Michael Janda
Business Editor at ABC News (Australia)
ABC business editor https://t.co/t3pT1dL03f. Sydney Uni political economy & UTS law graduate. Views expressed are my own, not the ABC's.
Articles
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1 week ago |
abc.net.au | Michael Janda |Samuel Yang |Emilia Terzon |Nadia Daly |Adelaide Miller
The Australian share market has finished the day up 0.3% at 8,435 points with an almost even split of winners and losers. Overall, the market had 92 stocks in the red, 11 unchanged and 97 stocks gaining. When looking at the sectors, Utilities finished at the top; up 1.2%, followed by Consumer Non-Cyclicals; up 1%. The Energy sector finished at the bottom; down -1.4%, followed by Industrials; -0.8% and Technology; -0.77%.
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1 week ago |
abc.net.au | Michael Janda
Australian housing costs have surged, due in part to a shortage of homes relative to a rapidly increasing population. But what if you could build 12 per cent more homes each year than we are currently with no extra workers? Both the federal government's Productivity Commission and the Committee for Economic Development in Australia (CEDA) believe that is possible by improving efficiency in the construction sector.
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1 week ago |
abc.net.au | Michael Janda
Australia's second largest operator of private hospitals has gone into receivership. Healthscope runs 37 facilities including the Prince of Wales in Sydney, Melbourne's Knox private hospital and several large hospitals in Brisbane, Darwin and Hobart. It's been owned by North American private equity group Brookfield since 2019 and has nearly twenty thousand staff. Australia's second largest operator of private hospitals has gone into receivership.
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1 week ago |
abc.net.au | Michael Janda
Healthscope's lenders have appointed corporate restructuring firm McGrathNicol as receivers for the financially troubled hospital operator. Healthscope says, while the parent companies are in receivership, the operational business, which runs the hospitals, is not. The Commonwealth Bank has provided an additional $100 million in loan funding to help keep the company's 37 hospitals running while the receivers seek buyers for them.
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1 week ago |
abc.net.au | Daniel Ziffer |Michael Janda
Energy prices could lift anywhere from 0.5 per cent to 9.7 per cent in different parts of the national electricity grid, in figures released on Monday. The Australian Energy Regulator (AER) releases a default market offer (DMO) — essentially a price safety net — that limits what retailers can charge customers in New South Wales, south-east Queensland and South Australia.
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Read this: https://t.co/54z5paGryR
As usual, @annabelcrabb absolutely on the money with her column https://t.co/KLqJyIirtU Read down for the discussion of how tax incentives have supercharged Ute Man.
Finally, a children's book that correctly explains that penguins only live in the Southern Hemisphere and DO NOT naturally coexist with polar bears. Thank you @donaldson_ju ! https://t.co/VnyOUrwVjG