The AMP board’s latest initiative for destroying value

One leading investment banker noted that the uncertainty over AMP’s future leadership would “absolutely” strengthen Ares’ bargaining position in the negotiations: “It’s astonishingly incompetent. It’s hard to think of what AMP could have done that would have been worse.” Other investment bankers noted that the...

Missing teen’s body found

The body of a 16-year-old who spent a day out with his friends and was one of five people swept into the sea has been found by police. The search for a teen missing off South Australia’s Yorke Peninsula has ended in tragedy after police...

Liberals call for MP drug, booze testing

Two Liberal backbenchers have told of their desire to see MPs drug and alcohol tested after claiming consumption in the workplace was “a problem”. Liberal MPs have called for drug and alcohol testing to be introduced at Parliament House in a bid to stamp out...

One new local virus case in Queensland

The brother of a previously reported case has tested positive for the coronavirus as Queensland rushes to control a growing outbreak. Queensland has recorded one new locally transmitted coronavirus case in the past 24 hours, with police ruling out laying charges against a man who...