Email
Get the latest from The Australian Business
To view this email as a web page, go here.

Good morning,

Federal Resources Minister Madeleine King has told Australia’s gas industry to curb its attacks on government policy and instead engage in a constructive dialogue with the re-elected Albanese government after three years of warring over ALP regulatory interventions. 

Meanwhile, Mineral Resources shares are expected to come under pressure after the Chris Ellison-led miner downgraded its guidance by as much as 10 per cent due to the troubled haul road that underpins its Onslow Iron ore operations in Western Australia.

And big investors are urging Nufarm chair John Gillam to put a ‘for sale’ sign on the entire company with its stock price plummeting 42 per cent since reporting a weak first-half profit. 

Vesna Poljak
Business editor
The markets


Making news this morning
1
The questions Telstra must answer about its coverage
Australians deserve to know how reliable the nation’s biggest telco is and where it provides coverage to a regular mobile phone under normal use.
2
‘Do your job’: ASIC reads super trustees the riot act over service failures
The corporate regulator told the boards of superannuation funds their mistreatment of members is eroding trust in the system. ‘We’ll continue to do our job of driving trustees to do theirs,’ Commissioner Simone Constant said.
3
Healthscope hangs in balance as hedge funds face off with landlords
Healthscope’s lender syndicate may want a quick sale to get a tidy return. But its landlords are not so keen on taking a haircut on their rents, and a break-up of the group could leave some hospitals to wither.
Editor's picks
MARGIN CALL
At the UWU, united they stand and exhausted they fall
They’re ferocious holding toxic workplaces to task so what can we make of the burnout and psychological distress among United Workers Union staff, according to an internal survey?
By NICK EVANS, YONI BASHAN
Commentary
Investors seek global assets amid Trump uncertainty
By DAVID ROGERS
Markets Editor
BlackRock is seeing more demand for assets outside the US, with Australian investors increasingly hedging US equity exposures amid volatility.
DataRoom
Harmony Gold buys MAC Copper for $1.6bn after auction
The South African group will purchase the miner after top ASX-listed groups like South32 showed interest.
Sev.en buys up Coronado’s debt raising takeover prospects
Czech group Sev.en is understood to have bought more than $US40m of Coronado Global Resources debt which could pre-empt a takeover move.
Barings, GIC among suitors with an eye on Keyton
Multiple suitors, including Asian private equity firm Barings and GIC, are considering a purchase of the $3bn Lendlease-backed retirement operator Keyton.

image