Analyst news

• Business executives accused of defrauding Indigenous tourism company of almost $500,000

  12-10-2023 23:05 via abc.net.au
  
  Two senior business executives have appeared in court, accused of an embezzlement scheme against luxury tourism company Voyages that went undetected for months.
  
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• Live: Inflation data reignites interest rate fears on Wall Street and ASX, while Israel-Gaza war sparks recession fears

  12-10-2023 22:46 via abc.net.au
  
  The latest data out of the US shows inflation is sticking around, which is leading investors to worry that regulators there will start raising rates again soon. Meanwhile, experts warn that if the Israel-Gaza war escalates it has the "potential to certainly derail markets". Read all about it as it happens on our live blog.
  
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• Inflation data reignites interest rate fears on Wall Street and ASX, while Israel-Gaza war sparks recession fears — as it happened

  12-10-2023 22:46 via abc.net.au
  
  The latest data out of the US shows inflation is sticking around, which is leading investors to worry that regulators there will start raising rates again soon. Meanwhile, experts warn that if the Israel-Gaza war escalates, it has the "potential to certainly derail markets". See how the day unfolded on our markets and economics blog.
  
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• Tracy is using her super to subsidise her rent. When it runs out, the 62-year-old 'may be homeless again'

  12-10-2023 22:20 via abc.net.au
  
  A national summit addressing the housing crisis has heard successive governments are to blame for getting Australians to this "flash point", and it could take up to 20 years to fix the problem.
  
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• There's no 'silver bullet' to solve the housing crisis, but a national summit ended with five ways forward

  12-10-2023 22:20 via abc.net.au
  
  A national summit addressing the housing crisis has heard successive governments are to blame for getting Australians to this "flash point", and it could take up to 20 years to fix the problem.
  
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• Experts say the housing crisis won't be fixed for decades, but these five approaches could help solve it

  12-10-2023 22:20 via abc.net.au
  
  A national summit addressing the housing crisis has heard successive governments are to blame for getting Australians to this "flash point", and it could take up to 20 years to fix the problem.
  
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• Apple farmers exit industry after pocketing a rise of just 50c a kilo in 20 years

  12-10-2023 22:17 via abc.net.au
  
  Retail fruit prices have barely changed in two decades, exports have dropped to about two per cent of the nation's crop and producers are fleeing the industry, new data from a NSW Farmers Association survey reveals.
  
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• Almost 85pc of Australians regularly buy apples. So why are farmers exiting the industry in droves?

  12-10-2023 22:17 via abc.net.au
  
  Retail fruit prices have barely changed in two decades, exports have dropped to about two per cent of the nation's crop and producers are fleeing the industry, new data from a NSW Farmers Association survey reveals.
  
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• Mining to begin on Australia's biggest phosphate deposits amid global demand for fertiliser

  12-10-2023 21:47 via abc.net.au
  
  A decrease in the quality of phosphate being mined overseas and growing investor interest in ethical projects are driving miners into Australia's largely untapped reserves.
  
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• PwC publicly rejected idea of 'separating' its businesses in 2019, but it was privately looking for a buyer

  12-10-2023 11:59 via abc.net.au
  
  Consulting giant PwC is accused of misleading the Senate after revelations it planned to sell its consultancy business at the same time it pushed back against the idea in evidence to a separate inquiry in 2019.
  
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• PwC caught out after telling Senate it was against 'separating' its businesses while looking for a seller in private

  12-10-2023 11:59 via abc.net.au
  
  Consulting giant PwC is accused of misleading the Senate after revelations it planned to sell its consultancy business at the same time it pushed back against the idea in evidence to a separate inquiry in 2019.
  
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• 'Makes me question everything': Inquiry hears PwC planned to sell consulting business while publicly criticising idea

  12-10-2023 11:59 via abc.net.au
  
  Consulting giant PwC is accused of misleading the Senate after revelations it planned to sell its consultancy business at the same time it pushed back against the idea in evidence to a separate inquiry in 2019.
  
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• Hesperia walks from Freo Italian Club redevelopment

  12-10-2023 10:00 via businessnews.com.au
  
  Hesperia is no longer pursuing the redevelopment of the Fremantle Italian Club after opting to not renew a non-binding deal to develop the site with proposed residential and hotel components.
  
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• At Close of Business Podcast October 12

  12-10-2023 10:00 via businessnews.com.au
  
  Mark Pownall discusses the emergence of a new generation of pub owners in WA.
  
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• Pub game changes, behind the bar

  12-10-2023 09:56 via businessnews.com.au
  
  A host of new players has emerged in the middle ground of WA’s hotel and bar scene. Click through to see our list of WA's pub owners.
  
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• Aust shares close a smidge higher to extend win streak

  12-10-2023 09:31 via businessnews.com.au
  
  The local share market has technically extended its winning streak to six days, with seven of the ASX's 11 sectors finishing in the green.
  
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• MinRes awards $140m contract

  12-10-2023 09:28 via businessnews.com.au
  
  Chris Ellison’s Mineral Resources has awarded a $140 million contract to Resources Development Group, led by his brother Andrew Ellison.
  
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• Surfers Paradise triple tower complex gets green light from council

  12-10-2023 08:39 via abc.net.au
  
  The project is expected to include more than 1,000 homes and a childcare centre.
  
