Analyst news

• Record output, but Fortescue profit halved

  19-02-2025 23:45 via businessnews.com.au
  
  Fortescue’s half-yearly profit has more than halved to US$1.55 billion as lower iron ore prices eat into bumper revenues recorded this time last year.
  
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• Farmers in path of major power project vow to block access to properties

  19-02-2025 23:41 via abc.net.au
  
  Farmers are furious over a decision to grant the company building the VNI West line the power to access their properties without permission.
  
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• IGO books loss on $525m Kwinana impairment

  19-02-2025 23:31 via businessnews.com.au
  
  IGO has gutted the value of its troubled Kwinana refinery after a recording a significant $525 million impairment against the ailing joint venture asset.
  
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• Microsoft unveils chip it claims puts quantum computers just 'years away'

  19-02-2025 23:08 via abc.net.au
  
  Quantum computing holds the promise of carrying out calculations that would take today's systems millions of years. 
  
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• PM says copper region will drive Australia, yet multiple mines stalling

  19-02-2025 22:42 via abc.net.au
  
  The impact of several recent small mine closures is being felt in north-west Queensland, still laden with some of the largest critical mineral deposits in the country.
  
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• Sydney Mayor argues proposed statewide bin service won't suit big families

  19-02-2025 22:19 via abc.net.au
  
  Some inner-city councils have seen positive uptake on a new eco-conscious bin service, but one Sydney mayor views the pending slower red bin collection schedule as a concern for large families.
  
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• Fears FOGO is a no-go for big families amid proposed red bin changes

  19-02-2025 22:19 via abc.net.au
  
  Some inner-city councils have seen positive uptake on a new eco-conscious bin service, but one Sydney mayor views the pending slower red bin collection schedule as a concern for large families.
  
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• Could FOGO be a no-go for big families amid proposed red bin changes

  19-02-2025 22:19 via abc.net.au
  
  Some inner-city councils have seen positive uptake on a new eco-conscious bin service, but one Sydney mayor views the pending slower red bin collection schedule as a concern for large families.
  
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• Instead of developing more gas, expert argues Australia should limit exports

  19-02-2025 21:56 via abc.net.au
  
  Among the many crises facing the nation in recent years, the east coast gas shortage has been among the most divisive from a political, economic and social perspective.
  
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• Forget more gas supply, expert argues. Stop exporting so much

  19-02-2025 21:56 via abc.net.au
  
  Among the many crises facing the nation in recent years, the east coast gas shortage has been among the most divisive from a political, economic and social perspective.
  
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• Skyscrapers proposed on flood-prone land in bid to solve housing crisis

  19-02-2025 20:54 via abc.net.au
  
  Developers need to factor in flood gates and real-time flood apps as more skyscrapers are approved in areas notorious for going under amid the high demand for housing.
  
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• Flood drills and alarms the norm as skyscrapers rise in flood-prone areas

  19-02-2025 20:54 via abc.net.au
  
  Developers need to factor in flood gates and real-time flood apps as more skyscrapers are approved in areas notorious for going under amid the high demand for housing.
  
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• 'The Tinder of recruitment': Jobseekers say finding work has become like online dating

  19-02-2025 20:03 via abc.net.au
  
  As Australia's unemployment rate rises, finding a job is getting more challenging. Some jobseekers and recruiters describe the process of applying for work like online dating, where applicants are ignored or ghosted by recruiters. 
  
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• 'Spare a thought for families in Whyalla': Locals react to steelworks news

  19-02-2025 20:00 via abc.net.au
  
  While the SA Premier says a decision to put the Whyalla steelworks into administration is about Australia's steelmaking future, it's also about the many workers, contractors and businesses that rely on it for their livelihoods. 
  
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• 'Horror scenarios': Watchdog warns cryptocurrency crime could rise

  19-02-2025 19:54 via abc.net.au
  
  The ACCC will increase its scrutiny of Australia's supermarkets, retailers, airlines and essential services as a lack of competition exacerbates the cost of living crisis, while its chair Gina Cass-Gottlieb worries there could be an uptick in financial scams as US President Donald Trump relaxes cryptocurrency regulations.
  
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• ACCC boss warns of crypto 'horror scenarios' and lack of competition in Australian aviation

  19-02-2025 19:54 via abc.net.au
  
  The ACCC will increase its scrutiny of Australia's supermarkets, retailers, airlines and essential services as a lack of competition exacerbates the cost of living crisis, while its chair Gina Cass-Gottlieb worries there could be an uptick in financial scams as US President Donald Trump relaxes cryptocurrency regulations.
  
