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Clean Energy Council chief executive Kane Thornton said Australia had to end its over-reliance on coal and gas.

End of climate wars will fast-track wind, solar: Clean Energy chief

Clean Energy Council chief executive Kane Thornton says Australia needs to accelerate its investment in wind, solar and storage to end the over-reliance on coal and gas.

  • 8 mins ago
  • Mark Ludlow
.

Whitehaven urges NSW to keep hands off coal cash cow

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.

  • 35 mins ago
  • Peter Ker

‘We feel dwarfed by CBA’: ANZ’s $25b bet on Queensland

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.

  • 40 mins ago
  • James Eyers, Ayesha de Kretser and Liam Walsh

ANZ is paying for Shayne Elliott’s failure

The playbook at ANZ Banking Group only gets more surreal.

  • 44 mins ago
  • Joe Aston

ANZ to decide on ‘painting Queensland blue’

ANZ is ready to paint the town blue, but investors are conscious of the timing and cost.

  • 1 hr ago
  • Ayesha de Kretser and James Eyers

Talk of Saudi tour clouds Smith’s historic Open win

Cameron Smith refused to rule out joining Greg Norman’s rebel LIV Golf tour after winning the Open Championship with one of the most extraordinary rounds in major history.

  • 1 hr ago
  • Andrew Burke

Opinion & Analysis

ANZ’s ‘once-in-a-lifetime’ deal comes with complexity

Shayne Elliott says seven years of simplification has set ANZ up for the $4.9 billion acquisition of Suncorp’s bank. But with growth comes complexity.

Chanticleer

Columnist

Chanticleer

Why rivals are cheering Shayne Elliott’s Suncorp tilt

ANZ boss Shayne Elliott says he’s ‘not going to be distracted’ by the Suncorp acquisition at a time when rival bankers are gearing up for the refinancing wars.

Karen Maley

Columnist

Karen Maley

Why ANZ needs the Suncorp deal

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.

ANZ deal delivers Suncorp three big wins

Suncorp has extracted a solid price for its bank from ANZ. But the biggest benefits of the deal stem from becoming a standalone insurer. 

Chanticleer

Columnist

Chanticleer

Companies in the News

ANZ Bank

anz$21.640
 -1.32%

Suncorp

sun$11.780
 6.13%

ASX Limited

asx$84.590
 -0.97%

BHP Group

bhp$36.970
 2.41%

Zip Co

zip$0.595
 4.39%

Updated: Jul 18, 2022 – 4.10pm. Data is 20 mins delayed.

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View stories and data from an ASX listed company

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Featured

Qantas’ succession planning will get more complicated following the departure of Jetstar boss Gareth Evans.

Qantas’ succession planning just got more complicated

When Jetstar chief Gareth Evans steps down from Qantas’ budget offshoot in the new year, he will be the fourth succession candidate in six years to depart.

  • Lucas Baird
Nick Kyrgios celebrates winning against Stefanos Tsitsipas of Greece.

Love him or loathe him, the world is watching Nick Kyrgios

Amid the condemnation, a host of tennis greats and business leaders are quietly backing him to succeed, but can Australians embrace the erratic star?

  • Patrick Durkin
The funds were used to buy a crypto stablecoin known as Tether.

Missing devices in crypto scam case thrown away under company policy

An SMSF alleges an Australian crypto exchange, as middlemen, should have done more to weed out frauds using their platform to scam people.

  • Max Mason

More From Today

Shayne Elliott says ANZ has spent seven years shaping up for a deal like this.

ANZ’s ‘once-in-a-lifetime’ deal comes with complexity

Shayne Elliott says seven years of simplification has set ANZ up for the $4.9 billion acquisition of Suncorp’s bank. But with growth comes complexity.

  • 14 mins ago
  • James Thomson
After losing so much market share in the critically important mortgage market, ANZ was under pressure to do something big.

Why rivals are cheering Shayne Elliott’s Suncorp tilt

ANZ boss Shayne Elliott says he’s ‘not going to be distracted’ by the Suncorp acquisition at a time when rival bankers are gearing up for the refinancing wars.

  • 47 mins ago
  • Karen Maley
Suncorp chair Christine McLoughlin and ANZ chair Paul O’Sullivan sell the benefits of the deal.

Why ANZ needs the Suncorp deal

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.

