Australian shares set for weak start; oil tops $US124 a barrel; China trade ahead; RBNZ balance sheet details; $A near 4-yr high vs $NZ.
Magellan Financial Group co-founder Hamish Douglass will take a consultancy role within the company, providing investment insights across geopolitical and macroeconomic issues.
Mr Douglass will cease to be a permanent staff member mid-June and start his new role in October. The starting date of newly appointed CEO David George has been brought forward to July 19, 2022, from August 8.ACCC outlines list of concerns with Aurizon’s proposed acquisition of One Rail, flags its debt levelsproposed acquisition of One Rail and the divestment of One Rail’s east coast business.
The ACCC is also considering the implications for the supply of rail haulage services for bulk commodities. “We’re also considering the impact of this proposed acquisition on potential future competition in the supply of non-coal bulk rail haulage,” Ms Cass-Gottlieb said. To address the likely competition issues, the ACCC said it will need to be satisfied that any new purchaser or the demerged business would be an effective, stand-alone, long-term competitor in the supply of coal haulage and non-coal bulk commodity rail haulage.
An important issue is whether the financial arrangements that Aurizon has proposed for the new entity, including its proposed debt levels, would affect the proposed demergedThe ACCC invites submissions from interested parties in response to the statement of