Analyst news

• Bank of Queensland confirms 400 job cuts, ASX hits tenth-straight day of gains despite recession warning — as it happened

  21-08-2024 23:53 via abc.net.au
  
  The ASX200 made its tenth-straight day of gains despite fresh warnings that Australia's economy may be heading towards a recession. Catch up on the day's events and insights as they happened with our business reporters on the ABC News live markets blog. 
  
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• Jobs data flashes warning Australia is 'heading towards a recession'

  21-08-2024 23:51 via abc.net.au
  
  A major accounting firm says a hiring freeze has hit the Australian private sector, as economists raise a recession warning signal.
  
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• The rise of 'phantom brands' as supermarket giants sneak imports onto shelves, pushing Australian produce out

  21-08-2024 22:02 via abc.net.au
  
  Supermarkets are seemingly offering more brands of frozen veggies than ever ... but is the increasing choice an illusion? 
  
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• Some EV-buyers boycott Tesla as Elon Musk backs Trump

  21-08-2024 22:00 via abc.net.au
  
  Data provided exclusively to the ABC shows Tesla's "brand health" in Australia has plummeted as some EV buyers say, "Musk has convinced me I don't want to buy a Tesla".
  
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• Does Tesla have a Musk problem? Data shows its reputation in Australia is tanking as sales fall

  21-08-2024 22:00 via abc.net.au
  
  Data provided exclusively to the ABC shows Tesla's "brand health" in Australia has plummeted as some EV buyers say, "Musk has convinced me I don't want to buy a Tesla".
  
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• The ugly truth behind the cheap flowers we buy at the supermarket checkout

  21-08-2024 20:45 via abc.net.au
  
  A bouquet of flowers is the go-to gift for many special occasions but the world is paying a high price for transporting our out-of-season blooms.
  
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• Do you really know where the flowers you buy come from? You might be shocked

  21-08-2024 20:45 via abc.net.au
  
  A bouquet of flowers is the go-to gift for many special occasions but the world is paying a high price for transporting our out-of-season blooms.
  
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• How TikTok helped Maddy eliminate her credit card debt

  21-08-2024 10:15 via abc.net.au
  
  It's Pay Day! Content creator Maddy MacRae answers all the money questions we don't like to talk about as we seek to demystify personal finance and normalise conversations about how we think about money, what we earn and how we spend it.
  
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• $15k in debt and out of work, Maddy started posting on TikTok — then it changed her life

  21-08-2024 10:15 via abc.net.au
  
  It's Pay Day! Content creator Maddy MacRae answers all the money questions we don't like to talk about as we seek to demystify personal finance and normalise conversations about how we think about money, what we earn and how we spend it.
  
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• Nicheliving debts total $76m, tribunal told

  21-08-2024 10:10 via businessnews.com.au
  
  Nicheliving's residential building arm signed four years worth of work in one year in 2020, the tribunal was told, as it's debts total $76 million.
  
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• At Close of Business podcast August 21 2024

  21-08-2024 10:01 via businessnews.com.au
  
  Tom Zaunmayr and Isabel Vieira discuss the strength and needs of the WA franchising industry.
  Plus BGC agrees to sell its commercial arm; BHP trial first electric excavator; and Claremont Quarter sale finalised.
  
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• Iluka investors in dark on $1.8bn project

  21-08-2024 09:59 via businessnews.com.au
  
  Iluka Resources said today construction of its Eneabba rare earths refinery was dependent on getting more government support to meet higher costs but was unable to update shareholders.
  
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• 'I was toxic', Higgins said about Reynolds relationship

  21-08-2024 09:52 via businessnews.com.au
  
  Brittany Higgins felt toxic and told the journalist who broke the story about her alleged rape in Parliament House that Senator Linda Reynolds hated her.
  
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• Aussie shares in late comeback to extend winning streak

  21-08-2024 09:52 via businessnews.com.au
  
  After being down as much as 0.5 per cent in morning trading, the ASX200 gained steadily in the afternoon to finish slightly in the green and above 8,000.
  
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• Landgate finds new chief in Scully

  21-08-2024 09:45 via businessnews.com.au
  
  Trish Scully has been revealed as the new chief executive for state government agency Landgate, commencing a five-year term from September 2.
  
