Analyst news

• Flushable wipes maker fined $200,000 over 'misleading' claims products were made in Australia

  16-02-2021 23:11 via abc.net.au
  
  The Federal Court fines Kimberley-Clark for misleading consumers over the manufacturing origins of its flushable wipes, after a logo saying they were made in Australia appeared in the footer of the company's website where the imported products were featured.
  
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• Victoria to exit lockdown as state records zero new coronavirus cases

  16-02-2021 22:40 via abc.net.au
  
  The state will have its snap lockdown lifted as planned at midnight tonight after 39,258 COVID-19 test results processed on Tuesday show no new cases of community transmission.
  
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• Victoria records zero new coronavirus cases from nearly 40,000 tests

  16-02-2021 22:40 via abc.net.au
  
  No infections were detected in the community or in hotel quarantine out of 39,258 COVID-19 test results processed on Tuesday, keeping Victoria on track to have its snap lockdown lifted at midnight tonight.
  
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• Victoria records zero new coronavirus cases as lockdown announcement approaches

  16-02-2021 22:40 via abc.net.au
  
  Victoria records no new coronavirus cases, as authorities prepare to make an announcement on the state's lockdown this morning.
  
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• 'Phenomenal' testing numbers helped bring Victorian outbreak under control, Weimar says

  16-02-2021 22:40 via abc.net.au
  
  The coronavirus outbreak that prompted Victoria's snap lockdown has been brought "under control", with the state recording zero new cases from nearly 40,000 test results in the past day.
  
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• Holiday Inn outbreak 'under control' as Victoria records zero cases

  16-02-2021 22:40 via abc.net.au
  
  The coronavirus outbreak that prompted Victoria's snap lockdown has been brought "under control", with the state recording zero new cases from nearly 40,000 test results in the past day.
  
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• Online gambling lobby head says punters should keep 'the right' to bet with debt

  16-02-2021 21:49 via abc.net.au
  
  The representative for the biggest players in online betting says there is "no evidence of a problem" with allowing punters to use their credit cards, but a Queensland MP says banks need make a stand.
  
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• 'Selling the dirt from under our feet': Non-Indigenous brand's 'red centre sand' exfoliant removed after criticism

  16-02-2021 21:47 via abc.net.au
  
  A non-Indigenous beauty brand marketing red desert sand as a vegan skin product closes down after online criticism, prompting an Indigenous business group to warn of imitations in the growing bush wellness industry.
  
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• Could this tiny shrimp stall the Federal Government's plans to frack the Beetaloo Basin?

  16-02-2021 21:46 via abc.net.au
  
  Scientists warn the discovery of a tiny, blind, predatory shrimp throughout a key aquifer underlying the rich Northern Territory gas reserve could have significant ramifications for plans to frack the area.
  
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• Webjet posts steep loss due to impact of COVID-19

  16-02-2021 21:20 via abc.net.au
  
  The coronavirus pandemic continues to define company reporting season, with Webjet posting a loss due to the global travel industry remaining largely grounded. Treasury Wine's profit has plunged on the back of China's tariffs.
  
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• Wall Street reaches fresh all-time highs and ASX eyes falls

  16-02-2021 21:20 via abc.net.au
  
  The major US indices have set new records, but the local share market looks set to slip at the open as reporting season continues. Meanwhile, the price of bitcoin has passed $US50,000 for the first time.
  
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• Rio Tinto announces record dividend as profit jumps

  16-02-2021 21:20 via abc.net.au
  
  Rio Tinto shareholders will receive a record dividend as the miner's profit rises 22 per cent. Webjet posting a loss due to the global travel industry remaining largely grounded.
  
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• 'I'm concerned I got in a little late': Adam recently bought bitcoin and now it's hit $US50,000

  16-02-2021 19:42 via abc.net.au
  
  As bitcoin passes its latest milestone, 'FOMO' has led to crypto sceptics piling in, as Telsa boss Elon Musk warns digital currencies should be treated as "speculation".
  
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• Bitcoin climbs to $US50,000 as 'crypto bubble' surges to 'insane' levels

  16-02-2021 19:42 via abc.net.au
  
  As bitcoin passes its latest milestone, 'FOMO' has led to crypto sceptics piling in, as Telsa boss Elon Musk warns digital currencies should be treated as "speculation".
  
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• Residents of south Sydney suburb told their homes will be demolished to make way for car park

  16-02-2021 19:07 via abc.net.au
  
  Nine families living in the Sutherland Shire suburb, some of them for generations, are told the NSW transport department will acquire their their homes within months.
  
