Analyst news

• Why falling sea freight costs are a massive win for Australian growers

  14-02-2023 22:59 via abc.net.au
  
  Food such as grapes, citrus, and grain may be shipped to more overseas markets this year due to a drop in global sea freight rates.
  
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• Abrolhos Islands charter operators close, but tourism advocates say future is still bright

  14-02-2023 22:18 via abc.net.au
  
  One operator has shut down and another has paused its operations, but business leaders say the archipelago will continue to offer rich opportunities.
  
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• 'Shortages everywhere': NT heads overseas to in a bid to fill thousands of job vacancies

  14-02-2023 21:37 via abc.net.au
  
  Industry groups and the NT government are travelling as far as the UK and India in an effort to ease crippling worker shortages in hospitality, mining and construction.
  
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• 'Shortages everywhere': NT heads overseas in a bid to fill thousands of job vacancies

  14-02-2023 21:37 via abc.net.au
  
  Industry groups and the NT government are travelling as far as the UK and India in an effort to ease crippling worker shortages in hospitality, mining and construction.
  
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• Hundreds of resort residents set to lose electricity and water amid body corporate dispute with service provider

  14-02-2023 21:31 via abc.net.au
  
  Couran Cove Island Resort on south Stradbroke Island will have essential services like power, gas and water cut off indefinitely today over claims of unpaid body corporate levies.
  
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• Live: RBA governor Philip Lowe at Senate estimates, ASX down, CBA's bumper profit, Wall Street mixed on inflation data

  14-02-2023 21:02 via abc.net.au
  
  The RBA's Philip Lowe to face a grilling after nine consecutive rate hikes. CBA's big half year as rates rise, the ASX trades lower. US annual inflation comes in at 6.4 per cent, sending the Dow down. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
  
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• Live: Bank regulator APRA follows RBA governor Philip Lowe at Senate estimates, ASX falls

  14-02-2023 21:02 via abc.net.au
  
  The RBA's Philip Lowe and the bank regulator APRA have both faced a Senate estimates grilling after nine consecutive rate hikes. The ASX is falling. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
  
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• Live: ASX set to edge higher, US inflation up 6.4 per cent, Wall Street stocks waver

  14-02-2023 21:02 via abc.net.au
  
  US annual inflation comes in at 6.4 per cent, sending the Dow down as ASX investors await key earnings from CBA, Wesfarmers and others. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: ASX set to edge higher, CBA's bumper profit, US inflation up 6.4 per cent, Wall Street stocks waver

  14-02-2023 21:02 via abc.net.au
  
  CBA's big half year as rates rise, and the ASX is expected to edge higher. US annual inflation comes in at 6.4 per cent, sending the Dow down. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
  
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• Banks smashed in ASX fall as Lowe doubles down on rate hikes; 'Twiggy' Forrest slams climate denying politicians

  14-02-2023 21:02 via abc.net.au
  
  Bank shares are smashed as RBA governor Philip Lowe doubles down on the urgent need for rate rises to quash inflation, while Andrew Forrest urges climate change deniers to be removed from any positions of influence.
  
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• Kimberley families still in limbo nearly 12 months after funeral insurance fund collapse

  14-02-2023 21:01 via abc.net.au
  
  Indigenous Kimberley residents impacted by funeral insurance fund Youpla going into administration are continuing their fight for compensation.
  
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• 'A great Australian shame': Carers struggling to meet cost of living demands

  14-02-2023 20:11 via abc.net.au
  
  The payment and allowances for carers has not increased in nearly a decade and advocates say it is pushing already exhausted carers into more stress and poverty.
  
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• Residents 'flabbergasted' as council rates increase by more than 100 per cent over two years

  14-02-2023 19:52 via abc.net.au
  
  Households and businesses in regional New South Wales are facing "astonishing" rates rises of more than 100 per cent over two years, just to maintain existing local government services.
  
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• Cynthia moved to the country for cheaper housing. She didn't expect a 104 per cent rates increase in the space of two years

  14-02-2023 19:52 via abc.net.au
  
  Households and businesses in regional New South Wales are facing "astonishing" rates rises of more than 100 per cent over two years, just to maintain existing local government services.
  
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• Cynthia moved to the country for cheaper housing. She didn't expect a 104 per cent rates increase

  14-02-2023 19:52 via abc.net.au
  
  Households and businesses in regional New South Wales are facing "astonishing" rates rises of more than 100 per cent, just to maintain existing local government services.
  
