Email
Here's what's making news this afternoon
To view this email as a web page, go here.


Good afternoon,

Where boards have been cooling on celebrity CEOs, the $8bn Dan Murphy and pubs owner Endeavour has bucked the trend and called on former Virgin boss Jayne Hrdlicka to snap it out of its funk, writes Eric Johnston.

Woodside has committed itself to the ‘game-changer’ Louisiana LNG project , which will test the patience of some investors who have pushed for the company to temper capital expenditure.

It’s been an impressive rebound, but the recovery of Australia’s ASX 200 stock index over the past three weeks to price levels exceeding what prevailed immediately before the April 2 tariff announcements now looks vulnerable to earnings downgrades.

Vesna Poljak
Business Editor
The markets


Commentary
Vicious Labor tax plan a missed campaign winner for Dutton
By ROBERT GOTTLIEBSEN
Business Columnist
It is incredible in our democracy that we could have an election campaign with a vicious tax that will hurt 2.5 million people on the table and not see the Coalition embrace it as ...
Latest news
This investment’s popularity has grown despite stockmarket turmoil
Investors pumped more money into a fast-growing financial product even as shares tumbled earlier this month. Here’s why.
By ANTHONY KEANE
BGH Capital tapped adviser to mull deal for Endeavour: sources
Private equity will be watching the performance of the $7bn liquor retailer closely, as Jayne Hrdlicka gets set to take the helm.
By BRIDGET CARTER
Mineral Resources shares rally after ruling out capital raising
Chris Ellison’s troubled Mineral Resources has reassured investors that there are no plans to raise capital, helping drive its shares up nearly 16 per cent.
By VALERINA CHANGARATHIL
Cashed up Chris Morris looks to buy casino for $200m
Tourism and tech entrepreneur Chris Morris looks poised to buy one of Cairns’ largest tourism assets in a deal valued at more than $200m, as another billionaire bows out.
By LISA ALLEN
AI benefits could reduce house prices, immigration: KPMG
AI’s productivity benefits could give Australia the boost it needs, reducing the amount of jobs which go offshore and keeping revenue onshore, says KPMG’s digital boss.
By JOSEPH LAM

image