Analyst news

• Live: Supermarket inquiry slammed as 'populism', as former ACCC chair ponders if retailers are actually gouging

  16-04-2024 23:40 via abc.net.au
  
  Meanwhile, the Australian share market is set to trade down, as several major indexes on Wall Street do the same. That is as the head of the US Federal Reserve suggests inflation hasn't been hosed down. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog. 
  
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• Live: ASX to fall, as US markets drop on more US Federal Reserve inflation chatter

  16-04-2024 23:40 via abc.net.au
  
  The head of the US Federal Reserve is suggesting inflation hasn't been hosed down enough, sparking speculation that rates won't be dropped sooner. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog. 
  
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• ASX ends lower amid geopolitical, interest rate uncertainty — as it happened

  16-04-2024 23:40 via abc.net.au
  
  The Australian share market has finished slightly in the red as traders await further indications about the likely path of interest rates and the conflict in the Middle East. See how the day unfolded on our business news blog.
  
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• Pedestrians rush into historic Copenhagen building to save artwork from blaze

  16-04-2024 23:29 via abc.net.au
  
  Bystanders have joined workers to try to save art in Copenhagen's Old Stock Exchange building after a blaze engulfed its spire. Here's what we know. 
  
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• Pain in WA supermarkets set to linger as shoppers face at least another week of stock shortages

  16-04-2024 23:23 via abc.net.au
  
  It's been more than a month since flooding cut off vital freight routes into Western Australia and supermarket shelves are still suffering, with dairy products, meat and other groceries set to remain in short supply for some days yet.
  
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• More empty shelves ahead in WA supermarkets as Coles and Woolworths try to restock stores

  16-04-2024 23:23 via abc.net.au
  
  Dairy products, meat and other groceries are set to remain in limited supply across Western Australia for at least another week, as supermarkets struggle to recover after widespread flooding cut off critical transport routes last month.
  
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• Dairy, meat, other groceries in short supply for another week, one month on from devastating WA floods

  16-04-2024 23:23 via abc.net.au
  
  It's been more than a month since floodwaters cut off vital freight routes into Western Australia, but supermarket shelves are still suffering. Suppliers now admit stock shortages could last another week.
  
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• Hundreds of people found their favourite band was dropped from a festival. Can they get a refund?

  16-04-2024 22:56 via abc.net.au
  
  Organisers of the touring Pandemonium Rocks music festival are refusing full refunds to ticket holders after major changes to the event, despite stipulations in Australian Consumer Law.
  
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• Bruce Lehrmann's costs in failed defamation case set to be astronomically high

  16-04-2024 22:30 via abc.net.au
  
  What happened between Bruce Lehrmann and Brittany Higgins in a ministerial suite at Parliament House in March 2019 has triggered at least a dozen avenues of legal action so far — and the costs of all this litigation are set to be many millions.
  
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• Bypass takes trucks off Penola's main street but at what cost?

  16-04-2024 22:03 via abc.net.au
  
  It has been four years since a contentious bypass directed trucks away from Penola, opening just before COVID-19 border restrictions in a double whammy that led to lost trade for businesses, but locals say the town is bouncing back.
  
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• Tasmania is riddled with hundreds of fading and vanishing towns. Where did they go wrong?

  16-04-2024 21:30 via abc.net.au
  
  On Tasmania's wild west coast, towns have risen and fallen at the whim of industry. Some of their oldest living inhabitants remember their former homes, and how their communities came undone.
  
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• Behind the fake Dr Karls on Facebook is a murky world of scammers, AI, mystery pills and elusive companies

  16-04-2024 21:30 via abc.net.au
  
  Scammers on Facebook and Instagram are using a fake, AI-generated Dr Karl to sell health pills to Australians. When users reported the ads to Meta, the company initially said there was nothing wrong with them.
  
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• A fake AI-generated Dr Karl is scamming Australians and the real Dr Karl can't stop it

  16-04-2024 21:30 via abc.net.au
  
  Scammers on Facebook and Instagram are using a fake, AI-generated Dr Karl to sell health pills to Australians. When users reported the ads to Meta, the company initially said there was nothing wrong with them.
  
