29/07/2021 - 06:46

Morning Headlines

29/07/2021 - 06:46

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FMG assault safety audit

Fortescue Metals Group will undertake a major “integrity review” of all its worksites in the wake of an alleged sex attack at one of its Pilbara mines and after a spate of rape claims industry-wide. The West

Forrest weighs options after BHP nickel bid

Andrew Forrest is weighing his options after BHP gazumped his takeover bid for a Canadian nickel explorer, and could opt to remain on the register as a big shareholder. The Fin

Qantas wants mandatory jabs for staff

Qantas is considering demanding that aviation workers get a COVID-19 vaccine and is surveying staff about introducing the requirement. The Fin

Woodside nears BHP assets deal

More speculation continues to trickle out into the market about a possible acquisition by Woodside of BHP’s petroleum business, with sources in the market now suggesting that a planned deal by the $22bn listed energy producer has considerably progressed and is on track to be announced in about three weeks. The Aus

New car demand drives record profits

Eagers Automotive, Australia’s largest car dealership group, which has about 200 showrooms and 11 per cent of the new vehicle market, generated record profits in the June half on booming demand. The Fin

A $1.2m fee for 30-minute meetings and ‘very little power’

Meetings of the board ostensibly in charge of overseeing the running of Crown Perth sometimes lasted less than 30 minutes — while non-executive directors were paid tens of thousands of dollars to attend. The West

Unhealthy vax facts

Almost 30 per cent of workers in WA’s public healthcare system are not vaccinated against COVID-19, despite being prioritised when the rollout began five months ago. The West

Karrinyup’s fresh crew happy to talk shop

After nearly three years in the making, Karrinyup Shopping Centre is today launching the first section of its new development in which more than 60 stores will open. The West

Big tech earnings surge since global COVID-19 pandemic

US tech giants Apple, Microsoft and Google owner Alphabet reported combined profits of more than $US50 billion ($68b) in the April-June quarter, underscoring their unparalleled influence and success at reshaping the way we live. The West

 

The Australian Financial Review 

Rio Tinto will pay the biggest half-year dividend in Australian corporate history but has warned shareholders its $US12.16 billion profit was fuelled by an ‘‘unsustainable’’ level of Chinese demand.

Financial support for adversely affected workers and distressed businesses has been revamped and increased for the fourth time in two months in response to NSW’s worsening COVID-19 delta crisis, at a cost to federal and state taxpayers of more than $1 billion a week.

Page 3: Proposed reforms to Australia’s electricity market rules will ‘‘chill’’ investment in new renewable energy generation, derail state renewables targets and drive up costs for consumers by subsidising ageing coal power generators.

Page 4: Petrol prices, supply chain disruptions and the withdrawal of coronavirus supports caused inflation to spike in the June quarter, but the lift will be transitory and unlikely to shift the Reserve Bank’s outlook for interest rates.

Page 9: Qantas is considering demanding that aviation workers get a COVID-19 vaccine and is surveying staff about introducing the requirement.

Page 10: Former Rio Tinto boss Sam Walsh has joined the board of a powerful Aboriginal corporation with a big say in the future of iron ore operations in Western Australia.

Page 17: Spark Infrastructure’s suitors have sweetened their cash takeover offer by more than 5 per cent and secured the board’s agreement to engage on a potential $5.2 billion deal – but not to the exclusion of other potential takeover bidders.

Page 19: Andrew Forrest is weighing his options after BHP gazumped his takeover bid for a Canadian nickel explorer, and could opt to remain on the register as a big shareholder.

Eagers Automotive, Australia’s largest car dealership group, which has about 200 showrooms and 11 per cent of the new vehicle market, generated record profits in the June half on booming demand.

Page 21: Start-ups building on blockchain technology are seeking a ‘‘safe harbour’’ to ensure the corporate regulator doesn’t in future smack entrepreneurs for breaching what are now uncertain legal requirements.

 

 

The Australian

Page 1: Vaccinations have prevented scores of infections in aged care during the NSW Delta outbreak, with only six cases recorded among residents in aged-care facilities despite a total of more than 2500 infections.

Page 5: Australia’s triumphant rowers played catch us if you can – and nobody could – before swimming superstar Ariarne Titmus powered home like Winx on water to secure her second gold medal on a record-equalling day for the green and gold at the Tokyo Olympics.

Page 15: America’s two biggest pension funds are circling against former Reserve Bank of Australia governor Glenn Stevens, agitating for his removal as a director of the millionaire’s factory, Macquarie Group.

Page 16: More speculation continues to trickle out into the market about a possible acquisition by Woodside of BHP’s petroleum business, with sources in the market now suggesting that a planned deal by the $22bn listed energy producer has considerably progressed and is on track to be announced in about three weeks.

Page 22: Apple posted a bumper quarterly profit, leading a streak of record-setting earnings for technology companies even as the pandemic continues to weigh on the global economy.

IOOF Holdings has parted ways with 33 financial advisers managing $2.2bn in investor funds while reporting strong growth in funds under management for the final quarter of the financial year.

 

 

The West Australian

Page 3: Meetings of the board ostensibly in charge of overseeing the running of Crown Perth sometimes lasted less than 30 minutes — while non-executive directors were paid tens of thousands of dollars to attend.

Page 10: Fortescue Metals Group will undertake a major “integrity review” of all its worksites in the wake of an alleged sex attack at one of its Pilbara mines and after a spate of rape claims industry-wide.

Page 11: Almost 30 per cent of workers in WA’s public healthcare system are not vaccinated against COVID-19, despite being prioritised when the rollout began five months ago.

Business: After nearly three years in the making, Karrinyup Shopping Centre is today launching the first section of its new development in which more than 60 stores will open.

Shareholders of Salt Lake Potash are enduring another nerve-racking wait for news after the company again flagged a downgrade in production estimates from its flagship Lake Way project near Wiluna and another possible capital raising.

US tech giants Apple, Microsoft and Google owner Alphabet reported combined profits of more than $US50 billion ($68b) in the April-June quarter, underscoring their unparalleled influence and success at reshaping the way we live.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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