14/07/2017 - 06:40

Morning Headlines

14/07/2017 - 06:40

Bookmark

Upgrade your subscription to use this feature.

Telstra under pump to slash dividend

Telstra investors are bracing for a cut to the company’s popular dividend, as the telecommunications giant faces growing pressure from competitors and a looming earnings drop due to the rollout of the national broadband network. The Fin

 

Myer feels pain as Topshops shut

Myer has started quietly closing the Topshop concession stores across the country as the retailing giant reaches the end of its financial year and the chain store’s administrator presses on with a rescue plan. The Aus

 

Gloom to boom for WA property prices

WA property markets could go from the nation’s worst to its best-performed over the next two years as buyers regain confidence in the State and go cold on the rest of the country. The West

 

Tax blitz on lawyers, accountants

The head of the black economy taskforce has accused accountants and lawyers of engineering the loss of billions of dollars in government revenue by helping clients dodge their tax obligations or failing to understand the extent of the avoidance problem. The Fin

 

States join forces for sub job plea

WA Defence Issues Minister Paul Papalia has joined forces with his counterparts in South Australia and Victoria to demand the Federal Government ensure local workers get priority on Australia’s $50 billion future submarine program. The West

 

New faces at WACA put runs on board

The WA Cricket Association is continuing to beef up its political and corporate acumen, yesterday appointing former MP Terry Waldron and respected businesswoman Eva Skira to its board. The West

 

Metcash resists pressure to sell hardware stores

Metcash has knocked back a $25 million offer from plumbing supplies retailer Reece for Hardings Hardware and ruled out selling its company owned hardware stores, despite pressure from independent retailers. The Fin

 

Bosses face super gap crackdown

Employers will be forced to pay workers’ full superannuation entitlements following a federal government crackdown on a legal loophole today, after The Australian obtained a confidential interagency report into an estimated $6 billion worth of annual unpaid super. The Aus

 

Clean coal ‘key to hit emissions target’

The adoption of several cleaner coal-fired power stations would help Australia easily achieve its 2030 emissions-reduction targets as long as the new facilities replaced ageing black-coal and brown-coal-fired generators, according to a new analysis. The Aus

 

The Australian Financial Review

Page 1: The head of the black economy taskforce has accused accountants and lawyers of engineering the loss of billions of dollars in government revenue by helping clients dodge their tax obligations or failing to understand the extent of the avoidance problem.

Sixteen past state and national leaders of CPA Australia have declared war upon the ‘‘old guard’’ of the embattled accounting body and have demanded an emergency meeting of members.

Page 4: National Australia Bank has cut its growth forecasts for both houses and units this year on the back of sharply deteriorating sentiment about the property market.

Page 6: The Construction, Forestry, Mining and Energy Union is seeking court injunctions to stop listed building materials supplier Boral sacking the workforce of its NSW subsidiary, a move it’s considering to avoid getting blacklisted from billion-dollar government-funded projects.

Page 15: Telstra investors are bracing for a cut to the company’s popular dividend, as the telecommunications giant faces growing pressure from competitors and a looming earnings drop due to the rollout of the national broadband network.

Page 17: Metcash has knocked back a $25 million offer from plumbing supplies retailer Reece for Hardings Hardware and ruled out selling its companyowned hardware stores, despite pressure from independent retailers.

Page 19: ANZ Banking Group appears to be moving closer to selling minority equity stakes in two Asian banks, with its shareholding in Hong Kong-listed Bank of Tianjin being designated as an asset ‘‘available for sale’’ and reports suggesting a buyer has been lined up for its stake in AMMB Holdings Bhd (AmBank).

 

The Australian

Page 1: Employers will be forced to pay workers’ full superannuation entitlements following a federal government crackdown on a legal loophole today, after The Australian obtained a confidential interagency report into an estimated $6 billion worth of annual unpaid super.

Page 2: John Howard said last night he would have struggled to vote for Donald Trump and he had “trembled at the thought’’ of his presidency.

Page 3: Forget Queensland or NSW — the undisputed State of Origin winner is the Nine Network, which snared the biggest television audience of the year and looks set to end rival Seven’s unbroken ratings winning streak.

Page 4: The adoption of several cleaner coal-fired power stations would help Australia easily achieve its 2030 emissions-reduction targets as long as the new facilities replaced ageing black-coal and brown-coal-fired generators, according to a new analysis.

Page 17: The regulatory minefield Australian companies must navigate to export agricultural goods to China

— where licences can seemingly be suspended at random and rules can change overnight — has caught out another dairy company, with global giant Parmalat slapped with a suspension of its fresh milk licence.

It’s now a two-man Melbourne showdown for the ages. In the blue corner, Liberal Party president Michael Kroger. And in the blueblood corner, former ANZ chairman Charles Goode.

A strong performance in the Australian and international sharemarkets rewarded superannuation members who were prepared to take investment risks during the financial year ended June 30, said Scott Tully, the head of investments for funds management giant Colonial First State.

Page 18: Myer has started quietly closing the Topshop concession stores across the country as the retailing giant reaches the end of its financial year and the chain store’s administrator presses on with a rescue plan.

Page 21: A looming global diamond shortage is driving a small band of adventurous miners to brave bonechilling winds at the world’s highest mines to extract stones that are worth as much as 20 times the global average.

 

The West Australian

Page 5: WA property markets could go from the nation’s worst to its best-performed over the next two years as buyers regain confidence in the State and go cold on the rest of the country.

Page 9: The days of booking a domestic flight in Australia and travelling without having to prove your identity must end, a former senior Australian Federal Police officer has argued.

Skeletal remains found at the WA Museum construction site are believed to be an “historic” human pelvic bone.

Page 13: An experimental drug therapy developed by Perth researchers is showing promise in treating chronic kidney disease and could help reduce the need for dialysis.

Page 14: Dozens of investigations of terrorist and organised crime syndicates are being hampered because suspects are using encrypted messaging systems, say domestic intelligence agencies, as Prime Minister Malcolm Turnbull makes his case for greater powers over global internet giants.

Page 21: WA Defence Issues Minister Paul Papalia has joined forces with his counterparts in South Australia and Victoria to demand the Federal Government ensure local workers get priority on Australia’s $50 billion future submarine program.

Page 65: Gold miner Northern Star Resources has again surprised on the upside, posting record quarterly production of 154,116 ounces in the June quarter and record free cashflow of $108 million.

The WA Cricket Association is continuing to beef up its political and corporate acumen, yesterday appointing former MP Terry Waldron and respected businesswoman Eva Skira to its board.

Page 66: Woodside and ConocoPhillips, operators of Australia’s two oldest LNG plants, are gravitating towards the cheapest development options for their Browse and Barossa gas fields, as low cost Qatar targets the same market window as local producers.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options