Analyst news

• New Zealand famously has more sheep than people. So why are we shipping our wool to them?

  24-08-2023 23:55 via abc.net.au
  
  New Zealand is known for its jaw-dropping scenery, first-class food and wine, and sheep — lots of them. But their flock is now a third of what it was 40 years ago, and Aussies are stepping in with plenty of merino wool to sell.
  
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• Known for growing some of the world's best merino wool, the Kiwis just don't have enough of it

  24-08-2023 23:55 via abc.net.au
  
  New Zealand is known for its jaw-dropping scenery, first-class food and wine, and sheep — lots of them. But their flock is now a third of what it was 40 years ago, and Aussies are stepping in with plenty of merino wool to sell.
  
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• Six more countries set to join China and Russia in the BRICS economic bloc

  24-08-2023 23:40 via abc.net.au
  
  Iran, Saudi Arabia, the United Arab Emirates, Argentina, Egypt and Ethiopia are set to join the group next year, potentially bringing three of the biggest oil producers into a bloc China and Russia have been keen to expand to raise their geopolitical influence. 
  
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• Anger grows over proposal to build quarry in 'marginal' koala habitat within state forest

  24-08-2023 23:38 via abc.net.au
  
  There are already several major quarries operating in the NSW Hunter region and proposals to build more are generating backlash among residents concerned about air and water quality and native animals.
  
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• Risk of scurvy, rickets rising amid food affordability crisis, researchers warn

  24-08-2023 23:22 via abc.net.au
  
  Public health researchers are concerned rising cost of living pressures are opening the door to serious Victorian-era diseases like scurvy.
  
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• These six charts show what Australia could look like in 40 years

  24-08-2023 22:28 via abc.net.au
  
  The latest Intergenerational Report predicts we will live longer, we'll be more highly skilled, and we'll have to live under hotter temperatures. Here's what this could mean for our future.
  
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• One of China’s richest women is an elusive billionaire heiress. Her fortune was just cut in half

  24-08-2023 20:14 via abc.net.au
  
  Yang Huiyan is the mysterious majority stakeholder of a sprawling real estate empire in China, but in a stunning reversal of fortune triggered by the country's ongoing property market woes, she is now locked in a desperate battle to prevent its collapse.
  
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• 'What money do we pay back exactly?' Qantas CEO Alan Joyce rules out paying back COVID 'bailout'

  24-08-2023 13:16 via abc.net.au
  
  Three years ago, Qantas A380 planes were gathering dust with the national carrier on the brink of bankruptcy. Today, the airline has unveiled a record profit of $2.47 billion before tax, fuelled by sky-high demand for domestic and international travel.
  
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• Ever wanted to buy a Whitsunday island? This former resort has hit the market

  24-08-2023 11:24 via abc.net.au
  
  The well-known tourist destination of South Molle island could soon have a new owner as it becomes the latest Great Barrier Reef island to come up for sale after Lindeman Island, Hook Island, Dunk Island and Long Island.
  
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• Strike looms for Chevron as Woodside inks deal

  24-08-2023 10:50 via businessnews.com.au
  
  More than 450 workers on Chevron’s Pilbara gas operations have backed industrial action over a pay dispute between unions and the multinational gas giant.
  
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• At Close of Business podcast August 24 2023

  24-08-2023 10:08 via businessnews.com.au
  
  Mark Beyer and Jack McGinn discuss the continued growth of renewable project investment in Western Australia. 
  Plus: Woodside union resolution; boutique brewery restructure, and Northern Star dividend. 
  
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• At Close of Business podcast August 24

  24-08-2023 10:08 via businessnews.com.au
  
  Mark Beyer and Jack McGinn discuss the continued growth of renewable project investment in Western Australia. 
  Plus: Woodside union resolution; boutique brewery restructure, and Northern Star dividend. 
  
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• TPG profits slide in half-year results

  24-08-2023 10:07 via businessnews.com.au
  
  TPG Telecom, the group operating Vodafone and iiNet, will be simplifying its brand portfolio with a target to drop its plans and products from 6,000 to about 100.
  
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• Renewables poised for growth

  24-08-2023 09:53 via businessnews.com.au
  
  New investors and projects are laying the groundwork for growth in renewable energy in WA but a lot more is needed.
  
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• Peet’s profit soars

  24-08-2023 09:53 via businessnews.com.au
  
  Strong settlements have led to a 34 per cent rise in the land developer’s profit to $70.1 million in FY23, but a drop in lot sales this year could hit its future bottom line.
  
