Analyst news

• New Fair Work Ombudsman vows to use criminal penalties to clamp down on wage theft

  05-10-2023 23:08 via abc.net.au
  
  Newly appointed Fair Work Ombudsman Anna Booth vows to use yet-to-be-legislated criminal penalties against employers who deliberately underpay or rip off their workers. 
  
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• Live: ASX up slightly, Reserve Bank says small but rising shares of households in financial stress

  05-10-2023 22:52 via abc.net.au
  
  Australian shares are up slightly, after Wall Street closes down. Reserve Bank says small but rising share of homeowners in financial stress.  Follow live.
  
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• Live: ASX set to open slightly higher, Reserve Bank to release latest financial stability review

  05-10-2023 22:52 via abc.net.au
  
  Australian shares may open slightly higher this morning after mixed results on Wall Street overnight. Follow live.
  
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• Live: ASX opens flat, Reserve Bank to release latest financial stability review

  05-10-2023 22:52 via abc.net.au
  
  Australian shares open flat after mixed results on Wall Street overnight. Follow live.
  
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• ASX finishes 1.3pc lower for the week, Reserve Bank says small but growing number of households in financial stress — as it happened

  05-10-2023 22:52 via abc.net.au
  
  The ASX saw a modest rise during trade on Friday but finished the week 1.3pc lower after a tumultuous start, while the RBA says there is a small, increasing share of homeowners in financial stress.
  
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• Hundreds of complaints after health insurer's IT glitch leaves customers with big medical bills and unpaid claims

  05-10-2023 21:33 via abc.net.au
  
  One member is told just moments before a medical procedure that she will have to foot a $1,250 bill because she is not a financial member.
  
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• 'Absolutely appalling': Defence Health members left to cover medical bills after IT glitch

  05-10-2023 21:33 via abc.net.au
  
  One member is told just moments before a medical procedure that she will have to foot a $1,250 bill because she is not a financial member.
  
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• At Close of Business podcast October 5 2023

  05-10-2023 10:24 via businessnews.com.au
  
  Jack McGinn and Simone Grogan discuss the complexities of the energy transition for regionally-focused Horizon Power.
  
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• Love lashes $2bn govt project cost hike

  05-10-2023 09:54 via businessnews.com.au
  
  The state opposition has lashed government cost management after an Auditor General report revealed a $2 billion blowout in budget allocation across 20 major projects.
  
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• Australian shares start to claw back recent heavy hits

  05-10-2023 09:53 via businessnews.com.au
  
  Australian shares have finished 0.5 per cent higher after rallying in afternoon trading, a day after setting an 11-month low.
  
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• GR co-founder to chair Tasmea

  05-10-2023 09:49 via businessnews.com.au
  
  A national mining services company that has quietly completed multiple acquisitions in Western Australia has appointed a Perth-based chair as it explores an ASX listing.
  Adelaide-based Tasmea, formerly known as investment company E&A, has 16 wholly-owned subsidiaries across Australia.
  
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• Sudden exits from DRA boardroom

  05-10-2023 09:48 via businessnews.com.au
  
  Dual-listed contractor DRA Global has announced the surprise departure of four directors, including chairman Peter Mansell, following 'engagement' with the company's biggest shareholder.
  
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• Humich buys $48m Leach portfolio

  05-10-2023 09:46 via businessnews.com.au
  
  The transaction has made Randal Humich the single largest private landholder of Perth’s malls.
  
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• Biotech company inks $230m deal

  05-10-2023 09:27 via businessnews.com.au
  
  Biopharmaceutical company Dimerix has struck a deal worth $230 million with UK-based pharmaceutical company Advanz Pharma to commercialise its Perth-linked treatment.
  
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• 'Yelling at small kids': Retail workers as young as 14 facing abuse from customers

  05-10-2023 08:43 via abc.net.au
  
  Young retail workers say they feel "defeated" and "scared" due to abuse from customers, as South Australia's workplace safety watchdog orders 28 retailers to improve worker safety during a statewide crackdown on the sector.
  
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• Customer abuse leaves young retail workers 'scared' every shift

  05-10-2023 08:43 via abc.net.au
  
  Young retail workers say they feel "defeated" and "scared" due to abuse from customers, as South Australia's workplace safety watchdog orders 28 retailers to improve worker safety during a statewide crackdown on the sector.
  
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• Community central in energy transition

  05-10-2023 08:34 via businessnews.com.au
  
  Public faith in the execution of WA’s multi-billion-dollar green energy future will hinge on bringing all parties along for the ride.
  
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• Wright, Hancock trial nears close

  05-10-2023 07:53 via businessnews.com.au
  
  The legal showdown over billions of dollars in iron ore royalties has entered the final phase after lawyers of mining heirs start their closing remarks in court.
  
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• Wright, Hancock trial nears a close

  05-10-2023 07:53 via businessnews.com.au
  
  The legal showdown over billions of dollars in iron ore royalties has entered the final phase after lawyers of mining heirs start their closing remarks in court.
  
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• SRG wins $120m contract extension

  05-10-2023 07:52 via businessnews.com.au
  
  SRG Global has notched a $120 million contract extension from Transpower New Zealand for work on its high voltage tower network.
  
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• SA Police seize crypto, drugs, cash after arrest of alleged dark web drug trafficker

  05-10-2023 07:36 via abc.net.au
  
  Police will allege the 25-year-old Adelaide Hills man was operating several vendor profiles on the dark web selling a variety of drugs.
  
