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Good afternoon,

Macquarie Group has flagged the potential for a significant scaling up in its private credit operations and shrugged off the impact of the US pulling back from green energy, as it reported broadly flat net profit.

Where the trend in business is to slim down, spin-off and simplify, Ryan Stokes has been going in the other direction, writes Eric Johnston.

Securing access to a key cog in the NSW renewables plan will come as relief to Origin following its $300m acquisition of the giant Yanco Delta wind development.

Perry Williams
Business editor
The markets


Commentary
Unrestrained and unfair ATO powers need to be curtailed
By ROBERT GOTTLIEBSEN
Business Columnist
From around Australia I am getting clear messages from smaller accounting firms that the bad days of Australian Tax Office abuse of family enterprises have returned with a vengeanc...
Latest news
Origin to win prized transmission access
Securing access to a key cog in the NSW renewables plan will come as relief to Origin following its $300m acquisition of the giant Yanco Delta wind development.
By COLIN PACKHAM
Steel distributor takes swipe at Victoria, Gupta
There are bigger issues than tariffs, such as the grim Victorian economy and aggressive stock liquidation by someone ‘desperately trying to turn steel into cash, says steel maker Vulcan.
By BRAD THOMPSON
APRA investigates Cbus spending
The construction industry super fund handed more than $2m to unions in fiscal 2024 and is facing a fresh insurance scandal.
By CLIONA O’DOWD
US vaccine aversion a headwind for CSL
Vaccine aversion in the US has put a hole in CSL revenues in the first half, with the company saying the flu season is shaping up to be the worst in 15 to 20 years.
By CAMERON ENGLAND
Bank closure ban extended to 2027
A string of deals from the banking sector have been struck, amid a looming plan to punish banks with limited rural and regional presence.
By DAVID ROSS

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