The investigation into potential misconduct at the non-bank lender comes after talks with parties, including Macquarie, about acquiring its commercial unit.

#humm

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NextDC board hires bankers for potential takeover battle

Business & Economy

1w ago

NextDC board hires bankers for potential takeover battle

The data centre group has tapped Barrenjoey and UBS as advisers on any potential approach after its shares were raided by Goodman Group and its US partner.

#goodman #australia #york

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Woodside to cut over 500 jobs in $570m cost purge

Business & Economy

1w ago

Woodside to cut over 500 jobs in $570m cost purge

The oil and gas producer will reduce almost $600 million in annual costs starting in 2028 and is reforming its dividend policy.

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Goodman, Digital Realty grab 7.5pc of NextDC in aftermarket raid

Business & Economy

1w ago

Goodman, Digital Realty grab 7.5pc of NextDC in aftermarket raid

However, it is unclear if the duo hit its goal of building a 9.9 per stake in NextDC.

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A stinking year for Sohn stock pickers but hope remains

Business & Economy

1w ago

A stinking year for Sohn stock pickers but hope remains

Our index of the nine stock tips made at last year’s Sohn conference lost 9.5 per cent. It’s a long way from Hamish Douglass Apple stock pick 10 years ago.

#sohn #conference

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NAB lifts credit charges, cash profit down 13pc amid economic pressure

Business & Economy

1w ago

NAB lifts credit charges, cash profit down 13pc amid economic pressure

Australia’s largest business bank pointed to cost pressures posing a material risk to the economy.

#nab #australia

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Gridlock is Goldilocks for markets. But three midterm risks loom large

Business & Economy

1w ago

Gridlock is Goldilocks for markets. But three midterm risks loom large

The election result should remove the “insanity premium” investors have been forced to build into their calculations. Dangers still lurk, though.

#goldilocks #election #musk

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Business & Economy

1w ago

John Kehoe

The Albanese government needs a circuit breaker, but it can’t change course from its broken economic model because to do so would be an admission of past sins.

#albanese

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‘Chickens coming home to roost’: 70pc of inflation surge homegrown

Business & Economy

1w ago

‘Chickens coming home to roost’: 70pc of inflation surge homegrown

Business groups say their analysis shows inflation is largely driven by domestic factors. It wants the rate of government spending growth more than halved.

#chickens #inflation #australia

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RBA rates have peaked but relief still a year away, say economists

Business & Economy

1w ago

RBA rates have peaked but relief still a year away, say economists

A snap poll of expert forecasts showed that the cash rate has likely hit the top at 4.85 per cent, but Australia is not out of the woods yet.

#rba #australia

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Zenith labour hire splashed money on pool, guns and palm trees

Business & Economy

1w ago

Zenith labour hire splashed money on pool, guns and palm trees

Liquidators have revealed the major labour hire firm paid for a string of items similar to those included in pricey home renovations in the years before the business collapsed owing millions of dollars in taxes.

#zenith #workforce

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Why headline fees don’t tell the whole story on ETFs

Business & Economy

1w ago

Why headline fees don’t tell the whole story on ETFs

Investors have embraced ultra-low management fees, but some fund managers argue true costs depend just as much on other factors.

#australia

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