Analyst news

• Facebook's market value hits $US1t, as tech stocks boost Wall St to new records

  28-06-2021 23:48 via abc.net.au
  
  Facebook's market value hits $US 1 trillion after a US judge dismissed several antitrust lawsuits against the company, while the Australian market is set to fall despite record highs on Wall Street overnight.
  
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• ASX opens lower as Kathmandu reveals COVID lockdown profit warning

  28-06-2021 23:48 via abc.net.au
  
  The ASX opens lower as a profit warning from retailer Kathmandu is an early sign of the financial cost of the latest lockdowns around the nation. Facebook's value tops $US1 trillion as tech stocks lead gains on US share markets.
  
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• ASX in the red as Kathmandu reveals COVID lockdown profit warning

  28-06-2021 23:48 via abc.net.au
  
  The ASX slides as a profit warning from retailer Kathmandu is an early sign of the financial cost of the latest lockdowns around the nation. Facebook's value tops $US1 trillion as tech stocks lead gains on US share markets.
  
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• ASX falls slightly and Kathmandu reveals COVID lockdown profit warning

  28-06-2021 23:48 via abc.net.au
  
  The ASX declines but comes off its lows despite the extension of  coronavirus restrictions and a profit warning from retailer Kathmandu is an early sign of the financial cost of the lockdowns around the nation. 
  
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• Queensland's escalating COVID concern puts holiday, funeral and wedding plans in limbo

  28-06-2021 21:35 via abc.net.au
  
  Holidaymakers across the state are unsure where to turn and those planning weddings and other celebrations face the prospect of scaled back events, with authorities poised to take tough measures if COVID-19 numbers rise in the state.
  
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• Perth, Peel enters four-day lockdown

  28-06-2021 14:13 via businessnews.com.au
  
  Perth and Peel will enter a snap four-day lockdown from midnight tonight after a third person tested positive for what genomic sequencing has confirmed is the Delta variant of COVID-19.
  
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• Perth, Peel enter four-day lockdown

  28-06-2021 14:13 via businessnews.com.au
  
  Perth and Peel will enter a snap four-day lockdown from midnight tonight after a third person tested positive for what genomic sequencing has confirmed is the Delta variant of COVID-19.
  
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• Report highlights major issues with Federal government's $660m pre-election car park spend

  28-06-2021 11:54 via abc.net.au
  
  A review by the auditor-general shows many of the car parking projects announced in the lead up to the 2019 election were not in the areas they were needed most, and two of the projects have since been completely ditched.
  
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• Music mogul leads purchase of dilapidated Dunk Island

  28-06-2021 11:01 via abc.net.au
  
  The firm's plans for the island are yet to be revealed, but locals hope the sale marks the start of a reversal of fortune.
  
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• Albany mayor wants dual-lane highway from Perth to Albany, but Main Roads says the need isn't there

  28-06-2021 10:59 via abc.net.au
  
  A dual-lane highway from Perth to Albany is sorely needed to help deal with the south coast city's growing population and tourists, according to Mayor Dennis Wellington. 
  
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• It's a fun industry, but don't expect to be fairly treated, reveals survey of young tourism workers

  28-06-2021 10:19 via abc.net.au
  
  While 95 per cent of respondents perceive tourism as a "fun" sector to work in, only 28 per cent believe that young people are fairly treated in the industry.
  
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• Pentium secures $1.7m Iluka contract

  28-06-2021 10:13 via businessnews.com.au
  
  Vysarn's hydrogeological and dewatering business has secured a $1.74 million contract from mineral sands miner Iluka Resources.
  
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• Pentium secures $1.74m Iluka contract

  28-06-2021 10:13 via businessnews.com.au
  
  Pentium Hydro Pty Ltd has secured a $1.74 million drilling contract with Iluka Resources Limited.
  James Clement, managing director of Vysarn, Pentium’s parent company, said Iluka was an important client for the hydrogeological business.
  
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• Canaccord to lead Winsome IPO

  28-06-2021 10:13 via businessnews.com.au
  
  Winsome Resources has taken more steps towards listing on the ASX, with Canaccord Genuity today appointed to lead its initial public offering.
  
