- Live
- Need to Know
Maguire was ‘relentless’ in pursuing club bid
Former NSW Premier Mike Baird has told the ICAC he was “incredulous” when he learned of former Liberal MP Daryl Maguire and former Premier Gladys Berejiklian’s relationship last year. Follow updates here.
Key Posts
No new COVID cases in SA, 60pc double-vaxxed
‘Concerns’ about Maguire related to personal behaviour
Maguire was ‘relentless’ in pursuing shooting club bid
Last updated 12 mins ago
Flight Centre, burning $40m a month, sees sunny skies ahead
International bookings for Aussies are kicking off at levels not seen since COVID-19 began, travel group says.
![“There is a case to consider this year, after the pandemic, what [the] recovery needs.”](http://web.archive.org./web/20211020055302im_/https://static.ffx.io/images/$zoom_0.4212%2C$multiply_2%2C$ratio_1.777778%2C$width_1059%2C$x_814%2C$y_342/t_crop_custom/c_scale%2Cw_280%2Cq_52%2Cf_auto/0a3538b3de16901bfd5055f4a669cc61a2de026b)
Immigration Minister signals increase to arrivals cap
The Coalition government is looking to raise next year’s migration cap - currently set at 160,000 - and said it was confident flows of foreign workers would rebound despite Australia suffering offshore reputation damage.
Shares rally 0.5pc, led by Worley’s upgrade to net zero winner
Australian shares closed higher on Wednesday, buoyed by a 7.5 per cent jump in Worley after it secured a key contract, and by a positive Kogan trading update.
Wage theft is ‘systemic’: 21 universities under investigation
A senate report into insecure work says wage theft and exploitative workforce practices have become the “contractual norm” in universities.
Booster shots planned before Christmas
After booster shots for people with compromised immune systems and those in the aged care sector, the rollout is expected to be opened to all Australians without age restrictions.
Warrant issued for arrest of Bill Papas
Federal Court Justice Michael Lee has issued a warrant for the arrest of Forum Group founder Bill Papas who has been in Greece since June 21.
News and views to help aspirational investors grow their wealth. In your inbox every Wednesday.
smart investor
Investors and renters return to cities as pandemic fears ease
Inner-city supply is tightening and rental prices are beginning to increase.
- Opinion
- Investing
Do female investors have a perfectionist problem?
Money coaches say women have less invested than men because they are afraid of not getting it absolutely right.
- Opinion
- Property investment
How much to spend on your renovation
There’s a fine line between adding value and overcapitalising – here’s how to work it out.
- Opinion
- Aged care
How to find the best aged care home
Don’t leave it to chance but check how the provider rates on quality and safety. Price alone is not the best indicator.
- Opinion
- Inheritance
Can you disinherit your child?
What happens when broken family relationships are played out by parents leaving their offspring out of the will?
Companies
Dan Murphy’s lockdown verdict is in
Customers of Dan Murphy’s and BWS liquor have shifted online in lockdowns, and hotel-goers are ordering expensive cocktails.
Bechtel, PwC on board to deliver Sun Cable project
The Sun Cable solar power export project has announced a heavyweight team of global technical and advisory experts to bring the $30 billion-plus electricity cable project to Singapore to life.
Supercheap Auto and Rebel chains crimped by lockdowns
CEO Anthony Heraghty expects a strong rebound over summer, and says Click and Collect has overtaken pure online transactions.
A2 Milk shares rally after Citi keeps ‘buy’ call
Rival Danone SA showed growth in its China baby formula business channels in the September quarter, which bodes well for a2 Milk.
BHP tops Forrest in Canadian nickel battle
BHP has wasted no time in reclaiming pole position in the bidding war for Canadian nickel explorer Noront Resources.
Bank branches and ATMs vanish as customers avoid cash like the plague
Banks are closing branches and ripping out ATMs as customers increasingly prefer to do business online.
Westpac to offer young customers ‘subscription credit’
A new no interest credit card called Flex will allow Westpac to keep pace with structural shifts in the demand for credit to facilitate online shopping.
Companies in the News
Search companies
View stories and data from an ASX listed company
Markets
- Live
- Markets Live
ASX adds 0.5pc; Codan, REA, Kogan, A2 Milk climb
The Australian sharemarket added 38.8 points, or 0.5 per cent to 7413.7 on Wednesday. Recap the day’s news here.
Fundie Luciano suffers $500m drop in wealth
Shares in VGI Partners, Robert Luciano’s hedge fund, have fallen 70 per cent in two years to a record low.
What prompted Cathie Wood to quit China
When Alibaba founder Jack Ma was effectively banished in China, it triggered star fund manager Cathie Wood. Her flagship Ark fund now has no Chinese investments.
ASIC warns ASX penny stock pumpers for second time
Pump and dump group organisers taunted ASIC again after the regulator directly messaged them to warn sharemarket manipulation is illegal and risks jail time.
- Opinion
- Chanticleer
Bull retreat: Where fundies are investing - and avoiding
The speed at which sentiment has changed in Bank of America’s global fund manager survey is staggering. And it’s all about inflation.
Opinion
The tremors from Evergrande will rumble on for Australia
The real estate giant’s problems will not trigger a financial crisis, but they show that China’s economy must change, and that will have long-term implications for Australia.
Economics editor
COP26 is the real thing and not a drill
While there seems to be a clear path towards a zero-emissions energy economy, it is a really difficult one. It is hard technically and even harder politically.
Columnist
Migration is not a substitute for a more flexible workforce
Australia has a big immigration shortfall. But migrants have also been papering over rigidities in the domestic job market.
