Analyst news

• How clever marketing convinced us we needed small, new ovens

  12-08-2021 23:54 via abc.net.au
  
  They're a small chamber with a heating element and fan, circulating hot air around food until it's cooked — what else could it be but a small oven? But air fryers have attracted a cult following.
  
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• BoQ ordered to remove 'unfair terms' in loan contracts, ASX to hit another record

  12-08-2021 23:42 via abc.net.au
  
  The Bank of Queensland has been imposing one-sided contracts on its small business customers, the Federal Court finds, while the Australian share market is set to end its week at a fresh high, for the eighth time since the month began.
  
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• BoQ ordered to remove 'unfair terms' in loan contracts, ASX hits another record

  12-08-2021 23:42 via abc.net.au
  
  The Bank of Queensland has been imposing one-sided contracts on its small business customers, the Federal Court finds, while the Australian share market is set to end its week at a fresh high, for the eighth time since the month began.
  
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• ASX set to hit another record, as tech giants boost Wall St to fresh high

  12-08-2021 23:42 via abc.net.au
  
  The Australian share market is set to end its week at a fresh high, for the eighth time since the month began, following another record close on Wall Street.
  
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• 'Questionable' move to charge solar panel owners for exporting electricity welcomed by welfare groups

  12-08-2021 23:03 via abc.net.au
  
  A decision allowing power companies to charge customers for exporting solar power back to the grid incenses some solar owners, but others say the change is needed to ensure the costs of supporting new renewable energy is fairly shared.
  
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• 'Questionable' move to charge solar panel owners for exporting electricity welcomed by some

  12-08-2021 23:03 via abc.net.au
  
  A decision allowing power companies to charge customers for exporting solar power back to the grid incenses some solar owners, but others say the change is needed to ensure the costs of supporting new renewable energy is fairly shared.
  
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• Judges criticise 'so-called consultation process' for $50 million art gallery

  12-08-2021 22:54 via abc.net.au
  
  Two Supreme Court judges intervene in the development of a government-funded art gallery slated for Darwin's CBD, urging a development regulator to reject the current proposal.
  
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• Toxic by-products are yet to be cleared from an Ipswich power station that closed a decade ago

  12-08-2021 21:47 via abc.net.au
  
  It has been almost 10 years since Swanbank A power station at Collingwood Park was closed, but a toxic ash dam on the site is yet to be dealt with and environmental experts and nearby residents are worried about the risk.
  
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• Coal-fired power pollution a 'toxic time bomb' for nearby homes, expert warns

  12-08-2021 21:47 via abc.net.au
  
  It has been almost 10 years since Swanbank A power station at Collingwood Park was closed, but a toxic ash dam on the site is yet to be dealt with and environmental experts and nearby residents are worried about the risk.
  
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• Here's where politicians picked commuter car parks to be built — and where they should have gone

  12-08-2021 21:08 via abc.net.au
  
  The Coalition canvassed its MPs and candidates to decide where to build 47 car parks in Australia. But those car parks don't line up with the country's most congested roads, or its fastest growing areas.
  
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• 'Huge controversy' around JobKeeper abuse: ATO could be forced to name and shame overpaid companies that pocketed the cash

  12-08-2021 20:52 via abc.net.au
  
  Tax commissioner Chris Jordan has rejected a motion in the Senate to out the private companies who have received JobKeeper, saying revealing the names of the companies and individuals behind them would breach their privacy and tax secrecy laws. 
  
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• How the ATO could be forced to name and shame overpaid companies that pocketed JobKeeper

  12-08-2021 20:52 via abc.net.au
  
  Tax commissioner Chris Jordan has rejected a motion in the Senate to out the private companies who have received JobKeeper, saying revealing the names of the companies and individuals behind them would breach their privacy and tax secrecy laws. 
  
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• Abbott meeting triggers new trade talks between Australia and India

  12-08-2021 15:55 via abc.net.au
  
  Trade Minister Dan Tehan reveals in a speech that India's Commerce Minister agrees to resume free trade talks with Australia after they stalled in 2015.
  
