Analyst news

• Twitter board 'unanimously' endorses Elon Musk's $63 billion takeover bid

  21-06-2022 23:56 via abc.net.au
  
  In a unanimous decision, Twitter's board says it has advised its shareholders to approve the proposed $63 billion sale of the company to billionaire and Tesla CEO Elon Musk.
  
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• AgForce Queensland boss questions climate science despite pressure to cut emissions

  21-06-2022 23:42 via abc.net.au
  
  Queensland may have recently elected three Greens MPs, but the head of the state lobby group AgForce says the science is not settled on climate change as he criticises NZ's agricultural emissions plan.
  
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• Wall Street rebounds from worst weekly sell-off since 2020, ASX set to recover further

  21-06-2022 23:23 via abc.net.au
  
  Australian shares are likely to continue their recovery, as Wall Street investors put aside their concerns about a global economic downturn and bought the dip across energy and megacap growth stocks.
  
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• UK inflation hits new 40-year high, ASX falls as market volatility continues

  21-06-2022 23:23 via abc.net.au
  
  Soaring food prices pushed British consumer price inflation to a new 40-year high, while the Australian share market closed slightly lower as investors fret about high inflation and the risk of a global downturn.
  
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• ASX rises as Wall Street rebounds from worst weekly sell-off since 2020

  21-06-2022 23:23 via abc.net.au
  
  Australian shares have continued to recover from last week's sharp losses as investors put aside their concerns about the risk of a global economic downturn.
  
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• ASX opens higher, Wall Street rebounds from worst weekly sell-off since 2020

  21-06-2022 23:23 via abc.net.au
  
  Australian shares have continued to recover from last week's sharp losses as investors put aside their concerns about the risk of a global economic downturn.
  
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• ASX falls depite Wall Street's rebound from worst weekly sell-off since 2020

  21-06-2022 23:23 via abc.net.au
  
  The Australian share market struggles for direction, despite a rebound on Wall Street driven by energy and megacap growth stocks.
  
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• Live: NSW now: Sydney Airport predicts 2.1 million passengers during July holidays

  21-06-2022 22:30 via abc.net.au
  
  MORNING BRIEFING: Passengers can expect queues and early arrival times as Sydney Airport braces for another busy period next week.
  
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• 'Some kids don't go to school': One of Queensland’s most expensive cities is crying out for public transport

  21-06-2022 21:50 via abc.net.au
  
  Would you walk several kilometres to the shops in 40-degree heat? For residents in one of Queensland's most expensive cities, the lack of public transport means some locals don't have a choice, but a new study has given community members hope.
  
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• Tasmanians still on the hook for multi-billion dollar power project which will mostly benefit Victorians

  21-06-2022 21:25 via abc.net.au
  
  It was the hot topic of letters between former PM Scott Morrison and the Tasmanian government — and it appears there's still no guarantee Australia's poorest state won't pay half the cost of a massive new power project but reap only a fraction of the benefits.
  
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• Power struggle between Victoria and Tasmania over bill split

  21-06-2022 21:25 via abc.net.au
  
  It was the hot topic of letters between former PM Scott Morrison and the Tasmanian government — and it appears there's still no guarantee Australia's poorest state won't pay half the cost of a massive new power project but reap only a fraction of the benefits.
  
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• Half the cost but only 6pc of the benefit? Tasmania's obstacle to Marinus Link

  21-06-2022 21:25 via abc.net.au
  
  It was the hot topic of letters between former PM Scott Morrison and the Tasmanian government — and it appears there's still no guarantee Australia's poorest state won't pay half the cost of a massive new power project but reap only a fraction of the benefits.
  
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• Chinese investors fast abandoning Australia but still hold vast amounts of infrastructure, land and water

  21-06-2022 20:48 via abc.net.au
  
  Australia is losing an important source of foreign funding, with Chinese investment in the country plummeting by 70 per cent last year — its lowest level since the global financial crisis.
  
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• Chinese investment in Australia plunged to 'literally none'. Has China already bought what it wanted?

  21-06-2022 20:48 via abc.net.au
  
  Australia is losing an important source of foreign funding, with Chinese investment in the country plummeting by 70 per cent last year — its lowest level since the global financial crisis.
  
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• Lawyers to argue gas project in WA will affect Great Barrier Reef in Qld

  21-06-2022 16:03 via abc.net.au
  
  A massive Woodside gas project approved in the Western Australia will contribute to damage to the Great Barrier Reef, conservation lawyers will argue.
  
