Heritage Bank (HBS):
Heritage Bank, the nation's second largest mutual, will stop offering property investment loans and is restructuring other products amid fears it will blow tough regulatory speed limits on lending growth Australia Limited (attracted a deluge of borrowers. It follows the decision of CUA, the nation's largest mutual, combined they have about $17.5 billion of assets and account for about 1.5 per cent of the total property lending market. Their withdrawal from the market highlights continued strength of buyer demand in Melbourne and Sydney at the beginning of peak spring sales and the inherent disadvantage on smaller lenders of a blanket 10 per cent cap.
Telstra Corporation Limited (TLS):
Telstra chief executive Andy Penn will take home $5.21 million this year, a pay cut of almost $1.6 million as the telco giant’s plunging share price hits CEO pay. Mr Penn’s is the latest in a string of CEO pay cuts this reporting season, including at Commonwealth Bank, Wesfarmers, AMP and CEOs including Seven West Media boss Tim Worner, former Brambles CEO Tom Gorman and Vocus CEO Geoff Horth joining the no-bonus club.The departure of Australia Post CEO Ahmed Fahour has put the focus back on CEO pay, despite research by Egan Associates which shows the 25 new chief executives appointed to top 200 companies over the past 18 months received an average 25 per cent pay cut from their predecessors. Mr Penn’s statutory reported pay remained flat at $5.66 million compared to $5.64 million last year. However, the company also disclosed their executives’ take-home pay, which revealed Mr Penn’s pay pain. The Telstra chief executive earned $2.3 million in fixed pay, a $1.49 million bonus and $1.04 million in shares, bringing his take-home pay to $5.21 million, which was disclosed in Friday’s annual Telstra report.T he big decline was in Mr Penn’s long-term incentive, which was worth $2.8 million last year based on a share price of $5.56, compared with the June 30 share price of $4.30 this year. Telstra finished flat at $3.67 on Friday.
Telstra (TLS) National Broadband Network (NBN):
Telstra chief executive Andy Penn and NBN chief executive Bill Morrow are at loggerheads over the potential risk created by the securitization of the long-term payments the builder of the national broadband network is making to the telecommunications giant. Telstra and NBN disagree over the potential involvement of third parties in the original agreements between the two companies relating to the rollout of super-fast broadband if Telstra was able to securitize $5.5 billion in recurring payments from NBN by putting them in an investment vehicle.
Foxtel:
Foxtel executive director of channel aggregation and wholesale Deanne Weir is leaving the subscription television business after starting at the News Corporation-Telstra joint venture just over 12 months ago. Sources said Ms Weir's channel responsibilities would be taken up by Foxtel executive director of television Brian Walsh, and the wholesale responsibilities, related to Telstra, would be taken up by director of IT transformation Stephen Butler. Foxtel still faces the challenge of growing subscribers, with subscriber numbers fell to 2.8 million as of June 30, down from 2.9 million in the prior corresponding period. oxtel's profit dropped to $US59 million, compared with $US180 million in the previous year. However, this was largely related to a $US58 million loss due to a write-down in its investment in Network Ten, which has gone into receivership and is being bought by US studio CBS.
Australian Energy Market Operator (AEMO):
Audrey Zibelman, chief executive of AEMO, Spoke at the launch of decentralised energy market platform Greensync's partnership with leading power firms and agencies. She said the energy technology "ecosystem" was getting bigger and AEMO needed to have a different approach to business around collaboration and solving complex problems. Greensync on Thursday launched its deX platform – which allows utilities to operate decentralised energy markets in which they can call on households and firms to make their "behind the meter" energy, such as batteries, solar panels and smart pool pumps available during demand spikes to help avert blackouts. The technique is known as "demand response" and is expected to play a major role this summer in avoiding the blackouts and shortages that plagued the National Electricity market last summer.
Royal Dutch Shell:
Shell has brought into production the next big lick of coal seam gas from its Queensland operations, with gas from the $1.7 billion Charlie project expected to free up supplies for power generation during the critical summer months. First gas flows from the expansion of the Woleebee Creek coal seam gas operations by the AngloDutch major's QCLNG business started earlier this week ahead of full flows expected in the December quarter, according to gas market watcher Energy Edge. East coast producers, such as Santos, have taken steps to try to avert LNG export controls, including signing delivery contracts for Engie's Pelican Point power plant in South Australia, while Santos and Shell earlier this week struck a deal for a gas "swap" that should make more gas available in the southern states.
Macquarie Group (MQG):
Macquarie Capital is leading the pack across a trifecta of league tables including announced and completed mergers and acquisitions and equity capital markets activity. In ECM, Macquarie is followed by UBS and Goldman Sachs respectively, while in announced M&A UBS and Deutsche Bank round out the top three. Macquarie - which has the largest investment banking team in this market - showed its mettle again on Wednesday night when it executed a $373 million block trade in Reliance Worldwide on behalf of chairman Jonathan Munz.
SMS Management and Technology (SMX):
SMS Management and Technology shareholders have almost unanimously voted in favour of the proposed $124 million acquisition from Japan's Nomura Research Institute-owned ASG Group. SMS Management and Technology shareholders have almost unanimously voted in favour of the proposed $124 million acquisition from Japan's Nomura Research Institute-owned ASG Group. Mr Lewis said the SMS deal would be the last major acquisition for the company for the foreseeable future. The acquisition comes less than nine months after ASG was bought for almost $350 million by NRI. In its last full year prior to the acquisition, ASG recorded $188.7 million in revenue. Despite being owned by a Japanese firm and having NRI members on its board, Mr Lewis said ASG has maintained a level of autonomy and is still very much an Australian business.
