Analyst news

• 'Gone are the days of a lamb roast': Industry says lamb will cost more without live export

  09-06-2022 23:05 via abc.net.au
  
  Shoppers are warned to expect to pay more for lamb at the supermarket, as the sheep industry prepares for a future without live export.
  
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• 'Nightmare waiting to happen' for ski operators as snow season gets underway

  09-06-2022 22:35 via abc.net.au
  
  Amid a bumper snow season, operators face rising insurance costs of up to 800 per cent as a result of the Black Summer bushfires, which burnt through around 187,000 hectares of the alpine area.
  
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• Insurance costs could rise by more than 1,000pc for snowfield businesses, and it's to do with fire

  09-06-2022 22:35 via abc.net.au
  
  Amid a bumper snow season, rising insurance costs of up to 800 per cent are a result of the Black Summer bushfires that burnt through around 187,000 hectares of the alpine area.
  
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• Rosemary wanted solar panels, but a small roof 'blew all the plans apart'. The alternative was not easy

  09-06-2022 22:00 via abc.net.au
  
  Unable to get solar panels, Rosemary found a green power deal. But advocates say they can be difficult to navigate and hard to compare.  
  
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• 'Vulnerable' investors who lost $77m to trading firm likened to Wolf of Wall Street still looking for compensation

  09-06-2022 21:57 via abc.net.au
  
  The liquidators of ForexCT are trying to claw back cash from a parent company believed to be domiciled in the tax haven of Gibraltar. 
  
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• 'Worked against the national interest': Anger at Peter Dutton's disclosure of submarine negotiations

  09-06-2022 21:21 via abc.net.au
  
  Opposition Leader Peter Dutton's decision to divulge sensitive discussions with the United States on acquiring nuclear-powered submarines has sparked concern that he may have jeopardised plans for a joint agreement by year's end.
  
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• 'Superworms' to the rescue? These beetle larvae can survive on styrofoam alone

  09-06-2022 20:42 via abc.net.au
  
  Beetle larvae that can break down polystyrene could yield enzymes useful in recycling plastics, researchers say — but others are not convinced.
  
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• It's a 'horrible plastic' — and these 'superworms' can grow from eating it

  09-06-2022 20:42 via abc.net.au
  
  Beetle larvae that can break down polystyrene could yield enzymes useful in recycling plastics, researchers say — but others are not convinced.
  
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• Architecture awards winners announced

  09-06-2022 16:00 via businessnews.com.au
  
  Fremantle’s Walyalup Civic Centre scooped the major prize at the event.
  
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• Twitter to provide Elon Musk with 'firehose' of raw daily tweet data to seal $61 billion deal, reports claim

  09-06-2022 15:25 via abc.net.au
  
  Twitter will comply with Elon Musk's ultimatum and supply the billionaire with the data of hundreds of millions of daily tweets in an effort to seal his $61 billion takeover of the social media platform.
  
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• A $900,000 monthly gas bill spells trouble for this business. It says Australia's food security is next

  09-06-2022 10:10 via abc.net.au
  
  Businesses say the soaring price of gas is threatening to close them down, which could put Australia's food security at risk if the crisis is not solved soon.
  
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• Construction issues 'far from over'

  09-06-2022 10:07 via businessnews.com.au
  
  A recent report has confirmed the construction sector across Australia is overheating due to labour shortages and construction costs increase with no signs of slowing down.
  
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• Vivien Yap’s offices sold in $7.7 million deal

  09-06-2022 10:02 via businessnews.com.au
  
  A local investor has snapped up two Claremont sites, including Vivien Yap’s offices, for $7.7 million.
  
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• At Close of Business: Mark Pownall profiles Riccardo Rizzi

  09-06-2022 09:59 via businessnews.com.au
  
  Senior editor Mark Pownall delves into a little-known Perth identity looking to flip a multi-million-dollar Gold Coast property.
  
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• ASM signs up Hyundai Engineering

  09-06-2022 09:57 via businessnews.com.au
  
  Perth company Australian Strategic Materials is pursuing a novel contracting approach for its rare earths project, signing an engineering, procurement and construction definition (EPCD) contract.
  
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• Grow-your-own seedling demand surging as fresh food prices bite

  09-06-2022 09:50 via abc.net.au
  
  As it becomes increasingly expensive to buy fresh fruit and vegetables, more people are looking to plant their own produce. But even that is beginning to get pricey.
  
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• Freo distillery seeks $1m

  09-06-2022 09:47 via businessnews.com.au
  
  Republic of Fremantle Distilling Co has plans to triple the capacity of its bar and export its spirits to overseas markets using money it hopes to raise from a crowdfunding campaign.
  
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• ASX falls 1.4pc with big losses for banks

  09-06-2022 09:44 via businessnews.com.au
  
  It's been another brutal day for Australia's banks and non-bank mortgage lenders, with the financial sector on track for its worst week since March 2020.
  
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• Explorer spending slows

  09-06-2022 09:43 via businessnews.com.au
  
  Fundraising activity among explorers has fallen from the lofty highs of 2021, but BDO’s global head of natural resources Sherif Andrawes says it’s too early to call time on the sector’s streak.
  
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• Kenwick Tyrepower sold

  09-06-2022 08:57 via businessnews.com.au
  
  The 2,375sqm property has sold to an interstate investor for $2.05 million.
  
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• Crothers wins $18m zoo projects

  09-06-2022 08:53 via businessnews.com.au
  
  The state government has appointed West Australian builder Crothers Construction for projects valued at $18 million as part of the Perth Zoo masterplan.
  
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• Pressure rises amid tertiary job losses

  09-06-2022 08:30 via businessnews.com.au
  
  Staff cuts at the height of the pandemic are continuing to bite universities across Australia.
  
