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Good afternoon,

Tycoon Andrew Roberts is closer to exiting the construction industry as the head company of his Roberts Co building empire went into administration and big contractors are poised to pick up key jobs in Victoria where work had stopped.

Property developer Mirvac plans to add another Japanese company to its roster of backers on high-profile property projects.

Insignia Financial’s takeover prospects are on shaky ground after Bain Capital walked away from any deal for the wealth manager, leaving peer CC Capital as the last suitor standing.

Vesna Poljak
Business Editor
The markets


Commentary
Valuable lesson for banks in Brookfield’s Healthscope nightmare
By ROBERT GOTTLIEBSEN
Business Columnist
Banks that helped Brookfield buy Healthscope with loans of almost $2bn must be bitter. My warning to them is to be very wary when dealing with giant private equity groups that take...
Latest news
More lenders offload Healthscope debt
A loan worth about $300m to the private hospital operator is being offered at a discount.
By BRIDGET CARTER
Macquarie faces $500m in fines as ASIC turns up heat
The corporate regulator’s latest case against Macquarie could see the bank facing fines up to $500m.
By DAVID ROSS
‘Not as bearish’: CBA boss hits the road in Trump’s America
After a front row view of Washington, CBA CEO Matt Comyn says trade tensions are here to stay in one form or another. This means business needs to adapt.
By ERIC JOHNSTON
From banking to psychedelics: a journey in mental health
I’m a career banker. Never in my wildest dreams did I expect to find myself taking psilocybin but after some nerves I did and what I found has led me to wonder if it could be useful to others.
By JOSEPH HEALY
China drives EV growth as Europe stalls, US downgraded
EV sales exceeded 17 million globally in 2024 but the outlook varies widely between a boom in China, tepid growth in Europe and price anxiety in the US sees Tesla lose ground.
By PERRY WILLIAMS

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