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• Energy prices are falling. Here's what you need to know

  16-02-2021 18:01 via abc.net.au
  
  Some consumers aren't seeing the benefits of falling electricity prices because they've failed to switch to a cheaper deal. Here's what you can do to grab your share of $500 million in savings.
  
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• Govt commits to major Crown inquiry

  16-02-2021 17:26 via businessnews.com.au
  
  Crown Resorts is at risk of losing its WA casino licence after the state government agreed last night to establish an inquiry with the powers of a royal commission.
  
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• Barnaby Joyce pushes his own government to allow 'green bank' to invest in coal

  16-02-2021 13:46 via abc.net.au
  
  Former deputy prime minister Barnaby Joyce moves to change his own government's legislation to allow the Clean Energy Finance Corporation, which invests in Australia's transition to lower emissions, to invest in coal-fired power.
  
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• Push against green bank investing in gas

  16-02-2021 11:00 via businessnews.com.au
  
  The federal government's attempt to invest taxpayer money in new gas projects faces stiff opposition in parliament.
  
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• ASIC seeks penalties against CBA

  16-02-2021 10:00 via businessnews.com.au
  
  Australia's securities regulator says it will seek penalties and other orders against Commonwealth Bank after the Federal Court found the country's top lender had overcharged interest to customers.
  
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• City's move astounds property firm

  16-02-2021 08:51 via businessnews.com.au
  
  The City of Subiaco council has moved to seek a third opinion over serious structural integrity issues identified in two buildings on Hay Street, in a move that has astounded the owner.
  
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• Honey and Johnston clash on costings

  16-02-2021 08:42 via businessnews.com.au
  
  Bill Johnston has amped up Labor’s attack on an ambitious energy plan proposed by the WA Liberals, but David Honey says he’s under no illusions it will be easy.
  
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• Northern Minerals raises $20m for rare earths projects

  16-02-2021 08:30 via businessnews.com.au
  
  Northern Minerals has completed an oversubscribed share placement, with the funds going towards exploration at the company’s rare earths projects in WA and the Northern Territory.
  
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• ASX closes above 6900, BHP payout delights

  16-02-2021 08:30 via businessnews.com.au
  
  Australia's share market closed above 6900 points for the first time since February last year, and an analyst expects it will rally in the short term as coronavirus vaccines are distributed.
  
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• Reaching zero emissions will be 'hardest thing humanity's done', Bill Gates says

  16-02-2021 08:10 via abc.net.au
  
  Bill Gates says new innovation, beyond solar and wind power, is needed to reach zero emissions by 2050.
  
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• Bill Gates says nuclear power could be one of the answers to climate change

  16-02-2021 08:10 via abc.net.au
  
  Bill Gates says new innovation, beyond solar and wind power, is needed to reach zero emissions by 2050.
  
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• Expectations raised for Gruyere

  16-02-2021 08:00 via businessnews.com.au
  
  Gold Road Resources expects production at its Gruyere joint venture in Western Australia to rise by as much as 16 per cent this year while projecting a positive three-year outlook for the business.
  
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• Ivanhoe community welcomes mining company's plan to repurpose former jail

  16-02-2021 07:49 via abc.net.au
  
  Tronox Australia's plan to repurpose the jail in far west NSW has the support of many residents, although a senior figure at the local council has some concerns.
  
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• Tech giants win changes to news media code

  16-02-2021 07:00 via businessnews.com.au
  
  Australia's media code will be tweaked to make it clear tech giants are expected to pay news organisations a lump sump rather than for every time an internet user clicks on a link.
  
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• Staff issues for regional business

  16-02-2021 07:00 via businessnews.com.au
  
  Many of Western Australia’s small businesses carried a high degree of optimism into 2021, according to findings from the new 2020 BCEC Small Business Survey.
  
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• National interest key in subs call

  16-02-2021 07:00 via businessnews.com.au
  
  A decision on future maintenance of the Collins class subs may be delayed until after the next federal election.
  
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• Jobs back 'around the same level as last year'

  16-02-2021 06:44 via abc.net.au
  
  Payroll jobs are back near pre-pandemic levels, after a seasonal surge in employment late in January.
  
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• We're doubling down on Roe 8,9: Liberals

  16-02-2021 06:24 via businessnews.com.au
  
  The WA Liberal Party is doubling down on its fight to build Roe 8 and 9, announcing it would revive the project and issue tender documents within its first 100 days in office.
  
