2014 was a year with lots of talk and not much action. As Joe Aston from Financial Review mentions in his yearly wrap up, it only gets more difficult to sum up the defining qualities of a calendar year, the longer you try to do it, as they start to resemble each other. However, in the ‘action’ category, this year like many others has involved movement at the top of many iconic Australian businesses, there was the slow movement of Channel 10 to market, and the current federal governments messy sell job of the budget was also in the headlines for a majority of the year.
Quarter 4 was the beginning of the oil and iron ore price fall affecting a number of Australian and international energy businesses. It wasn't all doom and gloom for the Australian economy though with Australian investment bankers having their best year in quite a while.
Joe Aston from the Financial Review has put together his annual year in review article and as always his overview of the year that was is educational as well as entertaining. His full article can be found below and is definitely worth a read.
AFR - Joe Aston - Rear Window - Poking through the embers