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The Australian Business Review
 

Good morning,

Rio Tinto's opportunistic $US4bn approach for stretched lithium play Arcadium signals Jakob Stausholm's mining giant has got its mergers and acquisitions mojo back again, writes Eric Johnston.

Meanwhile, Kearney Asia Pacific chair Shigeru Sekinada has toured Australia, looking to build bridges between Japanese corporate giants and local business.

And TPG Telecom is targeting apartment owners with its cheap and fast broadband offering – some 10 times faster than the NBN – that is achieved by ‘hot-rodding up’ old copper wire.

Perry Williams
Business editor
The markets


Making news this morning
1
QIC quits Sydney shopping centre for record price
Queensland government fund manager QIC has sold off Sydney’s Westpoint Shopping Centre to Haben and a US group.
2
How retail umpire mediated a row while on Ukraine mercy mission
Food Code’s Chris Leptos spends his days arbitrating disputes between suppliers and supermarkets, but after hours he’s part of an international group helping to ease the plight of Ukrainians.
3
More mutual mergers on the horizon
People First Bank, the combined Heritage Bank and People’s Choice, is planning for further growth, with boss Steve Laidlaw ­targeting roll-ups with like-minded rivals.
Editor's picks
MARGIN CALL
ERA mining PM’s speeches for Jabiluka trouble
Cancelling the mining licence for ERA’s Jabiluka uranium mine should have been an easy win for Anthony Albanese’s government. But it might be shaping up as an own goal.
By NICK EVANS
WEALTH
Why investors will bolt if property taxes change
Tinkering with property taxes drives investors out of the market – it’s just happened in New Zealand and now Canberra is looking at a very similar picture.
By JAMES KIRBY
EXCLUSIVE
Fundraising isn’t success, US tech billionaire tells our entrepreneurs
Company founders should stay small, stay lean and focus on building products, but raise either nothing or the minimum amount needed, says Klaviyo’s billionaire boss, Andrew Bialecki.
By JARED LYNCH
Commentary
Is it time to bank on a gold rush?
By DAVID ROGERS
Markets Editor
One US investment bank sees ‘plenty of room for upward re-rating’ in Australian gold miners which meet production guidance as the price of gold continues to soar.
A tried-and-true investing pattern has lost its shape
By JAMES MACKINTOSH
Deciding which sectors and companies are cyclical versus defensive has suddenly gotten a lot more complicated.
DataRoom
Analysts place $5bn-plus value on Rio’s takeover target
Rio Tinto has said it approached Arcadium Lithium for a potential acquisition, with analysts saying the smaller miner is worth at least $5bn.
KKR’s door was ajar for Domain Group
New York-based private equity firm KKR explored a buyout proposal for the $2bn real estate group Domain but baulked in the end.
IGO ‘leads race’ for Rio’s Winu copper-gold deposit
IGO could be the frontrunner for Rio Tinto’s Winu Project, although BHP spin-off South32 is also said to be interested.

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