Analyst news

• Live: Wall Street falls, Australian market set to defy downward lead

  09-08-2023 23:43 via abc.net.au
  
  Wall Street indices have fallen but the Australian market looks set to rise in early trade.
  
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• Live: AGL loses $1.2b despite rising power prices, households splurge on Barbenheimer despite fall in spending

  09-08-2023 23:43 via abc.net.au
  
  A volatile reporting season continues as AGL loses $1.2 billion while QBE Insurance and AMP record multi-million-dollar profits. Follow live.
  
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• Energy sector drives ASX higher as strike threat raises gas prices — as it happened

  09-08-2023 23:43 via abc.net.au
  
  The threat of strike action at Western Australia's key gas export facilities sends global prices surging and lifts energy stocks and the ASX.
  
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• Telcos claim Australians are ready for 3G switch off, but the network remains vital in the bush

  09-08-2023 23:11 via abc.net.au
  
  The 3G network switch-off dates are looming. Telcos say Australia is ready for the transition to 4G and 5G, but some community members disagree.
  
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• EFTPOS machines, medical devices, older mobile phones could be useless when 3G switched off

  09-08-2023 23:11 via abc.net.au
  
  The 3G network switch-off dates are looming. Telcos say Australia is ready for the transition to 4G and 5G, but some community members disagree.
  
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• Phil has collected 75 tonnes of rubbish dumped in the bush and says the solution is a 'sad' reality

  09-08-2023 23:03 via abc.net.au
  
  Bush access is being restricted in hotspots where volunteers are removing white goods, used nappies, and burnt-out cars illegally dumped in Queensland bushland. 
  
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• 'Disgraceful': Labor attack ad mocked-up as 'power bill' blasted by Tasmanian government

  09-08-2023 21:34 via abc.net.au
  
  Its layout and colour scheme are similar to an actual power bill — but if you look closer, it is a Labor attack on power prices under the Liberals, something the Tasmanian premier says is a "disgraceful scam" that has people "needlessly scared".
  
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• Attack ad mocked-up as 'power bill' blasted by Tasmanian Liberals

  09-08-2023 21:34 via abc.net.au
  
  Its layout and colour scheme are similar to an actual power bill — but if you look closer, it is a Labor attack on power prices under the Liberals, something the Tasmanian premier says is a "disgraceful scam" that has people "needlessly scared".
  
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• Why the honeymoon is over — banks pull back on fight for new borrowers

  09-08-2023 19:53 via abc.net.au
  
  The big banks were offering cashback deals and competitive rates to grab their share of the refinancing boom, but the trend has reversed as margins start to come under pressure, leaving some borrowers trapped between a mortgage cliff and a mortgage prison.
  
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• Lithium steals the show at Diggers awards

  09-08-2023 15:00 via businessnews.com.au
  
  Lithium success story Pilbara Minerals has been named 2023 Digger of the Year, as Allkem’s $16 billion merger takes the Dealer guernsey and resources executive Neil Warburton wins the GJ Stokes award.
  
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• Elder says her community has been 'torn apart' by dispute with Andrew Forrest's FMG

  09-08-2023 12:24 via abc.net.au
  
  As the Federal Court hears testimony from Pilbara elders, lawyers for Andrew Forrest's Fortescue Metals Group have continued to deny the iron ore miner is liable for compensation for traditional owners.
  
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• No 'conflicts of interest' as it's revealed NSW gas policy consultants were simultaneously working with Santos

  09-08-2023 11:43 via abc.net.au
  
  An annual report reveals the consultants who helped develop New South Wales' Future of Gas Statement were working with energy company Santos at the same time, but Ernst & Young says there is no conflict of interest.
  
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• Woodside LNG staff vote for strike action

  09-08-2023 11:19 via businessnews.com.au
  
  Workers at Woodside Energy’s LNG platforms off the coast of WA have voted in favour of industrial action, including indefinite strikes, at a meeting this afternoon.
  
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• Nightclub to 'fully educate' staff after young patron carrying insulin questioned

  09-08-2023 10:52 via abc.net.au
  
  An Adelaide nightclub defends its handling of an incident in which a man with type 1 diabetes was questioned about his insulin — but said it would work to ensure such an occurrence "doesn't happen again".
  
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• Wyloo's frontman fends off IPO offers

  09-08-2023 10:16 via businessnews.com.au
  
  Wyloo Metals chief executive Luca Giacovazzi says ‘every banker on the street’ has pitched an IPO to the Andrew Forrest-owned group, receiving inbound interest since arriving at Diggers & Dealers.
  
