The proxy adviser changed its recommendation on the eve of Humm Group’s extraordinary general meeting after the Takeovers Panel revealed more problematic activity.
Financial services
The big four bank has turned to Nuno Matos’ former employer HSBC yet again for another senior hire.
The star fund managers will not be escrowed in the biggest float on the ASX so far this year, which seeks to capitalise on a (faltering) revival for the yellow metal.
Australian banking faces a reckoning as increasingly capable AI raises the stakes on competition, cyber risk and growth across the financial sector.
Global conflict hit active Australian equity funds but longer-term returns remain positive.
The digital asset industry has warned Treasury it is overestimating startups’ ability to comply with a regime designed for banks and super funds.
A $24 billion digital finance opportunity is well within reach, but Australia will need industry and government moving together to capture it.
Bendigo’s tech-led strategic pivot has won a sugar hit from markets, but the bigger question is whether insourcing scale can deliver lasting growth.
The strong vote in favour did not stop shareholders from asking pointed questions about the deal, the Lowy family’s involvement and poor disclosure around Barrenjoey’s finances.
