15/01/2019 - 06:01

Morning Headlines

15/01/2019 - 06:01

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Discounter Kmart will reduce its prices in an attempt to revive sales growth, which came to an abrupt halt in December after five years of uninterrupted gains.

Morning Headlines

Kmart set for revamp after sales shock

Discounter Kmart will reduce its prices in an attempt to revive sales growth, which came to an abrupt halt in December after five years of uninterrupted gains. The Fin

Qantas says airport after profit monopoly

The conflict between Qantas and Perth Airport over aeronautical fees has escalated with the airline accusing the airport of trying to deliver ‘‘monopoly super profits’’ to a few private investors, in a letter to the Productivity Commission. The Fin

Emirates is up & away as the seat battle bites

In another blow to WA tourism, Emirates has announced that it will suspend one of its two daily Perth-Dubai flights. The West

Ports, mine targeted in CFMEU hit

Wharfies earning up to $150,000 a year for working 33 hours a week will launch industrial action at Hutchison Ports Australia this week, condemning the lossmaking stevedore’s bid to cut their pay and conditions as the “most severe attack on waterfront conditions in a generation”. The Aus

ALP’s tax plan hurts workers, says Frydenberg

More than 60 per cent of taxpayers who made capital gains had taxable incomes of $80,000 or less, previously unpublished tax office data has revealed, as Josh Frydenberg stepped up his campaign to highlight the extent of those affected by Labor’s bevy of proposed tax increases. The Aus

Edify shakes off RCR Tomlinson collapse

Edify Energy chief executive John Cole says he won’t see the $70 million-plus he is chasing from RCR Tomlinson, but as he locked in funding for what will be Australia’s largest solar farm he said the collapsed engineering firm’s woes did not represent a sector-wide problem. The Fin

Fortescue could benefit from Rio’s port blaze

Fortescue Metals Group could emerge as the main beneficiary of last week’s fire at Rio Tinto’s Cape Lambert port in Western Australia after Rio confirmed it would not be able to meet some of its contracted export commitments.  The Aus

 

The Australian Financial Review

P1: The federal government would host competitive tenders to manage default superannuation investments for workers to try to deliver higher returns via a system involving the Future Fund, under an option being canvassed by the Morrison government.

P3: Clive Palmer is pumping ‘‘whatever is needed’’ into a multimillion-dollar advertising blitz across television, print and outdoor advertising to try to land the controversial businessman back in the Australian Parliament at this year’s federal elections.

P4: Business pressure is building on the Morrison government to beat Labor’s proposed $10 billion in accelerated tax breaks for corporate capital expenditure that will reward investment intensive manufacturers, energy generators, oil and gas producers, miners and other firms.

P7: A Chinese takeover bid for Australia’s largest network of medical centres and pathology clinics is set to be closely scrutinised by the Foreign Investment Review Board, after its head singled out the protection of healthcare data as a key area of concern.

P8: Assistant Trade Minister Mark Coulton heads to Japan this week where he will discuss with foreign counterparts how to make it easy for other countries to join the new Pacific Rim trade pact.

P11: Discounter Kmart will reduce its prices in an attempt to revive sales growth, which came to an abrupt halt in December after five years of uninterrupted gains. 

P15: Edify Energy chief executive John Cole says he won’t see the $70 million-plus he is chasing from RCR Tomlinson, but as he locked in funding for what will be Australia’s largest solar farm he said the collapsed engineering firm’s woes did not represent a sector-wide problem.

P15: The conflict between Qantas and Perth Airport over aeronautical fees has escalated with the airline accusing the airport of trying to deliver ‘‘monopoly super profits’’ to a few private investors, in a letter to the Productivity Commission.

P18: Smart earbud maker Nuheara hopes a shift in its sales strategy will pay off this year, with the company moving from selling its products in big-name electronics retailers to focusing on optical shops.

P29: Transaction activity in Australian commercial real estate has entered a cyclical downturn, with new figures from CBRE showing the value of deals fell 9 per cent to $32.8 billion in 2018, in part due to a major slump in Chinese investment.

 

The Australian

P1: Wharfies earning up to $150,000 a year for working 33 hours a week will launch industrial action at Hutchison Ports Australia this week, condemning the lossmaking stevedore’s bid to cut their pay and conditions as the “most severe attack on waterfront conditions in a generation”.

P4: More than 60 per cent of taxpayers who made capital gains had taxable incomes of $80,000 or less, previously unpublished tax office data has revealed, as Josh Frydenberg stepped up his campaign to highlight the extent of those affected by Labor’s bevy of proposed tax increases.

P17: The US-China trade war is increasing global economic risks and calls for further stimulus in China.

P17: Australia’s health insurance sector is in a downward performance trend, industry leaders warn, as the spotlight on insurers is set to intensify during the federal election campaign.

P18: Morgan Stanley analysts have declared Woolworths the winner of the Christmas trading period, out-trading Coles for the third year in a row.

P19: Telstra will today announce two significant investments into subsea cable infrastructure, including a large-capacity purchase on the new-generation New Cross Pacific (NCP) cable and a further investment in the FASTER cable, which stretches between the US and Japan.

P19: The government’s Clean Energy Regulator will review whether changes are needed to the approval process for solar inverters after some failed to adequately respond to an interconnector outage last year that isolated two states from the power system.

P19: Fortescue Metals Group could emerge as the main beneficiary of last week’s fire at Rio Tinto’s Cape Lambert port in Western Australia after Rio confirmed it would not be able to meet some of its contracted export commitments.

 

The West Australian

Page 1: Fly-in fly-out workers and “hardworking” locals in the Pilbara will be banned from buying takeaway alcohol on Sundays after being caught up in “draconian” booze restrictions targeting problem drinkers.

P3: In another blow to WA tourism, Emirates has announced that it will suspend one of its two daily Perth-Dubai flights.

P8: Leaked Health Department documents reveal how “urgent operational issues” and a “hodgepodge” approach to managing multimillion-dollar contracts continued in the department despite a Corruption and Crime Commission inquiry uncovering systemic bribery and fraud.

Business: The Federal animal welfare regulator has warned it will strip live sheep export licences from livestock carriers if tough proposed shipping standards are enforced and then not met.

Atrophied franchising giant Retail Food Group has confirmed it is considering selling assets to pay down debt, but says the $100 million price tag media slapped on its Crust Pizza empire is too high.

 

 

 

 

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