Analyst news

• ASX to push new record high, Wall Street 'meme stock' AMC surges 96pc

  02-06-2021 23:50 via abc.net.au
  
  The Australian share market is expected to rise further in morning trade after hitting a record high yesterday, while oil prices jump to a 15-month high and Wall Street 'meme' stock AMC Entertainment stages a comeback.
  
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• ASX hits another record high, Wall Street 'meme stock' AMC surges 96pc

  02-06-2021 23:50 via abc.net.au
  
  The Australian share market climbs to a record high for the second day in a row, while oil prices jump to a 15-month high and Wall Street 'meme' stock AMC Entertainment stages a comeback.
  
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• Territorians urged to use COVID tracking app as Victorian outbreak grows

  02-06-2021 23:33 via abc.net.au
  
  Despite the Territory Check-In app being used 800,000 times last month, some fear growing complacency because there has never been any community transmission in the Northern Territory.
  
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• Building boom blues that no-one saw coming

  02-06-2021 22:30 via abc.net.au
  
  No-one is immune from dilemmas facing the building industry, no matter how large or small their bank balance.
  
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• Australian lobsters back on the menu as Chinese 'grey trade' fires up again

  02-06-2021 22:28 via abc.net.au
  
  Australian lobster fishermen shut out of mainland China are selling millions of dollars' worth of crayfish to the once-booming market via unofficial "grey channels".
  
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• Halloween hailstorm still causing nightmares in June

  02-06-2021 21:47 via abc.net.au
  
  Anger towards the insurance industry is growing as residents at Springfield, west of Brisbane, still find themselves fighting to get their homes repaired after a damaging storm seven months ago.
  
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• Hail-ravaged residents angry about 'continuous fight' with insurers to get homes fixed

  02-06-2021 21:47 via abc.net.au
  
  Anger towards the insurance industry is growing as residents at Springfield, west of Brisbane, still find themselves fighting to get their homes repaired after a damaging storm seven months ago.
  
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• 'Continuous fight' with insurers after Halloween hail storm leaves residents out of home

  02-06-2021 21:47 via abc.net.au
  
  Anger towards the insurance industry is growing as residents at Springfield, west of Brisbane, still find themselves fighting to get their homes repaired after a damaging storm seven months ago.
  
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• 'A painful experience': Residents frustrated by wait for Halloween hailstorm repair delays

  02-06-2021 21:47 via abc.net.au
  
  Anger towards the insurance industry is growing as residents at Springfield, west of Brisbane, still find themselves fighting to get their homes repaired after a damaging storm seven months ago.
  
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• These Sydney apartment towers were built in 2018 — now the owners are suing for alleged ‘defects’

  02-06-2021 21:07 via abc.net.au
  
  Apartment owners in a Parramatta complex are suing developer Toplace over a list of alleged defects in the riverside towers. It's the same developer behind Sydney's Skyview towers which are currently under review over similar concerns.
  
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• Sydney developer in spotlight again over alleged apartment defects

  02-06-2021 21:07 via abc.net.au
  
  Apartment owners in a Parramatta complex are suing developer Toplace over a list of alleged defects in the riverside towers. It's the same developer behind Sydney's Skyview towers which are currently under review over similar concerns.
  
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• It's not just casuals without cash. Permanent workers are running out of options during Victoria's lockdown

  02-06-2021 21:05 via abc.net.au
  
  The extension of Melbourne's lockdown by another week is throwing many workers into a worst-case scenario – a pay cycle with no JobKeeper and now no entitlements to draw upon.
  
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• Alex just bought a house and Victoria’s lockdown means he might miss his second mortgage repayment

  02-06-2021 21:05 via abc.net.au
  
  The extension of Melbourne's lockdown by another week is throwing many workers into a worst-case scenario – a pay cycle with no JobKeeper and now no entitlements to draw upon.
  
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• Alex just bought a house and Victoria’s lockdown means he might miss his second ever mortgage repayment

  02-06-2021 21:05 via abc.net.au
  
  The extension of Melbourne's lockdown by another week is throwing many workers into a worst-case scenario – a pay cycle with no JobKeeper and now no entitlements to draw upon.
  
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• Photo reveals 'catastrophic' damage to Callide Power Station that blacked out Queensland

  02-06-2021 11:29 via abc.net.au
  
  A 300-kilogram piece of shrapnel is removed from the roof of the Callide Power Station in central Queensland after a recent explosion that blacked out more than 470,000 homes and business across the state.
  
