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The Australian Business Review
 

Good morning,

Transmission line projects are running years behind their initial timetable despite pledges by the federal government to kickstart works, with the slow pace of development sharpening the risk of blackouts and price rises, a report has found.

Two of the nation’s leading retail billionaires, Solomon Lew and Brett Blundy, have temporarily put aside wrestling over shoppers and money. Instead they are battling over chief executive talent – with the highly respected boss of stationery store Smiggle, John Cheston, poached by Mr Blundy’s jewellery store Lovisa right from under the nose of Mr Lew’s Premier Investments.

Qatar Airways has confirmed its interest in Virgin Australia after months of speculation the Gulf carrier was seeking a stake in the airline as part of expansion plans.

Perry Williams
Business editor
The markets


Making news this morning
1
Chinese investors forced to sell down Northern Minerals
The Treasurer’s decision comes after a board restructure triggered by Yuxiao Fund’s push to oust Northern Minerals’ chairman.
2
‘End ban on retiree super contributions’
The Super Members Council is calling for retirees to be allowed to receive contributions into decumulation accounts as it taps Ann Sherry as its new chair.
3
Kalkine changes tune amid regulatory probe
Australian stock tips company Kalkine is now offering investment banking and advisory through its UK outpost, amid a regulatory probe into providing unlicensed advice.
Editor's picks
MARGIN CALL
A psychic guest – who saw that coming?
The Higgins-Sharaz wedding guest list was limited to close family and friends with perhaps one odd exception: a Canberra-based psychic medium whom the groom is very much a fan of.
By YONI BASHAN, ELI GREENBLAT
AVIATION
Boeing woes open door for China’s Comac
Delays in aircraft delivery by both Boeing and Airbus have created a golden opportunity for Chinese manufacturer Comac, says Emirates president Tim Clark.
By ROBYN IRONSIDE
AGRIBUSINESS
La Nina forecast to drive rise in winter crop planting
Despite a mixed start to the season Australian farmers are expected to increase winter crop planting on the back of expectations of a La Nina-inspired recovery in the west.
By CHRIS HERDE
Commentary
RBA likely relieved by minimum wage decision
By DAVID ROGERS
Markets Editor
The Reserve Bank is likely relieved that the Fair Work Commission announced a smaller-than-expected wage increase, economists believe.
How politics scuppered BHP, Anglo’s mega deal
By ROBERT GOTTLIEBSEN
Business Columnist
It wasn’t just about a global takeover offer. South Africa was deeply involved in one of the most tense elections of the post Mandela era, and the deal became a campaign football.
Dataroom
Taco Bell’s struggles not bearing on Guzman y Gomez
Tough trading conditions may take Taco Bell out of the market, but that won’t help or hinder fellow Mexican fast food business Guzman y Gomez, say analysts.
Loscam shapes as $3bn-plus sale, KKR and Brookfield line up
The sale of Loscam is one of the few big assets on the market attracting private equity buyers.
Affinity emerges as mystery APM suitor ahead of $1.3bn Madison deal
The human services provider is set to disappear from the ASX after failing to fire since listing in 2020 as a $3.25bn business.