03/11/2015 - 06:47

Morning Headlines

03/11/2015 - 06:47

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Optus soccer steal a loss for Fox

Singtel-Optus has bought the Australian broadcast rights for the hugely popular English Premier League in a deal that sources value at about $US45 million ($63 million) a year over three years, signalling that Fox Sports and Telstra have a rival with deep pockets willing to outbid them for popular sporting events. The Fin

Uranium rebound tipped

New Resources Minister Josh Frydenberg has backed WA’s fledgling uranium industry to climb off the canvas as Australia works towards a free trade agreement with yellowcake-hungry India. The West

Hartzer sees demand for credit falling

Westpac Banking Corp plans to take a harder line on costs to preserve profits and dividends because it expects credit growth to be lower for longer despite recent signs businesses are starting to borrow more. The Fin

Robotic trucks improve workrate

The move towards robotic operations in the Pilbara is gathering pace, with Fortescue Metals Group crediting unmanned trucks for a substantial jump in productivity at its iron ore mines. The West

Bitcoin blunders way to ASX listing

ASX hopeful Bitcoin Group has delayed its listing after running into trouble with the corporate watchdog over claims Prime Minister Malcolm Turnbull is a shareholder and ‘‘misstatements’’ about the company’s profitability. The Fin

Cattle firms seek to beef up supply deals

The nation’s largest privately owned beef producer, Consolidated Pastoral Company, says it plans to secure more long-term supply agreements with its key customers after a surge in cattle prices to record highs over the past year amid unprecedented meat demand from the US and China. The Aus

 

 

The Australian Financial Review

Page 1: Westpac Banking Corp plans to take a harder line on costs to preserve profits and dividends because it expects credit growth to be lower for longer despite recent signs businesses are starting to borrow more.

Singtel-Optus has bought the Australian broadcast rights for the hugely popular English Premier League in a deal that sources value at about $US45 million ($63 million) a year over three years, signalling that Fox Sports and Telstra have a rival with deep pockets willing to outbid them for popular sporting events.

Page 3: Preferment will win today’s Melbourne Cup, with its biggest threat Trip to Paris, reckon the spreadsheet jockeys at BT Investment Management.

Page 4: Australia will need to do more to phase out older, coal-fired power stations and promote renewable energy after crucial international talks in Paris next month, according to federal Environment Minister Greg Hunt.

Page 6: The Australian Taxation Office annual report reveals that net tax collections for 2014-15 were $336.8 billion, up $15.2 billion or 4.7 per cent on the previous year, but still $9.4 billion, or 2.7 per cent, below the amount expected on budget night in 2014.

Page 7: All agree, today’s Reserve Bank of Australia interest rate meeting is a tough one to pick, so tough in fact that many board members themselves may be unsure of which way to jump.

Page 17: More than $8 billion has been wiped off the market value of food and grocery retailers in the past three trading days amid growing fears of a British-style price war after Woolworths’ latest profit downgrade last week.

Page 19: ASX hopeful Bitcoin Group has delayed its listing after running into trouble with the corporate watchdog over claims Prime Minister Malcolm Turnbull is a shareholder and ‘‘misstatements’’ about the company’s profitability.

 

 

The Australian

Page 1: Inflexible minimum pay rates in awards are contributing to an unemployment rate stuck above 6 per cent in Australia as countries with more flexible minimum rates have watched their jobless queues fall sharply since the end of the global financial crisis.

Page 4: Business leaders are urging Malcolm Turnbull to lift the GST but say cutting the company tax rate and other measures to stimulate the economy should be considered in a tax shake-up.

Page 7: Seventeen popular medicines, covering complaints ranging from headaches to constipation, will from next year no longer be available under script.

Page 19: The nation’s largest privately owned beef producer, Consolidated Pastoral Company, says it plans to secure more long-term supply agreements with its key customers after a surge in cattle prices to record highs over the past year amid unprecedented meat demand from the US and China.

Page 21: Logistics group Qube Holdings wants to buy the Patrick terminals business before the fate of its current owner Asciano is resolved, it emerged last night.

 

 

The West Australian

Page 3: New traffic-lights software is being rolled out across Perth after a year-long trial reduced peak-hour travel times by up to one-quarter on some key transport corridors.

Page 5: The man behind WA’s only short-listed site for a radioactive waste dump says the mulga scrub near Leonora would be an ideal home for the world’s spent nuclear fuel rods.

Page 6: Malcolm Turnbull has assured low-income earners they will not be worse off under any change to the GST as the Federal Government comes under pressure to be up-front about its proposals.

Page 7: A parking price war has broken out in the city as rival operators compete for customers.

Page 14: New Resources Minister Josh Frydenberg has backed WA’s fledgling uranium industry to climb off the canvas as Australia works towards a free trade agreement with yellowcake-hungry India.

Business: The State Government will not legally challenge an unprecedented move by the liquidator of the Kimberley Diamond Company to dump up to $40 million of its Ellendale mine’s liabilities on to taxpayers.

The board of Phoenix Gold is holding out for a better takeover deal by Evolution Mining, even as the suitor took its stake in the miner past 40 per cent.

A Malaysian newcomer to oil and gas has secured the first of Santos’ assets with a deal to buy the Stag project in the Carnarvon Basin.

The move towards robotic operations in the Pilbara is gathering pace, with Fortescue Metals Group crediting unmanned trucks for a substantial jump in productivity at its iron ore mines.

A $30 million investment in WA’s oat processing sector will provide greater confidence to producers in a traditionally boom-bust industry.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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