APRA warns against super fund activisim

APRA warns against super fund activisim

TWU attacks super boards Transport Workers Union national secretary Michael Kaine, an alternate trustee of TWUSuper, said super funds must regularly review the employment issues of companies they invest in. Mr Kaine attacked super fund boards for paying "lip service" to environmental, social and government investment principles and backed a harder approach against employers with…
Apple will have to have hit shows, target iPhone users with its TV service

Apple will have to have hit shows, target iPhone users with its TV service

Given that pay-TV customers historically spent more than $100 a month on TV subscriptions, getting users to pay for one more service might not be too much of a stretch. "It's fair to say the market is primed for consumers to subscribe to multiple services and they do already," Fadaghi says. Apple could also bundle…
Costa Group chief Harry Debney sells shares

Costa Group chief Harry Debney sells shares

At least you can't accuse him of selling at the peak. The chief of avocado grower Costa Group sold 825,000 ordinary shares last week, to fund his purchase of some 619,944 options and pay off an income tax bill. According to Monday's notice, Harry Debney sold for an average of $5.28 a share (netting $4.4…
How the ASX has defied a slowing economy

How the ASX has defied a slowing economy

Westpac is now predicting the economy to grow at a below-trend pace of 2.2 per cent this year. The disconnect between an underperforming economy and an outperforming sharemarket in 2019 should not come as a major surprise, Crestone Wealth Management chief investment officer Scott Haslem said. “The Australian sharemarket looks less like the economy than it…
Sydney and Melbourne house price fall sharpest in five downturns since 1965

Sydney and Melbourne house price fall sharpest in five downturns since 1965

"In the context of previous market downturns, prices in the Sydney and Melbourne markets are likely to continue to decline in 2019, particularly given the constrained availability of credit and ongoing weakness in investor demand. "The resultant reduced turnover and declining prices may lead to a delay in the next round of development." Tougher times…
ACMA investigating Christchurch terrorist attack coverage

ACMA investigating Christchurch terrorist attack coverage

The Australian Communications and Media Authority has begun a formal investigation into whether Australian television broadcasters breached content rules in their coverage of the Christchurch terrorist attacks last Friday. "The ACMA's investigation will focus on any content of the perpetrator-filmed, live-streamed footage of the shootings that was broadcast on Australian television," ACMA said in a…
Confidence in Chronican sees AFIC lift NAB stake

Confidence in Chronican sees AFIC lift NAB stake

NAB’s dividend yield remained around 8 per cent, despite all the headwinds facing the broader sector, and Mr Walling said shareholder returns were sustainable. “There is some possibility that the dividend is reduced slightly from here, but we feel that will largely remain. We come back to the fact that NAB does have some quality…
‘Mindless tribalism’ fostering hate, blame and contempt in society: PM

‘Mindless tribalism’ fostering hate, blame and contempt in society: PM

Senator Anning will be censured by the Parliament when it returns in early April for the budget but One Nation leader Pauline Hanson on whose ticket Senator Anning entered the Senate, refused to condemn him. Senator Hanson said she would be abstaining from the censure vote. Home Affairs Minister Peter Dutton urged his fellow Queenslanders…
South by Southwest signalled problems for tech sector

South by Southwest signalled problems for tech sector

His key themes are that the big tech companies have breached our trust by monitoring us, then taking that data and selling it or using it for behavioural modification. The crowd were right on board and the theme of loss of trust was one that played out on a number of other stages, reaching a…
Sellers with FONGO race to beat property clock

Sellers with FONGO race to beat property clock

With 943 auctions listed, Melbourne booked a preliminary clearance rate of 53.7 per cent. That was up on last week's final clearance rate of 49.2 per cent across just 216 auctions over the Labour Day long weekend. Final figures for Sydney are also expected to be revised lower, with preliminary results showing a 63.1 per…

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