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

Good morning,

New sources of gas that have been earmarked to fix a looming east coast shortfall will not be ready in time and cost just as much as imported LNG, warns consultants Rystad Energy in a new report.

Meanwhile Super Retail Group, which has been embroiled in bullying claims and allegations of an illicit relationship between its chief executive and former head of HR, has told shareholders that its profit margin is under pressure amid a cost blowout and subdued trading conditions.

And the student accommodation ­sector is emerging as a potential winner from greater policy certainty in the wake of the ­ Albanese government’s re-election with top operator and developer Scape securing backing from an international investor for a new $6bn fund.

The markets


Making news this morning
1
Fallen miner AVZ strikes US deal on Congo lithium project
The potential sale to the company, backed by Bill Gates and Jeff Bezos, is a rebuff to Chinese interests in Africa.
2
Retailers’ sales updates spur mixed reactions
JB Hi-Fi has booked solid but slowing sales growth, while Temple & Webster has reported an upbeat update.
3
Mining lobby supports its tough-talking CEO in Labor’s second term
Australia’s Minerals Council denies it crossed the line in a hard-fought election campaign where the result has put pressure on CEO Tania Constable for her backing of the Coalition.
Editor's picks
MARGIN CALL
Tabcorp’s ‘future of wagering’ play a long shot
Tabcorp chief executive Gill McLachlan’s grand vision for live sports-betting in pubs and clubs fell at the first fence in Victoria and still has hurdles to jump in NSW.
By YONI BASHAN
DEMOGRAPHICS
How a booming population will reshape the nation’s cities
No major city in Australia apart from Melbourne will have the capacity over the next half century to deliver greenfield housing at the required scale within 30 km of the CBD.
By BERNARD SALT
MARGIN CALL
Israeli President’s glowing praise for NSW Premier
Isaac Herzog’s warm letter of gratitude to NSW Premier Chris Minns also delivered a finger in the eye to Anthony Albanese.
By YONI BASHAN
Commentary
After playing defence, NAB’s new challenge is how to attack
By ERIC JOHNSTON
Associate Editor
NAB dominates a market that everyone wants a slice of. CEO Andrew Irvine will need to draw on every ounce of his banking experience to get bigger.
Trade deal hopes lift stocks but what are the risks?
By DAVID ROGERS
Markets Editor
Trade deal hopes buoyed stocks and sparked profit taking on gold after the US and China said officials would meet for the first time since the tariff war erupted.
DataRoom
London-based debt investor scoops up Healthscope loans
A new name has emerged as a contender to influence the outcome of Healthscope’s future, with European-based debt investor Polus Capital Management surfacing as a buyer of its loans.
Zip takes buyout talks off the table amid US highs
The non-bank lender and buy now, pay later services provider says the US market is evolving but remains resilient.
Kelsian launches tourism sale with hopes that conditions improve
The bus operator is distancing itself from its Sealink ferries and resorts, with those in Queensland hit by Cyclone Alfred.

image

Sponsored

image