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The Age National Headlines

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Better year expected for dairy farmers

Fri, 23 Jun 2017 04:19:13 GMT

The 2017/18 season should be better for dairy farmers in the wake of improved trading and seasonal conditions, says Rabobank.

Downgrade takes wind out of Infigen shares

Fri, 23 Jun 2017 04:30:13 GMT

Weak wind conditions are expected to cut wind farm operator Infigen's underlying earnings by up to $11 million, the company has warned.

CSR warns jobs at risk from energy costs

Fri, 23 Jun 2017 02:34:13 GMT

Building products supplier CSR expects its energy costs to jump over the next 12 months and has warned manufacturers are at risk unless prices fall.

ASIC, ATO, AFP and Defence buy services of phone-hacking company Cellebrite

Fri, 23 Jun 2017 02:22:05 GMT


The government departments are using services from tech company that helped FBI hack smartphones.

Banks 'could hit SA borrowers' over levy

Fri, 23 Jun 2017 01:27:13 GMT

UBS analyst Jon Mott says the big banks could respond to the South Australian bank tax by hitting local borrowers in the pocket with mortgage rate rises.

Ardent shares lower as US sales slow

Fri, 23 Jun 2017 00:55:15 GMT

Ardent Leisure says it expects full-year core earnings to be between $73 and $75 million and has announced a lower full-year distribution of just three cents.

NAB hikes interest-only mortgage rates

Fri, 23 Jun 2017 01:06:13 GMT

National Australia Bank has followed its peers by raising its variable rates for interest-only mortgages to stay within APRA limits.

Bega aims to grow more with $160m raising

Fri, 23 Jun 2017 00:17:17 GMT

Bega Cheese is launching a $160 million capital raising - with $122.5 million of it as an institutional placement - as it targets further growth.

Stocks to watch

Fri, 23 Jun 2017 02:24:11 GMT

Stocks of interest on the Australian share market

Banks weigh on ASX after SA levy decision

Fri, 23 Jun 2017 02:22:11 GMT

The benchmark S&P/ASX200 has fallen 0.1 per cent as bank stocks respond to South Australia's decision to ape the federal government's bank levy.

Households to be offered cash to turn off power-guzzling appliances under proposed plan

Thu, 22 Jun 2017 14:15:18 GMT


Energy companies offering you money to turn off power-guzzling appliances is just one of the ideas in a proposed initiative.

ATO tax fraud: Behind the alleged extortion scheme designed to keep fraud going

Thu, 22 Jun 2017 14:15:17 GMT


A police affidavit reveals the bitterness that preceded the alleged extortion and the way the syndicate believed they could make the blackmail failsafe.

Banks lash 'outrageous' SA budget levy hit

Thu, 22 Jun 2017 08:09:13 GMT

Australia's banking lobby is demanding assurance other states and territories won't copy South Australia's surprise state-based bank levy.

Gas only a 'short bridge' to a low-carbon future, climate group finds

Thu, 22 Jun 2017 07:30:07 GMT


Hopes gas will play the role of a so-called transition fuel towards a low-carbon future are dimming as costs of renewable energy dive and its emissions edge over coal is increasingly questioned, a new report by the Climate Action Tracker argues.

Waislitz urges Fairfax to divest Domain

Thu, 22 Jun 2017 06:36:13 GMT

Fairfax Media investor Alex Waislitz says recent private equity takeover bids undervalue the media company, and that Domain divestment is the way forward.

ASIC bans multiple crowdfunding offers

Thu, 22 Jun 2017 05:47:14 GMT

Start-up companies are to be banned from making multiple crowd-source funding efforts to grow their businesses.

Forget the fidget spinner, move aside Pokemon Go and get ready for ... rocks

Thu, 22 Jun 2017 04:59:03 GMT


It's cheap, simple and healthy and it's capturing the imaginations of children all over Australia.

Australian police and Facebook launch AMBER Alert child abduction system

Thu, 22 Jun 2017 14:42:09 GMT


Australia on Thursday launched the AMBER Alert initiative with Facebook Australia.

CIMIC, John Holland win harbour tunnel bid

Thu, 22 Jun 2017 06:20:18 GMT

CIMIC and its partners will deliver Sydney's new twin-tunnel rail line under the harbour, part of the NSW government's $20.8 billion Sydney Metro project.

