Analyst news

• Westpac admits to charging 11,000 dead customers, ASIC sues for 'widespread' breaches

  29-11-2021 23:31 via abc.net.au
  
  The corporate regulator has launched six court cases against Westpac for alleged, widespread compliance failures that affected 11,000 dead consumers and the bank could face a $113 million fine.
  
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• Can the CSIRO beat Dutch corporate giant DSM to get low emissions cattle feed to market?

  29-11-2021 22:57 via abc.net.au
  
  In the race to commercialise a product that will significantly reduce methane emissions in cattle around the world, CSIRO and its collaborators have developed a product that cuts emissions by 90 per cent.
  
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• Investors cling to hope as Omicron variant spreads, ASX to follow global rebound

  29-11-2021 21:39 via abc.net.au
  
  The Australian share market is set to follow a rebound across global stocks as investors wait for more details to assess the likely impact of the Omicron coronavirus variant on the world economy.
  
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• Investors cling to hope as Omicron variant spreads, ASX rebounds

  29-11-2021 21:39 via abc.net.au
  
  The Australian share market has rebounded from a seven-week low, while global investors awaited more details to assess the likely impact of the Omicron coronavirus variant on the world's economy recovery.
  
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• Investors cling to hope as Omicron variant spreads, ASX loses momentum

  29-11-2021 21:39 via abc.net.au
  
  The Australian share market recovers slightly from its seven-week low, as investors put aside their worries about the impact of the Omicron coronavirus variant on the economic recovery.
  
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• Live: NSW Now: Teachers ignore demands to cancel next week's planned strike

  29-11-2021 21:30 via abc.net.au
  
  MORNING BRIEFING: The New South Wales Teachers Federation says a strike next week will go ahead despite the Industrial Relations Commission ruling it must not take place.
  
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• Tonnes of plastic farm waste piling up as frustrated recycling business waits for state grant

  29-11-2021 21:25 via abc.net.au
  
  A year after being told funding to help recycle farm plastic was coming, a Queensland company's plant sits idle.
  
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• US, allies reap benefits as fallout from Australia's trade row with China hits $17b

  29-11-2021 20:45 via abc.net.au
  
  Australia's closest security allies, led by the United States, have been the biggest beneficiaries of Beijing's campaign of economic coercion against Canberra, according to a new report.
  
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• Three-year waitlists as rural Australia's 'horror' childcare situation worsens

  29-11-2021 20:27 via abc.net.au
  
  Some regional childcare providers have more than 300 children on their waitlists, as parents despair and the industry buckles under critical staff shortages.
  
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• Why this short-term rental provider is refusing COVID refunds – and charging people to re-book

  29-11-2021 20:08 via abc.net.au
  
  A lack of regulation has created "buyer beware" situation where some people are being denied refunds for short-term rental bookings that they can't use during COVID. And this is lining the pockets of the head companies.
  
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• Have you asked for an Airbnb refund during COVID? Ross was refused one – and then told to break lockdown

  29-11-2021 20:08 via abc.net.au
  
  A lack of regulation has created "buyer beware" situation where some people are being denied refunds for short-term rental bookings that they can't use during COVID. And this is lining the pockets of the head companies.
  
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• Nearby Mount Delusion, this forest was supposed to be thriving. Instead it was a weed-infested 'moonscape'

  29-11-2021 19:37 via abc.net.au
  
  The ABC reveals alarming evidence that forests aren’t always being grown back after they've been logged, undermining a state-run timber company's claim to sustainability.
  
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• Margaret can't believe they let this once-thriving forest degenerate into a weed-infested moonscape

  29-11-2021 19:37 via abc.net.au
  
  The ABC reveals alarming evidence that forests aren’t always being grown back after they've been logged, undermining a state-run timber company's claim to sustainability.
  
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• Ed was browsing satellite photos of Mount Delusion when he noticed something odd about the forest

  29-11-2021 19:37 via abc.net.au
  
  The ABC reveals alarming evidence that forests aren’t always being grown back after they've been logged, undermining a state-run timber company's claim to sustainability.
  
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• Twitter CEO Jack Dorsey's resignation sparks surge in company's share price

  29-11-2021 17:00 via abc.net.au
  
  Shares in Twitter surge more than 10 per cent at opening bell as news of Mr Dorsey's resignation breaks.
  
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• Twitter CEO Jack Dorsey resigns, prompting share price fall

  29-11-2021 17:00 via abc.net.au
  
  Shares in Twitter surge more than 10 per cent as news of Mr Dorsey's resignation breaks, before finishing the day's trade down 2.7 per cent.
  
