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The Australian Business Review
 

Good morning,

The Mineral Resources board came under attack on multiple fronts at its AGM after a backlash from retail shareholders who want maverick managing director Chris Ellison to stay at the helm of the company despite his involvement in tax evasion and dubious third-party deals. 

Meanwhile, agribusiness leader Hugh Killen - featured in The Green List: Australia's 100 Top Energy Players, published today - says millions of dollars of global capital is headed for the “safe haven” of Australia, with investors prepared to wait for years for their pay-off from “green” farming. 

And industry leaders say forcing the Future Fund to prioritise renewable energy projects will give developers a new avenue for funding but it will not accelerate the transition away from coal because developments remain curtailed by transmission delays and planning roadblocks.
Perry Williams
Business editor
The markets


Making news this morning
1
GQG takes hit with all eyes on Adani
Shares in fund manager GQG Partners plunged on Thursday after it said it was monitoring bribery charges brought against Indian billionaire Gautam Adani in the US.
2
Senators put PwC on notice over tax leak
A Labor senator will write to the US consulting sector regulator, alerting it to allegations a member of PwC International also allegedly received confidential Australian government tax plans.
3
Netflix in dock over pregnant staff member
Streaming giant Netflix is facing claims its Australian marketing director told his pregnant staff member she was ‘catastrophising’ a medical condition, before her position was axed.
Editor's picks
MARGIN CALL
Hot-shot law firm firing blanks
Global law firm Pogust Goodhead entered the Sydney market raring to mount class actions against big Australian companies. The place is now falling apart.
By YONI BASHAN, NICK EVANS
THE LIST
The Green List: Australia’s Top 100 energy players
They are the foot soldiers in the climate revolution – the policymakers, manufacturers, CEOs, innovators, investors, spruikers and advocates committed to changing the energy basis of our economy. Meet the powerful in power.
By THE AUSTRALIAN
TRAVEL
Airline industry struggling to shake off long Covid
Qantas is flying at its pre-pandemic levels but the nation’s total capacity is still down 2.6 per cent because of sluggish demand from China along with global aircraft and crew shortages.
By TANSY HARCOURT
Commentary
WiseTech moving on with life without White
By ERIC JOHNSTON
Associate Editor
In comparison to MinRes, the WiseTech board has managed to engineer the transition of a dominant CEO into a new role. And the ‘founding CEO’ title is also gone.
History points the way to boosting productivity
By ROD SIMS
Contributor
The Hilmer National Competition Policy reforms of the 1990s were a key driver in a surge of productivity growth that has underpinned Australia’s current pros­perity.
DataRoom
→ Is the market really ready for more IPOs?
Companies hoping that the markets will improve so they can list their businesses on the Australian Securities Exchange may be holding on a little longer after Symal opened flat on Thursday.
→ Bids land for $2bn Campus Living Villages
Campus Living Villages is for sale as student accommodation remains a hot topic of political debate in Australia.
→ Ravenswood Gold Mine owners kick off $2bn sale campaign
EMR Capital and GEAR are understood to have fired the starting gun for the $2bn sale process of its Ravenswood Gold Mine, with promotional material now in the market.

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