Analyst news

• Retail theft hits record levels, hitting the share price of supermarket giants, but ASX200 closes slightly higher - as it happened

  01-03-2023 22:34 via abc.net.au
  
  Retail theft hits record levels, hitting the share price of supermarket giants, but ASX200 closes slightly higher - as it happened
  
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• Live: Stubborn German inflation sends fresh rate rise scare through markets

  01-03-2023 22:34 via abc.net.au
  
  A surprisingly strong German inflation figure and stubborn US price pressures raise interest rate expectations again, leading to modest falls for shares in Europe and on Wall Street. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: Retail theft hits record levels as inflation soars and wages deteriorate, hitting the share price of supermarket giants

  01-03-2023 22:34 via abc.net.au
  
  Retail theft has hit record levels as inflation soars and real wages deteriorate, hitting the share price of supermarket giants, as the ASX slips into negative territory. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• One reason Australian wages are depressed? Formidable employer power

  01-03-2023 21:54 via abc.net.au
  
  Dominant employers are preventing wages growing more quickly in Australia, according to a new Treasury paper.
  
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• Ray is trying to give banks money. They don't want it

  01-03-2023 20:06 via abc.net.au
  
  Despite soaring profits for Australia's big four banks, that number in the billions, almost one-in-three of their branches have closed in the past five years and now a parliamentary committee is examining the impact of those closures, especially on regional centres.
  
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• Ray has changed banks four times in less than a year — and not by choice

  01-03-2023 20:06 via abc.net.au
  
  Despite soaring profits for Australia's big four banks, that number in the billions, almost one-in-three of their branches have closed in the past five years and now a parliamentary committee is examining the impact of those closures, especially on regional centres.
  
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• Small businesses could soon be legally obligated to protect your personal details

  01-03-2023 19:52 via abc.net.au
  
  Small businesses with an annual turnover of $3 million or less could soon have to comply with the Privacy Act after a wide-ranging review by the Attorney General's Department. 
  
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• Daily letter deliveries in the firing line as part of new Australia Post review

  01-03-2023 14:04 via abc.net.au
  
  Australia Post's weekday letter-delivery obligations are "no longer financially sustainable" and need to be reviewed, according to a new consultation paper released as part of a federal government review of the postal service.
  
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• Defiant Wilkinson lays out defamation defence

  01-03-2023 13:45 via abc.net.au
  
  Journalist Lisa Wilkinson will rely on qualified privilege to defend herself in a defamation case brought by former Liberal staffer Bruce Lehrmann.
  
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• ANZ bank apologises after customers' personal information found in Perth skip bin

  01-03-2023 10:26 via abc.net.au
  
  One of Australia's biggest banks investigates after customers' personal data is discovered "floating down the street" after being dumped in a skip. 
  
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• At Close of Business 1 March 2023

  01-03-2023 09:08 via businessnews.com.au
  
  Liv Declerk speaks with senior journalist Matt Mckenzie about some of the workforce constraints facing the state's aged care providers.
  
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• Fyfe to give RAAFA plans wings

  01-03-2023 09:06 via businessnews.com.au
  
  Former ambulance chief to pilot veterans’ organisation expansion.
  
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• Seeking sustainable solutions

  01-03-2023 09:04 via businessnews.com.au
  
  A constrained workforce and shortage of funding have aged care providers concerned ahead of sector reform.
  
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• ASX closes down slightly as market digests data

  01-03-2023 09:02 via businessnews.com.au
  
  The local share market has finished down 0.1 per cent after being in and out of positive territory on a day marked by the release of GDP and inflation figures.
  
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• NT government denies Beetaloo Basin gas plans in doubt without federal support for offsets promise

  01-03-2023 08:58 via abc.net.au
  
  No federal support is on the table for Territory Labor's promise to ensure that all Beetaloo Basin emissions are offset, as the territory cabinet weighs its decision on whether to allow full-scale fracking to go ahead.
  
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• 'Nightmare is an understatement': BGC pauses new home build orders as WA premier denies blame for overheated market

  01-03-2023 08:55 via abc.net.au
  
  Mark McGowan refuses to concede his government's pandemic home stimulus grants overheated WA's housing market, as thousands struggle to get new home builds finished. 
  
