Israel steps up attacks in Gaza as conflict grows1, Second jab could be given sooner to tackle variant2, Jeff Bezos and the secretive world of superyachts3, Lottery 'winner' says she lost $26m ticket in wash4, How India's vaccine drive went horribly wrong5, Sputnik V becomes third vaccine approved in India6, Harry: I want to break cycle of pain for my family7, Bitcoin scam victim 'ashamed and embarrassed'8, Conflict cools warming of Arab-Israel ties9, Lebanon loses a quarter of its electricity supply10. Quiz of the week: Who's making a soap opera cameo? “He’s never here,” one builder says. Lex, who lives 16,200 kilometres away in the quiet English village of Saughall, shelled out $4.1 million to buy the house in Bargara, just east of Bundaberg, in May 2019. We pride ourselves on quality workmanship and reflect this in every Follow the topics, people and companies that matter to you. At the February meeting where approval was granted, senior Labour councillor Matt Bryan said "these are the kind of bright futuristic ideas that we should be considering" to help the fight against climate change. If you’ve got good strategies and good plans in place, you can really do anything,” she says. Councillors approved the sale in February but it has not completed. There’s massive land levelling. The farming operation receives praise from community figures, such as Grima from Bundaberg Fruit and Vegetable Growers, which counts the family as life members. But over Bundaberg’s backyard beers and packing sheds, talk tracks to recent changes on the farms, happening roughly when problems befell the financing business. One person who knew him in his 20s says he spoke eloquently, despite lacking the posher tones later adopted after moving to England, and showed exemplary behaviour, never getting wildly drunk publicly, for instance. Other changes to Lex’s board roles were happening in family farming businesses in mid-2020, about the same time Greensill Capital was warned by key insurer Tokio Marine Management that it was unlikely to extend policies covering the financial group against possible defaults of invoices acquired from companies such as GFG and offloaded to funds managed by Switzerland’s Credit Suisse and GAM. Because he’s got financial backing, he can run the model a lot of the other growers can’t. The farms, which also produce sugar cane, have not suffered from a lack of money. “Horticulture – it’s a business like any other. Another theory was that some sort of financing came via Greensill Capital. Academic records obtained by AFR Weekend show Lex was a high achiever, consistently winning accolades since starting there at Grade 8. Lex Greensill, 43, is currently locked down in Saughall with his doctor wife Vicky and their two boys aged six and nine. You can also send story ideas to northwest.newsonline@bbc.co.uk. Sabrina Lauriston. Then there’s the dumping of a development application to build a new three-storey, white-and-green office among the farm fields. In his final year in 1993, when the school choir sang Michael Jackon’s Heal the World, he won: a gold service award, Legal Studies subject prize and Apex Shield for Best Individual Debater. On a stinking hot Queensland morning, a farm worker is slouched inside a white ute outside the $4.1 million beachside holiday house of fallen financial wizard Lex Greensill. Why not follow BBC North West on Facebook, Twitter and Instagram? Covid crisis grips crowded Kolkata. Jenny Wiggins writes on business, specialising in infrastructure and transport. The authority said it had also "sought assurances" from Mr Greensill that his "commitment" to the plan was "unaffected" by the collapse of his company. So they’re not just relying on say the central markets only taking the medium size sweet potatoes which is what the average consumer wants,” she says. “It’s a bit like putting mag wheels on your car,” one says. He said the projects was his "dream" to make "a small impact" on issues including climate change, wildlife decline and the loss of natural habitats. This will help. In a document outlining his plans, Mr Greensill said he wanted to create "a thriving environment of wildlife habitats and natural features" on the site, by planting new woodlands, wildflower and grassland meadows and by restoring ancient hedgerows and watercourses. New plantings of Greensill crops in Bundaberg. But he makes it an efficient farm to operate … a lot of growers think maximising production is the key to profitability. Worries have now been raised over the future of thousands of UK steel workers as … The firm collapsed in March, leading to 305 redundancies at Daresbury in Cheshire. Clerk’s letter of 6 August 2019 regarding Mr Lex Greensill’s proposed Saughall Park Project on green belt land including a request that he reconsider his position on only leasing those parcels of land indicated on the map provided, instead of selling them as he had originally intended. Still, he knows there is nobody