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• Twitter CEO Jack Dorsey resigns as shares in company surge

  29-11-2021 17:00 via abc.net.au
  
  Mr Dorsey, who has helmed the social media giant since 2006, has stepped down in a decision that had been coming since last year.
  
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• Border easing delayed amid Omicron fears

  29-11-2021 10:43 via businessnews.com.au
  
  The Morrison government has delayed the reopening of the Australian border to skilled workers, international students and other visa holders as it gathers more information on the Omicron coronavirus variant.
  
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• NSW poised to reap riches of 'new frontier' in mining — but no funding or timeline yet

  29-11-2021 09:53 via abc.net.au
  
  The NSW government promises to usher in major rare earth minerals mines and local advanced manufacturing as part of critical minerals hub earmarked for Central West, but just how this will be achieved is yet to be detailed.
  
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• Fears workers will not get paid as bubble tea chain accused of wage theft enters liquidation

  29-11-2021 09:27 via abc.net.au
  
  Two months after the Fair Work Ombudsman launches legal action against the operators of Fun Tea, the company is placed into liquidation.
  
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• Concerns grow on Indigenous heritage bill

  29-11-2021 09:25 via businessnews.com.au
  
  Calls for the state government to rethink its process on an Indigenous heritage bill are growing, with criticism from both the federal Greens and WA Liberals today.
  
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• Trevor Kennedy: Albany boy made his mark

  29-11-2021 09:18 via businessnews.com.au
  
  Trevor Kennedy was a knockabout cadet reporter on the Albany Advertiser newspaper before heading east in the early 1960s to leave his mark on the Sydney business and media scenes, including acting, at one stage, as Kerry Packer’s right hand man.
  
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• Austin, Schlam deliver truck bodies for big miners

  29-11-2021 09:03 via businessnews.com.au
  
  David Singleton-led Austin Engineering has delivered its 1,000th truck body to Rio Tinto’s iron ore division, the same day Forrestfield-based Schlam won a similar $110 million contract from BHP.
  
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• Culture key for Hatfield, Chevron

  29-11-2021 08:53 via businessnews.com.au
  
  Mark Hatfield spent his youth cleaning tables in his father’s hamburger restaurant in Oklahoma, a world away from the Chevron Australia operation he now leads as managing director.
  
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• ASX losses continue amid Omicron caution

  29-11-2021 08:49 via businessnews.com.au
  
  Shares on the ASX dipped due to concerns over the coronavirus Omicron variant, as the world waits to learn more about the threat.
  
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• WA border uncertainty amid virus concerns

  29-11-2021 08:48 via businessnews.com.au
  
  Western Australia's premier says it's too early to tell whether the state's reopening will be delayed and has warned mandatory COVID-19 vaccinations are here to stay.
  
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• ATCO's $53m hydrogen plan gets green light

  29-11-2021 08:48 via businessnews.com.au
  
  The regional planning body has given ATCO Australia the green light to build a $53 million green hydrogen plant in the state’s Mid-West, voting unanimously to approve the proposal.
  
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• Gary Roberts to leave 96FM

  29-11-2021 08:45 via businessnews.com.au
  
  Perth radio stalwart Gary Roberts has announced he will step down as 96FM Perth’s managing director to focus on “a major new event.”
  
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• At Close of Business: Matt Mckenzie on Chevron

  29-11-2021 08:42 via businessnews.com.au
  
  On today's episode of At Close of Business, senior journalist Matt Mckenzie talks about his conversation with Chevron's boss in Australia, Mark Hatfield.
  
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• Scarborough $120m towers approved

  29-11-2021 08:40 via businessnews.com.au
  
  Edge Visionary Living’s two-tower development in Scarborough has been given the green light, with the development to form part of the Scarborough redevelopment area.
  
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• Investors returning to local market

  29-11-2021 08:36 via businessnews.com.au
  
  Recent transactions show investors are coming back to WA after a significant drop
  
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• Home loan interest rates to keep favouring owner-occupiers over investors under new rules

  29-11-2021 08:34 via abc.net.au
  
  Home loan interest rates are likely to keep favouring owner-occupier borrowers over property investors under changes to bank capital rules, while business loan interest rates may also come down.
  
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• Ellison, Rinehart team up for port bid

  29-11-2021 08:22 via businessnews.com.au
  
  Mineral Resources has struck an agreement with Gina Rinehart’s Hancock Prospecting to jointly pursue the development of a new export berth at Port Hedland’s South West Creek.
  