  • 1 hr ago
  • Jennifer Hewett

Financial advisers question Hostplus returns

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.

  • Aleks Vickovich and Lucy Dean
Suncorp says the sale of the banking arm will allow it to focus on insurance, which is increasingly affected by disasters like flooding this year.

Suncorp’s bank sale raises scrutiny on insurance arm

The bank sale might help Suncorp focus, but will investors close a historical discount against its insurance rival IAG?

  • Liam Walsh
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Suncorp boss Steve Johnston believes it’s the right time to sell the group’s bank.

ANZ deal delivers Suncorp three big wins

Suncorp has extracted a solid price for its bank from ANZ. But the biggest benefits of the deal stem from becoming a standalone insurer. 

  • Updated
  • James Thomson
Rich Lister Nick Politis has topped up his stake in Australia’s largest car dealership group Eagers Automotive.

Rich Lister Nick Politis tops up stake in Eagers Automotive

Car dealerships in Canberra previously owned by Mr Politis give Eagers a foothold in the ACT, where electric vehicle sales are rising faster.

  • Simon Evans
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What the ANZ, Suncorp deal means for shareholders

ANZ is seeking $3.5 billion from its shareholders to buy Suncorp’s banking unit. But how will the deal be done and is it a good one for its smaller shareholders?

  • Jonathan Shapiro

ANZ to buy Suncorp bank in $4.9b ‘cornerstone’ deal

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.

  • Updated
  • Liam Walsh, James Eyers and Ayesha de Kretser
Street Talk.

Listed explorer Marmota Limited in share placement

Listed South Australian explorer Marmota Limited was asking investors to tip in $5 million for work at its projects.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
Woolworths’ CEO Brad Banducci has snapped up digital out-of-home media business Shopper Media Group for $150 million.

Woolworths snaps up Shopper Media for $150m cash

The grocery giant is extending its retail digital media reach to better connect customers with the brands and products it sells.

  • Carrie LaFrenz

Soaring rare earths prices ease Lynas’ water problems

An unreliable water supply has once again hit Lynas’ Malaysian business, but the doubling of rare earths prices has papered over the cracks

  • Peter Ker
Silk Laser Clinics CEO Martin Perelman is on the front foot in an industry that is consolidating fast.

Botox company Silk Laser buys Victoria’s Unique Laser

Investors who bought into the Silk Laser’s float are feeling the pain, but the cosmetic injections group is on the expansion path.

  • Simon Evans
Elon Musk’s Tesla buys lithium from a Chinese company that is exploring for minerals in Xinjiang.

Lithium giant’s link to slave labour region puts Tesla in spotlight

The deepening connection between Ganfeng Lithium and China’s controversial Xinjiang region is set to draw more scrutiny from investors and consumers.

  • David Stringer and Annie Lee
Street Talk.

Macquarie, UBS launch ANZ Bank’s $3.5b raising

ANZ Banking Group shares won’t trade until Thursday, allowing time for the group to go cap in hand to shareholders with a $3.5 billion raising. 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
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Two infrastructure managers have split the sixth and likely final telco towers portfolio to be sold in the past 13 months.

InfraRed, Northleaf win Vodafone NZ towers auction

InfraRed Capital Partners and Northleaf Capital Partners have signed a $NZ1.7 billion deal to invest in telecommunications towers owned by Vodafone NZ. 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
Australian golfer Cameron Smith holding the famous Claret Jug after winning the British Open.

Cameron Smith just won the British Open with a spectacular comeback

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.

  • Darren Walton
Alex Pan has secured $500,000 in capital for his “Wordpress-alternative”, Storipress

WordPress rival raises $500,000 in seed funding

Start-up accelerator Startmate, Boson Ventures and Junkee Media co-founder Tim Duggan are all investing in this publishing newcomer that can help create a media company in one day.

  • Miranda Ward
Simon Rutherford

‘Like an accountant’: Businesses urged to audit digital marketing

Advertising veterans want SMEs to do a regular health check on their digital marketing efforts to make sure they are not getting ripped off.

  • Miranda Ward
Queensland Treasurer Cameron Dick said coal companies were experiencing record profits.

Coal miners mull Queensland class action

Some members of the Queensland coal sector want to test the state’s new royalty regime in court, but others fear it will be a waste of time and effort.

  • Peter Ker