Hugo Mathers

WAM Capital is not the only LIC that went backwards last financial year, and that has reignited the debate about the merits of the structure vs ETFs.

Firmus has confirmed a strategic equity investment round of USD2 billion ($2.9 billion), led by follow-on participation from US investment company Coatue and chip giant Nvidia.

Qantas has confirmed the Development Bank of Japan will buy its 33.3% stake in Jetstar Japan through a share buyback.

National Australia Bank has flagged a 15% drop in Australian home lending applications in the June quarter compared to the previous three-month period.

Biotech group CSL will undertake clinical trial work to confirm the efficacy and safety of immunoglobulin manufactured using its patented Horizon 2 process.

Insurance broker Steadfast Group has extended its due diligence period granted to joint suitors Amwins Group and Dragoneer Investment Group, after the US-based pair re-confirmed their intention to proceed with their $7.7 billion takeover proposal.

Mortgage insurance provider Helia Group has been selected as the exclusive provider of lenders mortgage insurance (LMI) to ING Bank Australia, for a period of four years from 1 July 2026.

The board of New Zealand tourism company Tourism Holdings has granted due diligence access to a consortium led by BGH Capital and the family interests of Luke and Karl Trouchet, following an all-cash offer of NZD3.10 ($2.55) per share announced in May.

The board of Atlas Arteria has once again urged shareholders to reject a takeover offer by IFM Investors, taking aim at the suitor’s plans for its 67%-owned Chicago Skyway.

The board of Atlas Arteria has reiterated its recommendation that shareholders should reject a $7 billion hostile takeover approach from IFM Investors, after its independent expert Kroll reconfirmed the validity of its valuation analysis.