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• Activists say a WA 'carbon bomb' will damage Queensland's Great Barrier Reef

  21-06-2022 16:03 via abc.net.au
  
  A massive Woodside gas project approved in the Western Australia will contribute to damage to the Great Barrier Reef, conservation lawyers will argue.
  
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• Wildcats part ways with CEO

  21-06-2022 11:08 via businessnews.com.au
  
  Troy Georgiu has finished up as Perth Wildcats' chief executive after the NBL trailblazer fell short of a finals berth for the first time since the 1980s.
  
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• Mining industry slams Queensland royalties increase as 'short-sighted', but others believe it makes hay while the sun's shining

  21-06-2022 10:48 via abc.net.au
  
  The Queensland government's revamp of how resource royalties are collected draws heavy criticism from the mining industry, but an academic believes it capitalises on coal prices while they are spiking and will not lead to anyone going "out of business".
  
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• Unprecedented intervention in energy market could be ended within days

  21-06-2022 10:21 via abc.net.au
  
  The suspension of Australia's east coast energy market could be lifted as early as Thursday, but the market operator is warning the challenges managing supply and demand may continue.
  
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• AEMO signalling it will likely reinstate energy markets this week

  21-06-2022 10:21 via abc.net.au
  
  The suspension of Australia's east coast energy market could be lifted as early as Thursday, but the market operator is warning the challenges managing supply and demand may continue.
  
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• Fenix absorbs haulage business

  21-06-2022 10:06 via businessnews.com.au
  
  Fenix Resources has inked a deal to acquire Newhaul’s stake in a haulage joint venture between the two companies for an initial $16.5 million.
  
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• At Close of Business: Mark Pownall on Quintus

  21-06-2022 09:59 via businessnews.com.au
  
  Senior editor Mark Pownall digs into the latest iteration of Quintus.
  
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• Seafarms’ review to determine fate of Project Sea Dragon

  21-06-2022 09:43 via businessnews.com.au
  
  ASX-listed aquaculture company Seafarms Group has launched a second review of its prawn farm after an original assessment recommended the project should not proceed.
  
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• ASX ends 7-day losing streak, gains 1.4pc

  21-06-2022 09:39 via businessnews.com.au
  
  The ASX has enjoyed its first winning day in the past eight sessions after bargain hunters swooped in to snap up bargains and some positive sentiment returned.
  
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• Britain's biggest rail strike in 30 years over pay and jobs brings network to a standstill

  21-06-2022 09:31 via abc.net.au
  
  As surging food and fuel prices push inflation towards 10 per cent, thousands of rail staff strike work in what could lead to widespread industrial action.
  
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• Renewable energy retailer Enova goes into administration

  21-06-2022 09:17 via abc.net.au
  
  The company says the "diabolical" energy crisis affecting Australia's east coast had an "unbearable" effect on its ability to operate.
  
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• ASIC pursues Torre over $1.8m 'fraud'

  21-06-2022 09:08 via businessnews.com.au
  
  A Mosman Park-based financial advisor has been charged with fraud after the corporate watchdog allegedly found he had stolen more than $1.8 million from clients.
  
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• Determining the real story on wages

  21-06-2022 09:05 via businessnews.com.au
  
  THROUGHOUT the recent federal election campaign, the Labor opposition targeted the Coalition government over low real wages growth and workers’ pay not keeping up with rising costs.
  
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• Rio mine opening has cultural focus

  21-06-2022 08:42 via businessnews.com.au
  
  Rio Tinto has highlighted its technical achievements but today’s official opening of its Gudai-Darri mine was just as much a celebration of Banjima culture.
  
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• Infinite Green moves on $4bn hydrogen hub

  21-06-2022 08:15 via businessnews.com.au
  
  Infinite Green Energy is progressing its $4 billion hydrogen facility proposal in the Mid West, lodging the plans with the state’s environmental watchdog.
  
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• Infinite Green moves on $300m hydrogen hub

  21-06-2022 08:15 via businessnews.com.au
  
  Infinite Green Energy is progressing its $300 million hydrogen facility proposal in the Mid West, lodging the plans with the state’s environmental watchdog.
  
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• Architect appointed for $13.9m school upgrade

  21-06-2022 08:01 via businessnews.com.au
  
  The state government has chosen Parry and Rosenthal Architects to design $13.9 million worth of upgrades at a Kingsley school.
  
