Analyst news

• WallStreetBets on AMC Entertainment as Reddit investors scoop up shares

  27-05-2021 23:56 via abc.net.au
  
  AMC Entertainment is the latest stock to go viral on Reddit's WallStreetBets, and US stocks make gains as weekly jobless claims drop in another sign of the improving US economy.
  
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• Bidding war for Tabcorp, Qantas considers vaccination rewards

  27-05-2021 23:56 via abc.net.au
  
  The bidding war for gambling giant Tabcorp has intensified with a $4 billion takeover bid, while Qantas ponders incentives for customers who are fully vaccinated against coronavirus, and the ASX is boosted by the US economic recovery. 
  
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• Bidding war for Tabcorp, ASX gains on strong US economy

  27-05-2021 23:56 via abc.net.au
  
  The bidding war for gambling giant Tabcorp has intensified with a $4 billion takeover bid and Australian shares rally with commodity prices boosted as the US economy rebounds from the coronavirus pandemic.
  
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• ASX at highest in 15 months, Qantas considers vaccine freebies

  27-05-2021 23:56 via abc.net.au
  
  The bidding war for gambling giant Tabcorp intensifies with a $4 billion takeover bid, Qantas ponders incentives for customers who are fully vaccinated against coronavirus, and the ASX 200 reaches a new record closing high.
  
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• Insurance crisis brings amusement rides to a screaming halt

  27-05-2021 23:55 via abc.net.au
  
  As the last public liability insurer leaves the market, the show cannot go on for these amusement ride businesses who've been operating for decades.
  
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• Derelict miner's cottage sells for $60,000 as interstate homebuyers snap up dirt-cheap renos

  27-05-2021 23:51 via abc.net.au
  
  It only took eight days and a $60,000 cheque to turn a derelict miner's cottage from being a candidate for demolition into a new homeowner's renovation project.
  
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• 'Do your homework': What to look out for if you're considering pet insurance

  27-05-2021 22:36 via abc.net.au
  
  Pet insurance can cost thousands of dollars a year, which is why experts say it's important to do your research before insuring your furry friend. 
  
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• 'Bigger issues at stake': Wine industry prepares to call in WTO over crippling China tariffs

  27-05-2021 22:30 via abc.net.au
  
  Australia is on the cusp of calling in the independent global trade umpire to resolve a major dispute with China.
  
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• Just one week of lockdown will cost Victoria’s economy $1 billion — and business is terrified it will drag on

  27-05-2021 21:06 via abc.net.au
  
  Early estimates from Small Business Australia place the cost of this seven day Victorian lockdown at $1 billion in lost economic activity, while the Grattan Institute puts it at slightly lower at $900 million. 
  
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• Every time a snap lockdown happens, businesses like this have to throw away food — and lose $50,000

  27-05-2021 21:06 via abc.net.au
  
  Early estimates from Small Business Australia place the cost of this seven-day Victorian lockdown at $1 billion in lost economic activity, while the Grattan Institute puts it at slightly lower at $900 million. 
  
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• Thousands of recent graduates are calling on Australia to freeze their visas in the 'Visa 485 Lives Matter' campaign

  27-05-2021 20:54 via abc.net.au
  
  Thousands of recent graduates have the right to live and work in Australia — but they're stranded due to COVID-19 and the time remaining on their visas is ticking away. 
  
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• Kriti landed a design job in Australia. But she's stuck overseas and not sure if she'll make it back

  27-05-2021 20:54 via abc.net.au
  
  Thousands of recent graduates have the right to live and work in Australia — but they're stranded due to COVID-19 and the time remaining on their visas is ticking away. 
  
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• Corporate watchdog's fee hikes face probe

  27-05-2021 11:00 via businessnews.com.au
  
  ASIC is in line for a new program designed to stop it imposing too many fees across the economy.
  
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• Ash to lead quarantine panel

  27-05-2021 11:00 via businessnews.com.au
  
  Social services executive Sue Ash has been named independent chair of the state government’s newly formed quarantine advisory panel.
  
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• At Close of Business: Madeleine Stephens on Respect@Work

  27-05-2021 10:07 via businessnews.com.au
  
  In today's episode of At Close of Business, journalists Jordan Murray and Madeleine Stephens discuss what business leaders can do to address sexual harassment in the workplace.
  
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• Federal Court rules Christian Porter's barrister has conflict of interest in ABC defamation case

  27-05-2021 10:00 via abc.net.au
  
  Christian Porter's bid to sue the ABC suffers a blow as the Federal Court rules his barrister has a conflict of interest and should be restrained from acting in the case.
  
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• Perth apartment sales steady

  27-05-2021 09:49 via businessnews.com.au
  
  Perth’s new apartment sales achieved its second highest quarter since Q1 2018, according to the latest data from Urbis.
  
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• Victorian lockdown dampens mood on ASX

  27-05-2021 09:45 via businessnews.com.au
  
  Victoria's coronavirus lockdown has sapped confidence on the share market as some companies brace for a considerable hit to sales.
  
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• Australia Post acknowledges Holgate report

  27-05-2021 09:30 via businessnews.com.au
  
  Australia Post has stopped short of apologising to former chief executive Christine Holgate or heeding calls for the organisation's chairman to resign.
  
