Email
Get the latest from The Australian Business
To view this email as a web page, go here.

Good morning,

Former WiseTech chairman Richard Dammery has criticised superannuation and investment giants for failing to present a united opinion on major corporate issues, with ESG experts and portfolio managers from the same fund delivering different views to boards. 

Meanwhile, billionaire Harry Triguboff, the largest private apartment developer in the country, is relieved the federal election is over so buyers can have certainty, which he believes will stimulate the lacklustre housing market.

And bank stock prices have been hitting it out of the park — but Westpac's disappointing first-half result reveals a gap between expectations and the hard numbers, writes James Kirby.

Vesna Poljak
Business editor
The markets


Making news this morning
1
Labor urged to move faster on energy transition
Emboldened by Labor’s sweep, renewable energy proponents have urged Anthony Albanese to capitalise on his political momentum and hasten the transition away from coal.
2
Vodafone hits satellite milestone as Optus faces Musk woes
Vodafone owner TPG has sent its first direct-to-smartphone text message from Lynk Global’s fleet of low-orbiting satellites, while Optus has suffered setbacks in its deal with Elon Musk’s Starlink.
3
Charter Hall snaps up Geelong’s Corio Village in $146m deal
The funds manager is again buying convenience retail assets as it seeks to expand its holdings in the high-performing area.
Editor's picks
MARGIN CALL
Jabiluka case looms as huge waste of time and money
Did Anthony Albanese have the right to kill mining at the rich Jabiluka uranium deposit? We may never know the answer to that question.
By NICK EVANS
AVIATION
‘Like being on your couch’: Air New Zealand unveils new look
Air New Zealand has shown off its first retrofitted 787 that brings more economy leg room, a sky pantry and lie-flat business class seats. Plus a sneak peek at Skynest bunk beds | WATCH THE VIDEO
By ROBYN IRONSIDE
MASS DISRUPTION
ChatGPT has the answers, leaving Google searching for its own
AI is fast changing the way people find information online, including how they use search giant Google, and in turn, how Google makes money from advertisers, sparking a ‘seismic shift’.
By JARED LYNCH
Commentary
Westpac CEO’s nod to the past to make banking great again
By ERIC JOHNSTON
Associate Editor
The back-to-basics approach is a nod to Westpac’s golden era under chief executives Bob Joss and David Morgan.
Are loans with 10 years interest-only the future of mortgages?
By ANTHONY KEANE
Personal finance writer
Home loans with longer interest-only periods, offering lower initial repayments, are appearing in Australia as housing costs climb.
DataRoom
Qube on hunt to grow through acquisition
There’s further speculation in the market that Australian listed logistics group Qube Holdings could be plotting a major acquisition.
Shareholders revolt over Gold Road buyout
Shareholders in Gold Road Resources are understood to have written to the company’s board and threatened to sack directors if they did not engage with suitor Gold Fields.
Affinity looking to build out imaging business
Affinity Equity Partners is believed to once again be on the acquisition path in the radiology industry, as it searches for bolt-on purchases for Lumus Imaging.

image