Aussie billionaire responds to ‘huge’ win
Atlassian co-founder Mike Cannon Brookes has responded after a huge win that will drastically alter Australia’s biggest polluting company.
Agl Energy
AGL now back to ‘square one’
Demands for an early coal exit and Paris-aligned climate ambition are top of AGL investors’ demands but Mike Cannon-Brookes faces opposition to his bid to secure two board seats.
ASX gains 1.5pc on tech; Zip, A2 Milk, Block gain
ASX hits three-week high on tech and miners. A2 Milk and Bubs surge on US baby formula plans, AGL dips on demerger U-turn, ASIC sues ANZ and Rex calls Qantas a ‘bully’.
The patience of AGL investors is being sorely tested
The energy giant’s board has blinked. It must fear the weight of opinion, and in particular of one or more major shareholders, has shifted against the company’s proposed demerger.
AGL U-turn on demerger plans
AGL Energy will dump long-running plans to demerge its coal-focused generation business – with chief executive Graeme Hunt expected to leave the company.
Cannon-Brookes demands two AGL Energy board seats
The power generator and retailer should prepare for its demerger to be voted down, the Atlassian billionaire warns in a letter.
AGL blow as super giant HESTA opposes demerger
HESTA has been joined by London-based investor Snowcap in voting against the demerger, as Mike Cannon-Brookes builds momentum to derail the company’s planned split.
ASX gains 0.4pc; banks, miners, telcos rally
ASX ends higher despite a late selloff. Costa Group jumps on update, Chalice drops on $100m raise, Hesta to oppose AGL demerger, Flight Centre names new MD and Worley secures US job.
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.
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.
The very private man behind Cannon-Brookes’ private firm
Jeremy Kwong-Law has had an interest in the AGL Energy demerger for more than a year. And as the Atlassian billionaire’s right hand man, he has plenty of sway.
AGL investor mulls climate risk in demerger vote
Climate and financial risks are being weighed up by a top 10 shareholder in AGL ahead of a demerger vote.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/11