Analyst news

• Bank of England raises interest rates to 0.5pc, Meta faces historic market wipeout, ASX to fall

  03-02-2022 21:52 via abc.net.au
  
  Australian shares are expected to start the day lower after global equity markets tumbled. Meanwhile, a downbeat status update from Facebook owner Meta further worries traders.
  
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• Bank of England raises interest rates to 0.5pc, Meta faces historic market wipeout, ASX lower

  03-02-2022 21:52 via abc.net.au
  
  Australian shares edge lower in afternoon trade, after global equity markets tumbled. Meanwhile, a downbeat status update from Facebook owner Meta further worries traders.
  
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• Bank of England raises interest rates to 0.5pc, Meta faces historic market wipeout, ASX higher on late rally

  03-02-2022 21:52 via abc.net.au
  
  Australian shares close in positive territory after a choppy session. Meanwhile, global equity markets tumble as frightened investors digest disappointing updates from major central banks about the outlook for inflation and interest rates.
  
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• Bank of England raises interest rates to 0.5pc, Meta faces historic market wipeout, ASX flat at open

  03-02-2022 21:52 via abc.net.au
  
  Australian shares open flat after global equity markets tumbled. Meanwhile, a downbeat status update from Facebook owner Meta further worries traders.
  
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• Waiting for your dividends? Here's what you can expect from February profit reporting season

  03-02-2022 20:59 via abc.net.au
  
  Investors will be flooded with updates from the nation's largest companies in the next few weeks — about how much they're earning, along with the impact of staff shortages and higher inflation on their profit margins.
  
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• Meta just lost $330 billion in value because of a bad profit report. Australia's biggest companies are also about to face the music

  03-02-2022 20:59 via abc.net.au
  
  Investors will be flooded with updates from the nation's largest companies in the next few weeks — about how much they're earning, along with the impact of staff shortages and higher inflation on their profit margins.
  
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• Australia's biggest companies set to reveal the costs of COVID-19

  03-02-2022 20:59 via abc.net.au
  
  Investors will be flooded with updates from the nation's largest companies in the next few weeks — about how much money they're earning, along with the impact of staff shortages and higher inflation on their profit margins.
  
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• Meet the Sydney family buying land for their children — in the metaverse

  03-02-2022 19:30 via abc.net.au
  
  Virtual real estate is booming. So what exactly is it, what are the risks for potential buyers, and who are the Australians taking the plunge?
  
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• 'I see this absolutely becoming a money earner': The Australians buying up virtual real estate

  03-02-2022 19:30 via abc.net.au
  
  Virtual real estate is booming. So what exactly is it, what are the risks for potential buyers, and who are the Australians taking the plunge?
  
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• Meta plunges over 24 per cent, losing more than $300 billion in market value

  03-02-2022 17:30 via abc.net.au
  
  Stocks fell in morning trading on Wall Street as Facebook parent company Meta plunged 24.5 per cent, erasing more than $US220 billion in market value, the largest drop in history.
  
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• Meta loses a quarter of its value in a day, wiping more than $40 billion from Mark Zuckerberg's wealth

  03-02-2022 17:30 via abc.net.au
  
  Facebook parent company Meta slumps more than 26 per cent overnight, erasing more than $US237 billion in market value, the largest one-day drop in history, also taking $US29 billion off the personal wealth of founder Mark Zuckerberg.
  
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• Biggest one-day drop in history erases a quarter of Meta's value

  03-02-2022 17:30 via abc.net.au
  
  Facebook parent company Meta slumps more than 26 per cent, erasing more than $US237 billion in market value, the largest one-day drop in history, also taking $US29 billion off founder Mark Zuckerberg's own wealth.
  
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• Fini welcomes border delay

  03-02-2022 09:26 via businessnews.com.au
  
  The property developer said health should be the primary concern.
  
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• Nuclear subs need new WA skills

  03-02-2022 09:18 via businessnews.com.au
  
  A new defence pact with the United States and United Kingdom will create opportunities for businesses in training, technology, and subsea industry, Austal chief executive Paddy Gregg says.
  
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• Blame Facebook: ASX inches lower

  03-02-2022 09:16 via businessnews.com.au
  
  Technology shares have plunged five per cent and the ASX closed lower after Facebook's owner reported disappointing earnings and swayed world markets.
  
