This Month
Rest Super joins legal stoush over Melbourne Airport
The fund says its 2 million members should not lose their investment in the Melbourne and Launceston airports because of a legal battle between Dexus and its co-investors.
May
Telstra goes all in on five-year plan to ride AI infrastructure wave
The telco’s CEO Vicki Brady says an “unrelenting” demand for data would help fuel growth, and investment was needed to keep up with rivals.
Big sovereign wealth funds eyed stakes in Melbourne Airport
Over a dozen international investors, including Singapore’s sovereign wealth fund, were interested in acquiring stakes, court documents reveal.
Optus CEO focused on costs as profit rebounds
Optus boss Stephen Rue says the telco’s sports streaming platform remains important to customers, amid speculation it could be up for sale.
Dexus wins Melbourne Airport reprieve, says co-investors overreacting
The asset manager will not have to sell its 27 per cent stake in the airport’s owner until the question of whether it breached confidentiality is examined.
Rest Super a potential loser in Dexus’ Melbourne Airport stoush
Retail workers holding pensions with Rest Super stand to lose their exposure to the key infrastructure asset if Dexus is forced to sell its holding.
Telstra CEO Brady to face investor grilling on plan to boost returns
Big shareholders get to interrogate the company’s top brass next week and will be looking for detail on how they will make the core businesses more profitable.
Dexus’ Melbourne Airport fund investors call in lawyers for battle
Lawyers have been called in to fight what could be a long court battle on behalf of wealthy investors who bought into a special fund holding Melbourne Airport.
Dexus’ Melbourne Airport stake at risk as co-investors cry foul
The $7.8 billion commercial property group could be forced to sell its prized stake in the airport, an asset held in Australian superannuation funds.
Toll road operator Atlas Arteria warns sovereign risk soaring
Privatised motorways around the world are under threat from governments that are reclaiming control and handing them back to taxpayers.
Telstra opens Silicon Valley hub in race to build AI
The telco is putting boots on the ground in Silicon Valley to speed up its adoption of artificial intelligence and embrace the region’s can-do attitude.
Telstra swoops on Microsoft boss to steer AI push
Steven Worrall will join the telco group in September and run its infrastructure arm, including data centres, as Telstra invests heavily in AI.
‘It’s like a marriage’: Inside Telstra and Accenture’s AI reinvention
The telco’s $700 million partnership with the consulting group to develop artificial intelligence is no ordinary joint venture.
Transurban says it’s end of the road for 7pc of workforce
Transurban boss Michelle Jablko is slashing 300 jobs, becoming the latest infrastructure firm to reduce headcount.
Aurizon slashes 200 jobs as Whyalla impairment bites
The rail freight group is hauling less bulk commodities, partly because of big customers such as the Whyalla Steelworks being in administration.
April
Origin makes further $175m payment for wind farm, as LNG revenues slump
Investors and analysts are looking beyond falling revenue from Origin’s stake in Australian Pacific LNG to its renewable energy and Octopus investments.
Trump’s trade war creates worse shipping turmoil than the pandemic
One of the world’s most respected maritime analytics firms says global container volumes will fall this year for only the third time in almost five decades.
Aussie Broadband launches ‘aggressive’ push into mobile services
The challenger telco will use cheap plans to lure Telstra customers as it plots its most ambitious move into the $20 billion mobile market.
Greensill Bank alleges IAG executives knew of billion-dollar policies
The claim, filed with the Federal Court, has been brought against the insurance giant by German investors owed money by Lex Greensill’s failed financial group.
Shipping giants face surging demand before tariffs hit global freight
Executives at big maritime transport businesses and ports warn consumers could get hit with higher prices as importers scramble “to get cargo in under the wire”.