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The Australian
 

Good afternoon,

Staff, suppliers and lenders are increasingly on edge over the future of the Jon Adgemis pub empire, as parts of it start to collapse and reports surface of his bills not being paid.

Guzman y Gomez, known for its brekkie burritos and $3 tacos, has made a bumper start to life on the ASX, stoking hopes the $2.2bn company’s float will enliven a dormant domestic IPO market.  

Super funds are on track for high single digit returns for the financial year ending June 30, with the median growth fund delivering a gain of 9 per cent, boosted by recent sharemarket strength.

Perry Williams
Business editor
The markets


Commentary
On alert: storms gathering over our precious water supply
By ROBERT GOTTLIEBSEN
Business Columnist
There are difficult decisions ahead for dam control, but it would be easier to make the right choices if the CSIRO and Bureau of Meteorology weren’t entwined with climate change ag...
Latest news
Market operator issues dire gas supply warning
Australia’s energy market operator has warned fuel supplies are running tight and without urgent action there could be insufficient reserves for the rest of winter.
By COLIN PACKHAM
Sydney elite stand to lose the most in Adgemis collapse
Members of eastern Sydney’s elite are among those with the most to lose from the unravelling of Jon Adgemis’s pub group as lenders look to go it alone in selling hotels to recoup debts.
By BRIDGET CARTER
‘Excellent outcome’: super funds flag 9pc gain
The median growth fund is set to return 9 per cent for the financial year ending June 30, but passive strategies have fared even better.
By CLIONA O’DOWD
Hungry investors: Guzman y Gomez sizzles on ASX debut
The Mexican food chain, known for its brekkie burritos and $3 tacos, has made a bumper start to life on the ASX, stoking hopes the $2.2bn company’s float will enliven a dormant domestic IPO market.
By JOYCE MOULLAKIS
Property companies slash jobs as tough times bite
The property industry has been hit by a wave of redundancies as large companies combat the stalling commercial market with cost cutting in traditional areas.
By BEN WILMOT