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The Australian Business Review
 

Good morning,

The Queensland government has signalled it may move to support thousands of jobs under threat at Star Entertainment’s new $3.6bn Queen’s Wharf project, as speculation grows that the troubled casino operator could face an emergency break-up. 

Meanwhile, private equity behemoth Blackstone and its Canadian partner look set to clinch AirTrunk in a blockbuster $23bn-plus deal that ranks among the largest-ever acquisitions of an Australian company. 

And Virgin Australia executives are increasingly confident they will have the much-needed firepower to fight Qantas when a deal to bring Qatar Airways in as a significant shareholder is approved, writes columnist Tansy Harcourt.
Perry Williams
Business editor
The markets


Making news this morning
1
Law firms oppose back-to-office push
Australian law firms firmly oppose mandatory full-time office policies, with many saying they ‘trust’ their employees to manage work responsibly.
2
CBA executive backs RBA on rate hikes
The business banking boss said small businesses are bearing the brunt of the cost-of-living crisis crunch and higher interest rates.
3
Accountants warn of code of conduct ‘overreach’
A coterie of peak bodies across the accounting and tax industry is demanding changes to the Albanese government’s reforms to the sector, saying current plans were an ‘overreach’.
Editor's picks
MARGIN CALL
Only the smart should lose their dough
WAM boss Geoff Wilson was unimpressed by an investor who complained about the performance of one of his funds – and mused that an aptitude test might be in order.
By YONI BASHAN, NICK EVANS
TRAVEL
Jetstar out, Qantas in on Honolulu route as costs climb
The expense of a Hawaiian holiday is believed to be behind the switch from Jetstar to Qantas on Melbourne-Honolulu.
By ROBYN IRONSIDE
OBITUARY
Business world mourns death of finance stalwart
One of the most influential figures in Australian corporate and finance history, Rob Ferguson, has died after a long illness.
By JOHN DURIE
Commentary
Why three-way split could be final act for Star casino
By ERIC JOHNSTON
Associate Editor
Star’s board is trying to avoid the hidden rocks as the casino navigates safe harbour rules.
RBA boss Michele Bullock’s first-year report card
By JAMES GLYNN
Senior Reporter, The Wall Street Journal
Michele Bullock’s second year as the head of the Reserve Bank will be far more testing, and it will in all likelihood define her success or failure.
Dataroom
→ Papua LNG faces new delay
DataRoom understands that Total may look to pause transport and civil works contracts as it reconsiders the cost and scope of the 5.6 million tonne-a-year facility.
→ French industrial group snaps up NSW manufacturer
Paris-listed electrical and digital infrastructure solutions business Legrand has bought a major NSW manufacturer in its third deal in quick succession.
→ Business growth fund backs Victorian manufacturer
The Australian Business Growth Fund has invested an undisclosed sum into Victorian carpet manufacturing device business Modra Technology.
 
 
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