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• Critical minerals projects to receive $585 million in federal government loans

  16-04-2024 21:00 via abc.net.au
  
  Critical minerals projects in Queensland and South Australia will receive hundreds of millions of dollars in federal government loans as part of the government's plan for a "future made in Australia".
  
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• Four years after COVID shuttered borders, where the bloody hell are the international tourists? 

  16-04-2024 20:51 via abc.net.au
  
  The return of international tourists to Australia appears to be stalling, with numbers almost 30 per cent down on 2019. So how do we get them back?
  
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• Four years after COVID shuttered borders, millions of international tourists are nowhere to be seen

  16-04-2024 20:51 via abc.net.au
  
  The return of international tourists to Australia appears to be stalling, with numbers almost 30 per cent down on 2019. So how do we get them back?
  
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• At Close of Business podcast April 16 2024

  16-04-2024 09:57 via businessnews.com.au
  
  Justin Fris and Jack McGinn discuss the business of major sports in Western Australia.
  
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• Chevron’s Gorgon fund open to innovators

  16-04-2024 09:46 via businessnews.com.au
  
  Applications are open on a $40 million state government decarbonisation program, funded by Chevron Australia in recognition of the performance of its Gorgon carbon capture facility.
  
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• Production increase for Pantoro

  16-04-2024 09:30 via businessnews.com.au
  
  Gold miner Pantoro overcame lower than anticipated production in January at its Norseman gold project to produce 19,235 ounces of gold for the March 2024 quarter, up from 18,185oz in December 2023.
  
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• Aust shares plunge on Mideast tension, rising yields

  16-04-2024 09:25 via businessnews.com.au
  
  The ASX200 index has suffered its second-worst loss in 13 months, dropping to an eight-week low as prospects dimmed further for quick US rate cuts.
  
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• Aust shares plunge on Middle East tension, rising yields

  16-04-2024 09:25 via businessnews.com.au
  
  The ASX200 index has suffered its second-worst loss in 13 months, dropping to an eight-week low as prospects dimmed further for quick US rate cuts.
  
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• WA expands its Asian footprint

  16-04-2024 09:00 via businessnews.com.au
  
  The state government has announced it will expand Western Australia's presence in south-east Asia, by spending $4.4 million in the upcoming 2024-25 state budget to establish a second investment and trade commissioner role.
  
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• WA expands footprint in Asia

  16-04-2024 09:00 via businessnews.com.au
  
  The state government has announced it will expand Western Australia's presence in South-East Asia by spending $4.4 million in the upcoming 2024-25 state budget to establish a second investment and trade commissioner role.
  
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• EY cutting 148 jobs

  16-04-2024 08:57 via businessnews.com.au
  
  Major consulting firm EY has made another round of redundancies, cutting 148 roles from its Oceania financial services and consulting business.
  
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• SCEE wins $50m electrical contracts

  16-04-2024 08:53 via businessnews.com.au
  
  Perth-based Southern Cross Electrical Engineering has secured about $50 million worth of contracts for work at data centres and projects across the country.
  
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• Federal EPA incoming but reform delayed

  16-04-2024 08:30 via businessnews.com.au
  
  Premier Roger Cook has backed the state’s environmental approvals process to meet national standards, as his federal counterparts unveiled a new statutory body but delayed full legal reform.
  
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• State commits $13.5m for Hedland seafarers

  16-04-2024 08:08 via businessnews.com.au
  
  Seafarers visiting the world’s largest bulk export port will soon have new facilities to enjoy
  
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• Kewdale industrial sale attracts record price

  16-04-2024 07:44 via businessnews.com.au
  
  An eastern states buyer purchased the $4.5m property, with a view to expand their business.
  
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• Sapien Cyber to be wound up

  16-04-2024 07:25 via businessnews.com.au
  
  Perth cyber security startup Sapien Cyber will be wound up after no bids were received to restructure or recapitalise the business, now in the hands of liquidators.
  
