Telstra stung by investor revolt
Telstra has been stung by one of the biggest ever protest votes for a blue-chip company, with more than 62 per cent of shareholders issuing a strike against the telco’s remuneration report in a major rebuke over management, strategy and shrinking investor returns. The Aus
Chevron gets carbon lifeline
The McGowan Government has given oil and gas giant Chevron some breathing space for its increasingly desperate efforts to get the troubled Gorgon carbon capture and storage project working. The West
Morrison risks Jakarta’s ire on Israel
Scott Morrison is facing a diplomatic backlash from key regional partner Indonesia after texting President Joko Widodo on Monday night to inform him of Australia’s policy shift on Israel. The Aus
Main Roads caned on subbies
Subcontractors WA has accused the State Government and Main Roads of failing to protect subcontractors’ pay after one of the companies working on the $1 billion NorthLink road project got into financial difficulty. The West
Minnow Moran in Wodgina Hail Mary
One such creative suitor is Perth businessman Russell Moran, who is understood to have ventured up to the Pilbara in recent days to participate in a site visit that inspected the commissioning process at Wodgina. The Fin
Primewest buys up in Cannington
Primewest funds have forked out more than $15 million for two large format retail centres in Cannington, the eighth biggest LFR precinct in Australia. The West
Toll to cut 330 jobs as finance roles outsourced
Toll will cut about 330 jobs in Australia and 700 jobs globally as the trucking and logistics group outsources finance and accounting services to Accenture. The Fin
The Australian Financial Review
Page 4: Prime Minister Scott Morrison is open to a backdown on yet another policy principle by allowing the refugees on Nauru to be relocated to New Zealand on the proviso they never come to Australia.
Page 6: Businesses in the mining sector and beyond insist protection for Australian investors in Indonesia is required in a free trade deal because of Jakarta’s record of nationalising natural resources and its erratic court system.
Page 8: Total farm gate output was about $63 billion in 2016-17 and is projected to hit $84 billion by 2030, but NFF president Fiona Simson says the sector wants to beat that projection and exceed $100 billion over the same time frame.
Page 13: Telstra chairman John Mullen says the telco’s infrastructure arm is the natural owner of NBN Co when the government privatises the wholesale broadband provider, and the Telstra division was created for that purpose.
Page 14: One such creative suitor is Perth businessman Russell Moran, who is understood to have ventured up to the Pilbara in recent days to participate in a site visit that inspected the commissioning process at Wodgina.
Page 15: Toll will cut about 330 jobs in Australia and 700 jobs globally as the trucking and logistics group outsources finance and accounting services to Accenture.
Page 29: Private equity-backed logistics fund ESR has won over the board of Propertylink with a sweetened $723.4 million buyout proposal, in a move that effectively torpedoes Propertylink’s own buyout ambitions for another property trust.
The Australian
Page 1: Scott Morrison is facing a diplomatic backlash from key regional partner Indonesia after texting President Joko Widodo on Monday night to inform him of Australia’s policy shift on Israel.
Laws governing politically focused charities will need to be overhauled if governments want to restrict overt campaigning at taxpayers’ expense, according to the $142 billion sector’s chief regulator.
Page 2: The Reserve Bank is worried that cash-strapped consumers, hit by low wage growth and tighter bank lending standards, will undermine its confident predictions of continued strong economic growth.
Page 4: Marginal Coalition seat-holders have hit out at the government for reversing its support for One Nation leader Pauline Hanson’s motion acknowledging “it’s OK to be white”, as Scott Morrison and senior colleagues were forced into damage control ahead of Saturday’s Wentworth by-election.
Page 17: Telstra has been stung by one of the biggest ever protest votes for a blue-chip company, with more than 62 per cent of shareholders issuing a strike against the telco’s remuneration report in a major rebuke over management, strategy and shrinking investor returns.
Page 26: Australia’s medical research efforts produce economic gains nearly four times higher than the money spent, according to a new report.
The West Australian
Page 1: The Federal Government is on the verge of delivering WA almost $7 billion after agreeing to guarantee in law that no State or Territory will be worse off under its changes to the GST.
Page 8: Premier Mark McGowan has told Parliament he changed his position on selling the TAB after winning last year’s election because it was in the best interests of the State.
Page 9: West Australians are unhappier than ever with their phone and internet companies, with complaints to the Telecommunications Industry Ombudsman up almost 11 per cent for the year to more than 15,000 for the first time.
Page 12: Disgraced former Labor MP and police officer Barry Urban appeared in court yesterday accused of forging documents in applications to join the force and lying to a parliamentary committee.
Page 14: Plans for a $5 million Pirates Cove Adventure Golf theme park at Hillarys Boat Harbour have been terminated, with directors blaming delays and exposure of a past link between the family behind the project and a British serial paedophile.
Business: The McGowan Government has given oil and gas giant Chevron some breathing space for its increasingly desperate efforts to get the troubled Gorgon carbon capture and storage project working.
The State Government has still to decide whether to cash in some or all of its potential $240 million stake in property settlements platform Property Exchange Australia.
A prominent North West Aboriginal corporation is to embark on its first foray into agriculture, after putting out calls for a partner to help develop land in stage two of the Ord irrigation area.
Property: Subcontractors WA has accused the State Government and Main Roads of failing to protect subcontractors’ pay after one of the companies working on the $1 billion NorthLink road project got into financial difficulty.
The $26.9 million sale of a neighbourhood shopping centre in Stockland’s residential community of Vale Aveley on a record yield provides further evidence of an investor love affair with neighbourhood shopping centres.
Primewest funds have forked out more than $15 million for two large format retail centres in Cannington, the eighth biggest LFR precinct in Australia.
Quest Apartment Hotels Scarborough has added 11 apartments, taking the property to a total of 52 apartments, 200m from the beach and local restaurants.
A 1169sqm Fremantle site, zoned mixed use and opposite Fremantle Hospital, is for sale, with offers closing today.