25/08/2021 - 06:54

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25/08/2021 - 06:54

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Trucking crisis deepens as Linfox drivers prepare to strike

More than 15,000 transport workers are headed towards national strikes over the next few months as Linfox truck drivers join Toll, StarTrack and FedEx employees in preparing to take industrial action. The Fin

S&P threatens BHP with double downgrade to BBB+

BHP will be less diversified than Rio Tinto, Anglo American and Glencore upon the divestment of its petroleum division, according to ratings agency S&P Global, which has threatened to downgrade the miner’s credit profile to a record low. The Fin

PM: Christmas trips likely

Scott Morrison says people should be able to travel interstate to see loved ones at Christmas, as he continues to pressure state and territory leaders to stick to the national plan to start reopening the economy once key vaccination targets are reached. The Fin

Jabs for jobs: Seek’s vaccine warning

Ian Narev, the chief executive of the nation’s biggest job search company Seek, says it is both “inevitable and imminent” that businesses looking for staff on his employment website will demand to know if applicants have received their Covid-19 vaccine. The Aus

Aussie unis frozen out by China

Beijing has frozen out Australian universities from the long-standing practice of setting up joint courses with Chinese universities which, until Covid-19, were a popular route for students to come to study in Australia. The Aus

Oil Search investors wary of Santos deal

Oil Search’s interim CEO is under pressure to explain why the Papua New Guinea company has not sought alternative bidders or even looked to sell assets, rather than immediately committing to a $21 billion merger with Santos that some investors fear undervalues its assets. The Fin

Nickel target Western Areas plays hard to get

Takeover target Western Areas will retain maximum leverage to surging demand for nickel in batteries by ensuring supply from its next Australian mine is not tied up in long-term supply contracts with traditional industrial customers. The Fin

Red tape removal a lifeline for business

Josh Frydenberg has removed barriers for small and medium businesses struggling with lockdowns and Covid-19 outbreaks, giving them access to government-guaranteed loans and cheap credit. The Aus

Bonuses used to boost skilled staff

Quarterly bonuses, career fasttracking, greater workplace flexibility and programs to lure back departed talent are among the creative initiatives WA companies are using to compete for workers amid an “unprecedented” labour shortage in the State’s resources sector. The West

Boral considers mandatory jabs

Boral is close to finalising an incentive for workers to get the COVID-19 jab and has left the door open to mandatory vaccination after foreshadowing an early $50 million hit from virus-induced lockdowns. The West

 

 

The Australian Financial Review

Page 1: Scott Morrison says people should be able to travel interstate to see loved ones at Christmas, as he continues to pressure state and territory leaders to stick to the national plan to start reopening the economy once key vaccination targets are reached.

Page 2: More than 15,000 transport workers are headed towards national strikes over the next few months as Linfox truck drivers join Toll, StarTrack and FedEx employees in preparing to take industrial action.

Page 6: The size of NSW and Victoria’s outbreaks will not jeopardise the safe reopening of the economy when 80 per cent of the adult community is vaccinated, the Doherty Institute says.

Qantas is targeting the pent-up desire of Australians to visit loved ones with sentimental advertisements designed to boost vaccination rates – and get customers back in the air.

Page 10: The Coalition and Labor will team up to change Australia’s electoral laws, shortening pre-polling periods before federal elections and forcing the deregistration of some minor parties.

Page 11: China has accused the United States of seeking to turn south-east Asian nations against it as Vice-President Kamala Harris used a visit to the region to accuse Beijing of coercion and intimidation over its territorial claims in the South China Sea.

Page 13: Oil Search’s interim CEO is under pressure to explain why the Papua New Guinea company has not sought alternative bidders or even looked to sell assets, rather than immediately committing to a $21 billion merger with Santos that some investors fear undervalues its assets.

The chief executive of concrete and asphalt group Boral says the construction industry takes up to six weeks to return to full strength after lockdowns end, as he warned of tough times ahead.

Takeover target Western Areas will retain maximum leverage to surging demand for nickel in batteries by ensuring supply from its next Australian mine is not tied up in long-term supply contracts with traditional industrial customers.

