Analyst news

• Live: KPMG pauses political donations, inflation jumps again in Australia, ASX falls

  26-09-2023 23:55 via abc.net.au
  
  Andrew Yates, CEO of KPMG Australia, told a Senate inquiry that the company is currently reviewing its donation policies. The big four consultancy firms have donated $4.3 million to major political parties over the past decade.
  
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• Live: Inquiry into consulting hears 'contempt continues from PwC', ASX drops ahead of August CPI figure

  26-09-2023 23:55 via abc.net.au
  
  A fall on Wall Street sends Australian stocks lower, while the August monthly CPI figure is tipped to edge higher. Follow the latest updates in our live blog.
  
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• Live: Inflation jumps again in Australia, while inquiry into consulting hears 'contempt from PwC continues'

  26-09-2023 23:55 via abc.net.au
  
  The annual rate of inflation picked up in August to 5.2 per cent from 4.9 per cent, according to the latest monthly measure of inflation, with housing, transport, food and insurance the most significant drivers of these increases. 
  
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• Live: ASX to drop ahead of August CPI figure, Wall Street sinks

  26-09-2023 23:55 via abc.net.au
  
  A fall on Wall Street is likely to send Australian stocks lower, while the August monthly CPI figure is tipped to edge higher. Follow the latest updates in our live blog.
  
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• ASX closes down as inflation jumps, and Senate inquiries grill Qantas and consulting firms — as it happened

  26-09-2023 23:55 via abc.net.au
  
  It was a big day in business news. KPMG's boss told a Senate inquiry it's reviewing its donations process, PwC's internal bombshell drops, inflation is heating up again, and Qantas is facing a serious grilling by another inquiry. Read how the day unfolded on our blog.
  
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• Dry cleaning family to hang up the iron after 82 years of 'mud, blood and beer'

  26-09-2023 22:39 via abc.net.au
  
  After running his family's Tamworth-based dry cleaners for 61 years, Ross says there is one stain he certainly won't be missing on the eve of his retirement.
  
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• After 60 years of 'mud, blood and beer', there's another stain that haunts this retiring dry cleaner

  26-09-2023 22:39 via abc.net.au
  
  Country town's beloved dry cleaning family to hang up the iron after 82 years of pressing jeans, removing stains and reviving antique wedding dresses.
  
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• The curious case of the Jewel and the Gold Coast's near-empty $1.5b towers

  26-09-2023 22:17 via abc.net.au
  
  The Jewel's eye-catching towers are the sparkling gem in the Surfers Paradise skyline, but three years after they were built, hundreds of luxury apartments remain empty and most are not up for sale.
  
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• Build-to-rent housing is gaining momentum, so will it help ease the rental crisis?

  26-09-2023 21:23 via abc.net.au
  
  A new model of housing development is being touted as a solution to the housing crisis. But is it a game changer or more of the same for renters across New South Wales?  
  
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• PwC to announce major overhaul alongside findings of probe of tax leak scandal

  26-09-2023 16:01 via abc.net.au
  
  Embattled consulting giant PwC will today announce a major overhaul of governance, culture and accountability when it releases a long-awaited independent review into a tax leak scandal that has badly damaged the firm's reputation.
  
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• Wednesday set for Woodside seismic call

  26-09-2023 11:38 via businessnews.com.au
  
  A court-imposed injunction on seismic testing by Woodside Energy will continue until the end of Wednesday at the earliest, following a Federal Court hearing in Perth today.
  
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• Thursday set for Woodside seismic call

  26-09-2023 11:38 via businessnews.com.au
  
  A court-imposed injunction on seismic testing by Woodside Energy will continue until the end of Thursday at the earliest, following a Federal Court hearing in Perth today.
  
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• Qantas shareholders demand Richard Goyder quit as chairman as 'more things come to light' about management decisions

  26-09-2023 10:30 via abc.net.au
  
  The Australian Shareholders' Association has joined the growing chorus of calls demanding Qantas' chairman Richard Goyder resign from his position, and has placed the rest of the airline's board on notice after weeks of scandals.
  
