Analyst news

• Renewable energy zone fails to attract investment leaving coal workers in limbo

  26-02-2024 23:27 via abc.net.au
  
  The Illawarra Renewable Energy Zone attracted $43 billion worth of potential projects that were forecast to create more than 8,000 jobs, but a year after it was declared not a single project is in the pipeline.
  
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• No progress on $43 billion renewable energy zone as mine closures loom

  26-02-2024 23:27 via abc.net.au
  
  The Illawarra Renewable Energy Zone attracted $43 billion worth of potential projects that were forecast to create more than 8,000 jobs, but a year after it was declared not a single project is in the pipeline.
  
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• Live: Coles shares surge despite half-year profit falling as supermarket revenue rose, ASX trading lower

  26-02-2024 22:18 via abc.net.au
  
  Shares in Coles have surged despite its profit falling in the six months to December when its supermarket revenue was rising. Meanwhile the ASX is trading lower after the major Wall Street indices finished flat. Follow live.
  
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• Live: Bitcoin surges as shares edge lower

  26-02-2024 22:18 via abc.net.au
  
  The price of the leading cryptocurrency Bitcoin is up close to 6 per cent, while the major Wall Street indices have been flat to slightly lower, with the ASX set to follow suit. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Coles shares surge despite half-year profit falling as supermarket revenue rose, Bitcoin soars 8pc in one day — as it happened

  26-02-2024 22:18 via abc.net.au
  
  Shares in Coles have surged despite its profit falling in the six months to December when its supermarket revenue was rising. Here's how the trading day unfolded.
  
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• Beaches, backyards, and hot weather is why this region's seeing a 75pc jump in property prices

  26-02-2024 21:31 via abc.net.au
  
  Property prices in the Wide Bay region which includes Bundaberg, Hervey Bay, and Maryborough have jumped between 65-75 per cent in the past five years, according to the latest CoreLogic report.
  
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• Beaches, backyards, and hot weather are why this region's seeing a 75pc jump in property prices

  26-02-2024 21:31 via abc.net.au
  
  Property prices in the Wide Bay region which includes Bundaberg, Hervey Bay, and Maryborough have jumped between 65-75 per cent in the past five years, according to the latest CoreLogic report.
  
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• It was to be a tourism drawcard, but it's been 'left to rot' — and locals want to know why

  26-02-2024 19:13 via abc.net.au
  
  The unique sinkhole in Tasmania's remote north-west was meant to be a much-needed tourism drawcard for the area. Instead, the site has fallen into disrepair, leaving locals shocked at its condition. 
  
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• It was to be a tourism draw card, but it's been 'left to rot' — and locals want to know why

  26-02-2024 19:13 via abc.net.au
  
  The unique sinkhole in Tasmania's remote north-west was meant to be a much-needed tourism drawcard for the area. Instead, the site has fallen into disrepair, leaving locals shocked at its condition. 
  
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• Abandoned tourist park called Dismal Swamp 'left to rot' in forest, awaiting funds to save it

  26-02-2024 19:13 via abc.net.au
  
  The unique sinkhole in Tasmania's remote north-west was meant to be a much-needed tourism drawcard for the area. Instead, the site has fallen into disrepair, leaving locals shocked at its condition. 
  
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• Gender pay shock as big gaps revealed in what men and women earn at nation's biggest companies

  26-02-2024 15:01 via abc.net.au
  
  The gender pay gap — the difference between what men and women are paid in the same organisation — is a stubborn problem. Now, explosive new data from a government agency lets 5 million workers know the gap at their employer.
  
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• Airlines, banks, footy clubs: The biggest gender pay gaps in Australia revealed in new data

  26-02-2024 15:01 via abc.net.au
  
  The gender pay gap — the difference between what men and women are paid in the same organisation — is a stubborn problem. Now, explosive new data from a government agency lets 5 million workers know the gap at their employer.
  
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• Trump's 'creepy' Putin relationship a threat, Turnbull says

  26-02-2024 14:54 via abc.net.au
  
  Donald Trump is a "terrifying" threat to democratic order thanks to his "creepy" embrace of autocrats like Vladimir Putin, according to former prime minister Malcolm Turnbull.
  