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• Perseus in $66 million share windfall

  21-08-2024 09:32 via businessnews.com.au
  
  Cashed-up African gold producer Perseus Mining will reap $66 million from the sale of shares in Toronto-listed Montage Gold Corp, acquired in its $215 million 2022 takeover of Orca Gold.
  
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• ‘Beer me’ surely beats cleaning up the mess

  21-08-2024 09:00 via businessnews.com.au
  
  Training robots to perform reasonably simple tasks requires a huge engineering effort.
  
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• Regis decision fallout as dust clears

  21-08-2024 08:54 via businessnews.com.au
  
  Analysis: The political fallout has continued from Tanya Plibersek’s shock ruling against a tailings dam at Regis Resources’ McPhillamys gold project in New South Wales, formally revealed on Monday.
  
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• The Bachelor's fitness app under microscope in new 'subscription traps' survey

  21-08-2024 08:53 via abc.net.au
  
  A new survey by consumer advocates say getting out of a subscription for an online meal planning service or fitness app needs to be made easier, or illegal.
  
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• McConnell Dowell aims for ASX listing

  21-08-2024 08:52 via businessnews.com.au
  
  Engineering and construction contractor McConnell Dowell, including its subsidiary Built Environs, is aiming to list on the ASX as part of a restructuring by its South African parent.
  
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• Outback mayor insists tourism town is safe after brazen family caravan theft

  21-08-2024 08:51 via abc.net.au
  
  Mayor Kate Peddle has insisted that Hughenden is a safe town for tourists after a caravan was stolen with a family of five still inside on Monday night.
  
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• Box ticking a turn-off for gen Z

  21-08-2024 08:51 via businessnews.com.au
  
  A recent forum connecting tech business leaders with members of gen Z produced some positive outcomes.
  
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• 'Ticking all the boxes from RSPCA's perspective': New Spirit of Tasmania ferries to have pet-friendly cabins after welfare concerns

  21-08-2024 08:44 via abc.net.au
  
  Pets travelling on the new Spirit of Tasmania ferries will be allowed to bunk with their owners in designated cabins or stay in secure kennels.
  
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• Pet-friendly cabins on new Bass Strait ferries given stamp of approval by RSPCA

  21-08-2024 08:44 via abc.net.au
  
  Pets travelling on the new Spirit of Tasmania ferries will be allowed to bunk with their owners in designated cabins or stay in secure kennels.
  
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• Lycopodium shares drop despite profit record

  21-08-2024 08:40 via businessnews.com.au
  
  Perth-based Lycopodium’s share price fell more than 12 per cent today, despite the company reporting a record post-tax net profit of $50.7 million off $348.9 million of revenue.
  
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• Charter Hall posts loss

  21-08-2024 08:31 via businessnews.com.au
  
  The property fund has reported a $222 million loss in its full year results, but its share price has lifted.
  
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• Supacell praised for raising awareness of sickle cell disease. So, what is it?

  21-08-2024 08:30 via abc.net.au
  
  Supacell rose to the number one spot in Netflix's global TV series list and remained in the top 10 for six weeks. The show, in which five newly minted superheroes adjust to their new powers, is prompting important conversations about sickle cell disease. 
  
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• Industrial property boosts Schaffer

  21-08-2024 08:01 via businessnews.com.au
  
  Schaffer Corporation has reported a doubling in annual profit to $27.1 million, helped by a big revaluation of its large Jandakot industrial property.
  
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• Industrial property boost Schaffer

  21-08-2024 08:01 via businessnews.com.au
  
  Schaffer Corporation has reported a doubling in annual profit to $27.1 million, helped by a big revaluation of its large Jandakot industrial property.
  
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• Commissioner confirms WA Police review into forensics 'error' that saw alleged gold thieves walk free

  21-08-2024 08:01 via abc.net.au
  
  Commissioner Col Blanch says an internal review is underway into how the trial of two alleged gold thieves was abandoned before it could begin.
  
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• Nurses in border town walked off job for first time, saying they are undervalued and underpaid

  21-08-2024 08:00 via abc.net.au
  
  Nurses at a private hospital on the New South Wales-Victoria border have taken part in industrial action, walking off the job for the first time in the hospital's history.
  
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• Disney drops attempt to avoid wrongful death lawsuit after backlash

  21-08-2024 06:55 via abc.net.au
  
  The company previously argued it could not be taken to court after the victim's husband took out a trial subscription to its streaming service, Disney+. 
  
