Analyst news

• Gabba rebuild's $1.7b cost blowout confirmed as plans for more Brisbane Olympics venues revealed

  16-02-2023 23:41 via abc.net.au
  
  The Queensland and federal governments have reached a $7 billion funding agreement for an overhaul of Brisbane's sporting and event venues ahead of the 2032 Olympics, including rebuilding the Gabba.
  
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• Gabba rebuild locked in, plans for more inner-city Brisbane Olympics venues revealed

  16-02-2023 23:41 via abc.net.au
  
  The Queensland and federal governments have reached a $7 billion funding agreement for an overhaul of Brisbane's sporting and event venues ahead of the 2032 Olympics, including rebuilding the Gabba.
  
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• Gabba rebuild $1.7b cost blowout confirmed as plans for more Brisbane Olympics venues revealed

  16-02-2023 23:41 via abc.net.au
  
  The Queensland and federal governments have reached a $7 billion funding agreement for an overhaul of Brisbane's sporting and event venues ahead of the 2032 Olympics, including rebuilding the Gabba.
  
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• Plant-based meat manufacturer that supplies fast-food giant and major supermarkets set to close $20m factory

  16-02-2023 23:17 via abc.net.au
  
  It's understood the company, which makes products for supermarkets and a national fast food chain, will tell the few remaining staff at its Wodonga plant of their future in "coming weeks".
  
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• Live: ASX tipped to open higher, Reserve Bank governor faces second grilling

  16-02-2023 21:40 via abc.net.au
  
  The ASX200 is tipped to open slightly higher this morning, and RBA governor Philip Lowe prepares to front a second hearing in Canberra
  
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• Live: ASX down 0.8 per cent, Reserve Bank governor wraps up second hearing

  16-02-2023 21:40 via abc.net.au
  
  The ASX200 has lost ground today, and RBA governor Philip Lowe has faced a second hearing in Canberra
  
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• Live: ASX down 0.5 per cent, Reserve Bank governor faces second grilling

  16-02-2023 21:40 via abc.net.au
  
  The ASX200 has lost ground this morning, and RBA governor Philip Lowe is facing a second hearing in Canberra
  
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• ASX sheds 0.8 per cent, Reserve Bank governor wraps up second hearing

  16-02-2023 21:40 via abc.net.au
  
  The ASX200 drops 1.2 per cent over the week, and RBA governor Philip Lowe faces second hearing in Canberra
  
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• Bowls club lease opposition grows as Brisbane mayor lauds new deal for site

  16-02-2023 20:03 via abc.net.au
  
  There are 900 signatures on a petition asking Brisbane City Council to return a Stafford site to community control as the Lord Mayor blames the Labor Opposition for a "dishonest" campaign.
  
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• 'Total' household energy costs soar up to 113 per cent as full toll of global crisis revealed

  16-02-2023 19:50 via abc.net.au
  
  Up to 140 million extra people could be tipped into extreme poverty worldwide by an energy crisis that has sent prices soaring more than 100 per cent for many households, a report finds.
  
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• Tens of millions more people to be plunged into extreme poverty due to rising energy costs, report finds

  16-02-2023 19:50 via abc.net.au
  
  Up to 140 million extra people could be tipped into extreme poverty worldwide by an energy crisis that has sent prices soaring more than 100 per cent for many households, a report finds.
  
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• Imprisoned for months, Wasantha was terrified of torture. One thing made his captors too afraid to touch him

  16-02-2023 18:57 via abc.net.au
  
  This 29-year-old spearheaded a protest movement that toppled Sri Lanka's government. But after his triumphant moment, Wasantha was taken into a feared detention system where prisoners have been tortured and killed.
  
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• 'He takes his pistol out and changes the bullets': Inside one of Sri Lanka's feared prisons

  16-02-2023 18:57 via abc.net.au
  
  This 29-year-old spearheaded a protest movement that toppled Sri Lanka's government. But after his triumphant moment, Wasantha was taken into a feared detention system where prisoners have been tortured and killed.
  
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• Banks smashed up, set alight as Lebanese demonstrators protest withdrawal limits

  16-02-2023 15:05 via abc.net.au
  
  The protests come following years of informal restrictions on the Lebanese pound as the country's financial sector implodes. 
  
