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    Sarah and Lachlan Murdoch.

    Lachlan Murdoch returns home to executives on the edge

    The media mogul returns to Australia with global CEO Robert Thomson, grappling with another News Corp restructure.

    • 1 hr ago
    • Mark Di Stefano
    Qantas and Airbus have committed to investing $300 million to accelerate the establishment of a SAF industry in Australia.

    Budget gives $1.7b boost for green aviation fuel but still no mandate

    While the EU, Singapore and Japan have all signed on to sustainable fuel mandates, the Albanese government will study the idea for another two years.

    • Ayesha de Kretser

    Directors welcome ‘no change’ report on disclosure laws

    A review of continuous disclosure laws says the end of the no-fault regime for class actions has had no impact on “meritorious” claims

    • Michael Pelly

    Crescent launches $43m block trade in ClearView Wealth

    Stockbroker Morgans Financial was seeking buyers at 59¢ a share or a 1.7 per cent discount to the last traded price.

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    Law graduates are about to crack a salary record

    Top-tier graduates will earn more than $100,000 this year – in Sydney only – but law firms remain tight-lipped on pay rates despite moves towards transparency elsewhere.

    • Maxim Shanahan

    Aristocrat pops as pokies giant takes share in lucrative US market

    Shares soared nearly 12 per cent after it rewarded shareholders with a 6¢ increase to its fully franked interim dividend. It expects to continue to grow there.

    • Zoe Samios

    Opinion & Analysis

    How to build a cash war chest and get permission to spend it

    Thursday’s two big profit results show what investors want from Australia’s big companies. And it doesn’t have to be just buybacks and special dividends.

    Chanticleer

    Columnist

    Chanticleer

    Queensland in secret bid to buy stricken coal-fired power plant

    It’s three years since Queensland power station Callide C blew up, and the fallout hasn’t stopped. Now, a secret deal for the government to buy a 50 per cent stake is in doubt.

    Chanticleer

    Columnist

    Chanticleer

    Why BHP’s hopes of buying Anglo American are fading fast

    BHP boss Mike Henry has taken his takeover pitch directly to Anglo American investors. But the hurdles to this bid are multiplying, and time is running out.

    Chanticleer

    Columnist

    Chanticleer

    Billions are not enough to realise critical mineral and renewable hydrogen hopes

    Where the government can make a real difference is getting the basics right; starting with environmental approval processes is just too hard.

    Patrick Gibbons

    Corporate advisor

    Patrick Gibbons

    Companies in the News

    BHP Group

    bhp$44.540
     1.02%

    ASX Limited

    asx$63.740
     1.16%

    Qantas

    qan$6.150
     -0.49%

    Macquarie Group

    mqg$193.340
     2.85%

    Perpetual Limited

    ppt$22.400
     0.45%

    Rio Tinto

    rio$130.760
     0.99%

    Updated: May 16, 2024 – 3.58pm. Data is 20 mins delayed.

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    View stories and data from an ASX listed company

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    Healthscope has a contract with the NSW government to run the public wing of Northern Beaches Hospital until 2038.

    Brookfield’s Healthscope debt trap is a mess for everyone involved

    The investment giant is bringing its punchy approach to restructuring – and tactics more often found in the US – to Australia as it works on the hospital group.

    • Jemima Whyte

    For this Rich Lister, does the reality live up to the hype?

    Property mogul and entrepreneur Shaun Bonett has a fortune of more than $2 billion, according to the Rich List. Those valuations might not live up to the hype.

    • Primrose Riordan and Nick Bonyhady
     X Corp owner Elon Musk.

    The real reason Elon Musk is taking on Australia

    Australia has become the latest battleground for the billionaire’s global war on internet censorship, Will he win?

    • Michael Pelly

    More From Today

    Air Vanuatu’s single Boeing 737-800 has been out of action since March.

    Liquidators say a ‘clearly’ broke Air Vanuatu owes at least $99m

    The airline had “a significant level of debt”, and employed “a high number of staff for an operation of [its] size and nature”.

    • Updated
    • Ayesha de Kretser
    Fonterra is the dairy giant behind Western Star butter and Mainland cheese.

    Fonterra puts its Australian dairy assets up for sale

    The New Zealand-based co-operative is behind household brands such as Western Star butter and Mainland cheese and has eight local manufacturing sites.

    • Updated
    • Brad Thompson
    Anglo American wants to “rapidly” sell its Australian coking coal assets.

    Anglo American wants a single buyer for its Australian coal division

    The London-listed diversified miner this week unveiled a major divestment plan designed partly to keep a $64.4 billion buyout proposal from BHP from succeeding.

    • Peter Ker
    Shareholders will back growth stories, but only if they trust management can deliver them.

    How to build a cash war chest and get permission to spend it

    Thursday’s two big profit results show what investors want from Australia’s big companies. And it doesn’t have to be just buybacks and special dividends.

    • Anthony Macdonald
    GrainCorp boss Robert Spurway will be hoping to see canola crops like this come Spring in Australia.