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• Tough calls post-political climate change

  21-06-2022 08:00 via businessnews.com.au
  
  The electorate wants climate action, but whether we can stomach what that means is another matter.
  
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• Federal Court rules in favour of international workers in wage dispute

  21-06-2022 07:13 via abc.net.au
  
  The Federal Court has found a New South Wales restaurateur seriously contravened the Fair Work Act in a significant wage theft dispute. 
  
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• Geraldton bears brunt of cancelled Qantas flights

  21-06-2022 06:53 via abc.net.au
  
  A business leader in the Midwest says the cuts are disappointing but the airline says they will minimise last-minute cancellations.
  
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• Cott cafe petition draws support

  21-06-2022 05:54 via businessnews.com.au
  
  A cohort of Perth’s movers and shakers has backed a local petition led by one of the Rinehart family’s former lawyers to reinstate outdoor seating at a coastal cafe.
  
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• ResApp deal dips on test results

  21-06-2022 05:47 via businessnews.com.au
  
  Pfizer takeover target ResApp has had its valuation cut after its COVID-19 detecting cough tool failed to meet performance requirements needed to lock in an improved all-cash offer for the business.
  
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• Qantas scraps mask mandate on some outbound international flights amid 'confusion'

  21-06-2022 05:47 via abc.net.au
  
  Australia's flagship airline drops the mask requirement on some outbound overseas flights and pushes for uniform rules amid confusion and inconsistencies around the mandate.
  
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• Qantas changes mask rules, saying airports 'higher risk' for COVID-19 than planes

  21-06-2022 05:47 via abc.net.au
  
  Australia's flagship airline drops the mask requirement on some outbound overseas flights and pushes for uniform rules amid confusion and inconsistencies around the mandate.
  
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• Murdoch blames COVID for derailing $250m campus plan

  21-06-2022 05:11 via businessnews.com.au
  
  Murdoch University has blamed the COVID pandemic for derailing its $250 million inner city campus proposal, which had been predicated on an increase in international students.
  
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• Euroz donates brokerage fees to charity

  21-06-2022 04:47 via businessnews.com.au
  
  Perth firm Euroz Hartleys has raised $400,000 during its fourth annual Commission for a Cause Day, where brokers donate fees from a full trading day to charity.
  
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• David to pursue international opportunities

  21-06-2022 04:20 via businessnews.com.au
  
  Olivier David is leaving the state ballet company after serving as executive director for just one year.
  
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• Cattle boss calls it quits in sudden resignation

  21-06-2022 04:14 via abc.net.au
  
  The chief executive of Australia's largest cattle company has resigned, effective immediately.
  
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• Winners and losers in this years' NSW budget

  21-06-2022 04:00 via abc.net.au
  
  There's plenty of health spending and some big reforms for first home buyers — this is how NSW Treasurer Matt Kean's first budget will affect you.
  
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• Winner and losers in this years' NSW budget

  21-06-2022 04:00 via abc.net.au
  
  There's plenty of health spending and some big reforms for first home buyers — this is how NSW Treasurer Matt Kean's first budget will affect you.
  
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• NSW budget deficit more than triples to $11.3 billion

  21-06-2022 04:00 via abc.net.au
  
  The state's forecasted budget deficit has more than tripled, as the NSW government seeks to embark on major economic reforms while grappling with COVID-19 and disaster spending. 
  
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• 'Qantas's brand is very, very tarnished': Travellers suffering through disruptions as industry scrambles to find workers

  21-06-2022 03:55 via abc.net.au
  
  Airport boss says Australians should expect more disruptions to travel over the next 12 months, as the industry scrambles to fill critical worker shortages ahead of the July school holidays.
  
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• 'It's going to be challenging': Travellers warned to expect more disruptions in coming months

  21-06-2022 03:55 via abc.net.au
  
  Airport boss says Australians should expect more disruptions to travel over the next 12 months, as the industry scrambles to fill critical worker shortages ahead of the July school holidays.
  
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• RBA warns of damage from rising inflation

  21-06-2022 03:07 via businessnews.com.au
  
  Reserve Bank governor Philip Lowe has warned of the damage inflation can inflict on the economy and why it needs to be brought under control.
  
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• Reserve Bank says inflation is rising, but he doesn't see a recession on the horizon

  21-06-2022 02:14 via abc.net.au
  
  The RBA admits it suffered "reputational damage" when it tried to wind back its COVID-19 pandemic stimulus program.
  
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