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19th Dec Fund battle adjourned

THE AGE -  | A legal stoush between the Future Fund and AustralianSuper has been adjourned for three months. The Victorian Supreme Court battle centres on the price the Future Fund paid for a stake in Perth Airport. AustralianSuper, also an investor, claims the Future Fund priced it out of expanding its holding in the airport by ascribing a premium of up to 43 per cent of the asset.

19th Dec Fracking bonus in UK

THE AGE -  | Australian engineering outfit AJ Lucas may be a big beneficiary of UK government plans to accelerate development of its shale oil and gas. A government report has found that more than half the country could be suitable for shale gas fracking. AJ Lucas has extensive exploration acreage in the UK, as does Dart Energy. Shares in AJ Lucas closed up 4¢ at 98¢.

19th Dec Joyce talks tough with unions on cuts

THE AGE -  | Qantas boss Alan Joyce has made clear to unions that the airline must lower its costs substantially to make it competitive against Virgin Australia but has remained steadfast in his strategy in the domestic market.

19th Dec Crunch time in Rinehart trust row

THE AGE -  | Gina Rinehart might have been missing in action at the Ten Network annual meeting on Wednesday, but she is believed to be at the pointy end of reaching a settlement with her two estranged children - or face the prospect of being cross-examined in the courts next year.

19th Dec CBD

THE AGE -  | Chips are down for the millers

19th Dec Blow for NuCoal as watchdog urges NSW to scrap licences

THE AGE -  | The prospects of NuCoal retaining control of controversial coal acreage in the Hunter Valley are receding, following a call by the NSW Independent Commission Against Corruption for the state government to cancel the licences.

19th Dec Appointment bolsters strategy

THE AGE -  | ANZ chief Mike Smith is not shy when it comes to voicing his defensive frustration about non-believers of the bank's Asian strategy, or even those that raise legitimate questions around returns or some parts of the execution.

19th Dec Rinehart's Roy Hill joint venture poised to get billions in loans

THE AGE -  | Gina Rinehart's Roy Hill joint venture faces a pivotal 48 hours, with export credit agencies in the United States and Korea on the verge of approving billions of dollars in loans to the massive iron ore project.

19th Dec Fracking bonus in UK

SYDNEY MORNING HERALD -  | Australian engineering group AJ Lucas may be a big beneficiary of UK government plans to accelerate development of shale oil and gas. A government report has found that more than half the country could be suitable for shale gas fracking. AJ Lucas, via its 43.7 per cent owned Cuadrilla joint venture, has extensive exploration acreage in the UK.

19th Dec Crunch time in Rinehart trust row

SYDNEY MORNING HERALD -  | Gina Rinehart might have been missing in action at the Ten Network annual meeting on Wednesday, but she is believed to be at the pointy end of reaching a settlement with her two estranged children - or face the prospect of being cross-examined in the courts next year.



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