Stephen Bartholomeusz

A remarkable parcel of smiles for Caltex

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The biggest block trade in the Australian sharemarket’s history will also free up Caltex’s options for rewarding local shareholders.

Tech’s challenge to the banks comes with risks

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While peer-to-peer platforms pose risks to the bottom line of traditional lenders, there are also questions about how these firms will perform in a higher-rate environment.

A cautious approach is needed on bank capital

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The smaller banks are pushing for regulation that enhances their competitiveness and handicaps their bigger rivals -- but there will be national economic implications.

Fortescue needs an iron ore history lesson

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Unlike Fortescue, BHP and Rio have been around long enough to know costs determine survival, regardless of external circumstances.

Why the ACCC was so quick to leap on Twiggy

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Plausible or not, Rod Sims had no choice but to take Andrew Forrest seriously when he called for the world's major iron ore producers to cap their production.

How Twiggy revealed Fortescue's vulnerability

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Andrew Forrest's misguided call for a cap on iron ore production is unlikely to gain traction with low-cost miners, and only highlights Fortescue's desperation amid falling prices.

Making sense of Myer's market controversy

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Myer's response to an ASX query after the revision of its earnings guidance highlights the numerous grey areas within Australia's continuous disclosure regime.

TPG's iiNet bid is on the money

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In an all-cash offer, the only thing that matters is the price -- and TPG's $1.4 bn bid for rival iiNet is pretty compelling.

Orica hopes for calm after the storm

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Orica's swift appointment of Alberto Calderon as interim chief executive should help stabilise the company after the turbulence of Ian Smith's tenure.

A Premier performance should satisfy Lew

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Myer is an interesting option for Solomon Lew, but the strong performance of his Premier Retail brands suggests there's no rush to make a move.

BHP's South32 has the potential to shine

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Equipped with a conservative balance sheet and a solid earnings base, South32 looks to have strong foundations -- and it could prove attractive as a takeover target.

The insidious trend crippling Myer

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Trapped in a destructive cycle of minimal sales growth and rising costs, new Myer CEO Richard Umbers needs to implement radical changes to the business model quickly.

Why Smith's exit from Orica doesn't fit the script

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Ian Smith's openness about his flaws complicates judgments and makes it difficult to draw a broader and simplistic inference from what occurred within Orica.

Fortescue counts the cost of its debt raising fail

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While the failure of its attempted debt raising is embarrassing, the sharp drop in the share price shows investors are becoming increasingly wary of the miner.

Why BHP's costly demerger is justified

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BHP Billiton's spin-off of its second-tier assets is sure to be an expensive exercise, but the benefits for BHP and the new entity will far outweigh the costs.

A new phase in Fed policy will be far from smooth-sailing

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The Federal Reserve's path to policy normalisation will be fraught with obstacles, especially as settings between the US and other developed economies continue to diverge.

Will Optus crash TPG's iiNet takeover party?

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The ACCC's response to TPG's bid for iiNet could leave the takeover door ajar for Optus.

Why NBN Co has gone to the bleeding edge

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Using Telstra’s and Optus’s HFC cable networks will enable NBN Co to deliver a national broadband network on time, and potentially under budget.

The Fed’s stress tests underscore quantity and quality

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The Fed’s latest financial stress tests passed US banks, but two big European banks failed. And the reason wasn’t purely about capital adequacy.

MMG prepares for its global transformation

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The Chinese-backed mining group MMG is set to feature more in speculation about resource sector acquisitions.

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