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• Copping fines for unapproved land clearing seen as 'cost of doing business' for developers, ex-regulator says

  14-02-2023 19:52 via abc.net.au
  
  Tasmania's former forests regulator says penalties for unapproved land clearing are often just seen as "the cost of doing business" for private landowners.
  
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• Claims land clearing fines often seen as 'cost of doing business'

  14-02-2023 19:52 via abc.net.au
  
  Tasmania's former forests regulator says penalties for unapproved land clearing are often just seen as "the cost of doing business" for private landowners.
  
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• Why 1 million mortgage-paying households could be forced to cut back

  14-02-2023 18:53 via abc.net.au
  
   A prominent economist now puts the risk of recession at 50 per cent, as households face the prospect of making substantial spending cuts to meet rising home loan repayments.
  
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• The massive million-household problem confronting Australia's economy

  14-02-2023 18:53 via abc.net.au
  
   A prominent economist now puts the risk of recession at 50 per cent, as households face the prospect of making substantial spending cuts to meet rising home loan repayments.
  
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• Greens offer support for key climate laws with a single change: no new coal or gas

  14-02-2023 18:26 via abc.net.au
  
  The Greens say they are prepared to "live with" concerns over the government's signature plan to reduce emissions if new coal and gas projects are blocked from development.
  
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• Tax officials raid BBC offices in India following controversy over Modi documentary

  14-02-2023 11:19 via abc.net.au
  
  The British broadcaster says Income Tax Authorities are at BBC offices in New Delhi and Mumbai, weeks after the BBC aired a documentary critical of Narendra Modi's role in the 2002 Gujarat riots.
  
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• Ford set to slash 3,800 jobs in Europe as it pivots to electric vehicles

  14-02-2023 10:57 via abc.net.au
  
  Ford says it plans to cut 3,800 product development and administration jobs in Europe in the next three years, citing rising costs, the need for a leaner structure and changing demands as it shifts to electric vehicles.
  
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• Forrest, Stokes in truck deal battle

  14-02-2023 10:19 via businessnews.com.au
  
  Just in: Fortescue choosing German giant Liebherr rather than Westrac for a contract has caused a souring of relations with Seven Group, FMG chair Andrew Forrest has told staff.
  
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• Victorian paper producing plant to close with loss of up to 200 jobs

  14-02-2023 09:21 via abc.net.au
  
  Australia's last white paper manufacturer will permanently close after months of speculation about the company's future. 
  
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• At Close of Business 14 February 2023

  14-02-2023 09:09 via businessnews.com.au
  
  Matt Mckenzie interviews Mark Beyer about his latest article on royalty payments. Plus: Metro Homes, City of Perth and rare earths.
  
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• Perth Airport numbers surge

  14-02-2023 09:06 via businessnews.com.au
  
  Perth Airport is on track to record a bumper year for passengers with 6.83 million using the airport to December 31, 2022.
  If the trend continues the FY2023 total will nudge 14 million passengers, just behind the peak of 2014, of 14.9 million.
  
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• BHP, Aquila in Pilbara boundaries clash

  14-02-2023 09:06 via businessnews.com.au
  
  BHP Minerals has lost an appeal over a Supreme Court ruling relating to boundaries covered by mining leases for iron ore tenements in the Pilbara.
  
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• Plans for major prawn farm on remote WA/NT cattle station dead in the water

  14-02-2023 09:03 via abc.net.au
  
  It could have been one of the world's largest prawn farms, but administrators have been called in to wind up Project Sea Dragon on the NT/WA border.
  
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• Plans for major prawn farm on remote Kimberley cattle station dead in the water

  14-02-2023 09:03 via abc.net.au
  
  It could have been one of the world's largest prawn farms, but administrators have been called in to wind up Project Sea Dragon on the NT/WA border.
  
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• WA government offers $19.5 million bail out of Collie coal mine

  14-02-2023 08:26 via abc.net.au
  
  The WA government says it has offered a struggling overseas-owned coal miner almost $20 million dollars to continue operations in a bid to protect the state's electricity supply.
  
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• Seafarms project to fold

  14-02-2023 08:14 via businessnews.com.au
  
  Seafarms Group is preparing to place its failed aquaculture development Project Sea Dragon into administration weeks after losing a $13.9 million contract dispute.
  
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• Seafarms project going into administration

  14-02-2023 08:14 via businessnews.com.au
  
  Seafarms Group is preparing to place its struggling aquaculture development Project Sea Dragon into administration weeks after losing a $13.9 million contract dispute.
  