Refining to lift Caltex half-year profit

Thu, 22 Jun 2017 07:54:17 GMT

Fuel retailer Caltex expects half-year replacement cost operating profit to rise more than 20 per cent following strong margins at its Brisbane refinery.

ACCC won't oppose Yellow Cabs QLD buy

Wed, 21 Jun 2017 23:58:21 GMT

The Australian Competition and Consumer Commission says it will not oppose Cabcharge Australia buying Yellow Cabs in Queensland.

Murray Goulburn lifts opening milk price

Thu, 22 Jun 2017 00:31:18 GMT

Dairy co-operative Murray Goulburn has raised its opening farmgate milk price by about 10 per cent and lifted the higher end of its full-year forecast.

Iluka flags impairment, mining restart

Thu, 22 Jun 2017 00:24:15 GMT

Iluka Resources will place a mineral separation plant in Victoria on care and maintenance status but plans to restart mining in South Australia.

Stocks to watch

Thu, 22 Jun 2017 06:38:11 GMT

Stocks of interest on the Australian share market

Aust stocks recover from Wednesday plunge

Thu, 22 Jun 2017 07:24:11 GMT

The share market has bounced back from its worst session of the year.

Call goes out for Ten Network saviours

Wed, 21 Jun 2017 07:24:50 GMT

Ten Network's administrator will start canvassing buyers or investors for the troubled broadcaster, with official ads to be published nationally on Thursday.

Housing rules dampen investor spirits

Wed, 21 Jun 2017 06:53:35 GMT

House prices are predicted to fall from next year as government policy changes reduce the influence of foreign and domestic investors.

Energy stocks slide on renewed oil slump

Wed, 21 Jun 2017 05:55:30 GMT

Local energy stocks have slid to their lowest levels in several months on renewed fears of weakness in the global oil market.

Temple & Webster flags future profits

Wed, 21 Jun 2017 05:09:15 GMT

Furniture and homewares retailer Temple & Webster has forecast a significantly reduced annual earnings loss and says its first profit is within reach.

Australia all aflutter over half-mast flag mystery

Wed, 21 Jun 2017 03:05:14 GMT


Wondering why the flags are at half-mast on Wednesday? So were many Australians.

If Finkel review isn't dead it's going to take a miracle to revive it

Wed, 21 Jun 2017 03:14:04 GMT


Like the Pythonesque parrot, Alan Finkel's independent review into the future security of Australia's electricity market is merely sleeping.

Retail Food Group cuts profit forecast

Wed, 21 Jun 2017 07:21:29 GMT

Shares in Retail Food Group, the owner of Donut King and Gloria Jean's, have fallen sharply after the company downgraded its profit growth expectations.

Sharon Edwards' husband fronts NSW court charged with wife's alleged murder

Wed, 21 Jun 2017 07:17:06 GMT


John Edwards will be extradited to NSW over allegations he was involved in the disappearance of his wife Sharon.

AI lab-reader set for hospital trial

Wed, 21 Jun 2017 01:27:31 GMT

An Australian-developed device using artificial intelligence to detect and diagnose infectious diseases is set for its first hospital trial.

QBE hammered for offshore claims blowout

Wed, 21 Jun 2017 07:21:24 GMT

QBE has flagged higher-than-expected claims from its emerging markets division, including weather-related claims in Latin America.

Graeme Hunt appointed as AGL chairman

Wed, 21 Jun 2017 00:48:14 GMT

Power company AGL has appointed Graeme Hunt as chairman to succeed Jerry Maycock following the company's annual general meeting in September.

Yowie cuts sales forecasts for third time

Wed, 21 Jun 2017 00:29:16 GMT

Yowie Group now expects only 55 per cent sales lift this year, its third cut in four months, and down from 70 per cent in April, and before that 85-90 per cent.

APA to spend $180m to expand WA network

Tue, 20 Jun 2017 23:31:15 GMT

Gas transmission major APA Group will spend $180 million to build a gas transmission pipeline and a 45 MW gas fired power station in WA.

Rio director steps down after UK charges

Wed, 21 Jun 2017 02:14:12 GMT

John Varley has stepped down from the board of Rio Tinto after being charged by British regulators in a fraud case related to his tenure as CEO of Barclays.

Former Queensland mayor Paul 'Mr Ipswich' Pisasale charged with extortion

Wed, 21 Jun 2017 00:28:07 GMT


Police opposed his bail application but the Deputy Chief Magistrate granted it on a number of conditions.

