Analyst news

• Live: Wall St finishes flat as Fed surprises no-one with interest rate rise, ASX to follow

  26-07-2023 23:41 via abc.net.au
  
  US stocks finish flat as the Federal Reserve hikes interest rates to a 22-year high. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: Fed 'prepared to raise further' as rates hit 22-year high, ASX up in early trade

  26-07-2023 23:41 via abc.net.au
  
  The ASX has set a 100-day high as the market continues to digest yesterday's better than expected inflation numbers, while in the US, stocks finished flat as the Federal Reserve hikes interest rates to a 22-year high. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: Fed 'prepared to raise further' as rates hit 22-year high, ASX set for flat start

  26-07-2023 23:41 via abc.net.au
  
  US stocks finish flat as the Federal Reserve hikes interest rates to a 22-year high. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: ASX at five-month high, Fed raises rates as expected, EY staff bullied and overworked

  26-07-2023 23:41 via abc.net.au
  
  The ASX has set a 100-day high as the market continues to digest yesterday's better-than-expected inflation numbers, while in the US, stocks finished flat as the Federal Reserve hikes interest rates to a 22-year high. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• ASX at five-month high, Fed raises rates as expected, EY staff bullied and overworked — as it happened

  26-07-2023 23:41 via abc.net.au
  
  The ASX set a 100-day high, after the Federal Reserve hiked interest rates to a 22-year high.
  
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• China hungry for cheap Australian goat meat, but oversupply leaves sour taste for farmers

  26-07-2023 22:39 via abc.net.au
  
  China is stocking up on Australian goat meat, which is now selling for less than $3 a kilogram — down from $9 a year ago. But that's not all farmers are frustrated about.
  
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• Looking to buy a used EV? Here's why they're expensive – and when they'll be more affordable

  26-07-2023 22:00 via abc.net.au
  
  If you're looking to buy a second-hand EV, there's good news: they're getting cheaper. Here's when, and how far, prices are expected to fall.
  
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• As EVs take over, the resale value of petrol and diesel cars is set to fall. Here's when it will hit

  26-07-2023 22:00 via abc.net.au
  
  If you're looking to buy a second-hand EV, there's good news: they're getting cheaper. Here's when, and how far, prices are expected to fall.
  
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• Imagine getting a bill and not being able to read it. That's the reality for thousands of Australians like Ria

  26-07-2023 21:53 via abc.net.au
  
  Many Australian utility companies don't provide bills in accessible formats, and Australia's laws make it difficult to force them to.
  
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• A 'serious disadvantage': Thousands of Australians like Ria are sent utility bills they cannot read

  26-07-2023 21:53 via abc.net.au
  
  Many Australian utility companies don't provide bills in accessible formats, and Australia's laws make it difficult to force them to.
  
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• 'Children were screaming, 'Mummy I don't want to die': How fire turned this Greek paradise into hell

  26-07-2023 21:30 via abc.net.au
  
  Every European summer, millions of tourists descend on Greece to island-hop. But this year, a raging fire sent thousands running for their lives. 
  
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• As the fire advanced, Kyriakos fled to a Greek beach. There, he was met with apocalyptic scenes

  26-07-2023 21:30 via abc.net.au
  
  Every European summer, millions of tourists descend on Greece to island-hop. But this year, a raging fire sent thousands running for their lives. 
  
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• Building giant tells buyers to pay hundreds of thousands extra or lose homes and deposits

  26-07-2023 21:26 via abc.net.au
  
  Metricon, the biggest home builder in the country, has told some customers to pay painfully higher prices or risk losing their new homes and deposits in a contract nightmare affecting home owners.
  
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• Australia's biggest home builder tells some customers to pay higher prices or risk losing their new homes and deposits

  26-07-2023 21:26 via abc.net.au
  
  Metricon, the biggest builder in the country, has told some customers to pay painfully higher prices or risk losing their new homes and deposits in a contract nightmare affecting home owners.
  
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• Australia's biggest builder tells some customers to pay higher prices or risk losing their new homes and deposits

  26-07-2023 21:26 via abc.net.au
  
  Metricon, the biggest builder in the country, has told some customers to pay painfully higher prices or risk losing their new homes and deposits in a contract nightmare affecting home owners.
  
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• Woodside threatens to sue climate activists over stink-bomb protest

  26-07-2023 20:49 via abc.net.au
  
  Australia's largest oil and gas company, Woodside Energy, threatens to sue individual activists for financial damages it claims to have suffered in a recent protest, leading to accusations it is trying to shut down environmental activism.
  
