Analyst news

• Collapse of Sydney milk processor sees dairy farmer quit industry

  10-08-2023 23:58 via abc.net.au
  
  A dairy farmer from the NSW South Coast is quitting the industry after the collapse of a milk processor that has left creditors collectively owed over $3 million.
  
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• Morning Headlnes

  10-08-2023 23:42 via businessnews.com.au
  
  WA strike threat rocks gas market
  Woodside could activate ‘‘contingency plans’’ to prevent the threat of industrial action from 150 platform workers disrupting LNG exports, as European gas prices rocketed higher amid fears 10 per cent of global shipments could be lost. The Fin
  
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• Airlines 'not good enough' as figures reveal a third of regional WA flights were delayed in 2022–23

  10-08-2023 23:41 via abc.net.au
  
  Figures reveal that 30.7 per cent of all flights in regional Western Australia last financial year were delayed by at least more than 15 minutes, with passengers on the Albany and Esperance to Perth routes expressing ongoing frustration.
  
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• RBA boss says it's 'too early to declare victory' against inflation but 'the worst is over', ASX finishes lower — as it happened

  10-08-2023 23:32 via abc.net.au
  
  Philip Lowe has faced the house economics committee hearing as RBA governor for the final time. Meanwhile, US inflation continues to cool, increasing the chance the Federal Reserve will leave rates on hold at its next meeting. Look back on Friday's business and finance news with our blog.
  
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• RBA boss says it's 'too early to declare victory' against inflation but 'the worst is over'

  10-08-2023 23:32 via abc.net.au
  
  Philip Lowe will face the house economics committee hearing as RBA governor for the final time this morning. Meanwhile US inflation continues to cool, increasing the chance the Federal Reserve will leave rates on hold at its next meeting. Follow live.
  
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• Live: RBA boss says it's 'too early to declare victory' against inflation but 'the worst is over'

  10-08-2023 23:32 via abc.net.au
  
  Philip Lowe is facing the house economics committee hearing as RBA governor for the final time. Meanwhile, US inflation continues to cool, increasing the chance the Federal Reserve will leave rates on hold at its next meeting. Follow live. 
  
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• Live: Outgoing RBA boss Philip Lowe to face final parliamentary grilling, US inflation cools

  10-08-2023 23:32 via abc.net.au
  
  Philip Lowe will face the house economics committee hearing as RBA governor for the final time this morning. Meanwhile US inflation continues to cool, increasing the chance the Federal Reserve will leave rates on hold at its next meeting. Follow live.
  
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• Live: Outgoing RBA boss Philip Lowe faces final parliamentary grilling, Newscorp annual income drops 75pc

  10-08-2023 23:32 via abc.net.au
  
  Philip Lowe will face the house economics committee hearing as RBA governor for the final time this morning. Meanwhile US inflation continues to cool, increasing the chance the Federal Reserve will leave rates on hold at its next meeting. Follow live.
  
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• A perfect storm is brewing at Lillian's cafe: Rising costs and fewer customers coming through the door

  10-08-2023 21:59 via abc.net.au
  
  Cafes and restaurants saw a boom of big-spending customers after the pandemic. Now, as cost-of-living pressures bite households and the cost of doing business grows, some in the hospitality industry are struggling to stay afloat.
  
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• 'Young people are hustlers': Gen Z 'willing to do what they need to' to make ends meet

  10-08-2023 21:35 via abc.net.au
  
  Grace makes and delivers home-made lasagne to supplement her main source of income. She's just one of nearly 200,000 young Australians working more than one job to make ends meet.
  
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• 'We need to hustle': Record number of young people juggling multiple jobs

  10-08-2023 21:35 via abc.net.au
  
  Grace makes and delivers home-made lasagne to supplement her main source of income. She's just one of nearly 200,000 young Australians working more than one job to make ends meet.
  
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• Concerns tourism industry not ready as Chinese group tours allowed to return to Australia

  10-08-2023 19:58 via abc.net.au
  
  Chinese group tours are set to return to Australia but local tourism operators warn they may not have capacity to accommodate them. 
  
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• Calls for government assistance as Chinese tour groups allowed to return to Australia

  10-08-2023 19:58 via abc.net.au
  
  Chinese group tours are set to return to Australia but local tourism operators warn they may not have capacity to accommodate them. 
  
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• Chevron could face offshore strike ballot

  10-08-2023 11:12 via businessnews.com.au
  
  Offshore Alliance says workers on the Wheatstone offshore platform could apply to vote on industrial action against their employer Chevron as part of ongoing negotiations.
  
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• Green light for $75m Mos Lane project

  10-08-2023 11:01 via businessnews.com.au
  
  The state’s peak planning body has approved a contentious $75.7 million apartment development in Mosman Park, dubbed Mos Lane, after a three-hour meeting.
  
