13/08/2021 - 07:00

Morning Headlines

13/08/2021 - 07:00

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Eight team hubs & parade in blueprint for AFL

Authorities drawing up WA’s proposal for an AFL finals hub are looking into how all eight clubs competing for the premiership flag can be hosted in Perth, Fremantle, Mandurah and Bunbury. The West

Purple patch continues for supermarket giants

The purple patch for the $115 billion supermarket sector looks set to continue until at least the end of the year, as lockdowns boost at-home consumption, and food and grocery prices start to rise. The Fin

From ban to plum WA job

A former KPMG auditor snared in the collapse of the Westpoint property empire has landed a top job with WA’s Office of the Auditor General. The West

$184m Downer profit driven by building boom

Billions of dollars in infrastructure spending being lined up for Australia’s post-pandemic recovery is likely to continue to boost Downer’s fortunes as the group returned to a full-year profit of $184m to the end of June. The Aus

Get some Pfizer on your pork

WA’s main pork abattoir is the State’s first agricultural business to offer an on-site COVID-19 vaccination clinic but its management has no plans to make the jab mandatory for workers. The West

Nine, News urged to pull Palmer ads

Five federal crossbench MPs, including leader of the Australian Greens Adam Bandt, have written a joint letter to Nine Entertainment and News Corp calling on them to stop publishing ads from Clive Palmer that spread misinformation about COVID-19. The Fin

Premiers angry at NSW plan

State premiers will confront the Prime Minister at today’s national cabinet meeting over Sydney’s spreading delta outbreak and NSW Premier Gladys Berejiklian’s plan to open up the state even if cases remain high, warning it puts their citizens at risk. The Fin

Cotton On after General Pants

Retail giant Cotton On and British apparel group JD Sports are in the race for family-owned retailer General Pants, which is up for sale through Monash Private Capital. The Aus

ASIC ramps up property pusher litigation

The corporate watchdog has stepped up its legal campaign against property promoter Monica Kaur, claiming she operated an unregistered managed investment scheme while hooking 300 investors. The West

Tower sale to boost capital

Property developer Mirvac plans to off-load one of its Perth office towers by the middle of next year in a bid to boost capital for its development slate. The West

 

 

The Australian Financial Review

Page 1: State premiers will confront the Prime Minister at today’s national cabinet meeting over Sydney’s spreading delta outbreak and NSW Premier Gladys Berejiklian’s plan to open up the state even if cases remain high, warning it puts their citizens at risk.

Page 3: The Tax Office has accused iSignthis boss John Karantzis of hiding income in ‘‘known secrecy havens’’ and falsifying his tax affairs while blasting his ‘‘intentional disregard’’ for the law and his attempts to ‘‘hinder’’ a $10 million tax debt recovery.

Page 6: Five federal crossbench MPs, including leader of the Australian Greens Adam Bandt, have written a joint letter to Nine Entertainment and News Corp calling on them to stop publishing ads from Clive Palmer that spread misinformation about COVID-19.

Page 11: Crown has conceded it will have to hand over the casino portion of its sprawling Southbank complex to a rival operator if ordered by the Victorian government, further freeing the royal commission to recommend an open tender process for the state’s lucrative sole casino licence.

Page 12: Federal Energy Minister Angus Taylor says battery manufacturers, such as Elon Musk’s Tesla, should be more transparent about how to manage the risks from potentially catastrophic incidents such as the fire at the Victorian Big Battery project last month.

Page 16: The head of embattled AGL Energy has called for a co-ordinated long-term plan for the shutdown of the country’s coal-fired power stations to avoid price shocks for consumers and blackouts on the journey to net zero emissions.

Page 18: The purple patch for the $115 billion supermarket sector looks set to continue until at least the end of the year, as lockdowns boost at-home consumption, and food and grocery prices start to rise.

Page 20: Co-working space provider WeWork is offering prospective tenants 50 per cent off its usual hot desk and office fees in a bid to lure people back into the office.

Page 23: Sustainability is now ‘‘front and centre’’ of business, Downer EDI chief executive Grant Fenn said, as healthy profits from transport projects swung the services group back into the black with an annual net profit of $182 million.

 

 

The Australian

Page 1: The impact of Beijing’s trade war has been grossly understated and exporters must work harder to find new markets and stem a potential $23bn economic hit, a new study authored by three former Department of Foreign Affairs and Trade officials has found.

Page 2: University chancellors have moved to allay public concern about high salaries paid to university chiefs with a new code that will require transparency and benchmark remuneration against other public sector leaders.

Page 6: Pharmacists are reporting critical shortages in heart and stroke medications, mental health drugs and HRT therapies as supply chain blockages leave patients unable to access vital medications.

Page 13: AMP’s new chief executive Alexis George wants to curb fund outflows across the business and return to inflows through 2022, as the group undertakes a “massive simplification” of its wealth division and navigates the Covid-19 lockdowns.

Page 14: Retail giant Cotton On and British apparel group JD Sports are in the race for family-owned retailer General Pants, which is up for sale through Monash Private Capital.

Page 15: Strong demand from buyers through the current housing boom helped to underpin property developer Mirvac’s strong full-year result, but the company is bracing for market conditions to moderate as the county gets back to normal.

Page 16: Billions of dollars in infrastructure spending being lined up for Australia’s post-pandemic recovery is likely to continue to boost Downer’s fortunes as the group returned to a full-year profit of $184m to the end of June.

 

 

The West Australian

Page 3: Children as young as five have been ringing telephone hotlines seeking counselling over alcohol and drug-related issues during the pandemic.

Page 4: Authorities drawing up WA’s proposal for an AFL finals hub are looking into how all eight clubs competing for the premiership flag can be hosted in Perth, Fremantle, Mandurah and Bunbury.

It will be unlikely that employers will have the power to force vaccinations on to their workers in areas without community transmission, Australia’s workplace regulator has advised.

Page 16: Millionaire businessman John Poynton has been booted by outgoing Crown chair Helen Coonan again — after she stated he should have been doing much more than “ambassadorial” duties during his long stint on the board of the Burswood casino.

Business: A former KPMG auditor snared in the collapse of the Westpoint property empire has landed a top job with WA’s Office of the Auditor General.

Perth-based Noisy Guts has launched a clinically validated meal replacement shake for people with sensitive stomachs as the startup heads in a new direction.

Shares in Myer have gone on a tear after the company bowed to pressure from its biggest shareholder and persistent agitator Solomon Lew and released a trading update, fending off threats from the retail czar to call a costly extraordinary general meeting.

Reclusive billionaire James Packer is fighting calls to limit his voting power in the casino giant he once chaired, with his lawyers saying his status as Crown Resorts’ biggest shareholder doesn’t mean he has influence over it.

The corporate watchdog has stepped up its legal campaign against property promoter Monica Kaur, claiming she operated an unregistered managed investment scheme while hooking 300 investors.

WA’s main pork abattoir is the State’s first agricultural business to offer an on-site COVID-19 vaccination clinic but its management has no plans to make the jab mandatory for workers.

Former Atrum Coal boss Russell Moran must cough-up more than $60 million or face financial ruin after losing a last ditch High Court bid yesterday.

Property developer Mirvac plans to off-load one of its Perth office towers by the middle of next year in a bid to boost capital for its development slate.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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