28/11/2017 - 07:05

Morning Headlines

28/11/2017 - 07:05

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Morning Headlines

South32 to run solo coal unit

Just two-and-a-half years after its demerger from BHP, South32 said it planned to split South African Energy Coal from its diversified mining portfolio and run it as a stand-alone business from April 2018. The Fin

Call to rewire Pilbara power

Decades of ad hoc and self-interested development in the Pilbara’s electricity network could put at risk the next wave of mining and renewable energy projects unless it is fixed, the State’s top energy adviser says. The West

IBA eyeing more renewables after solar play

Under a binding terms sheet announced on Monday, IBA and the Perth Noongar Foundation (PNF) will take a 50 per cent equity stake in ASX-listed Carnegie Clean Energy’s Northam solar project, a 10 megawatt solar farm to be built in Western Australia, about 100 kilometres east of Perth. The Fin

NBN puts the brakes on HFC connections

NBN is halting the rollout of super-fast broadband delivered over pay television cables due to mounting issues with service dropouts. This could see $120 million of Telstra’s earnings in 2017-18 kicked further down the road. The Fin

Bitcoin hits $US9720 in buying frenzy

Bitcoin is showing no signs of slowing down, blowing past $US9000 less than a week after topping $US8000 and now quickly closing in on five big figures. The Fin

Hospitals to pay for their mistakes

Public hospitals will no longer receive commonwealth funding for avoidable complications such as pressure injuries, infections and falls under a landmark bid to improve the standard and cost of acute care in Australia. The Aus

Fund gets tough on governance

Australia’s sovereign wealth fund, the $130 billion Future Fund, tried to block the election of ABC chairman Justin Milne to the board of gambling giant Tabcorp, and attempted to vote down executive bonus plans at James Packer’s Crown Resorts and Andrew Forrest’s Fortescue Metals. The Aus

 

 

The Australian Financial Review

Page 1: Malcolm Turnbull is under pressure to allow a commission of inquiry into the banks after rebel Nationals MPs secured the numbers in both Houses of Parliament to establish their own inquiry.

Page 6: NBN is halting the rollout of super-fast broadband delivered over pay television cables due to mounting issues with service dropouts. This could see $120 million of Telstra’s earnings in 2017-18 kicked further down the road.

Page 8: Government conservatives have backed down on allowing commercial service providers such as bakers and florists to refuse to serve gay weddings, paring back their demands to a core of protections for faith-based charities, new shield laws preventing public bodies taking action against same-sex opponents and enshrining parental rights.

Page 10: Under a binding terms sheet announced on Monday, IBA and the Perth Noongar Foundation (PNF) will take a 50 per cent equity stake in ASX-listed Carnegie Clean Energy’s Northam solar project, a 10 megawatt solar farm to be built in Western Australia, about 100 kilometres east of Perth.

Page 14: Bitcoin is showing no signs of slowing down, blowing past $US9000 less than a week after topping $US8000 and now quickly closing in on five big figures.

Page 15: Shares in Macquarie Group have punched through the $100 barrier for the first time, marking a remarkable decade of post-GFC growth and setting a platform for further growth.

Page 17: Downer EDI has upgraded its 2017-18 standalone profit guidance but taken writedowns on a Spotless contract for the Royal Adelaide Hospital after reviewing the services group’s operations.

Just two-and-a-half years after its demerger from BHP, South32 said it planned to split South African Energy Coal from its diversified mining portfolio and run it as a stand-alone business from April 2018.

Page 18: Same-day delivery – or faster – has become the norm in Australia, as retailers focus on the ‘‘last mile’’ of the logistics chain and prepare for the onslaught of Amazon by teaming up with a fast-growing band of tech-based delivery operators.

 

 

The Australian

Page 2: The OECD’s annual review of revenue collection shows company taxes provide 15.3 per cent of the government’s revenue, down from the pre-crisis peak of 22.9 per cent in 2007, when the resources boom was delivering the Howard government big budget surpluses and paying for personal income tax cuts.

Page 3: Public hospitals will no longer receive commonwealth funding for avoidable complications such as pressure injuries, infections and falls under a landmark bid to improve the standard and cost of acute care in Australia.

Page 17: Australia’s sovereign wealth fund, the $130 billion Future Fund, tried to block the election of ABC chairman Justin Milne to the board of gambling giant Tabcorp, and attempted to vote down executive bonus plans at James Packer’s Crown Resorts and Andrew Forrest’s Fortescue Metals.

Rural Australia is again riding on the sheep’s back, with wool prices soaring to unprecedented highs and prosperity returning to the pastoral sector.

Page 25: The on-demand food business in Australia is red hot at the moment and one of the newer entrants in the scene, MealPal, reckons its twist on the daily lunching habits of the average worker can help it sit alongside Deliveroo, Foodora and UberEats.

 

 

The West Australian

Page 4: WA’s only academically selective school is offering teachers up to $500 cash in exchange for taking extra students above maximum class-size thresholds, raising the ire of the teachers’ union.

Page 14: World-renowned MH370 wreck hunter Blaine Gibson yesterday launched a search of the south coast of WA for debris from the Boeing 777 that vanished in 2014.

Petrol prices across Perth are at their highest level in two years ahead of the most important shopping period of the year.

Business: Decades of ad hoc and self-interested development in the Pilbara’s electricity network could put at risk the next wave of mining and renewable energy projects unless it is fixed, the State’s top energy adviser says.

Two of WA’s best-known food producers have joined forces after the Craig Mostyn Group yesterday ended months of speculation by announcing it would buy V&V Walsh.

Shares in explorers linked to the Pilbara conglomerate gold story fell yesterday on concerns about the effectiveness of traditional drilling techniques in determining a commercial resource.

The battle for the future of Tap Oil continued yesterday after the company asked the Takeovers Panel to intervene and substantial shareholder Risco denied claims of inappropriate motivations for its push for a board revamp.

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