Gas is the first casualty of broken energy market

Gas is the first casualty of broken energy market

by Andrew Liveris A clear long-term energy policy, like matters of national security and agriculture, are at the heart of what governments should provide for their citizens. Australia's abundant energy resources have ensured that our country has had a high-quality living standard for all of its citizens, no matter what their socio-economic status. Simply put,…
Nomura’s Ticehurst supports lowering RBA inflation target

Nomura’s Ticehurst supports lowering RBA inflation target

At least three central banks in the Asia region have lowered their inflation targets without it backfiring, according to Nomura's chief economist in Australia, Andrew Ticehurst, who also supports a "fine tuning" of the Reserve Bank's more than 20-year-old target range. He is joined by economists David Bassanese of Betashares, and Warren Hogan, adjunct professor at…
Telstra’s cost cutting record is abysmal

Telstra’s cost cutting record is abysmal

Telstra shareholders upset about management's failure to prepare for an NBN train crash might well wonder why the company's cost management looks so abysmal. It is now clear that Telstra took too long to adjust its cost base to take account of the new reality of its business caused by the rollout of the NBN,…
Merger failed after Catholic Super demanded board control

Merger failed after Catholic Super demanded board control

A meritorious merger failed because Catholic Super demanded it be allowed to pick the chairman of the new board. Catholic Super and the Australian Catholic Superannuation and Retirement Fund (ACSRF) agreed merging to create an $18 billion fund was in the best interests of members. But Catholic Super believed its superior investment performance could only…
Western Sydney showing early signs of loan stress

Western Sydney showing early signs of loan stress

Households in western Sydney changing from interest-only to principal-and-interest loans are selling out as they struggle to meet higher repayments, but they may struggle to find the right price unless they are prepared to meet the market. Selling agents are starting to reveal the truth behind recent listings in Sydney's west with Belle Property Strathfield's…
Woodside CEO Peter Coleman is earning a licence to invest from shareholders

Woodside CEO Peter Coleman is earning a licence to invest from shareholders

Peter Coleman does a good line in hangdog humour. "I am not going to say I am excited because I am working too hard to be excited at the moment," Woodside Petroleum's chief executive offered as he closed out discussion of an interim result that reinforces exactly why Australia's godfather of gas has earned the…
Melbourne land speculators ‘panicking’ as settlements loom

Melbourne land speculators ‘panicking’ as settlements loom

Speculators who hoped to get rich on a boom in Melbourne land prices are "panicking" as settlements loom and they can't find developers to on-sell their sites to, according to Resi Ventures's Khurram Saaed, who has been developing for 15 years. Mr Saaed said he was getting one call a week from panicked speculators, including…
Labor states split on National Energy Guarantee

Labor states split on National Energy Guarantee

Solidarity among the Labor states against the National Energy Guarantee is starting to fray with Queensland believing the states should not block the policy but leave the fight over the emissions reductions target to federal Labor. Victoria dug in its heels yesterday and said it would refuse to back the legislation establishing the policy unless…
Sydney funds shine with Sohn Hearts and Minds top picks

Sydney funds shine with Sohn Hearts and Minds top picks

Sydney's most illustrious hedge funds – Caledonia, Regal and VGI Partners – have topped the charts with the best-performing stock picks at the 2017 Sohn Hearts and Minds charity conference. GrubHub and Appen, technology stocks that Caledonia's Mike Mesarra and Regal's Phil King selected as long ideas, have more than doubled since November 16, 2017.…
Wesfarmers profit plunges 58 pc after UK hardware exit, Target write-down

Wesfarmers profit plunges 58 pc after UK hardware exit, Target write-down

Wesfarmers managing director Rob Scott is counting on his largely new leadership team to deliver earnings growth in 2019 as the conglomerate spins off its most defensive business amid growing headwinds in the housing market and increasing retail competition. After a year of change in 2018, when Wesfarmers sold its coal assets and called it quits on a disastrous $1.7 billion…

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