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• Qantas shareholders demand chairman's resignation as board put on notice

  26-09-2023 10:30 via abc.net.au
  
  The Australian Shareholders' Association has joined the growing chorus of calls demanding Qantas' chairman Richard Goyder resign from his position, and has placed the rest of the airline's board on notice after weeks of scandals.
  
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• Satellite technology means no more mobile phone black spots for police

  26-09-2023 10:15 via abc.net.au
  
  Most regional police cars in WA will have new satellite technology to provide constant communications access by the end of next year.
  
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• At Close of Business podcast September 26 2023

  26-09-2023 09:59 via businessnews.com.au
  
  Simone Grogan and Jack McGinn discuss the lessons learned during ASX reporting season.
  
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• Aust shares sink as US bond yields hit multi-year high

  26-09-2023 09:48 via businessnews.com.au
  
  Soaring US bond yields are pressuring equities as markets digest the probability that interest rates will stay higher for longer.
  
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• White paper maps employment path

  26-09-2023 09:46 via businessnews.com.au
  
  The federal government’s employment white paper addresses a wide range of issues, but business groups warn it could be nullified by proposed industrial relations changes.
  
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• Calls on costs surprise investors

  26-09-2023 09:46 via businessnews.com.au
  
  The latest company reporting season was characterised by budget blowouts but also opportunities for growth in a changing economy.
  
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• Hancock back for another slice of Liontown

  26-09-2023 09:29 via businessnews.com.au
  
  Hancock Prospecting has acquired another batch of Liontown Resources shares and continued to air concerns of production and cost risks surrounding the Kathleen Valley development.
  
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• Perenti approved to takeover competitor

  26-09-2023 09:28 via businessnews.com.au
  
  Mining contractor Perenti Group is set to acquire local competitor DDH1 after securing the nod of approval from the federal court.
  
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• Black Cat in $60m funding deal

  26-09-2023 08:44 via businessnews.com.au
  
  Black Cat Syndicate has secured $60 million funding to restart the Paulsens gold mine in the Pilbara, before turning its attention to the Coyote and Kal East projects.
  
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• Two of Australia's biggest airports call for government to review Qatar Airways decision

  26-09-2023 08:32 via abc.net.au
  
  Brisbane Airport Corporation tells a Senate inquiry the the government's rejection of Qatar Airways' bid to fly more services to Australia is driving up airfares and undermining tourism. 
  
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• WA's olive giant up for sale

  26-09-2023 08:18 via businessnews.com.au
  
  The state’s biggest olive farm, representing more than one in every six commercially-cultivated trees, has been put on the block.
  Owned by the Letari family the plantations have 260,000 trees across two properties in Frankland River and Gingin.
  
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• Women shoulder much in defence

  26-09-2023 08:00 via businessnews.com.au
  
  Women inside and outside the force are working hard to lift representation and recognition.
  
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• Racing’s economic impact beyond $1bn

  26-09-2023 07:59 via businessnews.com.au
  
  The economic value Western Australia’s racing industry exceeded $1 billion in the 2021-22 financial year, up more than $330 million against pre-pandemic figures.
  
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• Shuttered Perth builder fined $23k

  26-09-2023 07:51 via businessnews.com.au
  
  Collapsed residential builder Babylon Homes and Construction has been fined $23,000 after it carried out work without a permit, supervisor or home indemnity insurance.
  
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• Liquidators circle Kalbarri village builder

  26-09-2023 07:44 via businessnews.com.au
  
  A WA firm chosen to build a workforce village in Kalbarri has gone bust one month after being dropped as preferred proponent by the state government.
  
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• No camp's Voice claims don't stack up

  26-09-2023 07:01 via businessnews.com.au
  
  There are legitimate reasons to vote no if you so choose, but those put forward by the anti-Voice camp aren't it
  
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• No camp’s Voice claims don't stack up

  26-09-2023 07:01 via businessnews.com.au
  
  There are legitimate reasons to vote no if you so choose, but those put forward by the anti-Voice camp aren't it.
  