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• Ellison, Rinehart strike landmark JV deal

  29-11-2021 08:22 via businessnews.com.au
  
  Mineral Resources has struck an agreement with Gina Rinehart’s Hancock Prospecting to jointly pursue the development of a new export berth at Port Hedland’s South West Creek.
  
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• Agribusiness pockets $20m for plant-based push

  29-11-2021 07:45 via businessnews.com.au
  
  Wide Open Agriculture plans to spend $20 million raised from sophisticated and institutional investors ramping up its plant-based product offerings.
  
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• Copper, gold explorer lists after $6m raising

  29-11-2021 07:30 via businessnews.com.au
  
  West Perth-based Parabellum Resources has quietly listed on the stock exchange, having earlier raised $6 million through an oversubscribed IPO.
  
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• Fears Omicron will prolong the pain for Gold Coast tourism operators

  29-11-2021 06:27 via abc.net.au
  
  There are fears the new COVID variant could jeopardise a badly needed Christmas period after a nightmare run for border businesses.
  
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• Sheffield finds buyer for Eneabba

  29-11-2021 05:47 via businessnews.com.au
  
  Mineral sands explorer Sheffield Resources is selling its wholly owned Eneabba project to West Perth-based Image Resources for $24 million in cash.
  
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• 'Best' schoolies on record celebrated, despite resurgence of the mullet

  29-11-2021 05:37 via abc.net.au
  
  As schoolies comes to a close and Surfers Paradise returns to its former self, politicians, authorities and volunteers have praised partygoers as the best-behaved in the history of the tradition.
  
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• Tears and tributes flow as Classic Hornet leaves the nest

  29-11-2021 05:15 via abc.net.au
  
  The Royal Australian Air Force has drawn the curtain on the F/A-18A/B Classic Hornet after almost four decades of service, to make way for the new F-35A Lightning II.
  
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• FOI documents reveal Australia's Future Fund invests $150m in companies linked to Myanmar military

  29-11-2021 04:06 via abc.net.au
  
  Myanmar's civilian government in exile has criticised Australia's sovereign wealth fund for investing in several companies — including weapons manufacturers — that have done business with Myanmar's military.
  
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• Australia's Future Fund holds just under $158 million in companies linked to Myanmar's military

  29-11-2021 04:06 via abc.net.au
  
  Myanmar's shadow civilian government has criticised Australia's sovereign wealth fund for investing in several companies — including weapons manufacturers — that have done business with Myanmar's military.
  
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• Businesses desperately needing skilled workers hope Omicron doesn't make things worse

  29-11-2021 03:37 via abc.net.au
  
  Regional businesses desperate for more workers hoping there will be no changes to temporary migrants entering the country from December 1.
  
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• Wine tariffs are crushing Australia's most lucrative market

  29-11-2021 03:13 via abc.net.au
  
  China's tariffs on Australian wine imports have wiped almost a billion dollars from the trade, and the industry is bracing for more pain heading into the 2022 vintage. 
  
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• China stopped buying Australian wine almost overnight. Luckily, these countries saved the industry from complete ruin

  29-11-2021 03:13 via abc.net.au
  
  China's tariffs on Australian wine imports have wiped almost a billion dollars from the trade, and the industry is bracing for more pain heading into the 2022 vintage. 
  
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• Finbar's $207m towers get green light

  29-11-2021 03:01 via businessnews.com.au
  
  The state’s peak planning body has given Finbar Group the green light to proceed with its $207 million plan to build two apartment towers in East Perth.
  
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• The reactions to LNP's embrace of net zero in Queensland's coal country

  29-11-2021 02:47 via abc.net.au
  
  The so-called "coal seats" of central and north Queensland recorded strong swings away from Labor in 2019, but Scott Morrison's adoption of a net zero plan has reset the electoral battleground.
  
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• How may the LNP's embrace of net zero affect its electoral chances in Queensland's coal country?

  29-11-2021 02:47 via abc.net.au
  
  The so-called "coal seats" of central and north Queensland recorded strong swings away from Labor in 2019, but Scott Morrison's adoption of a net zero plan has reset the electoral battleground.
  
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• Singer Katy Perry tried to 'snuff out' Australian fashion designer's business, court told

  29-11-2021 02:31 via abc.net.au
  
  A court hears American singer Katy Perry used her "financial might" to try and shut down an Australian fashion designer's business called Katie Perry.
  
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• Katy Perry used her 'financial might' to try and shut down Australian fashion designer's business, court told

  29-11-2021 02:31 via abc.net.au
  
  American singer Katy Perry attempted to "snuff out" the budding business of an Australian fashion designer using her "financial might" during a brewing trademark battle, a Sydney court hears.
  
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