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• Regulator fronts Senate’s Perth Mint probe

  10-08-2023 10:59 via businessnews.com.au
  
  Australia’s financial investigations watchdog has remained tight-lipped about the decision to investigate Perth Mint during a federal hearing into its probe of the scandal-plagued organisation
  
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• 'Fighting for the working class': How Hollywood's writers' strike is playing out in Australia

  10-08-2023 10:51 via abc.net.au
  
  Hollywood's been hit with the biggest strikes in decades leaving unions in the US and Australia concerned about the dominance of movie studios and streaming platforms changing the way we watch our favourite shows and movies.
  
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• At Close of Business podcast August 10 2023

  10-08-2023 09:53 via businessnews.com.au
  
  Liv Declerck and Jack McGinn discuss the state of play for the tourism sector in Western Australia.
  
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• Integrity Commission investigates allegations union approached ACT Education Minister over controversial Campbell Primary School tender

  10-08-2023 09:34 via abc.net.au
  
  The ACT Integrity Commission hears the Education Minister's office allegedly held the view that the superior tenderer for a controversial Canberra school refurbishment was "not to get the job". 
  
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• Integrity Commission hears ACT Education Minister's office was allegedly against hiring superior tenderer for school project

  10-08-2023 09:34 via abc.net.au
  
  The ACT Integrity Commission hears the Education Minister's office allegedly held the view that the superior tenderer for a controversial Canberra school refurbishment was "not to get the job". 
  
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• Aust stocks climb ahead of crucial US inflation readout

  10-08-2023 08:57 via businessnews.com.au
  
  The local share market finished 0.26 per cent higher ahead of a crucial monthly US inflation report, with gains for energy companies as gas prices soar.
  
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• ‘Washing’ and ‘hushing’ on green calls

  10-08-2023 08:40 via businessnews.com.au
  
  Sports bodies have huge capacity to navigate and influence outcomes and reporting on climate action.
  
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• Sector strategises next steps as post-pandemic local gains retreat

  10-08-2023 08:40 via businessnews.com.au
  
  An increase in aviation capacity, better communication and strategic initiatives are part of the overall strategy to boost and maintain the WA tourism sector.
  
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• Adviser wants more hospital analysis

  10-08-2023 08:28 via businessnews.com.au
  
  The state government’s top infrastructure adviser has provided heavily qualified support for the surprise relocation of the $1.8 billion Women and Babies Hospital to a site in Murdoch.
  
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• Westgold progresses Mid West operations

  10-08-2023 08:07 via businessnews.com.au
  
  Westgold Resources has flicked the switch on its first hybrid power facility while also securing the green light to restart its historic gold mine in the Mid West.
  
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• Seashell miner hit with upped $48k fine

  10-08-2023 07:42 via businessnews.com.au
  
  Shark Bay seashell miner L’Haridon Bight Mining has been ordered to pay an increased $48,000 fine after WorkSafe successfully appealed the original sentence over a workplace injury.
  
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• Hancock disregards Wright’s interests, court told

  10-08-2023 07:33 via businessnews.com.au
  
  Hancock Prospecting has thrown its founder Lang Hancock under the bus, claiming he breached his director's duty while married to Rose Porteous, during a Supreme Court trial over billions of dollars in iron ore royalties.
  
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• State, VCs drive healthtech push

  10-08-2023 07:00 via businessnews.com.au
  
  Health tech has taken a front seat in recent months thanks to the combined funding from government and private sectors.
  
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• 'Load of bunkum': Gina Rinehart's lawyer rubbishes rival claim for slice of mining fortune

  10-08-2023 06:42 via abc.net.au
  
  A lawyer representing mining billionaire Gina Rinehart tells a WA court the case lodged by the heirs of her father's business partner for a part of the lucrative Hope Downs iron ore mines is "a load of bungle".
  
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• 'Load of bungle': Gina Rinehart's lawyer rubbishes rival claim for slice of mining fortune

  10-08-2023 06:42 via abc.net.au
  
  A lawyer representing mining billionaire Gina Rinehart tells a WA court the case lodged by the heirs of her father's business partner for a part of the lucrative Hope Downs iron ore mines is "a load of bungle".
  
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• Gina Rinehart's lawyer claims late father pressured by then-wife Rose Porteous to fund 'luxurious lifestyle'

  10-08-2023 06:42 via abc.net.au
  
  Gina Rinehart's lawyers have sensationally accused her own late father of siphoning money to himself under pressure from his then-wife Rose Porteous to fund a "luxurious lifestyle".
  
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• American lobby group pushes for import tariffs on Australian and New Zealand lamb

  10-08-2023 06:25 via abc.net.au
  
  A group of cattle and sheep producers in the United States says Australian lamb imports are bringing its own industry to its knees and are petitioning for major restrictions that will also include New Zealand.
  
