15/02/2021 - 06:47

Morning Headlines

15/02/2021 - 06:47

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Morning Headlines

Rinehart in milestone as Forrest, Ellison row

While Andrew Forrest and Chris Ellison squabble in the courts over an iron ore project, Gina Rinehart is quietly running ahead of schedule developing a new mine. The Fin

McGowan backer big subsidies recipient

The billionaire property developer and card-carrying Liberal who has thrown his support behind Mark McGowan’s Labor government has been a big beneficiary of the state’s generous housing subsidies, an analysis of data shows. The Aus

Big earnings reports reveal home truths

Investors are braced for a make-or-break week of blue-chip earnings, with National Australia Bank, Westpac and Australia & New Zealand Bank providing trading updates, alongside half-year numbers from Coles, CSL, Cochlear, BHP and Fortescue. The Fin

ASX outage to shake up bourse

The sharemarket’s snap trading shutdown last year has forced financial regulators to develop plans to inject more competition against the Australian Securities Exchange and move to compel stockbrokers to connect to its competitor, Chi-X. The Fin

Maritime Super execs keep $2.5m pay after merger

The superannuation fund for maritime workers will continue to pay more than $2.5 million in annual directors and executive remuneration even after agreeing to pool its members’ $6 billion into a fund managed by Hostplus. The Fin

CommSec doubles Gen Z, Millennial footprint

The number of first-time investors using the Commonwealth Bank’s veteran trading platform has jumped 125 per cent since the beginning of the coronavirus pandemic as young Australians have bought in to the so-called Robinhood phenomenon rocking global markets. The Fin

New dole: one payment for all

Welfare payments could be streamlined into a single payment for unemployed Australians receiving up to a dozen other supplements or subsidies under a proposal being considered by the Morrison government as it maps out options for a permanent rise in the JobSeeker rate. The Aus

Documents reveal how pandemic polling may have shaped COVID policies

Mark McGowan has been accused of basing his response to COVID-19 not on health advice — but polling paid for by the State Government to track public sentiment on everything from the hard border to the AFL grand final. The West

Sticky business as honey runs short

Local honey supplies are set to shrink this year, as WA’s industry warns of a major shortage driven by a dry 2020 and devastating bushfires. The West

 

 

The Australian Financial Review

Page 1: The sharemarket’s snap trading shutdown last year has forced financial regulators to develop plans to inject more competition against the Australian Securities Exchange and move to compel stockbrokers to connect to its competitor, Chi-X.

Page 3: The superannuation fund for maritime workers will continue to pay more than $2.5 million in annual directors and executive remuneration even after agreeing to pool its members’ $6 billion into a fund managed by Hostplus.

Page 4: Epidemiologists have warned that Australia needs a more nuanced approach to responding to the UK COVID-19 strain than snap lockdowns, as Victoria looks on track to bring the Holiday Inn cluster under control before its five-day shutdown ends.

Page 9: More than 2.1 million workers have left the JobKeeper wage assistance scheme, which Treasurer Josh Frydenberg said showed growing strength in Australia’s economic recovery from COVID-19.

Page 10: The French company building Australia’s future submarines has admitted going over the Defence Department’s budget envelope for the next stage of the project, blaming it on new demands from the government and Australian suppliers being more expensive.

Page 14: Australia has to reinstate the link between international students and immigration if it wants a long-term solution to the revenue crisis in universities, says the chairman of the International Students Education Agents Association, Mark Lucas.

Page 15: Investors are braced for a make-or-break week of blue-chip earnings, with National Australia Bank, Westpac and Australia & New Zealand Bank providing trading updates, alongside half-year numbers from Coles, CSL, Cochlear, BHP and Fortescue.

Page 17: The number of first-time investors using the Commonwealth Bank’s veteran trading platform has jumped 125 per cent since the beginning of the coronavirus pandemic as young Australians have bought in to the so-called Robinhood phenomenon rocking global markets.

Page 21: While Andrew Forrest and Chris Ellison squabble in the courts over an iron ore project, Gina Rinehart is quietly running ahead of schedule developing a new mine.

 

 

The Australian

Page 1: Welfare payments could be streamlined into a single payment for unemployed Australians receiving up to a dozen other supplements or subsidies under a proposal being considered by the Morrison government as it maps out options for a permanent rise in the JobSeeker rate.

Page 3: A coalition of church-backed, charity and private aged-care providers covering 1000 organisations will launch a political campaign across 15 marginal federal electorates warning Australia will need to spend an extra $20bn a year to bring the sector in line with world standards.

Page 6: The billionaire property developer and card-carrying Liberal who has thrown his support behind Mark McGowan’s Labor government has been a big beneficiary of the state’s generous housing subsidies, an analysis of data shows.

Australia’s first shipment of Pfizer vaccines will arrive in the country by late Tuesday in a high-security operation, with the first vaccinations on track to begin next week.

Page 13: As attacks from day traders put short sellers on edge, it has emerged that two of the nation’s largest superannuation funds have pulled the pin on securities lending in the local market.

Page 15: Amazon is back on top as the most visited retail website through the Black Friday sales in November and subsequent Christmas holiday trading, nudging Bunnings into second place, with Australian shoppers also browsing the net for sites offering home furnishings and price promotions.

Page 16: Australia’s biggest iron ore miners could hand back close to $20bn to shareholders this week as iron ore prices fuel record dividends.

Fortescue Metals has rung the changes in its senior leadership team as the company struggles to get costs at its Iron Bridge magnetite operation back on track amid cost blowouts that could top $US650m ($840m).

Page 19: An independent complaints organisation should be set-up to handle complaints against the ABC amid growing concerns about the public broadcaster’s political bias, according to a Liberal senator.

 

 

The West Australian

Page 1: Mark McGowan has been accused of basing his response to COVID-19 not on health advice — but polling paid for by the State Government to track public sentiment on everything from the hard border to the AFL grand final.

Page 8: Children’s charity UNICEF and Parents at Work are calling for the Government and businesses to adopt “genderbalanced leave policies” that offer men and women the same amount of leave and do not require families to assign one parent the “primary carer”.

Page 11: Primary school kids should ditch digital technology and return to using chalk and slates, a leading educational expert says.

Business: WA’s Big Three are poised to return a record $5.5 billion to investors as the country’s major miners reveal the first fruits of Australia’s new iron ore boom.

Local honey supplies are set to shrink this year, as WA’s industry warns of a major shortage driven by a dry 2020 and devastating bushfires.

Financial regulator APRA has flagged higher scrutiny of superannuation funds, telling those running below-par funds to “get better or get out”.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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