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The Australian Business Review
 

Good morning,

BHP’s failed bid for Anglo American dominated attention in the second half of the 2024 financial year, but the search for value in the mid-tier mining sector was dominated by the resurgence of gold and the fall from grace of the critical minerals sector.

Home prices have continued their inexorable march upwards on a national basis, marking an 18-month run of increases, but parts of the market are slowing and some east coast capitals are now in reverse.

AMP’s head of superannuation and investments, Melinda Howes, is facing one of the biggest challenges of her career helping the former wealth giant regain its mojo.


Perry Williams
Business editor
The markets


Making news this morning
1
ViewTrade eyes growth from ‘fertile ground’
Global trading technology group ViewTrade will use Sydney as its regional headquarters to pursue expansion across the Asia Pacific and India.
2
Toxic hedge book brings down WA gold miner
Calidus Resources appears to be the latest victim of a hedge book gone bad, with the company going under despite strong gold prices.
3
Energy giants call for transmission rethink
Energy ministers are grappling with how to resolve the issue of grid congestion, which occurs when there is more electricity than the system can handle, and supplies are wasted.
Editor's picks
COMPETING BIDS
Rockleigh tops year’s sales list at $85m
Tightly held pink Point Piper harbourfront mansion Rockleigh, which sold for about $85m in May, topped the nation’s house sales in the 2024 financial year.
By JONATHAN CHANCELLOR
EXCLUSIVE
Sneesby heads to Greece as Nine’s newsrooms crumble
Nine CEO Mike Sneesby flew to Greece on Friday night for a week-long family holiday, just hours after slashing hundreds of jobs at the embattled media company.
By JAMES MADDEN, SOPHIE ELSWORTH
FROM THE ARCHIVES: ADS
How advertising mirrored Australia’s growth
Newspaper advertising has significantly evolved over the past 60 years, from the Mad Men era of the 1960s with big headlines and long copy, to the prestige glossy wrap-around ads of today.
By JAMES MADDEN, DANIELLE LONG
Commentary
Super did well in 2024 but don’t expect it every year
By JAMES KIRBY
Wealth Editor
Surging sharemarkets at home and abroad are underpinning a return to superannuation funds for the year that beats the long-term average.
Why the Libs’ super-for-housing plan won’t be a winner for many
By ANTHONY KEANE
Personal finance writer
Letting people withdraw their superannuation for a home deposit may sound generous, but the idea fails on two key fronts.
Dataroom
Lendlease under pressure on funds management front
Lendlease is back in the spotlight, but this time it’s not its management and directors that are in focus but the future of its $48bn funds management operation.
TPG Capital emerges in race for Healius unit
A new name – TPG Capital – has emerged in the contest for Lumus Imaging, the $700m Healius diagnostic imaging business up for sale.
Global Switch data centre bids come up short
Suitors interested in buying the Australian data centres owned by Global Switch have failed to hit the bid price, according to sources.