Analyst news

• Live: Inflation rises in Canada weeks after cutting interest rates, ASX falls ahead of local inflation data

  25-06-2024 23:42 via abc.net.au
  
  The Australian share market is trading lower on Wednesday as investors wait for the latest monthly inflation data for May to be released by the Australian Bureau of Statistics. Follow live.
  
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• Live: Inflation climbs to 4 per cent in May, exceeding economists' expectations

  25-06-2024 23:42 via abc.net.au
  
  Inflation rose to 4 per cent in the 12 months to May, according to the latest data by the Australian Bureau of Statistics. Economists had broadly expected inflation to rise slightly to 3.8 per cent. Follow live.
  
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• Live: Inflation accelerates in Canada weeks after cutting interest rates, ASX to fall ahead of local inflation data

  25-06-2024 23:42 via abc.net.au
  
  After Canada's central bank cut interest rates earlier this month, the country's inflation rate has accelerated slightly in May. Meanwhile, Australia's consumer price index data for May will be released later today. Follow live.
  
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• ASX drops as inflation climbs to 4 per cent in May, exceeding economists' expectations — as it happened

  25-06-2024 23:42 via abc.net.au
  
  Inflation rose to 4 per cent in the 12 months to May, according to the latest data by the Australian Bureau of Statistics. Economists had broadly expected inflation to rise slightly to 3.8 per cent. Catch up on the day's news in the business blog. 
  
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• Summer May knew a lack of childcare was harming her career. So she teamed up with another parent to find the proof

  25-06-2024 23:32 via abc.net.au
  
  Determined parents battling childcare waiting list stress have gathered crucial data to advocate for solutions ahead of a Productivity Commission report into the sector.
  
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• Mums who gathered their own data to advocate for childcare solutions finds over 65pc wait more than 18 months for a spot

  25-06-2024 23:32 via abc.net.au
  
  Determined parents battling childcare waiting list stress have gathered crucial data to advocate for solutions ahead of a Productivity Commission report into the sector.
  
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• Mums who gathered their own data to advocate for childcare solutions find over 65pc wait more than 18 months for a spot

  25-06-2024 23:32 via abc.net.au
  
  Determined parents battling childcare waiting list stress have gathered crucial data to advocate for solutions ahead of a Productivity Commission report into the sector.
  
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• Bonza’s directors accused of trading while insolvent, creditors may walk away with nothing

  25-06-2024 23:04 via abc.net.au
  
  Administrators for collapsed airline Bonza say the company likely traded while insolvent, with the company's directors to be referred to the corporate regulator for investigation.
  
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• Homeowners selling up and making hundreds of thousands of dollars

  25-06-2024 22:08 via abc.net.au
  
  Australian property resales reached their highest rate of profitability since July 2010 in the first quarter of the year, according to a new report from CoreLogic.
  
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• Home owners selling up and making hundreds of thousands of dollars

  25-06-2024 22:08 via abc.net.au
  
  Australian property resales reached their highest rate of profitability since July 2010 in the first quarter of the year, according to a new report from CoreLogic.
  
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• South Australian government explores reopening old rail lines to help keep city connected

  25-06-2024 22:03 via abc.net.au
  
  Can trains help fix South Australia's long-term housing crisis? Labor is looking at a major rail revamp to improve services and get people out of their cars and onto the train network.
  
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• Some young people hooked on vapes are turning to another alternative — cigarettes

  25-06-2024 21:56 via abc.net.au
  
  Luke Walles says sometimes he feels better smoking a cigarette than vaping. For health experts, that's a problem.
  
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• The wicked problem plaguing the world's most beautiful places might have a solution.

  25-06-2024 21:17 via abc.net.au
  
  Could a cap-and-trade system help address the chronic housing shortages in popular tourist destinations around Australia?
  
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• As locals are being priced out of popular tourist towns, a radical solution is being proposed to help them stay

  25-06-2024 21:17 via abc.net.au
  
  Could a cap-and-trade system help address the chronic housing shortages in popular tourist destinations around Australia?
  
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• With big wind and solar projects stalling, the market operator suggests rooftop solar will continue to do the heavy lifting

  25-06-2024 16:03 via abc.net.au
  
  With big wind and solar projects stalling, the energy market operator forecasts that Australian households will continue to do the heavy lifting in the renewables transition, with four out of five homes to have rooftop solar by 2050. 
  
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• Rooftop solar is doing the heavy lifting in the clean energy transition but the next step is supercharging household batteries

  25-06-2024 16:03 via abc.net.au
  
  With big wind and solar projects stalling, the energy market operator forecasts that Australian households will continue to do the heavy lifting in the renewables transition, with four out of five homes to have rooftop solar by 2050. 
  
