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    Viburnum Funds managing partner Craig Coleman.

    Viburnum Funds sets sights on Coventry Group breakup

    Fluids spoke for about 43 per cent of the group’s total $371.3 million revenue in the 2024 financial year.

    • 26 mins ago
    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Beach Energy CEO Brett Woods has had to break bad news to investors in his first full-year earnings call.

    Beach shares plummet as new gas field reserves slashed

    The downgrade of the size of the Enterprise gas field in Victoria has shaken the market, with analysts worried about other new projects.

    • 49 mins ago
    • Angela Macdonald-Smith

    Nature’s Care sale docs in front of potential buyers; NBIOs due Sept 6

    Although the company returned a $23.7 million operating profit in 2023, it has struggled under a heavy debt load and missed a $148 million debt payment last month.

    • 1 hr ago
    • Sarah Thompson, Kanika Sood and Emma Rapaport

    Competition regulator delays $8.8b Chemist Warehouse deal approval

    The ACCC is undertaking more analysis of the transaction, which would merge the pharmacy giant into Sigma Healthcare. A decision won’t be made until October.

    • 1 hr ago
    • Michael Smith

    Aurizon investors get $150m buyback after profit bump

    Income from coal haulage helped lift annual profit by 25 per cent, but losses from moving consumer goods dragged down the full-year result.

    • Jenny Wiggins

    First Sentier talent lands at Ellerston Capital

    Street Talk understands Ashok Jacob’s firm has added First Sentier portfolio manager Jack Briggs to its ranks.

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    Opinion & Analysis

    Like a French film, it was genius and difficult, but a fitting end

    The closing ceremony was slow, and some people walked out, but the fans stayed until the end and only the Hollywood part was a bit off.

    Matthew Drummond

    AFR Magazine editor

    Matthew Drummond

    EVs sales splutter, but not this group’s offshore expansion strategy

    CAR Group’s big move in the US came at a time of rising rates and softening consumer demand. It still worked.

    Chanticleer

    Columnist

    Chanticleer

    JB Hi-Fi’s results weren’t great. Here’s why its stock still soared

    The retailer’s stunning share price surge shouldn’t distract investors from the pressure we’re seeing on profit margins as the economy slows.

    Chanticleer

    Columnist

    Chanticleer

    Paris 2024 was the Olympic Games of the new era

    The city of light has shown it’s not only possible to adapt to change while remaining true to yourself, it’s a necessity.

    Tracey Holmes

    Sports journalist

    Tracey Holmes

    Companies in the News

    Qantas

    qan$5.965
     0.59%

    BHP Group

    bhp$40.690
     -0.42%

    Macquarie Group

    mqg$204.060
     1.17%

    Rio Tinto

    rio$114.990
     -1.27%

    Updated: Aug 12, 2024 – 1.52pm. Data is 20 mins delayed.

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    View stories and data from an ASX listed company

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    Featured

    Inghams director Tim Longstaff said he opposed 24-hour trading at a proposed GYG in Sydney suburb of Mosman.

    Inghams director warns: Guzman y Gomez store will attract ‘riff-raff’

    Behind the minor fracas is a bigger question about whether the country’s biggest poultry producer can continue to squeeze big profits from fast food chains.

    • Jemima Whyte
    PwC Australia CEO Kevin Burrowes

    The PwC players, the blowback and why it could all happen again

    Many current and former PwC partners still don’t believe the tax leaks scandals involved any serious wrongdoing, and regulators can’t be sure there will not be a repeat.  

    • Edmund Tadros
    Joe Schmidt with Laurie Fisher bring a wealth of experience to the Wallabies.

    Why the stars are finally aligning for the Wallabies

    Australia’s challenge against South Africa on Saturday is huge, but coaching changes and new rules designed to speed up the game bode well for the Wallabies.

    • Simon Poidevin

    More From Today

    French indie rock band Phoenix perform during the Closing Ceremony of the Paris 2024 Olympic Games.

    Like a French film, it was genius and difficult, but a fitting end

    The closing ceremony was slow, and some people walked out, but the fans stayed until the end and only the Hollywood part was a bit off.

    • 2 mins ago
    • Matthew Drummond
    CAR Group boss Cameron McIntyre (right), with David McMinn who runs US-based Trader Interactive.

    EVs sales splutter, but not this group’s offshore expansion strategy

    CAR Group’s big move in the US came at a time of rising rates and softening consumer demand. It still worked.

    • 48 mins ago
    • Anthony Macdonald
    Terry Smart is one of Australia’s best retailers, but the economy is not running in his favour.

    JB Hi-Fi’s results weren’t great. Here’s why its stock still soared

    The retailer’s stunning share price surge shouldn’t distract investors from the pressure we’re seeing on profit margins as the economy slows.

    • James Thomson
    A coal seam gas drill near Dalby in Queensland. Arrow Energy, a joint venture with Shell and PetroChina, is working in the area.