inside the “Glass House”. The withdrawal of insurance was one cause of Greensill Capital’s collapse. Sabrina Lauriston. With billions of dollars set to be pumped into the economy over the next few months, domestic-facing consumer stocks are likely to receive the biggest boost. It was a time when Lex, middle brother Peter and youngest brother Andrew attended the nearby Kepnock State High School, where the slogan is “Success is Earned”. They include InfraBuild (formerly LIBERTY OneSteel), the Australian Steel Company, OneSteel Recycling and Steelforce. And other personal business is ongoing. “This is a legacy issue relating to construction steel purchases that predate GFG’s ownership of InfraBuild. “No Greensill Capital entity provides finance to any Greensill Farming entity.”. So there’s very few regions in Australia that can do that,” says Bree Grima, managing director of industry group Bundaberg Fruit and Vegetable Growers. Outside the Glass House, which Lex Greensill bought for $4.1m. Lex, who lives 16,200 kilometres away in the quiet English village of Saughall, shelled out $4.1 million to buy the house in Bargara, just east of Bundaberg, in May 2019. Lex was brainy and curious, being part of the school’s problem-solving team and writing about a school trip to Japan in Year 10, sampling fish, octopus and squid (“Quite nice but I still prefer my fish cooked,” he wrote). “The company has diversified into agribusiness and finance and is leading the industry for how the two markets can interact,” the application says. Dollars also flowed for rapidly boosting infrastructure. One farming company, acting as a trustee, has acquired the bulk of farming property – paying almost $69.7 million – since 2016. The application at times seems to combine operations that now stress they are separate entities. He was short too; school photos show Lex, born on December 29 in 1976, just before the intake cut-off, reached just above fellow students’ shoulders. “Whenever I’m home I jump on a tractor.”. The farms’ initial focus was fruit, with a rural publication advertorial, sponsored by machinery maker John Deere, saying Peter had initially grown melons by torchlight after doing day jobs for three employers. Video, The backflipping wheelchair star helping others, Second jab could be given sooner to tackle variant, Lottery 'winner' says she lost $26m ticket in wash, Sputnik V becomes third vaccine approved in India, Harry: I want to break cycle of pain for my family, Bitcoin scam victim 'ashamed and embarrassed', Conflict cools warming of Arab-Israel ties, Lebanon loses a quarter of its electricity supply. We have the flexibility and experience to undertake projects ranging from minor repairs and maintenance to major refurbishments, specialist projects and construction works. Greensill’s new free green waste community facility. What's the David Cameron lobbying row about? Greensill Capital, which was pushing into the agriculture industry before it collapsed, has not disclosed whether Caterpillar used its supply chain finance services. By Phil McCannCheshire Political Reporter, BBC News. Bar staff will get a £1 bonus for every pint of Stella Artois sold as part of a scheme to mark the reopening of pubs after lockdown. The current negotiations regarding the future of Greensill Capital will have no impact on Greensill Farming’s day-to-day operations and its ability to provide quality produce,” a farm spokesman says. Staffing numbers have only fluctuated by single digits in recent years, they add. Gupta’s GFG companies were Greensill Capital’s biggest customer, with an estimated exposure of $5.4 billion to the supply chain finance group. Still, it remains unclear whether Greensill Farming’s breakneck pace can be maintained. While Caterpillar’s latest annual report disclosed paying US$4.1 billion ($5.4 billion) globally to institutions arranging supply chain finance, it does not specify whether Greensill Capital is one of those institutions. What happens to your body in extreme heat? But AFR Weekend can reveal documents showing that has not always been the case. Read about our approach to external linking. The “Girls On The Avenue” hitmaker hopes a new album of hippie-era covers will remind his generation of their ideals. The family was known as hard workers. When it comes to sugar cane, Greensill Farming supplies almost 10 per cent of the crop to the nearby Isis region mill. If past growth was fuelled by equity sales or funding support from the once booming Greensill Capital, then the financial group’s collapse has rendered such a cash avenue into ash. The Commonwealth Bank has registered an interest as a lender with a range of farming entities (there are at least nine associated private companies and trusts). Lex Greensill is an Australian success story, a one-time farmer turned billionaire financier who flies on private jets and flits between New York, London and Sydney. 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