ASX profits slashed at fastest pace since COVID amid recession fears
Within just four months, analysts have halved their earnings forecasts for the financial year to just 7 per cent.
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Chronological feed of stories from The Australian Financial Review (AFR)
Within just four months, analysts have halved their earnings forecasts for the financial year to just 7 per cent.
Failed businessman Jon Adgemis was being questioned by liquidators in the Federal Court following the $1.8 billion collapse of Public Hospitality Group.
Yarra’s ownership shake-up comes amid a generational change among several fund managers who commanded newspaper headlines and ECM deals over the past decade.
Hedge fund Regal has formalised portfolio management responsibilities across eight funds ahead of Phil King’s retirement.
The latest acquisition builds on 2nd Summit Capital buying the country’s largest manufacturer of automotive exhaust systems and component MPI Automotive.
Business & Economy
An investment boom makes a recession less likely, but it complicates the RBA’s inflation task by competing for stretched worker and construction capacity.
The midterms will probably unlock some mayhem for investors. But Trump can keep the bull market running into 2027. After that, it becomes complicated.
The pension fund-backed asset manager said that it has to pay “globally competitive” wages to attract the best people.
The RBA’s renewed sense of urgency is important and well-founded. It has finally started to walk the walk, not just talk the talk.
Unless the treasurer and the expenditure review committee get serious about real savings in the MYEFO, the central bank could be forced to raise rates again.
The deal, struck at about six-times earnings before interest, taxes, depreciation and amortisation, saw Vaughan paid 50-50 in cash and Walker Lane stock.
The Australian dollar fell and bonds rallied after the fifth rate rise this year. But a split vote has traders betting the central bank is done and dusted.