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• Head office jobs to go in Westpac cuts

  03-02-2022 09:06 via businessnews.com.au
  
  Westpac is set to cut about 20 per cent of its head office jobs as an increasingly competitive operating environment prompts the bank to bring forward cost-saving efforts.
  
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• Head office jobs to go in Westpac cost-cuts

  03-02-2022 09:06 via businessnews.com.au
  
  Some 20 per cent of Westpac head office jobs are being cut as an increasingly competitive operating environment prompts the bank to bring forward cost-saving efforts.
  
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• Developer faces repossession of project over $1m in 'unpaid loans'

  03-02-2022 09:03 via businessnews.com.au
  
  West Perth-based lender Platinum Mortgage Securities is suing a Fremantle property developer over $1 million in loans allegedly unpaid, seeking the repossession of almost one-third of its development.
  
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• Centurion buys Express Group

  03-02-2022 09:02 via businessnews.com.au
  
  Perth-based Centurion Transport has expanded its Western Australian operations by acquiring the company behind South West Express and Great Southern Express.
  
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• Centurion acquires Express Group

  03-02-2022 09:02 via businessnews.com.au
  
  Perth-based Centurion Transport has expanded its Western Australian operations by acquiring the company behind South West Express and Great Southern Express.
  
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• FIFO workers fear remote mining camp quarantine 'hell' as two-week isolation period remains in WA

  03-02-2022 08:59 via abc.net.au
  
  FIFO workers raise concerns about isolating in small rooms, as the wife of one Perth-based FIFO worker whose husband has bipolar disorder says mental health should be a higher priority.
  
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• 'We really are no-man's-land': Pastoralist says a plan should have been in place for Stuart Highway closure

  03-02-2022 08:45 via abc.net.au
  
  Travellers expecting to be evacuated from Coober Pedy are told they will have to stay in the remote mining town for at least another night. 
  
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• Hairdressing chain fined thousands for underpaying staff

  03-02-2022 08:39 via businessnews.com.au
  
  The owner of a chain of hairdressing salons that underpaid two migrant workers has been ordered to pay $42,804.
  
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• Govt awards $220m in IT contracts

  03-02-2022 08:30 via businessnews.com.au
  
  The Department of Health is stepping up its investment in human resources management, awarding two contracts worth a combined $220 million to Deloitte and SAP Australia.
  
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• Govt awards $220m in HR management contracts

  03-02-2022 08:30 via businessnews.com.au
  
  WA's health department is stepping up its human resources management, awarding two contracts worth a combined $220 million to Deloitte and SAP Australia.
  
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• Former Canberra Vodafone shop owner avoids jail after allowing customers' identities to be stolen

  03-02-2022 07:37 via abc.net.au
  
  Mohit Arora, 34, is placed on a three-year good behaviour bond after a judge found his involvement in the fraud was reckless rather than knowing.
  
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• PM backs border, health McGowan’s call

  03-02-2022 07:29 via businessnews.com.au
  
  Prime Minister Scott Morrison has backed Premier McGowan’s decision to delay WA’s border reopening but noted it was the Premier’s call on when he believes his health system is ready.
  
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• So your rent has gone up — what are your options?

  03-02-2022 07:10 via abc.net.au
  
  Stretch your budget or join the dozens of people applying for rental homes? It’s a tough choice to make. What are your rights when it comes to dealing with rent increases?
  
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• UTAS caught up in wage underpayment bungle

  03-02-2022 07:01 via abc.net.au
  
  The University of Tasmania is the latest institution caught up in a staff underpayment bungle that has resulted in more than a dozen universities repaying millions of dollars. 
  
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• State gets one shot at reopening

  03-02-2022 07:00 via businessnews.com.au
  
  The waning protection offered by boosters may force the premier’s hand.
  
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• Ord Irrigation Scheme set to cross the NT border, developer for expansion named

  03-02-2022 06:01 via abc.net.au
  
  An Australian company has been chosen to develop the long-awaited third stage of the Ord Irrigation Scheme.
  
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• $255m funding latest win for Perdaman’s urea

  03-02-2022 05:58 via businessnews.com.au
  
  The federal government’s NAIF fund has chipped in for the Perdaman project, a $4.3 billion fertiliser plant proposed for the Burrup Peninsula tipped to produce some 2 million tonnes of urea per year.
  
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• 'This is not OK': BHP bullying victim calls for culture change at mining companies

  03-02-2022 05:56 via abc.net.au
  
  A former employee of mining giant BHP who left after reporting bullying says internal complaint processes are failing victims and stopping people from coming forward.
  