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• Hexagon to supply autonomous truck tech to MinRes

  26-07-2023 11:05 via businessnews.com.au
  
  Swedish tech company Hexagon has reached a deal with Mineral Resources to supply autonomous technology for a fleet of 120 road trains for its Pilbara operations.
  
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• At Close of Business podcast July 26 2023

  26-07-2023 10:08 via businessnews.com.au
  
  Senior journalists Mark Pownall and Jack McGinn discuss the state of play for boutique fund managers dealing in equities in Western Australia.
  
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• Rio dented by lower commodity prices

  26-07-2023 10:07 via businessnews.com.au
  
  Rio Tinto has reported a big fall in interim earnings and dividends from last year’s highs, though its core Pilbara iron ore business fared better than other operations.
  
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• Funds call gains on stronger equities

  26-07-2023 10:05 via businessnews.com.au
  
  Investors get the pick of about 50 WA-based funds, which have mostly enjoyed a better year.
  
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• Westgold, Red 5 upbeat on latest results

  26-07-2023 09:52 via businessnews.com.au
  
  Mid-tier goldminers Westgold Resources and Red 5 have both hit expected production targets after grappling with labour shortages and cost pressures during the period.
  
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• Aust shares at five-month high as inflation drops again

  26-07-2023 09:51 via businessnews.com.au
  
  Australian shares have climbed as traders bet a smaller-than-expected rise in consumer prices would keep rates on hold.
  
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• Monadelphous faces $80m contract dispute

  26-07-2023 09:28 via businessnews.com.au
  
  Victoria Park-based contractor Monadelphous plans to vigorously defend claims from Queensland-based utilities provider UnityWater relating to a contract going back to 2016.
  
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• Ellison gets brusque in MinRes update

  26-07-2023 09:03 via businessnews.com.au
  
  MinRes boss Chris Ellison has taken a risk averse stance on China and dished out some choice comments for sell-side analysts in the miner's latest quarterly update
  
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• Work finally begins on delayed 94km trail through World Heritage rainforest in Far North Queensland

  26-07-2023 09:02 via abc.net.au
  
  A year after it was initially scheduled to open to the public, construction is underway on the Wangetti Trail — designed to take hikers and mountain bikers through the Wet Tropics World Heritage Area between Cairns and Port Douglas.
  
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• Modco leaves 29 builds in lurch

  26-07-2023 08:11 via businessnews.com.au
  
  Modco Residential has left 29 residential building projects unfinished after appointing administrators, according to the building industry watchdog.
  
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• Modco leaves 29 builds in a lurch

  26-07-2023 08:11 via businessnews.com.au
  
  Modco Residential has left 29 residential building projects unfinished after appointing administrators, according to the building industry watchdog.
  
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• Largest winery solar panel system in Australia switches on in the Barossa Valley

  26-07-2023 07:44 via abc.net.au
  
  Almost 6,000 solar panels have been installed by Treasury Wine Estates, with the ability to generate more than 5,000 megawatt-hours of energy per year — the equivalent of powering around 900 homes.
  
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• Hancock’s risks claim overstated, court told

  26-07-2023 07:37 via businessnews.com.au
  
  Wright Prospecting has rubbished Hancock Prospecting’s claim that it took on significant financial expenditure and risks in developing iron ore projects on mining tenements in the Pilbara.
  
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• Facebook owner fined for misleading users over data collection

  26-07-2023 07:34 via businessnews.com.au
  
  Two subsidiaries of Facebook owner Meta have been fined $20 million for collecting user data through a privacy-focused app without proper disclosure information would be used for market research.
  
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• Inflation slows to 6pc

  26-07-2023 07:19 via businessnews.com.au
  
  The nation’s inflation rate has slowed to a 6 per cent rise in the 12 months to June, according to the latest consumer price index statistics.
  
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• Inflation increase slows to 6pc

  26-07-2023 07:19 via businessnews.com.au
  
  The nation’s inflation rate has slowed to a 6 per cent rise in the 12 months to June, according to the latest consumer price index statistics.
  
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• Beach reports revenue rebound

  26-07-2023 07:15 via businessnews.com.au
  
  Beach Energy has reported quarterly production and revenue gains, while offering a vague update on progress at the Waitsia stage two project in the Perth Basin.
  
