This time the focus is expected to fall on job cuts. After reviewing the business with the help of Bain & Company, Street Talk can reveal there are some changes afoot.
The axe is set to fall on hundreds of jobs later this week - with sources close to the situation putting it at about 5 per cent of the group’s 13,500 strong workforce.
Back in deals, Dexus has ramped up its push for an AMP Capital real estate fund in a move that plenty of other property and infrastructure managers will watch closely.
And Juan Martinez - of HWL Ebsworth - is expected to make a forthright pitch to fund managers this week ahead of a mooted IPO. We have a bunch of fresh details, including the company’s new name.
Happy reading, Sarah Thompson, Anthony Macdonald and Tim Boyd Street Talk Editors
Suncorp Group's board and management team is set to sign off on a significant restructure, which will see as many as 10 per cent of jobs cut at the Australian insurer and bank owner.
HWL Ebsworth boss Juan Martinez will pitch his law firm as a growing $350 million-a-year business with hefty profit margins and a razor-like focus on costs, in meetings with fund managers this week.
Real estate investor Dexus is using its $10.7 billion unlisted Dexus Wholesale Property Fund to hunt down one of AMP Capital's flagship investment funds.
Pharmacy giant Chemist Warehouse has thrown its weight behind buy now, pay later newcomer Fu, taking a stake in the company and committing to roll out its Fupay card in chemists and online stores nationally.
