PM says further assistance coming as ‘rain bomb’ set to cost Queensland billions – as it happened
by Cait Kelly and Mostafa Rachwani (earlier) from Environment | The Guardian on (#5WTFR)
Severe weather to affect coastal areas from Coffs Harbour to Bega; Queensland estimates rain bomb' will cost state more than $4bn; two NSW residents among Japanese encephalitis patients in Victoria; ADF defends NSW flood response; PM speaks on east coast floods, Ukraine crisis; nation records at least 32 Covid deaths with 23 in South Australia. This blog is now closed
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As expected, AGL Energy has formally rejected the takeover bid by billionaire Mike Cannon-Brookes and Canadian asset manager Brookfield, posting an ASX statement this morning.
AGL, the country's largest electricity generator, received a revised bid late on Friday, offering $8.25 a share, up from an initial unsolicited bid of $7.50 a share.
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