Analyst news

• ASX wraps up financial year sharply lower, AGL discovers Brookfield buy-in

  29-06-2022 23:04 via abc.net.au
  
  The Australian share market has wrapped up the financial year sharply lower, with health care the only sector to close in the green. Meanwhile, AGL has told shareholders Brookfield has bought into the company through a subsidiary.
  
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• ASX set for sluggish start after a mixed day on Wall Street

  29-06-2022 23:04 via abc.net.au
  
  The Australian share market is set for a slow start on Thursday, after a choppy day on Wall Street as the end of the financial year draws to a close amid interest hikes and the threat of a global recession.
  
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• ASX down, AGL up on Brookfield buy-in

  29-06-2022 23:04 via abc.net.au
  
  The Australian share market has dropped on Thursday, after a choppy day on Wall Street. Meanwhile, Brookfield won't comment on AGL buy-in.
  
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• Live: NSW Now: Teachers from public and Catholic schools stay home in historic joint strike action

  29-06-2022 22:32 via abc.net.au
  
  MORNING BRIEFING: For the first time, thousands of teachers from public and Catholic schools across New South Wales are refusing to work in protest over pay and staff shortages. 
  
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• Live: NSW Now: Private and public teachers stay home in historic joint strike action

  29-06-2022 22:32 via abc.net.au
  
  MORNING BRIEFING: For the first time, thousands of teachers from public and Catholic schools across New South Wales are refusing to work in protest over pay and staff shortages. 
  
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• Cattle market chaos in Indonesia as foot-and-mouth disease spreads and live exports stall

  29-06-2022 22:03 via abc.net.au
  
  Australian live exports are stalling and Indonesian farmers are offloading cattle due to a foot-and-mouth disease outbreak in that country, with more than 200,000 cases recorded so far.
  
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• When Kumar's new home developed large cracks, he went to the construction watchdog. He was 'shocked' at its response

  29-06-2022 21:52 via abc.net.au
  
  A damning report into the effectiveness of Queensland's building and construction watchdog recommends sweeping reforms to overhaul the troubled regulator after finding its organisational structure and processes were not fit-for-purpose.
  
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• When Jashneil was told large cracks in his new home were 'within reason', he lost faith in the building watchdog

  29-06-2022 21:52 via abc.net.au
  
  A damning report into the effectiveness of Queensland's building and construction watchdog recommends sweeping reforms to overhaul the troubled regulator after finding its organisational structure and processes were not fit-for-purpose.
  
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• The price of food and electricity is soaring, but it hardly affects Melissa

  29-06-2022 21:14 via abc.net.au
  
  It cost Melissa Weckert and her family a lot of money to build sustainability into their house and lifestyle, but now it's paying dividends.
  
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• As the cost of living soars, Melissa's sustainable lifestyle is now paying dividends

  29-06-2022 21:14 via abc.net.au
  
  It cost Melissa Weckert and her family a lot of money to build sustainability into their house and lifestyle, but now it's paying dividends.
  
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• The past financial year saw most Australians make big losses on their super, where's it headed next?

  29-06-2022 21:09 via abc.net.au
  
  Australians are set to make big losses on their superannuation savings, with new data showing people will have lost an average of about 3 per cent on their balances over the past financial year.
  
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• 'A rough patch': Australians see their superannuation balances fall amid share market turmoil

  29-06-2022 21:09 via abc.net.au
  
  Australians are set to make big losses on their superannuation savings, with new data showing people will have lost an average of about 3 per cent on their balances over the past financial year.
  
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• Urgent investment in key projects needed to shore up electricity supply, energy market operator says

  29-06-2022 20:43 via abc.net.au
  
  More than $12 billion of investment in new transmission lines should begin "as urgently as possible" to ensure electricity supply is secure in the coming decade, according to the Australian Energy Market Operator. 
  
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• AEMO calls for urgent investment in key projects to shore up electricity supply

  29-06-2022 20:43 via abc.net.au
  
  More than $12 billion of investment in new transmission lines should begin "as urgently as possible" to ensure electricity supply is secure in the coming decade, according to the Australian Energy Market Operator. 
  
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• Apartment plan for Gloucester Park

  29-06-2022 17:17 via businessnews.com.au
  
  Adrian Fini and Ben Lisle-led Hesperia is proposing an apartment development for the East Perth site.
  