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• ‘Nightmare’ construction problems reach boiling point in the west, as homeowners consider legal action

  01-03-2023 08:55 via abc.net.au
  
  Mark McGowan refuses to concede his government's pandemic home stimulus grants overheated WA's housing market, as thousands struggle to get new home builds finished. 
  
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• Perth lags on urban infill

  01-03-2023 08:48 via businessnews.com.au
  
  Net infill rates for the Perth metropolitan and Peel regions have been going backwards since 2018, new research has shown, amid a pressing housing shortage in the state.
  
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• Josie's aged care home told her it was about to close, just three weeks after letting her move in

  01-03-2023 08:48 via abc.net.au
  
  More than 40 aged care residents at Feros Care village in Byron Bay are in a state of shock, after being told they will need to find a new home to make way for an ""intergenerational community centre".
  
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• Contractors target pick of projects

  01-03-2023 08:44 via businessnews.com.au
  
  There are plenty of positives for energy contractors.
  
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• Legal action launched against Queensland mine operator after allegations of fake coal quality reports

  01-03-2023 08:38 via abc.net.au
  
  In a national first, the corporate watchdog will take Queensland's Terracom, and four senior company figures at the time, to court for conduct it alleges harmed a whistleblower.
  
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• Cottesloe Lamonts building sells for $3m

  01-03-2023 08:38 via businessnews.com.au
  
  The building housing the historic wine store has sold to local investors in an off-market deal.
  
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• Billions on tap in Perth Basin

  01-03-2023 08:37 via businessnews.com.au
  
  Billions of dollars of investment could be in the pipeline for Perth Basin as the state faces a crippling gas shortage within a decade.
  
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• Working group formed to assess building reforms

  01-03-2023 08:23 via businessnews.com.au
  
  Master Builders Association of WA and the state government have joined forces to establish a joint industry working group to examine recommendations in the peak body’s reform report.
  
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• Zempilas cries foul over Causeway sod-turning event

  01-03-2023 07:42 via businessnews.com.au
  
  A joint federal and state government event to mark the beginning of a Perth City Deal project has been overshadowed by complaints from Lord Mayor Basil Zempilas.
  
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• Matrix to raise $20m

  01-03-2023 07:40 via businessnews.com.au
  
  Matrix Composites and Engineering is set to raise $20 million to execute its pipeline of contracts and secure future opportunities.
  
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• Relegation fears a motivator

  01-03-2023 07:00 via businessnews.com.au
  
  University mergers could be back on the table in WA as another state takes firm steps towards amalgamating two of its biggest institutions.
  
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• Inquiry calls amid builder crisis

  01-03-2023 07:00 via businessnews.com.au
  
  From surging home starts to escalating complaints, Business News shines a light on challenging times for homebuilding customers.
  
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• First-half profit surge for Duratec

  01-03-2023 06:49 via businessnews.com.au
  
  Engineering and remediation company Duratec has lifted profit by 981 per cent in the first half of the financial year.
  
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• Duratec surges profit in first-half

  01-03-2023 06:49 via businessnews.com.au
  
  Engineering and remediation company Duratec has skyrocketed its profit by 981 per cent in the first half of the financial year.
  
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• Three unpublicised data breaches affected millions of Australians' personal details, new report says

  01-03-2023 06:23 via abc.net.au
  
  Millions of Australians' personal details have been compromised by unpublicised data breaches – separate from the Optus and Medibank hacks – according to figures released by the national information watchdog today.
  
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• Three unpublicised data breaches affected millions of Australians' personal details, according to watchdog

  01-03-2023 06:23 via abc.net.au
  
  Millions of Australians' personal details have been compromised by unpublicised data breaches – separate from the Optus and Medibank hacks – according to figures released by the national information watchdog today.
  
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• Data breaches affecting millions of Australians are on the rise, Information Commissioner says

  01-03-2023 06:23 via abc.net.au
  
  Millions of Australians' personal details have been compromised by unpublicised data breaches – separate from the Optus and Medibank hacks – according to figures released by the national information watchdog today.
  
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• Valor nears Peru project approval

  01-03-2023 05:33 via businessnews.com.au
  
  Exploration company Valor Resources is one step closer to commencing maiden drilling at its copper and silver project in Peru after securing environmental approval.
  
