Cannon-Brookes, VCs plough $105m into climate start-up
The Atlassian boss has joined US tech billionaires and the CSIRO-backed venture firm Main Sequence in investing in a fast-growing company in country NSW.
Mike Cannon Brookes
Forrest in the market for Sun Cable’s debt
Andrew Forrest’s Tattarang is trying to buy up debts owed by the collapsed renewable energy play as his war with Atlassian billionaire Mike Cannon-Brookes continues.
Atlassian shares fall as losses widen
The Sydney software company, led by billionaires Scott Farquhar and Mike Cannon-Brookes, beat analyst expectations but losses have swelled.
Emergency $65m funding for Sun Cable accepted
Mike Cannon-Brookes’ offer of $65m in emergency funding for Sun Cable has been accepted – but the company will be sold.
Big task ahead for new boss in AGL transition
AGL Energy looked in-house for its new chief executive, and Damien Nicks expects a ‘bumpy road’ as the nation’s biggest coal generator pivots to renewables.
Squadron ‘wanted to unplug Sun Cable export plan’
Mike Cannon-Brookes backs the ambitious plan to send power from Darwin to Singapore while Andrew Forrest reportedly wants Sun Cable as a domestic power supplier.
ASX ends at five-week high; BHP hits new record
Lithium and big four banks pace gains as coal miners struggle; Bonza cleared for take-off; Perpetual-Pendal deal effective; trade surplus beats consensus and US CPI data ahead.
Clash of eco egos was always on the cards
It’s hard to get rival billionaires to agree on anything, even if it is saving the planet.
Collapse of $35 billion Aussie solar venture
A $35bn solar venture backed by billionaires Andrew “Twiggy Forrest” and Mike Cannon-Brookes has gone into voluntary administration.
Inside the board split that brought down Sun Cable
The rift between Andrew Forrest and Mike Cannon-Brookes was brewing late last year with one senior board resignation and fights over funding for the ambitious solar project.
Skip, Stonepeak ditch Genex bid
A $346m play for renewable energy company Genex has fallen through, with Scott Farquhar’s Skip Capital and Stonepeak Partners walking away.
Tech rich-lister in hunt for $95m Point Piper stunner
A $95m Point Piper harbourfront property – shrouded in mystery after a reputed three-year extended settlement deal in 2020 – is back in play, and likely to emerge as this year’s priciest sale.
Inside Australia’s ultimate beach house
As holiday rentals go, The House on Lizard Island is as private as you can get while still enjoying the amenities of a five-star resort.
AGL chair’s unity dilemma with Cannon-Brookes success
Chairman Patricia McKenzie declares she is still best placed to lead after the tech titan won a bid to install four new directors and the power giant suffered a first strike on pay.
ASX flat; Incitec leads, lithium stocks battered
AGL chair defies resignation call after pay strike, Cannon-Brookes’ board victory. Allkem, Pilbara shares dive. Incitec soars on demerger delay, $400m buyback. CBA shares rise on $2.5bn quarterly profit.
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.
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.
Takeover in doubt as Genex share price tumbles
Atlassian co-founder Scott Farquhar’s proposed buyout of Genex Power appears unlikely to go ahead.
ASX ends higher; Webuild rescues partner Clough
Treasury maintains CPI forecast. Sims shares tank on earnings warning. Business confidence, consumer sentiment lower, surveys find. Magellan shares recover. Whitehaven stocks tumble.
Billionaires burning more carbon than a country
The investors behind Chanel, Estee Lauder and Ralph Lauren sit alongside Australia’s own Mike Cannon-Brookes.
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