Analyst news

• NSW taxi industry accepts $150,000 payout per cab, after initial rebuff

  07-11-2022 22:40 via abc.net.au
  
  The taxi council accepts a multi-million-dollar offer from the NSW government to compensate the industry after initially rejecting the proposal
  
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• ASX to rise as Wall Street rallies, European stocks hit a seven-week high

  07-11-2022 21:33 via abc.net.au
  
  Australian shares are expected to start the day higher after global equity markets climbed, with European stocks closing at a seven-week high.
  
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• ASX rises as Wall Street rallies, European stocks hit a seven-week high

  07-11-2022 21:33 via abc.net.au
  
  Australian shares open higher after global equity markets climbed, with European stocks closing at a seven-week high.
  
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• ASX rises as James Hardie falls on outlook cut, global markets rise ahead of US mid-terms

  07-11-2022 21:33 via abc.net.au
  
  Australian shares have risen, eyeing a third straight session of gains led by financial stocks, supported by sustained optimism about the US Federal Reserve considering easing off on its aggressive rate-hike stance.
  
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• ASX rises as James Hardie falls on outlook cut, global markets rise ahead of US midterms

  07-11-2022 21:33 via abc.net.au
  
  Australian shares have risen for a third straight session, supported by sustained optimism about the US Federal Reserve considering easing off on its aggressive rate-hike stance.
  
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• Volvo won't sell petrol cars here by 2026. Will the likes of Toyota and Ford follow their lead?

  07-11-2022 19:42 via abc.net.au
  
  Automotive lobbyists are applauding Volvo's decision to stop selling petrol powered cars in Australia within four years, but say this sort of commitment will be tougher for brands that sell cheaper cars en masse.
  
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• 'Australia has been slow out of the box', but a major petrol car maker is now four years away from going electric-only

  07-11-2022 19:42 via abc.net.au
  
  Automotive lobbyists are applauding Volvo's decision to stop selling petrol powered cars in Australia within four years, but say this sort of commitment will be tougher for brands that sell cheaper cars en masse.
  
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• 'Australia has been slow out of the box', but a major car maker is planning to go electric-only

  07-11-2022 19:42 via abc.net.au
  
  Automotive lobbyists are applauding Volvo's decision to stop selling petrol powered cars in Australia within four years, but say this sort of commitment will be tougher for brands that sell cheaper cars en masse.
  
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• Musk touts Republicans as he pushes fresh agenda on Twitter

  07-11-2022 18:47 via abc.net.au
  
  Elon Musk continues to stoke controversy as Twitter CEO, this time espousing a suggestion to US voters.
  
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• Andrew Forrest says big companies are 'forcing' customers to 'destroy the planet'

  07-11-2022 11:19 via abc.net.au
  
  Australian mining magnate Andrew "Twiggy" Forrest has accused energy companies and businesses selling single-use plastics of forcing customers to "destroy the planet".
  
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• TAB sale scratched indefinitely

  07-11-2022 09:14 via businessnews.com.au
  
  The sale of WA's TAB has been shelved after the preferred bidder and the state government failed to agree to terms.
  
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• Ashton takes WellDog colleagues to court

  07-11-2022 09:07 via businessnews.com.au
  
  Qteq executive chair Simon Ashton is suing his former WellDog colleagues, claiming they contributed to the company's insolvency by failing to repay millions of dollars.
  
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• At Close of Business 7 November 2022

  07-11-2022 09:00 via businessnews.com.au
  
  Senior editor Mark Pownall explains what makes a commercially successful biotechnology business in WA.
  
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• ASX gains steam with miners buoyant

  07-11-2022 08:35 via businessnews.com.au
  
  The Australian share market has started the week up 0.6 per cent, with the mining sector enjoying its best performance in a month amid China reopening rumours.
  
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• Artrya gets UK break

  07-11-2022 08:32 via businessnews.com.au
  
  Artrya’s coronary diagnostic product has been given regulatory approval for use in the United Kingdom after being knocked back by the US Food and Drug Administration five months ago.
  
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• Alannah calls time on long political career

  07-11-2022 08:31 via businessnews.com.au
  
  Veteran politician Alannah MacTiernan has announced she'll call time on her career at the end of this year.
  
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• Anger from housing groups as Cairns council proposes rate hike for investment properties during rental crisis

  07-11-2022 08:22 via abc.net.au
  
  Owners of investment properties in one of Queensland's tightest housing markets say a council rate hike for non-principal places of residence will only drive up rent as tenants struggle with the rising cost of living.
  
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• Satterley committed to Perth Hills plan

  07-11-2022 08:14 via businessnews.com.au
  
  Property developer Satterley Group is preparing a fresh iteration of its Perth Hills proposal, as its battle to bring the North Stoneville subdivision to life enters its 32nd year.
  
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• Myth-busting WA’s gender pay gap

  07-11-2022 08:05 via businessnews.com.au
  
  THE latest Gender Equity Insights report breaks new ground in understanding state and territory differences in gender pay gaps, especially some of the reasons for the high gender pay gap in Western Australia.
  
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• Diesel generators may be needed during summer scorcher as WA energy crisis deepens

  07-11-2022 08:01 via abc.net.au
  
  The body that runs Western Australia's biggest power system may have to spend tens of millions of dollars hiring diesel-fired backup generators as part of desperate efforts to keep the power on.
  
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• What The Block auctions tell us about Australia's housing market

  07-11-2022 07:44 via abc.net.au
  
  After months of production, five houses on The Block went under the hammer... or tried to. Here's how their wildly different auction results represent Australia's current housing market.
  
