How could it be possible for a suburban housewife walk into the offices of Australia’s share registry giant Computershare and convince them to transfer blue-chip shares into her name? asks Jacqui Walker.
ASX
Lend Lease probed by US law enforcement
Construction giant Lend Lease has announced that its Stateside subsidiary, Bovis Lend Lease, is under investigation over alleged over-billing.
Corporate “green shoots” withering on the vine
Those small signs of a rebound people are talking about in other economies don’t seem to be flourishing all that strongly here.
Austcorp in the hands of voluntary administrators
The ASX this morning suspended trading in the Austcorp Property Group as the debt-strapped property company was placed in the hands of voluntary administrators.
APRA turns the screws on finance sector executive pay
APRA has given a sneak preview of its coming review of executive pay.
Morning Market Report: BEN gets crushed
Bendigo and Adelaide Bank (BEN) getting smashed after releasing its Trading Update.
ASX AGM descends into farce
A riproaring criticism of the press was only one of the highlights of yesterday’s ASX AGM, writes Stephen Mayne.
What’s next ASIC? Ban trading altogether?
We now have the second most restricted market in the world, writes Michael Pascoe.
Secret Fairfax share scheme may be key to the slash and burn
A secretive $4 million scheme rewards the most senior Fairfax executives with share packages based on the company’s share price and earnings, writes Andrew Dodd.
Starpharma directors make make timely paper profit
Directors in pharmaceutical company Starpharma Holdings have profited - on paper - from recent trades in their own stock., writes Glenn Dyer.
ASX complicity on the “Macquarie Model” under the pump
The ASX Guidance Note talks tough on future floats but this is largely irrelevant because the “Macquarie Model” is a dead parrot., writes Stephen Mayne.
Ospraie jetisons Iluka shares, depressing prices
Iluka shares are being dropped by all and sundry, writes Glenn Dyer.
Futuris CEO chopped, tree sellers flogged
Another one bites the dust. Yesterday Futuris CEO Les Wozniczka delivered a profit downgrade and today Futuris is looking for a new CEO, writes Michael PAscoe.
Without their reputation, Babcock & Brown are stuffed
Banks can talk all they like about assets and liquidity, but their share prices are almost 100% reputation, writes Glenn Dyer.
D’Aloisio talks tough as corporate crooks stay out of jail
ASIC chairman Tony D’Aloisio likes to talk tough but ASIC is all mouth no trousers when it comes to crime busting, writes Stephen Mayne.
Revealed: ASX and AFR in conflicted new joint venture
The AFR should be calling for a major review into CFDs and the way the ASX has championed their development and distribution, not offering itself as a vehicle through which they can be further marketed, writes Stephen Mayne.
MFS financials are a shambles … surprise!
MFS’s financials are a compete shambles. The company burnt cash like a dot.com during the December half, writes Adam Schwab.
Conflicts here, conflicts there, conflicts everybloodywhere
Conflict of interest crops up all too frequently in Australian business, political and media life and unfortunately we’re seeing quite an avalanche right now, writes Stephen Mayne.
Grading ASIC boss Tony D’Aloisio — a Crikey scorecard
ASIC boss Tony D’Aloisio celebrates a year in the job next month. How has the former ASX CEO handled ASIC, asks Alex Mitchell?
Who’d be a spinner for ANZ, ASX or MFS?
The world of the inhouse corporate spindoctor has never been an easy one but spare a thought for those responsible for media relations at three poisonous acronyms: ASX, ANZ and MFS, writes Stephen Mayne.
Time for ASX, ANZ and friends to start writing Opes Prime cheques
Opes Prime creditors who still believe they are only going to get 30c in the dollar, should buy The AFR today because it will cheer them up no end, writes Stephen Mayne.
Crikey Says: Crikey Says
The failure of the Opes Prime group and the daily disclosures of conflicts of interest, poor administration, indifferent regulation and the overriding air of collusive secrecy, is enough justification for an inquiry into the Australian financial markets.
QBE chairman lets fly at ASX conflict
QBE chairman John Cloney has accused the ASX of a regulatory conflict of interest which is damaging the market, reports Glenn Dyer.
Opes fiasco must end the ASX regulatory monopoly
The ASX will “die in a ditch” to retain regulatory powers but the Opes Prime fiasco will almost certainly put paid to its ambitions, writes Stephen Mayne.
