04/01/2018 - 06:53

Morning Headlines

04/01/2018 - 06:53

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Morning Headlines

Yowie chairman vows sweeter times ahead

Yowie Group chairman Louis Carrol has urged disappointed shareholders to stick with the novelty chocolate maker after a savage sales downgrade triggered the departure of its chief executive and sent the company’s shares plunging. The West

Labor pans GST review delay

Labor has lashed the Federal Government for delaying a review of the GST aimed at giving WA a better deal, accusing it of trying to avoid a political backlash in looming Tasmanian and South Australian elections. The West

Indians commit to Galilee projects

Indian-controlled, Gina Rinehart-backed GVK Hancock Coal says it expects to develop its giant coal projects in the Galilee Basin near the controversial Adani mine, dismissing speculation it could be investigating a sale of the mine projects. The Aus

Carbon ‘tax’ refuels Lib unrest

Former prime minister Tony Abbott has again sparked internal divisions in the Federal Government over its proposed energy policy, calling for international carbon credits to be excluded from a new scheme. The West

Directors hit in class action surge

Insurance premiums for directors and officers have surged by as much as 300 per cent in the past six months, following a sharp rise in the number of class actions launched against Australian companies. The Fin.

ATO blitz to clean ‘black cash’

The Australian Taxation Office is in advanced stages of mobilising for a data-matching blitz on cleaning and courier businesses that pay contractors in cash, as part of commissioner Chris Jordan’s crusade against the black economy. The Aus.

Door opened for medicinal cannabis exports

The Turnbull government will open the way today for Australian producers to export medicinal cannabis products, a major boost for the industry. The Aus.

‘Sham EBA’ ruling may sink firm

A major labour hire company in the black coal industry has warned it risks insolvency due to a ruling that has resulted in it owing hundreds of workers more than $3 million. The Fin.

Rio chief walks the talk: no slideshow, just $US8bn cash

As Rio Tinto shares surge to fresh 6½-year highs, chief executive Jean-Sebastien Jacques has sent a pointed message to any investors trying to decide which of the stock exchange’s big miners to back. The Aus.

The Australian Financial Review

Page 1: Insurance premiums for directors and officers have surged by as much as 300 per cent in the past six months, following a sharp rise in the number of class actions launched against Australian companies.

Page 3: A major labour hire company in the black coal industry has warned it risks insolvency due to a ruling that has resulted in it owing hundreds of workers more than $3 million.

Page 5: Self-managed superannuation funds are calling on the Turnbull government to develop mechanisms to enable the $700 million do-it-yourself sector to invest in infrastructure.

Page 6: Financial planners warn that the regulations surrounding the $1.6 million threshold on the amount of money that can be placed in a superannuation pension are little understood and fear wealthier savers will break the rules by attempting to top-up their super accounts.

Page 13: One of Australia’s top fund managers is betting that out-of-favour telecom stocks could come good in 2018, as an inevitable political fix to the national broadband network debacle is found. 

Page 15: From where Beijing-based managing director Glenn Corrie is sitting, ‘‘the stars are aligning’’ for Sino Gas & Energy.

Page 16: IAG has finalised its 2018 catastrophe reinsurance program, cutting its catastrophe cover on the back of its quota share arrangement with three global reinsurers.

The Australian

Page 13: Indian-controlled, Gina Rinehart-backed GVK Hancock Coal says it expects to develop its giant coal projects in the Galilee Basin near the controversial Adani mine, dismissing speculation it could be investigating a sale of the mine projects.

Page 1: The Australian Taxation Office is in advanced stages of mobilising for a data-matching blitz on cleaning and courier businesses that pay contractors in cash, as part of commissioner Chris Jordan’s crusade against the black economy.

Page 3: The Turnbull government will open the way today for Australian producers to export medicinal cannabis products, a major boost for the industry.

Page 13: As Rio Tinto shares surge to fresh 6½-year highs, chief executive Jean-Sebastien Jacques has sent a pointed message to any investors trying to decide which of the stock exchange’s big miners to back.

Page 14: One of the biggest names in Silicon Valley is placing a moonshot bet on bitcoin.

Page 15: A former boiler room scam operator has been accused of fraudulently misappropriating money pledged by investors towards funding an Australian class action run by leading firm Maurice Blackburn.

Page 15: The federal government should reform planning to make new housing cheaper, push for low-deposit home loans and change pension rules to encourage seniors to downsize, the Property Council of Australia says.

The West Australian

Page 2: Former prime minister Tony Abbott has again sparked internal divisions in the Federal Government over its proposed energy policy, calling for international carbon credits to be excluded from a new scheme.

Page 3: Labor has lashed the Federal Government for delaying a review of the GST aimed at giving WA a better deal, accusing it of trying to avoid a political backlash in looming Tasmanian and South Australian elections.

Page 43: Yowie Group chairman Louis Carrol has urged disappointed shareholders to stick with the novelty chocolate maker after a savage sales downgrade triggered the departure of its chief executive and sent the company’s shares plunging.

Page 43: Shares in Primary Gold jumped yesterday after the explorer announced it was on track to start mining at its Coolgardie gold project this quarter after receiving all necessary approvals.

Page 43: MGC Pharmaceuticals is yet to receive the deposit for a $40 million supply deal struck last October with a South Korean cosmetics maker which turbocharged the medicinal cannabis producer’s share price.

Page 45: Shares in Blaze International were on fire yesterday after it announced the acquisition of a project linked to AVZ Minerals boss Klaus Eckhof.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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