Analyst news

• We fact checked Sussan Ley on manufacturing insolvencies. Here's what we found

  22-02-2024 21:58 via abc.net.au
  
  Deputy Opposition Leader Sussan Ley says manufacturing insolvencies have tripled over the past two years due to the Albanese government's policies. Is that correct? RMIT ABC Fact Check takes a look.
  
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• Outpouring of support for truckies as 'everyday Aussie battlers' shout them meals at outback pub

  22-02-2024 21:42 via abc.net.au
  
  The owners of a remote pub in north Queensland are fielding non-stop calls from people across Australia wanting to "pay it forward" to truck drivers affected by the rising cost of living.
  
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• Live: Nvidia sparks global boom in technology stocks as Europe's Stoxx sets new record, ASX to rise

  22-02-2024 21:41 via abc.net.au
  
  Global markets have surged a day after chipmaker Nvidia released better-than-expected earnings, with Europe's broad Stoxx index reaching a record high, while the Australian share market is set to open higher. Follow live.
  
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• Live: Nvidia makes Wall Street history as S&P 500 and Dow hit new highs, ASX jumps on global tech enthusiasm

  22-02-2024 21:41 via abc.net.au
  
  The Australian share market jumps at the start of trade on global technology optimism, after chipmaker Nvidia made history on Wall Street and led the S&P 500 and Dow Jones to close at record highs. Follow live.
  
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• Live: Nvidia makes Wall Street history as S&P 500 and Dow close at record highs, ASX to rise

  22-02-2024 21:41 via abc.net.au
  
  Chipmaker Nvidia makes history on Wall Street by recording the biggest one-day gain, while the S&P 500 and Dow Jones jump to record high closes, with the Australian share market set to open higher. Follow live.
  
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• Live: Bingo and Aussie skips bosses convicted of cartel conduct, ASX climbs on Nvidia-driven Wall St surge

  22-02-2024 21:41 via abc.net.au
  
  Bingo and Aussie Skips, and their former CEOs, have been convicted of cartel conduct. The Australian share market climbs on global technology optimism after chipmaker Nvidia made history on Wall Street. Follow live.
  
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• Bingo and Aussie skips bosses convicted of cartel conduct, ASX closes higher after Nvidia-driven Wall St surge — as it happened

  22-02-2024 21:41 via abc.net.au
  
  Bingo and Aussie Skips, and their former CEOs, have been convicted of cartel conduct. The Australian share market closed higher on global technology optimism after chipmaker Nvidia made history on Wall Street.
  
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• Why does my local area only have a Coles and Woolworths? It's a decades-long story

  22-02-2024 21:00 via abc.net.au
  
  The story of how Coles and Woolworths came to dominate the Australian supermarket landscape is more than a century in the making.
  
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• 'Prices went up … but they're not coming down': Inside Australia's supermarket duopoly

  22-02-2024 21:00 via abc.net.au
  
  The story of how Coles and Woolworths came to dominate the Australian supermarket landscape is more than a century in the making.
  
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• What does the future of drone delivery look like in Australia?

  22-02-2024 20:42 via abc.net.au
  
  Drone delivery is booming, and Australia's had a years-long head-start globally thanks to the national aviation regulator being ahead of the curb, but the future of the service is still coming into focus.
  
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• Could drones soon be delivering food and medicine to your door?

  22-02-2024 20:42 via abc.net.au
  
  Drone delivery is booming, and Australia's had a years-long head-start globally thanks to the national aviation regulator being ahead of the curve, but the future of the service is still coming into focus.
  
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• Claims of 'bribery' in government's $5 million spend in small town to win support for pumped hydro

  22-02-2024 20:42 via abc.net.au
  
  The Queensland town of Imbil, at the centre of a major clean energy project, has been gifted millions in funding in what the state government has described as a "gesture of goodwill" but some have referred to as "bribery".
  
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• Housing development opponent 'furious' after protest signs pulled down allegedly under instructions of developer

  22-02-2024 20:22 via abc.net.au
  
  Michelle Maroun says homemade signs protesting a proposed 13,000-home development in a village of about 2,600 people were pulled down by crews under the instructions of its developer the morning after residents put them up.
  
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• Red meat industry questions sustainability 'remit' of Australian Dietary Guideline review

  22-02-2024 19:52 via abc.net.au
  
  Sustainability is on the menu for the official review of the national dietary guidelines, but the red meat industry is concerned it will not recognise its work to reduce greenhouse emissions.
  
