Atlassian founders must put profit before ‘distractions’
The AGL and Genex ‘distractions’ of Mike Cannon-Brookes and Scott Farquhar don’t have the backing of a profitable business.
Agl Energy
ASX ends down; Fortescue higher, Elders smashed
Lack of Aussie involvement in Origin bid could cause concern: UBS. Elders shares dive, Warrego soars. EQT Holdings wins approval for $135m Australian Executor Trustees buy. Way to go on US inflation: FOMC
Tycoon in box seat for AGL shake-up
Mike Cannon-Brookes is poised to win his stoush with AGL Energy, with all four candidates put forward by the billionaire in line to join the power giant’s board.
Start-up gets $1.1m energy boost
As geopolitical conflict and a drive to net zero heaps pressure on Australia’s energy grid, this Melbourne tech company thinks it can help.
Cannon-Brookes wins backing for AGL board battle
A third major proxy adviser has backed directors proposed by the Atlassian billionaire, the energy giant’s largest shareholder.
ASX closes up; Medibank stocks among top risers
Local stocks end the day higher led by materials and energy gains. CBA hikes home loan, savings rates. Loan values fell in September. Rio lifts after winning over Turquoise investors. Inflation boost for Amcor. AGL up as Cannon-Brookes wins backing in board battle.
Cannon-Brookes wins AGL proxy backing
Mike Cannon-Brookes has received a boost in his bid for a refreshed board at AGL Energy after winning support from a key proxy adviser.
ASX up 6pc in October, best in 11 years
ASX 200 finished nearly 1.2 per cent higher, led by tech and consumer discretionary stocks. The market is up 6 per cent in October, the best in 11 years. Investors await RBA’s rate news on Melbourne Cup. EML shares tank on UK regulatory woes.
Boards need more diversity: Pollaers
As he campaigns for a spot on the AGL board, Swinburne University chancellor John Pollaers argues that boards need more diversity,
AGL, Cannon-Brookes board stoush heats up
Mike Cannon-Brookes, AGL’s largest shareholder, has written to investors as part of a campaign for the appointment of new directors to the power giant’s board.
Corbett tapped to lead Incitec Pivot fertiliser spin-off
The former AGL executive was in line to run the energy giant’s demerged retailing business before those plans were halted amid a shareholder revolt led by Mike Cannon-Brookes.
ASX gains on Pilbara, Star; Megaport dives
ASX ends at a two-week high. Lithium stocks rally, Megaport sinks on update, Qantas hits pre-Covid high, Telstra restructure approved and Medibank contacted by group over breach.
Jilted AGL board nominee comes out swinging
Businessman Professor John Pollaers has listed the missteps of AGL Energy as a battle to form its new board heats up.
Cannon-Brookes ups ante in campaign against AGL board
The Atlassian billionaire has written to investors advocating for four directors recommended by his private Grok vehicle – three of which are opposed by the energy giant.
AGL to fight Cannon-Brookes’ Grok board seat grab
The energy major will contest Grok Ventures campaign to install additional directors to its board after Mike Cannon-Brookes pledged to take its fight directly to shareholders.
ASX drops 0.3pc; bond yields hit tech, real estate
ASX ends lower as bond yields surge and dollar falls. Mike Cannon-Brookes launches AGL board campaign, Baby Bunting dives on margins hit and Whitehaven downgraded.
AGL knocks back Cannon-Brookes’ nominees
Only one of the four people Atlassian billionaire Mike Cannon-Brookes wants to join the AGL board has won approval from the company ahead of its AGM.
ASX jumps 4.5pc for week; best gain since 2020
ASX ends session lower on broad falls. Optus faces compensation claim, Whitehaven hits record high, AGL rebuffs Cannon-Brookes board picks and bear market until 2023.
ASX adds $81bn in 3.8pc surge after RBA call
ASX nets its biggest gain since June 2020 after the RBA’s ‘shock’ rate move. Dye & Durham makes fresh Link bid, banks lead blue chip gains and Lottery Corp the sole ‘loser’.
Coal is booming but you won’t hear about it at the ABC
Instead, it’s all aboard for the journey down Europe’s path to social and economic chaos.
AGL’s battery-powered future warms the hearts of shareholders
AGL’s plan to invest heavily in batteries and other grid-firming capacity has received an initial blessing from analysts.
Who will fund AGL’s green vision?
The company will need $20bn to enact its new strategy, but some in the market say Mike Cannon-Brookes’ influence over the energy major will leave other investors wary.
AGL brings forward Loy Yang coal closure by a decade
The energy major says it will shutter Victoria’s Loy Yang A coal-fired generator a decade early, with the company flagging the need to find $20bn to green its generation portfolio.
The brutal truth behind AGL’s green switch
Energy politics is as tough as it comes and AGL’s renewables reset is designed to serve two purposes. Saving the planet is a distant third.
ASX ends higher; RBA must ‘ease up’ on rates
ASX 200’s best day in three months. Calls for RBA to ‘ease up’ on rate hikes. Govt’s east coast gas deal. AGL up on plans to exit coal by 2035. Premier boss says Myer-DJ merger ‘doesn’t make sense’. Iress shares plunge.
Gas supply deal sealed; inflation set to spike
Resources Minister announces agreement with gas producers over east coast supply; soaring food prices spark inflation warning.
Cannon-Brookes’ peace deal comes at high cost
As AGL’s makes a $20bn green pitch, the tech billionaire has turned up the pressure on the power giant.
Grok puts up four names for AGL board seats
Mike Cannon-Brookes’ Grok Ventures is backing a former Tesla boss and energy and manufacturing experts to refresh the AGL board ahead of its ‘monumental’ turnaround task.
Making news: Mike Cannon-Brookes tried some Hocus Pocus with AGL and won
All the news that’s fit to mint.
Time for re-set: AGL chair to staff
AGL Energy’s new chair, Patricia McKenzie, has told staff it is time for a re-set of the 185-year-old company.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/5