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The Australian Business Review
 

Good morning,

The key takeaways from Macquarie Group’s latest Green Energy Conference – which was headlined by the chief executives of Origin Energy and Santos – were the ever-present risks of a poorly managed transition. Macquarie CEO Shemara Wikramanayake, who moderated the discussion, said consumers didn’t fully grasp the increased energy cost and reliability challenges that lay ahead.

WiseTech co-founder and director Maree Isaacs has unexpectedly sold her stake in the troubled logistics software titan to Richard White as the company reels from the fallout of a raft of allegations, including that he exchanged business advice for sex.

Fugitive developer Jean Nassif’s planned high-rise precinct opposite a metro station in Sydney’s Hills District has crumbled, with the site that cost more than $300m to assemble now on the block.

Perry Williams
Business editor
The markets


Making news this morning
1
BHP iron ore to bankroll copper crusade
BHP is set to rely even more heavily on its iron ore operations to help pay for growth ambitions in so-called future-facing commodities, with ramifications for its plans in Western Australia.
2
A CEO’s happy place? On the river at dawn
Wesfarmers chief executive and former Olympian Rob Scott enjoys a stress-busting yoga workout at lunchtime, often after rowing on the Swan River at sunrise.
3
Green lawfare on ALP’s watch amounts to economic sabotage
By funding the EDO, Labor is funding economic terrorism against our own economy, undermining the energy security of Australia and our allies.
Editor's picks
COMPETING BIDS
Circular Quay prices are right for economists
Warwick McKibbin and his wife Renee Fry-McKibbin have made a second swoop on the Loftus Lane apartment building at Sydney’s Circular Quay.
By JONATHAN CHANCELLOR
TECHNOLOGY
AI gains to soar in the ‘second innings’ of use: Capgemini
Capgemini Australia boss Zhiwei Jiang likens the use of Gen AI to being in the second innings of a baseball game, with more benefits still to come from the technology.
By JOYCE MOULLAKIS
EXCLUSIVE
Nine news boss ‘boned in seven minutes’
Amanda Paterson – who was sacked via video call and escorted from the newsroom immediately – has lodged a formal complaint to the Fair Work Commission, alleging she was unlawfully terminated.
By JAMES MADDEN
Commentary
Lendi, Aussie Home Loans marriage created a financial mess
By JOYCE MOULLAKIS
Senior Banking Reporter
The merger of Lendi and Aussie Home Loans looks to have failed, at least if the latest financial accounts lodged with the regulator are any guide.
The giant super win for middle Australia
By ROBERT GOTTLIEBSEN
Business Columnist
Two crossbenchers stood their ground to oppose one of the worst taxes ever conceived by an Australian federal treasurer. I extend my thanks to them – but readers of The Australian ...
DataRoom
PAG considers an exit from Australian Venue Co
DataRoom understands the Asian private equity fund is exploring an initial public offering for the company on the ASX next year.
PEP eyes roll-up play in Singapore Post purchase
One obvious candidate is the former Toll Global Express business, now known as Team Global Express and owned by rival private equity firm Allegro Funds.
Retail Food hires Gresham after United Petroleum lifts stake
The move to shore up its defences no doubt has been brought on by fears of an opportunistic buyout offer.

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