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Suncorp closed its financial advice business Guardian after it drew the attention of regulator ASIC.

ANZ’s move to buy Suncorp’s banking arm for $4.9 billion to face intense scrutiny

The deal, one of the biggest in the banking sector in years, will need the green light from the consumer watchdog and federal Treasurer Jim Chalmers, as well as amendments to Queensland legislation.

  • by Simone Fox Koob and Clancy Yeates
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Companies

A Whitehaven Coal mine near Narrabri in NSW.

Whitehaven flags record $3 billion profit as coal prices surge

Australian coal miner Whitehaven has flagged record profits as Russia’s invasion of Ukraine drives coal prices higher, despite climate change concerns threatening the fossil fuel’s long-term viability.

  • by Lachlan Abbott
Jonathan Rubinsztein, CEO of Nuix

Nuix’s latest horror outlook revealed to sharemarket

The Australian tech company keeps finding new ways to disappoint investors.

  • by Noel Towell and Kishor Napier-Raman
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Opinion & Perspectives

Nuix’s latest horror outlook revealed to sharemarket

The Australian tech company keeps finding new ways to disappoint investors.

Navigating the booby traps hidden in ANZ’s deal to buy Suncorp Bank

ANZ doesn’t want to leave anything to chance, and it’s prepared to invest its way to the Queensland government’s approval.

Elizabeth Knight
Elizabeth Knight

Business columnist

My colleagues and I wished the office was less boring. Careful what you wish for

First the office was dull. Then we got new colleagues, who never stop talking and coming up with new ideas.

Jonathan Rivett

Banking & finance

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Entrepreneurship

Shopper Media installs screens in malls, which display ads that are tailored to the activity of customers logged into the free WiFi network.

Woolies forks out $150m for targeted ad company Shopper Media

The co-founder of targeted advertising company Shopper Media says the deal is ‘bittersweet’ after losing his co-founder at the start of 2022.

  • by Emma Koehn
Venture capital excess was chronicled in the show “WeCrashed,” about the rise and fall of WeWork.

Here’s proof that venture capitalists don’t really know what they’re doing

It turns out that venture capital has no idea what it is doing - and billions of dollars of investment are being burned up by the industry.

  • by Matthew Lynn

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