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• Florence is back to the grind, but Snowy 2.0 has a long way to go

  22-02-2024 19:45 via abc.net.au
  
  After about a year marooned in soft ground, the machine named Florence is on the move again. It's a relief to the trouble-plagued Snowy 2.0 project, but those troubles are not over.
  
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• Worksafe investigating after WA refinery workers are exposed to toxic chemicals

  22-02-2024 10:59 via abc.net.au
  
  The watchdog is investigating after at least 13 workers at Albemarle's Kemerton refinery were treated for chemical exposure, while in a seperate incident a worker was treated for burns at Alcoa's Wagerup alumina refinery.
  
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• Worksafe alerted after WA refinery workers are exposed to toxic chemicals

  22-02-2024 10:59 via abc.net.au
  
  The watchdog has been notified after at least 13 workers at Albemarle's Kemerton refinery were treated for chemical exposure, while in a separate incident a worker was treated for burns at Alcoa's Wagerup alumina refinery.
  
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• SA government to spend $100m on desalination plant and pipeline network 'pre-feasibility study'

  22-02-2024 10:19 via abc.net.au
  
  The South Australian government explores building a desalination plant on the state's Eyre Peninsula that would deliver water to mining and agriculture in the far north.
  
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• Orthocell to tap investors for $3.5m

  22-02-2024 10:00 via businessnews.com.au
  
  Biotechnology company Orthocell will raise $3.5 million, with proceeds put towards its international market expansion strategy.
  
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• Growers to destroy crops as rice blast fungal disease is found near Lismore

  22-02-2024 09:47 via abc.net.au
  
  Alarm bells are ringing in NSW after the fungal disease Rice Blast was identified in crops in the state's north, with authorities moving to prevent it spreading to major growing regions further south.
  
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• Why there's no silver bullet for the nickel pickle facing the Albanese government

  22-02-2024 09:05 via abc.net.au
  
  It's a roller coaster commodity: peaks that can draw prime ministers and billionaires to town, but troughs that could make your stomach drop. So, can Australia hang on for the ride?
  
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• It's known as 'fickle nickel', so why do some analysts think this downturn is different?

  22-02-2024 09:05 via abc.net.au
  
  It's a roller coaster commodity: peaks that can draw prime ministers and billionaires to town, but troughs that could make your stomach drop. So, can Australia hang on for the ride?
  
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• At Close of Business podcast February 22 2024

  22-02-2024 08:55 via businessnews.com.au
  
  Nadia Budihardjo and Mark Beyer discuss the performance of privately owned global contractor Altrad.
  
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• Whittens secures Fortescue contract

  22-02-2024 08:53 via businessnews.com.au
  
  Civil contractor Whittens Group has been awarded a contract for the construction of Fortescue’s newest mine camp, taking its work in hand to $152 million.
  
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• MinRes flags end of lithium acquisitive streak

  22-02-2024 08:53 via businessnews.com.au
  
  Chris Ellison’s Mineral Resources is closing its cheque book to juniors in the lithium sector but is still keen on inking deals with gold miners for battery metals rights.
  
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• Ministers and experts meet to address 'crisis situation' on NSW roads

  22-02-2024 08:53 via abc.net.au
  
  After the sharpest increase in road deaths in 15 years was recorded in 2023, federal and state ministers, as well as experts from home and abroad, have gathered to discuss how to tackle the problem.
  
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• Red 5's revenue up 77pc

  22-02-2024 08:30 via businessnews.com.au
  
  Red 5's revenue increased by 77 per cent in the first six months to December 31 2023 - from $159.8 million to $283.5 million - as the mid-tier gold producer moves closer towards its proposed merger with Silver Lake Resources in June.
  
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• Red 5 revenue up 77pc

  22-02-2024 08:30 via businessnews.com.au
  
  Revenue at goldminer Red 5 increased by 77 per cent in the first six months to December 31 2023 - from $159.8 million to $283.5 million - as the the listed company moves closer towards its proposed merger with Silver Lake Resources, in June.
  
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• Australian shares finish flat, missing Nvidia rally

  22-02-2024 08:07 via businessnews.com.au
  
  The local share market finished basically unchanged, as Fortescue, Qantas, Medibank Private, Tabcorp, Lovisa, Nine Entertainment and others reported earnings.
  
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• Austal to build more border patrol boats

  22-02-2024 07:30 via businessnews.com.au
  
  Defence shipbuilder Austal will build two additional Evolved Cape-class patrol boats for the Australian Navy, in a contract announced the week after an asylum seeker boat arrived at Beagle Bay in the state’s north.
  
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• Court dispute over $26m Davyhurst mine JV

  22-02-2024 07:28 via businessnews.com.au
  
  Ora Banda Mining has accused Greenstone Resources and Ian Gandel’s Riverina of blocking the final sign off for the junior miner’s $26 million joint venture deal with Wesfarmers Chemicals.
  