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• Canaccord appointed to lead Winsome IPO

  28-06-2021 10:13 via businessnews.com.au
  
  Winsome Resources Limited has taken more steps towards ASX listing today with Canaccord Genuity appointed to lead its initial public offering.
  The lithium explorer is hoping to raise between $12 and $18 million in the IPO, scheduled for mid-September this year.  
  
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• Online retail shares gain from lockdowns

  28-06-2021 10:03 via businessnews.com.au
  
  Investors piled into online retail and supermarket stocks tipped to profit from new coronavirus lockdowns in Australia, and abandoned travel providers.
  
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• Barton makes ASX debut

  28-06-2021 10:00 via businessnews.com.au
  
  Barton Gold has had a slow start to its first day of trading, with shares in gold explorer down 12 per cent as the company gets ready to drill targets in South Australia.
  
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• Swoop scoops up ComComs

  28-06-2021 09:42 via businessnews.com.au
  
  Swoop Holdings has made its second major acquisition in under a month, picking up Community Communications and more than a dozen of its fixed-wireless towers for an undisclosed sum.
  
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• Where will you be in 40 years? Australia in 2061 at a glance

  28-06-2021 09:39 via abc.net.au
  
  The latest Intergenerational Report has been released showing what the key issues will be for the country in four decades time. Here are five key charts to give you an idea of what those are.
  
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• At Close of Business: Katie McDonald on Perth developments

  28-06-2021 09:32 via businessnews.com.au
  
  On today's episode of At Close of Business, property journalist Katie McDonald discusses major developments and new initiatives in the City of Perth.
  
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• Alinta pursuing South Hedland gas, battery

  28-06-2021 09:32 via businessnews.com.au
  
  Alinta Energy is seeking environmental assent for a 60 megawatt gas generator and 40MW battery in Port Hedland, after development approval was deferred.
  
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• Gold Road shares down on revised outlook

  28-06-2021 09:30 via businessnews.com.au
  
  Gold Road Resources has forecast lower production this quarter following disruptions at the Gruyere processing plant near Laverton.
  
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• Consumer Watchdog issues warning about Apple AirTag batteries

  28-06-2021 09:18 via abc.net.au
  
  Australia's consumer watchdog is urging parents to keep Apple AirTags away from children, after raising concerns with Apple about the product's battery compartment. 
  
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• Supabarn apologises for 'mistakenly' selling packs of face masks for $120

  28-06-2021 09:17 via abc.net.au
  
  A supermarket in Canberra's inner south says it was caught out by a sudden face mask mandate, and will refund anyone who bought "mistakenly" packs of masks at a significantly marked-up rate.
  
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• Joyce snubs resources sector

  28-06-2021 09:00 via businessnews.com.au
  
  Barnaby Joyce's decision to dump resources minister Keith Pitt from the federal cabinet is bad news for Western Australia, writes Peter Kennedy.
  
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• Kangaroo Island timber critical to addressing shortage, but longer term solution needed, says builders association

  28-06-2021 08:56 via abc.net.au
  
  With record demand for housing in SA, and a structural timber shortage continuing to worsen across the country, this CEO says something has to give.  
  
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• Pitt disappointed with Cabinet dumping but denies tension with Joyce

  28-06-2021 08:47 via abc.net.au
  
  While the water and resources minister is philosophical about his removal from Cabinet, it comes as a shock to leaders in the sector.
  
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• Lockdown’s $170m retail hit

  28-06-2021 08:00 via businessnews.com.au
  
  COVID-19 has modified our consumption patterns as Australians are stuck at home, unable to spend their dollars on that much-desired European tour or visit to Bali.
  
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• Ardea gets funding for WA nickel project

  28-06-2021 07:30 via businessnews.com.au
  
  Ardea Resources has raised $5.7 million through a share placement to fund feasibility work at the company's Kalgoorlie nickel project.
  
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• Nusantara in $80m takeover

  28-06-2021 07:00 via businessnews.com.au
  
  The board of West Perth-based Nusantara Resources has accepted a takeover proposal from a major shareholder that values the gold explorer at about $80 million.
  
