UniSuper stands up to climate activists
UniSuper is standing firm on its remaining fossil fuel exposures, saying it will not be pressured by climate activists to fully divest even as it admits its holdings in oil and gas majors such as Santos and Woodside, at just a fraction of the fund’s overall assets, are too low to engage on climate issues. The Aus
Pilbara’s price pays off
The long-standing executives behind the success of Pilbara Minerals are coming into serious money as stock rewards mature at the same time as the lithium miner’s shares run. The West
PC gives poor report card to Gonski reforms
The Productivity Commission says that four years into a 10-year, $319 billion injection of additional funding into schools, academic performance is still declining, including among the disadvantaged students whose prospects the system was designed to advance. The Fin
Consumers spend but ‘pessimistic’
A boom in household spending and rapidly rising wages will keep inflation elevated next quarter as businesses pass through soaring costs to consumers, with experts saying the economy is operating beyond full capacity despite rising interest rates. The Fin
KKR-Ramsay deal in tatters as shares tank
Australia’s biggest philanthropic foundation has been left trying to rekindle buyout negotiations for Ramsay Health Care or find other ways it can sell down its stake in the nation’s largest private hospitals operator as it seeks to diversify its holdings. The Fin
Virgin’s ploy to plunder Qantas
Virgin Australia is making a move on Qantas’s most loyal customers, offering to status match gold frequent flyers at a time of discontent with the flying kangaroo. The Aus
Aussie in full Emmys bloom with Lotus
Perth expatriate Murray Bartlett thanked his mum as he took out a key acting award at Tuesday’s Emmy awards for his role in HBO’s The White Lotus, which triumphed in five categories – more than any other show. The Aus
Second union flags hospital strike over pay rise offer
The McGowan Government is facing waves of industrial action at public hospitals after a second union representing health workers rejected the revised public sector wages offer. The West
Receivers appointed to Griffin Coal
Griffin Coal’s bankers have put receivers into the cash-strapped Collie miner to avert a threatened move on the company by Bluewaters power station. The West
The Australian Financial Review
Page 1: Star Entertainment has two weeks to show cause why it should not lose its lucrative NSW casino licence or face a fine of up to $100 million after a regulatory inquiry found serious failures of corporate governance and culture and declared the company unsuitable to hold the licence.
Page 3: The Productivity Commission says that four years into a 10-year, $319 billion injection of additional funding into schools, academic performance is still declining, including among the disadvantaged students whose prospects the system was designed to advance.
Page 4: Anthony Albanese has fobbed off complaints by the independents over the proposed national integrity commission, saying legislation to establish the new body will pass with or without them and that they should get on board and not hold up the process.
Page 5: The prospect of Australia’s new head of state appearing on the $5 note is far from assured as the government is reluctant to replace the Queen with her successor, King Charles III.
Page 6: A boom in household spending and rapidly rising wages will keep inflation elevated next quarter as businesses pass through soaring costs to consumers, with experts saying the economy is operating beyond full capacity despite rising interest rates.
Page 9: Global infrastructure advisory firm AECOM has made an in-kind commitment of $1 million to help fix run-off from roads into the Great Barrier Reef.
Page 13: Australia’s biggest philanthropic foundation has been left trying to rekindle buyout negotiations for Ramsay Health Care or find other ways it can sell down its stake in the nation’s largest private hospitals operator as it seeks to diversify its holdings.
Page 17: Perpetual’s board should heed the fund manager’s sinking share price and abandon its agreed deal with rival Pendal Group, instead putting the group’s corporate trust business up for sale, a leading analyst says.
Page 18: Management consultants at McKinsey & Company have identified a mismatch between customer expectations on the use of data and companies’ management of risks, including around deploying artificial intelligence technology.
The Australian
Page 2: Consumer confidence has improved for the first time this year, breaking a long stretch of growing household pessimism brought about by Omicron, cost-of-living pressures, rising rates and plunging house prices.
Page 3: Virgin Australia is making a move on Qantas’s most loyal customers, offering to status match gold frequent flyers at a time of discontent with the flying kangaroo.
Perth expatriate Murray Bartlett thanked his mum as he took out a key acting award at Tuesday’s Emmy awards for his role in HBO’s The White Lotus, which triumphed in five categories – more than any other show.
Page 4: One of the architects of the NDIS has urged the government to do more to get almost 4000 disabled Australians under 65 out of nursing homes and into disability care after Bill Shorten revealed a new plan to speed up the discharge of disabled people from hospitals.
Page 13: Australian sales for online food delivery service DoorDash tripled last year amid a surge in use through the Covid-19 pandemic, new accounts show.
Page 16: Karoon Energy says oil prices are likely to remain high over the medium term due to a lack of investment in supply, with the company on the hunt for new deals in Brazil to meet market demand.
UniSuper is standing firm on its remaining fossil fuel exposures, saying it will not be pressured by climate activists to fully divest even as it admits its holdings in oil and gas majors such as Santos and Woodside, at just a fraction of the fund’s overall assets, are too low to engage on climate issues.
Page 21: Australia’s technology universities have called on the Albanese government to sidestep current constraints on spending with a “long-term and progressive plan of action” to improve post-school education.
The West Australian
Page 10: State-run electricity retailer Synergy faces soaring operating costs after Western Power — which manages the poles and wires — was told it must raise an extra $1 billion over the next five years to enable a “once-in-a-century transformation” of the network.
A former Methodist Ladies’ College teacher accused of “grooming” ex-student and model Bridget Malcolm is now being investigated by a Queensland school.
Page 11: The McGowan Government is facing waves of industrial action at public hospitals after a second union representing health workers rejected the revised public sector wages offer.
Page 15: Data from real estate consultancy SQM Research showed the August rental vacancy rate for Perth was the worst since records began in 2005, surpassing the lows of the last resources boom.
Page 18: Teacher workloads must be slashed and a national plan developed to secure a pipeline of future educators or Australia risks another decade of “stagnation” in student outcomes.
Business: Griffin Coal’s bankers have put receivers into the cash-strapped Collie miner to avert a threatened move on the company by Bluewaters power station.
The long-standing executives behind the success of Pilbara Minerals are coming into serious money as stock rewards mature at the same time as the lithium miner’s shares run.
The West Australian boss of a leading cybersecurity firm says the benefits of having a local presence to help businesses manage a growing number of threats should not be discounted in a world of remote work.
The WA government should use events and festivals to boost Perth’s appeal as a destination in its own right to prevent it being merely regarded as a “gateway city”.
Mining companies can’t expect to improve their workplace culture until they take a “leap of faith” and commit to psychological safety for their employees.
