New details arise on Sydney attacker

Good Morning,

New details have emerged about Sydney mall attacker Joel Cauchi’s Google search history in the lead-up to his stabbing spree that left six people dead, Job cut proposals at the Ministry of Education are affecting those who work in the school lunch programme, RNZ understands, and the general election is the largest democratic exercise ever - almost one in eight people in the world can vote.

Let's jump in.

Before The Bell

Markets

• ASX-listed electricity provider LPE received an unsolicited takeover bid from River Capital just one day after it dismissed its chief executive, Damien Glanville, for selling shares to the suitor without the board’s permission. (AFR).

• China's economy grew faster-than-expected in the first quarter, data showed on Tuesday, offering some relief to officials as they try to shore up growth in the face of protracted weakness in the property sector and mounting local government debt. (RT).

Earnings and Data

• JPMorgan Chase and Co. Chief Executive Officer Jamie Dimon, who announced plans last year to sell 1 million shares in the lender, sold almost $33 million of stock on Monday, bringing his total sales to that level. (BBG).
  

News Summary

• New details have emerged about Sydney mall attacker Joel Cauchi’s Google search history in the lead-up to his stabbing spree that left six people dead. (Herald).

• The former All Blacks head coach and long time assistant - under Sir Steve Hansen - has been confirmed to take over at Japanese club side Toyota Verblitz for the 2024/2025 Japan Rugby League One season. (Stuff).

• Job cut proposals at the Ministry of Education are affecting those who work in the school lunch programme, RNZ understands. (RNZ).

• Have New Zealanders been misled about AUKUS, is involvement a foregone conclusion? (RNZ).

• Israel’s top general has said the country will respond to Iran’s missile and drone attack, but it remains unclear what form that response will take and whether it will be so forceful that it could tip a worsening spiral of violence into a full-scale regional war. (Guardian).

• A global coral bleaching event has been declared as reefs around the world, including the Great Barrier Reef, suffer from the impact of the warming climate. (9 News).

• The general election is the largest democratic exercise ever - almost one in eight people in the world can vote. (BBC).
  

Deal Flow

Investments / M&A

• UBS’s hedge fund sales desk was out making the most of a slow day on the ASX pushing Iress as a takeover target after Street Talk’s 5 March revelation that US private equity firm Thoma Bravo has enlisted Jarden for a potential tilt. (AFR).

• Mark your calendars. Michael Lukin’s fast-growing investment firm Roc Partners is gearing up to raise $500 million for a new fund to bet on tomorrow’s winners. (AFR).

• Xpansiv spin-off pounds pavement with convertibles deal. (AFR).

Equity Raises

• CVC Capital Partners revived plans for an initial public offering in Amsterdam, seeking to raise at least €1.25 billion ($1.3 billion) with its investors in a listing that potentially paves the way for other private equity firms to go public. (BBG).

• Marex Group Plc and a group of the London-based firm’s shareholders are seeking to raise as much as $323 million in a US initial public offering. (BBG).

Daily Picks

• The former prime minister spent just 49 days in office but wants to stay on the world stage. Her attacks on Biden and praise for Trump are aimed at the populist right. (Guardian).

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