Australia And New Zealand Banking Group Limited (ANZ); Commonwealth Bank Of Australia (CBA); National Australia Bank Limited (NAB); Westpac Banking Corporation (WBC):
The state-based tax was designed to reap $370 million over the next four years and be levied on a formula of SA’s share of national GDP, about 6 per cent. The big four banks, ANZ, CBA, NAB and Westpac, have waged a big public campaign against the state-based tax since June 22 and on Monday night applauded the move by Mr Marshall to block the bank tax in the upper house. Mr Cooper, who is also the chairman of the Australian Made, Australian Grown organisation that promotes businesses manufacturing and producing goods in Australia, said the South Australian economy was struggling and needed to do everything it could to attract investment.
BHP Billiton Limited (BHP):
As ever, of course, there is little new that is not somehow old. The owners of technology have attempted this drift upstream often enough before. For example, back when GE was still General Electric, it briefly owned the collection of coal mines and copper prospects that was Utah International. But the great American innovator’s interest in extracting waned relatively speedily and in 1984 the business was sold for a then staggering $US2.4 billion to an Australian miner named BHP. Back in April, on signing a three-year technology partnership with Australia’s South32, GE’s chief executive of legend, Jeff Immelt, proclaimed that ‘‘the future of mining is digital’’. ‘‘We look forward to working with South32 to help optimise their operations and accelerate the digital transformation of the mining industry at large,’’ he said. Now one of the interesting things about South32’s progress to alliance with GE is that it was motivated originally by a sense of frustration with the 1SAP technology that sits central to the way the miner’s father, BHP, talks so easily and creatively with itself.
Dexus (DXS):
Law firm Clayton Utz has agreed to renew a key 17,000 square metre lease at Dexus and Cbus Property’s 1 Bligh Street in the tightly held market of Sydney. The litigators, represented by LPC’s Geoffrey Learmonth, ruled out a number of alternatives including AMP Capital’s Quay Quarter, Brookfield Property Partners’ planned 10 Carrington Street, Investa’s 33 Bligh Street and Lend Lease’s Circular Quay Tower Clayton Utz had originally taken on 23,000 square metres in the tower in the depths of the financial crisis in 2008, giving Dexus the key commitment it needed to proceed with the development of the tower designed by German architects Ingenhoven Architekten.
QBE Insurance (QBE):
Share investing is often a game of expectations. Analysts will spend an inordinate amount of time modelling a business and trying to predict what will happen in the future, only to have it all unravel as an ‘‘update’’ from the company forces them to change a few cells in a spreadsheet to ‘‘accurately’’ account for changes. When coaching our members on the things to look for when deciding to buy a stock, we get them to ask themselves: ‘‘If this stock is a ‘buy’, then who is it for?’’ The reason you will look to buy a stock will be different from the person selling it to you. This point was well demonstrated last week with the sell-off in QBE Insurance Group shares. For income-seeking investors, QBE is still a good business.
Vocus Communications (VOC):
Vocus Group and its bankers clearly want to leave no stone unturned in assessing KKR’s $3.50-a-share indicative bid. The telecommunications infrastructure owner’s board and advisers Credit Suisse and Goldman Sachs have canvassed just about everyone in a month-long meeting-fest. First it was meeting their fellow board members, management and advisers, then key institutional shareholders, and now the meetings have gone full circle. It’s understood Vocus’ representatives have gone back to where it all began; private equity giant KKR.
Wesfarmer Limited (WES):
There’s no doubt where incoming Wesfarmers’ chief executive Rob Scott will need to put his attention when he assumes the top job later this year – the battling Coles chain. If a new survey of grocery suppliers by UBS is right – and it has traditionally been a good leading indicator over its 22 editions – then Scott will need to pump money, people and time into the business if he is to fight back against a resurgent Woolworths.‘‘ Coles management have done a great job, but the reaction to the step up in investment at Woolworths appears to have come six months too late, with a competitive response (based on public statements) not coming until early this year,’’ analyst Ben Gilbert writes in the survey report.
Woolworths Limited (WOW):
Discount department store chain Big W has poached senior managers from Woolworths’ supermarkets and rivals after signing off on a new turnaround plan that takes a leaf out of the playbook of major competitor Kmart.Big W’s managing director David Walker has brought veteran Big W managers Teresa Rendo and Joanne Nix back into the fold and hired Amanda Lunn from Woolworths Food Group.Mr Walker, who took the helm after Sally Macdonald departed unexpectedly late last year, has also restructured Big W’s major categories into new customer ‘‘universes’’ including About Leisure, About Kids and About Home – emulating Kmart’s clothing, kids and home ‘‘worlds’’.