    Biofuels battle: GrainCorp puts $500m-plus price tag on oilseed plant

    Robert Spurway says market was underestimating the cost of building a major expansion, and the potential returns amid growing demand for biofuels.

    • Brad Thompson
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    Atlas Arteria boss Graeme Bevans will leave the tollroad group when it finds a new CEO.

    Atlas Arteria dodges second strike on remuneration at AGM

    IFM Investors backed the toll road group’s remuneration report this year but the company has hit another setback in its attempts to raise toll fares in the US.

    • Jenny Wiggins
    Incitec Pivot’s new CEO Mauro Neves started in January. He says a two-year transformation phase of the Dyno Nobel explosives business should deliver a strong improvement in return on capital.

    Incitec Pivot blames gas prices for $498m fertiliser write-down

    But the company said it could double returns if it sold those struggling operations to Indonesia’s PT Pupuk Kalimantan Timur and focused only on explosives.

    • Simon Evans

    Investors put Bingo on watch as debt trades at a discount

    Street Talk understands a small clip of long-dated debt in Macquarie’s waste management play Bingo traded in the past few weeks.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Russell Mailler is one of two executives replacing the late Juan Martinez at HWL Ebsworth.

    HWL Ebsworth anoints ‘co-pilots’ to replace the late Juan Martinez

    Australia’s largest legal partnership, HWL Ebsworth, has new leaders who are hoping for “not such a combative relationship with the media”.

    • Michael Pelly
    A farmer in Gunnedah. The cotton industry is made up of major businesses and smaller, family-run operations.

    ACCC intervenes in bidding war over Namoi Cotton

    The regulator’s intervention pushed shares down eight per cent at the start of trade on Thursday. It has fielded offers from France’s Louis Dreyfus and Olam.

    • Kylar Loussikian
    Damage inflicted on a manganese loading wharf after bulk carrier MV Anikitos crashed into it during Cyclone Megan on Groote Eylandt.

    This small cap has rocketed since South32’s manganese mine disaster

    Shares in Jupiter Mines have doubled in value since Cyclone Megan forced the closure of one of the world’s biggest producers of the steel making commodity.

    • Tom Richardson
    GPG Australia’s assets include 96MW Crookwell 2 wind farm, near Goulburn in New South Wales.

    Big four, Japanese banks circle GPG Renewables’ $1.6b refinancing

    Sources said GPG is in advanced discussions with several banks to come in on a $1.1 billion refinancing of its existing facilities.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    The charity plans to convert Dixieland, located in the Snowy Monaro region some 2.5 hours from Canberra, from grazing land to a biodiversity corridor.

    Conscious IM bankrolls agricultural acquisition for carbon credits

    Under the deal, Conscious has chipped in 100 per cent of the acquisition price as debt for Greening Australia to sole ownership of the property dubbed Dixieland.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    MinterEllison CEO Virginia Briggs says rather than feel excluded by the firm’s AI program, some graduates are excited to work with the technology.

    If AI can do the work of a grad lawyer, what does a grad lawyer do?

    As tech increasingly takes on the legal grunt work, MinterEllison is trying to rethink the work and skills of its young lawyers.

    • Hans van Leeuwen

    Yesterday

    Regis founders Ian Roberts and Bryan Dorman.

    Fundies have Regis Healthcare founder’s stake on their watch lists

    The market has a close eye on founding director Bryan Dorman’s stake in the $1.2 billion aged care provider.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
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    The C4 unit at Callide power station in Queensland blew up in May 2021.

    Queensland in secret bid to buy stricken coal-fired power plant

    It’s three years since Queensland power station Callide C blew up, and the fallout hasn’t stopped. Now, a secret deal for the government to buy a 50 per cent stake is in doubt.

    • Anthony Macdonald
    Big bosses from left: NAB CEO  Andrew Irvine, Wesfarmers managing director Rob Scott, CSR CEO Julie Coates, Harvey Norman executive chairman Gerry Harvey.

    CEOs to Labor: inflation still needs to be tamed

    Measures to lift housing supply are being partly applauded, but a heavier push on curbing inflation seems to be missing in a two-speed economy.

    • Simon Evans and Liam Walsh
    Betting on wagyu sales: AACo CEO David Harris.

    Beef giant’s earnings dip but CEO says there’s ‘strong demand’

    The beef giant saw a drop in profits as rivals pushed more meat onto the market and costs rose.

    • Updated
    • Liam Walsh
    Barrister Bret Walker said the sins of Star were in the past and should not be used to determine the suitability.

    Star Entertainment makes last-ditch argument to keep casino licence

    Bret Walker, SC, appearing for the company, condemned the “deplorable” behaviour of former executives who an inquiry heard went to war with the regulator.

    • Zoe Samios
    Fiji Airways is closely watching Air Vanuatu to see what opportunities arise.

    Fiji Airways keen to keep Virgin Australia at bay

    The Pacific’s biggest airline would consider a tilt at Air Vanuatu if its liabilities are limited to keep Virgin sidelined.

    • Ayesha de Kretser