Latest
Green hydrogen too ‘expensive and inefficient’: Finkel
Former chief scientist Alan Finkel – who devised Australia’s first clean hydrogen strategy – now says we are “unlikely to use hydrogen for storage of electricity”.
- 43 mins ago
- Angela Macdonald-Smith, Peter Ker and Jessica Sier
New Quantum weighs its options as Keystone pulls funding
Should it land in receivership as expected, the company’s majority owner – Beaconsfield Capital – is understood to be preparing to buy back the business.
- 50 mins ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
Star was warned of lack of executive experience before NSW inquiry
A report from special manager Nick Weeks blames regulatory and financial pressure as reasons for a lack of good quality candidates on Star’s board.
- 52 mins ago
- Zoe Samios
Albanese sticks to hydrogen despite Fortescue retreat
Andrew Forrest ditching plans to produce 15 million tonnes of green hydrogen by 2030 has sparked questions over the government’s climate policies.
- 1 hr ago
- Andrew Tillett and Brad Thompson
Will Vicars and Caledonia are still deep in the red
Financial year results from the fund manager show a 6.3 per cent gain in the month to June 30. Elsewhere, it’s a sea of woe.
- 1 hr ago
- Myriam Robin
Forrest says Element Zero execs burned bridges ‘like Nazis’
Fortescue chairman Andrew Forrest has distanced himself from surveillance tactics used against former employees, but fully supported the IP lawsuit against them.
- Peter Ker
Opinion & Analysis
What Guzman y Gomez can learn from the Domino’s disaster
Domino’s’ latest downgrade tells a story about long-term growth plans that investors in Guzman y Gomez should take note of.
Columnist
Fortescue’s hydrogen back-flip fails to become sugar hit it should be
One of the issues hanging over the miner is partly gone. So why aren’t fund managers jumping in? They may be more concerned by the company’s other big problems.
Columnist
Sydney’s toll road overhaul is set to target the rich
Drivers who live in some of the city’s priciest suburbs may pay extra, but the benefits of reducing fares on many of its other motorways will be worth it.
Infrastructure reporter
World’s biggest IPO has Australian flavour and implications
It might lack burritos, but we’re watching Lineage, a food storage play with Australian assets trying to secure a $30 billion listing.
Columnist
Companies in the News
Commonwealth Bank
Transurban
Fortescue Metals Group
Updated: Jul 18, 2024 – 4.40pm. Data is 20 mins delayed.
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Featured
Liontown lithium supply test of faith for Tesla after BHP nickel halt
Nickel and lithium have had a rocky ride over the past 18 months. But the outlook cannot be wider for the biggest local players in each commodity.
- Brad Thompson
- Investigation
- Building Bad
Caught on film: How Setka and the CFMEU wield their power
Videos show John Setka delivering a suitcase message to a rival’s home, and other officials issuing threats and boasting of the union’s total control.
- David Marin-Guzman
- Investigation
- Building Bad
Bikies, underworld figures and the CFMEU takeover of construction
‘It’s a cancer that spreads ... we’ll all pay for it’: This is the investigation into CFMEU power that prompted union boss John Setka to quit.
- Nick McKenzie, David Marin-Guzman and Ben Schneiders
More From Today
- Opinion
- Chanticleer
What Guzman y Gomez can learn from the Domino’s disaster
Domino’s’ latest downgrade tells a story about long-term growth plans that investors in Guzman y Gomez should take note of.
- James Thomson
Blackstone pays $300m for minority stake in Symphony Infra Partners
The private capital giant is understood to have squared off against HMC Capital’s Julia Gillard-chaired Energy Transition Fund in the auction’s final round.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Fortescue’s hydrogen back-flip fails to become sugar hit it should be
One of the issues hanging over the miner is partly gone. So why aren’t fund managers jumping in? They may be more concerned by the company’s other big problems.
- Anthony Macdonald
LNG export purse crunched 25pc as prices drop
Australia’s LNG revenue fell in 2023-24 despite flat export volumes, with Santos’ sales broadly reflecting the wider picture as prices softened.
- Angela Macdonald-Smith
Telix shares hit new high on upgraded revenue forecast
The biotech’s shares double in value this year due to strong sales in the United States for its prostate cancer imaging product.
- Michael Smith
NAB backs Federation Asset Management’s Homesafe acquisition
The agreement is a drop in the ocean for a big four bank with a $702 billion loan and advancement book.
- Sarah Thompson, Kanika Sood and Emma Rapaport
What went wrong with KPMG’s legal experiment
Finding top lawyers willing to tolerate relative anonymity and powerlessness in a distant corner of a mammoth multinational proved a challenge for the legal division.
- Maxim Shanahan
- Updated
- Food
Domino’s shuts dozens of stores, dumps big growth target
The company told shareholders it would close stores in Japan and France and warned that the “timing of achieving the long-term outlook was under review”.
- Kylar Loussikian
Done deal: London buyout firm Livingbridge acquires Colinton’s Dimeo
Under the deal, Colinton will retain a stake, while Livingbridge will join the register alongside founders Charles Bates and Peter Easter.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Sponsored
- Nuveen
Not all private credit is created equal
Are private credit valuations supportable, or will they crash and contaminate the financial system?
Sponsored
by Nuveen
The end is finally in sight for PEP’s worst-ever investment
The local private equity giant has been a money-spinner for investors, except in this instance. In an update, it says it may finally exit Equiniti next year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Analysis
- Roads
Sydney’s toll road overhaul is set to target the rich
Drivers who live in some of the city’s priciest suburbs may pay extra, but the benefits of reducing fares on many of its other motorways will be worth it.
- Jenny Wiggins
Yesterday
NSW stuns Queensland in brutal Origin fightback
The Blues clawed back to win the State of Origin series in a chaotic, epic decider that saw Cameron Murray sin binned off the bench.
- Scott Bailey and Murray Wenzel
Imricor Medical Systems in $35m raise
A presentation sent to potential backers said Imricor had spent 18 years and $US105 million ($155.7 million) on its technology.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
World’s biggest IPO has Australian flavour and implications
It might lack burritos, but we’re watching Lineage, a food storage play with Australian assets trying to secure a $30 billion listing.
- Anthony Macdonald
Fortescue’s pivot shakes faith in Labor’s Hydrogen Headstart strategy
Power prices would need to drop steeply and electrolyser costs more than halve to produce hydrogen at anywhere near a competitive level, the industry has warned.
- Angela Macdonald-Smith
- Opinion
- Chanticleer
Reality bites for Forrest’s hydrogen dream. Investors won’t mind
The biggest shake-up of Fortescue’s structure and strategy in years will be music to the market’s ear, but is more evidence the energy transition is spluttering.
- James Thomson
‘Twiggy’ Forrest and Gina Rinehart stick their boots in
The ultra-billionaires have a new realm in which to duel: boots.
- Mark Di Stefano
The ties that bind John Setka to Cbus and the ALP
With the CFMEU now in a spotlight so bright even the indestructible John Setka couldn’t ride it out, ties like these drag everyone else into the glare.
- Myriam Robin
- Updated
- Energy
Labor’s hydrogen dream stalls as Fortescue slims down H2 vision
Fortescue will cut 700 jobs and slow its push into green hydrogen in a blow to the Albanese government’s plan to make Australia a hydrogen superpower supported by more than $8 billion of taxpayer funded incentives.
- Peter Ker and Angela Macdonald-Smith
