Analyst news

• Live: Treasurer says allegations Qantas sold tickets for cancelled flights 'deeply concerning', ASX flat

  30-08-2023 23:52 via abc.net.au
  
  The competition watchdog has launched legal action against Qantas for allegedly selling tickets for flights it had already cancelled, while the ASX has opened flat. Follow live.
  
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• Live: Pause in US interest rate hikes likely as economy cools, Wall Street rallies for fourth day, ASX to rise

  30-08-2023 23:52 via abc.net.au
  
  The US economy has continued to cool, raising expectations the Federal Reserve will leave rates on hold next month, while the ASX is set to edge higher at the open on Thursday. Follow live.
  
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• Live: ACCC takes Qantas to court for allegedly selling tickets for cancelled flights, ASX to rise

  30-08-2023 23:52 via abc.net.au
  
  The US economy has continued to cool, raising expectations the Federal Reserve will leave rates on hold next month, while the ASX is set to edge higher at the open on Thursday. Follow live.
  
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• Live: ACCC takes Qantas to court for allegedly selling tickets for cancelled flights, ASX flat

  30-08-2023 23:52 via abc.net.au
  
  The competition watchdog has launched legal action against Qantas for allegedly selling tickets for flights it had already cancelled, while the ASX has opened flat. Follow live.
  
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• ASX edges slightly higher, treasurer says allegations Qantas sold tickets for cancelled flights 'deeply concerning — as it happened

  30-08-2023 23:52 via abc.net.au
  
  Qantas updates its controversial travel credits scheme, as the ACCC launches legal action against the airline for allegedly selling tickets for flights it had already cancelled. Look back on the day's business and finance news as it happened with our blog.
  
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• ASX closes flat, treasurer says allegations Qantas sold tickets for cancelled flights 'deeply concerning', Qantas updates controversial travel credit scheme — as it happened

  30-08-2023 23:52 via abc.net.au
  
  Qantas has scrapped the expiry date on its COVID travel credits. Meanwhile, the competition watchdog has launched legal action against the airline for allegedly selling tickets for flights it had already cancelled. Look back on the day's business and finance news as it happened with our blog.
  
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• Plan to farm sea grapes that pop in your mouth 'like caviar' off Arnhem Land

  30-08-2023 23:11 via abc.net.au
  
  Could South Goulburn Island become home to Australia's first sea grape farm? The Yagbani Aboriginal Corporation believes it can, bringing the celebrated ingredient known as umibudo in Japan to the plate.
  
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• Pacific countries are not 'outposts' to grow labourers for Australia, Samoan PM says

  30-08-2023 22:14 via abc.net.au
  
  Samoa's Prime Minister Fiame Naomi Mata'afa has raised deep concerns about the mass exodus of Pacific Island workers to Australia and New Zealand.
  
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• Rebekah thought she was building her 'forever home'. Now she's paying a mortgage for work that needs to be torn down

  30-08-2023 22:12 via abc.net.au
  
  Multiple Victorian home owners have made complaints to the state's building authority over allegedly defective works they say have left them hundreds of thousands of dollars out of pocket.
  
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• Andrea thought she was building the home she'd retire in. $1 million later, she and her family are in a 'nightmare'

  30-08-2023 22:12 via abc.net.au
  
  Multiple Victorian home owners have made complaints to the state's building authority over allegedly defective works they say have left them hundreds of thousands of dollars out of pocket.
  
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• SA teachers are going on strike over a pay dispute. Here's what we know

  30-08-2023 22:11 via abc.net.au
  
  While the state government has said there will be no "muskets at dawn", negotiations with the union on Wednesday failed to resolve the deadlock, meaning more than 150 schools will close, leaving thousands of families to make alternative arrangements.
  
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• 'Parents will need to make alternative arrangements': Everything you need to know about SA's teacher strike

  30-08-2023 22:11 via abc.net.au
  
  While the state government has said there will be no "muskets at dawn", negotiations with the union on Wednesday failed to resolve the deadlock, meaning more than 150 schools will close, leaving thousands of families to make alternative arrangements.
  
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• 'It has no place in Victoria': Protesters seek end of coal-to-hydrogen project

  30-08-2023 22:09 via abc.net.au
  
  Environmentalists say a proposal to produce hydrogen from Victorian coal in Latrobe Valley should be abandoned, but those backing the project are seeking to commercialise it.
  
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• Canada, USA, China and UK the largest foreign owners of Australian water

  30-08-2023 22:00 via abc.net.au
  
  A new report, released by the Australian Tax Office today, will show that foreign ownership of water increased by 0.3 per cent in the year to June 2022.
  
