Mitchell Neems
Business Spectator
Melbourne, VIC, Australia
Contact Mitchell
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Past articles by Mitchell:
Macquarie H1 profit soars 58%
Group's interim earnings boosted by FX moves; cuts dividend, reaffirms expected FY profit lift. → Read More
ANZ cash profit edges higher
Lender posts record FY profit, as international and institutional banking unit hit by global volatility. → Read More
Crown snaps up Nobu stake
Crown in $US100m purchase of 20% stake in restaurant company, Packer eyes board seat. → Read More
Lowy to retire as Scentre chairman
Frank Lowy is set to retire as chairman of Scentre Group in May 2016, to be replaced by deputy chairman Brian Schwartz. Mr Lowy said he believed it was the right time to depart the company as it has established itself in its own right following its split away from Westfield Group in June 2014. At the time of the demerger, Mr Lowy committed to lead Scentre during its "formative period". He will continues as chairman of Westfield Corporation. → Read More
Lowy to retire as Scentre chairman
Frank Lowy will be replaced by Brian Schwartz as chairman of Scentre Group in May 2016. → Read More
Savvides to resign as Medibank MD
George Savvides to step down from top job in March 2016, 15 months before anticipated. → Read More
Govt backs Murray capital findings
Turnbull's Murray response backs the need for stronger capital ratios for Australian banks. → Read More
Rio Tinto lifts Q3 iron ore output
Mining giant sees 12% lift in iron ore production in September quarter. → Read More
IAG rules out China expansion
Insurer says it will not pursue further investment opportunities in China. → Read More
Westpac unveils $3.5bn raising
Lender halts shares as it announces capital raising, FY cash earnings lift 3%. → Read More
Westpac to lift home loan rates
Lender to lift home loan variable rates by 20bps in response to capital requirements. → Read More
Telstra flags $430m revenue hit
Telco warns shareholders ACCC ruling on access to network could see EBITDA fall by up to $80m. → Read More
Telstra exec shake-up continues
Wildberger tapped to replace Ballantyne as head of retail business as CEO Penn stamps authority. → Read More
Glencore to cut zinc output, jobs
Miner to lower zinc production by one-third, will shutter Lady Loretta mine in Australia. → Read More
Macquarie confirms Esanda buy
Group to pay $8.3bn for ANZ's dealer finance portfolio, see H1 result 55% up on previous year. → Read More
BoQ posts record FY profit
Lender expects Qld to benefit from lower house prices as strong margin management buoys performance. → Read More
Peter Harmer named IAG CEO
Mike Wilkins retiring as head of insurer after more than seven years, Harmer to take helm in Nov. → Read More
Treasury Wine eyes further cost cuts
Wine group flags annual savings of around $30m, after cost cuts helped it swing back into the black. → Read More
China PMI beats forecasts
Activity in China's manufacturing sector improves, but remains in contraction. → Read More
Shayne Elliot named ANZ CEO
Lender's CFO will replace Mike Smith, who will step down after 8 years at the helm. → Read More