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• At Close of Business podcast February 19

  19-02-2025 09:02 via businessnews.com.au
  
  Nadia Budihardjo and Claire Tyrrell discuss the improved outlook for Perth's office market.
  
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• Cedar Woods posts $15m profit

  19-02-2025 08:53 via businessnews.com.au
  
  The result represents close to a $13 million increase on 12 months ago.
  
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• Ellison remains supportive as exit looms

  19-02-2025 08:43 via businessnews.com.au
  
  Outgoing Mineral Resources boss Chris Ellison says he won’t make a "very good ex-managing director" when questioned on whether he'll remain engaged with the company he founded.
  
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• Clubs together in ultimate goal

  19-02-2025 08:30 via businessnews.com.au
  
  The push for the WA Italian Club and Perth Soccer Club to return as one has been nearly a decade in the making, according to Perth SC president Jason Marocchi.
  
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• Watchdog finds WA airport design possible factor in planes' near-miss

  19-02-2025 08:02 via abc.net.au
  
  The two aircraft took off within seconds of each other and came as close as 90 metres vertically, with an inquiry finding buildings at Geraldton Airport may have blocked sight lines and communications. 
  
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• Water plant for Talison in legal row

  19-02-2025 08:00 via businessnews.com.au
  
  Veolia has accused a US-based water company of breaching a contract over the design and installation of a water treatment plant to supply Talison Lithium’s Greenbushes project.
  
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• Water plant for Talison in contract row

  19-02-2025 08:00 via businessnews.com.au
  
  Veolia has accused a US-based water company of breaching a contract over the design and installation of a water treatment plant to supply Talison Lithium’s Greenbushes project.
  
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• Financial sector suffers worst loss in five weeks

  19-02-2025 07:56 via businessnews.com.au
  
  The ASX200 was down 0.3 per cent at midday, on track for its third day of losses amid more weakness from the financial sector.
  
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• Morley Galleria revamp to start in FY25

  19-02-2025 07:33 via businessnews.com.au
  
  Vicinity Centres has flagged a timeframe for the stalled $350 million redevelopment of Morley Galleria, with initial works to start in this financial year.
  
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• Trump's tariffs could make Australia a dumping ground for cheap aluminium

  19-02-2025 07:28 via abc.net.au
  
  The federal government may need to take measures to protect the local aluminium industry if Donald Trump's 25 per cent tariffs go ahead, warns the nation's largest aluminium manufacturer.
  
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• Gold Coast faces 'landfill train wreck' warns waste industry

  19-02-2025 07:28 via abc.net.au
  
  A peak waste management group has warned that "policy paralysis" is intensifying the Gold Coast's rubbish problem.
  
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• Fears Australia will become dumping ground for cheap aluminium due to Trump’s tariffs

  19-02-2025 07:28 via abc.net.au
  
  The federal government may need to take measures to protect the local aluminium industry if Donald Trump's 25 per cent tariffs go ahead, warns the nation's largest aluminium manufacturer.
  
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• Australian aluminium manufacturers brace for impact of Donald Trump's tariffs

  19-02-2025 07:28 via abc.net.au
  
  The federal government may need to take measures to protect the local aluminium industry if Donald Trump's 25 per cent tariffs go ahead, warns the nation's largest aluminium manufacturer.
  
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• Fair Work Ombudsman launches legal action against former CFMEU boss

  19-02-2025 07:24 via abc.net.au
  
  The Fair Work Ombudsman has kicked off legal action against former union heavyweight John Setka, alleging he tried to coerce the AFL into sacking its head of umpiring.
  
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• Lycopodium falls as SCEE jumps

  19-02-2025 07:05 via businessnews.com.au
  
  Engineering firm Lycopodium disappointed the market with its interim results today whereas Southern Cross Electrical Engineering enjoyed strong gains after its profit report.
  
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• Woodside’s warning on NWS approvals

  19-02-2025 07:04 via businessnews.com.au
  
  Woodside Energy has warned of flow on effects from the battle for approvals facilitating its Browse project's development, after regulators pushed out the deadline for a decision.
  
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• Woodside’s warning on Browse approvals

  19-02-2025 07:04 via businessnews.com.au
  
  Woodside Energy has warned of flow on effects from its battle for environmental approvals at the Browse project, after regulators pushed out the deadline for a decision.
  
