Analyst news

• Woolworths resilient despite COVID crisis

  25-08-2021 23:54 via abc.net.au
  
  The ASX has slipped after three days of gains, with the coronavirus pandemic taking its toll on the earnings of Australia's biggest companies, although supermarket giant Woolworths has remained resilient, and South Korea has raised official interest rates.
  
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• Travel stocks take a hit from COVID, led by big Qantas losses

  25-08-2021 23:54 via abc.net.au
  
  The ASX is in the red in early trade after three days of gains, with travel firms like Qantas helping to pull the market down as the coronavirus pandemnic continues to take its toll.
  
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• New highs on Wall Street ahead of central bank symposium

  25-08-2021 23:54 via abc.net.au
  
  US stocks have climbed to new record highs as the world's central bankers hold their annual meeting, with US stimulus expected to remain intact for now.
  
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• ASX falls but Woolworths resilient despite COVID crisis

  25-08-2021 23:54 via abc.net.au
  
  The ASX has slipped after three days of gains, with the coronavirus pandemic taking its toll on the earnings of Australia's biggest companies, although supermarket giant Woolworths has remained resilient, and South Korea has raised official interest rates.
  
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• Residents of new estate living in a local government no man's land

  25-08-2021 22:43 via abc.net.au
  
  Residents of Northcrest, near Berrimah, find themselves unable to vote in this weekend's Northern Territory council elections amid confusion over which council area they belong to.
  
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• SA trucking association urges public to report sneaky drivers

  25-08-2021 22:39 via abc.net.au
  
  Freight drivers can only use eight designated roads to enter South Australia, and those who avoid border checkpoints are breaking the law.
  
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• No physical inspections of rock face for 18 years in lead up to emergency closure of highway

  25-08-2021 21:22 via abc.net.au
  
  New documents reveal a boulder perched atop a Tasmanian highway appears to have not been physically inspected in the 18 years before authorities quickly shut the road after being told it was a significant safety risk.
  
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• They call it 'kwarosa'. Death by overwork is plaguing the nation with the longest work hours in the developed world

  25-08-2021 21:02 via abc.net.au
  
  Twenty-one South Korean delivery drivers have died during the pandemic. Unions say it's because of overwork.
  
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• In South Korea, delivery drivers are dying. They call it 'kwarosa'

  25-08-2021 21:02 via abc.net.au
  
  Twenty-one South Korean delivery drivers have died during the pandemic. Unions say it's because of overwork.
  
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• In one of the world's most advanced economies, death by overwork is so common there's a word for it

  25-08-2021 21:02 via abc.net.au
  
  Twenty-one South Korean delivery drivers have died during the pandemic. Unions say it's because of overwork.
  
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• His co-worker clocked a 90-hour week. Then Seong-Wook received a harrowing phone call

  25-08-2021 21:02 via abc.net.au
  
  Twenty-one South Korean delivery drivers have died during the pandemic. Unions say it's because of overwork.
  
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• Rocket to launch from tourist spot but locals query future plans

  25-08-2021 10:02 via abc.net.au
  
  The federal government has given the green light for a Taiwanese commercial rocket to be launched from regional South Australia later this year, but locals have started speaking out against the launch site's future development.
  
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• ASX on three-day win streak, tech best

  25-08-2021 10:00 via businessnews.com.au
  
  Technology providers prevailed and media companies' earnings fell foul of investors as the ASX notched three days of gains.
  
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• At Close of Business: Mark Beyer on Kerry Stokes

  25-08-2021 09:58 via businessnews.com.au
  
  On today's episode of At Close of Business, senior editor Mark Beyer reflects on Kerry Stokes' career as he prepares to step back from Seven Group.
  
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• Iluka Resources on growth path

  25-08-2021 09:51 via businessnews.com.au
  
  Mineral sands miner Iluka Resources has commenced work on three new projects while continuing to assess development of a fully integrated rare earths refinery north of Perth.
  
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• State, union discuss mandatory jab for truckies

  25-08-2021 09:33 via businessnews.com.au
  
  The state government is in talks with the Transport Workers Union about mandating COVID-19 vaccinations for interstate truck drivers.
  
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• Costco 'caught out' by COVID, regrets decision to open new store

  25-08-2021 09:03 via abc.net.au
  
  The US retail giant's decision to push ahead with training 250 staff for its new store in Newcastle has sparked a COVID outbreak that could keep 600,000 people in lockdown.
  
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• Money can't buy peace of mind for the arts

  25-08-2021 08:40 via businessnews.com.au
  
  The 2020 balance sheets of WA arts companies appear strong, but performance anxiety lingers.
  
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• Perth confirmed as backup for AFL Grand Final

  25-08-2021 08:25 via businessnews.com.au
  
  The 2021 AFL Grand Final will be held at Optus Stadium if Melbourne’s COVID situation does not improve, the league’s boss has confirmed.
  
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• Nine swings to $184m annual profit

  25-08-2021 08:00 via businessnews.com.au
  
  Nine Entertainment has posted a turnaround in earnings, swinging to a $184 million annual profit after lifting advertising revenues across its major businesses.
  
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• Lessons in inclusivity for business

  25-08-2021 08:00 via businessnews.com.au
  
  Getting the language of identity right has never been so complicated, or important.
  
