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

Good morning,

BHP boss Mike Henry has criticised Queensland as an investment ­destination , putting newly elected Premier David Crisafulli on notice that the mining giant will seek changes to the former Labor ­government’s super-profits coal royalties scheme. 

Meanwhile, award-winning architect Rob Mills and his firm are the subject of bullying allegations made by a staff architect and a hot mic recording reveals she was allegedly performance-managed out of her role before making claims about workplace issues. 

And Qantas has launched legal action against a former senior pilot who is alleged to have stolen confidential information about the airline’s fleet and commercial strategy before resigning to work for arch rival Virgin Australia. 

Perry Williams
Business editor
The markets


Making news this morning
1
ASIC sues high-interest, high-fee lender, and more cases coming
Former footy stars were among those hit by Oak Capital’s lending model, and Australia’s corporate cop is fighting back.
2
Dexus hit by second strike as investors rebel over CEO pay
The landlord has copped a protest vote on the back of unhappiness about how it was planning to reward its new chief executive.
3
Richlister Eisen steps down from Afterpay
Anthony Eisen became one of the country’s wealthiest men after co-founding tech giant Afterpay more than a decade ago - now he has left his executive role to focus on philanthropy.
Editor's picks
RESOURCES
Pilbara Minerals boss tips lithium carnage as price slumps
Pilbara Minerals is moving a plant into care and maintenance until lithium’s price improves and CEO Dale Henderson is surprised more producers haven’t already hit hard times.
By BRAD THOMPSON
MARGIN CALL
Friend and foe bury the hatchet for Qantas book launch
What to think of the illustrious guest list at Sydney’s Hemmesphere cocktail bar for the launch of Joe Aston’s book about Qantas? A whole lot of hatchets buried by the looks.
By YONI BASHAN, NICK EVANS
Commentary
Rates, Cup or the presidency – where’s the smart money?
By GLENDA KORPORAAL
Senior writer
Brace for a big week when the RBA announces its latest rates decision just as Australians are glued to the nation’s biggest horse race while Americans vote in a world-shaping presi...
Why the investment market has finally turned on Cbus
By JAMES KIRBY
Wealth Editor
Industry fund Cbus and its chair, ALP national president Wayne Swan, can no longer duck from criticism as a key investment report points to internal problems.
DataRoom
Bowen struggles to raise $70m
Bowen Coking Coal appears to be struggling to raise the $70m it was searching for at the start of this month, as its shares continue to be suspended from trading.
Whitehaven positions for a tilt at giant Kestrel coal mine
Whitehaven Coal is understood to be positioning itself to line up for the $US3bn-plus Kestrel coal mine process when it comes up on offer.
EMR Capital readies adviser to consider options for 29Metals
Private equity firm EMR Capital is believed to close to hiring an adviser to decide what to do with its stake in copper miner 29Metals.

image