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

Good morning,

BHP’s leadership focus is expected to shift to finding a suitable successor for chief executive Mike Henry after the mining giant locked in former National Australia Bank chief executive Ross McEwan as its next chairman.

Commonwealth Bank chief executive Matt Comyn is ramping up the lender’s technology investment to record levels, given his staunch view of the role artificial intelligence, digital infrastructure and tech execution will play over the next decade. 

The board and management of cobalt play Jervois Global have been accused of tearing up $1.6bn in shareholder value as they push ahead with a voluntary administration deal in the US that will leave shareholders empty-handed.

Perry Williams
Business editor
The markets


Making news this morning
1
Beulah launches rescue mission for $2bn Southbank tower
The developer behind plans for the nation’s tallest building is trying to find a backer, despite the project management company of the $2bn Southbank skyscraper falling into administration.
2
Surge in renewable energy funding
More than $9bn worth of renewable energy projects secured ­financial commitments in 2024, buoying hopes that Australia could yet reach its 2030 emissions targets.
3
Shahin heir buys in with big stake in health venture
The member of Adelaide’s billionaire Shahin family has taken a significant stake in a new firm.
Editor's picks
MARGIN CALL
Champagne and burritos as Douglass dines out on GYG
Former Magellan chairman Hamish Douglass has broken cover to celebrate his good fortune at keeping a sizeable toe in the water with fast food chain Guzman y Gomez.
By YONI BASHAN, NICK EVANS
HOUSING
How the jobs market is reshaping the property sector
A split is emerging between regions with strong employment growth in areas like healthcare and technology, and areas still reliant on struggling industries that may suffer stagnation.
By HARI HARA PRIYA KANNAN
MARKETS
JPMorgan preaches caution on stocks as Trump turns tariffs screw
Stocks have so far been resilient to an emerging tariff war but investors looking for a repeat of the strong gains seen in the first year of Donald Trump’s first term could be disappointed.
By DAVID ROGERS
Commentary
Banker Ross McEwan will shape BHP for decades to come
By ERIC JOHNSTON
Associate Editor
The former NAB chief executive has one major job ahead as he takes on Australia’s most powerful board role.
Where to now for new pharmacy giant?
By GLENDA KORPORAAL
Senior writer
How will the once fiercely private Chemist Warehouse group handle the transition to the scrutiny of a major publicly listed group?
DataRoom
Chemist Warehouse-Sigma merger facing first test on stockmarket
How the combined group trades depends on how many pharmacy owners cash in on day one.
EQT keen on $1bn-plus Device Technologies
The sale is shaping up to be one of the largest auctions for an Australian healthcare business this year.
Mercer joins the action on Insignia Financial
A three-way takeover battle is already playing out for Insignia Financial, and now there’s even more weighing in on the action.

image