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• NT tourism industry for Red Centre seeks clarity over new movement restrictions

  03-02-2022 05:14 via abc.net.au
  
  A key Aboriginal organisation has welcomed the reintroduction of movement-restricting biosecurity zones in the Northern Territory, but the Territory's tourism industry wants more detail about what it means for them. 
  
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• Western Gas cleared for drilling

  03-02-2022 05:02 via businessnews.com.au
  
  Western Gas has secured all necessary government approvals needed to drill on the North West Shelf’s Sasanof-1 exploration well with drilling to start in the coming months.
  
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• CBH finalises record harvest

  03-02-2022 05:00 via businessnews.com.au
  
  Grain growers have delivered CBH Group’s largest ever harvest, producing 21.3 million tonnes.
  
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• Flood-driven food shortages set to ease in the Kimberley

  03-02-2022 04:52 via abc.net.au
  
  Shoppers have struggled to find fresh produce in the East Kimberley as authorities and supermarkets scramble to solve supply chain disruptions caused by widespread flooding.
  
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• SA workers plead for better service as they count the cost of two-day Telstra outage

  03-02-2022 04:15 via abc.net.au
  
  Riverland business owners are again calling for more reliable internet and phone coverage after a Telstra outage they say cost them work.
  
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• Canva acquires UK's Flourish

  03-02-2022 04:15 via businessnews.com.au
  
  Perth startup turned multi-billion-dollar business Canva is continuing to pursue global expansion by acquiring London-based data visualization platform, Flourish.
  
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• More mystery sources among today's 19 local COVID cases

  03-02-2022 04:13 via businessnews.com.au
  
  A further three mystery cases have been recorded among today's 19 new locally acquired COVID cases, as clusters continue to grow.
  
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• Case numbers climb, UWA to ban access for the unvaccinated

  03-02-2022 04:13 via businessnews.com.au
  
  Three mystery cases have been recorded among today's 19 new local COVID cases, as the University of Western Australia becomes the state's first to restrict access for the unvaccinated.
  
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• Woolies reinstates product limits

  03-02-2022 04:00 via businessnews.com.au
  
  Shoppers will only be able to buy two packets of flour, sugar, rice, eggs, paper towels and some frozen products at Woolworths after rain damaged the railway line in SA, limiting freight.
  
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• Woolies, Coles reinstate product limits

  03-02-2022 04:00 via businessnews.com.au
  
  Shoppers will be subjected to product limits at major supermarkets after floods in South Australia disrupted supply chains, leaving some shelves empty.
  
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• Western Force rolls on with Goodyear

  03-02-2022 04:00 via businessnews.com.au
  
  Western Force has inked its seventh partnership in recent months, with Australian tyre manufacturer Goodyear to sponsor the club in the 2022 Super Rugby season.
  
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• Kirkup talks labour force, Kolbang expansion

  03-02-2022 03:00 via businessnews.com.au
  
  Zak Kirkup has warned of the risk of price escalation and project delays in WA as he prepares to add more than a dozen new workers to his business’ payroll.
  
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• Kirkup talks inflation, Kolbang expansion

  03-02-2022 03:00 via businessnews.com.au
  
  Zak Kirkup has sounded alarm bells about the risk of price escalation and project delays in WA as he prepares to add more than a dozen new workers to his business’ payroll.
  
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• Household power prices now 'among lowest in the world' due to renewables

  03-02-2022 02:38 via abc.net.au
  
  A flood of renewable energy has helped drive household power prices down to their lowest levels in almost a decade, analysis finds.
  
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• Household power prices now 'among lowest in the world' as renewable energy drives costs down

  03-02-2022 02:38 via abc.net.au
  
  A flood of renewable energy has helped drive household power prices down to their lowest levels in almost a decade, analysis finds.
  
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• 'Limited by the resources': Ex-youth corrections officer says staff not equipped to deal with troubled teens

  03-02-2022 02:27 via abc.net.au
  
  A former prison guard at Queensland's largest juvenile detention centre says its work culture is "toxic" and corrections officers are understaffed and not properly trained.
  
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• WA's uranium future in doubt as key deadline passes

  03-02-2022 02:17 via abc.net.au
  
  A five-year window to demonstrate "substantial commencement" at three out of four uranium projects has elapsed, meaning just one project now has approval to proceed.
  
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