Analyst news

• New name, new history, new location: Is witness protection really like what we see on TV?

  16-08-2023 23:52 via abc.net.au
  
  It's something we rarely hear about in Australia – for good reason – but there are people living in witness protection programs across the nation.
  
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• Live: Telstra profit surges to $2bn, US plagued by 'significant' inflation concerns, ASX to fall ahead of latest unemployment data

  16-08-2023 23:45 via abc.net.au
  
  Negativity on Wall Street overnight is likely to send the local market lower after the US Federal Reserve flagged potential interest rate rises, noting inflation was still a "significant" risk to the economy. Follow live.
  
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• Live: Telstra and Origin profits surge, ASX slides ahead of latest unemployment figures

  16-08-2023 23:45 via abc.net.au
  
  The local sharemarket has opened lower despite a flurry of earnings reports from some of Australia's biggest companies, while investors await the latest unemployment figures from the ABS. Follow live.
  
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• Live: 'Significant' US inflation risk stokes rate hike concerns, ASX to fall ahead of latest unemployment data

  16-08-2023 23:45 via abc.net.au
  
  Negativity on Wall Street overnight is likely to send the local market lower after the US Federal Reserve flagged potential interest rate rises, noting inflation was still a "significant" risk to the economy. Follow live.
  
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• Live: Future rate rises 'hard to justify' as unemployment hits 3.7pc, Telstra and Origin profits surge, ASX lower

  16-08-2023 23:45 via abc.net.au
  
  Australia's unemployment rate rose to 3.7 per cent in July, surpassing most economists expectations. It comes as the local sharemarket is trading lower despite a flurry of earnings reports from some of Australia's biggest companies. Follow live.
  
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• Future rate rises 'hard to justify' as unemployment hits 3.7pc, Telstra and Origin profits surge, ASX closes lower again

  16-08-2023 23:45 via abc.net.au
  
  Australia's unemployment rate rose to 3.7 per cent in July, surpassing most economists expectations. The local share market closed lower again, despite a flurry of earnings reports from some of Australia's biggest companies — as it happened.
  
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• WA government removes possibility of exporting gas produced onshore as industry figures voice disapproval

  16-08-2023 23:24 via abc.net.au
  
  The state government throws a spanner in the works of some of Australia's richest people, who had been racing to develop valuable gas reserves near Perth.
  
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• Hard line on WA gas reserves throws spanner in the works of some of Australia's richest people

  16-08-2023 23:24 via abc.net.au
  
  The WA government removes gas export exemptions for onshore projects, shutting the door on a key pathway in the race to develop valuable reserves near Perth.
  
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• Petrol prices have hit their highest level so far this year, and there is no relief in sight for motorists

  16-08-2023 22:59 via abc.net.au
  
  Australians are feeling more pain at the petrol pump as prices rise to the highest level so far this year, and analysts say the rising prices are likely to stay for "the next few weeks" at least.
  
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• Motorists are paying more for petrol now than they have all year — and it's likely to stay that way for weeks

  16-08-2023 22:59 via abc.net.au
  
  Australians are feeling more pain at the petrol pump as prices rise to the highest level so far this year, and analysts say the rising prices are likely to stay for "the next few weeks" at least.
  
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• Pollution watchdog rejects gold mine's compliance claim on excessive dust

  16-08-2023 22:56 via abc.net.au
  
  A NSW gold mine is ordered to do more testing to prove compliance with dust regulations after heavy metals were found in residents' blood and rainwater.
  
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• Snatch-and-grab thefts 'out of control' as cost of living rises

  16-08-2023 22:19 via abc.net.au
  
  Retailers say they are facing brazen shoplifters and "swarming" thefts every other day in parts of South Australia, "but the justice system doesn't take the matter seriously".
  
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• Vandalism blamed for commuter delays after Matildas match

  16-08-2023 17:04 via abc.net.au
  
  Commuters faced long delays getting home after the Matildas loss to England in the Women's World Cup.
  
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• Two charged over damage to Sydney train infrastructure that caused chaos following Matildas' World Cup loss

  16-08-2023 17:04 via abc.net.au
  
  Soccer fans faced long delays getting home after the Matildas' loss to England in the Women's World Cup.
  
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• Police investigating after suspected vandalism leads to commuter chaos following Matildas' World Cup loss

  16-08-2023 17:04 via abc.net.au
  
  Commuters faced long delays getting home after the Matildas loss to England in the Women's World Cup.
  
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• Police investigating after suspected vandalism leads to commuter chaos after Matildas' World Cup loss

  16-08-2023 17:04 via abc.net.au
  
  Commuters faced long delays getting home after the Matildas loss to England in the Women's World Cup.
  