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• Household batteries could save the nation $4 billion, according to energy market operator

  25-06-2024 16:03 via abc.net.au
  
  With big wind and solar projects stalling, the energy market operator forecasts that Australian households will continue to do the heavy lifting in the renewables transition, with four out of five homes to have rooftop solar by 2050. 
  
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• Planning hurdle for Fiveight’s Indiana plan

  25-06-2024 14:18 via businessnews.com.au
  
  Andrew and Nicola Forrest’s Fiveight will reconsider its options over the Indiana Teahouse redevelopment after Cottesloe council opposed the proposal.
  
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• High hopes for tourism boost as Broome-Singapore flights resume

  25-06-2024 12:02 via abc.net.au
  
  The first international route flying directly into regional WA since the state's borders reopened has marked an "incredible" tourism opportunity.
  
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• Medtech innovators win govt support

  25-06-2024 11:39 via businessnews.com.au
  
  Neurotologix, REX Ortho, VeinTech and CoraMetix were among the big winners of a $5 million round of grant funding under the state’s Future Health Research and Innovation Seed Fund.
  
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• Port upgrade for new Spirit of Tasmania ferries to cost $375m, not $90m as first flagged

  25-06-2024 11:19 via abc.net.au
  
  A quote to upgrade the Tasmanian port facility to accommodate the new Spirit of Tasmania ferries has blown out from $90 million in 2020, to $375 million just four years later.
  
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• Port upgrade for new Spirit of Tasmania ferries to cost $375m, not $90m

  25-06-2024 11:19 via abc.net.au
  
  A quote to upgrade the Tasmanian port facility to accommodate the new Spirit of Tasmania ferries has blown out from $90 million in 2020, to $375 million just four years later.
  
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• Port upgrade for new Spirit of Tasmania ferries blows out to four times original quote

  25-06-2024 11:19 via abc.net.au
  
  A quote to upgrade the Tasmanian port facility to accommodate the new Spirit of Tasmania ferries has blown out from $90 million in 2020, to $375 million just four years later.
  
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• Sierra shareholders back de Bruyn

  25-06-2024 10:00 via businessnews.com.au
  
  Sierra Rutile shareholders have backed Theuns de Bruyn to remain as the company's managing director and chief executive officer, following a vote at its extraordinary general meeting on Tuesday afternoon.
  
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• Whyalla blast furnace takes important step towards restart

  25-06-2024 09:56 via abc.net.au
  
  Though it's unlikely that Whyalla's steelworks will be fully operational by June, experts working on restarting the blast furnace have reached an important milestone, extracting molten metal from a normal taphole for the first time since March.
  
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• At Close of Business podcast June 25 2024

  25-06-2024 09:43 via businessnews.com.au
  
  Sam Jones speaks to Nadia Budihardjo about Australia’s cyber security target and priority.
  
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• Victoria focus as Kaiser Reef exits NSW

  25-06-2024 09:39 via businessnews.com.au
  
  Subiaco-based junior explorer Kaiser Reef has entered an agreement to divest its NSW exploration assets for $3.625 million.
  
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• Kaiser Reef exits NSW to focus on VIC

  25-06-2024 09:39 via businessnews.com.au
  
  Subiaco-based junior explorer Kaiser Reef has entered an agreement to divest its New South Wales exploration assets for $3.625 million.
  
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• Lawson and Tonkin sell shares

  25-06-2024 09:22 via businessnews.com.au
  
  Newly installed Red 5 boss Luke Tonkin and Spartan Resources counterpart Simon Lawson have both elected to sell off shares, amid a busy month for their respective companies.
  
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• Australian shares rally to two-week high as EOFY looms

  25-06-2024 09:22 via businessnews.com.au
  
  The ASX200 finished up 1.4 per cent to close at its highest level since June 7, with every sector in the green.
  
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• NSW announces strata management industry reforms, including stricter rules on commissions and conflicts of interest

  25-06-2024 09:20 via abc.net.au
  
  The NSW government pledges to "stamp out bad behaviour" and strengthen oversight of the state's strata management industry in the wake of an ongoing ABC investigation that has revealed the systemic exploitation of unit owners and a widespread culture of kickbacks and secret commissions.
  
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• As evidence builds of strata managers exploiting apartment owners, NSW promises tougher penalties for 'bad behaviour'

  25-06-2024 09:20 via abc.net.au
  
  The NSW government pledges to "stamp out bad behaviour" and strengthen oversight of the state's strata management industry in the wake of an ongoing ABC investigation that has revealed the systemic exploitation of unit owners and a widespread culture of kickbacks and secret commissions.
  
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• Perth couple in critical condition after burning coal in bedroom to stay warm

  25-06-2024 08:55 via abc.net.au
  
  A middle aged couple is rushed to hospital from their Perth home after inhaling fumes when they tried to burn coal to stay warm amid cold overnight temperatures.
  
