Business

Market movers

AGL’s Loy Yang A coal-fired power station in Victoria’s Latrobe Valley.

Updated

‘New path’: AGL splits power plants, retail as green shift accelerates

AGL will split off its emissions-intensive coal- and gas-fired power plants from its wider business as the shift to renewable energy accelerates.

2 hours ago
by Nick Toscano

Live

Miners flatten ASX after bright start; Telstra at 12-month high

by Lucy Battersby and Alex Druce

Santos has given the go-ahead to develop a major gas field off northern Australia.

Updated

Santos gives green light to $4.7b new gas field off Australia

by Nick Toscano

CBA group executive for business banking, Mike Vacy-Lyle.

Brisbane lockdown a ‘setback’, longer shutdowns a different story: CBA

by Clancy Yeates and Charlotte Grieve

AGL’s profits are under pressure as renewable energy hollows out daytime power prices.

AGL seals tech deal with Britain’s OVO as energy shake-up looms

by Nick Toscano

Currency

Copyright © 2021. Market data information displayed on WAtoday is sourced from Morningstar and ASX and is subject to their terms and conditions as set out in our conditions of use. WAtoday does not accept any responsibility for the accuracy and/or completeness of such data or information.

Companies

Mergers & acquisitions

News Corp buys Lord of the Rings publisher in $US349m deal

In the latest news of consolidation in the literary world, Rupert Murdoch’s News Corp announced it’s buying the book publisher of releases such as The Lord of the Rings trilogy and George Orwell’s 1984.

1 hour ago
by Alex Druce

Updated

Energy

‘New path’: AGL splits power plants, retail as green shift accelerates

AGL will split off its emissions-intensive coal- and gas-fired power plants from its wider business as the shift to renewable energy accelerates.

2 hours ago
by Nick Toscano

The Volkswagen ID.4 is set to the be first mainstream electric vehicle in the US.

Electric cars

‘Voltswagen’: VW accidentally leaks US brand-name change

2 hours ago
by Tom Krisher

Updated

Energy

Santos gives green light to $4.7b new gas field off Australia

by Nick Toscano

Robinhood is particularly popular with young investors, but has come under heavy criticism during the Gamestop frenzy.

IPO

Robinhood heads for IPO with a tarnished reputation

by Jonathan Macey

Markets

Live

Markets Live

Miners flatten ASX after bright start; Telstra at 12-month high

by Lucy Battersby and Alex Druce

Investing

Credit Suisse warns of ‘highly significant’ loss from hedge fund default

Updated

World markets

ASX set for gains despite soft Wall Street lead

by Stan Choe and Damian Troise

The economy

Opinion

Global economy

Biden has to overhaul the US economy as fast as possible

by Jim Tankersley

Inflation

Pandemic shopping habits are giving inflation experts a headache

by Alex Tanzi

Opinion

Global economy

What Prince Harry’s new job says about the world economy

by Matthew Lynn

Opinion & Perspectives

Biden has to overhaul the US economy as fast as possible

Jim Tankersley

The stars have aligned for Joe Biden as he gets set to unleash a spending drive, but he has some obstacles to navigate.

Tick tock. Shareholders will soon decide over AMP’s board

Elizabeth Knight

It doesn’t leave a lot of time for directors to come up with a credible, sustainable plan as the evolution of AMP’s strategic review of assets is becoming increasingly painful to watch.

Wall Street’s $US20b fire sale raises unsettling questions

Stephen Bartholomeusz

Friday’s extraordinary events on Wall Street say a number of interesting things, and raise a number of interesting questions, about the current state of sharemarkets.

Banking & finance

CBA group executive for business banking, Mike Vacy-Lyle: “You can probably survive a three day lockdown but when it comes to three months, it’s a different story.”

Big four

Brisbane lockdown a ‘setback’, longer shutdowns a different story: CBA

by Clancy Yeates and Charlotte Grieve

AMP boss Francesco De Ferrari. Will he stay or will he go?

Opinion

Governance

Tick tock. Shareholders will soon decide over AMP’s board

by Elizabeth Knight

REA chief executive Owen Wilson says buying Mortgage Choice will accelerate its push into financial services.

Mortgage brokers

REA Group eyes growth in broking with $244m Mortgage Choice bid

by Clancy Yeates

Under a new proposal, AMP will tip $800 million into the AMP Capital property fund to stave off a Dexus merger.

Updated

Mergers & acquisitions outlook

AMP says ‘no certainty’ over Ares deal

by Charlotte Grieve

Rock-bottom fixed rates have been an important ingredient in Australia’s housing boom.

Interest rates

Banks under pressure to lift long-term rates as funding costs rise

by Clancy Yeates

AMP will put its AMP Capital flagship business into a joint venture with takeover suitor Ares Management.

Executive shake-up

AMP instability could harm shareholder value, warns key investor

by Clancy Yeates

by Cara Waters

A burger made with a Beyond Meat plant-based burger patty.

Startups

Plant-based meat sales are soaring, but experts warn it may not be better for you or the environment

Hailed as a solution to environmental and health concerns, sales of meat alternatives are soaring but questions are being raised about the claims made about the products.