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• 'Kick in the guts': Insurer rejects family's claim for volcano victim due to a technicality

  25-08-2021 07:57 via abc.net.au
  
  Jason Griffiths was walking back to the tour boat when he was fatally injured in the White Island volcano eruption. But because he wasn't already on the boat, insurer Chubb is rejecting his family's loss of life claim.
  
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• 'Communities are crumbling': MPs seek new Tweed border zone

  25-08-2021 07:57 via abc.net.au
  
  MPs from across the political spectrum in NSW push for a new cross-border zone in the Tweed region, saying businesses are dying and families "cannot sustain" the pressure.
  
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• Banks on side with small firm loan program

  25-08-2021 07:43 via businessnews.com.au
  
  Australia's big four banks have been quick to jump on board an expanded federal loan scheme to help steer small businesses through the spate of coronavirus lockdowns.
  
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• Beacon buys gold project for $14m

  25-08-2021 07:30 via businessnews.com.au
  
  Beacon Minerals is set to extend the life of its Jaurdi asset in Western Australia following the purchase of a nearby gold project.
  
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• Beacon acquires gold project for $14m

  25-08-2021 07:30 via businessnews.com.au
  
  Beacon Minerals is set to extend the life of its Jaurdi asset in Western Australia, having purchased a nearby gold project.
  
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• WA enforces hard border with NZ, NSW moves to 'extreme risk'

  25-08-2021 07:15 via businessnews.com.au
  
  Western Australia will reintroduce a hard border with New Zealand from midnight tonight, as travel from New South Wales ceases under the state’s newly-introduced ‘extreme risk’ rating.
  
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• Northern Star posts jump in revenue, profit

  25-08-2021 07:00 via businessnews.com.au
  
  Goldminer Northern Star Resources has reported a 28 per cent jump in underlying net profit and declared higher dividends, after a year of record production.
  
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• Meals on Wheels needs more drivers, volunteers

  25-08-2021 06:51 via abc.net.au
  
  The effects of a pandemic and more people isolating, especially the elderly, so it will not come as a surprise that Meals on Wheels is experiencing a spike in demand, but it also faces a significant shortfall in volunteers, especially drivers.
  
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• Strong sales for Perth apartments

  25-08-2021 06:00 via businessnews.com.au
  
  Perth’s new apartment market recorded its strongest quarter of sales activity since 2016, according to the latest research from property consultancy Urbis.
  
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• Preferred contractors named for new Midland Station

  25-08-2021 05:00 via businessnews.com.au
  
  A consortium that includes Perth business Georgiou Group is first in line to build a $165 million train station at Midland.
  
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• These cross-border businesses are reaching out through a loophole to keep their livelihoods alive

  25-08-2021 04:09 via abc.net.au
  
  With Queensland experiencing its strictest border restrictions, businesses use this concrete barrier as a meeting point to swap samples, smiles and staff amid the border chaos.
  
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• 'Reach out to other people': Small business owners get creative to cope with strict border rules

  25-08-2021 04:09 via abc.net.au
  
  With Queensland experiencing its strictest border restrictions, hairdressers cannot travel freely across the border, but these savvy girl bosses have found a workaround to keep their staff employed — and their clients happy.
  
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• Creative cross-border businesses use a loophole to keep their livelihoods alive

  25-08-2021 04:09 via abc.net.au
  
  With Queensland experiencing its strictest border restrictions, businesses use this concrete barrier as a meeting point to swap samples, smiles and staff amid the border chaos.
  
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• Fast-tracked approvals for quarantine hubs

  25-08-2021 04:00 via businessnews.com.au
  
  Approvals for purpose-built quarantine hubs in Western Australia and Queensland are being fast tracked as strain increases on state-run facilities.
  
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• Stokes takes step to retirement

  25-08-2021 03:05 via businessnews.com.au
  
  Self-made billionaire Kerry Stokes is retiring from the board of ASX-listed Seven Group Holdings but the 80-year old will retain a well-paid consultancy role.
  
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• Lockdowns drive bumper time for Aust Post

  25-08-2021 03:00 via businessnews.com.au
  
  Australians in lockdown are sending and receiving parcels in volumes not seen since Christmas, prompting Australia Post to hire thousands more workers and do weekend deliveries.
  
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• Australia lifts another 750 out of Kabul

  25-08-2021 02:30 via businessnews.com.au
  
  Another 750 people have been evacuated from Afghanistan as part of Australia's efforts to rescue citizens and visa holders.
  
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• Billionaire businessman Kerry Stokes to step down as Seven Group chair

  25-08-2021 02:14 via abc.net.au
  
  Kerry Stokes is stepping down as chairman of Seven Group Holdings but will retain his chairmanship of Seven West Media, which publishes The West Australian newspaper.
  
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• Hidden costs of electoral success

  25-08-2021 02:00 via businessnews.com.au
  
  WA remains out of step with the rest of Australia on campaign finance reform.
  
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• It's the $39 billion company that's never made a profit, and its losses just got bigger

  25-08-2021 01:00 via abc.net.au
  
  In its latest release to the ASX, Afterpay reveals a $156.3 million net loss, 689 per cent worse than its 19.8 million loss last financial year, with rival Zip reporting an even bigger deterioration in its bottom line. Success, it seems, comes at a cost.
  
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• Afterpay's loss widens nearly 700pc even as revenues keep growing

  25-08-2021 01:00 via abc.net.au
  
  In its latest release to the ASX, Afterpay reveals a $156.3 million net loss, 689 per cent worse than its 19.8 million loss last financial year. Success, it seems, comes at a cost.
  
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