Australia Financial News

07.08 / 19:21

Citi Aware Strategy Parke Big Super is putting together a plan to get into (big) freight

A new $400 million freight hub on the outskirts of Melbourne backed by Aware Super aims to steal market share as superannuation funds try to capitalise on billions of dollars of government spending on rail networks.

07.08 / 19:21

Target FIVE Compilation CAT show Cat out of the bag: $104 million-a-year VetPartners sends sale flyer

One of the country’s largest veterinary chains, VetPartners, is on the market – the latest in an industry that’s been rapidly consolidating and increasingly of interest to institutional investors.

07.08 / 19:21

UPS Pool UBS Allens looks within to promote Vijay Cugati to head of M&A

Top-tier law firm Allens has tapped its internal talent pool to anoint a new head of M&A and capital markets.

07.08 / 18:47

Provident Reuters UBS Credit Suisse to cut 80% of Hong Kong investment bank jobs: Report

Credit Suisse in Hong Kong is likely to be laid off this week, as part of the bank's integration with UBS Group, Reuters reported on Monday. Only 20 bankers out of the 100-strong investment banking team will be spared from the cuts, the Reuters report said, citing sources familiar with the matter. Hong Kong houses the largest share of Credit Suisse's investment bankers in Asia.

07.08 / 16:17

Booking Waters HSBC UBS star The UBS-Credit Suisse union has unsettled private banking

Credit Suisse Group’s crown jewel is its wealth management business in Asia, judging by the tremendous personnel effort its acquirer is making. UBS Group plans to retain most of Credit Suisse’s relationship managers in the region, while cutting more than half of its smaller rival’s 45,000-strong workforce worldwide. Bonuses are being dangled for private bankers with growing client books.

07.08 / 15:57

UPS Provident Lowe's Target Airlines Bain Capital's $551 million bid sends Estia Health shares to near 5-year high

By Rishav Chatterjee and Scott Murdoch

07.08 / 11:47

CEO People moves Business roles FE fundinfo names Liam Healy CEO

Healy was managing director and senior vice-president of Diligent for over six years.

07.08 / 09:29

UPS Progressive McDonald's CEO Chalice questions critical minerals tie with Indonesia

Kalgoorlie | The Tim Goyder-backed Chalice Mining was surprised by the Albanese government’s move to work with Indonesia on critical minerals supply chains given the South-East Asia nation competes with Australian nickel producers and has an inferior record of environmental oversight.

07.08 / 09:29

UPS FIVE CEO Airlines love performer Qantas shares could slide 30pc after boom, Angus Aitken warns clients

Qantas shares could fall 30 per cent as the airline faces hefty spending on aircraft and its once-loved brand is tarnished by poor customer service, high-profile stockbroker Angus Aitken has warned his clients.

07.08 / 09:29

BLOCK Citigroup ANZ Morningstar NOT Suncorp investors want cash, not scrip, if Bendigo comes knocking

Suncorp shareholders and analysts are wary that Bendigo & Adelaide Bank could offer a compelling alternative for its banking arm compared to ANZ’s $4.9 billion all-cash takeover bid.

07.08 / 08:19

FIVE CEO RIO voice rock Lithium boss calls for clarity amid WA heritage law debacle

Kalgoorlie | Pilbara Minerals chief executive Dale Henderson says West Australian companies are desperate for clarity as the WA government prepares to scrap new Aboriginal cultural heritage laws.

07.08 / 08:19

awards Solomonic country beautiful cover exclusive Fortescue, WA should pay for land ‘devastation’, court hears

The Yindjibarndi people are entitled to compensation for economic and cultural or spiritual loss from Fortescue Metals or the West Australian government over mining on their land in the state’s northwest, the Federal Court has been told.

07.08 / 08:19

UPS Racing Pool ANZ Fantasy sports start-up seeks fresh funds; big-name investors saddle up

A fantasy sports developer and gambling newcomer with a register of high-profile backers has kicked off a search for fresh funding, calling in advisers from Henslow.

07.08 / 08:19

COST Citi Target BLOCK Lawson social It’s easier to build a freeway than a wind farm in Victoria

Andrew Lawson, who runs the Australian branch of Italian renewable energy company Fera after playing a key role in the development of Melbourne’s City Link road project, says it’s much easier to build a freeway in Victoria than a wind farm.

07.08 / 08:19

COST Align Slash Bunnings to slash 100 New Zealand head office jobs

Bunnings will cut 100 jobs from its New Zealand head office in a bid to become more efficient at a time when consumers are slowing their spending and seeking lower prices.

07.08 / 08:19

COST UPS CEO Align Enterprise performer Finding EnergyAustralia partner ‘takes time’: CLP CEO

EnergyAustralia’s parent company is still in discussions with potential partners for the business after Macquarie Group walked away, but chief executive Richard Lancaster says the solution may turn out to be deals at a project level rather than for the company as a whole.

07.08 / 07:43

UPS Provident FIVE country Who is keeping coal alive?

consign coal to history". As recently as 2020 the iea believed consumption had peaked a decade ago. Yet King Coal looks brawnier than ever.

07.08 / 06:09

COST Target FIVE Ford awards Liontown snares Western alliance solution to funding shortfall

Kalgoorlie | Liontown Resources has won backing from a coalition of government finance agencies in Australia, South Korea and the US to bridge a $300 million funding shortfall for its flagship lithium project in Western Australia.

07.08 / 05:15

Provident Remark stage England vs Nigeria, Australia vs Denmark: Women’s World Cup matches today; when and how to watch

There are two matches to be played on August 7. Let’s have a look at both of them. England are coming to the Round of 16 with a spotless record in the group stages.

07.08 / 04:09

COST Citi analysts Analysts sceptical about Incitec Pivot fertiliser biz sale

Incitec Pivot might be edging closer to selling off its Australian fertilisers business – with Indonesia’s Pupuk Kaltimunderstood to be the preferred bidder – but Morgan Stanley isn’t so sure it’s going to sail through.

07.08 / 02:41

Lowe's Apple NIFTY Nikkei KOSPI Indian share price fall Gift Nifty, weak Asian markets to fall in Apple share price - key triggers for the Indian stock market today

unemployment rate was at a historically low level of 3.5%, below June’s 3.6% figure. MSCI’s broadest index of Asia-Pacific shares outside Japan traded little lower. The index lost 2.3% last week.

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