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• Faster vaccine rollout to more people 'absolutely crucial', says travel boss

  02-06-2021 11:06 via abc.net.au
  
  Flight Centre chief executive Graham Turner says the vaccine rollout needs to be accelerated, with the aim of inoculating 80 per cent of the population.
  
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• Alarming aged care vaccine data blind spot

  02-06-2021 11:00 via businessnews.com.au
  
  Senior health bureaucrats have insisted a glaring lack of data about aged care workers' vaccination status will be fixed in coming weeks.
  
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• Regional Victoria out of lockdown but some restrictions remain

  02-06-2021 10:16 via abc.net.au
  
  The announcement of a potential lockdown reprieve for regional Victoria receives a mixed response.
  
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• Businesses in regional Victoria angry and confused over remaining COVID restrictions

  02-06-2021 10:16 via abc.net.au
  
  The announcement of a potential lockdown reprieve for regional Victoria receives a mixed response with some businesses frustrated they still have to police restrictions.
  
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• Surgery delays for WA's crowded hospitals

  02-06-2021 10:08 via businessnews.com.au
  
  Patients in Western Australia's badly overcrowded public hospitals are having surgeries postponed as the system grapples with "unprecedented" demand.
  
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• ASX extends records on commodities surge

  02-06-2021 09:55 via businessnews.com.au
  
  Shares hit record heights for the second time this week on the Australian market, after investors could not resist materials and energy stocks.
  
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• At Close of Business: Mark Beyer on Indigenous businesses

  02-06-2021 09:53 via businessnews.com.au
  
  In today's episode of At Close of Business, journalists Jordan Murray and Mark Beyer discuss Indigenous businesses.
  
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• Decision close for West Coast Hwy towers

  02-06-2021 09:48 via businessnews.com.au
  
  Two major multi-storey developments planned for Scarborough will be determined by planning authorities next week, with one recommended for refusal and the other for approval.
  
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• Tesla set for $1bn a year spending in Australia

  02-06-2021 09:37 via businessnews.com.au
  
  Electric vehicle manufacturer Tesla estimates it could be spending as much as $1 billion buying Australian minerals annually within a few years.
  
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• WA government bans 'sexist, demeaning' Wicked Campers van slogans

  02-06-2021 09:11 via abc.net.au
  
  The WA government is drafting new laws to outlaw the use of derogatory slogans on vehicles, such as those displayed on Wicked Campers hire vans.
  
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• Ngala, Oryx partner for intergenerational care facility

  02-06-2021 09:07 via businessnews.com.au
  
  Ngala will run the early learning and development service at Oryx’s aged care facility The Queenslea Claremont which is implementing an intergenerational care model.
  
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• Hundreds of thousands of dollars in mining royalties blocked amid financial probe into Aboriginal native title group

  02-06-2021 09:07 via abc.net.au
  
  Mining royalties worth $300,000 per month to a South Australian Aboriginal native title group have been suspended, while the federal regulator and administrators complete a review into a "labyrinth" of related entities and transactions is complete.
  
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• One of Australia's biggest live export companies goes into administration

  02-06-2021 08:42 via abc.net.au
  
  North Australian Cattle Company, which was founded in 1980, is in financial strife in a sign of how much pressure the industry is under.
  
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• WA tops affordability test

  02-06-2021 08:31 via businessnews.com.au
  
  Western Australia is the most affordable place in the country for renters, according to the Real Estate Institute of Australia’s latest report.
  
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• Sawmill rejects SA government rescue package

  02-06-2021 08:03 via abc.net.au
  
  A South Australian sawmill plans to reject a "rescue package" orchestrated by the state government, which could help build 1,000 homes.
  
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• Why apartments could be the new quarter acre block

  02-06-2021 08:00 via businessnews.com.au
  
  The Great Australian dream of homeownership is changing explains Catherine Lezer, president of the Strata Community Association WA.
  
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• Mullet doesn’t make the cut

  02-06-2021 08:00 via businessnews.com.au
  
  The return of the mullet opens up a conversation about schools’ role and personal freedoms.
  
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• A little piece of Hollywood in Sydney will live on after $10m sale

  02-06-2021 07:59 via abc.net.au
  
  A central Sydney pub owned by a pioneering Hollywood publican has been sold in a multi-million-dollar deal to a private investment firm.
  
