Deutsche Bank is bullish on Woodside, as energy stocks lag oil rebound

Deutsche Bank is bullish on Woodside, as energy stocks lag oil rebound

As the Organisation of Petroleum Exporting Countries appears poised to extend production cuts into 2018, the equity strategists at Deutsche Bank have highlighted the opportunities that exist in the Australian energy sector, which despite above-market earnings per share growth has not yet seen major benefits from OPEC’s attempts to reduce the global oil glut. As oil prices began to plunge in 2015, ASX energy stocks were dragged sharply lower. The price of brent oil has since doubled from its $US26.21 a barrel low in February 2016, trading at $US51.69 a…

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$50m private hospital and 500 jobs planned for Orange

$50m private hospital and 500 jobs planned for Orange

Posted May 24, 2017 18:18:48 Photo: Plans for the $50 million Bloomfield Medical Centre in Orange, which is expected to create 500 jobs. (Supplied) Plans to build a $50 million medical precinct have been unveiled, with the six-story private hospital also set to include a mini-motel, providing up to 500 jobs. Plans were unveiled on Wednesday to build the Bloomfield Medical Centre at the site of a former drive-in, opposite the city’s public hospital, the Orange Health Service. Zauner Construction and James Richmark Pty Limited will jointly develop the facility,…

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Most Aussies gamble every week

Most Aussies gamble every week

A MAJORITY of Australians gamble every week and are blowing thousands of dollars a year in the hope of winning cash, alarming new statistics have revealed. Experts have blamed the boom in online betting agencies behind 60 per cent of Aussies gambling weekly — one in five admit they regularly engage in online gambling. Buying lottery tickets is the most prevalent form of gambling (52 per cent), followed by pokies (20 per cent), horse racing (19 per cent), online betting on sporting matches (18 per cent) and gambling at the…

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Ardent Leisure considers developing part of Dreamworld precinct

Ardent Leisure considers developing part of Dreamworld precinct

Ardent Leisure will consider the possibility of developing land surrounding Dreamworld as profits slump in the wake of the tragedy that claimed four lives at the Gold Coast theme park last year. The company announced on Wednesday morning it had begun the process of reviewing its 2015 Master Plan for its Dreamworld precinct, which it stated was located on “prime real estate”. A review has commenced into the Dreamworld precinct on the Gold Coast. Photo: Getty ImagesThe precinct covers approximately 60 hectares, of which the theme park takes up about 35 hectares. The remaining…

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Home downsizing scheme could leave some retirees worse off: Accountant

Home downsizing scheme could leave some retirees worse off: Accountant

Updated May 23, 2017 17:31:11 Many lower-wealth retirees would be left worse off if they take up the Government’s proposed new scheme to help them downsize their home. Key points: Retirees eligible for a part-pension likely to be worse off if they downsize under scheme Pensioners lose $78 per year for every extra $1,000 in assets, meaning they would need to get a 7.8pc per annum return Retirees who already have too much in asset value to get the pension will benefit from being able to boost tax-free super The…

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