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,

Centennial Coal will cut 200 jobs from its Mandalong mine in NSW after failing to win a new supply deal with Origin Energy for its Eraring coal power station, blaming the state coal caps and high costs for its decision.

Meanwhile, almost 40 staff have been sacked from GFG Alliance’s mining operations at Whyalla in South Australia amid rumours a further 80 jobs are on the line over the coming months.

And a major Nine Entertainment institutional investor has backed the sudden departure of CEO Mike Sneesby , saying he had to go because of cultural issues, revenue challenges and questions over the Domain listings business.

Perry Williams
Business editor
The markets


Making news this morning
1
The world’s best airline loyalty program revealed and where Qantas Frequent Flyer ranked
Travel tech company PointMe has conducted the first independent analysis of more than 60 airline loyalty programs ... and the news isn’t great for loyal Qantas customers.
2
Capitals lead the way in spring selling
The nation’s largest capitals have seen a rise in listings which could ease the pressure on prices for hard-pressed buyers.
3
ASIC puts super funds on notice over private asset push
The corporate regulator is warning of consequences for retirement giants that fail to disclose blow-ups in their unlisted and private assets, amid calls for more transparency around valuations.
Editor's picks
MARGIN CALL
Our dollars at work, with pride
Washington-based ambassador and former PM Kevin Rudd takes pride in his job and isn’t shy to show it, even if it means invoicing for a $100,000 rainbow knees-up at the swanky new embassy.
By YONI BASHAN, NICK EVANS
INVESTING
Why technology company share prices and valuations are 'crazy'
An 8 per cent, $324bn overnight share price rise by AI chip giant Nvidia helps explain why some experts worry about tech stocks.
By ANTHONY KEANE
Commentary
JPMorgan warns of sharemarket correction
By DAVID ROGERS
Markets Editor
The worst month for equity fund flows since the end of 2022 ‘portrays a picture of fragility rather than resilience’ in terms of retail investors’ impulse into equities, JPMorgan w...
Former governors doubt Reserve Bank reforms
By JAMES GLYNN
Senior Reporter, The Wall Street Journal
It’s an odd thing in a democracy that unelected central bank officials are granted unfettered economic power, however independence is viewed internationally as best practice.
Dataroom
Cuscal gets cracking on revived IPO plans
The window for initial public offerings and other equity capital markets deals could be reopening with a rally on the ASX.
Aussie buyers chase $NZ1.5bn Kiwi electricity network
New Zealand councils wanting to raise money through asset sales are providing lucrative opportunities for Australian infrastructure investors.
Bidders on the home stretch for Healius imaging unit
The last suitors left in the running for the $700m Healius diagnostic imaging business are putting the finishing touches on their final offers.