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• Planning minister defends 'probably lower than what people expect' affordable housing in Appin development

  26-07-2023 06:37 via abc.net.au
  
  NSW Planning Minister Paul Scully defends his decision to approve a 13,000-home development in the Wollondilly Shire with just 187 affordable dwellings, saying that adding more would be a cost to the developer.
  
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• Brabham retail centre sells for $31.4m

  26-07-2023 05:26 via businessnews.com.au
  
  The sale was split between Westbridge Funds Management and an east coast investor.
  
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• Brabham retail $31.4m sale

  26-07-2023 05:26 via businessnews.com.au
  
  The sale was split between Westbridge Funds Management and an east coast investor.
  
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• Developers offer to help bankroll Metro West line, if they can build additional homes

  26-07-2023 04:27 via abc.net.au
  
  The offer comes after NSW Premier Chris Minns repeatedly refused to guarantee the underground line will go ahead.
  
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• Hall & Prior revisits $90m plan

  26-07-2023 03:50 via businessnews.com.au
  
  Hall & Prior has relodged its proposal to build a $90 million aged care facility in East Fremantle, months after withdrawing the application from a development assessment panel.
  
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• Hall & Prior resubmits $90m aged care plan

  26-07-2023 03:50 via businessnews.com.au
  
  Hall & Prior has relodged its proposal to build a $90 million aged care facility in East Fremantle, months after withdrawing the application from a development assessment panel.
  
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• Interest rate rise now unlikely next week after inflation comes in below forecasts

  26-07-2023 03:40 via abc.net.au
  
  Inflation has slowed down again, with consumer prices up 6 per cent over the year to June, below most economist forecasts and reducing the chance of an RBA rate rise next week.
  
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• Inflation slows more than expected, chance of an August RBA interest rate rise reduced

  26-07-2023 03:40 via abc.net.au
  
  Inflation has slowed down again, with consumer prices up 6 per cent over the year to June, below most economist forecasts and reducing the chance of an RBA rate rise next week.
  
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• Inflation falls faster than expected. Has the Reserve Bank already increased interest rates too far?

  26-07-2023 03:40 via abc.net.au
  
  Inflation has slowed down again, with consumer prices up 6 per cent over the year to June, below most economists' forecasts and reducing the chance of an RBA rate rise next week.
  
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• Inquiry to delve into mining health impacts on nearby residents

  26-07-2023 03:14 via abc.net.au
  
  The discovery of heavy metals in people's blood and rainwater has triggered a NSW parliamentary inquiry into the potential link to gold, silver, lead and zinc mines. 
  
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• Austal loss likely for FY23

  26-07-2023 03:10 via businessnews.com.au
  
  Shares in Austal sink as it unveils what chief executive Paddy Gregg says is a “clearly disappointing” financial result stemming from the shipbuilder’s US operations.
  
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• Austal augurs likely loss for FY23

  26-07-2023 03:10 via businessnews.com.au
  
  Shares in Austal sink as it unveils what chief executive Paddy Gregg says is a “clearly disappointing” financial result stemming from the shipbuilder’s US operations.
  
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• Free security app 'knows nearly everything' about users, court told as Facebook owners Meta fined $20m

  26-07-2023 03:06 via abc.net.au
  
  The Federal Court hears Meta used a free security app promoted as protecting data but the tech giant used it to find out "nearly everything" users were doing on their devices.
  
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• Facebook owner Meta ordered to pay $20m to Australian government over 'misleading' ads for security app

  26-07-2023 03:06 via abc.net.au
  
  The Federal Court hears Meta used a free security app promoted as protecting data but the tech giant used it to find out "nearly everything" users were doing on their devices.
  
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• Shoppers shed allegiances in search for supermarket savings

  26-07-2023 02:47 via businessnews.com.au
  
  Cash-strapped Australians are hunting multiple supermarket aisles in search of bargains amid a post-COVID cost-of-living crisis which has seen significant belt tightening by mortgage holders and renters alike.
  
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• Wall Street closes higher ahead of tech earnings

  26-07-2023 02:25 via businessnews.com.au
  
  US stocks have closed higher ahead of earnings reports from Alphabet and Microsoft and also a rate decision from the country's central bank.
  
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• Major Gold Coast construction company ordered to stop work as licence suspended

  26-07-2023 02:22 via abc.net.au
  
  Queensland's building regulator has suspended the licence of large-scale high-rise builder GCB Constructions after it allegedly failed to pay debts and comply with financial monitoring.
  
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