Analyst news

• ASX sinks to two-week low, Wall Street and European markets fall on recession signals

  22-08-2022 23:35 via abc.net.au
  
  Australian shares fall on growing fears that central bank efforts to tame rising consumer prices with inflation-busting interest-rate hikes will weaken the global economy and lead to a recession.
  
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• ASX sinks to three-week low, Wall Street and European markets fall on recession signals

  22-08-2022 23:35 via abc.net.au
  
  The Australian share market has wiped out all of its gains for the month, on growing fears that central bank efforts to tame rising consumer prices with inflation-busting interest-rate hikes will weaken the global economy and lead to a recession.
  
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• ASX set to drop, Wall Street and European markets sink on recession signals

  22-08-2022 23:35 via abc.net.au
  
  Australian shares are set to fall on growing fears that central bank efforts to tame rising consumer prices with inflation-busting interest-rate hikes will weaken the global economy and lead to a recession.
  
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• ASX falls, Wall Street and European markets sink on recession signals

  22-08-2022 23:35 via abc.net.au
  
  Australian shares fall on growing fears that central bank efforts to tame rising consumer prices with inflation-busting interest-rate hikes will weaken the global economy and lead to a recession.
  
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• An island, a federal judge, and the fight over a multi-billion dollar Santos gas project

  22-08-2022 22:35 via abc.net.au
  
  Traditional owners on the remote Tiwi Islands have given evidence in a special beachside federal court hearing, in a bid to stop a major Santos gas project from going ahead.
  
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• 'Massive greed': How the construction industry entered a loss-making boom and why more builders will go bust

  22-08-2022 20:01 via abc.net.au
  
  The demise of Australia's construction industry was caused by speculation and greed, major developers argue, with more builders tipped to collapse over the next 18 months, leaving consumers in significant trouble.
  
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• 'Every promise is broken': Builders and their customers left broke and out of pocket by construction cost blowouts

  22-08-2022 20:01 via abc.net.au
  
  The demise of Australia's construction industry was caused by speculation and greed, major developers argue, with more builders tipped to collapse over the next 18 months, leaving consumers in significant trouble.
  
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• Showcase the splendour of these parts

  22-08-2022 10:17 via businessnews.com.au
  
  Perth could do with a permanent location to show locals and visitors the best of what WA can produce.
  
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• ASX falls 0.95pc with red across board

  22-08-2022 10:10 via businessnews.com.au
  
  The local share market has fallen by nearly a percentage point, its biggest drop in six weeks.
  
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• Freo buildings to go after SAT ruling

  22-08-2022 10:09 via businessnews.com.au
  
  The State Administrative Tribunal has ruled in favour of a plan to demolish buildings still standing on a section of land purchased by a company for $59 million.
  
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• Former Swallow Bar site sells

  22-08-2022 10:07 via businessnews.com.au
  
  A syndicate of owners including Alannah MacTiernan sold the building to Hesperia director Judd Dyer for $2.15 million.
  
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• NRW books $130m extension

  22-08-2022 09:58 via businessnews.com.au
  
  A subsidiary of Belmont-based contractor NRW has won a two-year contract extension for work at the Broadlea coal mine in Queensland.
  
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• Stati moves on $35m Motorsport hub

  22-08-2022 09:51 via businessnews.com.au
  
  Bentley-based developer Stati Group is moving on a $35 million plan to build a major race track in Perth’s south-east capable of hosting international rally events and the Red Bull Air Race.
  
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• WA launches $4m campaign to pinch hospitality workers from NZ, interstate

  22-08-2022 09:49 via abc.net.au
  
  With tourism arrivals increasing and forward bookings above pre-pandemic levels, Tourism WA will launch a $4.4 million recruitment campaign aimed at hospitality workers from the eastern states and New Zealand.
  
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• Lendlease posts loss but signals recovery

  22-08-2022 09:47 via businessnews.com.au
  
  The multinational developer, which exited its $1 billion Waterbank project in Perth this year, has announced a $99 million loss at its full year results.
  
