AGL dumps demerger plan, yielding to Mike Cannon-Brookes

Company’s chairman and chief executive to resign, along with two other board membersFollow our Australia news live blog for the latest updatesGet our free news app; get our morning email briefingAGL Energy has ditched its plan to split into separate generator and retailer arms, capitulating to the billionaire climate activist Mike Cannon-Brookes’ efforts to foil the move. In a statement to the Australian Securities Exchange on Monday morning, AGL said it was withdrawing the plan, des