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).
The cash released from 21st Century Fox’s BSkyB deal will help any further efforts for a Time Warner bid, enabling measures to support Fox’s share price and reduce the debt requirement of a revised offer.
The spectre of NAB's UK exposures appears to have diminished, but incoming chief executive Andrew Thorburn will still face challenges in selling off its non-core assets without destroying shareholder value.
Regulatory uncertainty surrounding the compensation Telstra is scheduled to receive in exchange for shutting down its fixed-line network could have big consequences for the telco and for the delivery of the NBN.
If Woodside's proposed buyback of Shell's residual shareholding is rejected, it would be a costly setback for Shell and a small embarrassment for Woodside directors, but there will be few implications for non-Shell shareholders.
BHP Billiton's productivity strategies appear to be paying off, with its low-cost, high-quality ore starting to drive out lower grade production in China. This could see the big miner wield more influence over prices in the long term.
Australian banks' disproportionate exposure to home loans is a source of weakness for the sector, but any changes to the system must account for the trade-offs between risk, competitiveness and efficiency.
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.
The woes of Portuguese bank Banco Espirito Santo have renewed fears about the structural weaknesses of the European banking system, which will remain a source of vulnerability until the ECB takes definitive action.
Scentre Group's raising illustrates the great attractiveness of overseas debt markets, in the window of time where central banks are weighing up the economic stability outlook and still leaning towards emergency-level interest rates.
Alcoa's prospects are starting to brighten as the fundamentals for the aluminium sector are moving towards a deficit of supply, while it also expands its exposure to high-value automotive and aerospace sectors.