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• Jarvis fires up over live export claims

  05-10-2023 07:04 via businessnews.com.au
  
  WA Agriculture Minister Jackie Jarvis has delivered a stunning rebuke of commentary suggesting she does not support the live export sector, in a passionate speech that earned her praise from what was expected to be a tough crowd.
  
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• Jarvis’ fiery takedown of live export claims

  05-10-2023 07:04 via businessnews.com.au
  
  WA Agriculture Minister Jackie Jarvis has delivered a stunning rebuke of commentary suggesting she did not support live export in a passionate speech which earned her praise from what was expected to be a tough crowd.
  
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• Live export ship carrying 3,600 head of cattle forced to return to Darwin by engine room blaze

  05-10-2023 06:04 via abc.net.au
  
  The Brahman Express left Darwin Port on Wednesday bound for Indonesia, but quickly turned around a fire broke out onboard.
  
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• Westgold lays foundations for FY24

  05-10-2023 05:39 via businessnews.com.au
  
  Listed mid-tier gold miner Westgold Resources has affirmed it is on track to meet full year guidance following a solid start to the new financial year.
  
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• Workforce, bed occupancy major issues for aged care

  05-10-2023 05:37 via businessnews.com.au
  
  A new study has found the median rent as a percentage of aged care award pay was 97 per cent in Port Hedland as the sector continues to face workforce shortages and low bed occupancy rates.
  
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• Perth rental vacancies at record lows

  05-10-2023 05:27 via businessnews.com.au
  
  New data from CoreLogic shows the city’s rental vacancies are the second lowest in the nation, at a record 0.5 per cent.
  
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• WA bid writing firm strikes AI deal

  05-10-2023 05:12 via businessnews.com.au
  
  Perth-based tender and proposal management firm BidWrite has signed a multi-million-dollar deal to explore the development of an AI-powered tender writing platform.
  
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• FTX founder Sam Bankman-Fried is standing trial in Manhattan for fraud. Here's how it's unfolding

  05-10-2023 05:04 via abc.net.au
  
  Former FTX CEO Sam Bankman-Fried's trial has begun in Manhattan. He could face decades in prison after being accused of stealing billions of dollars in FTX customer funds to plug losses at his hedge fund, Alameda Research.
  
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• 'Very stressed picture': Sydney's continual rental price increase unlike anything the city has seen before

  05-10-2023 04:57 via abc.net.au
  
  Sydneysiders are continuing to face the longest stretch of rent rises in the city's history, but there are signs the market is slowing as people reach the limits of their affordability.
  
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• In Australia's most expensive capital, there are signs renters can't afford to pay more

  05-10-2023 04:57 via abc.net.au
  
  Sydneysiders are continuing to face the longest stretch of rent rises in the city's history, but there are signs the market is slowing as people reach the limits of their affordability.
  
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• Buru chases Canning Basin partner

  05-10-2023 04:18 via businessnews.com.au
  
  Buru Energy is actively pursuing a joint venture partner to help it bring its Canning Basin gas interests into production, less than a year after buying out Origin Energy’s share of its projects.
  
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• Iraq war veteran accused of secretly filming naked backpackers released on bail

  05-10-2023 03:46 via abc.net.au
  
  William Gerardus Rush Huybregts allegedly hid a motion-activated camera inside a can of insect spray in the bathroom of his Townsville home.
  
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• UK intelligence shows Russia may attack civilian ships in the Black Sea with mines

  05-10-2023 03:18 via abc.net.au
  
  The UK government says Russia may use sea mines to target civilian ships in the Black Sea by laying them on the approaches to Ukrainian ports and then blaming Ukraine.
  
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• Calls for dedicated chamber of commerce to fill 'big gap' for Aboriginal business owners in the Kimberley

  05-10-2023 02:53 via abc.net.au
  
  Advocates say the region needs an Indigenous business network that takes Aboriginal practices and the impact of colonisation into consideration when assisting its members.
  
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• Airbnb regulations to be revealed ‘this year’

  05-10-2023 02:21 via businessnews.com.au
  
  Planning Minister John Carey has given the strongest indication yet local governments will be empowered to take the reins on regulating holiday rentals.
  
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• Airbnb regulations revealed ‘this year’

  05-10-2023 02:21 via businessnews.com.au
  
  Planning Minister John Carey has given the strongest indication yet local governments will be empowered to take the reins on regulating holiday rentals.
  
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• Amber mines gems in one of world's largest sapphire fields, but fears proposed reforms will make it 'a ghost town'

  05-10-2023 02:15 via abc.net.au
  
  Amber Betteridge lives on a mining claim in Queensland's Gemfields with her young family. She says a state government plan to cap small mining claim tenures could put her family's future at risk.
  
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• Royal Australian Mint unveils new effigy of King Charles III set to appear on coins before Christmas

  05-10-2023 01:22 via abc.net.au
  
  For the first time in seven decades, Australian currency will feature a new monarch. The new effigy of King Charles III faces the opposite direction on coins to his mother and also sees the king without a crown.
  
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• Australians haven't seen a king on their coins in 70 years. That changes today with the unveiling of this image

  05-10-2023 01:22 via abc.net.au
  
  For the first time in seven decades, Australian currency will feature a new monarch. The new effigy of King Charles III faces the opposite direction on coins to his mother and also sees the king without a crown.
  
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• Strong winds force cancellation of almost 100 flights in and out of Sydney

  05-10-2023 00:06 via abc.net.au
  
  Winds gusts up to 90 kilometres per hour disrupted flights at Sydney's domestic airport, as a severe weather warning is issued.
  
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