Jenny Wiggins

As IAG raised $750m, a hedge fund’s tip-off claimed there was scant detail about exposure to fast financier Greensill Group. Since then, $7b in gross claims have been declared.

Former employees of Downer EDI were corrupt on transport projects and the ASX-listed company did not always comply with rules for dealing with subcontractors, an investigation has found.

After the departure of former Optus boss Kelly Bayer Rosmarin, the rival telco groups decided to let “bygones be bygones”.

The man running the National Broadband Network has been appointed the telco’s new chief executive following the departure of Kelly Bayer Rosmarin.

The tollroad group is cutting costs and jobs as it tries to keep dividends at current levels, chief executive Graeme Bevans says.

The airline’s chief financial officer, Race Strauss, says much of the $15 billion being spent by major airports on infrastructure is unnecessary.

IFM Investors backed the toll road group’s remuneration report this year but the company has hit another setback in its attempts to raise toll fares in the US.

The former employee has alleged in court that he was dismissed after blowing the whistle on coercion, manipulation of company records and raising safety issues on toll roads.

NSW’s proposed toll road reforms would hit some drivers with higher fares, create traffic congestion and would not necessarily be fairer, Transurban has claimed.

Telstra will get rid of thousands of employees by the end of the year as it struggles to compete against cheaper internet-based communications services.