Analyst news

• Facebook reinstating health and safety pages but government says damage to reputation has been done

  17-02-2021 22:38 via abc.net.au
  
  Facebook's decision to block access to health and emergency services pages will damage its reputation, according to Treasurer Josh Frydenberg.
  
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• Facebook can't be trusted for reliable news, says government, as Mark Zuckerberg speaks to the Treasurer

  17-02-2021 22:38 via abc.net.au
  
  Facebook's credibility as a source for news should be questioned, according to Communications Minister Paul Fletcher, in statements escalating the stand-off between the government and the social media giant.
  
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• Victoria records zero new local coronavirus cases, Moomba festival is called off

  17-02-2021 22:37 via abc.net.au
  
  Victorian Premier Daniel Andrews writes to the Prime Minister to confirm international flights into the state are on hold indefinitely as Melbourne council calls off Moomba.
  
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• Victoria records zero new local coronavirus cases

  17-02-2021 22:37 via abc.net.au
  
  Victoria records no new locally-acquired coronavirus cases for the second day in a row, as the state emerges from a five-day stage 4 lockdown.
  
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• Andrews tells PM Victoria is 'unable to nominate' when international flights will resume

  17-02-2021 22:37 via abc.net.au
  
  Victorian Premier Daniel Andrews writes to the Prime Minister to confirm international flights into the state are on hold indefinitely, despite a five-day lockdown coming to an end overnight.
  
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• AFL boss, Reece plumbing family part of $100m purchase of famous Wave Hill Station

  17-02-2021 21:49 via abc.net.au
  
  AFL CEO Gillon McLachlan and the low-key billionaire family behind the Reece plumbing empire are silent backers of Jumbuck Pastoral's purchase of the NT's iconic Wave Hill Station.
  
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• Fortescue and CSL profits jump, Crown suffers big loss, while ASX recovers and bitcoin hits new record

  17-02-2021 21:26 via abc.net.au
  
  Reporting season is underway with Crown Resorts and Woodside Petroleum reporting big losses, while profits surge for ANZ, Wesfarmers, Fortescue Metals and CSL. The Australian market is marginally higher, while bitcoin surges to fresh record highs.
  
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• Crown suffers big loss, Fortescue and CSL profits jump, while ASX ends flat and bitcoin hits new record

  17-02-2021 21:26 via abc.net.au
  
  Reporting season is underway with Crown Resorts and Woodside Petroleum reporting big losses, while profits surged for ANZ, Wesfarmers, Fortescue Metals and CSL. The Australian market ended its day flat, while bitcoin surged to a fresh record high.
  
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• Bitcoin surges to new record above $US52,000, ASX to slip

  17-02-2021 21:26 via abc.net.au
  
  Bitcoin soars to yet another record high as analysts warn against the sustainability of such prices amid elevated volatility, while Australian shares are expected to begin their day lower.
  
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• Bitcoin surges to new record above $US52,000, ASX recovers

  17-02-2021 21:26 via abc.net.au
  
  Bitcoin soars to yet another record high as analysts warn about the sustainability of this bubble, the Australian share market is expected to fall, while ANZ, Origin Energy, Wesfarmers and CSL have reported their earnings.
  
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• Bitcoin surges to new record above $US52,000, ASX flat

  17-02-2021 21:26 via abc.net.au
  
  Bitcoin soars to yet another record high as analysts warn about the sustainability of this bubble, the Australian share market is expected to fall, while ANZ, Origin Energy, Wesfarmers and CSL have reported their earnings.
  
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• Live: NSW Now: Black Hawk down in Sydney park, fight against powerlines in Kosciuszko

  17-02-2021 20:44 via abc.net.au
  
  MORNING BRIEFING: An Army Black Hawk helicopter makes an emergency landing after a mishap during a training exercise on Sydney Harbour, while key independent politicians reject Transgrid's plans for overhead transmission lines in Kosciuszko National Park.
  
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• Victorian schools and businesses reopen after COVID-19 lockdown

  17-02-2021 20:27 via abc.net.au
  
  After five days in lockdown, students across Victoria today return to school and many businesses are able to again open their doors. But the lockdown has not been without pain, with may small businesses calling for greater assistance.
  
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• 'It can be difficult': Schools and businesses reopening after snap coronavirus lockdown

  17-02-2021 20:27 via abc.net.au
  
  After five days in lockdown, students across Victoria today return to school and many businesses are able to again open their doors. But the lockdown has not been without pain, with many small businesses calling for greater assistance.
  