Page 15: BHP will be less diversified than Rio Tinto, Anglo American and Glencore upon the divestment of its petroleum division, according to ratings agency S&P Global, which has threatened to downgrade the miner’s credit profile to a record low.

Page 17: The pandemic profit boom for medical gloves and protective suit maker Ansell that helped the group declare a record final dividend yesterday may have passed its peak.

Page 19: Australia’s biggest alumina exporter expects margins to be crimped by high shipping costs until the pandemic is over, but is encouraged by persistently strong Chinese demand for the end product, aluminium.

Smash repair giant AMA Group has notched a $100 million impairment hit and stood down 190 staff as COVID-19 cuts the number of damaged cars to fix.

 

 

The Australian

Page 1: Extended school closures appear to have curtailed education outcomes in the nation’s most locked-down state, with the latest NAPLAN results revealing Victorian students did not progress as well as those in the rest of the country.

Page 3: Beijing has frozen out Australian universities from the long-standing practice of setting up joint courses with Chinese universities which, until Covid-19, were a popular route for students to come to study in Australia.

Page 4: The $3bn in taxpayer money pumped into the home-building sector has created a construction boom that is now just 12 months away from swinging to a bust, according to new modelling which predicts an overstimulated sector will build 150,000 more homes than needed by 2023.

The nation’s biggest industry group is demanding Scott Morrison and national cabinet fast-track home quarantine and travel for fully vaccinated people, saying businesses can no longer wait for borders to open – despite outbreaks plaguing NSW, the ACT and Victoria.

Page 5: Josh Frydenberg has removed barriers for small and medium businesses struggling with lockdowns and Covid-19 outbreaks, giving them access to government-guaranteed loans and cheap credit.

Page 13: Ian Narev, the chief executive of the nation’s biggest job search company Seek, says it is both “inevitable and imminent” that businesses looking for staff on his employment website will demand to know if applicants have received their Covid-19 vaccine.

Page 16: PwC Australia is on track to roll out a vaccination program for its workforce of more than 8000 and their families before Christmas, with CEO Tom Seymour backing a plan to reopen the country following a stop-start year for the advisory firm.

 

 

The West Australian

Page 4: Fremantle Port workers employed by Australia’s biggest logistics company have been photographed without masks aboard a foreign ship — and interacting with an unmasked overseas crew member — in clear breaches of COVID-19 protocols designed to prevent the virus from entering WA.

WA’s top cop Chris Dawson has been pulled off police duties to focus entirely on overseeing the State’s COVID-19 vaccination rollout.

Page 5: Mark McGowan has accused Scott Morrison of using commentary about the national vaccination plan as a “smokescreen” to distract from the worsening NSW outbreak.

Page 7: Rio Tinto is the latest mining giant hit by the sexual assault crisis in WA’s resources sector — with police investigating the alleged rape of a female worker at its open-pit ore mine near Pannawonica.

Page 8: Mothers of kids with autism who delay their next pregnancy by three years are less likely to have another autistic child, a study shows.

Hillarys is emerging as the Cottesloe of the north, with surging demand pushing it to the top of the list of the most-viewed suburbs on the REIWA website.

Page 20: Renowned brain surgeon Charlie Teo must get the support of a second neurosurgeon before performing certain high-risk operations under new conditions imposed on him.

Business: Quarterly bonuses, career fast-tracking, greater workplace flexibility and programs to lure back departed talent are among the creative initiatives WA companies are using to compete for workers amid an “unprecedented” labour shortage in the State’s resources sector.

Surging activity levels across much of Australia’s mining sector, despite the challenges of COVID-19, has sent fleet maintenance company Mader Group to a higher profit.

Macmahon says mining contract extensions at the Tropicana and Telfer gold mines will add about $600 million to its order book.

Boral is close to finalising an incentive for workers to get the COVID-19 jab and has left the door open to mandatory vaccination after foreshadowing an early $50 million hit from virus-induced lockdowns.

Prominent WA farmer John Nicoletti plans to add thousands more hectares of WA farmland to his extensive portfolio after cashing in on an almost $120 million farm sale on the east coast.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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