Good morning, Perpetual would be split into Australian and global operations under a transformation plan to unlock value proposed by fund manager Rodney Forrest, who's lobbying for a seat on the debt-laden financial services giant's board. Meanwhile, the former head of the Business Council of Australia, Jennifer Westacott, has warned that the nation risks a “contagion” of anger and resentment unless it addresses its failings towards middle-class and working Australians. And Star Entertainment Group’s Queen’s Wharf is countersuing for millions of dollars in lost rent from luxury retailer DFS Australia after plans for a shopping precinct at the new casino property in Brisbane were abandoned. |