Good morning, The battle intensifies for Lendlease CEO Tony Lombardo as he fights to retain his job with the embattled property giant unveiling a new strategy focused on the local market today, while it also faces the prospect of a $112m cash call as it battles with the ATO. Luxury goods marketplace Cettire is in the crosshairs of investors with one instigating an investigation into the company’s complex supply network and customer service, while Australia’s competition regulator probes complaints about its handling of disputes. Business failures are tracking at the highest rates since the aftermath of the Global Financial Crisis as deteriorating economic conditions coupled with poor consumer spending and interest rate pressures damage the fortunes of many companies. |