Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
Paul Zahra’s resignation from David Jones makes a lot of sense from Woolworths’ point of view. The group can now focus on seamlessly executing its overhaul of the retailer's strategy, with all senior executives on the same page.
The government may be looking to take advantage of the strong IPO market by fast-tracking its float of Medibank Private, while 21st Century Fox makes a play to become the world’s biggest media company.
Resounding shareholder approval for Woolworths' bid for DJs will likely diminish the prospect of ASIC intervention in spite of concerns over collateral benefits, while Solomon Lew will walk away with a tidy profit.