（Source: AIMS）
Heritage Bank, the nation's second largest mutual, will stop offering property investment loans and is restructuring other products amid fears it will blow tough regulatory speed limits on lending growth Australia Limited (attracted a deluge of borrowers. It follows the decision of CUA, the nation's largest mutual, combined they have about $17.5 billion of assets and account for about 1.5 per cent of the total property lending market. Their withdrawal from the market highlights continued strength of buyer demand in Melbourne and Sydney at the beginning of peak spring sales and the inherent disadvantage on smaller lenders of a blanket 10 per cent cap.
Telstra Corporation Limited (TLS):
Telstra chief executive Andy Penn will take home $5.21 million this year, a pay cut of almost $1.6 million as the telco giant’s plunging share price hits CEO pay. Mr Penn’s is the latest in a string of CEO pay cuts this reporting season, including at Commonwealth Bank, Wesfarmers, AMP and CEOs including Seven West Media boss Tim Worner, former Brambles CEO Tom Gorman and Vocus CEO Geoff Horth joining the no-bonus club.The departure of Australia Post CEO Ahmed Fahour has put the focus back on CEO pay, despite research by Egan Associates which shows the 25 new chief executives appointed to top 200 companies over the past 18 months received an average 25 per cent pay cut from their predecessors. Mr Penn’s statutory reported pay remained flat at $5.66 million compared to $5.64 million last year. However, the company also disclosed their executives’ take-home pay, which revealed Mr Penn’s pay pain. The Telstra chief executive earned $2.3 million in fixed pay, a $1.49 million bonus and $1.04 million in shares, bringing his take-home pay to $5.21 million, which was disclosed in Friday’s annual Telstra report.T he big decline was in Mr Penn’s long-term incentive, which was worth $2.8 million last year based on a share price of $5.56, compared with the June 30 share price of $4.30 this year. Telstra finished flat at $3.67 on Friday.
Telstra (TLS) National Broadband Network (NBN):
Telstra chief executive Andy Penn and NBN chief executive Bill Morrow are at loggerheads over the potential risk created by the securitization of the long-term payments the builder of the national broadband network is making to the telecommunications giant. Telstra and NBN disagree over the potential involvement of third parties in the original agreements between the two companies relating to the rollout of super-fast broadband if Telstra was able to securitize $5.5 billion in recurring payments from NBN by putting them in an investment vehicle.
Foxtel:
Foxtel executive director of channel aggregation and wholesale Deanne Weir is leaving the subscription television business after starting at the News Corporation-Telstra joint venture just over 12 months ago. Sources said Ms Weir's channel responsibilities would be taken up by Foxtel executive director of television Brian Walsh, and the wholesale responsibilities, related to Telstra, would be taken up by director of IT transformation Stephen Butler. Foxtel still faces the challenge of growing subscribers, with subscriber numbers fell to 2.8 million as of June 30, down from 2.9 million in the prior corresponding period. oxtel's profit dropped to $US59 million, compared with $US180 million in the previous year. However, this was largely related to a $US58 million loss due to a write-down in its investment in Network Ten, which has gone into receivership and is being bought by US studio CBS.
Australian Energy Market Operator (AEMO):
Audrey Zibelman, chief executive of AEMO, Spoke at the launch of decentralised energy market platform Greensync's partnership with leading power firms and agencies. She said the energy technology "ecosystem" was getting bigger and AEMO needed to have a different approach to business around collaboration and solving complex problems. Greensync on Thursday launched its deX platform – which allows utilities to operate decentralised energy markets in which they can call on households and firms to make their "behind the meter" energy, such as batteries, solar panels and smart pool pumps available during demand spikes to help avert blackouts. The technique is known as "demand response" and is expected to play a major role this summer in avoiding the blackouts and shortages that plagued the National Electricity market last summer.
Royal Dutch Shell:
Shell has brought into production the next big lick of coal seam gas from its Queensland operations, with gas from the $1.7 billion Charlie project expected to free up supplies for power generation during the critical summer months. First gas flows from the expansion of the Woleebee Creek coal seam gas operations by the AngloDutch major's QCLNG business started earlier this week ahead of full flows expected in the December quarter, according to gas market watcher Energy Edge. East coast producers, such as Santos, have taken steps to try to avert LNG export controls, including signing delivery contracts for Engie's Pelican Point power plant in South Australia, while Santos and Shell earlier this week struck a deal for a gas "swap" that should make more gas available in the southern states.
Macquarie Group (MQG):
Macquarie Capital is leading the pack across a trifecta of league tables including announced and completed mergers and acquisitions and equity capital markets activity. In ECM, Macquarie is followed by UBS and Goldman Sachs respectively, while in announced M&A UBS and Deutsche Bank round out the top three. Macquarie - which has the largest investment banking team in this market - showed its mettle again on Wednesday night when it executed a $373 million block trade in Reliance Worldwide on behalf of chairman Jonathan Munz.
SMS Management and Technology (SMX):
SMS Management and Technology shareholders have almost unanimously voted in favour of the proposed $124 million acquisition from Japan's Nomura Research Institute-owned ASG Group. SMS Management and Technology shareholders have almost unanimously voted in favour of the proposed $124 million acquisition from Japan's Nomura Research Institute-owned ASG Group. Mr Lewis said the SMS deal would be the last major acquisition for the company for the foreseeable future. The acquisition comes less than nine months after ASG was bought for almost $350 million by NRI. In its last full year prior to the acquisition, ASG recorded $188.7 million in revenue. Despite being owned by a Japanese firm and having NRI members on its board, Mr Lewis said ASG has maintained a level of autonomy and is still very much an Australian business.
（Source: AIMS）
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