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Major Australian companies including Rio Tinto, Wesfarmers, National Australia Bank and Alinta have demanded Labor use its decisive election victory to boost productivity and improve the lives of Australians to counter the hit to growth from the global trade war.

Meanwhile, one of Australia’s biggest energy retailers has called for an end to Labor’s multi-billion dollar energy rebates, declaring the current $1.8bn handout from the federal government should be its last.

And Platinum Asset Management founder and billionaire Kerr Neilson says the global equities house lost its way when stockpicker rewards were untethered from investment performance, as the firm looks ahead to its potential merger with L1 Capital.