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• 'A black and white lie': Gas giant Santos accused of cover-up over oil spill, marine deaths off West Australian coast

  16-02-2023 10:04 via abc.net.au
  
  A former Santos employee accuses the oil and gas company of covering up the severity of an oil spill he alleges killed dolphins off WA's coast.
  
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• 'A black and white lie': Gas giant Santos accused of cover-up over oil spill, marine deaths off WA coast

  16-02-2023 10:04 via abc.net.au
  
  A former Santos employee accuses the Australian oil and gas company of covering up the extent of an oil spill believed to have killed dolphins off the WA coast.
  
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• At Close Of Business 16 February 2023

  16-02-2023 09:01 via businessnews.com.au
  
  Matt Mckenzie and Jordan Murray discuss the impact of nine rate rises and the level of WA homeowners behind on mortgages.
  
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• Tide turning in Cottesloe

  16-02-2023 08:55 via businessnews.com.au
  
  Losing a seat in a costly by-election is an unforced error the Liberals can ill afford.
  
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• Australian Unity buys $13.5m in WA childcare

  16-02-2023 08:38 via businessnews.com.au
  
  Australian Unity has bought two childcare centres for a combined $13.5 million, including one of the single largest childcare centre transactions in the state.
  
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• Australian shares gain on sign of cooling labour market

  16-02-2023 08:37 via businessnews.com.au
  
  A blockbuster US retail sales report for January and a surprise increase in Australian jobless claims have pushed Australian stocks 0.8 per cent higher.
  
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• Unemployment rate rises in January

  16-02-2023 08:36 via businessnews.com.au
  
  Western Australia’s unemployment rate has risen one percentage point to 3.6 per cent in January, according to data released today by the Australian Bureau of Statistics.
  
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• Albemarle triples net sales

  16-02-2023 08:08 via businessnews.com.au
  
  Leading lithium producer Albemarle has skyrocketed its fourth quarter net sales by 193 per cent after hiking the price and production of lithium.
  
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• Two dead in Dugald River mine incident

  16-02-2023 08:05 via businessnews.com.au
  
  Perenti has confirmed that two of its employees, previously missing Barminco miners, have been killed after an incident at the Dugald River Underground mine in Queensland.
  
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• Rate hikes hitting homeowners

  16-02-2023 08:03 via businessnews.com.au
  
  Business News gauges the impact of rising interest rates in part one of a series revealing the pressures on borrowers and builders.
  
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• Missing miners confirmed dead after plunge into pit at Queensland mine

  16-02-2023 07:56 via abc.net.au
  
  The two miners reported missing after an incident at Dugald River on Wednesday have been found dead after an extensive search and rescue operation.
  
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• Goldminer subsidiary sued over $1.9m invoice

  16-02-2023 07:34 via businessnews.com.au
  
  A Cottesloe-based contractor is taking legal action against a subsidiary of goldminer Superior Gold chasing payment for $1.9 million worth of haulage and loading work it claims to be owed.
  
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• Reports of price gouging as accommodation shortage threatens future of major events in regional NSW

  16-02-2023 07:33 via abc.net.au
  
  "I didn't want to stay in a tent, so I cancelled," says one mum, who pulled the plug on a trip to Wagga Wagga this month, as large events stretch short stay options in regional centres.
  
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• Almond milk recalled in NSW after link to botulism poisoning

  16-02-2023 06:57 via abc.net.au
  
  NSW Health says initial investigations confirm the presence of botulinum toxin in a sample of Inside Out Unsweetened Almond Milk with a use-by date of March 1.
  
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• NRW boosts revenue despite "challenging" market

  16-02-2023 06:49 via businessnews.com.au
  
  NRW Holdings has lifted its first half revenue by 15 per cent after overcoming “challenging market conditions” but has recorded a drop in its cash balance.
  
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• This $4m property listing shows a rust-free roof and well-maintained gardens. Reality paints a different picture

  16-02-2023 06:24 via abc.net.au
  
  From swapping in a blue, cloudless sky to making the grass a little — or a lot — greener, the use of selective photo magic to make real estate ads more appealing is not new — but this $4 million "renovator's dream" got the full treatment.
  
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• Listing for $4m house looks nothing like actual property, with entire exterior 'digitally enhanced'

  16-02-2023 06:24 via abc.net.au
  
  From swapping in a blue, cloudless sky to making the grass a little — or a lot — greener, the use of selective photo magic to make real estate ads more appealing is not new — but this $4 million "renovator's dream" got the full treatment.
  
