Analyst news

• Zuckerberg and Frydenberg to speak as Facebook news stand-off continues

  18-02-2021 23:24 via abc.net.au
  
  Facebook founder Mark Zuckerberg will speak with Treasurer Josh Frydenberg for the second time in two days as the tech giant and federal government contend with a stand-off over proposed media laws.
  
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• 'We will sort this out': PM urges Facebook to continue negotiations but stands firm on news code

  18-02-2021 23:24 via abc.net.au
  
  The Prime Minister says the government will not respond to Facebook's threats, urging the company to "come back to the table" and continue negotiations over the news media code.
  
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• Artists who sparked joy during lockdown face eviction from Brunswick East rental when moratorium ends

  18-02-2021 22:56 via abc.net.au
  
  A popular troupe of performers fear they won't be able to find another rental if they are evicted when both JobKeeper and the eviction moratorium end on March 28.
  
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• Are smart cars breeding complacent drivers? This instructor thinks so

  18-02-2021 22:31 via abc.net.au
  
  Increasingly smart and nearly autonomous cars are breeding complacency in motorists who already overestimate their driving ability, a defensive driving instructor says.
  
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• Facebook may face tougher laws for 'abusing market power', ASX to follow Wall Street lower

  18-02-2021 21:43 via abc.net.au
  
  Facebook shares fall sharply on concerns it might face tougher regulation overseas after its Australian news ban, while the Australian share market is expected to slip after Wall Street lost ground overnight.
  
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• Facebook may face tougher laws for 'abusing market power', ASX follows Wall Street lower

  18-02-2021 21:43 via abc.net.au
  
  Facebook shares fall sharply on concerns it might face tougher regulation overseas after its Australian news ban, while the Australian share market has fallen in early trade as Wall Street lost ground overnight.
  
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• Facebook 'dead money for months' as shares slip in response to news ban; ASX follows Wall St lower

  18-02-2021 21:43 via abc.net.au
  
  Facebook shares fall on concerns it might face tougher regulation overseas after its Australian news ban, while the Australian share market has slipped as retail sales are off to a slow start in 2021.
  
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• ASX to slip, Wall Street pulls back slightly from 'irrational exuberance'

  18-02-2021 21:43 via abc.net.au
  
  Australian shares are expected to fall in early trade after investors sold off major tech stocks and Wall Street dropped further from its record highs overnight.
  
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• ASX suffers worst day in 2021; Facebook has been 'dead money for months', analysts say

  18-02-2021 21:43 via abc.net.au
  
  Facebook shares fall on concerns it might face tougher regulation overseas after its Australian news ban, while the Australian share market has fallen sharply and retail sales are off to a slow start in 2021.
  
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• ASX suffers heavy losses; Facebook has been 'dead money for months', analysts say

  18-02-2021 21:43 via abc.net.au
  
  Facebook shares fall on concerns it might face tougher regulation overseas after its Australian news ban, while the Australian share market has fallen sharply and retail sales are off to a slow start in 2021.
  
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• ASX endures second worst day of 2021; Facebook has been 'dead money for months', analysts say

  18-02-2021 21:43 via abc.net.au
  
  Facebook shares fall on concerns it might face tougher regulation overseas after its Australian news ban, while the Australian share market has fallen sharply and retail sales are off to a slow start in 2021.
  
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• These delivery riders protested over their pay. Hours later they were sacked

  18-02-2021 21:29 via abc.net.au
  
  Jun Yang and Xiangqian Li are taking their fight to have their jobs reinstated to the Fair Work Commission, arguing they were unfairly dismissed following a protest they organised over new pay rules.
  
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• Hungry Panda drivers fight dismissal, handed down hours after protest over pay

  18-02-2021 21:29 via abc.net.au
  
  Jun Yang and Xiangqian Li are taking their fight to have their jobs reinstated to the Fair Work Commission, arguing they were unfairly dismissed following a protest they organised over new pay rules.
  
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• 'We're not the Gold Coast': The fight against mass transit on the Sunshine Coast

  18-02-2021 20:48 via abc.net.au
  
  Sunshine Coast Council is due to start community engagement on its proposed mass transit system in the next few months, touting it as a sustainable transport solution to deal with the region's growing pains.
  
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• Shadow communications minister suggests Facebook's news ban could be 'beginning of the end' for social platform

  18-02-2021 13:35 via abc.net.au
  
  Australia's shadow communications minister, Michelle Rowland, questions whether Facebook's news ban is the "beginning of the end" for the platform in Australia as eSafety Commissioner Julie Inman Grant calls Facebook out for not doing enough in areas such as child safety.
  
