AGL hikes SA electricity prices 10pc, blames power station closures
AGL hikes SA electricity prices 10pc, blames power station closures Updated June 15, 2016 17:57:21 The price of electricity for AGL customers in South Australia is set to rise by about $200 a year from next month.The company, which is the largest electricity supplier in the state, has partly blamed the 10 per cent increase on the closure of Alinta's power stations in Port Augusta.It said the availability of coal and gas for power generation has had an impact on its cost..>> view originalASX dives to two-month low as investors fret over Brexit, Fed
The benchmark index has now dropped around 4 per cent from late May's highs of 5400, due largely to concerns markets could be hit hard should Britons choose to leave the European Union in next week's landmark vote. Photo: Simon Dawson Australian shares fell for a fifth straight session on Wednesday amid continued worries around a possible 'Brexit', falling commodity prices and ahead of the US Federal Reserve decision on interest rates.The S&P/ASX200 index sli..>> view originalA2 Milk lifts full-year profit guidance
Brexit's five big risks for global financial markets
ANALYSIS Recent market tumult over the growing risk that Britons will next week vote to leave the European Union may seem irrational, or at least overdone, to many.After all, who cares if the peoples of a bunch of windswept islands off the west coast of continental Europe divorce themselves from what they essentially view as a convenient trade bloc of disparate nations?According to the experts, however, global investors should be worried by the possibility of such a separation.Why? Because risk..>> view originalVirgin Australia to raise $852m as it bolsters capital
Virgin Australia will raise $852 million and slash costs as part of a new plan to improve its capital position. Photo: Edwina Pickles Virgin Australia will raise $852 million and slash costs as part of a new plan to cut its debt load and improve earnings. Its shares fell 12 per cent in early trading as the market digested the deeply discounted rights issue .The equity raising will be supported by shareholders Singapore Airlines, Nanshan Group, HNA and Richard..>> view originalQueensland budget: Treasurer to 'take advice' if public super goes into deficit
Treasurer Curtis Pitt won't say if the Queensland government will follow the independent State Actuary's advice and top up the public servant super scheme if it falls into deficit due to the government taking $4 billion from it, only saying he would seek further advice. A budget 'for families' The 2016 Queensland budget will focus on innovation, investment and infrastructure while creating jobs and paying down debt. Mr Pitt came under fire for failing to answer why the government d..>> view originalSuncorp hunts new banking boss
New Perth children's hospital floods
The basement of Perth's new children's hospital has been flooded after a pipe-work failure, the latest problem to plague the incomplete $1.2 billion project. The flooding occurred after a hot water pump connection failed on Wednesday morning, a spokeswoman told AAP. The water was mostly contained to a plant room in the hospital's basement that had been designed with waterproofing features, she said. Opposition health spokesman Roger Cook questioned Health Minister John Day in parliament about t..>> view originalJames Packer responds to critics with a $4.5 billion turbo-charger for Crown Resorts
David Rowe Gaming billionaire James Packer plans to unlock up to $4.5 billion in shareholder value and turbo-charge the Crown Resorts dividend yield with a blockbuster restructuring package that will blow away his critics.In one fell swoop, Packer will put an end to suggestions that he has lost interest in his Australian gaming business, while at the same time addressing governance concerns raised by prominent fund managers.Crown Resorts will be broken into three separate pieces: Crow..>> view originalWestpac report shows consumer sentiment dips in June
Westpac report shows consumer sentiment dips in June Updated June 15, 2016 13:20:02 A new report from Westpac shows consumer sentiment dipped in June following a bounce in confidence after the Reserve Bank cut interest rates in May.The Westpac-Melbourne Institute Index of Consumer Sentiment dipped 1 per cent to 102.2 from 103.2 in May. Readings above 100 indicate optimists outnumber pessimists."Last month's surprise rate cut from the RBA was the main catalyst behind May..>> view original
Wednesday, June 15, 2016
AGL hikes SA electricity prices 10pc, blames power station closures and other top stories.
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