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• Navitas takes stake in three colleges

  01-03-2023 05:00 via businessnews.com.au
  
  Navitas will pick up an interest in several colleges offering university pathways to international students across Australia and New Zealand from UK-based Study Group.
  
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• How farmers and supermarkets will deal with collapse of national freight carrier

  01-03-2023 05:00 via abc.net.au
  
  A major supermarket is providing financial support to affected workers after the collapse of a trucking company, but farmers are concerned about how much stock will be lost.
  
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• BGC capped sales in June

  01-03-2023 04:51 via businessnews.com.au
  
  A huge WA home builder has had significant sales caps in place since June 2022, while the state government says it will consult on reform options for the construction industry.
  
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• 'Entirely reasonable' to spend money from super tax changes on expanding parental leave, crossbenchers say

  01-03-2023 04:06 via abc.net.au
  
  Crossbenchers say the treasurer should "absolutely" use some of the cash recouped from proposed super changes to pay superannuation on Commonwealth Paid Parental Leave, arguing it could rectify the current "glaring gap" in support for new parents.
  
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• Crossbenchers pressure government to use super tax revenue to expand Paid Parental Leave scheme

  01-03-2023 04:06 via abc.net.au
  
  Crossbenchers say the treasurer should "absolutely" use some of the cash recouped from proposed super changes to pay superannuation on Commonwealth Paid Parental Leave, arguing it could rectify the current "glaring gap" in support for new parents.
  
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• Contractor charged with industrial manslaughter after worker falls three metres at Darwin construction site

  01-03-2023 03:36 via abc.net.au
  
  It is the second time the Northern Territory's worker safety watchdog has charged an entity with industrial manslaughter, and follows the death of a 60-year-old worker at a Darwin construction site.
  
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• WA households resilient to rate hikes

  01-03-2023 03:35 via businessnews.com.au
  
  Household spending rose 1.6 per cent in Western Australia in the year to December, but the state’s economy overall barely grew.
  
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• WA households resilient as rates rise

  01-03-2023 03:35 via businessnews.com.au
  
  Household spending rose 1.6 per cent in Western Australia in the year to December, but the state’s economy overall barely grew.
  
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• Towards 2000's Jeff Watson dies aged 80

  01-03-2023 02:46 via abc.net.au
  
  Veteran journalist and presenter Jeff Watson, the man who helped pioneer popular science television in Australia with Towards 2000, dies aged 80 after being diagnosed with brain cancer in 2018.
  
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• Towards 2000 Jeff Watson dies aged 80

  01-03-2023 02:46 via abc.net.au
  
  Veteran journalist and presenter Jeff Watson, the man who helped pioneer popular science television in Australia with Towards 2000, dies aged 80 after being diagnosed with brain cancer in 2018.
  
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• Mining town considers developing council land to address growing housing crisis

  01-03-2023 02:42 via abc.net.au
  
  A WA mayor says his community can not rely on state government land releases as a resources boom puts more pressure on already stretched housing stock.
  
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• Treasurer defends blocking Chinese minerals investment

  01-03-2023 02:32 via businessnews.com.au
  
  Treasurer Jim Chalmers has blocked a Chinese investment fund from increasing its stake in a rare-earth company on national security grounds.
  
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• David Cox is a third-generation mechanic. This week he was forced to shut his business's doors

  01-03-2023 01:53 via abc.net.au
  
  A long-running family business on the Sunshine Coast has shut its doors for good, with the owner blaming a lack of affordable rental options. 
  
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• Households shrug off rate hikes

  01-03-2023 01:46 via businessnews.com.au
  
  The state’s economy grew 0.6 per cent in the December quarter, showing signs that the impact of rapidly rising interest rates are not yet being broadly felt.
  
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• 'People are starting to run out of money': Businesses brace for downturn as GDP numbers show rate hikes biting

  01-03-2023 01:37 via abc.net.au
  
  Australia's economy grew 0.5 per cent in the final three months of 2022, well below most economists' forecasts.
  
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• Australia's economy grows 0.5pc at end of 2022, below expectations

  01-03-2023 01:37 via abc.net.au
  
  Australia's economy grew 0.5 per cent in the final three months of 2022, well below most economists' forecasts.
  
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