Aditya gets grilling as minor investors revolt
Minority shareholders of WA copper producer Aditya Birla have launched a new assault on the company’s board, delivering a first strike against its pay report amid criticism of Aditya’s corporate governance and management. The West
Woodside aims to pounce on ‘crown jewels’
Woodside Petroleum chief executive Peter Coleman said he will not spend ‘‘precious cash’’ on the lower quality assets currently for sale, but will instead wait until companies under financial pressure from low prices are forced to put their ‘‘crown jewels’’ on the market. The Fin
AMA describes dire hospital problems
Just six months after it opened, doctors are calling for the $2 billion Fiona Stanley Hospital to be expanded, its IT system upgraded and its leadership overhauled. The West
SEEK defies short-term investors
SEEK’s chief executive is defying short term investors who sent the company’s share price plunging because they are unhappy with his growth strategy. The Fin
Brookfield’s Asciano deal may spark Rail Track bidding war
Brookfield Infrastructure’s $8.9 billion proposed takeover of Asciano could spark a bidding war for Australian Rail Track Corporation if the merged company fights rival Aurizon for all or part of the government-owned rail group. The Fin
Seven happy with $900m AFL screen grab
Seven West Media chief executive Tim Worner felt no buyer’s remorse the morning after signing an eye-watering $900 million cheque to retain the Australian Football League’s TV rights, declaring “I’ve got no post-purchase dissidence at all” as Australia’s No 1 football code cheered the record deal. The Aus
Nalder held deal talks with Uber
Transport Minister Dean Nalder discussed signing an “operating agreement” with Uber to allow the ride-sharing company to operate legally in WA. The West
The Australian Financial Review
Page 1: SEEK’s chief executive is defying short term investors who sent the company’s share price plunging because they are unhappy with his growth strategy.
The chances of Glencore launching a second bid for Rio Tinto appear to be fading because of a collapse in profits at the Swiss resources group.
Page 3: Doctors and other medical professionals are turning up the heat over an increasingly bitter dispute with Medibank Private over hospital insurance cover, and have also sent a warning to the federal government to not make its review of medicare benefits a cost-cutting exercise.
Page 6: Pledges by the federal government that Chinese companies must test the local job market before importing workers should be enshrined in law, if it wanted the Senate to pass the China trade deal, under an option being considered by Labor.
Page 8: The hackers who breached the Ashley Madison website for cheating spouses have made good on their threat to reveal the details of its customers.
Page 9: Opposition Leader Bill Shorten has taken aim at the growing myth that the 1980s economic reform era was a ‘‘great, varnished, golden age of national consensus’’ between political enemies.
Page 17: Woodside Petroleum chief executive Peter Coleman said he will not spend ‘‘precious cash’’ on the lower quality assets currently for sale, but will instead wait until companies under financial pressure from low prices are forced to put their ‘‘crown jewels’’ on the market.
Brookfield Infrastructure’s $8.9 billion proposed takeover of Asciano could spark a bidding war for Australian Rail Track Corporation if the merged company fights rival Aurizon for all or part of the government-owned rail group.
Page 19: Arrium, the steel maker formerly known as OneSteel, will consider selling its only money-making business to cut its $1.75 billion debt.
Page 22: Foxtel chief executive Richard Freudenstein has backed Rupert Murdoch’s assessment that the AFL is Australia’s premium sports code, after the 50-50 News Corporation and Telstra venture spent about $1.3 billion for the subscription television rights to the Australian Football League.
The Australian
Page 1: An ACTU-backed grassroots army is being secretly deployed across the nation, vowing to defeat the government and have the Prime Minister consigned to political history as “one-term Tony”.
National Rugby League boss David Smith is set to fall “significantly” short of the try line in his bid for a $1.7 billion payday for the code, with News Corp preparing to make a sharply reduced bid for the pay-TV rights.
Page 6: Former Labor foreign minister and NSW premier Bob Carr has declared that the China-Australia free-trade agreement does not need to be rewritten to protect the interests of Australian workers.
Page 19: Seven West Media chief executive Tim Worner felt no buyer’s remorse the morning after signing an eye-watering $900 million cheque to retain the Australian Football League’s TV rights, declaring “I’ve got no post-purchase dissidence at all” as Australia’s No 1 football code cheered the record deal.
Foxtel chief Richard Freudenstein has fired a shot across Netflix’s bows, saying the US streaming giant cannot afford to bid against the pay-TV provider for films and dramas as the content market heats up.
Page 21: After years withering under deepening losses topped by having to destroy millions of dollars in spoiled and unwanted wine, premium winemaker Treasury Wine Estates has posted its second largest profit since splitting from Foster’s four years ago.
Page 23: Home loan writer Mortgage Choice says it is confident of a positive 2016 as the property market remains strong and the business diversifies, after the company posted weaker earnings in the past financial year.
Page 24: Vodafone Australia chief executive Inaki Berroeta has fired the latest salvo in the war for the nation’s 30 million mobile subscribers, unveiling a revamp of its mobile phone plans to chip away at Telstra’s market dominance.
The West Australian
Page 3: Tourism WA chief Stephanie Buckland said the public could do more to promote the State to friends, family and on social media as a place to visit.
Page 5: Just six months after it opened, doctors are calling for the $2 billion Fiona Stanley Hospital to be expanded, its IT system upgraded and its leadership overhauled.
Page 7: In an Australian media first, the Seven Network will begin streaming its free-to-air channels across all mobile and online devices this year.
Page 9: Transport Minister Dean Nalder discussed signing an “operating agreement” with Uber to allow the ride-sharing company to operate legally in WA.
Page 11: Demand for the first in a string of apartment blocks planned beside Perth shopping centres is about to be tested with stage one of a $400 million project next to Garden City to go ahead.
Page 16: Tony Abbott’s authority is being actively undermined by “gutless” colleagues leaking confidential documents on Government strategy.
Business: Minority shareholders of WA copper producer Aditya Birla have launched a new assault on the company’s board, delivering a first strike against its pay report amid criticism of Aditya’s corporate governance and management.
WA’s peak farm lobby group is rattling the tin over fears the industry and others will be left counting the cost when the State Government sells Fremantle Port.
Mount Gibson Iron chief executive Jim Beyer says the company is confident its one remaining iron ore mine can keep its head above water as the search goes on for new mining assets.