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The Latest Breaking News from IFM

‘Gamechanger’: super fund billions touted as solution to housing crisis

Institutional investors traditionally shy away from social housing because returns are too low but Labor initiative may change that

The Guardian - AU

Port deal: lifting the lid on commitments and compensation

Newcastle port deal: Liability could cost NSW between $600 million and $4.3 billion

Newcastle Herald

Westpac’s latest insider trading scandal shows corporate crime still pays

A $1.8 million fine has been doled out to Westpac for ‘unconscionable conduct’ that netted the bank $20 million, with a judge calling the punishment ‘risible’.

Crikey

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Jim Chalmers open to clean energy investment reforms pushed by super funds

Treasurer says government ‘committed to consider’ proposals, including concessional finance to bankroll new transmission infrastructure

The Guardian - AU

UK hosts Global Investment Summit; Metro Bank shareholders back rescue plan – as is happened

Rolling coverage of the latest economic and financial news, as hundreds of investors meet at Hampton Court

The Guardian - UK

Australian super fund puts billions into backing Britain’s energy transition

Business and environmental groups urge Labor to supercharge incentives to lure capital

The Guardian - AU

Mission: Impossible stars fear they 'might lose Tom Cruise' in death-defying stunts

Mission: Impossible star, Simon Pegg, has spoken of his fears that 'something might go wrong' on-set of the action movie and they 'might lose Tom Cruise' amid his wacky stunts

Daily Mirror

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Australian tollway firm agrees to buy majority stake in Chicago Skyway for $2 billion

Atlas Arteria, an Australian toll road company, has agreed to buy a 67% stake in the Chicago Skyway from two Canadian pension funds for $2 billion.

Chicago Tribune

Pollies are not alone in playing a close contact sport full of interesting conflicts

As it happens, corporate Australia plays the game pretty well too…

Crikey

Alan Kohler: We all lose when monopolists prosper

The role of government is to correct the tendency towards monopoly and inequality through regulation, but they have been falling down on the job.

The New Daily

Joint biggest shareholder in Manchester Airports Group finally speaks out amid passenger chaos

There was no apology, but Australian investment fund IFM said it sincerely regretted the impact delays were having

Manchester Evening News

Manchester Airport co-owner pledges £3bn boost as Australian energy giant set to create over 1,000 jobs

IFM Investors holds a 35.5% stake in Manchester Airports Group

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