Analyst news

• Here's why you won't be able to get a coffee on the Goodwill Bridge today

  17-02-2022 22:47 via abc.net.au
  
  A popular cafe on the city's Goodwill Bridge is closed, but coffee lovers will soon be rewarded with a new business offering their favourite fix while creating jobs for disadvantaged Queenslanders.
  
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• Shadow lockdown hits Perth ahead of COVID wave, leaving the city resembling a ghost town

  17-02-2022 22:12 via abc.net.au
  
  Office towers, malls and footpaths that are usually bustling with office workers are unusually quiet as a shadow lockdown hits the Perth CBD, with businesses bracing for an onslaught of COVID cases.
  
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• Perth goes into shadow lockdown as businesses brace for COVID storm

  17-02-2022 22:12 via abc.net.au
  
  Office towers, malls and footpaths that are usually bustling with office workers are unusually quiet as a shadow lockdown hits the Perth CBD, with businesses bracing for an onslaught of COVID cases.
  
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• Wall Street takes a 'nervous' hit as Russia-Ukraine jitters continue, ASX set to follow

  17-02-2022 21:16 via abc.net.au
  
  The Australian share market is set to follow Wall Street down on Friday, as company reporting season continues.
  
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• Wall Street takes a 'nervous' hit as Russia-Ukraine jitters continue, ASX follows

  17-02-2022 21:16 via abc.net.au
  
  Company reporting season continues on Friday, with QBE, Magellan and Ingham's Chicken among those posting results.
  
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• Wall Street takes a hit as Russia-Ukraine jitters continue, ASX set to follow

  17-02-2022 21:16 via abc.net.au
  
  The Australian share market is set to follow Wall Street down on Friday, as company reporting season continues.
  
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• Magellan soars on results while QBE dives, as ASX follows Wall Street down

  17-02-2022 21:16 via abc.net.au
  
  Company reporting season continued on Friday, with QBE, Magellan and Ingham's Chicken among those posting results.
  
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• Chicken corporate takes a COVID hit, as ASX follows Wall Street down

  17-02-2022 21:16 via abc.net.au
  
  Company reporting season continues on Friday, with QBE, Magellan and Ingham's Chicken among those posting results.
  
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• Live: NSW Now: Many commuters ride free on Sydney buses today due to industrial action

  17-02-2022 20:47 via abc.net.au
  
  MORNING BRIEFING: Bus commuters will get a free ride today as drivers turn off their Opal card readers in a pay dispute with the state government.
  
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• Tenfold increase in people seeking out free or discounted food as Omicron creates new group in need

  17-02-2022 20:45 via abc.net.au
  
  Supermarket supply chain shortages are leaving Queensland's charities with reduced stock, while isolation rules have created volunteer shortages at a time when services are most needed.
  
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• Regional businesses 'tread water' waiting for office workers to return

  17-02-2022 20:06 via abc.net.au
  
  Businesses in regional Victoria have welcomed the easing of COVID restrictions, but say they need workers to return to the office.
  
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• Workers are being poached from their existing jobs as employers scramble for scarce staff

  17-02-2022 19:58 via abc.net.au
  
  Australia's economy has weathered COVID-19's Omicron wave over the summer, and workers are still in strong demand, according to economists.
  
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• Employers say opening international borders will help to ease Australia's labour shortage

  17-02-2022 19:58 via abc.net.au
  
  Australia's economy has weathered COVID-19's Omicron wave over the summer, and workers are still in strong demand, according to economists.
  
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• Closure of Australia's largest power station 'unlikely' to hit prices, but sparks concern for grid stability

  17-02-2022 19:58 via abc.net.au
  
  Energy experts have hosed down concerns the early closure of Eraring coal-fired power station near Newcastle could spark electricity price spikes and throw the security of the grid into peril. 
  
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• Closure of Australia's largest power station 'unlikely' to hit prices, but concern for grid stability

  17-02-2022 19:58 via abc.net.au
  
  Energy experts have hosed down concerns the early closure of Eraring coal-fired power station near Newcastle could spark electricity price spikes and throw the security of the grid into peril. 
  
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• Snowy 3.0? Greens propose $40 billion takeover of electricity sector to eliminate coal by 2030

  17-02-2022 18:43 via abc.net.au
  
  With coal plants closing earlier than projected, the Greens push for a major intervention in the national electricity market to shore up stability, saying a revamped Snowy Hydro scheme could cover the electricity produced by coal.
  