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• Personal disclosure not divorced from reality

  09-08-2023 10:07 via businessnews.com.au
  
  Do we need to start requiring leaders to be more open about their personal circumstances?
  
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• Perth-based medical leader appointed to national board

  09-08-2023 10:05 via businessnews.com.au
  
  OncoRes Medical chief executive Katharine Giles has been appointed to the federal government’s newly-created National Reconstruction Fund Board.
  
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• At Close of Business podcast August 9 2023

  09-08-2023 09:59 via businessnews.com.au
  
  Jack McGinn and Simone Grogan speak on the business journey of Raleigh Finlayson and his leadership at Genesis Minerals.
  
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• Australian shares rise amid strong gains for CBA

  09-08-2023 09:58 via businessnews.com.au
  
  The local share market has finished 0.4 per cent higher as Commonwealth Bank enjoyed its best day in nine months.
  
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• China opens to Australia's largest barley producers

  09-08-2023 09:57 via businessnews.com.au
  
  The agriculture minister has confirmed the Chinese customs agency will reinstate barley producers CBH and Emerald Grain to the approved list of exporters.
  
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• Carey halts planning reforms

  09-08-2023 09:57 via businessnews.com.au
  
  The state government has flagged a reversal of recently announced medium density planning reforms, with single dwellings to be excluded and other changes to be deferred.
  
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• Royalties trial: Hancock claims Wright’s reading fails

  09-08-2023 09:46 via businessnews.com.au
  
  No royalties from the Hope Downs tenements had been received by the Hancock-Wright partnership under a 1987 agreement, the Supreme Court of Western Australia has heard.
  
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• Royalties trial: Hancock claims 20-year delay by Wright

  09-08-2023 09:46 via businessnews.com.au
  
  A delay of more than 20 years should prevent mining heirs to claim royalties from iron ore produced on Hancock Prospecting’s mines, the Supreme Court of Western Australia has heard.
  
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• Contract overhaul needed to lure builders

  09-08-2023 09:33 via businessnews.com.au
  
  Industry experts are calling for an overhaul of construction contracting to attract more builders, as rumours of more tier one builders entering the market gain momentum.
  
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• COVID review raises need for business input

  09-08-2023 09:24 via businessnews.com.au
  
  Better support for small business and use of industry expertise should be considered in future pandemic planning, according to an independent review of WA’s COVID-19 response.
  
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• TK Maxx to open two Perth stores

  09-08-2023 09:16 via businessnews.com.au
  
  Retail giant TK Maxx is set to open two stores in Perth as the global chain expands its presence in Western Australia.
  
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• Sydney developer must pay $1.5m to continue with Ray Hadley defamation case, court told

  09-08-2023 08:59 via abc.net.au
  
  At a Federal Court hearing in Sydney on Wednesday, Registrar Paul Farrell was presented with questions about how the defamation case can proceed because Jean Nassiff is either still overseas, reportedly in Lebanon, or bankrupt.
  
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• Santos exec to lead Beach Energy

  09-08-2023 08:45 via businessnews.com.au
  
  Experienced oil and gas executive Brett Woods will lead Beach Energy from next year following the immediate departure of the oil and gas company’s current chief executive.
  
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• Mettam’s Voice support wanes amid info vacuum

  09-08-2023 08:26 via businessnews.com.au
  
  Libby Mettam has cooled her strong stance in support of a Voice to Parliament, admitting she is now unclear where she stands on the issue months out from an expected referendum.
  
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• Johnston ducks and weaves at Diggers

  09-08-2023 08:14 via businessnews.com.au
  
  Mines minister Bill Johnston has denied that trust between the state and public is broken after cultural heritage laws were unceremoniously dumped this week.
  
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• 'It’s something I do not wish on anybody': Report details the harsh impacts of waiting for social housing

  09-08-2023 08:00 via abc.net.au
  
  Many of the people interviewed said they have been waiting for several years to find adequate social housing. 
  
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• Pantoro seeks $30m to meet higher costs

  09-08-2023 07:49 via businessnews.com.au
  
  Goldminer Pantoro has received firm commitments to raise $30 million to meet higher than expected costs from its merger with Tulla Resources.
  
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• Insurance company refuses to pay Adelaide man's medical bills after Indonesian scooter accident

  09-08-2023 05:59 via abc.net.au
  
  An Adelaide mother says she will have to pay $370,000 in medical fees because her son was not covered for scooter-related injuries when he was involved in a serious accident in Indonesia.
  