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• Artrage appeals to donors

  09-06-2022 08:25 via businessnews.com.au
  
  Artrage, the parent company behind Fringe World Festival, has created a philanthropy program to support its activities year-round and provide more opportunities for artists.
  
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• Wind, solar to power Rio Tinto aluminium

  09-06-2022 07:34 via businessnews.com.au
  
  New wind and solar farms will be used to power Rio Tinto's aluminium assets in the Gladstone region, as the mining giant looks to halve emissions by 2030.
  
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• 'Working poor' join queue for help as cost of living rises

  09-06-2022 07:31 via abc.net.au
  
  The Australian Red Cross says people are "beating a path" to their door for humanitarian help as families struggle to pay for basics including dog food for their beloved pets.
  
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• Can't afford to buy dog food? Red Cross sees surge in pet owners seeking help

  09-06-2022 07:31 via abc.net.au
  
  The Australian Red Cross says people are "beating a path" to their door for humanitarian help as families struggle to pay for dog food for their beloved pets.
  
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• Eftech inks merger with multinational

  09-06-2022 07:27 via businessnews.com.au
  
  Locally established drilling contractor Eftech International has been acquired by a Netherlands oil and gas services business looking to secure a foothold in Australia.
  
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• No end in sight for native forest logging in NSW, as north coast supply contracts extended

  09-06-2022 06:33 via abc.net.au
  
  The NSW Agriculture Minister says the government has no plans to phase out native hardwood logging in state forests, after announcing the five-year extension of North Coast Wood Supply Agreements.
  
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• Some of Australia's strictest Airbnb and holiday home laws are now in place for WA tourist towns

  09-06-2022 05:58 via abc.net.au
  
  The new laws in WA's south-west wine and tourism region apply night curfews to guests and dog supervision rules.
  
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• Night curfew and dog supervision: some of Australia's strictest holiday home laws enforced

  09-06-2022 05:58 via abc.net.au
  
  The new laws in WA's south-west wine and tourism region apply night curfews to guests and require dogs to be supervised at all times.
  
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• Duratec books more defence work

  09-06-2022 05:07 via businessnews.com.au
  
  Wangara-based Duratec has locked in new contracts with the Department of Defence to the tune of $25 million.
  
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• End of Yelo apartment trial

  09-06-2022 05:00 via businessnews.com.au
  
  A Supreme Court trial over an apartment proposal at the Yelo cafe site has come to an end after resident group Too Big for Trigg dropped its application.
  
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• Two regulators approve Crown takeover

  09-06-2022 04:24 via businessnews.com.au
  
  Casino watchdogs in Victoria and NSW have approved the $8.9 billion takeover of Crown Resorts but the Western Australian watchdog is yet to make a decision.
  
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• Retailers from flooded shopping centre call for compensation as owner offers cash payment

  09-06-2022 04:16 via abc.net.au
  
  Business owners facing an uncertain future are exploring their options after Mirvac's decision to close the Toombul Shopping Centre.
  
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• Retailers from flooded shopping centre call for compensation after leases cancelled

  09-06-2022 04:16 via abc.net.au
  
  Business owners facing an uncertain future are exploring their options after Mirvac's decision to close the Toombul Shopping Centre.
  
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• Scientists warn backing projects like Woodside's Scarborough will make meeting climate targets more difficult

  09-06-2022 03:52 via abc.net.au
  
  Climate scientists are warning now is not the time to back big new gas developments, as the new Albanese government throws its support behind Woodside's mega Scarborough gas projects.
  
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• Fantasy home belies inconspicuous life

  09-06-2022 03:39 via businessnews.com.au
  
  It took the sale process for a Gold Coast mansion to unearth an unexpectedly low-key Perth property developer.
  
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• 'New era of cooperation' to revamp energy

  09-06-2022 03:11 via businessnews.com.au
  
  Energy sector players have broadly backed plans by federal, state and territory governments to work together to stabilise Australia's power sources.
  
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• With Wall Street demanding Chinese companies reveal their secrets, Xi Jinping has a big decision to make

  09-06-2022 01:43 via abc.net.au
  
  For decades, Chinese billionaires and entrepreneurs have dreamt of their companies making it on the New York stock exchange, but now they face the risk of being delisted if Beijing does not step back. 
  
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• Almost every Chinese billionaire has one American dream. But now it's turning into a nightmare

  09-06-2022 01:43 via abc.net.au
  
  For decades, Chinese billionaires and entrepreneurs have dreamt of their companies making it on the New York stock exchange, but now they face the risk of being delisted if Beijing does not step back. 
  
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• Rate hikes spook markets and hit finance stocks, while ASX falters

  09-06-2022 00:27 via abc.net.au
  
  Markets globally are in the red as the world considers continuing inflation and the likelihood it will be tackled with rising interest rates. Meanwhile, Rio Tinto is calling for more renewable energy to power its refineries in Queensland.
  
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• Price spikes continue, with oil up again and OECD forecasting highest inflation since 1988

  09-06-2022 00:27 via abc.net.au
  
  Markets globally are in the red, as the world considers continuing inflation and the likelihood it will be tackled with rising interest rates.
  
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• Inflation, oil surge and rate hike concerns hit markets again, with ASX trending down

  09-06-2022 00:27 via abc.net.au
  
  Markets globally are in the red, as the world considers continuing inflation and the likelihood it will be tackled with rising interest rates. Meanwhile, Rio Tinto is calling for more renewable energy to power its refineries in Queensland.
  
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• Finance stocks have worst week since COVID started as rate hike woes hit markets

  09-06-2022 00:27 via abc.net.au
  
  Markets globally are in the red as the world faces continuing inflation and the likelihood it will be tackled with rising interest rates. The ASX finishes down again.
  
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