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• Trump's 'creepy' Putin relationship a threat: former PM

  26-02-2024 14:54 via abc.net.au
  
  Donald Trump is a "terrifying" threat to democratic order thanks to his "creepy" embrace of autocrats like Vladimir Putin, according to former prime minister Malcolm Turnbull.
  
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• Western Yilgarn to raise $1.15m

  26-02-2024 10:00 via businessnews.com.au
  
  Mineral exploration company Western Yilgarn will raise $1.15 million, after expressing a desire to further exploration activities at two of its Western Australian-based projects - Ida Holmes Junction and Julimar West.
  
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• Aust shares finish up despite weakening energy

  26-02-2024 09:08 via businessnews.com.au
  
  After alternating between gains and losses all day, the ASX200 finished up 0.1 per cent despite losses in the energy sector.
  
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• At Close of Business podcast February 26 2024

  26-02-2024 09:06 via businessnews.com.au
  
  Tom Zaunmayr and Jack McGinn discuss public transport disruption along the Armadale line.
  
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• 'Go back to work, or else': South Korea's striking doctors given ultimatum by government

  26-02-2024 08:42 via abc.net.au
  
  South Korea's government tells young doctors they have until the end of February to return to work or risk being punished for staging a week-long protest that has disrupted services for patients at several major hospitals.
  
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• Clarity appoints new CEO

  26-02-2024 08:40 via businessnews.com.au
  
  Perth communications firm Clarity has promoted its senior staffer Anne Gribble to the top role of chief executive amid a flurry of leadership appointments.
  
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• Veris revenue down 7.9pc

  26-02-2024 08:30 via businessnews.com.au
  
  Spatial data services provider Veris has announced an 7.9 per cent reduction in revenue during the first half of the 2024 financial year, citing multiple factors.
  
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• Deep Yellow buoyed by update

  26-02-2024 08:30 via businessnews.com.au
  
  Deep Yellow has the potential to become a multi-mine uranium producer by 2028, according to managing director and chief executive officer John Borshoff.
  
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• Execs give Hrdlicka speculation short shrift

  26-02-2024 08:01 via businessnews.com.au
  
  Senior executives at Virgin Australia have told Business News suggestions that chief executive Jayne Hrdlicka was forced out are “scurrilous nonsense”.
  
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• Nuclear 'bulldust': Forrest slams Coalition and fossil fuel industry for promoting 'fairy godmother' approach to clean energy

  26-02-2024 07:56 via abc.net.au
  
  In a searing Press Club speech, mining and clean energy magnate Andrew "Twiggy" Forrest slams the Coalition and fossil fuel lobby for using nuclear energy "bulldust" to delay the transition to a zero emissions economy.
  
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• Known for being the home of Victoria's coal-fired electricity, could this region go nuclear?

  26-02-2024 07:54 via abc.net.au
  
  Victoria's Latrobe Valley has built its identity on electricity production, but the Coalition's suggestion nuclear power plants could be built at coal sites in the region has drawn criticism.
  
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• Tourism body urges NT government to wind back Alice Springs alcohol restrictions

  26-02-2024 07:51 via abc.net.au
  
  Central Australia's peak tourism body says relaxing bottle shop restrictions is necessary to save the tourism industry with some members reporting a 50 per cent drop in trade since opening hours were reduced.
  
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• Trades Hall Inc buys West Perth office

  26-02-2024 07:25 via businessnews.com.au
  
  The Labor Party associated entity plans to occupy the Havelock Street building.
  
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• State government in leasing talks for shut Bethesda Clinic

  26-02-2024 07:22 via businessnews.com.au
  
  The state government has entered leasing negotiations for the shuttered Bethesda Clinic after the $60 million private mental health centre closed its doors on Friday.
  
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• Biosecurity boost for Australian grains

  26-02-2024 07:10 via businessnews.com.au
  
  A new biosecurity initiative backed by a $42.7 million kitty will bolster the nation’s ability to detect exotic pests and diseases which threaten Australia’s $31 billion grains industry.
  