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• Insurance company denies Adelaide man's claim after Indonesian scooter accident

  09-08-2023 05:59 via abc.net.au
  
  An Adelaide mother says she will have to pay $370,000 in medical fees because her son was not covered for scooter-related injuries when he was involved in a serious accident in Indonesia.
  
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• 'They should be outraged': Insider blows whistle on real estate 'kickbacks' he claims could hurt homebuyers

  09-08-2023 05:42 via abc.net.au
  
  It's banned in three states, but in other parts of Australia conveyancers are paying real estate agents to recommend their services in a practice one insider has described as unethical even though it's legal.
  
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• Blueways resubmits $62m Broadway projects

  09-08-2023 05:35 via businessnews.com.au
  
  Two apartment projects in Nedlands will have to go through a fresh approval process after the developer found it was no longer feasible to build the original plans.
  
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• Hunter Valley wedding bus driver excused from fronting court as 52 new charges formally laid

  09-08-2023 04:59 via abc.net.au
  
  The driver of a bus that crashed after a wedding in the NSW Hunter Valley in June, killing 10 people, is charged with a new total of 63 alleged offences after a further 52 charges were formally tendered in court.
  
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• New bus company servicing Sydney's south sorry for 'bad start' after flood of complaints

  09-08-2023 04:18 via abc.net.au
  
  The new head of U-Go Mobility apologises after a chaotic first month in which passengers faced long waits for buses, multiple cancellations and drivers going the wrong way.
  
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• Leonora’s prince back for Gwalia crown

  09-08-2023 04:00 via businessnews.com.au
  
  The salt of the earth miner-turned reluctant dealmaker talks to Business News about the transaction that’s kept him, and the market, on the hook for more than a year.
  
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• WA broker launches Liquidity platform

  09-08-2023 03:38 via businessnews.com.au
  
  Perth boutique brokerage Mac Equity Partners has launched a digital fund-raising platform for sophisticated investors.
  
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• Anger as V/Line breakdown in inner Melbourne sees 100 passengers 'stuck' for three hours

  09-08-2023 03:15 via abc.net.au
  
  V/Line passengers on a train to Gippsland have said they could not get off during a three-hour breakdown outside Richmond Station on Tuesday afternoon.
  
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• Northern Star stands by Perth Mint ownership

  09-08-2023 02:42 via businessnews.com.au
  
  The state’s biggest gold miner Northern Star Resources has backed the embattled Perth Mint, which is currently subject to a strategic review, to stay in state government hands.
  
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• Uni body warns billions at risk without more graduates

  09-08-2023 02:38 via businessnews.com.au
  
  The head of Universities Australia says the economy could lose $7 billion if the number of university graduates doesn't rise to meet demand.
  
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• Final report into deadly Wallan train derailment identifies crucial protocol failures

  09-08-2023 02:31 via abc.net.au
  
  The Australian Transport Safety Bureau says there was no protocol in place to confirm the driver of the train, which derailed, killing two people, understood routing changes that had been made.
  
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• UGL wins $600m contract bounty

  09-08-2023 02:08 via businessnews.com.au
  
  CIMIC Group's UGL has won more than $600 million worth of contracts, with more than half that number comprising largest contract awarded by Albemarle Corporation in Australia.
  
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• UGL wins $330m Albemarle contract

  09-08-2023 02:08 via businessnews.com.au
  
  Albemarle Corporation says a $330 million construction contract awarded to UGL for construction work at its Kemerton lithium hydroxide plant is one of the largest it’s awarded in Australia.
  
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• Trade staff locked out of Clive Palmer's Coolum resort after allegedly receiving termination letters

  09-08-2023 01:14 via abc.net.au
  
  More than 20 construction staff have gathered outside Clive Palmer's resort on the Sunshine Coast following an apparent workplace dispute.
  
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• Emergency services work to remove car stuck on Adelaide's O-Bahn

  09-08-2023 00:40 via abc.net.au
  
  SA Police say officers found the car's owner walking along the tracks in the early hours of this morning.
  
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• Alleged drink driver to face court after car blocks Adelaide's O-Bahn

  09-08-2023 00:40 via abc.net.au
  
  Adelaide's O-Bahn busway reopens after being blocked this morning by a car which had been driven onto the track, with the vehicle's owner to face court for alleged drink driving.
  
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• 'Downside risks building' for Australia's economy, warns CBA boss as bank makes record profit

  09-08-2023 00:34 via abc.net.au
  
  The Commonwealth Bank posts a record profit of $10.2 billion, up 5 per cent on last financial year, but warns of growing "downside risks" for the Australian economy.
  
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