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• Northern Star sees through year of rising costs

  24-08-2023 09:48 via businessnews.com.au
  
  Western Australia's biggest goldminer will shell out a 15.5 cents per share dividend after handing down a $301 million underlying net profit for the 2023 financial year.
  
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• Keeping up with Threads on social media

  24-08-2023 09:29 via businessnews.com.au
  
  Business leaders should opt for simplicity and track where their customers are when making choices about platforms.
  
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• Reserve Bank staff reject 10.5 per cent payrise offer, say it doesn't address cost of living

  24-08-2023 09:25 via abc.net.au
  
  Reserve Bank staff have rejected a 10.5 per cent pay increase, saying it doesn't stop their real wages declining.
  
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• Aust shares climb for third day as sentiment rebounds

  24-08-2023 09:22 via businessnews.com.au
  
  The ASX finished up 0.5 per cent, with more strong gains for tech stocks after Nvidia posted a "jaw-dropping" earnings beat.
  
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• Running With Thieves in administration

  24-08-2023 09:12 via businessnews.com.au
  
  Fremantle brewery Running With Thieves has been taken over by administrators but its “business as usual” ahead of a potential restructuring.
  
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• Purple gin stoush spills into Supreme Court

  24-08-2023 09:05 via businessnews.com.au
  
  Distilling equipment, 500 litres of raw spirits and demands over purple gin are at the centre of a business dispute that has been escalated to Western Australia's Supreme Court.
  
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• Junior miner Red River folds

  24-08-2023 08:35 via businessnews.com.au
  
  Minerals explorer Red River Resources has collapsed after an eight-month endeavour to save the troubled company, which was suspended from the ASX.
  
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• ‘Drop in the ocean’: Lawyer takes aim at WA senator

  24-08-2023 08:00 via businessnews.com.au
  
  WA Senator Linda Reynolds’ case against Brittany Higgins’ fiancé is weak with the alleged defamatory statements just “a drop in the ocean” of publicity, the Supreme Court was told.
  
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• Alkemy's first lithium sulphate train cost $500m

  24-08-2023 07:01 via businessnews.com.au
  
  UK proponent reveals the first stage of a possible four train Port Hedland battery minerals processing operation would cost $500 million.
  
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• 'It's mad, it's crazy': Hobart commuters decry plan to slash city's bus services

  24-08-2023 06:49 via abc.net.au
  
  One frustrated commuter summed up the imminent slashing of bus services in Hobart by saying "public transport is something you'd expect in a reasonable sized city … apparently we can't do that".
  
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• Commuters, Tasmanian opposition decry 'mad' plan to cut Hobart bus services

  24-08-2023 06:49 via abc.net.au
  
  One frustrated commuter summed up the imminent slashing of bus services in Hobart by saying "public transport is something you'd expect in a reasonable sized city … apparently we can't do that".
  
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• Capital city bus operator slashes services to cope with driver shortage

  24-08-2023 06:49 via abc.net.au
  
  One frustrated commuter summed up the imminent slashing of bus services in Hobart by saying "public transport is something you'd expect in a reasonable sized city … apparently we can't do that".
  
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• Coal ship banned after inspection uncovers wage theft, coercion and mistreatment of workers

  24-08-2023 06:25 via abc.net.au
  
  Maritime authorities acting on a tip-off from a union find conditions aboard a bulk-carrier docked at a North Queensland port to be "disgraceful". 
  
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• Battery minerals plant green lit for Collie

  24-08-2023 06:01 via businessnews.com.au
  
  International Graphite has won state government approval for construction of a qualification-scale battery materials plant, part of its $441 million Collie processing plan.
  
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• Dreamworld owner settles $26 million shareholder class action following ride that killed four

  24-08-2023 05:18 via abc.net.au
  
  Ardent Leisure shareholders claimed the company misled investors about safety measures and corporate governance standards causing shares to trade at an artificially inflated price.
  
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• South32 profit slumps after asset write-down

  24-08-2023 05:09 via businessnews.com.au
  
  South32's budget has gone into the black off the back of a US$1.3 billion write-down of one of its US copper deposits.
  
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• Bikes vs trains stalemate over Snowy Mountains rail tourism ventures

  24-08-2023 04:33 via abc.net.au
  
  Plans to turn a disused train line in regional NSW into a 200km bike trail may be derailed, with two community groups on a collision course.
  
