JB Hi-Fi hit by falling tablet sales
JBHi-Fi chief executive Richard Murray is hoping that sales of large-screen TVs, phablets and gaming consoles will offset a slump in tablets that threatens to cramp the retailer’s growth targets and make it harder to recoup higher costs in 2015. The Fin
Finbar hits new highs with South Perth tower
Finbar is set to construct Perth’s tallest building outside of the city centre, with the unveiling of plans for a $300 million, 30-storey apartment tower in South Perth. The West
Councils to lose planning powers
The State Government will give homeowners and industry the power to bypass local councils in the biggest shake-up of WA planning laws in 50 years. The West
Private equity lured to Treasury by $2b tax bonus
Up to $2 billion in tax losses sitting inside Treasury Wine Estates is proving to be a major lure for global private equity investors, along with the chance to supercharge the ailing wine business, with TPG Capital now joining the chase for the maker of Penfolds, Rosemount and Wolf Blass. The Fin
Cash dragging feet in 457 probe at Rinehart project: CFMEU
Unions are accusing the government of dragging its feet on an investigation into allegations workers on 457 visas were exploited at Gina Rinehart’s $10 billion Roy Hill iron ore project in the Pilbara. The Aus
Stokes happy with BC Iron takeover bid
Billionaire Kerry Stokes is set to swap his stake in a would-be iron ore miner for a stake in an established exporter under the terms of BC Iron’s $250 million takeover bid for ASX-listed Iron Ore Holdings. The Fin
Woodside, Noble team up
Woodside Petroleum has resurrected its relationship with Noble Energy with a new exploration deal off the coast of Gabon in West Africa, just months after the two companies failed to agree terms for the Perth-based producer to buy into the giant Leviathan gas venture in Israel. The Fin
‘Must reform’ penalty rates, says Briggs
An Abbott government minister has said business should help the government make the case for lowering penalty rates paid to millions of workers on Sundays and public holidays. The Fin
The Australian Financial Review
Page 1: Up to $2 billion in tax losses sitting inside Treasury Wine Estates is proving to be a major lure for global private equity investors, along with the chance to supercharge the ailing wine business, with TPG Capital now joining the chase for the maker of Penfolds, Rosemount and Wolf Blass.
Page 3: An Abbott government minister has said business should help the government make the case for lowering penalty rates paid to millions of workers on Sundays and public holidays.
Page 7: Mr Palmer, whose party’s three senators have a balance of power role in the Senate, told The Australian Financial Review that the Palmer United Party would not be budging from its stated opposition to the most controversial measures.
Page 8: Wealthy retirees may not have to withdraw as much money from their private pension under an option being considered by the government, which experts say would be an easy way for the rich to preserve tax-free superannuation for their heirs.
Page 15: JBHi-Fi chief executive Richard Murray is hoping that sales of large-screen TVs, phablets and gaming consoles will offset a slump in tablets that threatens to cramp the retailer’s growth targets and make it harder to recoup higher costs in 2015.
Page 17: Billionaire Kerry Stokes is set to swap his stake in a would-be iron ore miner for a stake in an established exporter under the terms of BC Iron’s $250 million takeover bid for ASX-listed Iron Ore Holdings.
Beleaguered trucking group McAleese has reassured investors its fiscal 2014 results are on track, with the company’s stock soaring 27 per cent after it sold its Liquip tanker business for $65 million.
Page 18: Woodside Petroleum has resurrected its relationship with Noble Energy with a new exploration deal off the coast of Gabon in West Africa, just months after the two companies failed to agree terms for the Perth-based producer to buy into the giant Leviathan gas venture in Israel.
Page 23: ANZ Banking Group has asked its major technology suppliers to justify their contracts as it reviews the millions of dollars it spends on IT each year.
The Australian
Page 1: The Coalition’s primary vote has jumped back to 40 per cent for the first time since April, regaining lost ground from its unpopular budget in the biggest single rise in support for the Abbott government in its 11 months in power.
Page 4: Family First senator Bob Day has vowed to lobby all crossbench senators to kill the government’s budget move to kick young people off the dole for six months, saying he is unwilling to negotiate on a compromise deal.
Unions are accusing the government of dragging its feet on an investigation into allegations workers on 457 visas were exploited at Gina Rinehart’s $10 billion Roy Hill iron ore project in the Pilbara.
Page 8: Australia’s Antarctic science program has been crippled by budget cuts, bureaucracy and access problems and its decline poses a threat to the country’s sovereignty over a large swathe of Page 19: Darren Rathbone runs three of Australia’s most successful wine brands — Yering Station, Mount Langi Ghiran and Xanadu — but even he has been taken aback at the colossal challenge of cracking the mythical Chinese export market.
Institutional investors are holding out little hope of a bidding war erupting for Treasury Wine Estates despite a private equity player, TPG, emerging as a second suitor for the owner of upmarket wine brand Penfolds.
Page 20: As billionaire Kerry Stokes moved to relinquish control of an iron ore play, agreeing to sell his Iron Ore Holdings to BC Iron, he tightened his grip on Nexus Energy, the company that now appears certain to lead Seven Group’s push into oil and gas.
The West Australian
Page 1: The State Government will give homeowners and industry the power to bypass local councils in the biggest shake-up of WA planning laws in 50 years.
Page 6: RAAF planes will join an international humanitarian mission within days to aid trapped Iraqis, and Australian forces taking part in military action against Islamic jihadists remains a live option.
Page 9: The National Trust of Australia (WA) will negotiate the lease for the Artillery Drill Hall in Fremantle with local promoters Sunset Events.
Page 13: Transport Minister Dean Nalder has declared the deregulation of the taxi industry “probably inevitable” in comments that critics say have wiped tens or even hundreds of thousands of dollars from the value of taxi licence plates overnight.
Business: Gindalbie Metals chairman Keith Jones says the company has no plans to quit its troubled Karara magnetite operation despite yesterday writing off most of its investment in the multibillion-dollar project.
Perth agriculture software start-up Agworld has laid the foundations for an expansion into the US market, last night securing a $6 million injection from a venture capital firm.
Finbar is set to construct Perth’s tallest building outside of the city centre, with the unveiling of plans for a $300 million, 30-storey apartment tower in South Perth.
CBH looks set to receive special treatment when the Federal Government introduces a mandatory port access code for the grains industry.
The State Government is set to extend the reign of Department of Agriculture and Food WA director-general Rob Delane despite mixed feeling about his performance within the industry.