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• Siren to raise $2.2m, announces key appointment

  26-02-2024 07:00 via businessnews.com.au
  
  ASX-listed Siren Gold will raise $2.2m in a bid to further fund exploration activities at several of its New Zealand-based projects.
  
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• Local farmers to feel EU effects

  26-02-2024 07:00 via businessnews.com.au
  
  Changes to EU farm guidelines will have an impact on Australian grain and oilseed producers.
  
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• Could your student debt be about to change?

  26-02-2024 06:13 via abc.net.au
  
  University students could get cost of living relief in the federal budget, with the education minister considering changes to HECS repayments and unpaid placements.
  
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• Armadale line shutdown shows transport potential

  26-02-2024 06:10 via businessnews.com.au
  
  The Armadale line closure has given a glimpse into how good public transport can be when it is done right.
  
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• Ex-ASIO boss warns on Trump return

  26-02-2024 05:59 via businessnews.com.au
  
  Australia’s former spy agency boss has warned a re-election of Donald Trump to the US presidency risked plunging the world into a global trade war
  
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• Ex-ASIO boss’ warning on Trump return

  26-02-2024 05:59 via businessnews.com.au
  
  Australia’s former spy agency boss has warned a re-election of Donald Trump to the United States’ presidency risked plunging the world into a global trade war
  
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• Monadelphous books $140m in contracts

  26-02-2024 05:33 via businessnews.com.au
  
  Victoria Park-based engineering company Monadelphous Group has secured more work with Shell, Fortescue and Rio Tinto through contracts and extensions worth more than $140 million.
  
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• Zempilas backs shelter to avoid WA govt

  26-02-2024 04:51 via businessnews.com.au
  
  City of Perth Lord Mayor Basil Zempilas will back the next reiteration of the Safe Night Space for women program, claiming it would be inevitably overruled by the state government otherwise.
  
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• Forrest lashes nuclear, energy messaging

  26-02-2024 04:36 via businessnews.com.au
  
  Andrew Forrest has used a National Press Club address to hit out at fossil fuels and nuclear vision, while calling on Australian policy makers “get on with” facilitating a renewable revolution.
  
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• Forrest lashes energy messaging, nuclear advocates

  26-02-2024 04:36 via businessnews.com.au
  
  Andrew Forrest has used a National Press Club address to hit out at fossil fuels and nuclear energy, while calling on Australian policymakers “get on with” facilitating a renewable revolution.
  
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• Czechia eyes Australian military equipment as it seeks to replenish dwindling supplies

  26-02-2024 04:19 via abc.net.au
  
  The Czech government is hopeful Australian defence manufacturers can help bolster the country's dwindling military stockpiles after years of donating equipment to the Ukrainian resistance.
  
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• Lynas profit down 74pc

  26-02-2024 03:00 via businessnews.com.au
  
  Shares in Lynas Rare Earths were slightly up on Monday, despite news the company's net profit after tax for the first half of the 2024 financial year was down 74 per cent.
  
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• Thousands of car parks lost as passenger pick-up zones change at Melbourne Airport

  26-02-2024 02:51 via abc.net.au
  
  Easter travellers are being warned to plan ahead as new passenger drop-off and pick-up arrangements introduced for new Melbourne Airport's entry road.
  
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• Education tech program to cost $189m

  26-02-2024 02:26 via businessnews.com.au
  
  The state government will pour in $189 million into installing a cloud-based technology program for schools that aims to cut red tape for teachers.
  
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• Federal support for Broome import plan

  26-02-2024 02:20 via businessnews.com.au
  
  Expanded import capacity and cruise ship service growth could be on the cards for the Port of Broome, after the federal government reiterated its support for expanded border services.
  
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• Alcoa makes $3.4bn bid for JV partner Alumina Limited

  26-02-2024 01:58 via businessnews.com.au
  
  Major aluminum producer Alcoa has inked a $3.4 billion deal to acquire Alumina Limited in a move it says “reaffirms” its commitment to WA after confirming it would cease production at its Kwinana refinery.
  
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• Senators urged not to 'stuff around' on tax relief

  26-02-2024 01:08 via businessnews.com.au
  
  As Australians continue to struggle with the price of groceries and mortgages, the government has urged senators to quickly pass its reformed tax cuts.
  
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