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• Driving change one wheel at a time

  19-02-2025 07:00 via businessnews.com.au
  
  Damian Lee’s startup, 1Wheel, gears up to take the hassles out of how we buy and sell our cars.
  
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• Rhodes Ridge deal rewrites Rich List

  19-02-2025 06:34 via businessnews.com.au
  
  Mitsui's new stake in Rio Tinto's Rhodes Ridge iron ore project has unlocked $10 billion in wealth for the heirs of Peter Wright, pushing Angela Bennett into fifth on our Rich List.
  
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• Brisbane commuters to expect delays as bus drivers stop work over pay

  19-02-2025 06:19 via abc.net.au
  
  The Brisbane City Council said pay negotiations with the Rail, Tram and Bus Union (RTBU) had broken down after a meeting last Friday where a final pay increase of 7 per cent over two years was offered.
  
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• Wage growth slowest in three years

  19-02-2025 06:00 via businessnews.com.au
  
  Healthcare and construction led the way in wage growth in the December quarter, with figures revealing the slowest annual wage growth in three years.
  
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• Ellison downplays haul road damage

  19-02-2025 05:09 via businessnews.com.au
  
  Chris Ellison has insisted there was "no design fault" with the newly built haul road to Mineral Resources' Onslow Iron mine despite spending $230 million fixing the piece of private infrastructure.
  
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• Mitsui buys into Rio’s Rhodes Ridge

  19-02-2025 05:03 via businessnews.com.au
  
  Japanese trading house Mitsui & Co will take a US$5.3 billion stake in Rio Tinto’s 6.8 billion tonne Rhodes Ridge iron ore project in the Pilbara.
  
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• Apartment supply tipped to grow

  19-02-2025 04:53 via businessnews.com.au
  
  Leading economist Tim Lawless says conditions are improving for growth in medium and high-density housing in Perth, but more could be done to incentivise supply.
  
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• City offices look up as market tightens

  19-02-2025 04:50 via businessnews.com.au
  
  The numbers are pointing to an improving outlook for Perth’s CBD landlords.
  
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• Can Meta build an undersea cable spanning the entire world?

  19-02-2025 04:30 via abc.net.au
  
  Meta says its new underwater cable project is longer than the Earth's circumference — and one expert says it's "very feasible".
  
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• Westgold explores Lakewood sale

  19-02-2025 04:27 via businessnews.com.au
  
  Westgold Resources is shopping around the Lakewood gold processing facility acquired last year in its $1.2 billion move for Karora Resources.
  
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• SA government forces Whyalla steelworks into administration

  19-02-2025 03:37 via abc.net.au
  
  The South Australian government has forced the Whyalla steelworks into administration as it attempts to resolve the crisis at the embattled site.
  
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• Emeco profit up, reiterates guidance

  19-02-2025 02:51 via businessnews.com.au
  
  Despite overall external revenue regressing by 11 per cent from the prior corresponding period, Emeco Holdings posted strong profits during the first six months of the 2025 financial year.
  
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• Santos profit, WA output falls

  19-02-2025 02:07 via businessnews.com.au
  
  Production from Santos’ Western Australian assets sunk to its lowest level since 2018 last year, as the company prioritised other jurisdictions.
  
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• Annual wages growth slows to 3.2 per cent, after slowest quarterly growth since March 2022

  19-02-2025 01:55 via abc.net.au
  
  Annual wages growth slows to 3.2 per cent, matching Reserve Bank's forecasts, after slowdown in December quarter.
  
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• Annual wage growth slows to 3.2pc, after slowest quarterly growth in years

  19-02-2025 01:55 via abc.net.au
  
  Annual wages growth slows to 3.2 per cent, matching Reserve Bank's forecasts, after slowdown in December quarter.
  
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• Yindjibarndi claim $1.8bn from Fortescue

  19-02-2025 01:38 via businessnews.com.au
  
  The Yindjibarndi Aboriginal Corporation has upped its compensation claim against Fortescue to $1.8 billion, over the alleged cultural damage caused by the miner’s Solomon hub.
  
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• The Sims is 25 years old and just as popular as ever

  19-02-2025 01:29 via abc.net.au
  
  Over the past 25 years, more than 500 million people have played the life-simulation video game series The Sims. So why did a niche spin-off game garner such a cult following?
  
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