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• 'Trying to hit the stars': ASIC takes legal action against collapsed company directors

  30-08-2023 21:20 via abc.net.au
  
  Five former directors and officers of the failed funeral insurer Youpla are facing fines, after the corporate watchdog ASIC commenced civil proceedings over an arrangement to send the funds to a company in Vanuatu.
  
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• ASIC takes 'rare' legal action against former directors of failed funeral insurer Youpla

  30-08-2023 21:20 via abc.net.au
  
  Five former directors and officers of the failed funeral insurer Youpla are facing fines, after the corporate watchdog ASIC commenced civil proceedings over an arrangement to send the funds to a company in Vanuatu.
  
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• Ruby tried to cancel her Amazon account in March, but got stuck in a 'subscription trap'

  30-08-2023 20:44 via abc.net.au
  
  Ruby Callaghan has tried for six months to stop one of the world's retail giants from charging her unwanted fees. The federal government says it is looking at introducing legislation, known as "don't be a jerk laws", to help curb the issue. 
  
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• National energy grid facing peak pressures over hotter months

  30-08-2023 20:01 via abc.net.au
  
  Much of the national power grid is facing substantial reliability problems over the next decade, and as soon as this summer, without rapid investment in both electricity generation and transmission.
  
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• Live moment: Energy market operator CEO speaks, as national grid faces peak pressures over hotter months

  30-08-2023 20:01 via abc.net.au
  
  Much of the national power grid is facing substantial reliability problems over the next decade, and as soon as this summer, without rapid investment in both electricity generation and transmission.
  
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• 'Imminent and urgent investment' required as national energy grid faces reliability fears ahead of hot summer

  30-08-2023 20:01 via abc.net.au
  
  Much of the national power grid is facing substantial reliability problems over the next decade, and as soon as this summer, without rapid investment in both electricity generation and transmission.
  
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• Ardea raises $16m for nickel studies

  30-08-2023 11:30 via businessnews.com.au
  
  Institutional and sophisticated investors have supported a $16 million raise for ASX-listed Ardea Resources to fund a study for its Kalgoorlie nickel Project.
  
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• Fortescue staff safe amid Gabon military coup reports

  30-08-2023 10:00 via businessnews.com.au
  
  A Fortescue spokesperson has confirmed that team members working on the miner's Belinga iron ore project in Gabon are safe after reports emerged of a military coup.
  
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• At Close of Business podcast August 30 2023

  30-08-2023 10:00 via businessnews.com.au
  
  Liv Declerck and Jack McGinn discuss the state's long-awaited 10-year vision for the arts and culture sector.
  
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• Disease setback for Carnarvon oyster farm

  30-08-2023 09:50 via businessnews.com.au
  
  Oysters at a Forrest-backed farm near Carnarvon have been rendered unsellable due to a natural parasite taking hold at the site.
  
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• Aussie shares hit two-week high as inflation cools

  30-08-2023 09:47 via businessnews.com.au
  
  The local share market has posted its best performance in since July 13, rising 1.2 per cent as cooling inflation reduced the odds of another rate hike.
  
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• Scoping study prompts Chalice sell-down

  30-08-2023 09:45 via businessnews.com.au
  
  Market darling Chalice Mining has closed the day as the biggest loser on the local bourse after a hotly anticipated scoping study seemingly disappointed investors.
  
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• Govt backs medicinal, industrial hemp changes

  30-08-2023 09:44 via businessnews.com.au
  
  Updated guidance on medicinal cannabis use in the workplace and removal of barriers for industrial hemp production will be pursued by the state government.
  
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• Griffin Coal funding nears $30m

  30-08-2023 09:41 via businessnews.com.au
  
  The state government has again topped up its multi-million-dollar lifeline to fund the insolvent Griffin Coal Mining Company.
  
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• North Perth apartment plan overhauled

  30-08-2023 09:39 via businessnews.com.au
  
  Celsius Property Group has again scaled down its North Perth apartment project following community opposition to its earlier designs.
  
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• Dundas Minerals enters JV with Horizon 

  30-08-2023 09:39 via businessnews.com.au
  
  Two Perth-based gold explorers have reached a deal to have acquired mining projects in Kalgoorlie.
  
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• Firebird outlines $123m Oakover costs

  30-08-2023 09:18 via businessnews.com.au
  
  Firebird Metals has laid down the blueprint to build its Oakover manganese project near Newman at an estimated cost of $123 million after releasing an updated scoping study.
  
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• State pledges 10-year arts growth plan

  30-08-2023 08:59 via businessnews.com.au
  
  WA opts for a fresh strategy to help the arts and culture sector build on its post-pandemic recovery.
  
