Herd mentality missing: Forrest
Australia’s agricultural business needs to market itself as one brand rather than increasing scale in order to be internationally competitive, says billionaire Andrew Forrest. The Fin
iiNet says NBN key to its growth
iiNet’s newly confirmed chief executive David Buckingham wants to make the broadband provider a bigger player in the business technology and mobile service markets while boosting its field teams to help improve the national broadband network’s rollout. The Fin
We’ll cut mine costs down to size: Baosteel
Chinese steel giant Baosteel is confident of reducing the cost of developing Australia’s next major iron ore mine, signalling it can shave down the $8 billion price tag of its newest Australian asset. The Aus
Woodside-Shell deal set to fail
Woodside Petroleum is under pressure to launch a share buyback that benefits all shareholders following a revolt against its $US2.68 billion ($2.86 billion) plan to purchase shares in itself owned by Royal Dutch Shell. The Fin
Aurizon can cut Pilbara cost by $1.2b
Aurizon chief executive Lance Hockridge is confident the rail giant can build a new deep water port at Anketell Point and rail system in the West Pilbara for at least 20 per cent less than its $6 billion price tag. The Fin
Sharp end of PIN changes
Restaurant owners claim they are the victims of the banks’ push to cut fraud losses, with the scrapping of signatures on credit cards forcing them to buy extra mobile terminals to take to tables. The Fin
AMA, crossbenchers will have say on co-payment
Legislation enabling a $7 co-payment will not be introduced until the Abbott government has held talks with the Australian Medical Association and Senate crossbenchers, Health Minister Peter Dutton said yesterday. The Aus
The Australian Financial Review
Page 1: Woodside Petroleum is under pressure to launch a share buyback that benefits all shareholders following a revolt against its $US2.68 billion ($2.86 billion) plan to purchase shares in itself owned by Royal Dutch Shell.
Page 3: Up to 400,000 employees who own shares in the companies they work for will be better off under a relaxation of the tax rules on staff share schemes to be announced within weeks.
Page 4: Investment property loan growth has hit pre-financial-crisis levels, fuelling fresh bubble fears as ratings agency Moody’s was unsure how severe fallout from a property collapse would be, because it’s been so long since the GFC.
Page 5: Clive Palmer has accused the government of trying to split his party using one-on-one budget negotiations, while Tony Abbott has told the Senate crossbenchers to either put up or shut up over budget measures.
Page 6: Restaurant owners claim they are the victims of the banks’ push to cut fraud losses, with the scrapping of signatures on credit cards forcing them to buy extra mobile terminals to take to tables.
Page 9: Australia’s agricultural business needs to market itself as one brand rather than increasing scale in order to be internationally competitive, says billionaire Andrew Forrest.
Page 13: iiNet’s newly confirmed chief executive David Buckingham wants to make the broadband provider a bigger player in the business technology and mobile service markets while boosting its field teams to help improve the national broadband network’s rollout.
Aurizon chief executive Lance Hockridge is confident the rail giant can build a new deep water port at Anketell Point and rail system in the West Pilbara for at least 20 per cent less than its $6 billion price tag.
Page 17: The Australian Securities and Investments Commission will conduct reviews of broker dark pools over the next 12 months, as authorities globally clamp down on the operations of the opaque trading venues.
Page 18: Oz Minerals chief executive Terry Burgess says the better performance from the Prominent Hill mine has put the company in stronger shape but won’t necessarily mean it will now be able to keep hold of a bigger slice of the $3 billion Carrapateena copper-gold deposit.
Troubled rare earth miner Lynas Corp faces a cash crisis at the end of the September quarter unless they find solutions to their significant funding, pricing and production problems.
Page 20: Medical device maker ResMed will reveal on Friday whether its push to regain share in the sleep apnoea therapy market has boosted sales, but what investors are really waiting for are details on its latest product release.
The Australian
Page 1: The government will mobilise its top economic officials to break the deadlock over the federal budget as part of a new strategy to negotiate a compromise with powerbrokers in the Senate.
