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 Energy
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.
AGL calls end to coal power by 2030 ‘impossible’
AGL has held meetings with its largest shareholders, including Mike Cannon-Brookes, and says it will be an ‘engineering impossibility’ to close its coal power plants by 2030.
Price hit looms for household power bills: AGL
The country’s largest electricity generator says the big jump this year in coal and gas costs would inevitably flow through to consumers’ bills.
Cannon-Brookes plotting third takeover bid: AGL
AGL Energy boss Graeme Hunt says its largest investor, Mike Cannon-Brookes, may be plotting a third takeover attempt for the power giant.
AGL split booklet fails to impress
AGL’s demerger plan fails to meet climate goals expected by its shareholders, Mike Cannon-Brookes said.
AGL under fire over demerger case
Mike Cannon-Brookes’ Grok Ventures is expected to tell institutional shareholders their dividends will be hit by a demerger.
No regrets on Cannon-Brookes war, says AGL Energy chair
A five-week countdown has started on the high stakes demerger vote, as AGL’s chair says he has no plans to prioritise discussion with its biggest shareholder.
ASX ends week down 3.1pc after tech-led plunge
ASX record worst week since October 2020. Tech, real estate and communication stocks hit hard, Bendigo Bank lifts rates, Macquarie record profit and RBA ups wages outlook.
AGL slams ‘false split claims’
AGL Energy chief executive Graeme Hunt has accused Mike Cannon-Brookes of making false claims about the company’s demerger plans.
We all have a stake in AGL play
Intervention should come with a warning: you break it, you own it.
AGL customer issues green challenge
Tomago Aluminium said it was open to replacing all of AGL’s coal generation with firmed or backed-up renewable supply by 2029 or earlier.
Cannon-Brookes, Hunt duel over AGL’s future
Mike Cannon-Brookes says he will run a no-holds barred campaign to block AGL’s demerger but the power giant says the billionaire has no plan beyond sabotaging the move.
Barnaby’s gripe with surprise text message
Deputy Prime Minister Barnaby Joyce has revealed he received an unexpected text from a high-profile person – and he has a gripe about it.
AGL, Cannon-Brookes at war over demerger deal
AGL Energy has unveiled a giant renewables investment from Global Infrastructure Partners and attacked billionaire Mike Cannon-Brookes’ plot to block its demerger plan.
Tech billionaire’s huge coal power move
Atlassian co-founder Mike Cannon-Brookes has made a huge play that could alter Australia’s energy landscape.
AGL board to go if demerger sinks: tech titan
Mike Cannon-Brookes, one of the country’s richest businessmen, has dramatically intervened to stop an attempt by AGL Energy to hive off its coal-fired power stations.
The bigger play behind Cannon-Brookes’ AGL raid
Mike Cannon-Brookes has narrowed his focus in the battle for AGL, taking a calculated move to buy him enough time to bring about an early exit from coal.
Is Brookfield still in the field for AGL?
Mike Cannon-Brookes may have been making solo efforts to amass up to 11.5 per cent of AGL Energy, but some aren’t convinced his former co-bidder, Brookfield, is out of the action.
Mike Cannon-Brookes in AGL Energy share raid
The Australian tech billionaire is looking to secure a stake of up to 11.5 per cent in AGL Energy.
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.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/8