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• Record crop for WA grain, CBH says

  16-02-2023 06:23 via businessnews.com.au
  
  The country’s largest grain handler has called an end to the harvesting period, with Western Australia delivering a record 22.7 million tonnes of crop into the network.
  
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• Maryvale paper mill workers who thought they had work for life stressed and angry over job losses

  16-02-2023 05:20 via abc.net.au
  
  Workers at the Maryvale Mill thought they were set for life when they walked through the gates for the first time, but at least 150 are now facing redundancies.
  
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• WACA pool allocated parking levy funds

  16-02-2023 05:00 via businessnews.com.au
  
  Money raised via the Perth Parking Levy was conditionally approved for the WACA aquatic facility more than a year before the state government flagged changes to the fee's legislated purpose.
  
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• Westpac postpones regional bank branch closures ahead of Senate inquiry

  16-02-2023 04:53 via abc.net.au
  
  Westpac says the closure of eight of its branches will be put on hold ahead of a federal probe into the economic and social impacts of branch closures outside major capitals.
  
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• Five-year-old's death at creek crossing prompts road fix after decades of lobbying by community

  16-02-2023 04:10 via abc.net.au
  
  Locals have known the causeway on McGrane Way in central-west NSW was dangerous for decades. Last year, it claimed the life of a child during record floods.
  
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• Five-year-old's creek crossing death finally prompts action after decades of lobbying by community

  16-02-2023 04:10 via abc.net.au
  
  Locals have known the causeway on McGrane Way in central-west NSW was dangerous for decades. Last year, it claimed the life of a child during record floods.
  
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• Working from home? The rules on how much and what you can claim on tax are changing

  16-02-2023 04:06 via abc.net.au
  
  A proposed change to the way Australians claim back tax deductions for working from home could mean some lose out on more than $1,300 a year, according to tax agents H&R Block.
  
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• NSW lead and silver mine would 'destroy' health 'for the sake of a few jobs', inquiry told

  16-02-2023 03:58 via abc.net.au
  
  Permitting a silver, zinc and lead mine would endanger the health of nearby school children and infiltrate the local food system, a GP has told the Independent Planning Commission.
  
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• More factory closures expected as Australian milk production continues to slide

  16-02-2023 02:50 via abc.net.au
  
  In a sign of the times for the dairy industry, as one milk factory closes, another is expanding.
  
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• Desperate rescue operation under way for missing miners

  16-02-2023 02:40 via businessnews.com.au
  
  Recovery crews have been working through the night to access the location where two miners are believed trapped after a collapse at a north Queensland mine.
  
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• Newcrest rejects takeover, gifts golden dividend

  16-02-2023 02:23 via businessnews.com.au
  
  Gold miner Newcrest has rejected a takeover bid from US giant Newmont, instead rewarding shareholders with a massive dividend.
  
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• Unemployment rate jumps from 3.5 per cent to 3.7 per cent

  16-02-2023 01:56 via abc.net.au
  
  Australia's unemployment rate increases over the summer break, lifting from 3.5 per cent to 3.7 per cent in January's figures.
  
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• The unemployment rate jumps from 3.5 per cent to 3.7 per cent

  16-02-2023 01:56 via abc.net.au
  
  The unemployment rate increases over the summer break, lifting from 3.5 per cent to 3.7 per cent in January's figures.
  
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• Business conditions eased in January, survey indicates

  16-02-2023 01:54 via businessnews.com.au
  
  The average value of invoices between businesses in January fell to its lowest level since 2015, while trade payment defaults have been trending upward.
  
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• SRG snaps up ALS offshoot for $80m

  16-02-2023 01:52 via businessnews.com.au
  
  Engineering services firm SRG Global is set to buy ALS subsidiary Asset Care for $80 million by raising $51 million in new equity, as it reports an upswing in half-yearly revenue and profit.
  
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• Hyundai, Kia update security after TikTok challenge car thefts

  16-02-2023 01:51 via abc.net.au
  
  Hyundai and Kia roll out software updates to stem a raft of auto thefts related to a TikTok challenge that authorities believe has led to at least eight fatalities.
  
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• Hyundai, Kia update security after TikTok challenge

  16-02-2023 01:51 via abc.net.au
  
  Hyundai and Kia roll out software updates to stem a raft of auto thefts related to a TikTok challenge that authorities believe has led to at least eight fatalities.
  
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