31/08/2016 - 06:19

Morning Headlines

31/08/2016 - 06:19

Bookmark

Save articles for future reference.
Morning Headlines

More checks on banks

The Turnbull government is contemplating further curbs on the banks in a bid to head off attempts by Labor to woo dissenting Coalition MPs into supporting a royal commission. The Fin

Executive pay crashes to lowest in a decade

Banking and mining chief executives have tumbled out of the top 10 most highly paid bosses in Australia, as executive pay falls 5 per cent, its lowest level in close to a decade. The Fin

Woolworths waters down rebound hopes

Woolworths has hosed down shareholder hopes of an imminent rebound in earnings, saying a long awaited increase in same-store sales growth will not necessarily translate into higher profits this year. The Fin

PM to offer changes for ABCC win

The Turnbull government is prepared to negotiate key changes to its signature bill to reinstate the building watchdog in a bid to win Senate crossbench support for the Coalition’s workplace relations agenda and gain a legislative victory before Christmas. The Aus

Perth net speed in slow lane

Perth is officially Australia’s broadband wasteland, with download tests confirming WA’s capital has the nation’s slowest internet speed. The West

Power users pay more at peak times

Electricity users will pay more to turn on their lights or run dishwashers in peak-demand periods as part of a trial by the State’s regional power provider. The West

Atlas drawn into MinRes lithium push

Atlas Iron has been dragged into the legal disputes surrounding Mineral Resources’ push to establish a foothold in the emerging Pilbara lithium sector. The West

 

 

The Australian Financial Review

Page 1: The Turnbull government is contemplating further curbs on the banks in a bid to head off attempts by Labor to woo dissenting Coalition MPs into supporting a royal commission.

Australia’s new Parliament has been warned not to accept the argument from some sections of the business community pushing the economic benefits of China’s Silk Road initiative, without recognising it as an attempt by Beijing to create a strategic bloc to counter the United States.

BHP Billiton says it was not aware that a dam at its Samarco operation in Brazil was about to collapse, despite seepage and cracking of the dam wall being observed several times in the years before the November 2015 tragedy.

Page 3: Banking and mining chief executives have tumbled out of the top 10 most highly paid bosses in Australia, as executive pay falls 5 per cent, its lowest level in close to a decade.

Page 10: Apple is facing a potential tax bill running into billions of euros, with the European Union poised to release a finding into the company’s dealings in Ireland as soon as Tuesday, according to people familiar with the situation.

Page 13: The country’s largest private hospital operator, Ramsay Health Care, is pushing into the $16 billion retail pharmacy industry in anticipation of being forced by government and health insurers to play a greater role beyond its wards and operating theatres.

Page 15: Woolworths has hosed down shareholder hopes of an imminent rebound in earnings, saying a long awaited increase in same-store sales growth will not necessarily translate into higher profits this year.

SurfStitch chief executive Mike Sonand has promised to return the online retailer to profit after a horror year in which it shredded more than $500 million in shareholder value and lost $155 million, two chief executives and a chairman.

Page 16: Shell Australia has at times been holding back from running its Queensland LNG project flat out, opting instead to sell gas into the strong domestic market.

Shareholders in Resolute Mining will have the option of collecting dividend payments in gold bullion, under a new policy believed to be the first of its kind in the world.

Page 17: The chairman of the banking regulator has hosed down speculation it might tighten the caps limiting the growth of bank lending to residential property investors but said scrutiny of commercial property lending has been ‘‘dialled up’’.

 

 

The Australian

Page 1: The Turnbull government is prepared to negotiate key changes to its signature bill to reinstate the building watchdog in a bid to win Senate crossbench support for the Coalition’s workplace relations agenda and gain a legislative victory before Christmas.

Page 5: Malcolm Turnbull and Scott Morrison argued in cabinet to tighten negative gearing concessions but were later rolled in a key economic committee by ministerial supporters of Tony Abbott who wanted “clean hands’’ to attack Bill Shorten’s crackdown.

Page 19: Institutional investors will step up their scrutiny of management bonuses after a report found the vast majority of top 100 company chief executives received the bulk of their short-term bonuses, raising questions about whether the payments were genuinely at risk.

Page 21: Former hardware partners turned adversaries US retail giant Lowe’s and Woolworths will face off in court this morning as they bicker over the corpse of their failed hardware chain, Masters, and an attempt to wind it up.

The woes of law firm Slater & Gordon were again laid bare yesterday as the company revealed sweeping board changes amid an exodus of management and a full-year loss of more than $1 billion.

Page 22: The nation’s chief banking regulator has issued a stern reminder to thousands of investors piling into hybrid securities in the hunt for better yields, warning these were the “first lines of defence” that would be used to assist banks that run into serious financial trouble.

Page 30: Vice-chancellors’ pay packets continue to skyrocket, with nine of them now with salary packages of more than $1 million.

 

 

The West Australian

Page 3: Perth is officially Australia’s broadband wasteland, with download tests confirming WA’s capital has the nation’s slowest internet speed.

Page 15: Premier Colin Barnett’s developer son Sam says he did not notice an image of his father’s face until he was already at the podium addressing investors at a Chinese property seminar.

Page 22: Electricity users will pay more to turn on their lights or run dishwashers in peak-demand periods as part of a trial by the State’s regional power provider.

WestBus1: Cash Converters will dramatically reshape its business by scrapping loans to low-income earners and the disadvantaged in the face of escalating regulatory scrutiny and relentless attacks by consumer advocates.

Gage Roads Brewing has moved to cut the cord from biggest shareholder and customer Woolworths by striking a deal to buy back its cornerstone stake.

WestBus2: Atlas Iron has been dragged into the legal disputes surrounding Mineral Resources’ push to establish a foothold in the emerging Pilbara lithium sector.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options