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James Disney has launched a website with details of a new business venture, but some wonder what top Jarden names are doing there.
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The Australian
 

Good afternoon,

The mystery has finally been solved about James Disney’s next move following his departure from Credit Suisse, writes Bridget Carter.

The nation’s largest supermarket chains Woolworths and Coles have been accused of using their financial muscle and dominant market power to scoop up land, properties and shopping centres, in a practice known as ‘land banking’, to shut out competition and gain a stranglehold on a neighbourhood.

The biggest drawback to Anthony Albanese’s “Made in Australia” campaign is that both China and the US are adopting the same policy, writes Robert Gottliebsen.

The Australian sharemarket snapped its three-day winning streak, with falls across the board, led by property and consumer discretionary stocks as bond yields surged. The ASX 200 dropped 0.4 per cent to 7,813.6 points on Thursday, while the broader All Ordinaries fell 0.4 per cent to 8,074.1 points.

Perry Williams
Business editor

The Markets

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The Big Read

The closure of Qenos could blow a fresh hole in plans to increase plastics recycling in the country, industry experts say, as small manufacturers that buy from Qenos say they have been treated “with contempt” by the company, which is yet to give any clear indication of its future plans to local customers.

The Australian revealed last week that Qenos’s Chinese owners had reached a deal to sell the company to property developer Logos, heightening concerns the Australian plastics major is quietly planning to close down by the end of the year.

By Nick Evans

Read more

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