6+ hour, 15+ min ago   (126+ words) AFR Neocloud hopeful Firmus Technologies is targeting as much as $7 billion for its initial public offering, as it kicks off a roadshow overseas before putting deal terms to Sydney and Melbourne investors next week. Fund managers registering to attend IPO…...

6+ hour, 58+ min ago   (75+ words) AFR Up to 600 workers at the Whyalla steelworks will be made redundant after administrator KordaMentha and the South Australian government decided to abandon attempts to restart the ageing blast furnace. KordaMentha has been operating the Whyalla steelworks since February last…...

10+ hour, 13+ min ago   (93+ words) AFR Up to 600 workers at the Whyalla steelworks will be made redundant after administrators KordaMentha and the South Australian government decided to abandon further attempts to restart the ageing blast furnace, which has not been operating since April. KordaMentha have…...

10+ hour, 33+ min ago   (81+ words) AFR Mark Cutifani, a one-time lead candidate to replace Richard Goyder as chairman of Woodside, has quit the board of the country’s largest oil and gas producer. The sudden departure comes just six months after the former Anglo American chief…...

16+ hour, 31+ min ago   (95+ words) AFR Commonwealth Bank is ratcheting up the pressure on financial regulators to rein in Macquarie’s use of a corporate structure it alleges provides an unfair competitive advantage, after commissioning economic analysis to show how the arrangement supports Macquarie’s rapid growth…...

15+ hour, 21+ min ago   (99+ words) afr.com A former prominent Sydney banker linked to the collapse of an $833 million hedge fund had previously pitched another foreign exchange trading strategy to investors that projected annual returns of 30 per cent with minimal downside risk. A former business…...

16+ hour, 21+ min ago   (85+ words) AFR Recently departed Reserve Bank board member Ian Harper has revealed that nearly one-third of monetary policy decisions over the past decade were split votes, challenging long-held assumptions of central bank unanimity. Harper said there was “very vigorous” debate among…...

1+ day, 4+ hour ago   (97+ words) afr.com Australia’s stock pickers have been told they must adapt or die as superannuation funds allocate more money to cheaper index-tracking quantitative and passive funds, and threaten their rock-star standing in Australia’s $3.3 trillion public equity market. After a shocking…...

1+ day, 2+ hour ago   (115+ words) AFR Toronto-listed Element Fleet Management Corporation has pulled out of the auction for FleetPartners, one of Australia’s largest providers of leased cars which was put into play in July. Element, advised by JPMorgan, is the only FleetPartners’ suitor to not…...

1+ day, 2+ hour ago   (99+ words) AFR Two super funds, an asset consultant and four fund managers debate whether Australia’s public equity markets and its biggest players are working as they should. Big superannuation funds have built in-house equities teams and shifted huge amounts of money…...