Good morning, Meet the super fund that’s made a massive windfall on Australia’s hottest tech stock, Canva. Hostplus has made around $1.9bn from an outlay of just $94m on the graphic design company. Power prices will rise in Australia’s electricity grid as big coal power stations are shut down and the rollout of renewable and storage capacity slows, UBS says, with NSW the most exposed once the Eraring plant closes. Origin Energy has acquired a stake in a specialist decarbonisation firm that works with manufacturers, miners and commercial property owners on projects to slash their emissions. |