Australia news LIVE: PM dismisses ever asking for Qantas upgrades; Woolworths to deal with investor face-off

Key posts 1 of 4 Latest posts 3.03 pm ‘Earnings hole’: AGL shares fall after Barrenjoey downgrade By Nick Toscano AGL shares dropped by more than 6 percent on Thursday after financial investment bank Barrenjoey devalued its contact the stock. Barrenjoey expert Dale Koenders provided a note stating the biggest Australian power generator is approaching an “revenues hole” with the looming expiration of its inexpensive coal and gas supply agreements. Barrenjoey reduced its earnings-per-share projection for by in between 8 and 13 percent for the 2027 fiscal year, and 30 percent in the 2028 fiscal year. Ending handle gas provider QGC and coal huge Peabody’s Wilpinjong coal mine, which provides the fuel to burn at AGL’s Bayswater coal-fired power station, might result in a deeper-than-expected $300 million decrease in underlying profits, Koenders stated. AGL had actually currently begun investing to balance out lost incomes, he included, which would balance out “much however not all of these lost profits”. AGL’s financial investments consist of $1 billion on a huge battery at the website of its retired Liddell coal plant and an equity stake in the Kaluza wise energy and retail platform that would drive its retail change. 2.43 pm Activist investors promote modification at Woolies AGM By Josefine Ganko As we reported previously, embattled grocery store giant Woolworths is today dealing with investors at its AGM, with the board to get concerns on the grocery store’s salmon farming practices as protesters collect outdoors. The structure of previous federal Greens leader Bob Brown is backing the line of questioning inside the AGM, while a group called Neighbours of Fish Farming at the same time projects outside the occasion. Protesters took a trip from Tasmania to share their message outside the Woolworths AGM. Credit: Louise Kennerley The group led demonstrations throughout the nation on Wednesday and contacted Woolworths to vote versus equipping salmon from Macquarie Harbour in Tasmania – home to the threatened Maugean skate, a push that they continued today. Packing Campaigner Jess Coughlan remained in Sydney for the demonstration and is representing the group at the grocery store’s AGM on Thursday. “Shoppers were surprised to hear that they had no concept where their salmon was originating from, or the destruction it was triggering in Tasmanian waterways,” Coughlan stated. “Many promise to stop purchasing salmon.” Woolworths has actually pledged to vote down the movement to stop offering the item, stating more details is required on the ecological effects. The grocery store giant’s share cost toppled 5.8 percent early on Wednesday after its tra
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