Malcolm Maiden

Malcolm Maiden

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

Lawyers to feast in unmapped terrain

Malcolm Maiden dinkus

Malcolm Maiden We are in uncharted waters after Westfield Retail Trust chairman Dick Warburton adjourned a meeting that was poised to vote down the Trust's participation in a $70 billion restructure of the...

Malls

Frank Lowy’s Westfield threat makes corporate history

Frank Lowy

Malcolm Maiden Frank Lowy's warning Westfield would independently split into separate Australian and international companies if a shareholder vote didn't go his way has resulted Australian corporate history.

Property

Westfield $70b restructure a step closer

Westfield

Malcolm Maiden The first shareholder vote on Westfield's complicated $70 billion restructure plan has overwhelmingly supported the deal, with almost 98 per cent of Westfield Group shareholders who voted supporting...

Decision day looms for Westfield

Malcolm Maiden Thursday's vote on the $70 billion restructure of Westfield Group and Westfield Retail Trust is going to be tight.

Malcolm Maiden

Insiders have the running, alas

Malcolm Maiden dinkus

Malcolm Maiden ASIC's new examination of leaks, spin and insider briefings confirms that the local market leaks like a sieve.

Malcolm Maiden

Thodey makes right calls for Telstra

David Thodey

Malcolm Maiden Telstra chief executive David Thodey celebrates five years in the job this week and his scoreboard is positive.

Malcolm Maiden

Steady as she goes, with an asterisk

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Malcolm Maiden The Westpac-Melbourne Institute Index of Consumer Sentiment joined the ANZ-Roy Morgan consumer confidence survey in reporting post-budget consumer blues on Wednesday, but confidence surveys tend to...

Malcolm Maiden

Treasury buys time on last drinks

Malcolm Maiden Treasury Wine Estates' announcement on Tuesday that it had rejected a $3 billion takeover approach from US private equity group Kohlberg Kravis Roberts (KKR) raised a common takeover question: will...

Malcolm Maiden

Who will uncork Treasury's potential?

Wine

Generic wine pic. Reuters.

Malcolm Maiden Treasury Wine Estates' revelation that it has studied and rejected a $3 billion takeover approach from US private equity group Kohlberg Kravis Roberts (KKR) raises the usual question: will the target...

Tighten the reins on currency trading

Malcolm Maiden dinkus

Malcolm Maiden Market participants have been talking about the retail currency trading phenomenon for some time.

ADM still hovers in GrainCorp's vicinity and may pounce

Malcolm Maiden Wilmar International and First Pacific want a fast answer from Goodman Fielder after delivering a ''take it or leave it'' sweetener to their original $1.3 billion offer.

Wilmar group, First Pacific put takeover squeeze on Goodman Fielder

bread

Malcolm Maiden Singapore's Wilmar group and its Hong Kong bidding partner First Pacific are putting a classic takeover squeeze on Australian food group Goodman Fielder.

Malcolm Maiden

Business can expect a collateral hit

Malcolm Maiden dinkus

Malcolm Maiden Has Joe Hockey given companies a gymnasium leave pass? To some, it seems so.

Crisis? What crisis? Budget bluff finally becomes clear

Malcolm Maiden The sense of urgency that the government engineered going into this budget can now be seen in perspective. There was no crisis forcing savage spending cuts and revenue-raising measures.

Rural Bank's suitor was kept in the dark

Malcolm Maiden Government sold Rural Finance in exclusive deal despite knowing others were interested.

One on the board for ASIC as the watchdog finally bites

Malcolm Maiden The cases have to be heard, but ASIC and the Australian Federal Police appear to have scored a major insider trading swoop with the arrests of a NAB employee and an Australian Bureau of Statistics...

Opinion

Is NAB floored or on the rebound?

Malcolm Maiden It is not yet clear whether NAB is stuck on the bottom, or positioned for a rebound.

Malcolm Maiden

Recovering retailers brace for tax whack

Malcolm Maiden It's likely Bernie Brookes will be telling his staff to prepare for tighter trading conditions.

Malcolm Maiden

Commission of Audit: Weighty report outlines regime for much leaner government

Malcolm Maiden Weighty government reports have a habit of finding their way to the top shelf in ministerial offices, lightly thumbed and lonely.

Malcolm Maiden

Port partners take a punt on coal

Malcolm Maiden The Baird government may have set a new mark with Wednesday's $1.75 billion sale of a 98-year lease on the Port of Newcastle.