News
Don't let them steal our cheese': Shareholder pushes for Perpetual split
7+ hour, 46+ min ago (104+ words) AFR A longtime backer of Perpetual wants to see the 140-year-old financial services giant split up and listed as two separate entities, urging the board to act before shareholder value is transferred to private equity on the cheap. A star…...
Stay independent or go global: Which model should law firms bet on?
9+ hour, 11+ min ago (107+ words) AFR In the race for riches, which model will win: merging with an offshore bedfellow, or doubling down on an "independent" Australian offering? Every law firm wants to be " and stay " in the top tier. But how? For a narrow…...
Ex-Wall Street deal maker returns to target Australian mid-market PE
1+ hour, 30+ min ago (102+ words) AFR A deal maker who spent the last eight years on Wall Street has returned to Australia to establish a new firm focused on what he's calling old-fashioned private equity. Jonathan Cutting, founder, 2nd Summit Capital." David Larocca was supposed to…...
ABL partner courtside for National Basketball League in Switzerland
1+ hour, 52+ min ago (29+ words) AFR It's Swiss chocolates and fondue for Arnold Bloch Leibler partner Raphael Leibler. NBL owner Larry Kestelman. Getty Images...
Record wave of ETFs flood the ASX, with more to come
5+ hour, 1+ min ago (103+ words) AFR A wave of new exchange-traded funds are flooding the sharemarket as firms jump on the soaring demand from retail investors looking for a cheap and tax-effective way to access some of Australia's top fund managers. For the 2026 financial year,…...
PM lauds Hastie, taunts Taylor and claims victory on the budget
2+ hour, 23+ min ago (90+ words) AFR Anthony Albanese has joined the pile-on over Angus Taylor's leadership by suggesting it was not helped by his speech to parliament's annual Mid-Winter Ball on Wednesday which fell flat, even among Liberal colleagues. While the leaders' speeches to the…...
Labor's $3. 6b uni equity push "not enough' to reverse falling demand
2+ hour, 41+ min ago (78+ words) AFR Labor's $3. 6 billion plan to boost university access for lower socioeconomic students will not be enough to reverse a years-long downward slide in demand, says a new industry alliance, as the Coalition accuses the education minister of an unprecedented power…...
Global fund ready to back renewables as data centre roll-out builds
2+ hour, 48+ min ago (124+ words) AFR US funds giant PGIM Real Estate has earmarked a portion of the $12 billion global data centres fund it is building out in Australia and other world markets for investment into the renewable energy projects that will be needed to…...
Money laundering, bribes and rip-offs rife in NDIS
3+ hour, 19+ min ago (89+ words) AFR Organised crime syndicates are targeting the NDIS and providers bribe participants with cigarettes and alcohol in widespread rorting costing the scheme $3. 7 billion a year, a Labor-backed parliamentary committee into the National Insurance Disability Scheme has found. The committee's report,…...
Firmus faces backlash over "inadequate" green power pledges
3+ hour, 42+ min ago (94+ words) AFR Pledges made by data centre developer Firmus to support the build-out of energy storage fall far short of what it would need to back up its own operations, raising the risk of power shortages and price spikes, energy experts…...