Wilson joins opponents of AGL demerger
The veteran investor isn’t convinced by AGL’s explanation for the demerger move amid Mike Cannon-Brookes’ vocal opposition to the restructure.
Agl Energy
ASX flat; CSL, NAB, ANZ lead declines
ASX trims gains as a China Covid surge spooks traders. Geoff Wilson against AGL demerger, Codan up on profit beat, Incitec slips on demerger plans and outgoing Star chair gives evidence.
AGL split ‘not going to fly’: Cannon-Brookes
Mike Cannon-Brookes has used Labor’s election victory to launch a fresh attack on AGL Energy’s demerger vote.
Cannon-Brookes lays out AGL renewable plan
Mike Cannon-Brookes has a strategy for the power giant should he be successful at defeating a demerger which includes making customer homes 100 per cent renewable.
ASX climbs 1.2%; Crown vote in, Tabcorp higher
Australia’s share market bucks overnight falls as US and European index futures soared and Asian shares rose. Westpac says housing downturn is here. Shareholder give nod for Crown’s $8.9bn sale to Blackstone. Woolworths goes for Mydeal. Cannon-Brookes reveals AGL vision.
Tension rises ahead of AGL demerger vote
The energy giant led by Graeme Hunt and billionaire major shareholder Mike Cannon-Brookes’ Grok Ventures are engaged in a battle royale over the split.
Atlassian boss snaps up more AGL Energy shares
JPMorgan was in the market on Tuesday buying a $292m stake in AGL Energy equating to 5 per cent.
Cannon-Brookes targets retail shareholders in AGL campaign
Mike Cannon-Brookes has written to small AGL Energy investors, urging them to turn out and vote against splitting the company in half.
ASX up 0.3pc; Cannon-Brookes fresh AGL buy-up
ASX climbs as energy and utility stocks bounce. Lynas Rare Earths and MinRes rally, Brambles ends worst performer, Cannon-Brookes buys more AGL shares and ANZ tips 40bps June hike.
More shares needed for AGL buyout
Mike Cannon-Brookes will likely need to amass more shares in AGL Energy to thwart its demerger plans, leaving some betting that another raid of the stock could be on the cards this week.
Eye-watering cost of power outage revealed
A major outage at Australia’s largest power supplier has forced the company to slash millions of dollars from its outlook.
AGL cuts profit guidance after coal breakdown
Victoria’s largest power station, Loy Yang A, which provides 30 per cent of Victoria’s power needs, has been without a quarter of its capacity.
ASX drops 1.2pc; Qantas climbs as WiseTech dives
Tech leads broad losses on the ASX. Former Star CEO gives evidence, Aussie Broadband crashes, Cannon-Brookes eyes AGL register raid and Qantas leads travel stocks rally.
New AGL unit outage adds to energy pain
AGL Energy has lost another major coal unit at its Loy Yang A plant in Victoria, as soaring wholesale power prices raise concerns over household retail tariffs.
AGL faces $90m hit from coal breakdown
The loss of a quarter of Loy Yang’s capacity could cut profit by $25m a month, analysts have warned.
AGL hiring as demerger looms
With a big shareholder decision looming on AGL Energy’s controversial demerger in June, the power giant is racing to fill key staffing slots at both businesses.
Years of high power prices ahead: AGL
The new boss of AGL Energy’s green retailer warns wholesale power prices, which can flow through to households, will stay high for years. Here is why.
AGL sticks with split as sales pitch looms
AGL Energy’s proposed demerger faces a shareholder vote from the company’s retail-heavy investor base amid expectations new M&A moves could still emerge.
Loy Yang failure sparks demerger doubts for AGL
An untimely breakdown at AGL’s major Loy Yang A coal plant has caused concerns among analysts and investors ahead of a demerger decision.
AGL fault threatens Victoria’s winter power
The biggest power station in Victoria, which provides 30 per cent of the state’s power needs, may be without one of its four generation units until August 1.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/11