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• Perth couple in critical condition after burning charcoal in bedroom to stay warm

  25-06-2024 08:55 via abc.net.au
  
  A middle aged couple is rushed to hospital from their Perth home after inhaling fumes when they tried to burn charcoal to stay warm amid cold overnight temperatures.
  
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• Grants support new tech commercialisation

  25-06-2024 08:30 via businessnews.com.au
  
  Watermans Bay-based seaweed biotechnology company Uluu is among 49 local innovators to win the backing of a government fund designed to help scale WA business ideas.
  
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• Northam fined over tree clearance

  25-06-2024 08:17 via businessnews.com.au
  
  The Shire of Northam has been fined after clearing hundreds of trees along 2.2 kilometres of a road without a permit.
  
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• Pour one out for Tasmanian brewed, as Boags moves some of its production to mainland

  25-06-2024 08:10 via abc.net.au
  
  A premium beer deeply associated with Tasmania will move operations for its mainland sales off the island to stem rising costs.
  
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• Iconic beer reliant on 'pure Tasmanian waters' to send production in part to mainland Australia

  25-06-2024 08:10 via abc.net.au
  
  A premium beer deeply associated with Tasmania will move operations for its mainland sales off the island to stem rising costs.
  
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• Boags boasts beer made with 'pure Tasmanian waters', but now says some production is moving to the mainland

  25-06-2024 08:10 via abc.net.au
  
  A premium beer deeply associated with Tasmania will move operations for its mainland sales off the island to stem rising costs.
  
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• Inaugural Broome to Singapore flight takes off

  25-06-2024 08:06 via businessnews.com.au
  
  For the first time since the beginning of the global pandemic, an international route has returned to regional WA with the launch of Broome to Singapore by Jetstar.
  The flight took to the skies today and will run twice weekly from June 25 to October 26 each year via an Airbus A320.
  
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• Cosmos Exploration adds to Canada portfolio

  25-06-2024 08:01 via businessnews.com.au
  
  Subiaco-based junior Cosmos Exploration has increased its uranium portfolio in Canada, following the acquisition of two additional projects in the Thelon Basin.
  
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• AI will teach us lessons

  25-06-2024 08:00 via businessnews.com.au
  
  Technology may be the answer to delivering quality education if it is allowed to be used well.
  
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• Water bills to jump by $80 a year as SA premier says future generations will 'wear a bit of debt'

  25-06-2024 06:40 via abc.net.au
  
  Average SA household water bills will increase by $80 each year to help pay for $1.5 billion worth of new mains water and sewerage connections to rapidly growing Adelaide suburbs.
  
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• Banking watchdog finds Westpac guilty of 'serious breaches' over sudden closure of remote NT branch

  25-06-2024 05:32 via abc.net.au
  
  Australia's banking watchdog has publicly sanctioned Westpac over the bank's sudden branch closure in the isolated Northern Territory town of Tennant Creek. 
  
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• Rare Welshpool asset transacts

  25-06-2024 05:26 via businessnews.com.au
  
  The industrial building has changed hands for the first time in three decades.
  
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• Proteomics to sell PromarkerD in France

  25-06-2024 05:23 via businessnews.com.au
  
  Nedlands-based health tech innovator Proteomics International Laboratories has appointed Eurobio Scientific to distribute its PromarkerD test in France.
  The PromarkerD blood test uses a unique protein biomarker to diagnose and predict a person’s risk of developing diabetic kidney disease.
  
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• Antoinette Lattouf's case against ABC to head to federal court after mediation fails

  25-06-2024 05:02 via abc.net.au
  
  Earlier this month the Fair Work Commission ruled Ms Lattouf had been sacked by the ABC when she was taken off air part way through a radio presenting stint on ABC Radio Sydney last December.
  
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• Meteoric signs MOU with SENAI

  25-06-2024 05:00 via businessnews.com.au
  
  Meteoric Resources has signed a memorandum of understanding with the SENAI Regional Development of Minas Gerais, which owns Brazil-based magnet facility unit Lab Fab.
  
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• Bhagwan prepares for $80m IPO

  25-06-2024 04:48 via businessnews.com.au
  
  Bhagwan Marine is gearing up to launch its $80 million initial public offering by the end of July, which would value the Kannikoski family at about $70 million.
  
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• Piper Alderman takes Exchange Tower space, welcomes Wheeler

  25-06-2024 04:14 via businessnews.com.au
  
  Piper Alderman will find a new home in the Exchange Tower, as the national law firm welcomes new partner Catherine Wheeler.
  The firm will take out level 27 of the tower, moving from its Allendale Square location three years after first opening its Perth office.
  
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