Rio reaffirms coal assets sale to Yancoal

Tue, 20 Jun 2017 22:53:09 GMT

Rio Tinto has reaffirmed the sale of its NSW coal operations to Yancoal, choosing it over a late bid from commodities giant Glencore.

Stocks to watch

Wed, 21 Jun 2017 06:42:15 GMT

Stocks of interest on the Australian share market

Share market posts biggest fall of 2017

Wed, 21 Jun 2017 07:20:11 GMT

The share market's worst session of 2017 has taken the main indices back below where they were at the start of the year.

ATO tax fraud: Money 'laundered through Lebanon' following alleged extortion

Tue, 20 Jun 2017 14:15:00 GMT


Some of the money allegedly raised by a $130 million tax fraud scheme was laundered through Lebanon by a north shore builder before eventually finding its way to an eastern suburbs extortionist, new documents reveal.

Westpac hikes interest-only rates

Tue, 20 Jun 2017 06:07:14 GMT

Westpac has increased incentives for customers to shift away from interest-only mortgages by cutting some variable rates and raising others.

Jobs, housing still a worry for RBA

Tue, 20 Jun 2017 06:16:16 GMT

Signs of strength in some parts of the non-mining economy and patches of improvement in employment weren't enough to push the RBA to hike rates in June.

Property, wages key risks for NSW budget

Tue, 20 Jun 2017 02:21:16 GMT

The NSW government has flagged cloudy growth outlooks in its biggest revenue earners as key risks to its budget estimates.

Property market delivers again for NSW

Tue, 20 Jun 2017 02:32:18 GMT

Strong Sydney property prices will deliver another surplus for NSW in 2017/18 but the state is forecasting the housing market to moderate in coming years.

Rate rises driving late mortgage payments

Tue, 20 Jun 2017 02:13:15 GMT

The number of home owners behind on their mortgage repayments is growing, and S&P Global Ratings says rising interest rates are playing a part.

Sydney drives home prices up 10 per cent

Tue, 20 Jun 2017 02:49:15 GMT

Home prices rose by an average 10.2 per cent in the year to March 2017, with Sydney recording the highest growth, at 14.4 per cent, new statistics show.

Big four facing open banking threat

Tue, 20 Jun 2017 05:09:14 GMT

The way the Big Four dominate Australian banking is almost over, a new report on the evolution of global banking suggests.

Bank shares fall after Moody's downgrade

Tue, 20 Jun 2017 06:39:17 GMT

Shares in Commonwealth, ANZ, NAB and Westpac are all lower after a Moody's downgrade due to high levels of household debt stemming from spiralling house prices.

Slater and Gordon to battle class action

Tue, 20 Jun 2017 00:35:15 GMT

Law firm Slater and Gordon says it will defend a class action brought against it by one of its shareholders over claims it made misleading financial statements.

Embattled Oroton may seek a buyer

Tue, 20 Jun 2017 06:38:17 GMT

A wide strategic review of troubled retailer Oroton, could see the brand sold, refinanced or recapitalised, the company says.

APA considers new Queensland gas pipeline

Tue, 20 Jun 2017 05:42:18 GMT

APA Group will consider building a new gas pipeline after signing an initial agreement with Blue Energy to transport its gas resources.

Tabcorp merger to build earnings, cut jobs

Tue, 20 Jun 2017 07:03:15 GMT

Tabcorp expects its $11 billion merger with Tatts Group to drive earnings after 12 months of full integration, projected to begin in August.

Stocks to watch

Tue, 20 Jun 2017 06:31:13 GMT

Stocks of interest on the Australian share market

Aust shares dragged down by energy sector

Tue, 20 Jun 2017 01:01:12 GMT

The Australian share market has been dragged lower in early trade with energy stocks weighing following a more-than-one-per cent fall in oil prices.

Aussie tourists duped into eating dog meat in Bali

Mon, 19 Jun 2017 13:28:19 GMT


Warning: distressing images 

Amazon grocery fears overdone: report

Mon, 19 Jun 2017 05:52:14 GMT

Analysts at Citi say Amazon will be "unlikely" to replicate its surprise $18 billion Whole Foods acquisition in Australia.

