Nathan Tinkler is reportedly rejigging his finances and pressuring the Whitehaven board for the end of a standstill agreement that will no doubt fire up the speculators. Coal is a theme this morning as Endocoal accepts an offer from a Chinese investor. Meanwhile, Elders and Ruralco could still end up seeing their rural services businesses combined, but the latter is going to have to work for it. Meanwhile in media, News Corp’s apparent interest in Penguin has turned out to be a non-starter and Ten Network is reportedly close to getting a revised (and hopefully final) deal for EYE Corp.
Whitehaven, Nathan Tinkler
For Nathan Tinkler fans, The Australian Financial Review has some compulsory reading this morning.