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• Perth boutique builder enters liquidation

  10-08-2023 06:16 via businessnews.com.au
  
  Wembley-based boutique residential builder Royal Construction and Design has appointed a liquidator from SV Partners to wind up the company.
  
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• Parking levy amendments hit parliament

  10-08-2023 06:15 via businessnews.com.au
  
  Legislative changes which could facilitate the government’s proposed payment for a swimming pool at the WACA Ground from the Perth Parking Levy have been introduced to parliament.
  
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• Hairdresser suffers $60,000 blow after moving 'too soon', under council orders, for new road

  10-08-2023 05:33 via abc.net.au
  
  Lawyers are warning people not to "jump the gun" and relocate early if they are facing a property resumption. It comes after a Sunshine Coast hairdresser was left out of pocket for a move she did not have to make.
  
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• TPG Telecom to close down free email service, with thousands forced to pay extra cost

  10-08-2023 05:14 via abc.net.au
  
  Hundreds of thousands of Australians face an extra cost to access emails after one of the country's largest internet providers announced plans to close down its in-house email service.
  
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• 'Storm in a tea cup': Clive Palmer says resort revamp on track as locked-out tradies line up to collect tools

  10-08-2023 04:41 via abc.net.au
  
  The ABC understands about 150 workers were sent termination letters on Tuesday night, and minutes later, many were sent emails offering re-employment.
  
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• Sorry ‘not good enough’ for Heritage Act fail

  10-08-2023 03:11 via businessnews.com.au
  
  An Indigenous body has aired frustration about the mammoth effort funneled into helping the state government bring about positive change to protect Aboriginal cultural heritage which it says has fallen on deaf ears.
  
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• Government abandons plan to dump nuclear waste near Kimba, sparking new hunt for dump site

  10-08-2023 03:03 via abc.net.au
  
  After a federal court ruling against the government on its proposal to dump nuclear waste near Kimba in South Australia, the government says it will begin again in its search for a waste site.
  
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• Labor needs to tear up 2021 poll playbook

  10-08-2023 02:00 via businessnews.com.au
  
  Labor's Rockingham haircut puts the political battle on a more traditional footing.
  
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• Don't blame migration for housing mess, business says

  10-08-2023 01:52 via businessnews.com.au
  
  A catch in migration numbers since borders reopened after COVID-19 shouldn't be used as a scapegoat for Australia's failure to build enough homes, a key business group has warned.
  
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• Investigation finds VicForests hired private investigator to 'collect dirt' on environmentalists

  10-08-2023 01:51 via abc.net.au
  
  An investigation by the Office of the Victorian Information Commissioner has concluded that VicForests hired a private investigator to conduct surveillance on environmentalists and an academic.
  
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• Malaysia suspends live cattle and buffalo imports from Australia

  10-08-2023 01:39 via abc.net.au
  
  Malaysia has become the second country to suspend live imports from Australia, following Indonesia's concerns over the livestock disease.
  
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• Malaysia suspends import of live cattle from Australia citing lumpy skin disease concerns

  10-08-2023 01:39 via abc.net.au
  
  Malaysia has become the second country to suspend live imports from Australia, following Indonesia's claims that Australian livestock have arrived in its ports with the disease.
  
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• Biden signs order to ban certain tech investments in China

  10-08-2023 01:04 via abc.net.au
  
  The US president signs an executive order to narrowly prohibit certain US investments in sensitive technology in China and require government notification of funding in other tech sectors.
  
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• Minister tells critics to 'get out of the way' amid high-density housing push

  10-08-2023 00:17 via abc.net.au
  
  Queensland Housing Minister Meaghan Scanlon says the government is aiming to maximise the use of space as the state continues to grapple with the housing shortage.
  
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• Push to raise 'prestige' of GPs from 'poor cousin' status to attract more regional doctors

  10-08-2023 00:15 via abc.net.au
  
  Only about 15 per cent of medical students want to be GPs, but Australia needs about 40 per cent to specialise in general practice to solve the regional doctor shortage, a peak body says.
  
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• How to entice more medical students into general practice amid pay gaps between GPs and specialists

  10-08-2023 00:15 via abc.net.au
  
  Only about 15 per cent of medical students want to be GPs, but Australia needs about 40 per cent to specialise in general practice to solve the regional doctor shortage, a peak body says.
  
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• Denise Scott opens up about filming Mother and Son while dealing with cancer

  10-08-2023 00:02 via abc.net.au
  
  Actor, comedian and author Denise Scott tells the Australian Women's Weekly in an exclusive interview she was diagnosed with cancer immediately before she was due to start filming the Mother and Son remake.
  
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• Denise Scott opens up about filming Mother and Son while battling cancer

  10-08-2023 00:02 via abc.net.au
  
  Actor, comedian and author Denise Scott tells the Australian Women's Weekly in an exclusive interview she was diagnosed with cancer immediately before she was due to start filming the Mother and Son remake.
  
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