04/03/2016 - 07:01

Morning Headlines

04/03/2016 - 07:01

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Cofco eyes move on WA’s CBH

China National Cereals, Oils and Foodstuffs Corporation is believed to be considering a move on Western Australian grain company CBH, rivalling an existing offer backed by GrainCorp. The Aus

ECU lifts student entry score

Getting into university in WA will be harder from next year when the institution with the lowest entry score lifts its minimum cut-off rank from 55 to 70. The West

$50m share raid puts Nine takeover in picture ahead of sector reforms

Several players are believed to be stalking the owner of the Nine Network ahead of changes to cross-media rules. Fairfax Media, the publisher of The Age and The Sydney Morning Herald, is among those that have been linked to a possible tie-up with Nine or at least taking a blocking stake in the partner of its Stan venture. The Aus

Blockchain use closer after banks’ trial

Commonwealth Bank of Australia, Macquarie Bank, National Australia Bank and Westpac Banking Corp are part of a group of 40 global banks that have used different distributed ledger technology to simulate trading of commercial paper. The Fin

Never better, say private equity chiefs

Australia’s private equity industry leaders are adamant an industry shake-out means fewer funds can now carve up more lucrative deals, suggesting there’s never been a better time to be in the buy-out business. The Fin

$41m for top farm — take it or leave it

A Kuwaiti businessman has put a $41 million price tag on what is arguably WA’s finest farm and given potential buyers 72 hours to take it or leave it. The West

 

 

The Australian Financial Review

Page 1: The government’s chief tax policy adviser has criticised the tax reform process, saying an election year was a poor choice of timing for a public debate about tax and it was a mistake to allow the Treasury department to conduct the review in-house.

Page 4: The United States has stepped up its efforts to reassemble a four-nation security framework in the Asian region which would include Australia, in the latest move in its campaign to encourage regional countries to stand up more to China’s increasing assertiveness.

Page 7: Coalition MPs are growing increasingly fearful that former prime minister Tony Abbott could blow up the government’s election prospects in his bid to get back at Malcolm Turnbull and others who helped depose him.

Page 9: Malcolm Turnbull is believed to have abandoned his initial enthusiasm for changing the system of a flat 15 per cent on super contributions to instead link it to an individual’s marginal tax rate.

Page 17: Australia’s private equity industry leaders are adamant an industry shake-out means fewer funds can now carve up more lucrative deals, suggesting there’s never been a better time to be in the buy-out business.

Origin Energy managing director Grant King has declared that a demerger and potential mergers are ‘‘on the table’’ as the electricity and gas supplier considers options to help restore shareholder value.

Page 19: A century after Australian pharmacists banded together to stop UK retailer Boots the Chemist from setting up shop, global health care company Walgreens Boots Alliance is once again eyeing the $15 billion national retail pharmacy market.

Page 20: Australian banks look oversold and though there’s growth in healthcare stocks, be careful how much you pay for them, warns UBS.

Page 21: Commonwealth Bank of Australia, Macquarie Bank, National Australia Bank and Westpac Banking Corp are part of a group of 40 global banks that have used different distributed ledger technology to simulate trading of commercial paper.

Page 22: Wesfarmers chief executive of department stores Guy Russo has promised the turnaround of Target won’t crimp profits at Kmart.

 

 

The Australian

Page 2: Germany has backed the Turnbull government’s decision to rewrite Tony Abbott’s draft defence white paper to delay the timetable for future submarines, saying the move was sensible and prudent.

Page 7: About 30 growers in Western Australia, South Australia and Victoria have recently planted jujube orchards to capture future Asian export markets, with demand for seedlings and the sweet fruit they produce already outstripping supply.

Page 19: Several players are believed to be stalking the owner of the Nine Network ahead of changes to cross-media rules. Fairfax Media, the publisher of The Age and The Sydney Morning Herald, is among those that have been linked to a possible tie-up with Nine or at least taking a blocking stake in the partner of its Stan venture.

Page 20: There is mounting speculation that Brookfield is preparing to enter the contest to buy Alinta Energy, which TPG Capital previously tried to sell for about $5 billion.

China National Cereals, Oils and Foodstuffs Corporation is believed to be considering a move on Western Australian grain company CBH, rivalling an existing offer backed by GrainCorp.

Page 23: Former senior Westpac banker Jason Yetton will join SocietyOne as chief executive in the next few months as the peer-to-peer lender continues on a growth path that could ultimately lead to an initial public offering.

Page 29: The government body investigating allegations of possible conflict of interest in Airservices Australia’s dealings over the OneSKY air traffic control program could report in weeks, applying pressure on Transport Minister Darren Chester to hold off on appointing a new Airservices boss until it has been considered.

 

 

The West Australian

Page 3: Getting into university in WA will be harder from next year when the institution with the lowest entry score lifts its minimum cut-off rank from 55 to 70.

Page 19: Malcolm Turnbull has warned Labor’s plans to curtail negative gearing will put the whole economy at risk as independent economists, including a former Reserve Bank governor, rally around the policy.

Page 22: Tony Abbott’s Government was told from the very beginning that there would be a capability gap between the Collins-class submarine and its eventual replacement, contrary to the former prime minister’s assertions.

Page 28: Colin Barnett and his Treasurer Mike Nahan are at odds over the timing of the sale of Fremantle Port after the Premier said it could not be done before the election.

Business: Patersons Securities remains committed to a national presence despite reining in its network and cutting its workforce by 20 per cent as part of a raft of changes aimed at returning the stockbroker to profit next year.

Miramax, the film company that owns Oscar-winning movies including Pulp Fiction and The English Patient, has been acquired by Qatar-based broadcaster BeIN Media Group.

A Kuwaiti businessman has put a $41 million price tag on what is arguably WA’s finest farm and given potential buyers 72 hours to take it or leave it.

late share price plunge by Wellard yesterday has likely drawn more scrutiny from the Australian Securities Exchange.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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