Page 46 - Ausnet Services News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Federal tax cut to fast-track Ausnet grid projects Share AusNet Services, which operates electricity and gas distribution networks, will take advantage of tax breaks announced in Tuesday’s budget to bring forward projects in its core electricity and gas distribution network across Victoria. But the tight construction deadline to be eligible for the deductions means projects that Ausnet would seek to build on the Victorian government’s VicGrid priority list are unlikely to be completed before the June 2023 cut off. The Morrison government’s tax breaks were extended by a year in the budge...

Qantas Airways Limited (ASX:QAN) and Suncorp Group Ltd (ASX:SUN) shares are two of four sinking notably lower on Wednesday...

ASX dips 0.7pc amid regional sell-off over US inflation fears Save Share The Australian sharemarket tumbled for a second straight session, extending its fall away from its record high, as concerns over Wednesday’s pending US inflation report prompted a sell-off across regional markets. The S&P/ASX 200 Index dropped 52.1 points, or 0.7 per cent, to 7044.9, down 1.8 per cent from the record high it hit on Monday.   Japan’s TOPIX index dropped 1.3 per cent, Korea’s KOSPI dipped 1.6 per cent and New Zealand’s NZX 50 lost 0.6 per cent. “Despite the severity of the moves...

Jarden Brief: Volvo eyes IPO 12 May, 2021 08:33 PM 7 minutes to read The car company is tipped for a valuation in excess of US$20 billion. Photo / Getty Images The car company is tipped for a valuation in excess of US$20 billion. Photo / Getty Images NZ Herald Coming Up Today: The US will release Producer Price Index numbers and Initial Jobless Claims numbers. New Zealand incubated Fintech company, Xero, will release its full year earnings. Closer to home, Goodman Property and Tilt Renewables will also release their full year earnings. New Zealand: New Zealand equities trade...

8.67% FY21 earnings before interest, taxes, depreciation and amortisation after leases (EBITDAaL) was -3% below Morgan Stanley's estimate, owing to a non-recurring -$31m impairment of geospatial software. Regulated assets generated earnings (EBITDA) -2% below the broker's estimate, including around $18-20m of volume outperformance. Unregulated business (Growth & Future Networks) delivered EBITDAaL (includes lease income) -7% below the analyst's forecast on non-recurring items. Morgan Stanley retains an Equal-weight rating and a $1.88 target. Industry view: Cautious. FORECAST FY22 EPS of