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• Ageing population, climate to change face of economy

  24-08-2023 04:28 via businessnews.com.au
  
  Australians 40 years from now will live longer and have fewer children while the economy becomes greener, a landmark reports shows.
  
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• Major report lays out vision of older and warmer Australia in 2063

  24-08-2023 04:02 via abc.net.au
  
  A glimpse into the possible Australia of 2063 has been laid out in a major government report, which offers warnings as the country gets older, warmer and faces a more fragmented global order.
  
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• Live moment: Major report lays out vision of older and warmer Australia in 2063

  24-08-2023 04:02 via abc.net.au
  
  A glimpse into the possible Australia of 2063 has been laid out in a major government report, which offers warnings as the country gets older, warmer and faces a more fragmented global order.
  
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• Traffic management group collapses

  24-08-2023 03:20 via businessnews.com.au
  
  The collapse of statewide contractor Advanced Traffic Management (WA) has potentially left numerous construction projects in limbo after liquidators were appointed.
  
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• Contractor collapses owing $10m

  24-08-2023 03:20 via businessnews.com.au
  
  UPDATE: Statewide contractor Advanced Traffic Management (WA) allegedly owes more than $10 million to unpaid creditors as the court appoints liquidators to wind up the company.
  
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• Last-minute deal quells gas platform strike

  24-08-2023 02:35 via businessnews.com.au
  
  A pay dispute threatening to see most workers on several Pilbara gas platforms down tools has been averted after Woodside and union reps burned the midnight oil to iron out a deal.
  
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• Hundreds of workers sacked by text, major road construction projects in limbo as WA contractor collapses

  24-08-2023 02:25 via abc.net.au
  
  Hundreds of West Australian workers lose their jobs as one of the state's biggest traffic management companies is forced into liquidation.
  
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• Hundreds of workers sacked by text as WA contractor collapses, major road construction projects in limbo

  24-08-2023 02:25 via abc.net.au
  
  Hundreds of West Australian workers lose their jobs as one of the state's biggest traffic management companies is forced into liquidation.
  
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• Hundreds of workers out of a job, major road construction projects in limbo as WA contractor collapses

  24-08-2023 02:25 via abc.net.au
  
  Hundreds of West Australian workers lose their jobs as one of the state's biggest traffic management companies is forced into liquidation.
  
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• Qantas announces record profit, buys more planes

  24-08-2023 01:50 via businessnews.com.au
  
  Australia’s Qantas Airways has posted a record $2.47 billion underlying profit beating the previous 2018 record by almost $A1 billion.
  
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• 'Build houses, not camps': Kalgoorlie residents object to BHP's proposed 1000-bed development

  24-08-2023 01:43 via abc.net.au
  
  A resident is concerned their WA city is "becoming a ghost town" as mining giant BHP seeks approval to build a camp on council-owned land.
  
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• Future of new $77m Broome boat ramp remains unclear 20 years after plan first floated

  24-08-2023 01:26 via abc.net.au
  
  Locals say Broome's boat access has long been a hazard for the boating and tourism communities. But after decades of advocacy, plans for a new facility appear to have stalled.
  
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• Traditional owner mounts legal challenge on gas giant as scientists say seismic blasting could impact whales

  24-08-2023 01:06 via abc.net.au
  
  Scientists say seismic blasting in gas exploration can have subtle but critical effects on marine life as concerns rise over Woodside's Scarborough gas project in Western Australia's north. 
  
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• Back to square one on Aboriginal heritage

  24-08-2023 01:00 via businessnews.com.au
  
  WA continues to take two steps forward, one step backwards on Aboriginal self-determination
  
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• 'You're not the airline that you used to be': Qantas customers left out-of-pocket despite bumper profit results

  24-08-2023 00:51 via abc.net.au
  
  Qantas has reported a mammoth $1.7 billion profit after years of COVID-induced turbulence, but once-loyal customers say the airline's recent actions put it at odds with its 'Spirit of Australia' motto.
  
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• Qantas records $1.7 billion profit after years of COVID-induced turbulence

  24-08-2023 00:51 via abc.net.au
  
  Qantas returns to profit after three years marred by the COVID-19 pandemic, posting a a $1.7 billion profit for the last financial year.
  
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• Qantas reveals results, NAB CEO says recession unlikely

  24-08-2023 00:05 via abc.net.au
  
  Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog — as it happened.
  
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• Live: Qantas reveals results, NAB CEO says recession unlikely

  24-08-2023 00:05 via abc.net.au
  
  Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog. 
  
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