Malcolm Maiden

Malcolm Maiden

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

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

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.

Malcolm Maiden

Directors' proposal for easier rules doesn't fly

Malcolm Maiden Middle way that encourages directors to be brave and innovative but still penalises bad guys and idiots is needed.

Malcolm Maiden

QBE must stop blindsiding the market

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Malcolm Maiden The problem with repeatedly setting targets and missing them is painfully obvious to QBE chief executive John Neal.

Malcolm Maiden

No good reason to axe dividend imputation

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Malcolm Maiden Ordinary shareholders in any company are meant to be treated equally.

Malcolm Maiden

All that glitters is not gold at Newcrest's Lihir

The gold processing plant on Lihir Island in PNG.

Malcolm Maiden After being engulfed in a disclosure debacle in June last year that resulted in it paying penalties of $1.

Qantas can't just do a Virgin

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Malcolm Maiden Qantas might like a friendly foreign airline shareholder, but it cannot replicate Virgin Australia's heavy foreign ownership structure.

Reserve Bank governor Glenn Stevens nails the 'big question'

Malcolm Maiden Reserve Bank Governor Glenn Stevens avoided discussing the Australian economy when he addressed the Anika Foundation luncheon in Sydney on Tuesday, but he did shed light on the wall of worry that the...

Malcolm Maiden

The mining tax is dead already

Malcolm Maiden Even if it is not repealed, the mining tax is dead in the water.


$80 billion Time Warner takeover bid is classic Murdoch

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Malcolm Maiden Rupert Murdoch's $80 billion takeover approach to Time Warner is his biggest move yet.


$US80b Time Warner bid is vintage Murdoch

Rupert Murdoch

Malcolm Maiden Rupert Murdoch's $US80 billion bid for Time Warner is less risky than takeovers he did decades ago, but classic Murdoch for its vaulting ambition, and its desire to keep the Murdochs in the driver's...