20/12/2018 - 06:56

Morning Headlines

20/12/2018 - 06:56

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Warning of deaths over solar panels

Morning Headlines

Warning of deaths over solar panels

Energy Minister Angus Taylor has written to his state counterparts to warn that lives could be at risk from unsafe or sub-standard solar panel installations, with a national audit report finding up to one-quarter of all rooftop units inspected posed a severe or high risk. The Aus

Insurers see hope in low price hikes

Private health insurers are hopeful more Australians will take up cover and existing members will stop downgrading policies after the government said premiums would rise by an average 3.25 per cent next year – the lowest annual increase in 18 years. The Fin

Student digs win foreign investor tax hike reprieve

The $8 billion student accommodation industry has been given a boost this week after the federal government quietly shelved plans to tax foreign investment in the sector at double the usual rate. The Fin

Racing plans a $28m facelift

Racing and Wagering WA has earmarked $28 million from its cash reserves to turn Bunbury racetrack into a major centre for the growing South West and Peel regions, while upgrading Pinjarra’s course and widening the Ascot home turn and straight. The West

Housing loan clamp axed to avoid crunch

The nation’s banking regulator has scrapped tough restrictions on banks writing interest-only mortgages as it attempts to avert a threat of a credit crunch and put a floor under falling house prices. The Aus

Central Norseman gold mine sale stalls

The proposed sale of the Central Norseman gold operation has stalled, with its owner revealing it has been unable to strike a deal for the historic mine since it went on the market last year. The West

Karl Stefanovic axed from Today Show

Karl Stefanovic has been axed as host of Nine’s breakfast television Today Show following a year of tough ratings and off-camera issues. The Fin

 

 

The Australian Financial Review

Page 1: Small retail businesses and the wellpaid offshore oil and gas industry could be subject to industry bargaining rights being considered by Labor, employers warm.              

Page 3: Shares in most discretionary retailers have fallen sharply in the December quarter in expectation that Christmas 2018 will fall short of expectations and sales growth will not be strong enough to deliver margin growth, leading to a round of earnings downgrades in February.

Karl Stefanovic has been axed as host of Nine’s breakfast television Today Show following a year of tough ratings and off-camera issues.

It has been a hot year for growers, but the 2018-19 mango season is tipped to see the second-largest harvest on record hit store shelves over summer.

Page 9: The federal government’s family law reforms appear certain to die a slow death under the combined weight of a hostile Senate committee and limited sitting days before the election.

Page 11: Belgium’s Prime Minister, under pressure from the right and left, submitted his resignation on Wednesday (AEDT) in the face of a populist revolt over his migration policy which opponents say threatens Belgian sovereignty.

Page 15: Private health insurers are hopeful more Australians will take up cover and existing members will stop downgrading policies after the government said premiums would rise by an average 3.25 per cent next year – the lowest annual increase in 18 years.

Page 17: GrainCorp chairman Graham Bradley has cast more doubt on the structure of an ambitious $3.3 billion takeover play for the company and left a question mark hanging over whether it undervalues the prized agribusiness.

Bega Cheese chairman Barry Irvin has blamed the failure of the east-coast grain harvest and increased competition for dairy shortages that will force it to pay more for milk and eat into earnings.

Page 31: The $8 billion student accommodation industry has been given a boost this week after the federal government quietly shelved plans to tax foreign investment in the sector at double the usual rate.

 

 

The Australian                                                                                                                          

Page 1: Energy Minister Angus Taylor has written to his state counterparts to warn that lives could be at risk from unsafe or sub-standard solar panel installations, with a national audit report finding up to one-quarter of all rooftop units inspected posed a severe or high risk.

The nation’s banking regulator has scrapped tough restrictions on banks writing interest-only mortgages as it attempts to avert a threat of a credit crunch and put a floor under falling house prices.

Page 14: Three years after Stockland first examined a sale of its $1.1 billion retirement operation a divestment is back on the agenda, with the $8.86bn developer hiring advisers to sell all or part of the operation.

Page 15: Australia Post plans to step up its global e-commerce business, spending $20 million to take full control of its 40 per cent-owned London-based logistics business, Aramex Global Services.

Page 16: Further evidence has emerged of a softening housing market, with National Australia Bank chief executive Andrew Thorburn revealing home loan applications to the bank have fallen by 7 per cent over the past six months.

Page 18: Japanese technology giant Soft-Bank raised a record amount for its mobile unit in the world’s second-biggest ever IPO, but the shares plunged in a disappointing debut trading session.

 

 

The West Australian

Page 6: The State Government will use its midyear economic review to unveil details of the reshaping of Subiaco — moving the WA Football Commission to Tuart College and efforts to preserve parts of Subiaco Oval.

Page 9: WA’s biggest health insurer will have the lowest average increase in premiums of all big Australian health funds next year, with a rise of just under 2 per cent.

Page 16: Racing and Wagering WA has earmarked $28 million from its cash reserves to turn Bunbury racetrack into a major centre for the growing South West and Peel regions, while upgrading Pinjarra’s course and widening the Ascot home turn and straight.

Page 18: The owner of one of WA’s biggest rock lobster fishing operations has accused Fisheries Minister Dave Kelly of “thuggery” over a grab for a major share of the lucrative trade.

Business: The proposed sale of the Central Norseman gold operation has stalled, with its owner revealing it has been unable to strike a deal for the historic mine since it went on the market last year.

Beaten-down gold miner Troy Resources was yesterday trying to bed down a $5 million placement to help fund further exploration at its recently acquired Ohio Creek prospect in Guyana.

Australian Vanadium boss Vincent Algar has played down a negative share price reaction to the company’s pre-feasibility study on its Gabanintha project, saying the findings had provided a firm basis for progressing to funding and development.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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