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The Australian Business Review
 

Good morning,

Nine’s board led by Catherine West now has a roadmap to fix the media company's toxic culture after an external investigation found junior female employees were fearful in a work environment where bullying and harassment thrived, says columnist Eric Johnston. 

Meanwhile at WiseTech Global, which has its own boardroom challenges, chair Richard Dammery will next week conduct a “meeting blitz”, talking to large investors and proxy advisers in the wake of revelations about CEO Richard White's private life. 

And meet the nation's leading change-makers across a range of industries from health to energy, art and e-commerce as The Australian publishes The List: Top 100 Innovators 2024 , celebrating the ambition and commitment of our newest entrepreneurs.
Perry Williams
Business editor
The markets


Making news this morning
1
Renewables’ winter woes hit bill relief hope
An increase in wholesale costs last winter will put upward pressure on calculations to determine how much Australians will pay for electricity in 2025.
2
Adgemis hits back at administrator claims
Sydney pub baron Jon Adgemis says administrator’s claims that he pulled $9m out of his troubled hospitality business wrongly classify transactions aimed at propping up the group.
3
Double-digit dream is alive for super fund returns
Superannuation looks set for a sparkling year of double-digit investment gains, but experts warn anything can happen.
Editor's picks
MARGIN CALL
Diamond Joe Gutnick loses the last of his sparkle
Joe Gutnick’s last hurrah is finally coming to an end, as liquidators wind up the last company in the play that was supposed to put ‘diamond’ back into his moniker.
By NICK EVANS
AVIATION
Airline passengers to pay for complaints scheme
A new complaints handling process for airline passengers will come at an additional cost to travellers, the airports association says.
By ROBYN IRONSIDE
EXCHANGE
Strong jobs data dashes hopes of year-end rate cut
There are two reasons why central banks cut interest rates – ability and need. Australia’s exceptionally strong employment report for September all but eliminated the need.
By DAVID ROGERS
Commentary
Going nowhere: White digs in at WiseTech as scandal deepens
By GLENDA KORPORAAL
Senior writer
Indications are that Richard White has no intention of going anywhere, despite WiseTech’s chairman considering a leave of absence for the billionaire tech mogul.
Too big to fail: Star survives to live another day
By GLEN NORRIS
Senior Business Reporter
Star Entertainment, despite its many sins, has been hit with a regulatory wet lettuce following the findings of the Bell II inquiry.
DataRoom
→ PEP may look at Incitec Pivot arm
Pacific Equity Partners is believed to be positioning itself to weigh a purchase of the fertiliser arm of Australian listed industrials group Incitec Pivot when it returns to the market.
→ UniSuper offloading APA shares
Unisuper was offloading $500m of shares in APA Group on Thursday night through JPMorgan.
→ Suitors shortlisted in $1bn Singapore Post’s Aussie contest
Buyout funds will go head to head in the coming weeks to gain control of Singapore Post’s Couriers Please and Freight Management Holdings.

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