Aussie tech co collars $164m Vic Police deal
Perth-based technology services provider Kinetic IT has grabbed a high profile deal with Victoria Police worth at least $164 million out of the hands of international rivals IBM and Fujitsu, taking over the management of five separate deals for the next five years. The Fin
Price plunge tests BHP spin-off
Sliding iron ore and oil prices are raising more questions about the merits of BHP Billiton’s planned South 32 spin-off and its impact on production growth, as the big miner prepares to deliver its lowest interim profit in nearly a decade. The Aus
Defiant Abbott buys time against plotters
A defiant Prime Minister Tony Abbott appears to have bought himself time with a blunt warning to colleagues that dumping him would be caving in to panic and make the federal government’s predicament even worse. The Fin
JB outlook upbeat for smart tech
Consumer electronics retailer JB Hi-Fi is eyeing another $500 million to $1 billion in annual sales as technology that allows consumers to remotely control functions such as home lighting, heating and appliances through the internet becomes mainstream. The Fin
Smarter farmers test land limits
Grain growers have bucked the odds to deliver the fourth-biggest harvest in WA’s history and put CBH on target to post its fourth consecutive annual profit of well over $100 million.
Galaxy to update on plant sale
Galaxy Resources has agreed to take a $US56.8 million haircut on a company-saving deal to sell its Chinese lithium plant. The West
The Australian Financial Review
Page 1: A defiant Prime Minister Tony Abbott appears to have bought himself time with a blunt warning to colleagues that dumping him would be caving in to panic and make the federal government’s predicament even worse.
Page 3: Resources entrepreneur Paul Marks gave nearly a million dollars to the Liberal Party, and a Chinese property developer tipped more than $850,000 into Labor’s coffers, official figures on political donations show.
Page 4: The Abbott government is heading for a stoush with big business, which fears it will not reduce company tax for larger companies despite jettisoning the paid parental leave plan.
Page 8: Former Reserve Bank of Australia governor Bernie Fraser is urging the central bank to maximise the potential boost to consumer confidence by acting quickly to cut official interest rates.
Page 11: Consumer electronics retailer JB Hi-Fi is eyeing another $500 million to $1 billion in annual sales as technology that allows consumers to remotely control functions such as home lighting, heating and appliances through the internet becomes mainstream.
Page 14: National Australia Bank’s executive responsible for driving the lender’s push into Asia, Daryl Johnson, is leaving the bank a little more than a year after he was appointed to the job.
Page 19: Australian technology services provider Kinetic IT has grabbed a high profile deal with Victoria Police worth at least $164 million out of the hands of international rivals IBM and Fujitsu, taking over the management of five separate deals for the next five years.
The Australian
Page 1: Tony Abbott is fighting for his leadership by warning his colleagues against sparking a challenge that could deepen the government’s dangers, pledging a change in style and insisting that only the Australian people should replace a sitting prime minister.
Page 2: The ALP across the nation received millions in donations from unions last financial year, including $1.2 million from the construction union and $676,000 from the shop assistants union.
Page 3: James Packer has warned politicians against considering his Crown casino group as a “licence to print money” that could be hit by higher taxes and treated “like a tobacco company”.
Page 6: Families will be spared further cuts to government services or payments in this year’s budget, Tony Abbott has vowed, saying the government will be looking to faster economic growth to speed the return to budget surplus.
Page 19: Investors have urged new Westpac chief Brian Hartzer to prioritise technology, improve costs and cut the bank’s heavy exposure to property investors, raising the stakes for the nation’s newest banking boss.
Page 20: Sliding iron ore and oil prices are raising more questions about the merits of BHP Billiton’s planned South 32 spin-off and its impact on production growth, as the big miner prepares to deliver its lowest interim profit in nearly a decade.
Page 21: Swedish fashion juggernaut H&M has emerged as one of the biggest threats to entrenched local players such as Myer and David Jones after revealing that its maiden flagship department store opened recently in Melbourne is among the best performing sites of its global network of more than 3500 stores.
Page 22: A row has erupted in the David and Goliath battle for advertising listings in the $1.4 billion automotive market, amid claims a provocative billboard breached ambush marketing rules.
Page 28: Australia’s airspace regulator is cracking down on recreational drone operators, with a Townsville drone pilot receiving an $850 fine last month.
The West Australian
Page 1: Tony Abbott has sought to cripple any possible challenger by declaring that only the Australian voters are entitled to “hire and fire” a prime minister.
Page 4: Clive Palmer channeled a record $26 million of his companies’ money into bankrolling election campaigns to buy political power.
Page 4: HBF has joined forces with 14 other member-based health funds to take on the dominant shareholder-owned insurance players.
Page 5: The secret daughter of billionaire mining heir Michael Wright has launched an extraordinary contest against his will.
Page 6: The Federal Government is under pressure from the business community to ditch a planned levy on big firms after Tony Abbott finally abandoned his “signature” paid parental leave policy yesterday.
Page 13: The heads of some of Perth’s most expensive private colleges say demand for a private school education may be “softening” because of the downturn in the resources sector.
Page 24: Fiery company promoter Ross Smith will remain involved with medicinal cannabis company Phytotech Medical as a consultant in the wake of his sudden departure from the board.
Page 24: Grain growers have bucked the odds to deliver the fourth-biggest harvest in WA’s history and put CBH on target to post its fourth consecutive annual profit of well over $100 million.
Page 25: School students’ demand for laptops has kept the tills ringing at JB Hi-Fi.
Page 25: Galaxy Resources has agreed to take a $US56.8 million haircut on a company-saving deal to sell its Chinese lithium plant.
Page 25: Kerry Stokes’ Seven Group Holdings has confirmed it bought big blocks of Beach Energy shares over the last month, emerging with a 13.8 per cent holding.