DataRoom AM: Woodside limbo

Royal Dutch Shell looks set to hold on to Woodside for a while longer, while Padbury Mining’s credibility takes a hit.

The shadow of Royal Dutch Shell’s large stake in Woodside Petroleum hanging over the Australian firm’s stock appears likely to hang around for a while yet as the energy giant seemingly puts a sale on the backburner. However, there could be a bit more action with Shell’s Queensland assets in the near-term.

Elsewhere, Padbury Mining’s credibility takes an almighty blow, the NSW government achieves an eye-watering sale price for the Port of Newcastle and Gina Rinehart receives a setback in court.

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