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• Devico results buoy weak Imdex

  21-08-2024 06:32 via businessnews.com.au
  
  A record group revenue spurred by the acquisition of Devico wasn’t enough to offset tough market conditions for Imdex, as the company posted a seven per cent decline in net profit.
  
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• Scentre Group’s profit up, valuations down

  21-08-2024 06:09 via businessnews.com.au
  
  The shopping centre giant has reported a $255 million profit increase for the first six months of the year.
  
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• Scentre Group profit up, valuations down

  21-08-2024 06:09 via businessnews.com.au
  
  The shopping centre giant has reported a $255 million profit increase for the first six months of the year.
  
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• Santos non-committal on WA future

  21-08-2024 05:09 via businessnews.com.au
  
  LNG producer Santos extended the life of its Reindeer gas field into the second half of 2024, but the future of its WA portfolio remains clouded in the longer term.
  
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• Mount Gibson fills coffers, reveals buyback

  21-08-2024 05:00 via businessnews.com.au
  
  Koolan Island’s high-grade ores have tripled Mount Gibson Iron’s cash reserves to $442 million in the past year amid a volatile price climate.
  
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• Mount Gibson fills coffers, reveals buy-back

  21-08-2024 05:00 via businessnews.com.au
  
  Koolan Island’s high-grade ores have tripled Mount Gibson Iron’s cash reserves to $442 million in the past year amid a volatile price climate.
  
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• BGC to sell commercial construction arm

  21-08-2024 04:58 via businessnews.com.au
  
  BGC director Julian Ambrose is purchasing the commercial building division, via a share sale.
  
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• Cedar Woods posts 28pc profit jump

  21-08-2024 04:48 via businessnews.com.au
  
  Property developer Cedar Woods has posted a $40.5 million net profit, a result far exceeding its guidance range and a 28 per cent uptick on the previous year.
  
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• Fels wins Swan preselection

  21-08-2024 04:13 via businessnews.com.au
  
  Grain farmer Mic Fels has been pre-selected to contest the Swan electorate for the Liberal Party at the 2025 federal election.
  
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• BHP powers up electric excavator

  21-08-2024 03:55 via businessnews.com.au
  
  BHP has flicked the switch on its first electric excavator for a trial run at its Yandi iron ore mine in the Pilbara.
  
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• Traditional owner who helped catch illegal fishers frustrated by lack of action

  21-08-2024 03:29 via abc.net.au
  
  Adrian Lane helped alert border force to the presence of multiple Indonesian fishing boats at Kuri Bay, but the Dambimangari man is frustrated more than a dozen fishers are yet to face any criminal charges.
  
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• Jetstar faces class action over cancelled flights during the COVID-19 pandemic

  21-08-2024 03:24 via abc.net.au
  
  Jetstar faces a class action over cancelled flights during the COVID-19 pandemic, with its flight credits program under scrutiny. 
  
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• Perth physio building sells

  21-08-2024 03:00 via businessnews.com.au
  
  Private investors have snapped up a Bulwer Street property for $2.51 million.
  
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• Empowering women in remote Indigenous communities and tackling fashion waste recognised in rural women's award

  21-08-2024 02:15 via abc.net.au
  
  Northern Territory's Tanya Egerton founded the Remote Opshop Project after responding to a call for help from a group of Indigenous women.
  
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• Patience, support key to franchise success

  21-08-2024 02:14 via businessnews.com.au
  
  Franchising has proven to be an enduring business model, yet many Australians are surprised to learn how prevalent the sector is.
  
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• Hawaiian to buy Claremont Quarter stake

  21-08-2024 02:00 via businessnews.com.au
  
  The 50 per cent acquisition will make the family office a full owner of the retail centre.
  
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• Once destined for the tip, these low-grade blueberries are being turned into wine

  21-08-2024 00:37 via abc.net.au
  
  A food recycling charity has taken blueberries destined for the tip to create a zero-alcohol wine alternative, which is now being served in restaurants and ultimately helping feed more people. 
  
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• SunCable receives environmental approval from Albanese government for Australia-Asia Power Link

  21-08-2024 00:19 via abc.net.au
  
  SunCable's Australia-Asia Power Link project in the remote Northern Territory has received crucial approval from the Commonwealth government.
  
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