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• SRG Global wins $50m in contracts

  02-06-2021 07:00 via businessnews.com.au
  
  SRG Global has been awarded three contracts in infrastructure construction and defence, including at the HMAS Stirling Facility at Garden Island, totalling about $50 million.
  
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• Timber shortage 'domino effect' could lead to 'valley of death', summit told

  02-06-2021 06:55 via abc.net.au
  
  Australia's timber shortage isn't just hurting the building industry but is having flow-on effects for tradespeople whose livelihoods depend on it, an emergency summit in SA is told.
  
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• Federal government won't help Victoria out with a JobKeeper-style payment

  02-06-2021 06:23 via abc.net.au
  
  The federal government appears open to providing further support to Victoria but has ruled out reviving the $90 billion JobKeeper wage subsidy scheme. It's also expected to announce a purpose-built quarantine facility on the outskirts of Melbourne.
  
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• Federal government rebuffs Victorian bid for a JobKeeper-style payment

  02-06-2021 06:23 via abc.net.au
  
  The federal government is open to providing further support to Victoria but appears to have ruled out reviving the $90 billion JobKeeper wage subsidy scheme. It's also expected to announce a purpose-built quarantine facility on the outskirts of Melbourne.
  
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• WA receives India flight amid hotel fears

  02-06-2021 06:00 via businessnews.com.au
  
  Western Australia has received its first repatriation flight from India amid concerns about a fresh COVID-19 hotel quarantine breach.
  
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• New system to track dodgy directors: ATO

  02-06-2021 06:00 via businessnews.com.au
  
  The tax office is cracking down on dodgy company directors with a new identification system that will stick with them for life.
  
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• Gumala, Wintawari shift focus

  02-06-2021 05:34 via businessnews.com.au
  
  Two major Aboriginal businesses have shut their contracting arms, choosing to invest instead in tourism and mining.
  
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• Miners lead on indigenous spend

  02-06-2021 05:30 via businessnews.com.au
  
  Mining is the largest supporter of indigenous businesses, but the contribution of big miners is highly variable.
  
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• Investment supercharges WA growth

  02-06-2021 04:40 via businessnews.com.au
  
  Western Australia’s domestic economy grew substantially in the March quarter, as the country continued a strong bounceback from the pandemic recession.
  
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• Dodo and iPrimus fined $2.5m for misleading consumers about NBN speeds

  02-06-2021 03:51 via abc.net.au
  
  Dodo and iPrimus are the latest internet providers to get fined for making misleading claims about the typical speeds of their NBN broadband plans.
  
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• Australia's economy bigger than it was before COVID after surprise bounce back

  02-06-2021 03:43 via abc.net.au
  
  Australia's economy bounces back from the COVID recession, growing by a much-better-than-expected 1.1 per cent over the past year.
  
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• Australia is one of six countries to grow its economy since the pandemic began. This is why

  02-06-2021 03:43 via abc.net.au
  
  Australia's economy bounces back from the COVID recession, growing by a much-better-than-expected 1.1 per cent over the past year thanks in part to government subsidies boosting key sectors.
  
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• Ben Wyatt joins Woodside

  02-06-2021 03:39 via businessnews.com.au
  
  Former WA treasurer Ben Wyatt has joined the board of Woodside Petroleum, indicating he is unlikely to join either BHP or Mineral Resources as previously rumoured.
  
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• Henderson’s healthy dose of success

  02-06-2021 03:00 via businessnews.com.au
  
  Improving outcomes for others has been a driving force in Michael Henderson’s professional and personal life.
  
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• Most Australians are worried about job security and casual work is a big reason why

  02-06-2021 01:59 via abc.net.au
  
  The vast majority of Australians say "job security" is a concern, with around a quarter worried about losing their own job this year, Australia Talks reveals.
  
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• Jordi found two jobs, both tried to underpay her then stopped giving her shifts

  02-06-2021 01:59 via abc.net.au
  
  Australia Talks data shows the vast majority of people think job security is a concern, and experts say the nature of casual work is part of the problem.
  
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• PACT win apartments work

  02-06-2021 01:29 via businessnews.com.au
  
  Mustera Property Group have appointed PACT Construction to deliver its $89 million Applecross project.
  
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