Telstra mulls Foxtel IPO
Telstra is considering a $4.5 billion sharemarket float or sale of its 50 per cent stake in Foxtel, which has appointed News Corp Australia chief executive Peter Tonagh as its new head. The Fin
Ausdrill sheds tray maker
Expanding family company Schlam Engineering has bought struggling truck tray maker DT HiLoad in a deal worth up to $8 million to seller Ausdrill. The West
WA senators gear up for GST stoush
Western Australian Liberal senators have put themselves on a collision course with coalition colleagues by demanding wholesale changes to the way the GST is carved-up. The West
Dollar hits US76c after jobless rate falls
The dollar traded above US76¢ for the first time in eight months following a fall in the jobless rate to 5.8 per cent from 6 per cent. Even though the Reserve Bank of Australia wants a lower dollar, it seems unlikely to cut official interest rate cuts. The Fin
Free to air deal for English Premier League
The English Premier League will appear on Australian free-to-air television from next season after Optus signed a deal with SBS to broadcast one match a week for the next three seasons. The Fin
Myer turnaround plan on track, says CEO
Myer is stepping up investment in new brands, customer service, online retailing and store refurbishments after achieving encouraging early results from a five-year plan aimed at reversing a two-decade slide in sales and earnings. The Fin
Nationals push for two more WA seats
The WA Nationals want an extra two seats added to the Legislative Assembly in an apparently pre-emptive move to prevent the loss of another country electorate. The West
Kiwis launch fresh bid for WA iron ore junior
New Zealand’s Todd family has refused to give up on its ambitious plan for a Pilbara iron ore business, yesterday launching a hostile $38 million takeover bid for previously unwelcoming junior Flinders Mines. The West
The Australian Financial Review
Page 1: Telstra is considering a $4.5 billion sharemarket float or sale of its 50 per cent stake in Foxtel, which has appointed News Corp Australia chief executive Peter Tonagh as its new head.
Page 3: The Senate was on track early on Friday morning to pass laws reforming the Senate voting system, paving the way for Prime Minister Malcolm Turnbull to call an early, double-dissolution election for July 2.
Page 4: Former prime minister Tony Abbott was accused of hypocrisy for signing a letter demanding Prime Minister Malcolm Turnbull move against the school anti-bullying program Safe Schools Coalition Australia, which was launched when he was leader.
Page 5: The dollar traded above US76¢ for the first time in eight months following a fall in the jobless rate to 5.8 per cent from 6 per cent. Even though the Reserve Bank of Australia wants a lower dollar, it seems unlikely to cut official interest rate cuts.
Page 6: The English Premier League will appear on Australian free-to-air television from next season after Optus signed a deal with SBS to broadcast one match a week for the next three seasons.
Page 7: The rise in interest rates for mortgages will follow recent increases in business lending rates as soon as next month, Market Economics economist Stephen Koukoulas says.
Page 13: Myer is stepping up investment in new brands, customer service, online retailing and store refurbishments after achieving encouraging early results from a five-year plan aimed at reversing a two-decade slide in sales and earnings.
Page 15: A glut of liquefied natural gas is likely to plague the market until 2022, triggering further delays to new projects and potentially forcing some producers in Queensland, Western Australia and elsewhere, to cut production, Citigroup analysts say.
Expensive handbags and inexpensive children’s wear are proving to be a winning combination for clothing and accessories retailer OrotonGroup.
Page 17: Telstra says the rise of telecommunications rivals and pricing decisions by the Australian Competition and Consumer Commission are among the biggest risks it faces in coming years.
The Australian
Page 1: Online betting on live sport will be banned until at least the federal election and unlicensed foreign bookmakers barred from taking bets from Australians under sweeping reforms to be announced by the Turnbull government.
Page 2: The strong jobs growth of the past year has petered out over the past three months, but economists believe strong business conditions in the big southeastern states will halt any rise in unemployment.
Page 3: Fairfax Media journalists have walked out ahead of crucial Saturday newspaper editions after the company yesterday unveiled plans to slash 120 editorial jobs.
Page 5: Foreign students and backpackers are adding to queues in public hospitals and leaving unpaid bills of tens of millions of dollars each year.
Telstra suffered a nationwide outage last night with customers unable to access data or mobile services for the second time in two months.
Page 20: Three Australian businesses and consortia have emerged as likely to complete due diligence in advance of making a formal offer for S. Kidman and Co, following the reopening of the cattle empire’s financial records to new bidders.
Page 21: Oil giants Shell and PetroChina have been forced into a further $1.4 billion writedown on their Arrow Energy coal-seam gas joint venture in Queensland after drilling in the Bowen Basin failed to deliver expected results and has delayed the project.
Page 28: The Transport Workers Union is ramping up its campaign over stalled wage negotiations for Jetstar staff and has set a six-week deadline for members to authorise industrial action against Qantas’s budget carrier.
The West Australian
Page 7: A childcare centre owner has pleaded with parents to stop clogging up waiting lists at popular services when they do not need a place.
Page 8: WA’s dominant health fund pays the highest benefit for many common medical procedures, according to a league table released by the Australian Medical Association yesterday.
Page 9: Western Australian Liberal senators have put themselves on a collision course with coalition colleagues by demanding wholesale changes to the way the GST is carved-up.
Page 13: An anti-bullying program available in 5 per cent of schools is threatening to tear apart the Federal Government just weeks before Malcolm Turnbull delivers his election Budget.
Page 17: Local chefs and public health officials have backed calls from celebrity chef Jamie Oliver for Australia to follow Britain’s lead by introducing a sugar tax on soft drinks.
Page 19: The navy’s most senior non-commissioned officer has emerged as a leading contender to replace retiring Health Minister Kim Hames in the State seat of Dawesville.
Page 24: WA’s leading sports physician is warning about the dangers of undiagnosed concussions, especially among children in grassroots sports.
Page 25: Pilots remain confident in the abilities of the Joint Strike Fighter despite question marks dogging its performance in aerial combat.
Page 27: The WA Nationals want an extra two seats added to the Legislative Assembly in an apparently pre-emptive move to prevent the loss of another country electorate.
Business: Expanding family company Schlam Engineering has bought struggling truck tray maker DT HiLoad in a deal worth up to $8 million to seller Ausdrill.
New Zealand’s Todd family has refused to give up on its ambitious plan for a Pilbara iron ore business, yesterday launching a hostile $38 million takeover bid for previously unwelcoming junior Flinders Mines.