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• Shareholders back midwest rare earths merger

  26-09-2023 06:31 via businessnews.com.au
  
  Vanadium explorer Technology Metals has won support of major shareholders for a $217 million merger with fellow rare earths company Australian Vanadium Limited.
  
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• RAC reports major profit lift

  26-09-2023 06:30 via businessnews.com.au
  
  RAC Group ended the financial year with a $46 million profit, significantly up from the $7.97 million recorded in the previous reporting period.
  
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• Hollywood screenwriters have put down their pickets so what happens next?

  26-09-2023 06:12 via abc.net.au
  
  After 146 days of Hollywood shutdowns and strikes, screenwriters have struck a tentative deal with studios. But here's why there will be no return to TV and film as we know it.  
  
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• 'It's your money': Queensland commuters urged to reclaim funds on dormant go cards

  26-09-2023 05:36 via abc.net.au
  
  Millions of dollars are siting on go cards that have expired after years of inactivity, with Translink urging commuters to get a refund as the network transitions to smart ticketing.
  
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• Aigle Group to build $15m retail hub

  26-09-2023 05:23 via businessnews.com.au
  
  Tony Poli-chaired Aigle Royal Group has received approval to build a multi-million-dollar commercial precinct around its $80 million Costco warehouse.
  
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• ANZ fined $15m for 'misleading customers'

  26-09-2023 05:16 via businessnews.com.au
  
  ANZ has been ordered to pay a $15 million penalty after admitting to misleading more than 186,000 customers over fees and interest charged.
  
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• Why Australia's fuel efficiency debate is all coming down to our love of 4WDs and utes

  26-09-2023 04:45 via abc.net.au
  
  Automotive brands are being accused of pushing a "loophole" policy so they can keep selling dirty and inefficient vehicles to Australian consumers.
  
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• MinRes to raise $1bn

  26-09-2023 04:41 via businessnews.com.au
  
  Chris Ellison’s Mineral Resources plans to raise more than $1 billion through five-year senior unsecured notes to generate capital expenditure funds.
  
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• Min Res to raise $1bn

  26-09-2023 04:41 via businessnews.com.au
  
  Chris Ellison’s Mineral Resources plans to raise more than $1 billion through five-year senior unsecured notes to generate capital expenditure funds.
  
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• Strike producing from Perth Basin

  26-09-2023 03:24 via businessnews.com.au
  
  Strike Energy has become the Perth Basin’s newest gas producer, commissioning gas into the state’s Parmelia pipeline from its Walyering joint venture project.
  
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• Victorian Farmers Federation faces more turmoil as dairy leaders leave for new lobby group

  26-09-2023 02:56 via abc.net.au
  
  Farmers cite "poor consultation" and a lack of focus on dairy-specific issues for their decision to walk away from the VFF.
  
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• Inflation expectations tick up as petrol prices lift

  26-09-2023 02:38 via businessnews.com.au
  
  There's been a dip in in consumer confidence as rising petrol prices nudge inflation expectations, which could be of note to the Reserve Bank.
  
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• Live: Wall Street snaps four-day losing streak, ASX to open flat

  26-09-2023 00:02 via abc.net.au
  
  The Australian share market is likely to start its day relatively flat, while the US dollar rises to a 10-month high on bets interest rates may stay higher for longer than investors had expected. Follow the latest updates in our live blog. 
  
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• Live: ASX slips to 11-week low, Wall Street snaps four-day losing streak

  26-09-2023 00:02 via abc.net.au
  
  The Australian share market has fallen to its lowest level since July 10, while the US dollar rises to a 10-month high on bets interest rates may stay higher for longer than investors had expected. Follow the latest updates in our live blog. 
  
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• ASX slips to 11-week low, Wall Street snaps four-day losing streak — as it happened

  26-09-2023 00:02 via abc.net.au
  
  The Australian share market has fallen to its lowest level since July 10, while the US dollar has risen to a 10-month high on bets interest rates may stay higher for longer than investors expected. 
  
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