08/11/2017 - 06:25

Morning Headlines

08/11/2017 - 06:25

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Morning Headlines

State says Yes to Optus deal

The West Australian can confirm the telecommunications giant and the State Government have reached agreement on an historic 10-year naming rights deal rumoured to be an Australian record. The West

Gas pipeline plan lunacy: Credit Suisse

Credit Suisse’s respected energy equities research team has ridiculed the government’s proposal for a west-east gas pipeline, describing it as ‘‘seeming lunacy’’ and estimating it would waste up to $400 million a year compared with importing LNG. The Fin

After 6000, more gains for ASX

Fund managers see resources stocks carrying equities even higher as long as co-ordinated global growth keeps commodity prices elevated after the Australian share market topped 6000 points for the first time since 2008. The Fin

Doubts raised on mine job numbers

Only 900 Aboriginal people who live in Western Australia’s Pilbara mining region are working in the iron ore industry, according to fresh census data that raises doubts about claims by the big miners that they employ at least twice that number. The Aus

RBA’s cash rate stuck on barrier in Cup day

Reserve Bank of Australia has kept the official cash rate steady for a 14th straight meeting – stuck between the competing demands of preventing a consumer debt disaster and stoking a rebound in inflation. The Fin

SeaLink makes waves in ferry wars

The $440 million ASX-listed SeaLink Travel Group is bumping up against private equity firm Quadrant in a fierce battle among ferry operators to Rottnest Island in Western Australia, with SeaLink slashing prices by 30 per cent to stoke demand. The Fin

Rio Tinto, BHP shares on a roll

Iron ore prices have rebounded from a recent slump to help push Rio Tinto and BHP Billiton to multi-year highs as investor sentiment around the mining sector continues to improve. The Aus

 

 

The Australian Financial Review

Page 1: Fund managers see resources stocks carrying equities even higher as long as co-ordinated global growth keeps commodity prices elevated after the Australian share market topped 6000 points for the first time since 2008.

Page 3: A shelf-stacker who sought for 18 months to terminate Coles’ expired enterprise agreement and force the company to pay much higher penalty rates to 77,000 workers has dropped her landmark case.

Page 9: Reserve Bank of Australia has kept the official cash rate steady for a 14th straight meeting – stuck between the competing demands of preventing a consumer debt disaster and stoking a rebound in inflation.

Page 14: The Australian consulting market is now the largest in the world relative to national income, fuelled by strong public sector demand and a push by companies to improve digital operations.

KPMG has purchased engineering consulting firm Relken Engineering as part of an ongoing move to bring in more asset management skills and take advantage of a public sector-driven infrastructure boom.

Page 15: As Westpac Banking Corp chief executive Brian Hartzer briefed analysts on the bank’s $8.1 billion full-year profit, he couldn’t resist taking a dig at his rival at National Australia Bank, Andrew Thorburn.

Page 17: The $440 million ASX-listed SeaLink Travel Group is bumping up against private equity firm Quadrant in a fierce battle among ferry operators to Rottnest Island in Western Australia, with SeaLink slashing prices by 30 per cent to stoke demand.

Page 29: Credit Suisse’s respected energy equities research team has ridiculed the government’s proposal for a west-east gas pipeline, describing it as ‘‘seeming lunacy’’ and estimating it would waste up to $400 million a year compared with importing LNG.

 

 

The Australian

Page 1: The full rollout of the Turnbull government’s company tax plan will deliver a $30 billion revenue return to the federal budget, effectively halving the claimed total cost of the policy, according to an official Treasury report to be released today.

Page 5: The Fair Work Commission has denied West Australian Construction Forestry Mining and Energy Union organiser Bradley Upton a new right-of-entry permit, restricting his ability to access worksites.

Page 9: Only 900 Aboriginal people who live in Western Australia’s Pilbara mining region are working in the iron ore industry, according to fresh census data that raises doubts about claims by the big miners that they employ at least twice that number.

Page 20: ANZ digital boss Maile Carnegie has rounded out her team with the appointment of an experienced innovation and venture capital adviser from the US.

Page 21: Shares in the newly spun-off Domain Holdings will be included in the S&P/ASX 200 index when they begin trading next week. The move will mean index-focused fund managers will seek exposure to the property listings company.

Page 25: Iron ore prices have rebounded from a recent slump to help push Rio Tinto and BHP Billiton to multi-year highs as investor sentiment around the mining sector continues to improve.

 

 

The West Australian

Page 3: The West Australian can confirm the telecommunications giant and the State Government have reached agreement on an historic 10-year naming rights deal rumoured to be an Australian record.

Page 9: WA mayors and councillors may soon be free to accept any gifts they want under proposed changes to local government rules.

Page 13: Scotch College headmaster Alec O’Connell, who last night received the Australian College of Educators highest accolade, said schools were structured to deal with big groups of students and had changed little from the way they were run 100 years ago.

Page 14: The organisers of WA’s premier surfing contest are chasing the inclusion of a “blockbuster” wave for the event in a bid to cement its place on the sport’s world tour.

Page 22: In a scathing report to Parliament, Inspector of Custodial Services Neil Morgan said the conditions at Broome Regional Prison, which was “old, decrepit and crowded” were so bad that an urgent capital investment was needed to bring infrastructure up to a humane standard or replace the entire facility.

Business: Electricity provider Synergy is poised to partner with a Dutch investment fund to bankroll its obligations under Federal green energy laws in a move that could spare the cash-strapped State Government hundreds of millions of dollars.

Harvey Beef has reported a $1.021 million loss for the year despite an increase in sales, reflecting the pain high cattle prices are causing Australian meat processors.

WA mining veteran and former Rio Tinto executive Mal Randall believes WA’s iron ore sector could be set for a shake-out because of China’s growing demand for high-quality ore and diminishing grades across the State’s remaining deposits.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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