Page 16 - Peter Botten News Today

AGL splits off coal power stations as green shift accelerates We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement AGL, the nation’s heaviest greenhouse gas emitter, has vowed to embark on a historic demerger of its business in response to the accelerating pressure of the switch to clean energy. After months of deliberations, the energy utility’s board on Wednesday revealed details of its plan to split itself in two. The move i...

AGL to stop paying special dividend to preserve A$500 mln cash AGL expects investment grade credit ratings for both companies AGLs shares drop 10% June 30 (Reuters) - Australias AGL Energy (AGL.AX) said on Wednesday it expects to split into a bulk power generator and a carbon-neutral energy retailer by June 2022 and would stop paying special dividends to shore up the two companies balance sheets. Investors gave a thumbs down on the plan, sending AGLs shares 10% lower by the end of the day, foll...

ASX rallies into EOFY; Telstra at 52-week high on capital return Save Share Duxton Broadacre to pay first dividend Vesna Poljak Duxton Broadacre Farms will pay its first dividend since listing in February 2018, declaring a return of 6.2¢ a share, unfranked, to be paid on July 30 after what it described as “three of the harshest drought years on record”. "The board will consider the payment of a further dividend in December, which will depend on the outlook of the 2021-22 winter cro...

AGL customer chief to become MD of newly demerged energy retailer AGL confirms plans to demerge into two independently listed entitles and announces the CEOs and chairs for both AGL has confirmed its chief customer officer, Christine Corbett, as managing director and CEO of its newly demerged energy retailer, AGL Australia, as the organisation embarks on a significant restructure to become two businesses. ASX-listed AGL today announced the first details of plans to demerge, creating two stan...

The PNG inquiry into the $1.2 billion “UBS loan scandal” has been frustrated by a refusal to hand over documents to a royal commission.

AGL urged to drop Greenpeace lawsuit By Lauren Croft|26 May 2021 Over a dozen of Australia’s leading NGOs and environmental advocacy groups have written an open letter to AGL urging them to drop their lawsuit against Greenpeace. AGL is currently suing Greenpeace for using their logo in a campaign targeting Australia’s “biggest climate producer”. Phrases including “generating pollution for generations” and “Still Australia’s biggest climate polluter” were used in the campaign, ...

Save Share There was an extremely strained undercurrent at the AGL board and management dinner in the private upstairs dining room at Sydney’s famous Rockpool restaurant last Tuesday night. Shortly before the dinner, Brett Redman had told a stunned chairman, Graeme Hunt, that he planned to quit as chief executive. Hunt had promptly informed other directors of Redman’s totally unexpected and unwelcome decision. But the rest of the executive team coming to Rockpool after a company strat...

22 April 2021 AGL Energy CEO Brett Redman has announced he is stepping down immediately, just weeks after announcing new plans to split the assets of Australia’s biggest coal generator, and the country’s biggest emitter, in two. In a statement to the ASX on Thursday, AGL said that Redman made the unexpected decision to step down from the CEO and managing director roles after informing the board that he believed he could not make a long term commitment to the company after announcing the pro...

Energy boss in shock resignation The boss of coal-fired power giant AGL Energy has suddenly quit, just weeks after the company unveiled a radical plan to split the business. Business by Rebecca Le May 22nd Apr 2021 3:30 PM The boss of AGL Energy has announced his shock departure after almost 15 years with the company, following its radical restructure plan unveiled just three weeks ago. Late last month, AGL proposed splittin...

Save Share AGL chief executive officer Brett Redman has quit, effective immediately, with company chairman Graeme Hunt stepping in as interim managing director. After the shock resignation, AGL shares dropped as much as 4 per cent from Wednesday’s close of $9.06 to trade at lows not seen since 2004 before recovering to $8.91 in early afternoon. Mr Redman told the board he could not commit to seeing through the full demerger of Australia’s oldest energy utility, which involved hiving o...