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• Snowy 3.0? Greens plot $40 billion takeover of electricity sector to eliminate coal by 2030

  17-02-2022 18:43 via abc.net.au
  
  With coal plants closing earlier than projected, the Greens' are pushing for a major intervention in the national electricity market to shore up stability, saying a revamped Snowy Hydro scheme could cover the electricity produced by coal.
  
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• Dockers record $1.5 million profit

  17-02-2022 12:45 via businessnews.com.au
  
  The Fremantle Dockers have had a massive turnaround in financial fortunes, posting an operating profit of more than $1.5 million in 2021.
  The club reported a loss of $1.07 million for the COVID-ravaged 2020 season after receiving almost $3.4 million in Jobkeeper subsidies.
  
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• GenusPlus acquires Pole Foundations Australia

  17-02-2022 09:20 via businessnews.com.au
  
  Telecommunications infrastructure company GenusPlus is set to acquire private Queensland business Pole Foundations Australia for an upfront $22 million in cash and shares.
  
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• Bankwest to exit business banking

  17-02-2022 09:13 via businessnews.com.au
  
  Bankwest has told staff it plans a major shift in strategy, with its entire business banking operation to be shifted to parent company Commonwealth Bank.
  
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• At Close of Business: Madeleine Stephens on the business of influencers

  17-02-2022 09:12 via businessnews.com.au
  
  On today's episode of At Close of Business, journalist Madeleine Stephens delves into the surprise impact Instagram influencers are having on a handful of Perth businesses.
  
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• AgTrade acquires Hay Australia

  17-02-2022 09:05 via businessnews.com.au
  
  Victoria-based private company AgTrade had added Duncraig fodder exporter Hay Australia to its portfolio of export agribusinesses.
  
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• Power steps down from RFDS board

  17-02-2022 08:50 via businessnews.com.au
  
  Businessman Nev Power has stepped down from the national board of the Royal Flying Doctors Service after pleading guilty to two counts of breaching Western Australia's COVID-19 travel restrictions.
  
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• Calls for faster action on approvals

  17-02-2022 08:44 via businessnews.com.au
  
  The pace of the WA’s Environment Online rollout is too slow, the state opposition said today, while the federal government has announced $47 million for a national digital approvals platform.
  
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• Clock ticking for Eraring workers as renewables 'absolutely destroying' coal-fired power

  17-02-2022 08:42 via abc.net.au
  
  The head of Origin Energy says he cannot guarantee all workers will be redeployed, after the plant's closure is brought forward by seven years to 2025.
  
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• Jobs market resilient amid Omicron surge

  17-02-2022 08:41 via businessnews.com.au
  
  The impact of January’s Omicron case surge on the labour force has been laid bare, with hours worked dropping almost 9 per cent, while unemployment remains at a 13-year low.
  
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• Business News invests in journalism

  17-02-2022 08:30 via businessnews.com.au
  
  Business News has moved to boost the volume and quality of its content by bringing several new journalists on to the team for 2022.
  
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• Cedar Woods with $107m WA pre-sales

  17-02-2022 08:24 via businessnews.com.au
  
  The property developer recorded a record level of pre-sales across its national portfolio.
  
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• Cedar Woods hits $107m WA pre-sales

  17-02-2022 08:24 via businessnews.com.au
  
  The property developer recorded a record level of pre-sales across its national portfolio.
  
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• NRW posts solid first half

  17-02-2022 08:04 via businessnews.com.au
  
  NRW Holdings has reported steady earnings and revenue for the six months to December, sending the Perth contractor’s shares up by more than 15 per cent.
  
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• ASX gains slashed after shelling reports

  17-02-2022 08:02 via businessnews.com.au
  
  A late drop in trade following reports of shelling in Ukraine wiped almost all ASX gains and raised the prospect of sanctions against major oil producer Russia.
  
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• IGO, Wyloo in for nickel partnership

  17-02-2022 07:48 via businessnews.com.au
  
  Andrew Forrest’s Wyloo has agreed to back IGO’s $1.1 billion Western Areas buy and pitch in for nickel downstream processing opportunities under a newly formed partnership.
  
