Analyst news

• ASIC sues Rex, alleging airline misled market on profitability

  10-12-2024 22:41 via abc.net.au
  
  The corporate regulator ASIC is suing Rex Airlines, alleging the company and four of its directors engaged in "deceptive and misleading conduct" over its profitability.
  
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• ASIC sues Rex Airlines, alleging company misled market on profitability

  10-12-2024 22:41 via abc.net.au
  
  The corporate regulator ASIC is suing Rex Airlines, alleging the company and four of its directors engaged in "deceptive and misleading conduct" over its profitability.
  
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• Live: Chemist Warehouse could hit ASX by February, local shares trading lower

  10-12-2024 22:36 via abc.net.au
  
  The Australian share market is trading lower on Wednesday after the RBA left interest rates on hold again, while Chemist Warehouse could make its ASX debut by February. Follow live.
  
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• Live: Aussie dollar 'crunched' by RBA, ASX set to ease

  10-12-2024 22:36 via abc.net.au
  
  The Australian dollar fell by more than 1 per cent following the RBA's meeting and the governor's press conference yesterday, with the ASX expected to ease modestly. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: Aussie dollar 'crunched' by RBA, ASX eases at the open

  10-12-2024 22:36 via abc.net.au
  
  The Australian dollar fell by more than 1 per cent following the RBA's meeting and the governor's press conference yesterday, with the ASX easing modestly at the open. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Chemist Warehouse could hit ASX by February, local shares end lower — as it happened

  10-12-2024 22:36 via abc.net.au
  
  The Australian share market ended lower on Wednesday after the RBA left interest rates on hold again, while Chemist Warehouse announced plans to make its ASX debut next February.
  
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• Singapore's radical solution to global scam epidemic

  10-12-2024 20:27 via abc.net.au
  
  Singaporean scam victims could lose access to their own money as the country ramps up efforts to curb hundreds of millions of dollars lost to scams.
  
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• 'It's a con': Prescribed vapes set to cost taxpayers millions

  10-12-2024 20:08 via abc.net.au
  
  Pharmacy chain Chemist Warehouse and big tobacco have become unlikely rivals, in a battle to gain market share among Australia's nicotine-addicted smokers and vapers.
  
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• Tourism now makes up one-tenth of global emissions

  10-12-2024 20:02 via abc.net.au
  
  As Australians gear up for the holiday season, new research reveals the growing environmental cost of global tourism.
  
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• Desire for travel driving a surge in emissions, researchers say

  10-12-2024 20:02 via abc.net.au
  
  As Australians gear up for the holiday season, new research reveals the growing environmental cost of global tourism.
  
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• Telstra slapped with $3 million fine for triple-0 network outage

  10-12-2024 14:02 via abc.net.au
  
  An investigation found the telecommunications company made 473 breaches during a disruption in March, with Telstra's Triple Zero call centre failing to properly transfer calls to emergency services.
  
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• Caravan park resident fighting eviction has case stepped up to Supreme Court

  10-12-2024 09:24 via abc.net.au
  
  A northern Tasmanian retiree's fight to keep his home after receiving an eviction notice by the owners of the caravan park he resides at continues. If unsuccessful, he could be forced to demolish or abandon his home.
  
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• EPA backs Agrimin’s potash play

  10-12-2024 08:51 via businessnews.com.au
  
  The state’s environmental watchdog has waved through Agrimin’s Mackay potash project after five years in the approvals process.
  
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• New WAIS athlete committee meets

  10-12-2024 08:48 via businessnews.com.au
  
  The WA Institute of Sport’s newly established athlete advisory committee has met for the first time, as it continues its march into a new era for the organisation.
  
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• Cormann appointed to district court

  10-12-2024 08:47 via businessnews.com.au
  
  Hayley Cormann has been appointed by Attorney General John Quigley as a district court judge, months after her bid for Liberal preselection in South Perth fell flat.
  
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• At Close of Business podcast December 10 2024

  10-12-2024 08:47 via businessnews.com.au
  
  Nadia Budihardjo and Tom Zaunmayr discuss investments in alternative assets.
  
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• Mosaic to close 160 stores, cut 480 jobs

  10-12-2024 08:43 via businessnews.com.au
  
  Fashion retailer Mosaic Brands Group will close 160 of its stores by next month, cutting almost 500 jobs across the country.
  
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• Emerald earns stake in junior

  10-12-2024 08:37 via businessnews.com.au
  
  Gold producer Emerald Resources has secured a 20.5 per cent stake in West Perth-based Golden Horse Minerals, becoming the junior’s biggest shareholder.
  
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• Katies store closures are a tipping point for old-school bricks-and-mortar fashion

  10-12-2024 08:27 via abc.net.au
  
  KPMG announced it would be closing all of Mosaic Group's Katie stores after it was found the business was largely operating at a loss.
  
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• From $24 cardigans to closed doors — what went wrong for Katies?

  10-12-2024 08:27 via abc.net.au
  
  KPMG announced it would be closing all of Mosaic Group's Katie stores after it was found the business was largely operating at a loss.
  
