Today
APA suffers protest vote on pay as chairman warns on climate targets
Michael Fraser said energy policies need to be “realistic” to avoid losing public support for the transition as prices rise and the lights go out.
- 15 mins ago
- Angela Macdonald-Smith
- Opinion
- Chanticleer
Inside Origin’s $18.7b game of M&A bluff
Origin Energy’s takeover is unlike any major deal we’ve seen in the past decade. The ball is firmly in Brookfield and EIG’s court.
- 1 hr ago
- Anthony Macdonald
IFM snares $3b deal for European mega-airport
The Australian investment manager shrugs off Europe’s infrastructure blues, teaming up with France’s Vinci to win a Polish tender worth as much as $3 billion.
- Hans van Leeuwen
Yesterday
- Exclusive
- Roads
New road, rail spending slumps as Labor tells premiers to cut back
Just eight new projects valued at $6.6 billion were added in 2022-23, a sharp decline on the 24 projects valued at $25.3 billion added the year prior.
- Ronald Mizen
This Month
Ding ding! Round two under way for $500 million-plus Cura auction
The $11.4 billion private hospital operator looks at plenty of deals and isn’t likely to get into a sword fight with overzealous private equity.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Big builders argue against new federal payment rules
The Australian Constructors Association says the industry is no worse than any other at paying its bills, but the author of a key 2017 report disagrees.
- Michael Bleby
NSW pumps $128m into community benefits for first green energy zone
Funds will flow early to projects in communities impacted by new transmission and renewable energy projects, in a bid to improve local support.
- Angela Macdonald-Smith
‘No choice’: Origin deal faces mounting opposition
With Origin shares trading well above the offer price from the Brookfield consortium, it is in no one’s interest to support the deal, VanEck says.
- Angela Macdonald-Smith
Make EV drivers pay or face cost-of-living backlash, Labor told
The federal government is reluctant to bring in a road-user charge for electric cars because it believes ownership rates of low-emission vehicles are still too low.
- Jacob Greber and Gus McCubbing
Former VicTrack boss breached code of conduct: auditor-general
The former head of Victoria’s rail agency, Campbell Rose, suggested that a government joint venture should give him an equity stake.
- Jenny Wiggins and Gus McCubbing
- Exclusive
- Funding
Big money is back as space tech start-up raises $120m
Skykraft, which is building satellites to communicate with aircraft in flight anywhere in the world, has closed one of the year’s biggest investments.
- Paul Smith
- Updated
- Mergers & acquisitions
ACCC cites energy transition in approving Origin’s $18.7b takeover
A surge in Origin’s shares after its suitors won competition approval for their takeover offer has added further pressure for a bump-up in the offer price.
- Updated
- Angela Macdonald-Smith
- Opinion
- Chanticleer
Origin Energy’s $18.7b takeover now all about price
The ACCC approved Brookfield’s bid for Origin Energy on public benefit grounds. But Origin’s shareholders are more worried about price.
- Anthony Macdonald
Transgrid overcooked cost of alternate HumeLink plan, residents claim
A residents group agitating for major poles and wires to be buried underground says the energy giant overstated the cost by more than 50 per cent.
- Samantha Hutchinson
How ‘nation building’ can deliver competitive super returns
AustralianSuper’s Don Russell cites infrastructure as an area where the $3.5 trillion sector has helped modernise Australia without compromising on returns.
- Hannah Wootton
- Opinion
- Chanticleer
Sydney Opera House worth $15b, number crunchers at Deloitte say
But the assignment was not just about punching earnings into a discounted cash flow model. It is measuring concepts, not just money in the till.
- Anthony Macdonald
Pallas evokes Paris in defence of $200b rail project for Melbourne
Victorian Treasurer Tim Pallas has defended the controversial $200 billion Suburban Rail Loop, saying “we need this for the state and the future”.
- Gus McCubbing
‘Misguided’: Labor gas strategy ignores Asia’s rising demand
The starting point of the Albanese government’s discussion paper for a long-term gas strategy sends the wrong signal to investors, producers say.
- Angela Macdonald-Smith
PEP, QIC run health check at Cura Day Hospitals; indicative bids land
At least four parties lobbed non-binding indicative bids by last week’s deadline.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Roads
Green energy transition will need ‘mountain of regional relocation’
Worker shortages in regional areas risk delays and budget blowouts in the push to turbocharge green energy projects, according to analysis by Infrastructure Partnerships Australia.
- Ronald Mizen
