Brian Robins

EnergyAustralia writes down coal-gas project, loses power customers

Brian Robins Hard on the heels of Santos's decision to slash the value of its coal seam gas project in Narrabri in the north-west of NSW, its partner in the project, EnergyAustralia, has followed suit.

Ausdrill slashes dividend while flagging subdued outlook

Ausdrill said second half earnings will be little changed from the first half, with explorers and miners delaying all non-essential spending.

Brian Robins Despite heavy valuation losses and a forecast of no second half earnings uplift, contract driller Ausdrill has declared a 1c a share interim dividend, as it looks to fiscal 2016 for any earnings...

Trying times with Transpacific turnaround

Transpacific Industries reported half-year earnings.

Brian Robins It's a truism that effecting a business turnaround always takes longer than expected. And investors in Transpacific Industries are perhaps the living proof.

Origin Energy says slump in oil price will stem surging gas prices

Origin says it

Brian Robins The slump in the oil price will stem the surge in domestic gas prices, Origin Energy says, with the peak expected to be at lower levels than anticipated previously.

Origin avoids asset write-offs, maintains dividend

Origin Energy chief Grant King.

Brian Robins The rising tide of red ink in the energy sector has hit Origin Energy as it warned of cuts to spending if energy prices remain weak.

Electricity companies rorting the system, inquiry told

Brian Robins Electricity network operators have attempted to rort the system, a government inquiry has heard.

Toll takeover: Japan's great Australian takeaway

Toll will be the vehicle for Japan Post to pursue further global acquisitions.

Brian Robins It's the second time in a matter of months that Japanese buyers have stepped in to buy local assets as they look for growth.

Economy

A new RBA rate cut could spike property prices by 15%

Ultra-low interest rates would have an extreme impact on house prices, QIC has warned.

Brian Robins Residential property prices could spike by 15 per cent if the RBA is forced to cut rates to below 1.5 per cent, economists have warned.

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Energy

Australian Energy Regulator stresses 'consumer first' approach to power sector regulation

Australian Energy Regulator Chair Paula Conboy.

Brian Robins Newly installed boss of the energy regulator has made it clear that consumers must be at the forefront of the upcoming changes.

Electricity

Snowy Hydro hit with $400,000 fine for breaching rules

The regulator alleges Snowy Hydro has manipulated prices in the wholesale electricity market.

Brian Robins Snowy Hydro has been hit with a $400,000 fine for trading breaches in the wholesale electricity market, in a negotiated settlement.

Medical

Mesoblast refuses to rule out share raising

medical syringe

Brian Robins Regenerative medicine group Mesoblast has refused to rule out raising fresh funds from the sharemarket as it continues to burn about $25 million a quarter.

Health

Mayne Pharma surges on US expansion hopes

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Brian Robins Shares in Mayne Pharma surged following its suspension from trading earlier in the week as it raised funds from institutional investors to fund a series of acquisitions.

Resources

AGL looks to Bass Strait to fill looming gas shortage

AGL halts its CSG operations in Gloucester.

Brian Robins The Esso-BHP gas fields in Bass Strait are the largest potential provider of gas into the Australian east coast market.

Gas

AGL warns of sustained high gas prices in NSW

NSW could have domestic prices above the global LNG price, says AGL's outgoing chief executive Michael Fraser.

Brian Robins Energy utility AGL has warned that gas prices in NSW may end up higher than the global gas price as a result of demand continuing to run ahead of supplies, irrespective of the impact of any decline...

Deal

Mayne pays up for full control of acne treatment

The group is to acquire for $US50 million US marketing rights to its acne treatment Doryx along with two generic drugs it markets in the US for $US15.7 million.

Brian Robins Mayne Pharma's appetite for cash is showing no signs of slowing down, launching a $115 million raising as it moves to buy out its US marketing partner in a bid to restore a key acne treatment to its...

Resources

Axiom planning nickel production by year end

Mined nickel matte

Brian Robins Sumitomo and Axiom Mining's fight over a large nickel deposit in the Solomon Islands intend to launch initial exports by year end.

Resurgent US to help lift global growth

Domestically, lower commodity prices have weakened the economy, resulting in few businesses having any pricing power.

Brian Robins With the odds of the Reserve Bank cutting interest rates at its meeting Tuesday, Australian dollar weakness will see the central bank keep rates on hold, as it also seeks to keep its powder dry to...

Mining

Whitehaven planning more cost cuts ahead of market uplift

Whitehaven posted a net loss of $77.9 million for the December half, as the decline in the Australian dollar failed to offset ongoing weak coal prices.

Brian Robins Whitehaven Coal has flagged further cost reductions as it struggles to return to break even amid the sustained downturn in the coal market.

Economy

Surging gas prices to prompt switch to electricity

Gas consumers in NSW are already facing price hikes of an estimated 40 per cent in their gas bills.

Brian Robins To head off the impact of the "inevitable price shock" from surging domestic gas prices, the NSW government should help households and businesses to switch to electricity, away from using gas, the...

Shares

Lynas shareholders facing wipe-out on poor outlook

Lynas corp logo.

Brian Robins Shareholders in troubled rare earths producer Lynas Corp might be wiped out unless its weak cashflow improves, because it faces heavy loan repayments in the year ahead, UBS has warned.