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• Arafura signs with Hyundai, Kia

  07-11-2022 07:40 via businessnews.com.au
  
  Arafura Rare Earths has negotiated a seven-year offtake deal with Hyundai and Kia Corporation to supply rare earth oxide from its Northern Territory project by as early as 2025.
  
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• Chaney details $1.3m funding haul

  07-11-2022 06:30 via businessnews.com.au
  
  Climate 200 was far and away Kate Chaney’s largest single donor ahead the federal election, with returns showing more than half of her campaign's donations came courtesy of the fund.
  
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• Robodebt legal warning crossed-out and 'watered down' in brief for Scott Morrison, inquiry hears

  07-11-2022 05:47 via abc.net.au
  
  Warnings about legal and policy problems with the proposed Robodebt scheme were "watered down" in a brief being prepared for then social services minister Scott Morrison, according to evidence given to the Robodebt royal commission. 
  
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• MacTiernan quits after 26 years

  07-11-2022 05:46 via businessnews.com.au
  
  Stalwart Labor Party minister Alannah MacTiernan has announced her resignation.
  
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• Covid impact at Wilson

  07-11-2022 05:38 via businessnews.com.au
  
  The pandemic continued to hit the earnings of parking giant Wilson in 2021-22 due to reduced business in key CBDs.
  
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• Medibank CEO says ransom amount 'irrelevant' and paying up would only increase risk of further extortion

  07-11-2022 05:27 via abc.net.au
  
  The boss of embattled insurer Medibank says the value of the ransom demand from cyber criminals was "irrelevant" in the company's decision not to negotiate with the hackers.
  
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• Shire supports King Rocks wind farm

  07-11-2022 05:12 via businessnews.com.au
  
  The Shire of Kondinin has backed Synergy’s estimated $300 million proposal to build a 150-megawatt windfarm in the state’s wheatbelt.
  
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• ARTS REVIEW: More than jazz enough

  07-11-2022 04:40 via businessnews.com.au
  
  The Perth International Jazz Festival is off and swinging and Kristian Borring says the diverse opening night program promises a great weekend in Perth and later in the south-west.
  
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• 'Train wreck that would be predicted a mile away': 300 join lawsuit over Sydney light rail

  07-11-2022 04:36 via abc.net.au
  
  One business lost hundreds of thousands of dollars as Sydney's main shopping district became a "construction zone", a court hears.
  
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• 'Train wreck': Sydney's light rail project 'decimated' local businesses, court hears

  07-11-2022 04:36 via abc.net.au
  
  One business lost hundreds of thousands of dollars as Sydney's main shopping district became a "construction zone", a court hears.
  
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• Thousands of customers remain without gas as repairs to flood-damaged pipeline could take weeks

  07-11-2022 04:34 via abc.net.au
  
  About 14,000 properties in NSW have no gas to cook or heat their homes. But authorities say a temporary fix is on its way.
  
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• Western Power pinged for safety failures

  07-11-2022 04:33 via businessnews.com.au
  
  The state’s electrical safety regular has fined Western Power $66,000 after an employee suffered severe electrical burns working on high-voltage overhead power lines two years ago.
  
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• Medibank has revealed what personal data has been accessed, depending on what kind of customer you are

  07-11-2022 03:34 via abc.net.au
  
  Medibank details what personal information it believes a cybercriminal has accessed from customers in the latest update on the hack of the company's data. 
  
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• Healthtech banks on rising numbers

  07-11-2022 02:20 via businessnews.com.au
  
  The commercial side of life sciences may have reached a critical mass in WA.
  
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• WBC profit at $5b-plus, rates yet to bite

  07-11-2022 01:45 via businessnews.com.au
  
  Westpac has posted an annual profit of $5 billion-plus and says while interest rate rises will bite, many customers remain ahead on their mortgage repayments.
  
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• ASX jumps on mining boost; Westpac falls on profit drop

  07-11-2022 00:31 via abc.net.au
  
  Strong prices for commodities including iron ore and oil pushed heavyweight Australian mining and energy stocks higher, keeping the benchmark index in the positive territory and offsetting losses by Westpac.
  
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• ASX higher as global shares rise after strong US jobs data

  07-11-2022 00:31 via abc.net.au
  
  Australian shares open higher on Monday after strong US jobs data on Friday raises hopes that the US Federal Reserve will adopt a less-aggressive monetary tightening stance going forward, pushing Wall Street higher.
  
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• NSW taxi industry rejects 'final offer' of $150k payout per car, to compensate for impact of ride-sharing services

  07-11-2022 00:25 via abc.net.au
  
  A NSW government plan to charge all taxi and rideshare passengers an extra 20 cents per trip to fund a compensation package is rejected by cabbies.
  
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• NSW government plan to hit ride share, taxi customers with new levy

  07-11-2022 00:25 via abc.net.au
  
  A NSW government plan to charge all taxi and ride share passengers an extra 20 cents per trip to fund a compensation package is rejected by cabbies.
  
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• Medibank says nearly 10 million current and former customers affected by data breach

  07-11-2022 00:05 via abc.net.au
  
  Medibank says no ransom payment will be made to the criminal responsible for the recent data hack as the number of affected customers has grown to 9.7 million.
  
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• Medibank refuses to pay ransom for hacked data as affected customer number doubles

  07-11-2022 00:05 via abc.net.au
  
  Medibank says no ransom payment will be made to the criminal responsible for the recent data hack as the the private health provider puts a further head figure in data losses.
  
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