Prime Minister-elect Tony Abbott has declared that Australia is open for business, and investment bankers are anticipating a government-led resurgence of deal activity. However, the business-friendly vow will be put to the test early as the Coalition considers Archer Daniels Midland's proposed GrainCorp buyout and Telstra's valuable broadband contract. Elsewhere, Perpetual will reveal if it'll continue to fight for control of The Trust Company and Aristocrat Leisure goes hunting for big game in the US.
After the Coalition's win this weekend, Joe Hockey suggested the return of confidence under a new government means consumers and business will now “unleash their balance sheets”. Investment bankers tend to agree.