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• NAB cash earnings rise on improved economy

  16-02-2021 06:00 via businessnews.com.au
  
  National Australia Bank enjoyed a 47 per cent increase in cash earnings during its first quarter trading, helped by improving economic and health outcomes in Australia and New Zealand.
  
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• Adairs' bumper half means fewer bargains

  16-02-2021 06:00 via businessnews.com.au
  
  Home furnishings group Adairs has had a bumper first half and customers will see fewer discounts as the company tries to maintain sizeable profit margins.
  
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• Lilleyman leaves Fortescue, bonuses cut

  16-02-2021 05:41 via businessnews.com.au
  
  Fortescue Metals Group has announced the sudden resignation of three senior executives including chief operating officer Greg Lilleyman as it reviews the cost of its Iron Bridge project.
  
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• Payroll jobs recover to pre-pandemic level

  16-02-2021 05:00 via businessnews.com.au
  
  Employment has recovered to where it was a year ago, continuing a marked rebound from last year's recession caused by the COVID-19 pandemic.
  
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• Fortescue contracts SRG, Whittens

  16-02-2021 05:00 via businessnews.com.au
  
  Fortescue Metals Group has awarded a $150 million contract to SRG Global while family-owned business Whittens will complete $30 million of works to the Pilbara miner’s Iron Bridge project.
  
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• No new cases, Pfizer vaccine to arrive in WA

  16-02-2021 04:29 via businessnews.com.au
  
  The state has not recorded any new cases of COVID-19 overnight, amid confirmation that the first batch of the Pfizer vaccine is due to arrive in Western Australia by the end of the month.
  
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• Stimulus underpins Perth land sales

  16-02-2021 04:00 via businessnews.com.au
  
  More than 10,000 new lots were sold during the 2020 calendar year, nearly double the number of sales compared with 2019, according to the Urban Development Institute of Australia.
  
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• Sweeter takeover bid for Coca-Cola Amatil

  16-02-2021 03:30 via businessnews.com.au
  
  Coca-Cola's European bottling arm has sweetened its final takeover offer for Australian counterpart Coca-Cola Amatil by 75 cents per share.
  
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• BHP upbeat on outlook

  16-02-2021 03:14 via businessnews.com.au
  
  BHP has announced a big increase in its interim dividend after delivering strong growth in underlying earnings and presenting a bullish outlook for its key commodities.
  
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• BHP lifts dividend, upbeat on outlook

  16-02-2021 03:00 via businessnews.com.au
  
  BHP has announced a big increase in its interim dividend after delivering strong growth in underlying earnings and presenting a bullish outlook for its key commodities.
  
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• AstraZeneca vaccine approved in Australia

  16-02-2021 03:00 via businessnews.com.au
  
  The Therapeutic Goods Administration has approved the AstraZeneca vaccine for use in Australia.
  
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• Opposition accuses SA Government of hiring a private investigator to find 'whistleblower'

  16-02-2021 02:38 via abc.net.au
  
  The Labor Party says a whistleblower in the South Australian Transport Department is being hunted by a private investigator over a series of information leaks about its passenger rail network privatisation contract with Keolis Downer.
  
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• Winter crop expected to enter record books

  16-02-2021 02:00 via businessnews.com.au
  
  Australia's winter crop production is expected to be the second biggest harvest on record, mainly due to better conditions in WA and NSW.
  
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• The 'sugar hit' of celebrities and their big-budget films has a downside, producers say

  16-02-2021 01:59 via abc.net.au
  
  For Australian film and TV producers, an influx of Hollywood productions during the pandemic is not necessarily good news.
  
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• The 'sugar hit' of celebrities and their big-budget films has a downside for Australia, producers say

  16-02-2021 01:59 via abc.net.au
  
  For Australian film and TV producers, an influx of Hollywood productions during the pandemic is not necessarily good news.
  
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• $11m allocated from bushfire fund to skydiving project 'a complete waste of money'

  16-02-2021 01:48 via abc.net.au
  
  Kempsey Shire Council hits back at critics who claim a specialist skydiving project in its local government area is not worthy of bushfire recovery funds.
  
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• How a humble harvester helped set the minimum wage

  16-02-2021 01:18 via abc.net.au
  
  Not only did the Sunshine Harvester change forever the agriculture industry, but it was at the heart of a test case that set the country's first minimum wage.
  
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