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The Australian Business Review
 

Good morning,

The number of people struggling to pay electricity bills jumped 18 per cent between 2022 and 2023, the competition regulator found, underscoring the cost-of living crisis that has sapped support for the government.

Sir Donald Trescowthick - businessman, thoroughbred racing lover and champion of the Olympic sports movement - will be honoured this weekend. A chat with Bob Hawke four decades ago lit the flame for the PM's Olympic Dinner.

Westpac chief executive Peter King says the narrow path the Reserve Bank is on is now more uncertain because of sticky inflation, as pressure grows for a rate rise.
Perry Williams
Business editor
The markets


Making news this morning
1
Mathieson gets green light to lift stake in The Star
Billionaire pubs baron Bruce Mathieson has been given the all clear by NSW regulators to increase his holding in troubled casino company Star Entertainment Group. 
2
Inflation delivering more good news for cash savers
Cash in the bank has become more alluring as banks increase interest rates, but many savers still miss out on money.
3
‘Time right’: Austal chairman to step down
The long-serving chairman and founder of shipbuilder Austal, John Rothwell, has stepped down from the role amid a takeover battle with Korean conglomerate Hanwha.
Editor's picks
MARGIN CALL
Deloitte heavies humbled in court
A courtroom capitulation is one of the few acceptable forms of public humiliation still left for a society to relish, especially when it involves the insolvency team at one of the world’s largest accounting firms.
By YONI BASHAN
FROM THE ARCHIVES: 1990S
This is what all-out industrial warfare looks like
Patrick Stevedores’ sacking of 1400 workers was the start of all-out industrial warfare, backed by a government that wanted to break the Maritime Union of Australia’s waterfront power. But in the middle were ordinary workers.
By STAFF WRITERS
PROPERTY
How digital real estate is powering ahead in the AI age
Big players are jostling for position adopting artificial intelligence into their industry and data centre real estate has emerged as a crucial element in the battle for supremacy.
By ADRIAN HARRINGTON
Commentary
Firing line for some sectors as rate hike jitters hit markets
By DAVID ROGERS
Markets Editor
A restart of rate hikes would complicate the stock market outlook with banks, consumer discretionary and housing-related stocks in the firing line, according to Morgan Stanley.
RBA has no option but to raise rates in August
By JAMES GLYNN
Senior Reporter, The Wall Street Journal
There will have to be a stunning reversal in the inflation trajectory to allow the RBA to save face and avoid raising interest rates at its next meeting.
Dataroom
→ Canadian resumes fact gathering into De Grey
Canada’s Agnico Eagle is believed to have stepped up its information gathering into WA-based gold producer De Grey Mining.
→ Chinese interests front runners in chase for Newmont asset
African gold miner Perseus is out of the contest for Newmont’s Akyem gold mine in Ghana, and Chinese parties are said to be strongly placed to bid top dollar.
→ Andrew Forrest set to assert himself in Austal battle
The Western Australia-based billionaire is a major shareholder in Austal and wants a seat at the boardroom table.
 
 
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