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Amanda Bardwell is the chief executive of Woolworths. The company faces regulatory action in Australia and New Zealand.

Woolworths NZ faces criminal charges for allegedly misleading shoppers

The Commerce Commission was not satisfied that “specials really are special”, leading to legal action against the supermarket and its rival Pak’nSave.

  • Carrie LaFrenz
Shayne Elliott has been the chief executive of ANZ since 2016. He will retire from the bank next year.

Shayne Elliott’s rented Corolla wasn’t enough for ANZ in the end

The career banker took the top job in 2016, unwinding a failed regional expansion and wowing shareholders. Those shareholders are a bit less wowed now.

  • Updated
  • Jonathan Shapiro

Market broadening and a new chapter for emerging markets

The dynamics of equity markets are changing. The focus is shifting from the dominance of a few major tech companies to much broader market participation.

Sponsored 

by T. Rowe Price

Chris Stott’s 1851 Capital hires from Wilsons Advisory

Chris Stott’s small-caps funds management house 1851 has made its first hire in more than three years.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Foxtel’s UK suitor calls in Bank of America for advice

The group, backed by billionaire Len Blavatnik, is understood to be working with BofA’s telecommunications and media team.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Perpetual’s ATO ruling expected imminently

Perpetual has been seeking relief from the ATO to allow it to reorganise the business.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Opinion & Analysis

Bugger Spotify, I’m going to make my own playlist

Even by the internet’s grim standards, Spotify Wrapped is a wretched gimmick.

Tom Gatti

Contributor

The case against nuclear energy is convincing

Readers’ letters on the CSIRO’s latest assessment of nuclear power, antisemitism, big business and productivity, and safeguarding essential food supplies.

Contributor

The pluses and minuses of Elliott’s ANZ legacy

How the outgoing CEO’s tenure is regarded will hinge on the long-term outcomes of his two signature projects.

The AFR View

Editorial

The AFR View

Banks, insurers must do better on silent epidemic of financial abuse

There are the men who perpetrate financial abuse, but there are also the platforms which have for too long been unprepared to confront the damage they facilitate.

Deborah O'Neill

Labor Senator

Deborah O'Neill

Companies in the News

Commonwealth Bank

cba$156.575
 -1.76%

ANZ Bank

anz$29.600
 -1.43%

Woolworths

wow$30.170
 -0.23%

Macquarie Group

mqg$228.300
 -1.24%

Coles Supermarkets

col$18.950
 -0.32%

Goodman Group

gmg$37.830
 0.08%

Updated: Dec 10, 2024 – 11.05am. Data is 20 mins delayed.

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Featured

Mark Butler has a difficult decision to make.

Mark Butler’s health problem with no fix

The health minister is in the middle of an almighty fight between private hospitals and the health insurers, and he’s facing a difficult decision in the lead up to the election.

  • Michael Smith

A bitcoin convention in Sydney rings crypto alarm bells

Bitcoin is up almost 130 per cent this year and the US election result put a rocket under crypto. But there are still plenty of ways to lose money in an (unregulated) bull market.

  • James Eyers
Chris Ellison, Mineral Resources managing director.

Inside Chris Ellison’s brutal executive meetings

A whistleblower claims the Mineral Resources founder ordered a female lawyer to stand in front of a meeting and say, “I am a f--ing idiot”. He told another she “just needs a good f--k”.

  • Neil Chenoweth

More From Today

Rupert Murdoch outside a US court room earlier this year as he sought to change the terms of the family trust.

Rupert Murdoch loses bid to cement Lachlan’s control over News Corp

The billionaire business mogul, 93, had asked a Nevada court to change a family trust to have his eldest son oversee the media empire after his death.

  • Sam Buckingham-Jones
Mineral Resources chairman James McClements speaks at the AGM.

MinRes chairman’s private equity firm scores big cash gift

James McClements’ Resource Capital Funds was given a $116 million handout from Australia’s “green bank”.

  • Mark Di Stefano
It’s oh so tempting to settle for the algorithm’s choice.

Bugger Spotify, I’m going to make my own playlist

Even by the internet’s grim standards, Spotify Wrapped is a wretched gimmick.

  • Tom Gatti
WPP is poised to lose its spot as the world’s largest advertising company.