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• Disgraced former K-pop star Seungri sent to jail and fined $1.3 million in prostitution case

  12-08-2021 13:46 via abc.net.au
  
  The former member of popular boy band Big Bang denied all nine charges, but a court found his testimony lacked credibility and his offending was serious.
  
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• Eight people missing after Russian tourist helicopter crashes into volcanic crater

  12-08-2021 11:19 via abc.net.au
  
  A helicopter carrying tourists plunged into a deep volcanic crater lake in Russia’s far east and rescuers are searching the lake for up to eight people missing.
  
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• Crown chair faces WA royal commission

  12-08-2021 11:00 via businessnews.com.au
  
  Crown's departing executive chair Helen Coonan has defended the company's management clean-out while facing a Western Australian royal commission.
  
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• Allendale Square to hit the market

  12-08-2021 10:15 via businessnews.com.au
  
  Mirvac Group has announced its intentions to sell its 31-storey Allendale Square office building along St Georges Terrace.
  
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• TV gold explorer in court battle

  12-08-2021 09:51 via businessnews.com.au
  
  Aussie Gold Hunters star Vernon Strange has become embroiled in a lawsuit involving a Perth exploration company over mining tenements near Wesfarmers' Mount Holland lithium project.
  
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• At Close of Business: Katie McDonald and Jesinta Burton on the SDAU

  12-08-2021 09:51 via businessnews.com.au
  
  On today's episode of At Close of Business, journalists Jesinta Burton and Katie McDonald discuss how the State Development Assessment Unit has performed over the past year.
  
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• Telstra, insurers help ASX to record close

  12-08-2021 09:45 via businessnews.com.au
  
  A Telstra turnaround and enthusiasm for insurers' earnings have helped the ASX inch its way to a closing high.
  
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• Hackers pull off cryptocurrency heist, then give back hundreds of millions of dollars' worth

  12-08-2021 09:37 via abc.net.au
  
  Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of $832 million in digital coins they stole, according to the company at the centre of the hack.
  
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• Goodman raises full-year profit but not payout

  12-08-2021 09:30 via businessnews.com.au
  
  Property giant Goodman Group has improved full-year profit by more than 53 per cent but shareholders will not see more in dividends.
  
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• Ships displacing road trains to Pilbara

  12-08-2021 09:21 via businessnews.com.au
  
  Swire Shipping has become the fifth shipping line to commence a direct service into the Pilbara, adding to a trend that will substantially reduce road haulage.
  
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• Thor raises funds for WA, NT projects

  12-08-2021 09:15 via businessnews.com.au
  
  South Australia’s Thor Mining has raised $1.5 million, primarily to fund continued exploration at its Ragged Range gold and nickel project in the Pilbara.
  
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• Cyclone-ravaged Hook Island to be given new lease of life after major vote

  12-08-2021 09:00 via abc.net.au
  
  The once-popular tourist destination has been lying abandoned for years. But an ambitious plan aims to revitalise it.
  
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• Cannon makes loud ASX debut

  12-08-2021 09:00 via businessnews.com.au
  
  Rox Resources’ nickel spinout has had a strong start to its first day of trading, with its share price surging 50 per cent.
  
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• ASIC sues MKS Property over $11m investment scheme

  12-08-2021 08:58 via businessnews.com.au
  
  ASIC has launched another lawsuit against Morley real estate developer MKS Property and Monica Kaur over allegations they helped raise $11 million as part of an unregistered investment scheme.
  
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• This restaurateur survived six lockdowns only to have two cafes listed as exposure sites

  12-08-2021 08:55 via abc.net.au
  
  Cafe owner Bob Barbar has lived through six lockdowns. Now two of his family-run businesses have been listed as exposure sites in Melbourne's latest COVID-19 outbreak, and it is getting all too hard.
  