    Shell, PetroChina to expand massive Surat coal seam gas project

    The investment, expected to cost billions of dollars, will supply export customers and the domestic market, where regulators have warned of looming shortages.

    • Angela Macdonald-Smith
    JB Hi-Fi CEO Terry Smart.

    JB Hi-Fi looks for growth and rewards investors amid resilient sales

    The major electronics and consumer goods retailer will move into the commercial builder market with the purchase of kitchen and bathroom group E&S Trading.

    • Carrie LaFrenz
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    Back row from left: Ariarne Titmus, swimming; Arisa Trew, skateboarding; Jessica Fox, canoe. Front from left: Saya Sakakibara, BMX, Grace Brown, cycling. PHOTOS: AP, GETTY

    Paris 2024 was the Olympic Games of the new era

    The city of light has shown it’s not only possible to adapt to change while remaining true to yourself, it’s a necessity.

    • Tracey Holmes
    Sports writer and podcaster Gideon Haigh believes there’ll be a market for loyal cricketing readers.

    Haigh and Lalor eye a longer boundary for cricket writers

    Gideon Haigh and Peter Lalor spent decades reporting on the sport. Now they’re hoping readers will pay for specialised coverage with Cricket Et Al.

    • Sam Buckingham-Jones
    Former NSW treasurer Matt Kean is joining Wollemi Capital. He is pictured with Wollemi’s co-founders Tim Bishop and Paul Hunyor, and chief financial officer Catherine Webb.

    Tim Bishop’s Wollemi Capital hires former NSW treasurer Matt Kean

    The former state Liberal deputy leader and energy minister was appointed chairman of the federal government’s Climate Change Authority less than two months ago.

    • Kylar Loussikian
    David Lyall is the managing partner of Millwood, a major non-bank lender.

    Overdue loans swamp private credit giant lending to Sydney’s wealthy

    The local lender has previously written loans for some of Sydney’s most colourful businessmen. Growing arrears aren’t always made clear to its investors.

    • Primrose Riordan, Aaron Weinman and Jonathan Shapiro
    Optus is in an increasingly acrimonious dispute with the owner of its network infrastructure, AustralianSuper.

    Optus falls out with its mobile towers investor AustralianSuper

    The country’s largest super fund acquired a controlling stake in the telco’s infrastructure business for almost $2 billion in 2021. But relations have since soured.

    • Aaron Weinman and Jenny Wiggins
    BHP chief executive Mike Henry   has called for a “comprehensive competitive agenda”.

    Union iron ore claim poses risks for green superpower hopes

    Let’s hope for the sake of Australia’s energy transition that we don’t return to the bad old days of industrial disruption in the Pilbara.

    • The AFR View

    Yesterday

    BHP and Rio Tinto iron ore mines in the Pilbara have been largely de-unionised for decades.

    BHP forced to negotiate in new push to unionise Pilbara

    Unions have forced BHP to the negotiating table and are demanding Rio Tinto do the same, a big breakthrough in their attempts to re-unionise the country’s biggest export industry after decades on the sidelines.

    • Brad Thompson
    Inghams director Tim Longstaff said he opposed 24-hour trading at a proposed GYG in Sydney suburb of Mosman.

    Inghams director warns: Guzman y Gomez store will attract ‘riff-raff’

    Behind the minor fracas is a bigger question about whether the country’s biggest poultry producer can continue to squeeze big profits from fast food chains.

    • Jemima Whyte
    Domain CEO Jason Pellegrino.

    REA’s success exposes shrinking Domain

    The growth engine for Nine Entertainment, property classifieds platform Domain, has not been firing – and is losing ground to News Corp-controlled REA Group.

    • Sam Buckingham-Jones
    TV networks say betting logos on jerseys should be included in a gambling ad crackdown.

    Networks seek legal advice as gambling signs evade ad ban

    The government has told networks it cannot block betting companies from advertising on sports jerseys or around sporting grounds. Broadcasters disagree.

    • Sam Buckingham-Jones and Ronald Mizen
    Advertisement
    Metcash bought the 15 per cent of Total Tools it didn’t already own in November.

    Shareholders move against Metcash as hardware spin-out hopes fade

    Street Talk understands influential shareholders harbouring concerns about Metcash’s Independent Hardware Group as Wesfarmer’s Tool Kit Depot ramps up its national expansion.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Magellan executive chairman Andrew Formica and new recruit Sophia Rahmani, who will take over as chief executive.

    Magellan fund redemptions put shareholders on edge

    Anxious shareholders were rattled by the $800 million in funds under management that walked out the door from the Magellan Global Fund in July.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Plumbing supplies business Tradelink has a new owner.

    Fletcher Building sells Tradelink to one of America’s richest families

    Blackfriars is controlled by the secretive Colburn family, and was self-advised. 

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Waterpolo player Tilly Kearns has half a million followers on TikTok.

    How female Olympians are boosting their popularity without media help

    Enthusiasm for lesser-known sports tends to die off at the end of each Olympic Games but some women are doing their own promotion.

    • Lucy Slade