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Good afternoon,

Property giant Lendlease has sold a half-stake of its major British development assets in a joint venture with King Charles's property company, The Crown Estate, as it continues to offload global developments to unlock more capital.

Meanwhile, DataRoom reports speculation is mounting the end game for Webjet Group could be Helloworld and BGH Capital joining forces to see the two travel companies combine and potentially get taken private.

And read how despite the Reserve Bank being widely expected to cut interest rates on Tuesday, a positive reaction from the stockmarket is far from guaranteed after exceptionally strong gains in recent weeks.

Vesna Poljak
Business Editor
The markets


Commentary
The ‘welcome home’ stimulus is a double-edged sword
By ROBERT GOTTLIEBSEN
Business Columnist
Rich Australians are coming back home, investing in real estate and buoying struggling builders. The government simply must not waste this opportunity.
Latest news
Lendlease needs more than a King’s ransom
Under-pressure developer Lendlease has literally struck a deal with royalty, but this alone won’t impress markets.
By ERIC JOHNSTON
Qantas faces huge fine as judge queries outsourcing ‘remorse’
Federal Court judge Michael Lee has shot a hole in Qantas’ claims of remorse for the unlawful outsourcing of 1820 workers, on day one of the airline’s penalty hearing.
By ROBYN IRONSIDE
New MinRes chairman to tackle challenges ‘head on’
Mineral Resources has turned to former Rank Group executive Malcolm Bundey — who has no experience in mining — to lead its board.
By BRAD THOMPSON
Volvo to build electric trucks here and transport titan signs up
Swedish automotive group Volvo will build the first Australian-made heavy duty electric trucks in Brisbane from next year and Linfox is aboard as one of its biggest customers.
By JARED LYNCH
Super tax ‘escape hatch’ not for everyone
Investment bonds are red hot as an alternative to superannuation, but top advisers often don’t like them. Here’s why.
By JAMES KIRBY

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