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• 'Beginning of the end for Facebook': Q+A tackles the platform's Australian news ban

  18-02-2021 13:35 via abc.net.au
  
  Australia's shadow communications minister, Michelle Rowland, questions whether Facebook's news ban is the "beginning of the end" for the platform in Australia as eSafety Commissioner Julie Inman Grant calls Facebook out for not doing enough in areas such as child safety.
  
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• Fremantle Dockers record $1 million loss

  18-02-2021 12:51 via businessnews.com.au
  
  The Fremantle Dockers have reported an operating loss of more than $1 million for the COVID-ravaged 2020 season after receiving amost $3.4 million in Jobkeeper subsidies.
  
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• CSL says vaccine manufacture accelerated

  18-02-2021 10:00 via businessnews.com.au
  
  Biotech giant CSL says it has accelerated the manufacture of the AstraZeneca COVID-19 vaccine with the first doses planned for release in late March.
  
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• ACCC wary on insurance merger

  18-02-2021 09:22 via businessnews.com.au
  
  Australia’s competition watchdog has raised concerns about the proposed merger of insurance brokers Aon and Willis Towers Watson, which are two of the big three players in the market.
  
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• Greenbatch Foundation in administration

  18-02-2021 09:02 via businessnews.com.au
  
  Greenbatch Foundation is in voluntary administration after losing income due to events cancelled in Perth’s recent COVID-19 lockdown.
  
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• Tao Group to face court over lease

  18-02-2021 09:01 via businessnews.com.au
  
  Property firm Miramar Property Partners is taking food vendor Tao Cafe to the Supreme Court for allegedly breaking a $2.9 million lease agreement.
  
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• Tao Group taken to face court over lease

  18-02-2021 09:01 via businessnews.com.au
  
  Property firm Miramar Property Partners is taking food vendor Tao Cafe to the Supreme Court for allegedly breaking a $2.9 million lease agreement.
  
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• ARTS REVIEW - Children of the Sea

  18-02-2021 08:58 via businessnews.com.au
  
  Children of the Sea, Perth Festival, Encounter / Performing Lines WA · Subiaco Arts Centre, 17 February, 2021 ·
  
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• ASX ends flat, CSL and Fortescue impress

  18-02-2021 08:47 via businessnews.com.au
  
  Australia's share market closed little changed, but could have been lower if not for giants CSL and Fortescue giving good earnings reports and steadying the indices.
  
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• Deep Yellow secures funds for uranium project

  18-02-2021 08:30 via businessnews.com.au
  
  Perth-based Deep Yellow has secured $40.8 million from investors to progress the development of a uranium project in Namibia.
  
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• Cost cutting aids South32 earnings

  18-02-2021 08:30 via businessnews.com.au
  
  South32’s interim dividend has lifted by 27 per cent despite revenue and profit declining markedly in the six months to December.
  
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• New vice-chancellor wants CDU to expand its offering — despite recent cuts to courses and staff

  18-02-2021 08:25 via abc.net.au
  
  The new vice-chancellor plans to introduce courses in emerging industries in a bid to attract more students, after several years of course cuts and job losses at the institution.
  
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• Logging to resume on South Coast for first time since bushfires, against EPA advice

  18-02-2021 07:46 via abc.net.au
  
  Forestry Corporation will restart operations within the next few weeks, after talks break down over what environmental protections should be in place for fire-affected areas.
  
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• Project WA outlines plan for prosperity

  18-02-2021 07:30 via businessnews.com.au
  
  The Mannkal Economic Education Foundation has launched Project WA, which sets out a free-market microeconomic agenda for the next state government.
  
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• WA to roll out COVID vaccines from Monday

  18-02-2021 07:00 via businessnews.com.au
  
  At least 5,000 Western Australians should be fully vaccinated against COVID-19 by mid-March with hotel quarantine workers to be among the first recipients.
  
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• Poll pressure on upper house

  18-02-2021 07:00 via businessnews.com.au
  
  The strong likelihood of a returned McGowan government isn’t enough to ensure it can gain a majority in the upper house.
  
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• Hastings launches $57m placement

  18-02-2021 07:00 via businessnews.com.au
  
  Rare earths company Hastings Technology Metals has secured funds from a share placement to progress the construction of its Yangibana joint venture in Western Australia.
  