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• Facebook to restrict sharing or viewing news content in Australia

  17-02-2021 20:07 via abc.net.au
  
  Facebook will restrict publishers and people in Australia from sharing or viewing Australian and international news content. The move will also prevent people overseas from sharing Australian content on the social media site.
  
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• Facebook restricts Australians' access to news

  17-02-2021 20:07 via abc.net.au
  
  Facebook will restrict publishers and people in Australia from sharing or viewing Australian and international news content. The move will also prevent people overseas from sharing Australian content on the social media site.
  
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• NBN Co executives and employees got $77 million in bonuses in back half of 2020

  17-02-2021 19:43 via abc.net.au
  
  There were more bonuses paid out to NBN Co employees in five months of 2020 than in the entirety of the 2018-19 financial year.
  
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• You may start seeing fewer updates from companies you own shares in. Here's why

  17-02-2021 19:42 via abc.net.au
  
  The law requires company directors to tell shareholders about any major new information affecting their investment, but those rules are about to become a lot weaker, experts warn.
  
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• Jobs data highlights labour demand

  17-02-2021 08:55 via businessnews.com.au
  
  The latest job vacancy figures released by the National Skills Commission have highlighted the tight labour market in Western Australia, with demand for labourers now at an eight-year high.
  
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• Rio adds to dividend boom

  17-02-2021 08:49 via businessnews.com.au
  
  Mining giant Rio Tinto has posted a 20 per cent jump in annual underlying earnings and declared a bumper dividend as it reaped the benefits of sustained high iron ore prices.
  
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• ASX lower as retail bosses fear sales peak

  17-02-2021 08:30 via businessnews.com.au
  
  Australia's share market has closed lower, while two retail leaders warned pandemic sales may have peaked ahead of government assistance being wound back and travel restrictions easing.
  
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• Wayne Bergmann to help Rio

  17-02-2021 08:28 via businessnews.com.au
  
  Rio Tinto has hired indigenous community leader Wayne Bergmann to help improve relations with traditional owners as it continues to grapple with fallout from the Juukan Gorge controversy.
  
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• Wesfarmers in $950m lithium approval

  17-02-2021 08:27 via businessnews.com.au
  
  Construction of the Mt Holland lithium mine and a Kwinana refinery will begin next year, Wesfarmers announced today, with the green light given to the mine development.
  
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• Crown inquiry could take four months: Papalia

  17-02-2021 08:27 via businessnews.com.au
  
  A major inquiry into allegations of money laundering at Crown could take up to four months, according to Racing and Gaming Minister Paul Papalia.
  
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• Worsfold takes on new corporate role

  17-02-2021 08:00 via businessnews.com.au
  
  Former Aussie Rules footballer and coach John Worsfold has picked up a new managerial role with local mining services company Emeco Holdings.
  
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• Homelessness ranks highly in state poll

  17-02-2021 08:00 via businessnews.com.au
  
  Nearly two-thirds of voters have cited homelessness as a major issue ahead of the state election, with efforts to build social and affordable housing drawing broad support.
  
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• Homelessness a key state poll issue

  17-02-2021 08:00 via businessnews.com.au
  
  Nearly two-thirds of voters have cited homelessness as a major issue ahead of the state election, with efforts to build social and affordable housing drawing broad support.
  
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• Mark Latham takes on IPC after mine rejected over concerns for Sydney's drinking water supply

  17-02-2021 07:21 via abc.net.au
  
  The NSW One Nation Leader says he'll put forward a private members' bill in a bid to have the decision – which he claims puts thousands of jobs at stake – overturned.
  
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• Value debatable from big rail spending

  17-02-2021 07:06 via businessnews.com.au
  
  Transport investment is budgeted to be $11.7 billion through to 2024, but not all proposals offer obvious value.
  
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• Dartnell, Aurizon, full steam ahead

  17-02-2021 07:06 via businessnews.com.au
  
  Aurizon manager Anna Dartnell talks about growing demand for rail freight and her leadership journey.
  
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• Intelligence balance right on Q

  17-02-2021 07:00 via businessnews.com.au
  
  A blend of multiple intelligences will make the difference between us having good lives and great ones.
  
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• 'We just need more housing': Calls for review of Gold Coast homeless accommodation

  17-02-2021 06:44 via abc.net.au
  
  Mermaid Beach MP Ray Stevens petitions the State government to review its use of motels for short-term crisis accommodation amid public safety concerns in Miami and north Burleigh.
  
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• 'One of the biggest blunders in banking history': Citigroup loses bid to recover $644m paid out by mistake

  17-02-2021 06:34 via abc.net.au
  
  Citigroup says it will appeal a US judge's ruling that it is on the hook for almost $1.1 billion in mistaken payments it sent out to 10 financial companies, instead of $10 million worth of interest payments.
  