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• Police investigating after suspected vandalism causes commuter chaos following Matildas' World Cup loss

  16-08-2023 17:04 via abc.net.au
  
  Commuters faced long delays getting home after the Matildas' loss to England in the Women's World Cup.
  
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• MinRes emerges as mystery Delta buyer

  16-08-2023 11:28 via businessnews.com.au
  
  A substantial holder notice lodged with the ASX reveals a Mineral Resources' offshoot as the buyer of more than $65 million worth of stock in David Flanagan's Delta Lithium.
  
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• At Close of Business podcast August 16 2023

  16-08-2023 10:16 via businessnews.com.au
  
  Simone Grogan and Jack McGinn discuss challenges and innovation in the state's residential apartment market.
  
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• Fears workers village builder has shut shop

  16-08-2023 10:07 via businessnews.com.au
  
  The office of a company chosen to build workers accommodation in country WA has been shuttered and staff gone to ground amid concerns over its ability to deliver on the project.
  
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• Fears govt-backed village builder has shut shop

  16-08-2023 10:07 via businessnews.com.au
  
  The office of a company chosen to build workers accommodation in country WA has been shuttered and staff gone to ground amid concerns over its ability to deliver on the government-backed project.
  
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• Little Green Pharma shuffles executive team

  16-08-2023 09:58 via businessnews.com.au
  
  Medical cannabis company Little Green Pharma's founder Fleta Solomon has stepped down as chief executive to reduce her workload and focus on other divisions of the business.
  
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• Little Green Pharma reshuffles executive team

  16-08-2023 09:58 via businessnews.com.au
  
  The founder of medical cannabis company Little Green Pharma Fleta Solomon has stepped down as chief executive to reduce her workload and focus on other divisions of the business.
  
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• Core Lithium rattles insto tin for $120m

  16-08-2023 09:57 via businessnews.com.au
  
  Starting miner Core Lithium has sought investor support to the tune of $120 million as it grapples with growing pains at its flagship Finniss project in the Northern Territory.
  
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• SWM profits, ad revenue drops

  16-08-2023 09:01 via businessnews.com.au
  
  Kerry Stokes-chaired Seven West Media’s newspaper division has recorded drops in advertising and circulation revenue alongside a 7 per cent slump in profit.
  
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• Rinehart’s alleged ‘special project’ surfaces in court

  16-08-2023 09:01 via businessnews.com.au
  
  A confidential memo allegedly sent by Gina Rinehart in the years after her father’s death has been put forward by her children’s lawyers in support of their fight for a slice of Hope Downs royalties.
  
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• Australian shares suffer worst losses in six weeks

  16-08-2023 09:01 via businessnews.com.au
  
  The local share market has finished down 1.5 per cent, with the technology, financials and materials sectors suffering even greater losses.
  
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• Would you travel 240km for your banking? These regional Australians are being forced to do just that

  16-08-2023 08:57 via abc.net.au
  
  It's been six months since the town of Carnamah in Western Australia lost its only bank. Locals have told a senate inquiry into bank closures how they're now travelling hours to access financial services. 
  
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• Court dismisses costs order in Bartlett action

  16-08-2023 08:53 via businessnews.com.au
  
  Four Melbourne Demons directors, including an ex-Iluka Resources boss, have failed to recoup all legal costs from proceedings launched by former club president Glen Bartlett in a WA court.
  
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• Malaysian developer’s Subi play

  16-08-2023 08:39 via businessnews.com.au
  
  UEM Sunrise has bought a development site in Subi East for $22.2 million, with a view to building two apartment buildings.
  
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• WA bans new LNG exports from Perth Basin

  16-08-2023 08:12 via businessnews.com.au
  
  The state government has banned onshore gas developments in the Perth Basin from exporting LNG, in a win for local buyers of gas but a potential blow for developers.
  
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• Australian recession 'likely' in the next 12 months, according to new industry survey

  16-08-2023 08:12 via abc.net.au
  
  A survey of insolvency professionals, turnaround advisors, company boards and lawyers says sentiment among working professionals has fallen noticeably during a relatively short space of time.
  
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• National plan inked to boost housing supply

  16-08-2023 08:05 via businessnews.com.au
  
  Planning reforms to pave the way for 1.2 million new homes across Australia by the end of the decade will be drawn up as part of a national approach to combat a spiraling housing affordability crisis.
  
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• Desperate renters turn to food charity in droves

  16-08-2023 08:05 via businessnews.com.au
  
  Around 25,000 people per month are seeking out Foodbank WA in desperate need of basic supplies as ballooning rental prices force more Australians to tighten their belts.
  
