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The Australian Business Review
 

Good morning,

Investment bank Barrenjoey's star board recruit, former Reserve Bank governor Philip Lowe, has urged policymakers to tackle tough supply-side reforms across the economy or confront economic stagnation and flatlining living standards.

Meanwhile, troubled casino operator Star Entertainment has secured a new $200m financial rescue package ahead of the release of its unaudited results on Thursday but it remains locked in talks with the Queensland government over a tax deferral deal. 

And the UK’s largest online real estate property portal Rightmove has shrugged off calls from key investors to open talks with REA Group over a $12bn takeover proposal.
Perry Williams
Business editor
The markets


Making news this morning
1
MaxCap rides the boom in private credit
Real estate funds manager MaxCap Group has lifted its funds management empire by $1bn and hired a former NAB executive as its chief financial officer.
2
Metricon keeps crown as biggest residential builder
Australia’s largest residential builder, Metricon Homes, has been named Australia busiest builder for the ninth consecutive time as the sector shows signs of recovery.
3
‘Stop bagging the RBA’, says Premier boss
Billionaire Solomon Lew, a former RBA board member, has warned the Albanese government to stop bagging the RBA over interest rates and do the heavy lifting itself by beating down inflation.
Editor's picks
MARGIN CALL
Your discount deal is in the post
When a famous bootmaker looks like walking to a competitor what’s the best way to put the foot down? Australia Post has fuelled some questions about its RM Williams discount offer.
By YONI BASHAN, NICK EVANS
EXCLUSIVE
US troops’ phone hack protector on why you’re vulnerable
Texas-based Zimperium, which protects the mobile phones of US troops, says Australians are among the world’s worst for downloading apps from non-official sites.
By JARED LYNCH
EMPLOYMENT
Don’t like return-to-office edict? Atlassian is hiring
Australian software giant Atlassian has taken a dig at rivals’ return-to-the-office order and says it has more than 300 jobs available to those who don’t want to go back.
By JARED LYNCH
Commentary
How Solomon Lew plans to get his retail mojo back
By ERIC JOHNSTON
Associate Editor
The billionaire retailer has three big strategic issues to tackle to get his empire of Smiggle through to Just Jeans firing again.
Qantas strikes start today as CEO works to fix bruised brand
By TANSY HARCOURT
Senior reporter
Engineering staff at Qantas will strike on Thursday as Vanessa Hudson juggles repairing the airline’s brand while keeping costs down.
Dataroom
→ Hanwha calls time on $1bn Austal pursuit
Hanwha has made efforts to buy Austal for a year but is now walking away.
→ AusSuper frontrunner for stake in Queensland Airports
Gold Coast Airport owner Queensland Airports was believed to be close to finalising the sale of a major stake in the business on Wednesday.
→ Campana adds Ord Minnett to IPO ticket
The market is starting to see some IPOs return as interest rate cuts in the US fuel momentum.
 
 
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