This Month
Soul Patts defies private credit jitters with 15pc returns
Soul Patts has made strong returns in its $1.6b private credit business and CEO Todd Barlow says he’s not afraid of investing where others will not.
Lightweight wheel maker Carbon Revolution falls into administration
The company employs 350 people at its Geelong plant, and had been listed on the ASX and Nasdaq. But falling demand for its products has created major strain.
Tiny house maker Elsewhere Pods seeks cash after Bunnings debut
It is the third pre-fabricated buildings deal to cross Street Talk’s desk this year, as housing stock shortages and rising construction costs fuel sector growth.
When it comes to smelter bailouts, being a ‘strategic’ asset helps
Boyne was the most logical aluminium smelter to save. The rationale for bailing out some of Australia’s other copper and aluminium plants is less sound.
Drone maker Innovaero prepares for ASX float, taps Euroz Hartleys
Street Talk understands the company was on display at Euroz Hartleys’ 26th annual conference at Rottnest Island.
Fashion industry’s plan to add $4b spin to old yarn
While Australian makers cannot compete with fast fashion, experts say they can get back on the sheep’s back.
Investment banking veteran John Wylie moonlights at BlueScope
The former Credit Suisse executive turned asset manager has long ties to the Australian steelmaking giant, which is fending off a $14 billion takeover bid.
The Inspired Unemployed’s Better Beer launches capital raising
The company is working with boutique corporate advisory firm Canterbury Partners to raise between $10 million and $15 million from new investors.
Short interest surged ahead of Wagners family sell-down
Short interest in the $841 million construction materials group rocketed ahead of a sell-down by family owners and directors earlier this month.
Smelter, mine court actions are double blow for Sanjeev Gupta
Workers at a manganese smelter in Tasmania and a coal mine in NSW owned by the industrialist face an uncertain future following legal moves on Friday.
BlueScope cops stinging attack from Korean partner over dumping probe
POSCO says BlueScope’s pursuit of tariff protection is at odds with its strong performance and higher payouts, which have attracted a $14.2 billion takeover bid.
Salter Brothers, Kilara Capital private equity JV powers up debut deal
The KSB transition fund has invested in an 80-year-old battery wholesaler as its inaugural deal.
How a NZ manufacturer scored five years of free rent to set up Aussie HQ
A $1 million prize lured companies from across the globe to the University of the Sunshine Coast, in a region north of Brisbane that has long been overlooked.
Suitors construct case for $3.2b Fletcher Building
Fingers were pointing to German giant Heidelberg Materials and Irish player CRH as two parties that could drive such a consortium.
February
Atomic wedgies make $14b takeover fight for BlueScope even spicier
The steel group feels bidders SGH and Steel Dynamics tried to push it into a corner with their latest bid for the company. Now it is pushing back.
BlueScope Steel rebuffs Stokes and bid partner, but leaves door open
The steel maker says the SGH and Steel Dynamics’ offer was effectively only $31 per share. But the board is prepared to talk if the bidders are open to lifting it.
Austal books profit rise, revenue jump despite auditor concerns
The country’s largest shipbuilder said it was confident of being paid after raising requests with the US Navy for additional funding for costly vessels.
AustralianSuper nudges BlueScope to give its bidders a fair hearing
BlueScope’s largest shareholder, AustralianSuper with a 13.5 per cent shareholding, is taking a slightly more diplomatic stance in round five of proceedings.
Can ‘white Grange’ save Penfolds from the global wine slump?
Consumers are moving away from fuller-bodied reds to lighter ones, as well as whites, and sparkling wines. That’s bad news for a once invulnerable wine brand.
Goldman Sachs gives Frydenberg his first deal
It’s been 10 years since the former treasurer was the best man at Ryan Stokes’ wedding. The pair’s latest dealings have a more business edge.
Stokes’ SGH, Steel Dynamics return with $14.2b bid for BlueScope
Investors say the higher offer should lead to friendlier negotiations, but the steelmaking giant is promising big returns if shareholders stay the course.
BlueScope unleashes rivers of gold to ward off suitors as profits rise
The country’s largest steel maker is pushing back on attempts by SGH Limited and Steel Dynamics to buy the business, pointing to a big earnings turnaround.
James Hardie steadies ship with profit lift, despite ‘choppy’ market
The building products company reported a 26pc lift in earnings for the December quarter, adding to a share price revival following the group’s turbulent 2025.
Tycoon’s $5b satellite suit seeks to rewrite NewSat narrative
A decade after the collapse of the would-be Australian space business, one of its largest investors is seeking an unusual restitution from lenders.
BlueScope set for $2 billion cash boost amid takeover tussle
The steel maker being hunted by Steel Dynamics and SGH will be spinning off cash worth an extra $5 per share by 2029, says Jefferies.