Omnicom to buy Interpublic in $20.6b deal

The merger of the two companies will create the world’s largest advertising company, taking that title from London-based WPP.

  • Fareed Sahloul and Mark Bergen

Yesterday

The case against nuclear energy is convincing

Readers’ letters on the CSIRO’s latest assessment of nuclear power, antisemitism, big business and productivity, and safeguarding essential food supplies.

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People lay flowers at the Adass Israel synagogue in Ripponlea on Sunday.

HSF in damage control after M&A partner’s ‘deeply offensive’ tweet

Herbert Smith Freehills has started an internal investigation after a tweet directed at Jeremy Leibler.

  • Mark Di Stefano
Mark Sowerby’s suit over the collapse of Blue Sky is not going well.

Blue Sky conspiracy case against hedge fund and Aston sputters out

An “embarrassing” and “scandalous” attempt to sue those deemed responsible for Blue Sky’s demise isn’t going well.

  • Myriam Robin
ANZ chairman Paul O’Sullivan (left) with incoming CEO Nuno Matos.

The pluses and minuses of Elliott’s ANZ legacy

How the outgoing CEO’s tenure is regarded will hinge on the long-term outcomes of his two signature projects.

  • The AFR View

Rio Tinto says carbon price pain justifies action on emissions

Carbon pricing schemes in Australia and Quebec mean almost half of Rio’s emissions are subject to penalty and would soon cost $940 million per year if not tackled.

  • Peter Ker
Former TPG chairman David Teoh.

Soul Patts launches $122m Tuas block trade; Jarden on ticket

Shares were priced at $6.10 per share – a 5 per cent discount to last close.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Big-hitting Juan Soto placed his name next to some of the greatest players in baseball history early on in his career.

Dominican slugger lands $1.2b record sports deal

Superstar Juan Soto made history after agreeing to the contract – the largest ever in professional sports – with the New York Mets, according to media reports.

  • Ronald Blum
Nuno Matos has worked at HSBC for several years, most recently in Hong Kong.

ANZ investors see new chief executive Nuno Matos as a clean slate

The bank appointed the former HSBC wealth boss to succeed Shayne Elliott over internal candidates. The Portuguese banker, 57, will take up the job next year.

  • Lucas Baird and James Eyers
People walking past a row of ATMs belonging to the four big banks.

Banks, insurers must do better on silent epidemic of financial abuse

There are the men who perpetrate financial abuse, but there are also the platforms which have for too long been unprepared to confront the damage they facilitate.

  • Deborah O'Neill
Sonic Healthcare chief executive Colin Goldschmidt has made a $700 million investment in Germany.

Sonic Healthcare to buy German lab group for $700m

Pathology giant Sonic Healthcare is buying one of Germany’s top medical lab groups as it seeks to expand its market share in Europe.

  • Michael Smith
ANZ chairman Paul O’Sullivan says he was “spoilt for choice” in selecting a new CEO.

What forced ANZ board to move on Elliott

Facing the prospect of an embarrassing protest vote at next week’s AGM, ANZ’s board is ringing the changes.

  • Anthony Macdonald
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Keyview Financial Group managing director Justin Lal is a Goldman Sachs alumni.

Goldman Sachs inks $100m funding deal with special sits lender Keyview

The Sydney-based firm private credit operator borrowed the new loan against the assets of its $500 million flagship fund.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

McKinsey pays $190m to resolve probes into South Africa bribes

The firm participated in a years-long scheme to bribe government officials in South Africa, according to US officials.

  • Stephen Foley
APRA chairman John Lonsdale has called time on popular bank hybrids.

APRA winds down $43b bank hybrid market, angering investors

The prudential regulator says other forms of capital are safer and make it easier for issuers to respond to future crises without bailing in retail investors.

  • John Kehoe and Jonathan Shapiro
Regal’s Phil King won’t be making Platinum great again any time soon.

This one word explains why Regal’s tilt at Platinum collapsed

The two companies are a long way apart on the merits of a tie-up, but both camps can agree on one thing. 

  • James Thomson
Plenary Group CEO David Lamming.

Plenary CEO avoids conviction after guilty plea

Two charges related to resisting and assaulting police were withdrawn after David Lamming’s guilty plea was accepted by the local court.

  • Max Mason and Zoe Samios