01/03/2019 - 06:42

Morning Headlines

01/03/2019 - 06:42

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Morning Headlines

Premier implores miners to look local for steel supplies

Premier Mark McGowan wants iron ore miners to use more local suppliers for steel fabrication work on their big Pilbara iron ore projects. The West

CEO gender parity progress ‘glacial’

Female chief executives will have to wait until the next century to see equal gender representation based on current ‘‘glacial’’ growth levels, according to a new report. The Fin

Labor out to double its WA seats

Bill Shorten says Labor is “very competitive” in WA amid suggestions the Opposition is growing confident it could seize up to five Liberal-held seats as part of a thumping election victory. The West

$4.5b GST windfall as new deal settled

WA is in line for a $4.5 billion GST bonanza over the next three years, with the first payments under the new 70¢ floor set to flow into State coffers within months. The West

Medibank says reforms need to target costs

Medibank Private hastold federal Labor it should focus on industry-wide healthcare cost ‘‘drivers’’ and not just private health insurance in its proposed Productivity Commission inquiry. The Fin

Mission for Ita: deliver ABC back to the people

Scott Morrison has called on the ABC to “protect” its viewers and listeners and not focus on itself, claiming that his captain’s call appointment of Ita Buttrose as the new chairwoman of the public broadcaster would ensure the focus was on its audiences. The Aus

Young voters may sway the federal election

Young and early voters could have a big impact on the federal election, which Australian Electoral Commissioner Tom Rogers says could be pushed back to June if the government forced him. The Fin

MinRes boss Ellison hopes for rare form with mining IPO

Fund managers have been given another chance to ride the coat-tails of canny mining investor Chris Ellison, with rare earths play VHM Exploration rattling the tin in a pre-initial public offering round. The Fin

 

 

The Australian Financial Review

Page 1: Fears that a slowing economy would severely crimp corporate earnings proved unfounded through the profits season, resulting in a bumper February on the ASX as big bank stocks enjoyed a post-Hayne relief rally and miners showered investors with cash.

BHP has reshuffled its executive leadership team, promoting three women and adding the roles of chief transformation officer and chief geoscientist, in a move which also cements three internal candidates as potential replacements for chief executive Andrew Mackenzie.

Female chief executives will have to wait until the next century to see equal gender representation based on current ‘‘glacial’’ growth levels, according to a new report.

Page 5: Newly appointed ABC chairman Ita Buttrose says she will listen but won’t be intimidated by complaints from politicians about the public broadcaster, vowing to protect its independence and fight for funding.

Page 6: Credit growth for housing recorded its smallest monthly increase since July 1984, pointing to further house price declines and an imminent fall in residential construction.

Page 7: Medibank Private has told federal Labor it should focus on industry-wide healthcare cost ‘‘drivers’’ and not just private health insurance in its proposed Productivity Commission inquiry.

Page 8: Young and early voters could have a big impact on the federal election, which Australian Electoral Commissioner Tom Rogers says could be pushed back to June if the government forced him.

Page 9: Opposition education spokeswoman Tanya Plibersek says Labor will concentrate on the trouble-plagued TAFE sector if it wins government and there will be an increase in funding for vocational education.

Page 18: Fund managers have been given another chance to ride the coat-tails of canny mining investor Chris Ellison, with rare earths play VHM Exploration rattling the tin in a pre-initial public offering round.

Page 22: A drought-induced grain shortage has ended the battle between Woolworths and Coles for who can offer the cheapest roast chook, according to poultry producer Ingham’s Group.

 

 

The Australian

Page 1: Scott Morrison has called on the ABC to “protect” its viewers and listeners and not focus on itself, claiming that his captain’s call appointment of Ita Buttrose as the new chairwoman of the public broadcaster would ensure the focus was on its audiences.

Page 2: Doctors have warned that a new volunteer medical panel to fast-track refugee transfers to Australia could be unworkable without further clarity from the government, ahead of Labor’s contentious medivac bill receiving royal assent as early as today.

Page 17: Non-mining businesses expect to lift spending by 8.5 per cent this year, with further increases planned for next year, defying an uncertain global environment, a looming federal election and a sharply cooling housing market.

Energy producers Woodside Petroleum and Santos face a new wave of climate change activism as investors call for two of Australia’s largest oil and gas players to lower emissions to meet Paris climate targets.

Page 18: Regional television and radio broadcaster Southern Cross Media Group is believed to be considering a takeover bid for its rival across the Tasman, NZME.

Page 19: Harvey Norman executive chairman and billionaire investor Gerry Harvey says the malaise in retail is spreading into the broader Australian economy, producing a “pretty flat” growth environment that could threaten jobs and the nation’s wealth.

Popular cook and TV personality Maggie Beer will get a $10 million windfall from the sale of her remaining 52 per cent stake in the Maggie Beer Products food business, after agreeing to sell out of her family-owned company to ASX-listed food group Longtable.

 

 

The West Australian

Page 4: An embarrassing blunder in material to be used in a Federal tourism campaign — where a couple are pictured at Kings Park watching the sun set in the east — will be corrected before it is distributed.

Page 7: A large great white shark closed a surf break at Margaret River yesterday, but some surfers on the water could not hear or see a new shark alarm installed to warn them of the danger.

Premier Mark McGowan yesterday reminded the big iron ore miners of their civic duty to make sourcing local content a priority.

Page 8: Bill Shorten says Labor is “very competitive” in WA amid suggestions the Opposition is growing confident it could seize up to five Liberal-held seats as part of a thumping election victory.

WA is in line for a $4.5 billion GST bonanza over the next three years, with the first payments under the new 70¢ floor set to flow into State coffers within months.

Page 11: The mayor of a progressive inner-city Perth council says local governments should not be forced to hold citizenship ceremonies on Australia Day if it is seen as divisive by their communities.

Business: Premier Mark McGowan wants iron ore miners to use more local suppliers for steel fabrication work on their big Pilbara iron ore projects.

Probes by Australian and US watchdogs into Austal are broader than previously disclosed, with the shipbuilder telling investors they encompass eight years of earnings reporting.

Grill'd boss Simon Crowe says the move to eat less meat is no fad - and his restaurant chain has pledged to have half of its burger menu plant based by 2020.

The third member of the executive team who founded Pilbara Minerals will be reunited at acquisitive explorer Bardoc Gold with Tony Leibowitz joining the company as chairman.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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