12/07/2017 - 06:47

Morning Headlines

12/07/2017 - 06:47

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Get on with energy fix

The new boss of the Australian Energy Market Operator has increased the pressure on federal and state energy ministers to endorse the Finkel review so regulators and industry can get on with redesigning energy markets to encourage investments in capacity and demand management to maintain stability of power supply. The Fin

 

WA footy mulls AFL tie for stadium cash

The WA Football Commission could be rebranded as AFLWA in a bid to get the extra funding from the AFL that would help the WAFC and the State Government finalise a deal for football’s shift to the new Burswood stadium. The West

 

Labor raises police pay row stakes

The State Government yesterday released figures showing WA Police sergeants were the best paid in the nation in a bid to win public support for its flat $1000 pay offer. The West

 

Immigration backflips on CEO visa rules

The Immigration Department has backed down on retrospectively applying new visa rules that would have excluded hundreds of foreign executives and senior managers from permanent residency in Australia. The Fin

 

Nine axes Darwin despite fee holiday

The Nine Network has axed its stand-alone Darwin news service two weeks after the federal government gifted it millions of dollars in licence-fee cuts. The Aus

 

ACCC delays decision on $1.8b Woolies, BP deal

British energy giant BP remains confident its $1.8 billion acquisition of Woolworths’ fuel business will proceed, even though the competition watchdog has delayed a decision until August. The Fin

 

PM’s pitch as business rebounds

Malcolm Turnbull has seized on evidence Australian businesses are enjoying the best trading conditions since the global financial crisis to urge greater foreign investment and free trade, despite fears a spike in wage growth could snuff out confidence. The Aus

 

Bellamy’s in turmoil after China shock

Bellamy’s directors were last night locked in talks over the shock decision by Chinese regulators to suspend its newly acquired import licence, with a worst-case scenario seeing it hand back to retail investors up to $45.5 million raised only last week in its rights issue. The Aus

 

Complex Leeder park deal settles

Leeder Business Park’s 20 strata owners have banded together to sell a 4234sqm commercial site to an overseas investor for $14 million. The West

 

The Australian Financial Review

Page 1: The new boss of the Australian Energy Market Operator has increased the pressure on federal and state energy ministers to endorse the Finkel review so regulators and industry can get on with redesigning energy markets to encourage investments in capacity and demand management to maintain stability of power supply.

Page 3: The Immigration Department has backed down on retrospectively applying new visa rules that would have excluded hundreds of foreign executives and senior managers from permanent residency in Australia.

Page 5: Former Seven West Media executive assistant Amber Harrison orchestrated a ‘‘multi-platform press revenge campaign’’ against Nova executive Paul Jackson, who relentlessly pursued her and then changed his mind, court documents claim.

Page 7: Maurice Blackburn is expected to sue Slater and Gordon’s advisers to recover the remainder of shareholders’ losses after it settled a touted $250 million class action for $36.5 million.

Page 11: Bellamy’s Australia may have to offer retail shareholders who participated in its recent $60.4 million capital raising the right to hand back shares because of the extraordinary timing of a key licence suspension in China.

As the chief executive of Tesco’s Turkish business Kipa, US-born retailer Jeff Adams reversed a fiveyear slide in same-store sales before Tesco pulled the pin in 2016, selling out to Migros at a

Page 13: British energy giant BP remains confident its $1.8 billion acquisition of Woolworths’ fuel business will proceed, even though the competition watchdog has delayed a decision until August.

 

The Australian

Page 1: Malcolm Turnbull has seized on evidence Australian businesses are enjoying the best trading conditions since the global financial crisis to urge greater foreign investment and free trade, despite fears a spike in wage growth could snuff out confidence.

Page 5: The Nine Network has axed its stand-alone Darwin news service two weeks after the federal government gifted it millions of dollars in licence-fee cuts.
Page 6: Victoria’s Metropolitan Fire Brigade has responded to more than 40 fires caused by home solar power systems in the past five years and warned that it would take years to understand the fire risk posed by lithium ion battery storage.

Queensland’s Palaszczuk government has no plans to take any action against taxpayer-owned power generator CS Energy to limit profiteering in its pricing on the national market, which recently helped deliver its first dividends to budget coffers in years.

Page 17: State and territory energy ministers need to move quickly and endorse Finkel Review recommendations this week so work to fix the nation’s energy crisis can begin, the electricity market operator has warned.

Bellamy’s directors were last night locked in talks over the shock decision by Chinese regulators to suspend its newly acquired import licence, with a worst-case scenario seeing it hand back to retail investors up to $45.5 million raised only last week in its rights issue.

A wave of inflation is about to wash over Australia, compelling the Reserve Bank to lift interest rates, if the long forgotten, but reliable, link between increases in prices of goods and services and changes in the quantity of money in circulation still holds true.

 

The West Australian

Page 3: The WA Football Commission could be rebranded as AFLWA in a bid to get the extra funding from the AFL that would help the WAFC and the State Government finalise a deal for football’s shift to the new Burswood stadium.

Page 6: Prime Minister Malcolm Turnbull has sought the “advice and wisdom” of the Queen, praising the monarch when meeting her at Buckingham Palace overnight.

Page 7: West Australians using the dark web to buy drugs are being warned they will be caught and prosecuted as police increase efforts to intercept illicit imports sent by airmail and freight.

Page 12: The State Government yesterday released figures showing WA Police sergeants were the best paid in the nation in a bid to win public support for its flat $1000 pay offer.

Page 19: The private sector would meet the capital cost of building the State Government’s medi-hotels under long-awaited details of the flagship election policy released yesterday.

Hundreds of WA internet users are stuck in National Broadband Network limbo, with only a handful of the 196 micronodes installed in areas that are supposedly NBNready providing a service.

Page 29: Perth mining entrepreneur Michael Fotios is facing legal battles on two fronts with the Australian Tax Office charging him with failing to lodge returns and his company Eastern Goldfields facing a contractor’s claim for $9.9 million in unpaid bills.

Thousands of out-of-pocket Slater and Gordon shareholders will split a $36.5 million settlement — just a fraction of the total value shed by the once high-flying law firm.

Page 30: A Perth lawyer specialising in international mining law has delivered a dire assessment of legislation introduced in Tanzania last week.

Page 60: The State’s work health and safety laws will undergo a major revamp, streamlining three Acts into a single one more consistent with national legislation.

Page 61: Leederville’s Luna Cinemas is poised for expansion after it secured the lease of a neighbouring property.

Page 62: Acton Commercial has sold a 1400sqm commercial site in Clarkson for $5.95 million.

Page 65: Leeder Business Park’s 20 strata owners have banded together to sell a 4234sqm commercial site to an overseas investor for $14 million.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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