A Brit recently transplanted from NYC to Melbourne. I cover the financial issues of climate & water risk for @breakingviews, among other issues.
Australia (National)
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Antony Currie consistently covers finance, investment analysis, and government announcements. His articles often cite data to support his insights into topics such as central banking, private equity, mergers & acquisitions (M&A), shareholder rights, and the impact of phenomena like El Niño on the economy.
Given this focus, Antony would likely welcome pitches from experts in finance with deep knowledge of specific industries or economic trends. He may also be interested in receiving information related to M&A activity or government policy changes that influence financial markets.
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Shemara Wikramanayake is retiring from the job after eight years with the $70 bln bank's stock near a record high. She provided a steady hand. But regulatory snafus linger and the firm recently lost a key valuation crown to Wall St. It'll be no cakewalk for successor Greg Ward.
Beijing is browbeating BHP and rivals to cut prices of the key steel ingredient while also developing ways to disintermediate them. It threatens earnings and Australia’s top export. Diversification, closer collaboration and faster decarbonisation are the best defence and offence.
By: Aimee Donnellan, Antony Currie
The Chinese-founded fast-fashion retailer has released financial details ahead of its long-awaited Hong Kong float. In this Viewsroom podcast, Breakingviews columnists explain how a pushback against its business model in the West may have collapsed the valuation to just $10 bln.
The UK bank is selling its consumer loans Down Under to Blackstone but closing the deposits business. The two units could be worth $2.6 bln based on Citi’s Antipodean sale. And local lenders need cheap funding. Why CEO Georges Elhedery is ditching them at a loss needs explaining.
Strong first-half earnings support the $370 bln bank's 35% stock jump this year, besting rivals like JPMorgan. A valuation over 2 times book implies CEO Georges Elhedery will keep returns high. Yet Chinese capital curbs and an odd Aussie exit suggest limits on further gains.
Australia's Austal looks ready to sell its US unit to Hanwha for up to $1.2 bln, two years after thwarting the South Korean firm's tilt at the whole company. A sale would probably bypass the need for Canberra's approval and be a boon for the US-Korea investment pact.
The buyout firm's infrastructure fund is set to buy Cleanaway, the country's largest waste management outfit. It throws out solid growth, which should ensure bagging a mid-teens return even with a 32% premium. Given its heaps of garbage nous, EQT can probably pile on more.
The $232 bln miner is flirting with its best valuation in a decade. Margins are rising, leverage is falling and new CEO Brandon Craig has several copper projects in the works that could further boost its market worth. Only good execution can overcome remaining investor reticence.
Rate hikes, tax changes, falling mortgage applications and more are raising fears of the biggest home price drop in 40 years. Yet the Big Four lenders like $188 bln Commonwealth Bank trade on healthy multiples. Unless there's a recession, low housing supply will limit the fall.
Ryan Stokes nearly secured his deal-tactician legacy with an $11 bln joint bid for BlueScope Steel. It would have set a domestic record but was too opportunistic. The scion's wile and patience as CEO of conglomerate SGH suggests another bold acquisition will surface before long.