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• Free trade negotiations with Europe to resume within months, Albanese says

  29-06-2022 16:49 via abc.net.au
  
  The Prime Minister says free trade negotiations with the European Union will resume in coming months, after securing a commitment from the President of the European Commission.
  
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• As Sri Lanka descends into an economic and humanitarian crisis, protesters vow those responsible won't 'get away easily'

  29-06-2022 14:14 via abc.net.au
  
  Sri Lanka is descending into a crisis the likes of which are rarely seen in middle-income countries. Its people are paying a terrible price and, as their disillusionment, misery and anger grows, they want to see those responsible held to account.
  
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• Producers, supermarkets at odds over egg 'shortage' as consumers share photos of empty shop shelves

  29-06-2022 12:44 via abc.net.au
  
  Australian egg producers say there are plenty of eggs in the market despite disruptions to the industry supply chain.
  
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• No eggs shortage, producers say, as consumers share photos of empty supermarket shelves on social media

  29-06-2022 12:44 via abc.net.au
  
  Australian egg producers say there are plenty of eggs in the market despite disruptions to the industry supply chain.
  
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• No egg shortage, producers say, as consumers share photos of empty supermarket shelves on social media

  29-06-2022 12:44 via abc.net.au
  
  Australian egg producers say there are plenty of eggs in the market despite disruptions to the industry supply chain.
  
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• Austrian Chancellor talks of 'extraordinary times' as country prepares to reopen coal power station after Russia's gas threat

  29-06-2022 10:29 via abc.net.au
  
  Two years after Austria's last coal plant was shut down, the government has decided to reopen it, fearing a shortage of gas deliveries from Russia as the war in Ukraine shows no signs of abating.
  
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• Panel approves $22m Dunsborough centre

  29-06-2022 10:26 via businessnews.com.au
  
  A scaled back version of a $22 million development in Dunsborough has been approved after a tribunal ordered a reconsideration.
  
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• CBD revival a 'team game', says Freeman

  29-06-2022 10:19 via businessnews.com.au
  
  Sneakers & Jeans Hospitality Group owner Andy Freeman has said businesses like his can’t be sole trailblazers in cultivating a night-time economy in Perth’s CBD.
  
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• Government accepts Yagan Square needs fixing

  29-06-2022 10:17 via businessnews.com.au
  
  DevelopmentWA has admitted the development did not work as planned, but is working to rectify the issues.
  
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• Aust shares slip amid global worries

  29-06-2022 10:03 via businessnews.com.au
  
  The Australian share market has fallen almost one per cent, ending a four-day winning streak amid renewed concerns of a global recession.
  
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• At Close of Business: Jordan Murray talks universities, childcare

  29-06-2022 09:40 via businessnews.com.au
  
  Journalist Jordan Murray discusses what changes have been lined up for the education sector under the newly elected Labor government.
  
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• The Loop: Coroner's findings on Hannah Clarke's death, Origin Energy fined millions, Ghislaine Maxwell's victims speak

  29-06-2022 09:08 via abc.net.au
  
  Here's a quick look at some of today's biggest headlines.
  
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• From zoos to mini-golf, tourist operators report a Dine and Discover deadline boom

  29-06-2022 08:46 via abc.net.au
  
  The looming expiry of the NSW Dine and Discover has prompted a last-minute spend up, but there are still millions of dollars yet to be redeemed.
  
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• Norco says it could be forced to lay off 240 staff without boost to business grant

  29-06-2022 08:15 via abc.net.au
  
  Some of the largest employers in the Northern Rivers  are calling on the state and federal governments to increase a disaster recovery package to $100 million.
  
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• Senior public servant warns of 'significant' falls on asset markets

  29-06-2022 07:54 via abc.net.au
  
  Australian Office of Financial Management CEO Rob Nicholl says a decade of record-low interest rates and money-printing programs across the world is coming to an end and the impact will be major.
  
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• More regional suburbs join the million-dollar-house club as 'cashed-up' buyers move in

  29-06-2022 07:42 via abc.net.au
  
  A real estate agent says shifting buyer demographics, including retirees from Sydney, are driving up property prices in regional NSW.
  
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• 'It's an easy choice to go somewhere else': Housing crisis forces businesses to buy and rent homes to keep staff

  29-06-2022 07:42 via abc.net.au
  
  Victorian business owners say they are being forced to buy and rent houses for staff to use in a bid to attract and retain workers — despite thousands of houses sitting vacant across the state.
  
