Malcolm Maiden

Malcolm Maiden

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

Myer makeover one for the ages if it works

Malcolm Maiden Myer’s new chief executive Richard Umbers says he will “bring the love of shopping to life” in its department stores, but can he break the group's revamp duck?

Tax reform cannot be discussed in bits and pieces

Malcolm Maiden.

Malcolm Maiden Tax reform is never a comfortable discussion for a government to initiate, and this government is preparing to do so when its political stocks are low.

South32 makes sense, for BHP most of all


Malcolm Maiden The simple maths of BHP Billiton's South32 spinout is that the group will spend about $US738 million ($966 million) before tax in stamp duty, other taxes, separation costs and execution costs to lock...

BHP's South32 demerger maths look good

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Malcolm Maiden The simple maths of BHP Billiton's South32 spin-out is that the group will spend about $US738 million ($966 million) before tax in stamp duty, other taxes, separation costs and execution costs to...

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TPG-iiNet merger makes sense as NBN broadband network ramps up

Malcolm Maiden.

Malcolm Maiden The merged group would have a combined base of more than 1.7 million broadband customers.

TPG-iiNet merger makes sense as NBN network ramps up

Telcos iiNet and TPG cater to different markets.

Malcolm Maiden TPG is significantly gearing its balance sheet to pay for its proposed $1.4 billion scheme of arrangement takeover of iiNet, but there is strong strategic logic in the marriage, and the timing is...

Don't give up on Aussie shares yet

Malcolm Maiden.

Malcolm Maiden The sharemarket reversal this week is all about the coming US rate rise, but don't panic and abandon the equities ship yet.

Why the Australian market isn't growing any Apples

Malcolm Maiden.

Malcolm Maiden The Dow Jones Industrial Average reflects the rise and fall of entire industries. The Australian market, unfortunately, does not.

Gen X and Y, it's time to toughen up

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Malcolm Maiden A flurry of reports and opinion pieces declaring that baby boomers have had it too good and must be now brought to account prompts me to issue an apology to generations X and Y.

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CEO Ahmed Fahour still walking the line at Australia Post

Malcolm Maiden Australia Post's parcels business has shown enviable growth, but will it be enough?

Odds made ASIC's Aussie dollar probe a certainty after interest rate decision

An office worker is reflected on the building of the Reserve Bank of Australia as he walks past in central Sydney October 5, 2010. Australia's central bank kept its key cash rate steady at 4.5 percent on Tuesday, a surprise to many given policy makers recently warned that rates would have to rise to head off inflationary pressures. REUTERS/Daniel Munoz (AUSTRALIA - Tags: BUSINESS SQUIZ)

Malcolm Maiden Odds makers know why the Reserve Bank quickly referred Tuesday’s Australian dollar market action to the Australian Securities and Investments Commission.

Markets moved ahead of the RBA's interest rate announcement

Malcolm Maiden.

Malcolm Maiden The Reserve Bank has confirmed that an investigation into the price spike of the Australian dollar one minute ahead of Tuesday's decision to hold the cash rate at 2.25 per cent is underway.

Market tantrum about RBA rates decision is over the top

Malcolm Maiden.

Malcolm Maiden Share prices were sliding and the dollar was jumping higher on Tuesday afternoon as investors threw a tantrum over the Reserve Bank's decision to leave its cash rate unchanged, but they ands the...

Culture, management and the damage done: A few tips from Morgan Stanley's Aussie boss, James Gorman

Morgan Stanley chairman and CEO James Gorman says culture is critical for companies.

Malcolm Maiden Management is more likely to do damage to a company than good, Morgan Stanley chairman and chief executive officer James Gorman.

Woolworths blinks in supermarkets' price war

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Malcolm Maiden For years Woolworths has been fending off a "down down" price-based attack on its supermarket business from the resurgent Wesfarmers-owned rival, Coles.

Woolies blinks on supermarket prices

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Malcolm Maiden Chief executive Grant O'Brien admits that Woolies is off the pace on prices, and must respond.

Qantas: a late, great, contrarian investment

Malcolm Maiden.

Malcolm Maiden John D. Rockefeller said 'buy when blood is running in the streets'. Qantas comes to mind.

BHP Billiton still has room to move

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Malcolm Maiden BHP Billiton is the world's biggest resources group, and that means that the commodity price downdraft it has been dealing with is enormous in dollar terms.

Commodity prices hurt BHP but cash flow remains strong

BHP's interim dividend increased by 5% from 59 US cents a share to 62 US cents per share.

Malcolm Maiden BHP's amazing cash flow puts it into a position to size up smaller miners that have felt the full force of the downturn.

Telstra makes a local call with new CEO Andrew Penn

Andrew Penn (right) was Telstra boss David Thodey's effective Number Two in his role as chief financial officer.

Malcolm Maiden Telstra is making a local call with its decision to appoint chief financial officer Andrew Penn to take over from its hugely successful CEO, David Thodey.