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• Forrest Chase, City of Perth in legal battle over Bocelli's Espresso

  27-05-2021 09:21 via businessnews.com.au
  
  The owner of Forrest Chase has launched legal action against the City of Perth, seeking a court order which would force the vacation and demolition of Bocelli's Espresso in Forrest Place.
  
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• Marawar wins national accolade

  27-05-2021 09:05 via businessnews.com.au
  
  Nyoongar company Marawar has been named National Registered Supplier of the Year at Supply Nation’s Supplier Diversity Awards.
  
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• Swoop takes flight on ASX debut

  27-05-2021 09:04 via businessnews.com.au
  
  Shares in Andrew Forrest-backed telco Swoop more than doubled in value today as the company finished its first day of ASX trading with market capitalisation of $212 million.
  
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• Dragontail Systems receives $93.5m takeover bid

  27-05-2021 09:00 via businessnews.com.au
  
  The owner of Pizza Hut and KFC has proposed to acquire ASX-listed hospitality software company Dragontail Systems.
  
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• Urea buyers signal interest in Strike plant

  27-05-2021 08:50 via businessnews.com.au
  
  There’s strong interest from potential offtake partners for a Mid West urea plant, Strike Energy said today, while it works on deals for water and port access.
  
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• Palmer sues Sino, Korean Steel for $27.3m

  27-05-2021 08:23 via businessnews.com.au
  
  Clive Palmer’s mining company Mineralogy is suing Sino Iron and Korean Steel over an alleged $27.3 million debt stemming from a 15-year-old mining lease agreement.
  
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• Woodside planning Burrup solar

  27-05-2021 08:12 via businessnews.com.au
  
  A 50 megawatt solar farm could be installed at Woodside’s Pluto plant near Karratha.
  
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• Rockingham grounded on penguin plight

  27-05-2021 08:00 via businessnews.com.au
  
  The City of Rockingham is facing the potential loss of one of its iconic natives.
  
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• CBA invests in e-tailer, power provider

  27-05-2021 08:00 via businessnews.com.au
  
  The Commonwealth Bank has bought stakes in an online shopping group and power retailer as it tries to keep pace with innovative online rivals.
  
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• Dacian completes $40m raising

  27-05-2021 07:00 via businessnews.com.au
  
  Como-based Dacian Gold has completed a share placement to accelerate a significant drilling program across the company’s Mt Morgans and Redcliffe operations in WA.
  
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• Search for missing miner continues

  27-05-2021 05:30 via businessnews.com.au
  
  The search for a missing worker at AngloGold Ashanti’s Obuasi mine in Ghana is ongoing, following an underground collapse last week.
  
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• Mosaic Brands to pay $630,000 fine for misleading consumers over pandemic products

  27-05-2021 05:29 via abc.net.au
  
  Australian fashion retailer Mosaic Brands will pay a hefty fine for breaching consumer law, over its marketing of health products that were not up to scratch during the height of the pandemic last year.
  
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• A customer thought this hand sanitiser was not 'up to scratch'. The company that sold it has now been fined

  27-05-2021 05:29 via abc.net.au
  
  Australian fashion retailer Mosaic Brands will pay a hefty fine for breaching consumer law, over its marketing of health products that were not up to scratch during the height of the pandemic last year.
  
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• Growth gets boost from business investment

  27-05-2021 04:00 via businessnews.com.au
  
  New figures suggest next week's crucial economic growth figures will get a major boost from business investment and finalise a complete recovery from last year's recession.
  
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• Business investment to boost growth

  27-05-2021 04:00 via businessnews.com.au
  
  New figures suggest next week's crucial economic growth figures will get a major boost from business investment.
  
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• WA enforces hard border with Victoria

  27-05-2021 03:37 via businessnews.com.au
  
  Premier Mark McGowan has announced that WA will enforce a hard border with Victoria as the state plunges into a seven-day lockdown.
  
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• Climate change activists score two wins against 'big oil'

  27-05-2021 03:36 via abc.net.au
  
  Investors are taking action to force "big oil' to clean up its act, as top management at Exxon Mobil and Chevron get a shakeup and a Dutch court rules that Shell must cut its carbon emissions. 
  
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• AMP sued for selling to deceased customers

  27-05-2021 03:00 via businessnews.com.au
  
  Financial regulator ASIC is taking wealth manager AMP to court for selling life insurance to dead people – one of the controversies from the banking royal commission.
  
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• Australia backs US push on virus origins

  27-05-2021 02:00 via businessnews.com.au
  
  Australia has backed Joe Biden's calls for a fresh investigation into the origins of the coronavirus pandemic.
  
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• Jacqui Lambie apologises for 'rant' towards Qantas staff

  27-05-2021 01:17 via abc.net.au
  
  Tasmanian politician Jacqui Lambie apologises for launching a "rant" at Qantas staff in March during which she is reported to used a homophobic slur against the airline's chief executive, Alan Joyce.
  
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• 'Disaster in paradise': Snap road closure rocks local community

  27-05-2021 00:01 via abc.net.au
  
  Residents and businesses on Tasmania's east coast are seething after being told a vital transport route from Hobart is to be closed for several weeks because of a rockfall risk they say they have been warning about for years.
  
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