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• Apartment developers chart a market reset

  16-08-2023 08:00 via businessnews.com.au
  
  The main players pin hopes on pent-up demand for new stock, as interest rates stabilise and buyers begin to accept higher prices.
  
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• 'Like someone pulling my heart out': Pilbara elders tell travelling Federal Court of pain caused by Fortescue Metals dispute

  16-08-2023 07:40 via abc.net.au
  
  The dispute between Yindjibarndi Traditional Owners and Andrew Forrest's Fortescue Metals Group is hearing testimony on the fringes of the Solomon Hub iron ore mine.
  
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• 'Like someone pulling my heart out': Pilbara elders tell travelling Federal Court of deep pain caused by Fortescue Metals dispute

  16-08-2023 07:40 via abc.net.au
  
  The dispute between Yindjibarndi Traditional Owners and Andrew Forrest's Fortescue Metals Group is hearing testimony on the fringes of the Solomon Hub iron ore mine.
  
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• National cabinet touts 'better deal for renters' but Greens slam 'smoke-and-mirror' moves

  16-08-2023 07:31 via abc.net.au
  
  The prime minister has touted a "better deal for renters" and a blueprint to boost housing supply following a meeting with state and territory leaders in Brisbane this afternoon.
  
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• National cabinet touts 'better deal for renters' but Greens slam moves as 'smoke and mirrors'

  16-08-2023 07:31 via abc.net.au
  
  The prime minister has touted a "better deal for renters" and a blueprint to boost housing supply following a meeting with state and territory leaders in Brisbane this afternoon.
  
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• National cabinet sets new housing target and touts 'better deal for renters'

  16-08-2023 07:31 via abc.net.au
  
  The prime minister has touted a "better deal for renters" and a blueprint to boost housing supply following a meeting with state and territory leaders in Brisbane this afternoon.
  
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• Live moment: Anthony Albanese speaking following national cabinet meeting

  16-08-2023 07:31 via abc.net.au
  
  Prime Minister Anthony Albanese is giving a press conference after a national cabinet meeting with state and territory leaders this afternoon. Follow live.
  
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• 'Egregious breach of duty': Gina Rinehart tried to deflate value of shares in family trust, court hears

  16-08-2023 07:31 via abc.net.au
  
  An explosive memo written by Gina Rinehart, allegedly part of a "special project" to deflate the value of Hancock Prospecting shares, has been presented to the Supreme Court as part of a huge civil trial in Perth. 
  
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• Inquiry hears producers falling behind on DomGas

  16-08-2023 07:16 via businessnews.com.au
  
  A state government inquiry has been told that some of WA’s LNG producers are playing catch up on their requirements under the state’s Domestic Gas Policy.
  
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• 'Jobs for the boys': Transport minister under fire over controversial $600k hire

  16-08-2023 07:00 via abc.net.au
  
  Josh Murray was hired to a $600k-a-year role despite an external recruiter finding he was under-qualified. 
  
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• Armadale line shutdown date revealed

  16-08-2023 06:23 via businessnews.com.au
  
  The state government has locked in a date in November this year to close the Armadale and Thornlie lines so work can progress on removing level crossings and raising the train tracks.
  
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• Major step for $35m Perth Cultural Centre project

  16-08-2023 06:04 via businessnews.com.au
  
  Construction company EMCO Building has won $23 million worth of work on the state government’s major Perth Cultural Centre redevelopment project, now tipped to be completed in 2025.
  
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• Sirona proposes $100m Fremantle project

  16-08-2023 05:45 via businessnews.com.au
  
  Sirona Urban is proposing to expand its Fremantle footprint with a $100 million development plan on the site previously earmarked for a DoubleTree by Hilton hotel.
  
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• Endeavour Group raises a glass as profit lifts to $529m

  16-08-2023 04:28 via businessnews.com.au
  
  The company that owns Dan Murphy's, BWS and more than 300 licensed pubs in Australia says it made a $529 million profit on sales of $11.9 billion in 2022/23.
  
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• Caravan parks weigh up removing key attraction to stay open as insurance costs soar

  16-08-2023 03:41 via abc.net.au
  
  Rising insurance premiums for jumping pillows are another blow for holiday parks after bushfires, floods and the pandemic, with one owner fearing she'll have to remove the drawcard.
  
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• National cabinet holds keys to solving housing crisis

  16-08-2023 02:45 via businessnews.com.au
  
  Ways to address the housing crisis will be canvassed in national cabinet as the political impasse continues over the government's housing future fund.
  
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