John Mullen is currently the chairman of ASX-listed companies Qantas,Treasury Wine Estates and Brambles,raising concerns that he has become overloaded.
It took just 25 hours for one of the biggest private equity bids for an Australian company to go up in smoke. What happened?
Brambles investors are already warming to the prospect of a takeover,after the company’s shares soared as much as 13 per cent on Monday following confirmation that the pallet supplier has been in preliminary talks with private equity giant CVC.
Corporate vultures’ nostrils are flaring as they size up Australia’s $17 billion pallet maker Brambles.
Australia’s two major owners of reusable pallets say retailers,producers and manufacturers are hoarding and redirecting the crucial shipping items.
Energy stocks dragged on the local bourse on Monday,as oil prices hit a 21-year low and an $8.8b takeover bid for Caltex Australia collapsed.
The ASX has suffered its largest fall in over four years,as what some described as panic selling took hold amid heightened coronavirus fears.
The local bourse has ended Monday's session flat,as declines in the financial sector offset gains in real estate,information technology and health care.
The boss of Brambles says the company operated in an environment of increasing economic"uncertainty"in the first half,as it booked a fall in half-year profit.
The local bourse had ended the week firmly higher and just shy of a record close,as a surge in banking stocks drove CBA to a five-year high.
The local bourse trod water as modest gains among the miners and some consumer-facing stocks helped offset Westpac's woes in the wake of Monday's strong rally.