Email
Here's what's making news this afternoon
To view this email as a web page, go here.
The Australian
 

Good afternoon,

Myer will emerge as a fashion heavyweight with more than $4bn in annual sales through a deal to buy five brands including Just Jeans from Premier Investments.

After more than a decade stalking, playing and pressuring Myer, the $864m deal means retail billionaire Solomon Lew has finally reached his end game, as Eric Johnston writes.

Elsewhere, Mineral Resources has rejected claims it may have breached ASX rules around market disclosures over the tax scandal involving its managing director Chris Ellison.

Perry Williams
Business editor
The markets


Commentary
Solomon Lew finally reaches his very long Myer end game
By ERIC JOHNSTON
Associate Editor
Patience has paid off for the billionaire. The challenge for Myer’s Olivia Wirth will be to use the lessons of Lew’s retail machine in running the department store.
Latest news
CSL defends executive pay after protest vote
CSL has argued its executive pay levels are below the global median for companies in its field, after copping a first strike against its remuneration report from shareholders.
By CAMERON ENGLAND
Healthscope to hit six million patients with $100 hospital fee
Healthscope will charge customers from Bupa and AHSA funds a gap fee for overnight hospital stays, and is urging patients who don’t like it to switch their health insurance.
By CAMERON ENGLAND
‘Evil forces’: news boss’s dire warning about big tech
Seven’s head of news Anthony De Ceglie is demanding the federal government take urgent action to protect the future of journalism. WATCH.
By SOPHIE ELSWORTH
BlueScope flags profit hit from China, US
The steelmaker will target $200m in cost savings as ongoing cost inflation, a slowdown in China and uncertainty ahead of the US election impact its earnings.
By MATT BELL
Noosa to ride five-star wave as developers check in
One of Queensland’s favourite beachside destinations, Sofitel Noosa, is getting a five-star overhaul, while plans are revealed for a new
By LISA ALLEN

image