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• Pilbara moves on $298m growth plan

  29-06-2022 07:39 via businessnews.com.au
  
  Pilbara Minerals will forge ahead with a $298 million expansion of its Pilgangoora lithium project to supercharge production capacity and keep pace with growing market demand.
  
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• 'Bumper year' tipped as cinemas reel in audiences 'bigger than pre-pandemic levels'

  29-06-2022 06:34 via abc.net.au
  
  Blockbusters like Top Gun: Maverick and government stimulus measures are helping movie theatres bounce back from the nightmare of COVID-19, owners say. Market research, meanwhile, suggests that this year at the movies could be one for the books.
  
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• NSW government backs down in bid to end rail chaos, pledging $264m to fix 'safe' trains

  29-06-2022 06:16 via abc.net.au
  
  Transport Minister David Elliott pledges $264 million to fix a fleet of trains that has been at the centre of a years-long dispute with the rail union.
  
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• NSW government backs down in bid to end rail chaos, pledging $240m to fix 'safe' trains

  29-06-2022 06:16 via abc.net.au
  
  Transport Minister David Elliott pledges $240 million to fix a fleet of trains that has been at the centre of a years-long dispute with the rail union.
  
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• Tensions aboard Shell's gas facility Prelude boil over amid pay dispute

  29-06-2022 06:13 via abc.net.au
  
  Contractors set to fly out to the resources rig were told to stand down in response to a disagreement over pay increases, rostering and job security. 
  
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• No guarantees with honorary degrees

  29-06-2022 05:59 via businessnews.com.au
  
  A longstanding university practice is increasingly a cause for controversy.
  
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• New government makes class effort

  29-06-2022 05:54 via businessnews.com.au
  
  Reforming childcare and higher education policy shape as top priorities for Labor in its first term in government.
  
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• TikTok meets Tinder en route to Singletown

  29-06-2022 05:53 via businessnews.com.au
  
  It’s virtually impossible to keep up with the rapid change in online apps with which people can connect.
  
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• Nationals candidate announced for Catania's seat

  29-06-2022 05:44 via businessnews.com.au
  
  The Nationals WA has preselected a candidate to fill the North West Central seat vacated by long-term MP Vince Catania.
  
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• VDM, director cop $460k fine over work death

  29-06-2022 05:41 via businessnews.com.au
  
  Welshpool-based company VDM Engineering and its director have been hit with a $460,000 fine after a worker was crushed to death.
  
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• Liontown lithium project a go

  29-06-2022 05:37 via businessnews.com.au
  
  Liontown Resources will push ahead with its proposed Kathleen Valley lithium project after tying up its third and final offtake deal and a $300 million debt facility with Ford.
  
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• Origin hit with largest total penalty in Australian history for breaching national energy retail laws and rules

  29-06-2022 05:30 via abc.net.au
  
  The Federal Court has fined Origin Energy for breaching its obligations to customers experiencing hardship and payment difficulties, with the total penalty the largest ever imposed for breaches of the national energy retail law and rules.
  
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• Origin Energy ordered to pay $17 million penalty for breaching hardship obligations

  29-06-2022 05:30 via abc.net.au
  
  It is the largest total penalty ever imposed for breaches of the National Energy Retail law and rules.
  
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• Ford Motor Company backs new $545m lithium mine in WA

  29-06-2022 04:48 via abc.net.au
  
  ASX-listed Liontown Resources signs a deal with US motoring giant Ford to develop a $545 million lithium mine to supply the metal used in electric vehicle batteries.
  
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• It's not just lettuce — hot chips are about to get more expensive

  29-06-2022 04:00 via abc.net.au
  
  WA's only local chip producer warns the change is inevitable following a gas price increase of almost half a million dollars.
  
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• Chip producer hit with 60 per cent increase in gas bill, warns price rises inevitable

  29-06-2022 04:00 via abc.net.au
  
  If you enjoy eating hot chips, you could be in for a hit to the hip pocket. 
  
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• 'Unsophisticated' attempts to steal ATMs, cash, booze and fuel lead to 3-year jail term

  29-06-2022 03:56 via abc.net.au
  
  A 24-year-old man's final attempt to steal an ATM resulted in it flying off the back of a stolen getaway ute, as part of a ram raid in outback NSW.
  
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• ATM goes flying as theives flee outback ram raid

  29-06-2022 03:56 via abc.net.au
  
  A 24-year-old man's final attempt to steal an automatic teller machine resulted in it flying off the back of a stolen getaway ute.
  
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