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• Renewal for 30-storey CBD student housing project

  12-10-2023 08:32 via businessnews.com.au
  
  A 30-storey student accommodation project for the site on the corner of Pier and Wellington streets has been revived, to be delivered by Sirona Urban by 2026.
  
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• No charges or fines for WA's wayward radioactive capsule

  12-10-2023 08:31 via businessnews.com.au
  
  A months-long investigation into the disappearance of a radioactive mining capsule in outback WA has concluded with no charges or fines laid.
  
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• Charges laid over Curtin University building collapse death

  12-10-2023 08:13 via businessnews.com.au
  
  WorkSafe has charged two companies over the death of the 23-year-old apprentice who fell 20 metres from a roof under construction at Curtin University in 2020.
  
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• Elderton draws on divine inheritance

  12-10-2023 08:00 via businessnews.com.au
  
  These old vine Barossa wines are not big on production but speak eloquently of the famous region.
  
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• BGC sells fibre cement business

  12-10-2023 07:49 via businessnews.com.au
  
  WA group BGC will sell its fibre cement business for an undisclosed price under a deal with Belgium-based building materials manufacturer Etex.
  
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• BGC carves out fibre cement business

  12-10-2023 07:49 via businessnews.com.au
  
  BGC has carved out its fiber cement business for an undisclosed price under a deal with Belgium—based building materials manufacturer Etex.
  
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• Builder and manufacturer trade blows as pipes burst in newly-built homes across Perth

  12-10-2023 07:43 via abc.net.au
  
  Major Perth builder BGC is pleading with homeowners affected by bursting pipes not to start legal action as the company grapples with almost seven burst pipe reports a day.
  
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• Could the voting power of millions of stressed ratepayers decide the next federal election?

  12-10-2023 07:40 via abc.net.au
  
  Ratepayers across Australia have copped stiff rate bills this year as cash-strapped councils struggle to keep pace with escalating costs. 
  
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• Vanessa Amorosi breaks down in court and says a property dispute with her mother started a family 'war'

  12-10-2023 07:38 via abc.net.au
  
  The singer-songwriter broke down as she told the court her mother convinced her not to trust anyone with her millions at the height of her career.
  
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• Ord Minnett sues former senior adviser

  12-10-2023 07:00 via businessnews.com.au
  
  Ord Minnett is suing its former senior adviser Faye Longmuir, who has temporarily been banned from soliciting clients she knew during her time at the company.
  
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• Digital security not keeping pace with technology

  12-10-2023 07:00 via businessnews.com.au
  
  Focus on cyber security is particularly weak among senior business leaders and tertiary institutions.
  
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• How Aussie extra-virgin olive oil is bucking an international trend

  12-10-2023 05:19 via abc.net.au
  
  The largest producer of olive oil in Australia says it is delighted by the support it is getting from Australian consumers as prices for international competitors rise.
  
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• Flying cars and film stars: The 'Olympics of Festivals' lands in Sydney next week

  12-10-2023 05:08 via abc.net.au
  
  In its world-first debut outside of Austin, Texas, groundbreaking festival South by Southwest is coming to Sydney. But with tickets going for up to $1,895 how do locals get involved?
  
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• Albemarle given more time in Liontown data room

  12-10-2023 04:53 via businessnews.com.au
  
  The board of Liontown Resources has given proposed suitor Albemarle another week to complete its due diligence ahead of a proposed $6.6 billion takeover.
  
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• Beach appoints Stokes as interim chair

  12-10-2023 04:48 via businessnews.com.au
  
  Ryan Stokes will step up as interim chair of Beach Energy after the gas explorer’s current chairman Glenn Davis announced his retirement.
  
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• Worker killed after chemical reaction causes explosion at Melbourne factory

  12-10-2023 04:28 via abc.net.au
  
  One person is dead, and dozens have been evacuated from factories after a chemical explosion in Melbourne's west.
  
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• MLG Oz wins contract with Genesis Minerals

  12-10-2023 03:48 via businessnews.com.au
  
  MLG Oz Limited has been chosen by Genesis Minerals to supply mining services in a contract anticipated to generate about $45m in revenue over three years.
  
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• 'Totally unacceptable': PwC boss issues public apology

  12-10-2023 03:42 via businessnews.com.au
  
  The new head of PwC Australia has apologised at a Senate hearing for the firm's role in passing on confidential Treasury information to private sector clients.
  
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• Underwater winery trial for Margaret River

  12-10-2023 03:17 via businessnews.com.au
  
  Margaret River wine will be fermented on the ocean floor under a new trial led by a WA abalone company and French underwater winery innovator
  
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• Lab-brewed milk attracts $25m in investments to bring synthetic dairy to market

  12-10-2023 02:01 via abc.net.au
  
  Milk made from lab-cultured proteins could be on Australian shelves as soon as 2025 as global demand grows for animal-free food alternatives.
  
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• PWR, Iluka strike power purchase deal

  12-10-2023 02:00 via businessnews.com.au
  
  Renewable energy player PWR Hybrid has finalised a 10-year power supply deal with Iluka Resources to be generated from its recently approved solar farm.
  
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