(Source: AIMS)
The state-based tax was designed to reap $370 million over the next four years and be levied on a formula of SA’s share of national GDP, about 6 per cent. The big four banks, ANZ, CBA, NAB and Westpac, have waged a big public campaign against the state-based tax since June 22 and on Monday night applauded the move by Mr Marshall to block the bank tax in the upper house. Mr Cooper, who is also the chairman of the Australian Made, Australian Grown organisation that promotes businesses manufacturing and producing goods in Australia, said the South Australian economy was struggling and needed to do everything it could to attract investment.
BHP Billiton Limited (BHP):
As ever, of course, there is little new that is not somehow old. The owners of technology have attempted this drift upstream often enough before. For example, back when GE was still General Electric, it briefly owned the collection of coal mines and copper prospects that was Utah International. But the great American innovator’s interest in extracting waned relatively speedily and in 1984 the business was sold for a then staggering $US2.4 billion to an Australian miner named BHP. Back in April, on signing a three-year technology partnership with Australia’s South32, GE’s chief executive of legend, Jeff Immelt, proclaimed that ‘‘the future of mining is digital’’. ‘‘We look forward to working with South32 to help optimise their operations and accelerate the digital transformation of the mining industry at large,’’ he said. Now one of the interesting things about South32’s progress to alliance with GE is that it was motivated originally by a sense of frustration with the 1SAP technology that sits central to the way the miner’s father, BHP, talks so easily and creatively with itself.
Dexus (DXS):
Law firm Clayton Utz has agreed to renew a key 17,000 square metre lease at Dexus and Cbus Property’s 1 Bligh Street in the tightly held market of Sydney. The litigators, represented by LPC’s Geoffrey Learmonth, ruled out a number of alternatives including AMP Capital’s Quay Quarter, Brookfield Property Partners’ planned 10 Carrington Street, Investa’s 33 Bligh Street and Lend Lease’s Circular Quay Tower Clayton Utz had originally taken on 23,000 square metres in the tower in the depths of the financial crisis in 2008, giving Dexus the key commitment it needed to proceed with the development of the tower designed by German architects Ingenhoven Architekten.
QBE Insurance (QBE):
Share investing is often a game of expectations. Analysts will spend an inordinate amount of time modelling a business and trying to predict what will happen in the future, only to have it all unravel as an ‘‘update’’ from the company forces them to change a few cells in a spreadsheet to ‘‘accurately’’ account for changes. When coaching our members on the things to look for when deciding to buy a stock, we get them to ask themselves: ‘‘If this stock is a ‘buy’, then who is it for?’’ The reason you will look to buy a stock will be different from the person selling it to you. This point was well demonstrated last week with the sell-off in QBE Insurance Group shares. For income-seeking investors, QBE is still a good business.
Vocus Communications (VOC):
Vocus Group and its bankers clearly want to leave no stone unturned in assessing KKR’s $3.50-a-share indicative bid. The telecommunications infrastructure owner’s board and advisers Credit Suisse and Goldman Sachs have canvassed just about everyone in a month-long meeting-fest. First it was meeting their fellow board members, management and advisers, then key institutional shareholders, and now the meetings have gone full circle. It’s understood Vocus’ representatives have gone back to where it all began; private equity giant KKR.
Wesfarmer Limited (WES):
There’s no doubt where incoming Wesfarmers’ chief executive Rob Scott will need to put his attention when he assumes the top job later this year – the battling Coles chain. If a new survey of grocery suppliers by UBS is right – and it has traditionally been a good leading indicator over its 22 editions – then Scott will need to pump money, people and time into the business if he is to fight back against a resurgent Woolworths.‘‘ Coles management have done a great job, but the reaction to the step up in investment at Woolworths appears to have come six months too late, with a competitive response (based on public statements) not coming until early this year,’’ analyst Ben Gilbert writes in the survey report.
Woolworths Limited (WOW):
Discount department store chain Big W has poached senior managers from Woolworths’ supermarkets and rivals after signing off on a new turnaround plan that takes a leaf out of the playbook of major competitor Kmart.Big W’s managing director David Walker has brought veteran Big W managers Teresa Rendo and Joanne Nix back into the fold and hired Amanda Lunn from Woolworths Food Group.Mr Walker, who took the helm after Sally Macdonald departed unexpectedly late last year, has also restructured Big W’s major categories into new customer ‘‘universes’’ including About Leisure, About Kids and About Home – emulating Kmart’s clothing, kids and home ‘‘worlds’’.
(Source: AIMS)
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