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• Gooding moves to FFI

  17-02-2022 07:19 via businessnews.com.au
  
  Fortescue’s green energy arm FFI has hired Minderoo Foundation deputy chief executive Felicity Gooding as commercial general manager amid leadership changes at the company.
  
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• Regional newspapers outline struggle to remain viable

  17-02-2022 07:15 via abc.net.au
  
  Regional newspapers outline the challenges they face to remain competitive amid concerns about a decline in local news.
  
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• Price boost fuels Woodside profit

  17-02-2022 07:06 via businessnews.com.au
  
  Higher prices have boosted Woodside’s profits to nearly $US 2 billion, more than double the previous year.
  
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• Alternative therapies for mental health

  17-02-2022 07:00 via businessnews.com.au
  
  Research suggests a future for psilocybin as a treatment for of mental health problems.
  
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• Develop in $30m Heron revival

  17-02-2022 06:01 via businessnews.com.au
  
  Bill Beament-led Develop has agreed to acquire Heron Resources and the Woodlawn copper-zinc mine in New South Wales for $30 million, 7 months after the developer went into administration.
  
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• Grosvenor coal mine issued approvals to restart operations after May 2020 explosion

  17-02-2022 05:52 via abc.net.au
  
  A central Queensland coal mine has the all-clear to restart operations, almost two years after five workers were injured in a serious gas explosion.
  
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• Westbridge caters for Sealanes expansion

  17-02-2022 05:30 via businessnews.com.au
  
  Westbridge has secured key tenant Sealanes for its a Palmyra industrial asset it bought for $5.34 million.
  
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• Tourism grants 'get things rolling' on projects across the Limestone Coast

  17-02-2022 05:16 via abc.net.au
  
  Fourteen Limestone Coast tourism operators are working on new projects to attract visitors to the region after receiving cash from the state government's tourism development fund.
  
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• Local COVID cases surge by 177

  17-02-2022 04:45 via businessnews.com.au
  
  Western Australia has experienced another record surge in locally acquired COVID cases, with a further 177 reported overnight.
  
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• No-one's signed up for the ag visa yet, but don't expect thousands of workers when they do

  17-02-2022 04:27 via abc.net.au
  
  Australia's new agriculture visa could initially be capped at 1,000 foreign workers despite expectations that it would recruit at least 10 times that number.
  
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• No country has signed up, but officials expect to cap number of foreign workers on agriculture visa

  17-02-2022 04:27 via abc.net.au
  
  Australia's new agriculture visa could initially be capped at 1,000 foreign workers despite expectations that it would recruit at least 10 times that number.
  
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• Store closures hamper Wesfarmers' profits

  17-02-2022 04:12 via businessnews.com.au
  
  Wesfarmers says roughly 34,000 trading days across its stores were afflicted by pandemic restrictions, resulting in a 14 per cent profit fall and a leaner dividend.
  
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• It was meant to be a 'game changer' but company dumps plans for EV manufacturing plant

  17-02-2022 04:11 via abc.net.au
  
  Electric vehicle manufacturer Nexport blames failed talks with the New South Wales government for dumping plans to build a production plant in the state's Southern Highlands.
  
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• Yap, Ray White sue over 'threats'

  17-02-2022 04:04 via businessnews.com.au
  
  Prominent Perth real estate agent Vivien Yap has launched legal action over threats allegedly made to disrupt her business and cause her "pain and suffering".
  
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• SRG wins $60m in mining contracts

  17-02-2022 04:00 via businessnews.com.au
  
  Subiaco-based SRG Global has secured work on three goldmines, including a satellite deposit near Red 5’s Darlot operation in Western Australia.
  
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• Recent floods bring South Australia's outback landscape to life

  17-02-2022 03:40 via abc.net.au
  
  Tourism operators in South Australia's far north hope the outback has been given a new lease of life after recent floods.
  
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• Peach, nectarine exports to Vietnam expected to begin within weeks

  17-02-2022 03:38 via abc.net.au
  
  After a 10-year hiatus, Australian peaches and nectarines will soon return to Vietnam under a new agreement.
  
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• Why some people are drinking wine out of clay instead of glass

  17-02-2022 03:17 via abc.net.au
  
  An ancient method of wine making and consumption is making a comeback among niche corners of the industry.
  
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