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• FMG approves $570m energy spend

  30-08-2023 08:55 via businessnews.com.au
  
  Fortescue Metals Group plans to spend a further $570 million on energy infrastructure in the Pilbara, after recent investments in gas power, batteries and a solar farm.
  
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• Bullying 'normalised' at Gold Fields, report finds

  30-08-2023 08:45 via businessnews.com.au
  
  Gold Fields joins the growing ranks of big corporates coming forward with workplace culture reports, the latest revealing half of the gold miner's staff have experienced bullying.
  
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• Carnarvon vents at Santos over Dorado delays

  30-08-2023 08:20 via businessnews.com.au
  
  Carnarvon Energy management has used the company’s annual report to vent “personal frustration” over Dorado JV partner Santos’ delay in announcing a final investment decision.
  
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• Academic freedom a work in progress

  30-08-2023 08:00 via businessnews.com.au
  
  A Perth vice-chancellor has no regrets in undertaking research that could have risked her career.
  
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• 'I don't think anyone swallows that story': Flight Centre boss lashes government for putting Qantas before customers

  30-08-2023 07:16 via abc.net.au
  
  Two former heads of the national competition watchdog say the federal government's move to block Qatar Airways' request for extra flights to protect Qantas decreases competition and leaves travellers worse off.
  
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• 'I don't think anyone swallows that story': Flight Centre boss lashes federal government for putting Qantas before customers

  30-08-2023 07:16 via abc.net.au
  
  Two former heads of the national competition watchdog say the federal government's move to block Qatar Airways' request for extra flights to protect Qantas decreases competition and leaves travellers worse off.
  
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• Decision to block extra Qatar Airways flights to protect Qantas 'a really bad decision', former ACCC bosses say

  30-08-2023 07:16 via abc.net.au
  
  Two former heads of the national competition watchdog say the federal government's move to block Qatar Airways' request for extra flights to protect Qantas decreases competition and leaves travellers worse off.
  
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• East coast experts flag DomGas challenges

  30-08-2023 07:15 via businessnews.com.au
  
  East coast gas experts have praised the state’s domestic gas reservation policy but highlighted challenges in enforceability and transparency in the latest sitting of the state’s parliamentary inquiry.
  
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• Offshore wind farms move closer

  30-08-2023 06:59 via businessnews.com.au
  
  Three international groups have declared their interest in building vast offshore wind farms between Perth and Bunbury after the federal government kicked off a regulatory review.
  
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• Documents dispute in Ichthys legal fight

  30-08-2023 06:45 via businessnews.com.au
  
  The court has found a request for Inpex to produce a portion of the more than 19 million documents relevant to $US45 billion Ichthys LNG plant project to be too burdensome.
  
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• Triple-1-Three acquires West Leederville brewpub

  30-08-2023 06:43 via businessnews.com.au
  
  Nowhereman Brewing Co is set to be acquired by Fremantle-based hospitality group Triple-1-Three in a deal that will re-brand the West Leederville venue as Otherside Brewing Co.
  
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• In 2020, a uni student launched a world-first case against the federal government. They’ve now reached an agreement

  30-08-2023 06:00 via abc.net.au
  
  The federal government has agreed to settle a world-first court case accusing it of misleading investors by failing to disclose the risk climate change poses to its bonds.
  
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• Australian government acknowledges risk of climate change to bonds after world-first court case

  30-08-2023 06:00 via abc.net.au
  
  The federal government has agreed to settle a world-first court case accusing it of misleading investors by failing to disclose the risk climate change poses to its bonds.
  
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• Inflation rate eases to 4.9pc

  30-08-2023 05:28 via businessnews.com.au
  
  Australia’s inflation rate slowed to an increase of 4.9 per cent in the 12 months to July as prices continue to soften across the nation.
  
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• ‘So yesterday’: Forrest uses forum to slam coal, oil

  30-08-2023 05:02 via businessnews.com.au
  
  Fortescue chair Andrew Forrest has made an impassioned speech to attendees of the Boao Forum for Asia Conference, saying it's up to businesses to 'save or destroy' the planet.
  
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• Is Netflix in its flop era? Subscribers are down for the first time since 2015

  30-08-2023 04:54 via abc.net.au
  
  The streaming platform has always dominated the landscape, but for the first time since Netflix entered the Australian market — subscription numbers are down. 
  
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• Inflation eases more than forecast in July but housing costs continue to rise

  30-08-2023 03:48 via abc.net.au
  
  Inflation cooled more than forecast over the 12 months to July, with the ABS monthly index showing consumer prices easing to an annual pace of 4.9 per cent last month.
  
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• Regulator calls on lenders to back struggling customers

  30-08-2023 03:44 via businessnews.com.au
  
  Australia's financial regulator has laid out its expectations of lenders when it comes to supporting financially troubled customers.
  
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