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• Sumitomo invests in Perenti tech

  22-08-2022 09:38 via businessnews.com.au
  
  Perenti Global will pocket $5.4 million after selling a stake in its technology business idoba to Japan’s Sumitomo Corporation.
  
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• Iconic takeaway shop closes its doors after tenancy issue with local council

  22-08-2022 09:22 via abc.net.au
  
  Residents are concerned for the future of Port Albert after the closure of a fish and chip shop labelled an "institution" by one local business owner.
  
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• Pindan fallout unfinished for Complete Hire

  22-08-2022 09:21 via businessnews.com.au
  
  A Pindan contractor allegedly left $1 million out of pocket by the company’s collapse is now pursuing Rio Tinto for the cash, demanding it hand back the facilities at Gudai-Darri.
  
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• 'We will be in strife': Kiama Council calls extraordinary meeting to discuss debt

  22-08-2022 09:18 via abc.net.au
  
  The region's mayor has rejected comments that the council is effectively trading while insolvent, as the NSW auditor-general raises other concerns about its finances.
  
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• OreCorp faces higher capex

  22-08-2022 09:17 via businessnews.com.au
  
  OreCorp has talked up the prospects for its Nyanzaga gold project in Tanzania despite revealing a big increase in expected pre-production capital costs.
  
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• MACA triples profit, tight-lipped on takeover

  22-08-2022 08:28 via businessnews.com.au
  
  MACA has reported a $42.8 million net profit due to a strong pipeline of work across WA’s resources sector, but is keeping schtum on the status of a much-discussed takeover.
  
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• Good Drinks acquires Victorian brewer

  22-08-2022 08:02 via businessnews.com.au
  
  Western Australia’s largest brewer has expanded its presence in Victoria and doubled the number of venues it owns with the purchase of Stomping Ground in a deal valued at around $10 million.
  
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• Another $1.9bn spent bailing out state insurance scheme, NSW Treasurer reveals

  22-08-2022 08:01 via abc.net.au
  
  The scandal-plagued state workers' insurance scheme icare has now needed almost $4 billion in bailouts over past three years, the NSW Treasurer says.
  
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• Swan gets fair cut of pork

  22-08-2022 08:00 via businessnews.com.au
  
  Voters in Perth's eastern suburbs were well served in the Coalition's last term in office, according to new research from The Grattan Institute.
  
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• It's been going since 1905, so don't expect to have an answer on Hobart's cable car anytime soon

  22-08-2022 07:09 via abc.net.au
  
  Whether or not a company planning to build a cable car up Hobart's mountain has done enough to address a raft of complaints by opponents is being argued in a planning tribunal — and anyone hoping the issue will be resolved once and for all is likely to be disappointed.
  
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• Shifting the dial on density

  22-08-2022 06:47 via businessnews.com.au
  
  A Fremantle-based architect is willing to take on regulatory hurdles to create sustainable living spaces.
  
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• More time for Byford solar farm

  22-08-2022 06:27 via businessnews.com.au
  
  WestGen has received a two-year extension to complete its proposed $140 million Byford Solar Farm in Oakford.
  
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• Geraldton's Foodbank hands out more than 30,000kg of food a month as cost of living bites

  22-08-2022 05:48 via abc.net.au
  
  With the national cost of living rising 6.1 per cent in 12 months, Foodbanks in regional areas no longer have quiet days as more people seek help to put food on the table.
  
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• Demand hike for Foodbank as living-cost rises sees more people seeking relief

  22-08-2022 05:48 via abc.net.au
  
  Geraldton manager Jamie O'Brien says demand has grown more in five months than it would in a year.
  
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• New flight paths and more flights over Moreton Bay are key to reducing aircraft noise over Brisbane, report recommends

  22-08-2022 05:12 via abc.net.au
  
  A report into Brisbane flight paths has made 49 recommendations, including introducing alternative routes by 2024 and boosting the number of flights over Moreton Bay.
  