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• Record home starts for 2020

  18-02-2021 06:00 via businessnews.com.au
  
  The Housing Industry Association has forecast a record near-130,000 detached home starts for Australia in 2021, with a steep decline in numbers predicted early next year.
  
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• Crown's $120m first-half loss adds to woes

  18-02-2021 06:00 via businessnews.com.au
  
  Crown Resorts shareholders have had more bad news after the casino operator revealed a first-half loss of $120 million from coronavirus restrictions.
  
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• NRW dumped on weak profit

  18-02-2021 05:52 via businessnews.com.au
  
  Shares in NRW Holdings fell sharply today after the contractor’s earnings were hit by higher operating costs and lower productivity in the Pilbara.
  
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• Facebook ban potentially 'dangerous' for Indigenous vaccine rollout

  18-02-2021 05:33 via abc.net.au
  
  Indigenous health and media groups fear the shutdown of community pages may have a "devastating" impact on regional communities during the rollout of COVID-19 vaccines.
  
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• NodeOne, Swoop to merge, list on ASX

  18-02-2021 05:00 via businessnews.com.au
  
  Two internet service providers backed by Andrew Forrest’s Tattarang are set to merge and list on the ASX through a reverse takeover of Sydney-based outfit Stemify.
  
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• January setback in job recovery

  18-02-2021 04:26 via businessnews.com.au
  
  More than 13,000 Western Australians lost jobs in January, including 9,900 women, according to new labour market data.
  
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• MAK Water buys Qld business

  18-02-2021 04:25 via businessnews.com.au
  
  Privately owned Perth company MAK Industrial Water Solutions has continued its rapid expansion, buying a Queensland-based water treatment company.
  
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• Retail sales buoy Wesfarmers half-year results

  18-02-2021 04:00 via businessnews.com.au
  
  Wesfarmers chief executive Rob Scott has called for a nationally consistent approach to hotel quarantine and lockdowns as COVID-related buying boosted sales across the conglomerate’s retail outlets.
  
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• Retail growth buoys Wesfarmers half-year results

  18-02-2021 04:00 via businessnews.com.au
  
  Wesfarmers chief executive Rob Scott has called for a nationally consistent approach to hotel quarantine and lockdowns as COVID-related buying boosted sales across the conglomerate’s retail outlets.
  
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• Fortescue confirms Iron Bridge cost blowout

  18-02-2021 04:00 via businessnews.com.au
  
  Fortescue Metals Group has pushed back production for its Iron Bridge magnetite project in the Pilbara, following a $400 million cost blowout and the resignation of three company directors.
  
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• Woodside reports $US4b loss despite record production

  18-02-2021 03:08 via businessnews.com.au
  
  Despite a record-breaking year for production, Australian petroleum company Woodside has reported a net loss of more than $US4 billion.
  
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• Woodside reports $US4bn loss despite record production

  18-02-2021 03:00 via businessnews.com.au
  
  Impairments drove Australian petroleum company Woodside to a net loss of $US4 billion, but underlying profit was $US447 million.
  
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• Pressure mounting on minister over assault

  18-02-2021 03:00 via businessnews.com.au
  
  Defence Minister Linda Reynolds has avoided providing a detailed explanation about the handling of rape allegations involving a former staffer.
  
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• Government rules out Murray Basin rail gauge standardisation

  18-02-2021 02:20 via abc.net.au
  
  The Victorian government says standardisation of the Sea Lake and Manangatang rail lines will not happen under the Murray Basin Rail Project, in a blow to farmers and freight operators.
  
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• Container chaos as 'perfect storm' causes major import and export delays at ports

  18-02-2021 02:15 via abc.net.au
  
  The COVID pandemic, industrial action and the weather have combined to cause big delays to international shipping and pushing up the costs to get goods in and out of Australia.
  
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• Facebook to revive health, emergency pages

  18-02-2021 02:00 via businessnews.com.au
  
  Facebook will restore pages of some state and territory health authorities, emergency services and the Bureau of Meteorology after they were caught up in the platform's Australian news ban.
  
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• Australians blocked from news on Facebook

  18-02-2021 02:00 via businessnews.com.au
  
  Facebook has followed through on its threat to ban Australians sharing news on its platform in response to a proposed media bargaining code.
  
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• Unemployment and underemployment fall as COVID recovery continues

  18-02-2021 01:47 via abc.net.au
  
  Both unemployment and underemployment continue their downward trends in further positive signs that Australia's economy is bouncing back quickly from COVID-19.
  
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