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• Rio Tinto iron ore boss appointed CMEWA president

  16-04-2024 06:23 via businessnews.com.au
  
  Rio Tinto iron ore chief Simon Trott has been appointed president the Chamber of Minerals and Energy of Western Australia, succeeding BHP's Brandon Craig.
  
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• KMS exports first product out of Broome

  16-04-2024 06:10 via businessnews.com.au
  
  The first shipment of mineral sands has been exported out of the Port of Broome, marking a milestone for the region.
  
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• Another major festival silenced as 'panic' ripples through music industry

  16-04-2024 06:05 via abc.net.au
  
  The Australian music industry has suffered another damaging blow after the cancellation of Queensland's long-running Caloundra Music Festival.
  
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• New World taps investors for $20.4m

  16-04-2024 06:00 via businessnews.com.au
  
  Shares in New World Resources dipped by 14 per cent on Tuesday morning, following news that the Subiaco-based company will raise $20.4 million to advance its Antler copper project in the American state of Arizona.
  
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• Malaga depot to be converted for electric buses

  16-04-2024 05:58 via businessnews.com.au
  
  The Malaga Bus Depot is set to be the first existing site to be "substantially converted" to operate a fleet of locally built electric buses, arriving onsite by March 2025.
  
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• Student housing plan on Pyke’s site expands

  16-04-2024 05:24 via businessnews.com.au
  
  Nearly 100 beds and two storeys have been added to a $40 million student accommodation project, to be built on a Perth CBD site owned by a syndicate that includes West Coast Eagles boss Don Pyke.
  
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• Woolworths CEO Brad Banducci threatened with six months prison for holding Senate in contempt

  16-04-2024 04:33 via abc.net.au
  
  Woolworths boss Brad Banducci was warned he could face six months in prison or a $5,000 fine if he was held in contempt by the Senate for failing to answer questions at the inquiry into supermarket pricing.
  
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• Woolworths CEO Brad Banducci threatened with six months in prison for holding Senate in contempt

  16-04-2024 04:33 via abc.net.au
  
  Woolworths boss Brad Banducci was warned he could face six months in prison or a $5,000 fine if he was held in contempt by the Senate for failing to answer questions at the inquiry into supermarket pricing.
  
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• Greens senator threatens Woolworths CEO with six months in prison for contempt of Senate

  16-04-2024 04:33 via abc.net.au
  
  Woolworths boss Brad Banducci was warned he could face six months in prison or a $5,000 fine if he was held in contempt by the Senate for failing to answer questions at the inquiry into supermarket pricing.
  
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• Goyder’s pitch ahead of Woodside AGM

  16-04-2024 02:59 via businessnews.com.au
  
  Woodside Energy chair Richard Goyder has penned a letter to shareholders, acknowledging conjecture over the company’s environmental performance ahead of its AGM next week.
  
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• Macmahon to acquire Decmil

  16-04-2024 02:54 via businessnews.com.au
  
  Mining services player Macmahon Holdings is set to acquire mid-sized rival Decmil Group under an almost $47 million deal.
  
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• Woolworths boss denies supermarket is price gouging

  16-04-2024 02:12 via businessnews.com.au
  
  Woolworths chief executive Brad Banducci has defended the supermarket's practices at a fiery parliamentary inquiry hearing.
  
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• Fractured green push comes with a cost

  16-04-2024 02:00 via businessnews.com.au
  
  Having strongly held beliefs is one thing, but preparedness to pay extra for them is at the heart of the debate over WA’s critical resources.
  
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• UTAS Law School confirms it won't move from Sandy Bay campus into Hobart's CBD

  16-04-2024 01:05 via abc.net.au
  
  The University of Tasmania's push to move its law school into a purpose-built multi-million-dollar building in Hobart's CBD hits a roadblock, with the faculty head announcing it will instead stay at Sandy Bay.
  
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• Despite a $131m CBD building refurb, UTAS's Law School confirms it won't move from Sandy Bay

  16-04-2024 01:05 via abc.net.au
  
  The University of Tasmania's push to move its law school into a purpose-built multi-million-dollar building in Hobart's CBD hits a roadblock, with the faculty head announcing it will instead stay at Sandy Bay.
  
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