27/05/2021 - 07:04

Morning Headlines

27/05/2021 - 07:04

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Future Fund warns of rising inflation

A potential significant increase in inflation is a risk for financial markets and rising interest rates would make it difficult to generate investment returns, the head of the country’s $179 billion sovereign wealth fund has warned. The Fin

SafeWA app use plummets

WA Police has not issued a single fine or formal warning to any business for failing to keep a COVID contact register, as new figures reveal use of the SafeWA app is falling. The West

Industrial market in sweet spot

Industrial property has locked in its status as country’s hottest asset class with funds manager Fife Capital swooping on a major portfolio being sold off by the estate of the late billionaire tycoon Len Buckeridge in a $200 million deal. The Aus

OZ Min’s woes, weak sentiment for IPOs dampens 29Metals enthusiasm

Some institutional investors that had earlier been keen to buy shares in copper miner 29Metals are cooling on the opportunity after the recent decline in the share price of rival OZ Minerals and the dampening sentiment towards initial public offerings across the board. The Aus

‘Customer service’ key for casino regulator

Western Australia’s gambling regulator shifted from a culture of compliance to one of “customer service” for Crown’s Perth casino, a veteran casino inspector says. The Aus

Investors set for $71bn bonanza

Australian companies are set to pay almost $70.9bn in dividends this financial year, nearing their pre-pandemic peak in 2019, as boards elect to return profits to investors over business investment. The Aus

Telstra staff to choose where, when they work

Telstra’s workers will not be forced back into the office, under a new policy the telco hopes will help it attract and retain the strongest talent. The Fin

Labor to speed up decision on stage 3 tax cuts

Federal Labor will fast-track its position on the stage three income tax cuts in a bid to end internal unrest and attacks by the Morrison government. The Fin

Employers face legal minefield over vaccination

Major employers are seeking urgent clarity from the federal government and health authorities on their communication with staff on the vaccine rollout, amid legal advice that business could easily fall foul of tough drug rules and face harsh penalties. The Fin

Struggling Dacian to raise $45m for planned turnaround

Troubled miner Dacian Gold says it will raise $40 million in a two-tranche placement as it looks to turn around the performance of its flagship Mt Morgans operation near Laverton. The West

 

 

The Australian Financial Review

Page 2: Telstra’s workers will not be forced back into the office, under a new policy the telco hopes will help it attract and retain the strongest talent.

Page 3: A potential significant increase in inflation is a risk for financial markets and rising interest rates would make it difficult to generate investment returns, the head of the country’s $179 billion sovereign wealth fund has warned.

The NSW casino regulator asked Crown Resorts to review nine years of its bank accounts for signs of money laundering after the damning Bergin inquiry, but the James Packer-backed group tried to haggle down the time frame to three years, an inquiry heard.

Page 4: Federal Labor will fast-track its position on the stage three income tax cuts in a bid to end internal unrest and attacks by the Morrison government.

Page 6: The Australian Olympic Committee (AOC) wants the federal government to spend an extra $314 million over the next four years to boost an Olympic performance medal tally that has only declined since Sydney 2000.

Page 8: Major employers are seeking urgent clarity from the federal government and health authorities on their communication with staff on the vaccine rollout, amid legal advice that business could easily fall foul of tough drug rules and face harsh penalties.

Page 12: US President Joe Biden will rely on ally countries to supply the bulk of the metals needed to build electric vehicles, and will instead focus on processing them domestically into battery parts, as part of a strategy designed to placate environmentalists, two administration officials with direct knowledge told Reuters.

Page 15: Ramsay Health Care has agreed to buy listed British company Spire Health-care Group in a deal that values the target at £2.064 billion ($3.7 billion) including assumed debts.

Page 18: APA Group has flagged an acceleration of capital investment in growth projects as it carves out a share of an estimated $68 billion-plus of investment opportunities in energy infrastructure in Australia out to 2040 and many times higher in the US.

Page 21: Property giant Mirvac has taken an equity stake in a fashion tech start-up and is offering flexible rents and short leases to lure online retailers into its shopping centres.

 

 

The Australian

Page 1: AFL House, state bodies and clubs have systematically used payouts and confidentiality agreements to prevent employees who complain of assault, sexual harassment or bullying from “disparaging” the billion-dollar code.

Page 3: A parliamentary probe into the Cartier watch scandal has called on Scott Morrison to apologise to ousted Australia Post chief executive Christine Holgate over her treatment and for the organisation’s chairman, Lucio Di Bartolomeo, to resign.

Page 6: Western Australia’s gambling regulator shifted from a culture of compliance to one of “customer service” for Crown’s Perth casino, a veteran casino inspector says.

Page 13: Australian companies are set to pay almost $70.9bn in dividends this financial year, nearing their pre-pandemic peak in 2019, as boards elect to return profits to investors over business investment.

Woolworths is launching a new online marketplace to widen its reach in the fast-growing $10 billion-plus health and wellness sector that will see the supermarket giant provide digital health services and advice for the first time under one retail banner.

Page 14: Some institutional investors that had earlier been keen to buy shares in copper miner 29Metals are cooling on the opportunity after the recent decline in the share price of rival OZ Minerals and the dampening sentiment towards initial public offerings across the board.

Page 17: Industrial property has locked in its status as country’s hottest asset class with funds manager Fife Capital swooping on a major portfolio being sold off by the estate of the late billionaire tycoon Len Buckeridge in a $200 million deal.

 

 

The West Australian

Page 4: WA taxpayers are owed almost $20 million in overdue hotel quarantine bills from travellers who entered the State during the pandemic.

Page 5: WA Police has not issued a single fine or formal warning to any business for failing to keep a COVID contact register, as new figures reveal use of the SafeWA app is falling.

Page 7: BHP says it will not only introduce a four-drink daily limit at its mine sites but also encourage its army of fly-in, fly-out workers to limit their weekly intake to less than 10 standard drinks.

Page 8: Reconciliation WA has backed dual Aboriginal and European names for places and landmarks and challenged West Australians to turn positive sentiment for Indigenous people into direct action.

Page 11: The Federal Government has yet again refused to give an update on where the full-cycle docking submarine project will be located or when the decision will be made.

Business: WA-based Indigenous business owners say opportunities to play a bigger role in the economy are significantly improving, largely driven by growing support from top corporates.

WA is leading the national rebound in construction with a recovery in homebuilding, ultralow interest rates and government stimulus increasing State activity nearly 10 per cent in the March quarter.

Former Perth lord mayor Lisa Scaffidi and her husband Joe have won a $1.7 million-plus family battle linked to the Railway Hotel apartment project.

WA iron ore magnate Andrew Forrest is making a $142 million pitch for full control of a high-grade Canadian nickel miner just six months after buying into the company.

Troubled miner Dacian Gold says it will raise $40 million in a two-tranche placement as it looks to turn around the performance of its flagship Mt Morgans operation near Laverton.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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