The Distillery: Trust deficit

Jotters say Newcrest’s internal investigation doesn't let it off the hook, while one has a budget warning for Tony Abbott.

An internal investigation into Newcrest’s disclosure has been slammed by one business commentator, who argues it was a waste of time, at best. For investors it’s about trust and one jotter notes Newcrest is a long way from rebuilding that in the eyes of the market. Nevertheless, look deeper and there are at least some worthy points raised on disclosure worth pursuing.

Elsewhere, an analysis of Coalition costings finds a few positives, but the country is still likely to stare down medium-term deficit problems.

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