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• Australian High Commissioner summoned by Solomon Islands government over ABC's Four Corners report

  22-08-2022 05:06 via abc.net.au
  
  The Solomon Islands government hauls in Australia's High Commissioner over the Four Corners program exploring how China has been rapidly building commercial and security ties with the Pacific Island nation.
  
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• Spike in costs at Kwinana project

  22-08-2022 04:40 via businessnews.com.au
  
  Shares in Adbri fell sharply today after the ASX company reported a fall in net profit and provided updates on major projects at Kwinana and Kalgoorlie.
  
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• McGowan takes a bite out of Basil

  22-08-2022 04:28 via businessnews.com.au
  
  There’s a Seinfeld-type plot to the lord mayor and premier crossing swords when the city is at a crossroads.
  
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• Sydney's Central Station to be transformed with shops, restaurants, offices and housing

  22-08-2022 03:13 via abc.net.au
  
  The plan will see construction of 15 new buildings of up to 34 storeys over the rail corridor, including affordable housing and student accommodation, and six new hectares of parkland.
  
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• 'Busiest train station in Australia' to be transformed with towers built over rail lines

  22-08-2022 03:13 via abc.net.au
  
  The plan to revamp Sydney's Central Station will see the construction of 15 new buildings of up to 34 storeys over the rail corridor, including affordable housing and student accommodation, and six new hectares of parkland.
  
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• ASX posts biggest drop in six weeks; EML shares surge while Adbri plunged on net loss

  22-08-2022 03:09 via abc.net.au
  
  Australian shares have posted their biggest drop in six weeks, as commodity stocks dragged the resource-heavy bourse lower due to a slump in gold and iron ore prices.
  
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• ASX falls, EML shares surge while Adbri plunged on net loss

  22-08-2022 03:09 via abc.net.au
  
  Australian shares have opened lower after logging five straight weeks of gains for the first time in more than a year, while weak underlying prices are expected to weigh on domestic commodity stocks.
  
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• Qantas says sorry with $50 discounts

  22-08-2022 02:54 via businessnews.com.au
  
  Qantas is rolling out a $50 flight discount as an apology for the poor service and lost baggage in a turbulent post-pandemic return to the skies.
  
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• Mobile tower at WA fishing spot still needs approval years after coroner's recommendation

  22-08-2022 01:38 via abc.net.au
  
  Telstra says construction of a mobile phone tower at one of Western Australia's most deadly fishing spots won't begin until next year, almost a decade after the deaths of two rock fishermen.
  
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• One of Australia's largest gold mines reopens but road closures are still affecting farmers

  22-08-2022 00:59 via abc.net.au
  
  It took three weeks to restart one of teh nation's biggest gold mines after a safety issue but farmers still face weeks waiting for life to return to normal.
  
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• Mine reopens following three-week suspension but road closure still affecting farmers

  22-08-2022 00:59 via abc.net.au
  
  It took three weeks to restart one of Australia's largest gold mines after a safety issue but farmers still face weeks waiting for life to return to normal.
  
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• Damage from this mine is still impacting farmers, yet its operations, profits remain solid

  22-08-2022 00:59 via abc.net.au
  
  It took three weeks to restart one of Australia's largest gold mines after a safety issue but farmers still face weeks waiting for life to return to normal.
  
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• Qantas Frequent Flyers to get discount vouchers today after CEO's apology

  22-08-2022 00:45 via abc.net.au
  
  Alan Joyce says it's "not good enough" that Qantas customers have been been dealing with flight delays, cancellations and lost baggage over the past few months. 
  
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• Qantas Frequent Flyers to get discount vouchers after CEO's apology

  22-08-2022 00:45 via abc.net.au
  
  Alan Joyce says it's "not good enough" that Qantas customers have been been dealing with flight delays, cancellations and lost baggage over the past few months. 
  
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• Why the land of K-Pop and Squid Game could play an important part in Australia's trade future

  22-08-2022 00:12 via abc.net.au
  
  It's a trade relationship worth more than $38.9 billion, and it could get even bigger as Korea looks to Australia for natural resources and energy.
  
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