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The Australian Business Review
 

Good morning,

Australia’s stubbornly high inflation rate may lead to a restart of interest rate increases, after revelations the nation’s monthly CPI indicator for May was a “shocker”.

The energy transition is progressing and so to abandon the so-called road map would waste billions of dollars and risk “huge” opportunities for regional Australia, the head of Andrew Forrest’s energy company says. 

Billionaire Manny Stul says a groundbreaking deal his Moose Toys business has struck with the world’s most popular YouTube personality, MrBeast, is a “game changer” for his globally successful company.
Perry Williams
Business editor
The markets


Making news this morning
1
Goldman eyes local direct credit plays
Goldman Sachs Asset Management wants to invest more in Australia following its $30bn fund raising, ­according to its global co-head of private credit, James Reynolds.
2
Home prices to rise by 5 per cent in 2024
Buyer demand is holding up in the face of fears that interest rates will remain higher for longer but the nation’s capitals are moving at different speeds.
Editor's picks
RETAIL
Westfield shopping centres to livestream Olympics
Westfield shopping centres will open their doors at all hours to livestream competition from the Paris Olympic and Paralympics.
By CHRIS HERDE
MARGIN CALL
Snapchat‘s transparent political gambit
Snapchat has announced measures to protect its teenage users from predators, coincidentally or perhaps not, just as its policy honcho faces an Australian parliamentary grilling.
By YONI BASHAN
FINANCIAL SERVICES
FAAA targets students to bolster declining adviser numbers
The Financial Advice Association Australia will launch a campaign to attract students into the field to offset a sharp decline in numbers.
By MATT BELL
Commentary
McCann’s crowning glory Star gig has tongues wagging
By GLENDA KORPORAAL
Senior writer
There was more than a hint of jealousy in comments made about Steve McCann’s Star Entertainment appointment, following his lucrative Crown Resorts stint.
Why middle Australia is borrowing from pawnbrokers
By JAMES KIRBY
Wealth Editor
The cost-of-living crisis is pushing a greater number of middle class Australians than ever to use the most expensive finance option available – the services of a pawnbroker.
Dataroom
→ Medibank in the waiting room for GP acquisitions
Months after Medibank Private and Macquarie Group teamed up to make acquisitions in the healthcare space, they could be preparing to do it again.
→ Ampol getting a taste for food outlets
With Retail Food Group worth less than $200m and Ampol worth over $7bn, could the food franchise business be a buying opportunity for the fuel retailer?
→ Initial bids for Loscam weeks away
Bidders for logistics company Loscam are expected to make their first round offers about the middle of July.
 
 
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