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• 'Had a meltdown about it': Airbnb hosts cancelling bookings from Taylor Swift fans at last minute

  22-02-2024 07:04 via abc.net.au
  
  Swifties are paying exorbitant prices for hotel beds as some Airbnb hosts cancel last minute in Sydney. 
  
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• Airbnb hosts cancelling bookings from Taylor Swift fans at last minute

  22-02-2024 07:04 via abc.net.au
  
  Swifties are paying exorbitant prices for hotel beds as some Airbnb hosts cancel last minute in Sydney. 
  
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• Minimal intervention at Metricup

  22-02-2024 07:00 via businessnews.com.au
  
  A minimal intervention approach is working wonders at Fraser Gallop Wines.
  
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• Emirates adds travel, comfort offerings

  22-02-2024 07:00 via businessnews.com.au
  
  Emirates will launch a new morning flight to Dubai from December, providing travellers from WA even more choice.
  
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• Seafarms’ prawn project wound up

  22-02-2024 06:30 via businessnews.com.au
  
  The Federal Court has canned a major prawn farm proposal after finding the Seafarms Group’s subsidiary responsible for the project has been trading while insolvent.
  
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• Seafarms’ prawn farm plan wound up

  22-02-2024 06:30 via businessnews.com.au
  
  The Federal Court has canned a major prawn farm proposal after finding the Seafarms Group’s subsidiary responsible for the project has been trading while insolvent.
  
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• Embattled prawn farm project liable for multi-million-dollar payout after being ruled insolvent

  22-02-2024 06:27 via abc.net.au
  
  A bid to build one of the world's largest prawn farms on a remote Northern Territory cattle station has been dealt a major blow.
  
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• Buyers circle retailer Godfreys

  22-02-2024 06:05 via businessnews.com.au
  
  Administrators for mammoth vacuum cleaner retailer Godfreys say multiple “leading retail brands” and investment groups are bidding to buy the troubled business.
  
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• Decmil reduces net loss

  22-02-2024 06:00 via businessnews.com.au
  
  Civil engineering and construction group Decmil reduced its net loss after tax to $1.8 million during the first half of the 2024 financial year, down from $2.5 million during the prior corresponding period.
  
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• Outback bushfire closes main freight link between WA and eastern states

  22-02-2024 04:55 via abc.net.au
  
  Bushfires have closed the Eyre Highway for the second time this summer, with no confirmation of when the critical road route will reopen.
  
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• Eyre Highway to remain closed into the weekend as bushfire continues to burn

  22-02-2024 04:55 via abc.net.au
  
  DFES says limited truck escorts will take place tonight, with the key freight link set to remain closed into Saturday.
  
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• Large ship banned from Australia after sitting stranded in busy port for months during cyclone season

  22-02-2024 04:02 via abc.net.au
  
  Bulk carrier KMAX Leader broke down in a Queensland port in October last year, prompting safety concerns as mechanical issues kept it there for months.
  
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• Pilot Energy $440m solar farm approved

  22-02-2024 03:46 via businessnews.com.au
  
  The Mid West proposal is set to be the largest solar farm in the state.
  
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• Perth Airport passenger traffic soars

  22-02-2024 03:32 via businessnews.com.au
  
  Perth Airport has set an all-time record for January with 1.39 million passengers travelling through the facility.
  
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• Passenger traffic soars at Perth Airport

  22-02-2024 03:32 via businessnews.com.au
  
  Perth Airport has set an all-time record for January with 1.39 million passengers travelling through the facility.
  
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• Committee calls for WA gas market intervention

  22-02-2024 03:26 via businessnews.com.au
  
  Western Australia’s domestic gas policy settings require serious government intervention to protect industry, according to the interim report from the state’s inquiry into the matter.
  
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• Bonza's on-time arrivals improve but major routes still face delays

  22-02-2024 03:22 via abc.net.au
  
  Australians are still suffering from budget airline Bonza's unreliability issues, one year after its launch.
  
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• Bonza claims title for worst on-time arrival results at four Australian airports in January

  22-02-2024 03:22 via abc.net.au
  
  Australians are still suffering from budget airline Bonza's unreliability issues, one year after its launch.
  
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• Hiked dividend delivers $1.22bn for Forrest entities

  22-02-2024 03:01 via businessnews.com.au
  
  Fortescue is set to pay out $3.22 billion in dividends after a substantial lift in its interim profit, with the biggest beneficiaries being Andrew and Nicola Forrest.
  
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