Malcolm Maiden

Malcolm Maiden

Malcolm Maiden analyses and comments on business, the markets and the economy.

Malcolm Maiden

On the bright side, there's signs of a lift-off in the Qantas result

Malcolm Maiden Alan Joyce says Qantas’ statutory loss of $2.8 billion is confronting. The thing investors with nerves of steel will confront however is a classic timing question.

Vertigan shows the NBN is worth doing

NBN.

Malcolm Maiden The Vertigan report on cost-benefit equations for various broadband rollout options gives Labor's aborted fibre to the home project the dunce's cap.

Malcolm Maiden

Iconic brands go as Pacific Brands turns Cheshire Cat

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Malcolm Maiden Like Lewis Carroll's Cheshire Cat, Pacific Brands is slowly disappearing.

Planners

Financial advisers finally told to get smart

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Malcolm Maiden The Australian financial planning industry may have crossed a Rubicon this week with AMP, NAB, Westpac and Macquarie indicating that they are moving to impose much tougher education standards on...

ASX still looking for an old-fashioned boom

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Malcolm Maiden Some of the numbers the Australian Securities Exchange throws off in its profit reports makes the big banks look like ordinary investment conveyances.

Malcolm Maiden

BHP's demerger plan not the share slide culprit

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Malcolm Maiden As a slide in BHP Billiton’s share price that began in London on Tuesday night spilled into the local market on Wednesday morning, BHP and advisers began asking the obvious question: were BHP...

Malcolm Maiden

BHP's breakup should be a winner for shareholders

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Malcolm Maiden The assets that BHP is spinning off shape up nicely, just not as nicely as the ones it is keeping.

Mining

BHP: breaking up isn't hard to do

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Malcolm Maiden BHP Billiton’s announcement that it is now actively considering a demerger of ''a selection'' of its smaller resources suggests that one way or another BHP’s alumina-aluminium, nickel and...

Mlacl

BHP poised to make the right call with demerger

Any demerged BHP entity still has to make sense as a business.

Malcolm Maiden BHP Billiton’s announcement that it is now actively considering a demerger of ‘‘a selection’’ of its smaller resources businesses confirms a strategic course the market...

Telstra's new NBN deal is as good as the first one

NBN

Malcolm Maiden The profit result that Telstra chief executive David Thodey handed down on Thursday was solid, Telstra’s dividend lift and $1 billion share buyback pleased investors, and the telco’s...

Profit reports show that dividends still rule

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Malcolm Maiden The June 30 profit season runs until the end of this month, but important themes have already emerged.

Malcolm Maiden

CBA's profit is too big for political comfort

CBA's record profit will give plenty of ammunition to those arguing that banks need to be reined in.

Malcolm Maiden CBA has produced a profit that is great for shareholders, but politically inconvenient.

Malcolm Maiden

Woolworths finally confesses it hasn't nailed hardware, but there is no quick fix

Woolworths has finally conceded its Masters hardware division is performing below expectation.

Malcolm Maiden News that Masters was underperforming was not exactly a bombshell, but the best way to fix it isn't quite as obvious.

Malcolm Maiden

Central banks hold the line as geopolitical tensions increase

Reserve Bank Governor Glenn Stevens

Malcolm Maiden The Reserve Bank completed a trifecta of central banking economic assessments with its statement on monetary policy on Friday.

Malcolm Maiden

Rio Tinto is being cruel just because it can

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Malcolm Maiden Rio Tinto and BHP Billiton are major contributors to the supply side pressure that is bearing down on the iron ore price.

Malcolm Maiden

Debt fears haunt Rupert Murdoch but 21st Century Fox is in mood for expansion

Malcolm Maiden Rupert Murdoch has not forgotten News Corp's near death experience in the early 1990s, but Fox is clearly in an expansionary mood.

Malcolm Maiden

Transurban: an unstoppable money machine

Malcolm Maiden Wondering why Transurban comfortably raised $2.7 billion from shareholders for its 62.5 per cent equity share of the $7 billion Queensland Motorways acquisition in May?

Malcolm Maiden

RBA's softening up period stays on hold

The status of the handover from mining to the rest of the economy is key to the RBA's next move.

Malcolm Maiden The RBA is on hold, and not hinting that might be close to moving.

Malcolm Maiden

What the NAB changes Andrew Thorburn didn't make tell us

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Malcolm Maiden National Australia Bank’s new chief executive, Andrew Thorburn, has made some key changes in the reshuffle that accompanies his arrival in the job, but key roles have also been reconfirmed.

Malcolm Maiden

Equality likely to trump expedience in Woodside buyback

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Malcolm Maiden The big institutions all knew that there was a trade-off involved in Woodside's plan to assist Shell's exit from its register with a $2.7 billion selective share buyback.