'Remarkable' high pressure shielding much of Australia from winter's wrath

Mon, 19 Jun 2017 04:06:25 GMT


Farmers and ski resort operators are watching synoptic charts with growing anxiety.

Treasury Wine to sell French wine in China

Mon, 19 Jun 2017 04:02:14 GMT

Australian wine supplier Treasury Wine Estates is seeking a bigger share of the market in China by adding French wine to its Australian and US offerings.

AFG upgrades its profit forecast by 45%

Mon, 19 Jun 2017 03:11:15 GMT

The share market has responded as Australia's largest mortgage broker bumps up its profit forecast by almost 45 per cent.

Fairfax shuns Macquarie Media stake offer

Mon, 19 Jun 2017 03:00:21 GMT

Fairfax Media has rebuffed an approach for its 54.5 per cent stake in ASX-listed 2GB radio owner Macquarie Media.

Capital city property prices tick higher

Mon, 19 Jun 2017 01:34:14 GMT

Weekly property prices have ticked 0.6 per cent higher, on average, across most of Australia's capital cities, but auction clearance rates have moderated.

Downer's Spotless bid now unconditional

Mon, 19 Jun 2017 00:53:56 GMT

Downer EDI has dropped the defeating conditions to its Spotless takeover bid and introduced accelerated payment terms to try to boost its 36.44 per cent stake.

Bubs shares surge on NetEase Kaola deal

Mon, 19 Jun 2017 02:25:25 GMT

Bubs Australia's shares have soared after announcing its products will be accessible to 15 million customers through a partnership deal with NetEase

Newcrest boosts stake in AIM-listed miner

Sun, 18 Jun 2017 23:27:16 GMT

Newcrest Mining has invested a further $US40 million ($A52 million) increases its stake in AIM-listed SolGold Plc to 14.54 per cent.

Stocks to watch

Mon, 19 Jun 2017 06:55:22 GMT

Stocks of interest on the Australian share market

Banks lift share market but retailers hurt

Mon, 19 Jun 2017 07:13:11 GMT

Australian shares made modest gains on the back of strength among the major banks but retail stocks fell on fears over Amazon's impact on the big supermarkets.

Cold storage company blocked from locking workers out of bargaining

Mon, 19 Jun 2017 02:49:09 GMT


Australia's largest privately owned cold storage company has been stopped from transferring workers to a new labour-hire company to avoid negotiating a new enterprise agreement.

Test your knowledge with our superquiz

Sun, 18 Jun 2017 14:03:42 GMT


Trivia buffs can test their knowledge with today's superquiz interactive graphic.

Alleged Triad boss Qi Guang Guo set for deportation 20 years after immigration bungle

Sun, 18 Jun 2017 14:00:00 GMT


The Immigration Department twice bungled the alleged crime kingpin's visa cancellation process.

Nine in 10 Australians agree the world has become more dangerous

Sun, 18 Jun 2017 07:19:14 GMT


The vast majority of Australians say the world is becoming more hazardous and their confidence that America will play a constructive role in global affairs has plummeted since Donald Trump became president.

Amazon woes to dominate market thinking

Sat, 17 Jun 2017 23:41:23 GMT

Investors will be watching Amazon closely this week, after the online retail giant shook up US grocery store stocks with a billion dollar Whole Foods deal.

Feline hyperthyroidism: Cats go radioactive to survive mystery disease

Sat, 17 Jun 2017 14:15:21 GMT


Kelli Grant's cat Max had always loved to eat but that was nothing compared to how ravenous he became a few years ago, howling and pestering her for food.

The best day of the week to avoid being robbed, murdered or dying

Sat, 17 Jun 2017 14:15:21 GMT


Aside from Keith Richards and McDonald's Happy Meals, not much remains the same between 1979 and now. There is, however, at least one other stubborn hold-out, a cultural trend so deeply unchanging that it deserves to be recognised - the best day of the week on which to be murdered.

ANU rolls out Sources of Strength suicide prevention program to Canberra schools

Sat, 17 Jun 2017 14:00:42 GMT


The program, led by the ANU, aims to encourage help-seeking in young people.

Endangered moth on new Bangladesh, India high commission sites

Sat, 17 Jun 2017 14:00:24 GMT


Formal environmental approval needed before Yarralumla projects can proceed

HSC VET: Tips for everyone from the Inspector

Sat, 17 Jun 2017 14:00:00 GMT


'Mind maps' are a great way to remind yourself of key points.

