibillion-dollar expense bill wipes casino profits
The Blackstone-owned company improved revenue by 44 per cent, but it was not enough to offset the toll of penalties and sharpening compliance.
- Zoe Samios
Fines to quintuple for badly behaved accountants
Chartered Accountants ANZ members voted to increase the maximum fine for firms from $50,000 to $250,000 to rebuild the sector’s image.
- Edmund Tadros
Top legal partners want to ‘eat what they kill’, not share profits
High-performing partners want a greater share of profit for shouldering the burden of a flat legal market.
- Maxim Shanahan
Pilbara Minerals shelves special dividend as lithium price dips
Lithium producer Pilbara Minerals reported a 42 per cent drop in revenue after dips in price and production last quarter.
- Brad Thompson
Barristers on losing streak with constitutional change
A vote by members of the Victorian Bar to include clauses that promoted diversity and made a stand against discrimination and harassment has tanked.
- Michael Pelly
JB Hi-Fi first-quarter sales fall; Good Guys tumbles
The retailer is well positioned in a tougher trading environment, CEO Terry Smart told investors at the AGM .
- Carrie LaFrenz and Simon Evans
How Aussie Jewish barristers banded together after Hamas attacks
Working long hours, usually alone, it can be a lonely life. In the days after the bloody attack on Israel, a WhatsApp group helped Jews at the NSW Bar come together.
- Ronald Mizen and Maxim Shanahan
Higher shelf prices underpin 3.6pc Coles first quarter sales increase
But the supermarket giant said that price growth persisted, even as it moderated in fresh foods, meat and in baked goods.
- Carrie LaFrenz
How Michael Lewis made a fortune writing about money
The author’s nose for a story has made him a figure as influential in finance as most of the people in his books – and probably as rich.
- Jake Kerridge
Billionaires v BHP: who is right about lithium?
This week on The Fin podcast, Peter Ker and Elouise Fowler on why the Liontown deal collapsed and whether lithium could become the next iron ore for Australia.
- Exclusive
- Aviation
Future Fund to vote against Qantas director Todd Sampson
The sovereign wealth fund, and other large investors in the airline, will not support the re-election of the advertising executive to the airline’s board.
- Ayesha de Kretser and John Kehoe
NRMA to offer home loans funded by Bendigo Bank
Like Qantas, the IAG-owned insurer will distribute mortgages to its customers via an origination platform created by fintech Tic:Toc, funded by Bendigo Bank.
- James Eyers
IFM snares $3b deal for European mega-airport
The Australian investment manager shrugs off Europe’s infrastructure blues, teaming up with France’s Vinci to win a Polish tender worth as much as $3 billion.
- Hans van Leeuwen
Yesterday
‘Shiny shopfronts’ led police to bust $10b Chinese crime ring
Seven people have been arrested in connection to an alleged Chinese money laundering ring whose operators were said to lead lives of luxury.
- Patrick Durkin
Critical minerals projects ‘at risk from Labor environment plan’
Investment and jobs in Western Australia’s resources sector are at risk from the Albanese government’s environmental protection laws, industry warns.
- Tom Rabe
Plenty of interest in Damstra as overseas software firms circle
The company sells an enterprise protection platform that targets worker safety, risk management and compliance for clients such as New Hope and Glencore.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
Critical minerals billionaire says taxpayer loans not enough
Explorers want their share of the further $2 billion of taxpayers’ money pledged towards the critical minerals sector this week, while Chris Ellison says it’s not enough
- Peter Ker and Brad Thompson