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• BDO expands remuneration practice

  17-02-2021 06:11 via businessnews.com.au
  
  BDO has recruited three experienced staff to bolster its Perth-based remuneration and reward practice as it gears up to service new industries and new geographies.
  
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• Vaccine rollout will lift confidence: PM

  17-02-2021 06:00 via businessnews.com.au
  
  New figures show Australia looks set for solid economic growth in coming months, with unemployment falling further as jobs vacancies surged to an 18-month high.
  
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• Vaccine rollout will buoy confidence: PM

  17-02-2021 06:00 via businessnews.com.au
  
  New figures show Australia looks set for solid economic growth in coming months, with unemployment falling further as jobs vacancies surged to an 18-month high.
  
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• Underlying earnings lift at carsales.com

  17-02-2021 06:00 via businessnews.com.au
  
  Reduced public transport use, international travel bans and flexible work arrangements have combined to lift underlying earnings growth at Carsales.com and prompt an increased dividend payout.
  
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• WA Labor unveils $259m renewables plan

  17-02-2021 05:43 via businessnews.com.au
  
  The WA Labor Party has unveiled its $259 million plan to revolutionise renewable energy manufacturing, the bulk of which will be spent building 1,000 stand alone power systems across Western Australia.
  
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• Relief as Victoria's snap lockdown ends, but regional businesses reel from five days of damage

  17-02-2021 05:36 via abc.net.au
  
  Victoria's restrictions are set to ease but there are no guarantees for the future and regional businesses say they are going to need more help if they are to survive.
  
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• Primero, AMCI withdraw manganese offer

  17-02-2021 05:00 via businessnews.com.au
  
  Bryah Resources will hold on to its 70 per cent stake in a Mid West manganese project, after joint buyers Primero Group and investment firm AMCI withdrew their $5 million offer.
  
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• Kirkup seeks check on Labor’s control

  17-02-2021 05:00 via businessnews.com.au
  
  Zak Kirkup has warned WA voters not to hand Labor total control of state parliament amid fears the opposition will lose further ground at the upcoming state election.
  
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• Cedar Woods posts profit increase

  17-02-2021 04:45 via businessnews.com.au
  
  Cedar Woods Properties has posted a net profit of $22.4 million for the first half of the 2021 financial year, up 120 per cent on the same time last year.
  
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• Super Retail Group's first-half profit surges

  17-02-2021 04:30 via businessnews.com.au
  
  Super Retail Group, which owns BCF and Supercheap Auto, has reported a first-half profit increase of 201 per cent as Australians looked for leisure alternatives to travel during the pandemic.
  
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• 'Absurd and unprecedented': Tech giants push back on news code as critics warn it could endanger a free and open internet

  17-02-2021 04:23 via abc.net.au
  
  The consumer watchdog raises fresh concerns about tech giant Google's digital advertising dominance, vowing to pursue its potential misuse of market power.
  
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• $10m shopping centre sale

  17-02-2021 04:02 via businessnews.com.au
  
  Investors continue to eye the retail property space, with the Glenfield Shopping Centre recently selling to an undisclosed buyer for $10.4 million.
  Located north of Geraldton, the centre is anchored by an IGA and drive-through Cellarbrations liquor store, both on 10-year leases.
  
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• Westpac posts $2bn first quarter profit

  17-02-2021 03:30 via businessnews.com.au
  
  Westpac claimed first-quarter cash earnings were up 54 per cent and boss Peter King says there had been a significant increase in home loan applications.
  
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• Coles buoyed by stop-at-home Christmas sales

  17-02-2021 03:00 via businessnews.com.au
  
  Coles enjoyed soaring sales during the second half of last year, buoyed in part by customers being forced to stay at home during Christmas.
  
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• 'We've never seen this sort of event': Dead, sick baby turtles wash up in Queensland after eating plastic

  17-02-2021 02:29 via abc.net.au
  
  Scientists report an "unusually large number" of weeks-old flatback turtles washing up on the Capricorn Coast with plastic debris in their systems.
  
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• Media cash in ahead of laws on tech giants

  17-02-2021 02:00 via businessnews.com.au
  
  Google is striking a series of lucrative deals with local media firms ahead of world-first laws forcing tech giants to pay for Australian news.
  
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• 'This isn't just sex, drugs and rock and roll': The music industry says it is in crisis

  17-02-2021 01:35 via abc.net.au
  
  Artist managers, booking agents, stage crew and musicians, from Archie Roach to Courtney Barnett, say the industry is in crisis and needs a continued wage subsidy.
  
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