Fortescue seeks new green port site
Andrew Forrest’s Fortescue Future Industries (FFI) is scouting for port sites on Western Australia’s south coast near Esperance after pitching plans to local farmers to turn the region into a major green hydrogen hub. The Fin
Unions push sector-wide pay claims
Unions will push for the jobs summit to endorse sector-wide bargaining rights that allow workers to strike across multiple employers to lift pay, in a proposal previously attacked by business as a return to 1970s-style bargaining. The Fin
Windfall profit tax can fix gas crisis: Grattan
The Albanese government should introduce a windfall profit tax on LNG exporters as part of its redesign of the domestic ‘‘gas trigger’’ to help deliver affordable gas to manufacturers and business, according to the Grattan Institute. The Fin
Iron ore price cut on China concerns
Investment bank Macquarie has slashed profit estimates for the big Pilbara miners after downgrading its iron ore price forecast by nearly 40 per cent to reflect the darkening cloud over China’s property sector. The West
Domino’s says ingredient costs are topping out
Australia’s largest pizza chain, Domino’s Pizza Enterprises, says there are early signs that price pressures for key ingredients such as wheat and cheese are starting to flatten, but the company will still have to lift some product prices to combat inflation. The Fin1
Labor fires warning shot in TV battle for AFL rights
Communications Minister Michelle Rowland has staged a “surprising” eleventh-hour intervention into the contested battle for the AFL broadcast rights, warning the sport’s governing body to maintain the availability of matches on free-to-air television under the new deal. The Aus
Coles warns of inflation in the aisles
Coles chief executive Steven Cain expects a rise in mortgage stress as fixed-rate loans roll off to increasingly affect consumer behaviour – with shoppers already switching to lower-priced groceries. The Aus
Three powerful suitors remain in the race for $1b TAB deal
The $1 billion battle to buy WA’s TAB is down to a three-horse race, with a deal expected to be finalised by the end of the year. The West
Energy security offers merger scope
Seven Group Holdings boss Ryan Stokes expects further deal activity in the energy space as he tips security of supply will continue to be a key concern globally. The West
The Australian Financial Review
Page 1: Unions will push for the jobs summit to endorse sector-wide bargaining rights that allow workers to strike across multiple employers to lift pay, in a proposal previously attacked by business as a return to 1970s-style bargaining.
Page 3: The Albanese government should introduce a windfall profit tax on LNG exporters as part of its redesign of the domestic ‘‘gas trigger’’ to help deliver affordable gas to manufacturers and business, according to the Grattan Institute.
Page 4: Australia’s north would be transformed by five or six ‘‘Tasmania-sized’’ solar arrays and huge hydrogen hubs, and draw several million additional people as an army of workers arrives to build and service a vast net-zero economy.
Page 10: Strategic policy experts say it is premature for Japan to be inducted into the AUKUS defence agreement, and that the military technology sharing pact needs to start making tangible progress before an expansion is considered.
Page 15: Australia’s largest pizza chain, Domino’s Pizza Enterprises, says there are early signs that price pressures for key ingredients such as wheat and cheese are starting to flatten, but the company will still have to lift some product prices to combat inflation.
Page 16: Two fierce rivals in Australia’s funds management, Perpetual and Pendal Group, will be forced to bury the hatchet as their boards home in on a merger they hope will create a bigger, stronger and more internationally competitive asset manager.
Page 17: Iluka Resources is eyeing a premium for non-China supply of rare earths oxides as it prepares to start construction of Australia’s first fully integrated refinery, thanks to a $1.25 billion non-recourse loan from taxpayers.
Page 18: Andrew Forrest’s Fortescue Future Industries (FFI) is scouting for port sites on Western Australia’s south coast near Esperance after pitching plans to local farmers to turn the region into a major green hydrogen hub.
Page 21: Regional Express says passenger numbers are picking up and it expects fatter profit margins in the next financial year as travel recovers after the pandemic, after a sharp rise in fuel and employee costs pushed the airline to its worst full-year loss in 16 years as an ASX-listed entity.
The Australian
Page 2: Taiwan needs to be treated as an independent country and the notion of strategic ambiguity in relation to defending it should be abandoned, Donald Trump’s former national security adviser, John Bolton, says.
Page 3: Communications Minister Michelle Rowland has staged a “surprising” eleventh-hour intervention into the contested battle for the AFL broadcast rights, warning the sport’s governing body to maintain the availability of matches on free-to-air television under the new deal.
Page 4: Aged-care providers say critical labour shortages are being exacerbated by lucrative state government incentives encouraging nurses to work in regional hospitals amid concern the schemes are “cannibalising” the workforce.
Page 5: Universities have hit back at claims they are not delivering the learning experience people have paid for and raised “serious questions” over a proposal for them to provide “partial refunds” for failing to meet student expectations.
Andrew Forrest is negotiating to make his highest-profile real estate purchase yet – buying the yet-to-be-built Waldorf Astoria hotel fronting Sydney’s Circular Quay for more than $600m.
Page 13: Coles chief executive Steven Cain expects a rise in mortgage stress as fixed-rate loans roll off to increasingly affect consumer behaviour – with shoppers already switching to lower-priced groceries.
Page 15: Bain managing director Ryan Cotton has told a confidential Virgin Australia briefing that the airline’s planned float is being hampered by volatile financial conditions.
The West Australian
Page 3: Warmer and drier conditions forecast for inland parts of WA’s north this spring will combine with higher-than-average grass fuel loads to create above normal risk of bushfires, authorities are warning.
Page 4: How skilled migration can fix the labour shortage “crisis”, “sustainable” pay rises, the gender pay gap and even why climate change will create “workforce opportunities” will headline the Albanese Government’s Jobs and Skills Summit next week.
Page 8: Two-thirds of COVID-positive patients at the respiratory and intensive care units of Perth’s biggest hospital were primarily there for another illness or injury, new figures show.
Page 10: The $1 billion battle to buy WA’s TAB is down to a three-horse race, with a deal expected to be finalised by the end of the year.
Page 16: An occupational therapist has urged the State Government to lure more paediatricians to WA, arguing a crippling shortage of the specialist doctors was robbing at-risk children of much needed treatment.
Business: Coles has warned that food inflation could worsen before it gets better after its prices rose 4.3 per cent in the June quarter on the back of higher costs for wheat, fresh produce and labour.
Investment bank Macquarie has slashed profit estimates for the big Pilbara miners after downgrading its iron ore price forecast by nearly 40 per cent to reflect the darkening cloud over China’s property sector.
The chief executive of transport operator Kelsian Group says public transport workers should be considered “essential” and has warned labour constraints — particularly in its bus division — will continue to hurt in the near-term.
Japan aims to nearly double the amount of nuclear reactors on the grid as early as next summer in order to meet the country’s power needs and curb emissions.
Seven Group Holdings boss Ryan Stokes expects further deal activity in the energy space as he tips security of supply will continue to be a key concern globally.
