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The Australian
 

Good afternoon,

Banking group ANZ's chief executive, Shayne Elliott, says federal Treasurer Jim Chalmers’ approval of its $4.9bn purchase of the Suncorp Bank is a “significant milestone”, however it comes with a number of conditions.

Pubs baron Bruce Mathieson's son, also named Bruce, looks like he is in line for a board role with Star Entertainment after quitting his position with Endeavour. Bruce Snr has been given the green light to up his stake in the casino group by another 19.9 per cent.

Staff at trouble-plagued Nine Entertainment have passed a motion of no confidence in boss Mike Sneesby and its board after he announced hundreds of job losses across its publishing, digital and broadcasting divisions.
Perry Williams
Business editor
The markets


Commentary
ANZ, Suncorp breathe sigh of relief — but hard work starts now
By JOYCE MOULLAKIS
Senior Banking Reporter
When the mammoth acquisition was announced, ANZ committed to no net job or branch losses at Suncorp Bank for three years. It didn’t make the same assurances for its own staff and b...
Latest news
‘Strict conditions’ underpin ANZ-Suncorp Bank union
ANZ has set a July date for completion of its $4.9bn takeover of Suncorp Bank – previously opposed by the ACCC – after Treasurer Jim Chalmers’ conditional nod following reassurances on jobs and branch numbers.
By VALERINA CHANGARATHIL, TRICIA RIVERA
Mathieson Jr looms as contender for Star board
The son of billionaire pub baron Bruce Mathieson could be in the running for a board seat at Star Entertainment after stepping down as a director of Endeavour Group.
By JOHN STENSHOLT, VALERINA CHANGARATHIL
Brownlow medallist scoring big as a funds manager
The former AFL superstar’s first funds management venture, named after a famed athletics coach, has returned 25 per cent to investors by following what Chris Judd did best in footy.
By DAMON KITNEY
Nine staff move ‘no confidence’ motion in CEO, board
Employees at Nine Entertainment are demanding an explanation from management after Mike Sneesby announced 200 job losses.
By SOPHIE ELSWORTH
Big change coming to Mercedes-Benz
The up-market German car manufacturer has launched new tech in its cars, declaring it will help make traffic jams a thing of the past.
By JARED LYNCH
 
 
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