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The Latest Breaking News from AGL

Russian share market reopens after month-long closure, ASX at two month high

The Russian stock market surges after being closed for a month, and the ASX climbs on higher iron ore prices and a rise on Wall Street.

ABC News

Energy bills are spiking after the Russian invasion. We should have doubled-down on renewables years ago

Russia’s invasion of Ukraine is happening half a planet away from Australia.

The Conversation

Grid-scale battery 'really exciting' option as AGL Liddell power station site winds down — analysts

Plaudits for NSW government's decision to approve a 500MW battery storing solar and wind power on the site of the ageing Liddell coal-fired power station.

ABC News

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As more Australians buy electric vehicles, energy companies are finding ways to help the grid cope

As more Australians purchase electric vehicles, the energy industry is looking at how the grid will cope with an increased demand for electricity.

ABC News

Agilon Health's Return On Capital Employed Overview

Benzinga Pro data, Agilon Health (NYSE:AGL) reported Q4 sales of $462.89 million. Earnings fell to a loss of $56.74 million, resulting in a 57.79% decrease from last quarter.

Benzinga

AGL Energy chief executive uncertain if takeover bid is really over

Mike Cannon-Brookes tweeted on Sunday that Grok Ventures and Brookfield were ‘putting our pens down’

The Guardian - AU

Who is Mike Cannon-Brookes: The billionaire tech entrepeneur who tried to buy Australia's biggest energy provider AGL

The 42-year-old Atlassian co-founder has been making headlines trying to execute what he called the biggest decarbonisation project in the world.

ABC News

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Aussie billionaire pulls plug on AGL buy

AGL has rejected a sweetened takeover bid, putting an end to tech billionaire Mike Cannon-Brookes' dreams of an early exit for coal from the electricity grid.

AAP

PM says further assistance coming as ‘rain bomb’ set to cost Queensland billions – as it happened

This blog is now closed

The Guardian - AU

AGL rejects second takeover bid, with Mike Cannon-Brookes and Brookfield set to walk away

Tech billionaire Mike Cannon-Brookes and his Canadian partners are set to abandon their takeover bid for the energy giant after the electricity company rejected a second $9 billion offer.

ABC News

AGL rejects higher bid from Mike Cannon-Brookes and Brookfield, potentially ending takeover push

Bidders expected to walk away after offer of $8.25 a share rejected by board of Australia’s largest energy company

The Guardian - AU

AGL said no to a $5 billion bid, but it isn't over – here's how takeover bids work

Australian companies are being taken over like never before. On Saturday February 19 a consortium involving tech billionaire Mike Cannon-Brookes and Canadian asset manager Brookfield offered A$5 billion to buy AGL Energy.

The Conversation

Queensland floods prompt 1,000 calls for help as heavy rain continues – as it happened

This blog is now closed

The Guardian - AU

Why the Australian government should welcome Mike Cannon-Brookes' plan to takeover AGL

Prime Minister Scott Morrison has flatly opposed the bid led by tech billionaire Mike Cannon-Brookes to buy Australia’s biggest energy company AGL and spend A$20 billion switching it to renewables. This includes closing its coal power stations by 2030. As Morrison stated this week:

The Conversation

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AAP

AGL Energy warns against rapid coal exit

AGL Energy has warned bill shock and community upheaval will follow a proposed departure from coal-fired electricity generation within eight years.

The New Daily

Alan Kohler: What the takeover bid for AGL is all about

Michael Cannon-Brookes has dug an AGL-sized pit in front of Scott Morrison, which the PM seems quite happy to step into over energy transition.

The Guardian - AU

Scott Morrison says closing coal power stations will drive up electricity prices. Is he right?

Bid by Mike Cannon-Brookes to take over AGL drew some strong words from the prime minister, but do his claims stack up?

AAP

Wire and poles problem for AGL bid: ACCC

Billionaire Mike Cannon-Brookes still wants to buy AGL Energy, but the competition watchdog is worried about the consortium holding wires, poles and generators.

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news in one place.

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The Guardian - AU

Scott Morrison speaks to Ukraine PM; 60 Covid deaths reported – as it happened

This blog is now closed

The Guardian - AU

Morning mail: fears of wider Ukraine invasion, AGL says closing coal by 2030 ‘unrealistic’, Maggie Beer’s favourite things

Wednesday: Russia sanctioned by UK and EU as it plans to expand borders of controlled territories. Plus: celebrity cook’s most beloved possessions

The Guardian - AU

AGL open to higher takeover bid but says Cannon-Brookes plan to close coal by 2030 is unrealistic

Chief operating officer says consortium needs to offer at least 30% premium on share price and ‘engage once more or two times more’

ABC News

Mike Cannon-Brookes and Brookfield face multiple regulatory hurdles in AGL bid

The consortium being led by billionaire Mike Cannon-Brookes will face multiple regulatory hurdles to take over energy producer and retailer AGL, even if it can get the target company to agree to a deal.

The Guardian - AU

‘World is waking up’: ex-energy boss Kerry Schott says AGL bid a sign of big changes ahead

Takeover bid comes as energy companies look to expedite shutdown of coal-fired power plants in face of growing renewable competition, Schott says

The Guardian - AU

Why is a tech billionaire trying to buy Australia’s dirtiest energy company AGL?

Mike Cannon-Brookes believes backing renewable energy over old coal power plants will keep electricity prices down, create jobs and slash emissions – is he right?

The Guardian - AU

Mike Cannon-Brookes dismisses PM’s suggestion that coal plants should run to end of scheduled life

Tech billionaire bidding for AGL says ‘the private market is stepping up and providing replacement capacity exactly as asked’

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