A Brit recently transplanted from NYC to Melbourne. I cover the financial issues of climate & water risk for @breakingviews, among other issues.
Not enough data
Antony Currie consistently covers finance, investment analysis, and government announcements. His articles often cite data to support his insights into topics such as central banking, private equity, mergers & acquisitions (M&A), shareholder rights, and the impact of phenomena like El Niño on the economy.
Given this focus, Antony would likely welcome pitches from experts in finance with deep knowledge of specific industries or economic trends. He may also be interested in receiving information related to M&A activity or government policy changes that influence financial markets.
It's important for potential sources reaching out to Antony to provide fact-based analyses supported by relevant data and industry-specific insights given his emphasis on citing data and delivering investment analysis.
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The $89 bln oil major has lured Meg O'Neill away from the same role at Australia's Woodside. She's a fossil fuel advocate with M&A experience, which suits BP's new direction. But her record isn’t stellar, and low oil prices next year will complicate the company’s turnaround.
Australian and US firms SGH and Steel Dynamics are bidding $8.8 bln for Melbourne-based BlueScope, but like Nippon Steel’s US Steel deal, returns won’t cover the target's cost of capital. Rising earnings can help but BlueScope’s reticence makes a higher offer likely.
The two miners are mulling a $207 bln merger again. A combination could then create some 50% more shareholder value by spinning off or selling iron ore and coal. That would make buybacks easier and unlock Aussie tax benefits. It might also prompt rival BHP to act.
IEA boss Fatih Birol says the conflict has cut fossil gas supply twice as much as the invasion of Ukraine. With stockpiles low, Australia is already mulling leveraging its ample coal and gas exports to secure oil. Others are likely to try similar tactics.
Deep pools of retirement money managed by AusSuper, UniSuper and others shuttle between passive, active and occasional activist investing. They also have expanded overseas and in private equity. Conservative tendencies, including on pay, however, are creating an identity crisis.
NextDC signed OpenAI as a tenant. Yet the data centre operator is selling $700 mln of costly debt to La Caisse that it can buy back within five years. The fiddly new funding soothes tapped-out bank lenders and fits with AI funding lore: the expense is worth it if profit soars.
Yancoal's $2 bln agreement to buy a mine Down Under will raise eyebrows. Beijing is the Sydney-listed company's owner and Canberra is wary of foreign state buyers. Yet Australia's need to barter for oil and fertiliser with trading partners may work in Yancoal's favour.
Regis is buying Vault to create one of Australia's top yellow metal producers. The all-share merger of equals splits the top jobs, board seats and ownership down the middle. With healthy cash flow and no debt, the enlarged company is well set to grow - and weather volatility.
The Australian financial supermarket posted record second-half earnings of $3.2 bln, generating its best return on equity in four years. All units helped, but Iran-related volatility powered commodities and trading. The trick is to keep performance humming once hostilities end.
IFM has officially launched its offer for the 65% of Atlas Arteria it doesn't own after slowly increasing its stake. The toll-road firm's poor showing may justify the $200 bln Aussie fund's ire. But a recent similar takeover shows other investors can hold out for a better deal.
