BREAKFAST DEALS: Qantas pull-out

Qantas agitators sell down their stake, while Telstra asks the ACCC to hold the line on Adam Internet.

The activist investors targeting Qantas Airways, led by Mark Carnegie and former Qantas boss Geoff Dixon, have reportedly sold down their stake just as the flying kangaroo asks for permission to tweak the ACCC Trans-Tasman conditions of the Emirates deal. Telstra Corporation is also talking to the consumer watchdog over Adam Internet, but seems to be on the back foot. Meanwhile, Sundance Resources looks to have reached another deadline without a deal, Archer Capital is reportedly offloading Ausfuel and Gina Rinehart is buying into Gippsland Oil and Gas.

Qantas Airways, Emirates

Qantas Airways chief executive Alan Joyce can unofficially declare victory of sorts over his predecessor Geoff Dixon.

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