Page 2: Legislation enabling a $7 co-payment will not be introduced until the Abbott government has held talks with the Australian Medical Association and Senate crossbenchers, Health Minister Peter Dutton said yesterday.
Billionaire Andrew Forrest has brokered a “historic” agreement among Australia’s most senior agricultural leaders for the industry to market itself to China as one united brand under a single national logo.
Page 4: Builders have called for sweeping nationwide restrictions on unions entering construction sites, including forcing officials to give 24 hours’ notice “in all circumstances’’ before they can walk on to projects.
Page 6: The Abbott government is unlikely to adopt the most severe parts of the welfare blueprint of mining magnate Andrew Forrest, who has raised the prospect of welfare recipients being forced into a cashless world.
Page 8: A team of four Australian and Dutch investigators last night reached the crash site of the Malaysia Airlines Flight MH17.
Page 17: Department store David Jones has recorded its strongest sales growth in almost four years as management prepared to hand the business over to South African retailer Woolworths Holdings, according to internal documents.
Four years ago, dozens of farmers across the drought-plagued southern region of Western Australia began receiving cheques from an anonymous benefactor.
Page 18: Chinese steel giant Baosteel is confident of reducing the cost of developing Australia’s next major iron ore mine, signalling it can shave down the $8 billion price tag of its newest Australian asset.
Page 25: The federal government is proposing to streamline airport planning and has raised the prospect of lengthening the submission cycle for master plans.
Cobham Aviation Services will introduce 82-seat Bombardier RJ-85 aircraft to Australia after winning a four-year contract with Gold Fields Australia to provide fly-in, fly-out to its Granny Smith and Darlot sites in WA.
The West Australian
Page 1: All Australian welfare recipients, except age pensioners and veterans, would be prevented from spending their payments on alcohol or gambling under a key recommendation of billionaire Andrew Forrest’s plan to deal with Aboriginal disadvantage.
Page 3: Fears that residue found in classrooms at WA’s biggest high school was asbestos dust have been confirmed.
Page 5: Perth-based mining companies with operations in West Africa are educating workers and quarantining visitors as the deadly ebola virus grips the region.
Page 6: A Federal Liberal MP says Australia should use its position on the United Nations Security Council to pursue peace in Gaza.
Page 14: Premier Colin Barnett says rate rises by many Perth councils cannot be justified and has accused local authorities of falsely blaming State Government fees and charges for the increases.
Colin Barnett said yesterday that the Government “probably will” sell the TAB, his strongest indication yet after previously ruling it out and then putting the agency on a list of asset sales for consideration.
Business: Woodside Petroleum is likely to come under pressure to review its investor relations strategy if, as expected, shareholders today torpedo a $US2.7 billion ($2.9 billion) selective buyback of Royal Dutch Shell’s holding that just six weeks ago was billed as a “compelling offer” for stakeholders.
Perth-based Oz Brewing, which has been a microbrewer (twice), shed maker and miner, yesterday revealed a move into 3-D printing through a reverse takeover of Melbourne-based 3-D Group, which wants to become Australia’s leading “integrated multi-platform 3-D printing company”.
Gindalbie Metals has suspended trading of its shares ahead of the likely announcement of a substantial write-down in the value of its troubled Karara magnetite mine.
Companies controlled by one of WA’s most prominent pastoral families have collapsed after unsuccessful attempts to sell a stake in their prized Kimberley cattle station to overseas interests.
Gage Roads Brewing boss John Hoedemaker says its Palmyra facility is back to running efficiently three months after a processing fault forced it to dump more than 500,000 litres of beer.
Brinksmanship in pay talks between employers and the Maritime Union of Australia has led to a second lot of industrial action being called off in two days.
PPR WA has lost one of its biggest accounts, with LandCorp this week awarding its public relations work jointly to Cannings Purple and Kreab Gavin Anderson.
Doray Minerals has underlined its emergence as a solid cash generator in its first full year of operations, saying yesterday it had met cost and production guidance for the financial year and paid down the vast majority of its project debt.