Contributor
Australian companies bulking up on optimism
This year could be a record for merger activity as corporate Australia looks through fears of inflationary bottlenecks.
Editorial
Australians need a PhD in ‘borderology’ to figure out the rules
The confusion over domestic borders and travel is mirrored in uncertainty over immigration levels once Australia’s international borders open up.
Columnist
The great interest rate debate takes another turn
Stephen Grenville’s claim that he wants interest rates to actively be pushed up because it is “inevitable”, is like saying we’re all going to die some day, so let’s stop taking care of ourselves.
Contributor
Politics
Just 500 public tickets for Melbourne Cup reopening
Just 500 people from the public will be able to get their hands on a Melbourne Cup ticket, despite it being billed as Victoria’s coming out party.
Berejiklian should have disclosed secret Maguire relationship: Baird
Former NSW premier Mike Baird says he was “incredulous” when he learned of Gladys Berejiklian’s secret relationship with disgraced MP Daryl Maguire.
Get on your bike, says Josh Frydenberg
Treasurer Josh Frydenberg is pumping up the tyres of the cycling economy, and will launch a new EY report on the power of the pedal.
Prolonged talks expose net zero deal
The Nationals are handing over their climate demands but many senior members of their party and Liberals say the drawn-out negotiations will be damaging.
Gladys Berejiklian case puts ICAC on trial
As the Independent Commission Against Corruption prepares to put the former NSW premier in the witness box again, it’s time to weigh up its reputation.
SPONSORED
World
Musk to become a trillionaire, but not from Tesla: analyst
It will be Elon Musk’s space company, rather than his electric-car maker, that lifts his wealth into the stratosphere, according to one analyst.
New COVID-19 wave builds in Europe’s unvaccinated regions
Wherever jab rates are low, the virus is on the march again – leading to overcrowded hospitals, new restrictions and more deaths.
- Opinion
- Inside China
Chinese policymakers face a major growth dilemma
Beijing will likely use infrastructure spending to plump up economic activity, as it pushes China’s bloated property developers to continue shrinking their debt
A robot server is helping human waiters earn more in tips
The $US1000-a-month cyborg carries plates at a Florida eatery, giving staff more time with customers, the owner said.
Couple sail to their wedding in giant cooking pot
Frontline workers Akash and Aishwarya were determined not to let flash floods and landslides in India stop their wedding.
Property
AusSuper on the hunt for London’s next King’s Cross
The 67-acre site allowed the $190 billion industry fund to notch up a significant offshore property success - and now it wants more.
Cold storage is hot, says Trilogy Funds after $28m buy
In its biggest industrial acquisition, Trilogy Funds has bought a warehouse and cold storage facility at Hexham, Newcastle.
Melbourne Woolworths sale sets new benchmark
The sale of the Blackburn South Woolworths to a local investor on a record low yield reflects the weight of capital seeking convenience-based retail assets.
This Sydney apartment just sold for a record $25m+
Hugo van Kretschmar’s sale not only smashes Darling Point’s $16.8 million unit high, it is also the suburb’s highest property price for more than 18 months.
Mall giants provide earnings guidance on Christmas rebound hopes
Alongside its earnings forecast, SCA Property Group acquired the Moggill Village mall from developer Don O’Rourke for $55m.
Wealth
Investors and renters return to cities as pandemic fears ease
Inner-city supply is tightening and rental prices are beginning to increase.
What to do with your SMSF when it’s just you left
Getting the structure of your DIY super fund right is vital to keep things simple after one of you passes on.
- Opinion
- Investing
Do female investors have a perfectionist problem?
Money coaches say women have less invested than men because they are afraid of not getting it absolutely right.
Technology
- Exclusive
- Business IT
‘Terrible mistake’ could send execs to jail over vaccine certificates
Storing employees’ COVID-19 vaccination certificates is a “world of data security pain”, experts warn, which could send unsuspecting business owners or execs to jail.
Netflix tops third-quarter subscriber views, sees upbeat fourth
Netflix added 4.38 million subscribers in the third quarter, and it expects to add 8.5 million customers in the final three months of 2021.
- Exclusive
- Mergers & acquisitions
Ex-AFL star sells start-up for $205m after just four years
The recent boom in Brisbane-based tech company success continues as former Adelaide Crow Brad Moran sells CitrusAd to French giant Publicis Groupe.
Work & Careers
How to rethink wealth creation (and opportunity)
Mariana Mazzucato says narrow objectives such as how to commercialise university research are like sex - if you want it too much, it won’t happen.
- Opinion
- Workplace
Beware, workers are about to pivot with their feet
The workplace is going through a Great Realignment because of the pandemic, which has made many employees rethink what their jobs mean to them.
Life & Luxury
How you can live the VIP high life on a superyacht
Not everyone can afford a superyacht, but a new charter company founded on the Gold Coast is offering an entrée into that exclusive club, one cabin at a time.
For this CEO, 3km powering through the ocean is child’s play
These days, former competitive swimmer Jill Berry takes to the water for fun – and to help keep others safe in the surf.
Prostate cancer screening guidelines ‘putting lives at risk’
Specialists say current guidelines don’t include new technology that can sharpen diagnosis and reduce the fear of overtreatment.
A top London chef reveals her recipe for podcast success
Ruth Rogers, co-founder of the famed River Cafe, is turning her talents to a new podcast in which celebrity guests are on the menu.
A day to be charmed in Little Venice
Chioggia lies at the southern end of the vast Venetian Lagoon. It’s a quirkier, pocket-sized version of the famous nearby floating city, one with abundant fresh seafood.