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• 'West coast is out of control': Sexual harassment rife in WA mines, say workers as leaders call for inquiry

  28-06-2021 06:05 via abc.net.au
  
  Workers from WA's mining industry say sexual harassment and assault is commonplace on sites, as politicians and industry leaders back calls for a parliamentary inquiry. 
  
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• WA records one new COVID-19 case

  28-06-2021 06:00 via businessnews.com.au
  
  Western Australia has recorded one new case of COVID-19 today, a woman who came into contact with the case that sparked yesterday's increased restrictions.
  
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• Clublinks wins golf course contract

  28-06-2021 06:00 via businessnews.com.au
  
  Clublinks Management has been appointed operator of the Links Kennedy Bay golf course, as part of the $425 million Kennedy Bay coastal development.
  
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• This house has been torn down, but thanks to NFTs you can buy a digital piece of it

  28-06-2021 05:32 via abc.net.au
  
  Buying a house is hard enough for many, but this exhibition is selling digital pieces of one thanks to NFT technology that is taking the art world by storm. 
  
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• Strike selects contractors for Pilbara iron ore mine

  28-06-2021 05:30 via businessnews.com.au
  
  Strike Resources has signed early agreements for its Paulsens East iron ore mine, including with listed contractor Dynamic Drill and Blast.
  
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• Ageing population key challenge: Treasurer

  28-06-2021 04:00 via businessnews.com.au
  
  Josh Frydenberg says the major challenge facing Australia is an ageing population as the economy feels the long-term effects of the COVID-19 pandemic.
  
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• Older, working harder and carrying plenty of debt: Future Australians to pay for pandemic

  28-06-2021 03:58 via abc.net.au
  
  Australia's population is not going to grow as quickly as previously thought, meaning a smaller economy will be tasked with managing the burden of a rapidly ageing population, the latest Intergenerational Report shows.
  
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• ASX little changed amid COVID-19 lockdowns, UK bans Binance cryptocurrency exchange

  28-06-2021 03:30 via abc.net.au
  
  The Australian share market ends lower but recovers some lost ground as coronavirus cases continue to rise and COVID-19 restrictions are extended across the country. The UK bans cryptocurrency exchange Binance.
  
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• ASX falls amid COVID-19 lockdowns, UK bans Binance cryptocurrency exchange

  28-06-2021 03:30 via abc.net.au
  
  The Australian share market drops as coronavirus cases continue to rise and COVID-19 restrictions are extended across the country. The UK bans cryptocurrency exchange Binance.
  
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• ASX falls amid COVID-19 lockdowns

  28-06-2021 03:30 via abc.net.au
  
  The Australian share market opens lower as coronavirus cases continue to rise and COVID-19 restrictions are extended across the country. 
  
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• Shortage of tradies the next challenge for Black Summer victims finally ready to rebuild

  28-06-2021 03:25 via abc.net.au
  
  David Wilson and Kyle Moser's home was destroyed during Black Summer, but after waiting 18 months to get started on their rebuild they're facing more delays.
  
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• Metcash reports 'significant' sales growth

  28-06-2021 03:00 via businessnews.com.au
  
  IGA Supermarkets owner and distributor Metcash has reported record annual sales driven by an uptick in revenue from its food, liquor and hardware operations.
  
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• Why you should check your flight rewards points right now

  28-06-2021 02:55 via abc.net.au
  
  Daylesford woman Donna Kelly had enough Qantas frequent flyer points to fly with her husband around the world. But when she logged in to her account to book a flight to New Zealand her 320,000 points had gone.
  
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• Resources exports soar towards new record

  28-06-2021 02:00 via businessnews.com.au
  
  Australia's resources and energy exports are expected to hit $334 billion in the next financial year, a new study shows.
  
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• Australia edging towards national outbreak

  28-06-2021 02:00 via businessnews.com.au
  
  Australia could be on the verge of a national coronavirus outbreak as the highly contagious Delta strain sweeps the country.
  
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• Until community reopens, tourists keep passing through

  28-06-2021 00:16 via abc.net.au
  
  Kalumburu normally welcomes tourists with open arms but the pandemic has fuelled concern they will put its most vulnerable residents at risk. So travellers have been passing through on their way to a popular remote beach.
  
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