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,

Australia’s bulging pipeline of renewable energy developments has been hit by construction and registration delays , with the market operator flagging a substantial increase in the time taken to deliver projects into the nation’s grid.

Bunnings has issued its strategy blueprint for 2025 under the slogan “Better Together”, aiming to repair its relationship with suppliers after a bruising appearance before the Senate supermarkets inquiry in April, while boosting productivity across its supplier network.

It has been two weeks since Adam Bell SC handed his review of Star Entertainment to the NSW casino regulator, and it may not be until early next month that it sees the light of day.
Perry Williams
Business editor
The markets


Making news this morning
1
Social media giant hit by scams fury from Westpac
Meta has been accused by Westpac of failing to deal with a scam and fraud epidemic, with the big four bank taking aim at the tech player for failing to deal with fake posts.
2
Stretched consumers pull down undies sales
Australians have pulled back on buying expensive underwear in favour of value packs of briefs, jockeys and boxers as household budgets continue to be squeezed.
3
Why technological transformation comes at a cost
As the ASX endures legal action over a botched tech upgrade, Oliver Wyman’s analysis has found IT overhauls typically experience huge cost overruns and delays of more than two years.
Editor's picks
EXCLUSIVE
Pubs giant launches loyalty program
Endeavour is unveiling a new points-based loyalty program for its network of 350 hotels to entice customers to make repeat visits to its bars and dining rooms.
By ELI GREENBLAT
COMPETING BIDS
Agents at odds over value of veteran banker’s penthouse
Former Macquarie banker Edward Jewell-Tait is caught in a polite war of words between estate agents after selling his Bellevue Hill penthouse on its second marketing campaign.
By JONATHAN CHANCELLOR
MEDIA
SCA takeover deal pie in the sky … for now
The complexity of the bids being considered for Southern Cross Austereo speaks to the difficulty of navigating Australia’s anachronistic media ownership laws.
By CAMERON ENGLAND
Commentary
Winners and losers in a two-speed economy
By JOYCE MOULLAKIS
Senior Banking Reporter
National Australia Bank boss Andrew Irvine has an interesting take on how the nation’s economy is faring, and it’s a two-part story with some real pockets of pain.
Ban on nuclear power holding Australia back
By ROBERT PRITCHARD
The UK and Australia harbour ambitions to be ‘clean energy superpowers’ but they are going about it differently, and nuclear remains a point of difference.
Dataroom
→ US private equity in hunt for Orora Packaging Solutions
Attention is turning to Clayton, Dubilier & Rice as the likely buyer of Orora Packaging Solutions, which is up for sale for more than $1.5bn through Jarden and UBS.
→ TPG Capital, PEP still competing for Healius Lumus Imaging
The Healius Lumus Imaging sale process is shaping up as a two party battle, with TPG Capital and Pacific Equity Partners believed to be the last contenders in the contest.
→ Macquarie Capital seeks suitors for EQT’s Metlifecare
Investment bank Macquarie Capital is understood to be searching for buyers of private equity firm EQT’s New Zealand retirement village operator Metlifecare.
 
 
Want to change how you receive these emails?
Manage your newsletter preferences or unsubscribe from this newsletter.
Sent by The Australian, GPO Box 4245, Sydney, NSW, 2001 Australia.