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• Tensions erupt over $200m parking stash

  14-02-2023 08:05 via businessnews.com.au
  
  Hostilities have flared yet again between the state government and City of Perth after the transport minister today flagged major changes to the remit of Perth’s parking levy.
  
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• Australian shares inch higher ahead of US CPI data

  14-02-2023 08:00 via businessnews.com.au
  
  The Australian share market has finished up 0.2 per cent ahead of the release of another inflation readout in the US.
  
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• Simich joins Balkan Mining board

  14-02-2023 07:38 via businessnews.com.au
  
  Karl Simich has joined the board of Subiaco-based Balkan Mining and Minerals after stepping down from 15-years at the helm of Sandfire Resources.
  
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• Has the NT's controversial infrastructure hub at Middle Arm found its first tenant?

  14-02-2023 07:31 via abc.net.au
  
  Tivan appears to be the first company to publicly state its intention to be a tenant of the controversial Middle Arm Sustainable Development Precinct. 
  
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• Portacom history hard to calculate

  14-02-2023 07:00 via businessnews.com.au
  
  Inventor-turned-retailer Neil Hancock has been in business for virtually the entirety of the portable computing era.
  
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• Cunningham exits CPS

  14-02-2023 06:59 via businessnews.com.au
  
  Stockbroker and investment banker Tony Cunningham is departing CPS Capital, the firm he started more than 21 years ago, to join another boutique firm Barclay Wells.
  
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• Metro Homes owed $1.4m

  14-02-2023 06:52 via businessnews.com.au
  
  More details have emerged about the causes behind the administration of Metro Homes WA (Hamlen Homes), which collapsed yesterday owing $1.4 million.
  
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• Seven West profits drop despite digital growth

  14-02-2023 06:34 via businessnews.com.au
  
  Media conglomerate Seven West will not pay out a dividend after a decrease in half-yearly earnings, despite strong digital growth.
  
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• Zempilas readies for October poll

  14-02-2023 06:00 via businessnews.com.au
  
  Political ambitions aside, Basil Zempilas remains firmly fixated on winning a second term as Perth’s lord mayor.
  
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• Pastoralists 'blindsided' by firearms act re-write after weapons cache discovery

  14-02-2023 05:57 via abc.net.au
  
  The WA government and police say the discovery of a suburban weapons cache highlights the need for reform, but pastoralists and farmers are sceptical.
  
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• 'Infected by apprehended bias': Scott Morrison's NSW gas licence decision quashed by court

  14-02-2023 05:05 via abc.net.au
  
  A Federal Court judge quashes the former prime minister's call to reject an exploration licence off the NSW coast, finding it might have been made when his mind was "closed to persuasion".
  
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• Lynas boss "disappointed' over licence conditions

  14-02-2023 05:04 via businessnews.com.au
  
  Lynas Rare Earths’ leader has expressed her “disappointment” over persistent conditions in the company’s Malaysian licence which could force the closure of part of its processing operations.
  
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• Take a look at the start of the Brisbane Metro tunnel designed to end traffic chaos in the CBD

  14-02-2023 05:03 via abc.net.au
  
  Starting underneath Adelaide Street at the Brisbane Square library and eventually passing just metres from blissfully unaware drinkers at the Criterion pub, the next stage of tunnelling works for Brisbane Metro is underway.
  
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• Court overturns Morrison’s gas permit refusal

  14-02-2023 04:54 via businessnews.com.au
  
  A Perth-based gas explorer has succeeded in challenging Scott Morrison’s decision with the federal court overruling the former Prime Minister’s refusal to extend its permit.
  
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• Local leisure tech hopeful closes doors

  14-02-2023 04:38 via businessnews.com.au
  
  Perth travel and leisure tech startup Quipmo has closed its doors after six years in operation pointing to a lack of early-stage investment in Australia.
  
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• Australia's sheep flock grows by 15 million, offering improved export opportunities

  14-02-2023 04:34 via abc.net.au
  
  Move over New Zealand, Australian sheep could be widening the export market gap if our numbers for 2023 are anything to go by.
  
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• Climate protesters avoid having to pay police compensation over Burrup Peninsula blockade

  14-02-2023 04:16 via abc.net.au
  
  Two climate protesters in WA's north avoid having to pay police more than $33,000 in compensation after they were found guilty of blocking access to the country's biggest LNG in November 2021.
  
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• ARTS REVIEW: Matters of the heart dance on Quarry stage

  14-02-2023 04:00 via businessnews.com.au
  
  ‘IN Cognito’ delivers four heartfelt works to the Quarry stage, from a company at the top of its game, says Kim Balfour.
  
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