THE DISTILLERY: Tiger's thorn

Jotters say the ACCC's Virgin-Tiger approval was inevitable, but one suggests a dilution of capacity wars could hurt customers' hip pockets.

It's a bumper corporate edition of The Distillery this morning with two big company developments. Firstly, the Australian Competition and Consumer Commission has given into the inevitable and approved Virgin Australia's acquisition of a majority stake in Tiger Australia, with the business scribes saying Rod Sims had little choice in the matter. Meanwhile, Woodside Petroleum has put yield on the table after issuing a special dividend and increasing its payout ratio. Not a bad move, say the commentators, when you're capex budget has been reined in.

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