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Federal budget 2021: Stock winners from the 'spendathon' budget


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The federal government’s “spendathon” budget is set to be a boon for a number of stocks on the local sharemarket, pumping billions into the economy over the next several months, with domestic-facing consumer stocks set to receive the biggest boost.
The extension of personal tax cuts for low- and middle-income earners, the extension of generous business tax incentives, and specific support measures for industries have created a tailwind for a number of stocks, helping to support the market as it again challenges record highs.
Consumer stocks are set to gain from big money streaming into the economy.   ....

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'Savage blow': Coal companies hit back over banks' flight from fossil fuels


‘Savage blow’: Coal companies hit back over banks’ flight from fossil fuels
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By Anne Hyland
May 15, 2021
Large Australian banks, superannuation funds and insurance companies are adopting a view that coal, the dirtiest fossil fuel, should eventually be retired as an energy source.
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The politics around coal is treacherous. In the Upper Hunter of New South Wales, a state by-election that could further weaken the ability of Premier Gladys Berejiklian to govern, has become the latest battleground over the future of coal, and the risk to thousands of workers losing their way of life. ....

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Shane Oliver fund burnt by Boe Pahari fallout


Shane Oliver fund burnt by Boe Pahari fallout
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AMP Capital’s star employee, Shane Oliver, has been sideswiped by the cultural implosion surrounding former chief executive Boe Pahari after a flagship $200 million fund co-managed by the firm’s unofficial public face was downgraded amid the controversy.
The AMP Capital Dynamic Markets Fund, launched by Dr Oliver and run by prominent fund manager Nader Naemi, was downgraded by research house Lonsec in late February and slapped with an “investment grade” ranking, meaning it has “fewer competitive advantages than its peers”.
AMP Capital chief economist Shane Oliver.  
Dominic Lorrimer
The multi-asset fund was among a number of AMP products downgraded in recent months partly due to the self-inflicted corporate crisis at AMP Capital, including an ethical investment fund where investors have been told to rush for the door due to the threat of “forced selling” ....

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Australia can't afford not to protect investment in tertiary education

Australia can't afford not to protect investment in tertiary education
smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.

Michele Mossop , Joe Armao , Mitchell Institute , ஓஹோ அர்மோ , மிட்செல் நிறுவனம் ,

Pardoo Beef made big political donations as it sought Kimberley clearing permits

Pardoo Beef made big political donations as it sought Kimberley clearing permits
smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.

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