Regis ready to rule again with focus on acquisitions
Former market darling Regis Resources will again turn its eye to acquisitions and has committed to paying sustainable dividends after finally getting a handle on the operational issues that have dogged its share price in recent years. The Aus
NAPLAN – high schools not improving
Latest NAPLAN results for 2015, released on Wednesday, have shown a disturbing long-term trend. Unlike primary schools, where students are achieving more in key areas, high schools are not improving. The Fin
Double trouble at LNG camp
Chevron’s increasingly hostile relationship with trade unions has soured further after it emerged the company wants the option to “double bunk” staff at the Onslow camp for its Wheatstone LNG project. The West
Rio should unveil ‘another buyback’
Another buyback on the cards Rio Tinto should shower investors with another buyback in February, with Thursday’s interim results expected to pave the way with a fresh round of cuts to capital spending and big gains on cost cutting, Deutsche Bank says. The Fin
Uber to taxman: ‘keep it quiet’
Controversial transport company Uber asked the Tax Office not to reveal advice that GST must be paid by passengers because it feared the news would harm its business, new documents show. The Aus
State miners band together to campaign for industry
The Gold Industry Group was formally launched in Kalgoorlie yesterday, with the group born out of the industry’s successful campaign against a lift in Western Australian gold royalties last year. The Aus
The Australian Financial Review
Page 1: Prime Minister Tony Abbott and Employment Minister Eric Abetz have refused to commit to supporting moderate changes to the workplace system proposed by their own review that would make labour cheaper on Sundays, provide an alternative to the award system and reduce politicisation of the Fair Work Commission.
Page 7: Latest NAPLAN results for 2015, released on Wednesday, have shown a disturbing long-term trend. Unlike primary schools, where students are achieving more in key areas, high schools are not improving.
Page 14: Santos chief executive David Knox cautiously welcomes the decision made at the ALP’s recent conference to introduce a ‘‘national interest test’’ for LNG export projects.
Page 15: The world’s biggest bond fund, PIMCO, says the global economy is now dominated by ‘‘the three gluts’’: money, savings and oil.
Page 19: Australia’s big banks don’t want to ‘‘write a blank cheque’’ to support a scheme that protects people whose financial planner won’t pay compensation despite being found to have provided poor advice.
Page 21: Another buyback on the cards Rio Tinto should shower investors with another buyback in February, with Thursday’s interim results expected to pave the way with a fresh round of cuts to capital spending and big gains on cost cutting, Deutsche Bank says.
Qantas Airways is repositioning its business to benefit from an expected increase in tourism now that the mining boom has ended and will consider rebuilding relations with Tourism Australia, the airline’s chief executive, Alan Joyce, has said.
Page 29: Conditions for Australia’s engineering and construction companies are set to worsen as the full effect of the post-commodities boom era takes hold, with a survey showing business investment globally is likely to shrink for the next two years.
The Australian
Page 1: Tony Abbott has launched his first big promise for the next election with an ambitious $89 billion gamble on new warships and submarines for the navy, but questions remain about how many jobs will be created or saved.
The Productivity Commission has found Australia’s industrial relations system needs minor repair rather than major overhaul — a conclusion that has relieved the federal government but left business disappointed.
Page 2: The construction union garnered more than $1 million into its “general revenue” over two years through enterprise-bargaining agreement clauses that were purportedly for training, charity and income protection, the royal commission into trade union corruption heard yesterday.
Page 3: Controversial transport company Uber asked the Tax Office not to reveal advice that GST must be paid by passengers because it feared the news would harm its business, new documents show.
Page 4: Small business owners would be able to sign up employees to new statutory contracts and modify basic award conditions under a Productivity Commission proposal to shake-up workplace laws.
Page 5: The Reserve Bank is expected to incorporate a radical change in its thinking about the future of the economy in its quarterly outlook on Friday, cutting its forecasts for GDP growth while predicting that unemployment will hold steady.
More than $4 billion in economic gains and up to 10,000 new jobs will be jeopardised if parliament delays the passage of the China-Australia Free Trade Agreement, according to the Financial Services Council.
Page 6: A senior Aboriginal MP has called on Fortescue Metals Group to stop funding a native title splinter group in the Pilbara in the wake of damning revelations that the miner covertly arranged a meeting allegedly aimed at stripping indigenous people of exclusive possession of their land.
Page 20: Former market darling Regis Resources will again turn its eye to acquisitions and has committed to paying sustainable dividends after finally getting a handle on the operational issues that have dogged its share price in recent years.
The Gold Industry Group was formally launched in Kalgoorlie yesterday, with the group born out of the industry’s successful campaign against a lift in Western Australian gold royalties last year.
Page 21: Shares in biotech giant CSL have broken through the $100 barrier, the first local company to trade above that level since before the global financial crisis.
Almost three-quarters of Australian exporters are now using social media sites to market to international customers, according to a survey by global freight giant DHL that also reveals a surprising lift in optimism among businesses selling products overseas.
The West Australian
Page 1: WA’s world-leading shipbuilding prowess has been snubbed in a politically charged decision to build the next generation of warships in South Australia.
Page 3: Acquitted murder suspect Lloyd Rayney has had his right to practise law in WA cancelled over accusations he destroyed a dictaphone containing secret recordings of his wife Corryn.
Page 7: Brendon Grylls says he is prepared to enter Federal politics — but only if Nationals leader heir apparent Barnaby Joyce engineers a WA-style sense of assertiveness and independence from the Liberals.
Business: Chevron’s increasingly hostile relationship with trade unions has soured further after it emerged the company wants the option to “double bunk” staff at the Onslow camp for its Wheatstone LNG project.
WesTrac says WA’s gold sector is mining’s bright spark, as the flurry of activity in the sector gained pace with South Africa’s Gold Fields putting its Darlot underground mine up for sale.
Evolution Mining boss Jake Klein says now is the time to change a gold industry employment culture that was hijacked by excessive wages and lacked in-house training and support.
Sandfire Resources could be trying to extend around its DeGrussa mining operations, with the company understood to have approached Miles Kennedy’s RNI over a farm-in deal for its Doolgunna ground.
MLG Realty chief executive Marcus Gilmore is selling the Newman Hotel, and with industry sources saying it could fetch $20 million, the deal could set a new record for WA’s regional hotel market.
Developer Cedar Woods has increased its North Baldivis land bank with the purchase of an additional 50.74ha for $26.25 million plus GST.