Shayne Elliott said the Suncorp acquisition would help it compete with Australia’s biggest bank, as he pledged to fund the state’s energy transition.
Critics have queried Hostplus being crowned Australia’s best balanced superannuation fund over one- and ten-years, saying the rankings rely on unpublished valuations of unlisted assets.
Moderna has finalised its application to the medical regulator for an omicron-specific vaccine, with the pharmaceutical giant hopeful of an August rollout.
Whitehaven will report a 15-fold increase in earnings but warned NSW politicians they could kill future investment if they match Queensland’s coal royalty raise.
- Big four
There will be plenty of execution challenges in the $4.9 billion deal in a tough new era for the economy and the banking and financial services industries, writes Jennifer Hewett.
Climate Minister Chris Bowen is open to a change that would allow future governments to increase Labor’s 2030 emissions reduction target, if that is what it takes to win support from the Greens.
The manufacturing workers’ union will pay its own officials wage increases of less than 3 per cent despite a push for claims against employers as high as 8 per cent to match the surging cost of living.
Suncorp has extracted a solid price for its bank from ANZ. But the biggest benefits of the deal stem from becoming a standalone insurer.
ANZ is ready to paint the town blue, but investors are conscious of the timing and cost.
The bank sale might help Suncorp focus, but will investors close a historical discount against its insurance rival IAG?
The bank confirmed its raising fresh capital to finance its $4.9 billion purchase of Suncorp Bank and pledged to keep its branches open for three years.
Car dealerships in Canberra previously owned by Mr Politis give Eagers a foothold in the ACT, where electric vehicle sales are rising faster.
An unreliable water supply has once again hit Lynas’ Malaysian business, but the doubling of rare earths prices has papered over the cracks
The watchdog has long bemoaned the market power of the big four banks, but proving that an ANZ takeover of Suncorp will substantially lessen competition may prove complex.
Investors who bought into the Silk Laser’s float are feeling the pain, but the cosmetic injections group is on the expansion path.
The big four institution is set to swoop on the insurer’s bank to bolster larger player’s languishing home loan division if the deal passes political hurdles.
Companies in the News
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The S&P/ASX 200 Index rose 1.2 per cent to 6687.1 on Monday. Nuix fell 13 per cent to 63.5¢, and Whitehaven Coal rose 5.2 per cent to $5.90.
Australia’s big four banks bounced in March and April as investors bet that higher interest rates would support margins. Lazard took this as a selling opportunity.
West Texas Intermediate neared $US99 a barrel after dropping almost 7 per cent last week as investors fretted that a global slowdown may hurt demand.
Shareholders should not expect the ACCC to wave through the proposed $4.9 billion acquisition, says Royal Bank of Canada’s equities boss Karen Jorritsma.
Increasing immigration is not a substitute for training more Australians. But it’s what is needed now to alleviate the crippling migrant-deprived tightness of the labour market.
By the next election, Australians should know whether Labor is a safe pair of hands. But what would it take to deliver a truly superior economic performance?
There are some on the right who thrive on the tension. And they insist that the breakdown is all Beijing’s fault.
The Chinese authorities’ drift on managing bad property debts feels eerily like the impending subprime crisis in 2007.
After the backflip on pandemic leave, holding its ground on the fuel excise cut expiry is a crucial test of the fiscal strategy of the Labor government.
Rebuffing a push to cut isolation periods from seven to five days, the Prime Minister instead said reducing the prevalence of insecure jobs would be on the jobs summit agenda.
A year after the High Court ruled anyone with Indigenous heritage could not be deported some NSW Liberals are calling for a referendum to change the constitution.
Chinese tabloid The Global Times published an editorial saying Richard Marles had become one of the government’s “most aggressive actors against China”.
The agency overseeing the $29 billion National Disability Insurance Scheme is without a permanent chief executive or chairman.
The heirs to the last ruler of Sulu have seized state-owned energy assets in a lawsuit that dates back to colonial times.
The first report into the mass shooting in May found police failed to prioritise saving innocent lives over their own safety.
The head of Ukraine’s security services and its prosecutor general were sacked after scores of government staff were accused of working with Russian forces.
Home buyers have stopped paying mortgages on at least 100 projects across 50 cities.
Nearly 3.5 million people in Britain were infected in the first week of July, but the public and politicians are relaxed or indifferent about a new COVID-19 wave sweeping Europe in the middle of summer.
In a sign of how much the market has turned, the vendor of this Sydney property waited until the final week of a four-week campaign before the buyer appeared.
ESR Australia boss Phil Pearce is confident industrial rents will rise strongly over the next two-three years after snapping up $107m of assets across Melbourne.
Kennards is aiming to redevelop a site in Melbourne’s north through a mixed-use scheme with retail, fast food and self-storage.
Fewer new listings and vendor discounting have helped ease tumbling clearance rates a little, but the market is still trending down. It’s a boon for buyers.
A new ETF-for-everything era may have just begun on Wall Street, swelling an industry that already boasts almost 3000 products and $9.12 trillion in assets.
Rich Lister Grant Petty credits his humble upbringing for shaping his success in a country that is too focused on rule followers wearing the right suit.
Ask yourself whether you have the skill and experience to assess the merits of an ‘exclusive’ investment because the law will assume you do.
The gap between public and private company valuations has narrowed, as listed tech stocks nosedive and undermine the lofty valuations booked by private companies last year.
Nuix shares hit a record low on Monday, after the embattled software company warned lacklustre new customer sales is likely to hit revenue.
Dave Excell just wanted to do a PhD, but serendipity led him to switch from study to start-ups. Now his artificial intelligence business is heading for unicorn status.
- Working from home
One hot topic is guaranteed to press the buttons of US bosses: working from home.
Just days after a PwC partner left the firm over an alleged sexual harassment scandal, new chairwoman Tracey Kennair has pledged to use her reign to improve diversity and pay equity.
For most computer users, there is absolutely no reason to get the new MacBook Pro, now that the new MacBook Air is here.
Torn at the seams over what to wear? Ripped to shreds wondering how to style your threads? Send your fashion questions to our new column, How to Wear It.
Playing a remarkable five successive birdies to start the back nine, the golfer became the first Australian to claim the famous Claret Jug since Greg Norman.
Faced with turning a neglected brutalist building in Madrid into the site of a luxury showcase, design star Jaime Hayon reached for his colour box.