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• Farmers devastated as mineral sands mines receive environmental approval

  10-12-2024 08:19 via abc.net.au
  
  The Victorian government has green lit environmental plans for two mineral sands mines in western Victoria, which will cover a combined 5,000 hectares of agricultural land.
  
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• National Steel fined over injuries

  10-12-2024 08:10 via businessnews.com.au
  
  Hope Valley-based National Steel Workplace has been fined $350,000 after an apprentice’s clothes caught fire during welding activities and the company failed to report the incident.
  
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• 'Earthquake swarm' unmentioned as inquiry sits in potential home of nuclear reactor

  10-12-2024 08:05 via abc.net.au
  
  The NSW Upper Hunter is in the Coalition's sights for a nuclear reactor. An inquiry held today in Muswellbrook has highlighted fears about the future of employment in the region, but there was no mention of the string of earthquakes that hit in recent months.
  
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• Fresh success for Complete Home Filtration

  10-12-2024 07:49 via businessnews.com.au
  
  Water filtration business’s awards successes have matched its growth nationally and, potentially, overseas.
  
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• Winton puts face to EDO campaign

  10-12-2024 07:48 via businessnews.com.au
  
  WA author and environmentalist Tim Winton has fired a salvo at the fossil fuels sector, as the face of the controversial Environmental Defenders Office’s Christmas campaign.
  
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• South32 hit by unrest in Africa

  10-12-2024 07:43 via businessnews.com.au
  
  Perth-based South32 has withdrawn production guidance for one of its major assets, the Mozal Aluminium smelter in Mozambique, after an outbreak of civil unrest.
  
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• Australian shares slip as banks count cost, miners gain

  10-12-2024 07:32 via businessnews.com.au
  
  The ASX200 finished down a third of a per cent, despite the mining sector posting its best performance in more than two years.
  
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• AVZ denies bribery allegations

  10-12-2024 07:03 via businessnews.com.au
  
  Besieged lithium explorer AVZ Minerals has denied it has engaged in bribery days after its office was raided amid an ongoing investigation by the Australian Federal Police.
  
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• Student caps, debt cuts aimed at election

  10-12-2024 07:00 via businessnews.com.au
  
  OPINION: One of the problems with populism is that it invokes a kneejerk response, often in the form of bad policy.
  
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• Twelve WA companies get US launchpad

  10-12-2024 06:45 via businessnews.com.au
  
  Twelve innovative WA critical tech companies will get a unique foothold in the US market thanks to a new government accelerator program.
  
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• D’Orsogna to expand production

  10-12-2024 06:11 via businessnews.com.au
  
  Smallgoods producer D’Orsogna will upgrade its meat processing facilities at its ageing Palmyra headquarters in a move expected to create 10 new jobs.
  
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• NT space base that launched NASA rockets to cease operations

  10-12-2024 06:08 via abc.net.au
  
  The Arnhem Space Centre will cease operations effective immediately, the company behind it says, while unveiling plans to move the facility to Cape York in Queensland.
  
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• First Boorara ore for Horizon

  10-12-2024 06:00 via businessnews.com.au
  
  Gold aspirant Horizon Minerals has announced the first ore from its Boorara gold project in the Goldfields is being hauled to nearby Paddington Mill for first gold production.
  
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• Reserve Bank keeps rates on hold but leaves door open to February cut

  10-12-2024 04:30 via abc.net.au
  
  The RBA has kept the cash rate unchanged at 4.35 per cent in December, for a ninth-straight meeting. The next chance borrowers have for a reprieve is in February.
  
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• Reserve Bank keeps interest rates on hold but leaves door open to a February cut

  10-12-2024 04:30 via abc.net.au
  
  The RBA has kept the cash rate unchanged at 4.35 per cent in December, for a ninth-straight meeting. The next chance borrowers have for a reprieve is in February.
  
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• RBA holds rate ahead of Christmas

  10-12-2024 04:30 via businessnews.com.au
  
  The Reserve Bank of Australia has held the cash rate steady at 4.35 per cent as expected but economists have noted a shift in the board's tone.
  
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• Cole to start as WAPC chair

  10-12-2024 03:57 via businessnews.com.au
  
  The state government has confirmed Emma Cole as the next Western Australian Planning Commission chair, weeks after Business News revealed the appointment.
  
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• ATO takes aim at Perth Glory

  10-12-2024 02:14 via businessnews.com.au
  
  The Australian tax office has brought legal action against Perth Glory in a bid to wind up the company less than a year after its new owners took the reins.
  
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• New majority owner for Perth Lynx

  10-12-2024 02:01 via businessnews.com.au
  
  Another chapter in Western Australia’s unforgettable off-court calendar year of basketball has begun.
  
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• Investors embracing alternative outcomes

  10-12-2024 01:33 via businessnews.com.au
  
  A desire to de-risk and diversify portfolios is driving more wealthy WA investors into alternative asset classes
  
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• US stocks dip following tech slip

  10-12-2024 00:47 via businessnews.com.au
  
  Wall Street's main indexes closed lower overnight, driven by a drop in AI leader Nvidia that weighed on tech stocks, as investors looked ahead to a crucial inflation report set for later this week.
  
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