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Origin shocks market with profit warning and writedowns


Origin shocks market with profit warning and writedowns
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Investors wiped almost $620 million off the market value of Origin Energy on Friday after the company warned of $2.25 billion of write-downs that will plunge it into the red for 2020-21 and a bigger-than-expected hit to earnings this coming year due to weak power prices and higher fuel costs.
While the impact of low electricity prices had been well flagged, the hit from higher coal and gas costs took the market by surprise, with Origin’s shares plunging 8 per cent to close at $4.11, their lowest for almost two months.
The Eraring coal plant in NSW is Origin’s only coal-fired power station.  ....

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M1 grandma death may trigger manslaughter charges


M1 grandma death may trigger manslaughter charges
Highways England insists it has not committed an offence
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Nargis Begum, 62, died on the M1 near Chesterfield in September 2018. (Image: PA)
Highways England has been referred to the Crown Prosecution Service (CPS) by a coroner to consider if manslaughter charges are appropriate over an M1 death near Derbyshire.
Grandmother Nargis Begum, 62, from Sheffield, died on a stretch of the M1 without a hard shoulder near Chesterfield close to Woodhall Services, in September 2018.
She had exited a broken down Nissan Qashqai car and was waiting for help when another vehicle collided with the Nissan, causing it to plough into her. ....

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