☕ Welcome back

Welcome back from the long weekend, all! We're now 4 weeks deep into the footy tipping comp, and Suisse_Cheese — which we're guessing is some sort of homage to Credit Suisse — has jumped out to a 2-point lead.

Welcome back from the long weekend! We're now 4 weeks deep into the footy tipping comp, and Suisse_Cheese — which we're guessing is some sort of tasty homage to Credit Suisse — has jumped out to a 2-point lead over Life's Good 23, Fast Eddie McGuire and espn17820572 who are all on 25 points.

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MARKET MOVERS

*Stock data as of the market close. Commodities and crypto data in USD.

Market news: Yes, the last trading day was roughly a lifetime ago — but Neometals popped off on Thursday after increasing their stake in a battery metal JV.

The company moved from 50% to 72.5% after converting a shareholder loan in the project based in Finland.

THE QUICK SYNC

  • Binance loses Australian financial services licence after ASIC warning. (SMH)

  • FTX failure rooted in hubris and greed, debtors report says. (SMH)

  • EY given more time to resolve issues from exam cheating scandal. (AFR)

  • Elon Musk’s Twitter challenges mount amid advertising squeeze. (Australian)

  • Porter Davis liquidators unable to find suitable buyer to take over building of 1,700 homes. (ABC)

  • How Coles and Woolworths are changing this $1b ad market. (AFR)

  • Tiger Global tried to sell VC fund stakes in latest sign of strategy shift. (TI)

TRADING FLOOR

M&A:

  • Credit Suisse and Nomura are rebooting a possible $1bn sales process for Hoyts. (AFR)

  • Blackmores is said to have talked with Asahi earlier this year about a takeover. (AFR)

  • Rally in gold price could help Newmont lift its bid to buy Newcrest. (The Australian)

  • Local REITS are increasingly in the sights of short sellers. (The Australian)

  • Cleanaway has been weighing a sale of its industrial services business. (The Australian)

  • Metals Acquisition Corp is closing in on its $US1.1bn ($1.6bn) deal to buy Glencore’s CSA copper mine at Cobar. (The Australian)

Capital Markets:

  • Intellihub pulls together a $500m debt raising. (AFR)

VC:

  • None

Others:

  • Crescent Capital Partners has quietly raised $1bn for its seventh buyout fund. (AFR)

  • Dominic Meagher and Mike Johnson left Macquarie to join Jefferies. (AFR)

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THE WATERCOOLER

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