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    Jackson Collins (right) and Aly Bull (left) with Australian sprint kayak assistant coach Laurence Fletcher (centre) after winning gold with Aly Bull (left) at the 2022 world championships in Canada.

    This delisted Sydney Swan is going to the Olympics

    After his AFL dream was dashed by knee injuries at 19, Jackson Collins followed in his father’s footsteps kayaking for Australia at the Olympics.

    • Gus McCubbing

    Bombed out retailers stage comeback ahead of results season

    There is plenty of pressure on household budgets, but retailers from Universal Store to shoe chain owner Accent Group say trading is picking up.

    • Carrie LaFrenz and Joanne Tran

    ‘True giant’ Kevan Gosper, Olympic veteran and businessman, dies

    The Olympic silver medallist, who was planning to go to next week’s Paris Games, gave Australia’s fledgling Olympic movement business-like governance.

    • Michael Bleby

    Mining boss calls for policy changes with more jobs in danger

    The boss of WA’s peak resources lobby group says the Albanese government needs to step up to prevent more job losses.

    • Brad Thompson and Tom Rabe

    ANZ’s toxic trading-floor roulette spins out of control

    The bank is engulfed in one of its biggest scandals after a sudden market move swung tens of millions of dollars out of its client’s favour. The client was the government.

    • Jonathan Shapiro

    Energy CEOs urge industry not to quit hydrogen dream

    Australian businesses need to be smarter and work harder to overcome the cost hurdles in hydrogen, which has a strong future in some industries, CEOs insist.

    • Angela Macdonald-Smith

    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. 

    Chanticleer

    Columnist

    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.

    Chanticleer

    Columnist

    Chanticleer

    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

    Infrastructure reporter

    Jenny Wiggins

    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.

    Chanticleer

    Columnist

    Chanticleer

    Companies in the News

    BHP Group

    bhp$41.760
     -2.11%

    Commonwealth Bank

    cba$131.630
     -0.78%

    ANZ Bank

    anz$29.710
     -1.16%

    Rio Tinto

    rio$113.960
     -1.71%

    Updated: Jul 19, 2024 – 4.40pm. Data is 20 mins delayed.

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    Featured

    Tesla cars in front of the company’s plant in California. The carmaker has several supply agreements with Australian miners, including Liontown.

    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

    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

    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

    Yesterday

    CBA shares roared to new record highs this week on the back of strong institutional demand, including from index funds.

    Has the CBA share price peaked?

    After the Commonwealth Bank’s latest record, analysts and fund managers are wondering whether the hyper-rally in bank stocks can be sustained.

    • James Eyers
    Whitehaven managing director Paul Flynn has given Aurizon a “hurry-up”.

    Whitehaven Coal says inflation is ‘rife’

    The coal miner says the cost of parts and services continues to rise despite higher unemployment, as a rail “glitch” soured its $6.4b move into Queensland coal.

    • Peter Ker
    Dominique Grubisa has been banned from managing companies for five years.

    Judge slaps $1m fine on ‘dishonest’ Dominique Grubisa

    The self-styled wealth and property guru has also been banned from running companies for five years, and her DG Institute has copped a fine of $5 million.

    • Max Mason
    Thames Water has been under significant financial strain, with its largest shareholder writing down the value of its stake to zero.

    QIC coy on Thames Water stake as utility drowns in debt

    The state-backed asset manager has not marked down its valuation of the embattled London investment, despite its largest shareholder writing it off entirely.

    • Aaron Weinman
    Westpac is trying to reduce head office numbers by 20 per cent on 2020 levels by this year.

    Prudential watchdog halves $1b Westpac penalty

    APRA will slash its $1 billion capital penalty levied on the bank four years after it was first implemented.

    • Lucas Baird
    Advertisement
    The fervent competition for highly successful lawyers means traditional seniority-based partner pay models are rapidly receding.

    Top lawyers ‘name their price’ as competition runs hot

    Major law firms are being forced to adapt their partnership structures as high-earning partners test their value on the open market.

    • Maxim Shanahan

    Ex-Allens lawyer sets up Australia’s first prison newspaper

    The first edition of About Time was delivered to correctional facilities in NSW, Victoria, Tasmania and the ACT this month.

    • Maxim Shanahan
    Evidence of a link between social media and poor mental health in young women is growing.

    America’s most powerful export may be anxiety

    What if mental health cannot be separated from culture, and cultural forces are making young English-speakers unhappy?

    • Derek Thompson

    This Month

    Ethical Partners CEO Matt Nacard, right, and investment director Nathan Parkin.

    Ethical Partners to close, sells massive big blocks in ACL, NobleOak

    Ethical Partners was the seller behind 10 per cent of ACL and just under 15 per cent of NobleOak traded by E&P Financial and Barrenjoey respectively on Thursday.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Law firm Slater & Gordon has admitted to underpaying workers more than $300,000.

    Workers’ rights law firm admits to underpaying staff $300,000

    Prominent class action firm Slater & Gordon says there are “no excuses” for the underpayment which was due to a decade-long miscalculation of leave entitlements.

    • Maxim Shanahan
    Investor Duncan Saville.

    Duncan Saville’s Somers eyes investment in Magellan-backed FinClear

    It comes as FinClear, on Thursday, quietly opened a share sale to match buyers and sellers on its register, including employees and external investors.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Alan Finkel says green hydrogen will be used as a chemical to produce decarbonised products for export,

    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”.

    • Angela Macdonald-Smith, Peter Ker and Jessica Sier
    New Quantum acquired Morrison Securities off ASX-listed Sequoia.

    New Quantum’s US backer prepares to call in receivers; sale tipped

    The US-based VC investor is New Quantum’s primary financier and is in discussions with McGrathNicol, sources said.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    The concerns of Star’s special manager into its operations and executive team are now public.

    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.

    • Zoe Samios
    Fortescue chairman Andrew Forrest has curbed his hydrogen ambitions.

    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.

    • Andrew Tillett and Brad Thompson
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    The often nautical Will Vicars, co-chief investment officer of Caledonia Investments.

    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.

    • Myriam Robin
    Former Fortescue executives Bart Kolodziejczyk (left) and Michael Masterman.

    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
    Guzman y Gomez co-CEO Steven Marks has a focused plan for growth, and  bigger, bolder goal.

    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
    Someone will have to build the infrastructure needed to connect new wind farms to the grid. Blackstone reckons Symphony could be it.

    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
    Andrew Forrest is promising a leaner, meaner Fortescue. But who’s listening?

    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