Laden...
Monday
March 15, 2021
Good evening,
Ding, ding!
The dust has settled on round one – dubbed Bloody Monday – of Swiss bank UBS’ fight with rival investment bank Barrenjoey Capital Partners.
Resignations flowed thick and fast on Monday morning, and about a dozen analysts and one banker had headed for the exit by lunchtime.
Tonight, we take a look at the wash-up from Monday – and conclude that although UBS might be bruised, it won the first-round skirmish.
Elsewhere, we’ve got the scoop on where ex-Virgin Australia chief executive Paul Scurrah is popping up next – he’s traded planes for trains.
Finally, Gresham Partners’ debt advisory team has been called in at cinema chain Hoyts, and any grey nomad readers will like this next IPO.
Happy reading,
Sarah Thompson, Anthony Macdonald and Tim BoydStreet Talk Editors
The Swiss bank has won the Bloody Monday battle, but it’s a long way from winning the war against Barrenjoey Capital Partners.
The spurned Virgin Australia boss is set to take the reins at Australia’s biggest private-sector freight company.
Its debt advisory team has been called in to the cinema chain to help consider options for a pivotal debt refinancing.
The local Airbnb for campervans, motorhomes and caravans is getting ready for a road trip.
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