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Virgin Airlines Murky Shareholder

Michael Sainsbury Sections of this article were originally published in Crikey.com.au and Michaelwest.com.au The international storm of controversy around conglomerate HNA Group, one of Virgin Australia’s two secretive and highly acquisitive Chinese shareholders – and also an investor in Australia’s property sector – just won’t go away and part I, at least, now looks set

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Iron giants: Gina’s gunning for Twiggy, and it ain’t gonna be pretty

Michael Sainsbury The price of iron ore got some respite last week, but it is likely to be only a dead cat bounce as market analysts took their axes to forecasts yet again. Although it has risen from a 10-year low of US$46.70 per tonne closing at US$50.80 last night , many analysts have cut

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How Big Iron’s mistake cost you billions

Michael Sainsbury As the iron ore price stopped plunging this week — it closed last night at US$47.60, up a measly 30 cents and only a couple of bucks off its 10-year low, and the simple rules of supply and demand dictate that it will slump again — a fresh roadblock has appeared in the way of Australian producers. The

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