Rio Tinto's 150th Year

Downer did no due diligence on Spotless. It's another example of an M&A deal where a buyer's overpaid. James, just quickly, you had lunch this week with Rio Tinto chief executive Jacob Stusholm and 600 of your closest friends at the Melbourne Mining Club. I think the thing that I learnt most was that Rio's sort of got its groove back a little bit. The competition regulator has just blocked ANZ acquisition of Suncorp Bank. Now, ANZ immediately said it will challenge the ACCC's decision in the Australian competition tribunal. While Suncorp's board now has to get used to the prospect that it might be running both its bank