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• Bob's cafes have survived six lockdowns and two exposure site listings. But the bills are piling up

  12-08-2021 08:55 via abc.net.au
  
  Cafe owner Bob Barbar has lived through six lockdowns. Now two of his family-run businesses have been listed as exposure sites in Melbourne's latest COVID-19 outbreak, and it is getting all too hard.
  
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• FMG contracts Decmil for work at Cloudbreak

  12-08-2021 08:30 via businessnews.com.au
  
  ASX-listed contractor Decmil Group has secured new work, including at Fortescue Metals Group’s Cloudbreak mine in the Pilbara.
  
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• Technip avoids retrial in diver safety case

  12-08-2021 08:21 via businessnews.com.au
  
  Prosecutors have lost a bid for a retrial of Technip after alleged safety breaches in diving operations at Chevron’s Wheatstone.
  
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• Every cloud has a silver lining

  12-08-2021 07:30 via businessnews.com.au
  
  The WA Liberal Party has an opportunity to reset itself for the future, writes Simon Withers.
  
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• DUG makes hydrogen play

  12-08-2021 07:30 via businessnews.com.au
  
  ASX-listed DUG Technology is filing patents for a hydrogen energy storage system which it hopes to use to support a supercomputer project in Geraldton.
  
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• AGL slumps to $2bn loss, more pain ahead

  12-08-2021 07:30 via businessnews.com.au
  
  Energy generator and retailer AGL has posted a $2.06 billion full-year loss due to hefty write-downs and lower power prices.
  
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• Why aren't there more COVID-19 exposure sites across Northern Rivers? Heath authorities explain

  12-08-2021 06:02 via abc.net.au
  
  Why do only two of the four council areas locked down across the Norther Rivers have venues of concern listed on the NSW Health website?
  
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• Why aren't there more COVID-19 exposure sites across Northern Rivers? Health authorities explain

  12-08-2021 06:02 via abc.net.au
  
  Why do only two of the four council areas locked down across the Norther Rivers have venues of concern listed on the NSW Health website?
  
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• Veris seeks ASX listing for Aqura

  12-08-2021 06:00 via businessnews.com.au
  
  Perth-based Veris has revealed plans to demerge and list its telecommunications division, Aqura Technologies.
  
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• Much-loved Yallingup Beach in South West WA smashed by storms

  12-08-2021 04:56 via abc.net.au
  
  Locals say they've never seen anything like it as the clean up of their beach begins, but some fear it won't be rebuilt in time for the summer tourist flood.
  
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• Ausdrill to co-develop system for rock scaling

  12-08-2021 04:30 via businessnews.com.au
  
  Perenti subsidiary Ausdrill has partnered with the University of Technology Sydney and the Innovative Manufacturing CRC to co-develop a system for safer rock scaling operations.
  
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• Planning progress, finding a middle ground

  12-08-2021 04:12 via businessnews.com.au
  
  How has the state government’s streamlined development assessment pathway performed in the year since its establishment?
  
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• Telstra lifts full-year profit, details buyback

  12-08-2021 03:00 via businessnews.com.au
  
  Telstra has detailed a $1.35 billion share buyback for investors after what it says is a turnaround in its earnings.
  
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• AMP first half profit drops, no dividend

  12-08-2021 03:00 via businessnews.com.au
  
  Financial services giant AMP has posted a 28 per cent drop in first-half net profit after weaker performances at its main wealth management and AMP Capital businesses.
  
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• Job ads fall, but demand for work picks up

  12-08-2021 02:39 via businessnews.com.au
  
  Australians have started applying for jobs again, but nowhere near the pace they were before the pandemic.
  
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• Dirt bike park owner says lockdown's robbed riders of their drive

  12-08-2021 01:50 via abc.net.au
  
  Dan Krusic says a "stay at home on the weekend" attitude brought on by endless lockdowns and restrictions is killing his business.
  
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• This Riverland community still relies on its landlines, but they keep dropping out

  12-08-2021 00:21 via abc.net.au
  
  A small Riverland community has been dogged by poor phone service for a year, with the outages hurting local businesses and cutting off the town's elderly residents. 
  
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