CCCares student gives back by cooking rescued food for OzHarvest

Sat, 17 Jun 2017 14:00:24 GMT


The students have one ambition - to carve out a future for their children.

The job Chief Scientist Alan Finkel 'wouldn't touch with a 10-foot pole'

Sat, 17 Jun 2017 01:01:18 GMT


The chief scientist is struggling to solve one of Australia's most intractable problems.

PAS Group target of $69.7m US takeover bid

Fri, 16 Jun 2017 05:36:13 GMT

PAS Group's largest shareholder has made a takeover bid for the remaining 60 per cent of the women's apparel firm, valuing it at $69.7 million.

New BHP chair's packed career

Fri, 16 Jun 2017 04:23:13 GMT

Former Amcor-boss, Ken Mackenzie has been named BHP Billiton Chairman-elect.

Date set for Ardent board battle

Fri, 16 Jun 2017 00:50:13 GMT

Ardent Leisure shareholders have been called to vote on four new appointments to the board at the urging of the company's biggest shareholder.

Former Amcor CEO to succeed Nasser at BHP

Fri, 16 Jun 2017 08:10:14 GMT

BHP Billiton says former Amcor chief executive Ken MacKenzie will take over from the retiring Jac Nasser as chairman on September 1.

a2 Milk shares soar on sales guidance lift

Fri, 16 Jun 2017 07:58:13 GMT

Shares in a2 Milk have soared after it said it expects full-year sales revenue of approximately $NZ545 million, $NZ20 million more than predicted in April.

Stocks to watch

Fri, 16 Jun 2017 06:37:11 GMT

Stocks of interest on the Australian share market

Aust stocks finish week with gains

Fri, 16 Jun 2017 07:16:11 GMT

A pullback in late trade could not take the gloss off a strong week for the major banks with the Australian share market edging higher at the close.

'Retrograde': Emissions on wrong trajectory to hit Paris goal, report finds

Thu, 15 Jun 2017 08:17:05 GMT


Australia's greenhouse gas emissions could return to 2005 levels by 2030 without new government action, contrary to the scenario modelled by the Finkel review, according to a new report by respected analyst Hugh Saddler.

High tomato prices should 'halve' by July

Thu, 15 Jun 2017 21:52:02 GMT


Those baulking at tomato prices have Cyclone Debbie to blame after the category-four cyclone ripped through prime growing regions.

Korean bidder favoured as Arrium owner

Thu, 15 Jun 2017 08:46:13 GMT

Steelmaker Arrium is likely to be bought by a Korean consortium, with the company's administrators announcing the Newlake Alliance-led group as favoured bidder.

'No gas shortage', says Santos boss

Thu, 15 Jun 2017 07:41:13 GMT

Santos CEO Kevin Gallagher says government intervention in the LNG industry is not addressing the causes of the east coast gas problem.

London tower fire could happen here: Australian buildings cloaked in flammable cladding

Thu, 15 Jun 2017 06:33:15 GMT


It is understood the same type of cladding that fuelled the London highrise fire has been installed on Australian buildings.

Retail boss says shoppers are not broke

Thu, 15 Jun 2017 06:30:13 GMT

Retail sales are rising despite pressure from new online rivals, and consumers are being more selective with what they buy, Scentre's chief executive says.

CBA offers $29m in compo for dodgy advice

Thu, 15 Jun 2017 05:28:13 GMT

Commonwealth Bank has offered $29.1 million in compensation to customers who lost out because of the lender's advice or incorrectly imposed fees.

Downer gains 30pct interest in Spotless

Thu, 15 Jun 2017 02:56:15 GMT

Downer EDI has lifted its interest in takeover target Spotless to nearly 30 per cent while Spotless is still recommending shareholders reject the bid.

Jobless rate hits four-year low of 5.5%

Thu, 15 Jun 2017 06:30:14 GMT

Australia's unemployment rate has fallen in a surprising and positive result that has sparked expectation of an improvement in wages growth.

What is cladding and why is it used on buildings?

Thu, 15 Jun 2017 04:32:02 GMT


Australian authorities have been told an audit of high-rise buildings with cladding is needed.

Bellamy's up after first phase of raising

Thu, 15 Jun 2017 01:15:14 GMT

Bellamy's shares are up after the Infant formula supplier received strong support from institutions in the first phase of a $60.4 million capital raising.