Latest
Coles abandons $4b Greencross deal after investor backlash
The supermarket operator has ceased discussions to acquire pet care company Greencross after more than nine months of negotiations.
How the Iran war pushed regional flying to breaking point
A combination of old planes and soaring fuel prices threatens to cut off air travel for three million regional Australians by 2030.
Famous jeweller pursued in court for $1.5m alleged tax debt
The tax pursuit comes just months after the iconic luxury retailer announced plans to overhaul its operations and close its Hay Street showroom.
Telstra ignored software update that led to national outage
Microchip Technology warned its global customers – including Telstra – that its network clocks could reset this year without a key software update.
KPMG partner removed from Westpac audit, leaves firm
Kim Lawry had already been fined $19,000 for viewing confidential Lendlease board papers before KPMG’s pitch for Westpac’s audit file.
Corporate Travel’s legal chief quits as accounts deadline looms
The embattled travel agent’s chief legal representative and secretary, Shelley Sorrenson, has resigned, adding to its woes as it bids to stave off insolvency.
Opinion & Analysis
This $2.5b takeover bid will self-destruct in five, four, three ….
Swedish private equity giant EQT has created a fresh drama for Perpetual with a self-destructing bid designed to pressure punch-drunk investors.
Columnist
The Pilbara is paying the price for Labor’s union agenda
Government policy and unnecessary industrial action risk ruining the winning formula that has worked so well for everyone.
Minerals Council CEO
What the new KPMG hearing could look like
What have we learned from the KPMG drama? Beware the light-touch, confidential investigation. Plus, there’s another hearing due – here’s who could be called up.
Professional services editor
Why Jamie Dimon says this is ‘as good as it gets’
Records are being smashed at Goldman Sachs and other big Wall Street banks as the AI boom powers feverish market activity. But JPMorgan Chase’s CEO is worried.
Columnist
Featured
Inside Project Magenta: How Allens gave KPMG a pass on leaks
The law firm cleared the company of partner misconduct without interviewing a single outsider and using a literal reading of the allegations.
Active funds management’s great unravelling has hit Peter Cooper hard
His company, which once managed $14 billion, is being ravaged by underperformance and is also dealing with high staff turnover and external forces.
KPMG’s crisis circuit-breaker triggers a fresh disaster
New chair Michael Ebeid’s day one disaster has infuriated partners and exposed deep fractures, yet KPMG’s hunt for a new CEO leaves him temporarily safe.
More From Today
‘Climate of fear’: Macquarie staff take aim at investment banking arm
Macquarie Capital employees have written to the board to complain about “unacceptable conduct” by managers in the high-profile division.
Listed renewables developer Frontier Energy closes in on $280m debt
The deal, arranged by Azure Capital and Clayton Utz, is subject to confirmatory due diligence and will meet the construction bill of Frontier’s Waroona project.
Gina Rinehart’s poolside remote work on the iPad
The mining billionaire’s meeting with Pauline Hanson was preceded with serious working-from-anywhere.
Yesterday
How the GLP-1 boom is reshaping supermarket trolleys
Food retailers may have to drastically rethink shopping behaviours, with an estimated three in 10 Australians projected to use the drugs, which suppress appetite, within the next decade.
KPMG CEO race narrows to three internal finalists
As three men interview for KPMG’s top job, Treasurer Jim Chalmers has ordered ASIC to toughen regulations for the big four firms.
EQT plays games with Perpetual’s board – and gets burnt
EQT has returned with a paltry 2 per cent bump and – more annoyingly – asked the board not to disclose its latest bid.
Melbourne Storm’s owners tap Jefferies to sell partial stake
The investment bank is currently running point on negotiations with several potential bidders.
Telco bosses torch Anika Wells
Not even a senate hearing is enough to scare the sector off a political roasting.
Acorn Capital sells Dredge Robotics stake to Perth family office
Verona Capital is the family office of Craig Burton, and is understood to have syndicated its circa 75 per cent stake to investors.
World Cup a rare bright spot for retailers as sales slump
Decathlon ball and jersey sales increased 50 per cent during the FIFA World Cup and Portugal jerseys sold out two weeks before the team played a game.
Future Fund and friends hit home stretch in Ausgrid’s $3b meters sale
With one of 2026’s biggest M&A deals down to two horses, all bets are on the Future Fund, Morrison and Aware Super consortium bringing home the cup.
Reality bites BHP’s copper boom as volumes set to slump
The global miner’s push into what it calls “future-facing” minerals has been dealt a blow, with operational problems and ageing mines hurting output.
Macquarie Technology secures land for $3b Sydney data centre
The ASX-listed company is acquiring more than eight hectares to build a new 200-megawatt server hub on the north shore in its biggest development to date.
Former Gupta smelter to close after failing to attract a buyer
More than 200 workers will lose their jobs after a consortium engaged to take over the Tasmanian manganese plant pulled out of the deal.
Corporate Travel Management admits underpaying staff $2.4m
The embattled travel agent has apologised for historical payroll errors in Australia and New Zealand as it scrambles to secure its financial survival.
Demand for mortgages slumps in June as tax changes, rates bite
Equifax’s latest data on demand for mortgages points to a worrying decline in activity – not only from property investors but from first-time buyers too.
Coles challenges ACCC’s first use of new powers
The supermarket says a decision to block a new supermarket and liquor site in Kalgoorlie sets a worrying precedent for future developments.
This $2.5b takeover bid will self-destruct in five, four, three ….
Swedish private equity giant EQT has created a fresh drama for Perpetual with a self-destructing bid designed to pressure punch-drunk investors.
Foxtel hikes cable prices days after bumper NRL deal
Foxtel Plus and Foxtel Platinum Plus will cost an extra $5 a month from September, as consumers continue to get hit with price increases for TV subscriptions.
The Pilbara is paying the price for Labor’s union agenda
Government policy and unnecessary industrial action risk ruining the winning formula that has worked so well for everyone.
