Malcolm Maiden

Malcolm Maiden

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

Malcolm Maiden

Pressure is on institutions to bid big for Medibank

Medibank

Malcolm Maiden A sentence buried deep in the Medibank Private prospectus is exercising the minds of fund managers as they prepare for a three day-long bookbuild auction next week that will determine how much the...

Australia's foreign bribery law needs to be tightened

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Malcolm Maiden The central role that Asia has in Australia’s future was on display at Thursday’s packed Financial Review and J.P. Morgan Chanticleer lunch in Melbourne.

Medibank is not a privatisation no-brainer

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Malcolm Maiden A friend of mine has done well over the years selling services to the government. Despite that, being on the government drip-feed infuriates him.

Malcolm Maiden

Whitlam's legacy was to win vital reforms

Malcolm Maiden Successes and failures both helped create a business and economic legacy for Gough Whitlam that far outweighs his government's brief time in power.

Malcolm Maiden

Gough Whitlam 'changed the way business is done' with lasting competition laws

The Trade Practices laws introduced by Gough Whitlam and Lionel Murphy have been described as possibly the most important piece Australian of economic legislation of the 1970s.

Malcolm Maiden The Trade Practices Act that the Whitlam government passed in 1974 was one of Gough Whitlam's outstanding achievements, former competition czars said on Tuesday.

Masters and Bunnings price war takes on a new hue

With entry-level paint, Masters is seeking to be a price-setter.

Malcolm Maiden The $3 billion paint market is the site of a skirmish in a war between Bunnings and Masters.

Malcolm Maiden

ACCC's action against Coles may set precedent

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Malcolm Maiden The new Federal Court legal action against Coles by the Australian Competition and Consumer Commission looks very similar to the action it launched against the supermarket group five months ago, but...

CSL shows how to run a buyback campaign

Malcolm Maiden The lambasting that Telstra got at its annual meeting on Tuesday over its $1 billion share buyback was a reminder that buybacks are sometimes difficult to market to shareholders.

RBA weighs the price of ignoring risk

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Malcolm Maiden Investors who are thinking of joining the market’s spring selldown run the risk of making a classic mistake. If this is a correction, it is well advanced.

Shorten learns from history but a mining tax still won't fly

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Malcolm Maiden Discussions about a new mining tax would be handicapped by the legacy of Labor's previous attempts.

Malcolm Maiden

NAB boss Andrew Thorburn makes tough call on British banking assets

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Malcolm Maiden NAB chief executive Andrew Thorburn was actually praised by banking analysts on Thursday morning after he announced almost $1.

Malcolm Maiden

NAB's Andrew Thorburn cleans decks, but he hasn't cleared them

NAB has posted heavy charges for its troubled UK arm - but are they the end of the matter?

Malcolm Maiden NAB chief executive Andrew Thorburn was actually praised by banking analysts on Thursday morning after the bank announced almost $1.

ATO's case against Chevron underlines difficulties of tax reform

The ATO is after between $212.5 million and $258.8 million in back tax and between $64.7 million and $21.3 million in penalties,

Malcolm Maiden I wish I could get a list of G20 delegates and send them copies of the documents Chevron and the Australian Tax Office have filed for Chevron’s appeal against an ATO claim for back-taxes and...

Glencore has work to do if it wants to grab Rio

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Malcolm Maiden A merger with Rio Tinto is a no-brainer for Glencore and its boss, Ivan Glasenberg, but the idea is less compelling for Rio chief executive Sam Walsh, the rest of Rio's board and Rio's shareholders.

Two statements define RBA's status quo

The value of the Australian dollar is till too high, the Reserve Bank of Australia believes.

Malcolm Maiden The Australian dollar fell on the Reserve Bank's announcement that its cash rate is still on hold at 2.5 per cent because two crucial pieces of language were essentially unchanged.

Malcolm Maiden

Rio Tinto-Glencore merger is possible - at a price

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Malcolm Maiden A merger with Rio Tinto is a no-brainer for Glencore. For Rio’s board and its shareholders, however, the price will have to be right, and so will the currency.

Goalposts moving as RBA prepares to meet

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Malcolm Maiden The goal-posts have moved since the Reserve Bank met a month ago, left its cash rate at 2.5 per cent, and issued an anodyne statement declaring as it had all year that rates were in "a period of...

Talk is cheap but tax avoidance is tough to beat

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Malcolm Maiden It is easier to avoid corporate tax than avoid talking about corporate tax avoidance at the moment, and there are no easy answers.

Does Medibank have the muscle to force healthcare costs down?

Malcolm Maiden Something interesting has been happening to healthcare costs in America since Barack Obama's Affordable Care Act was passed in 2010.

Don't yield to fear – it's only an adjustment

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Malcolm Maiden There is an argument doing the rounds that high-dividend-yield shares are on the nose.