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Speaker 1: It's Thursday, the thirteenth of June twenty twenty four. Welcome

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Speaker 1: to the Fast five Business News by Fear and Greed,

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Speaker 1: where we give you the top five business stories you

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Speaker 1: need to know in just five minutes. Are Michael Thompson

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Speaker 1: and good morning.

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Speaker 2: Sean Aylmer, Good morning Michael Shaw.

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Speaker 1: And we are five big stories to race through in

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Speaker 1: five minutes, so we better get going. Story number one

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Speaker 1: shareholders have agreed to Irish Group crh's purchase of Adbry,

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Speaker 1: meaning the company will disappear from the ASX now. This

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Speaker 1: adds to what is a growing list of companies more

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Speaker 1: than thirty now to have disappeared from the local BOSS

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Speaker 1: this year alone.

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Speaker 2: By my count, there are thirty two companies that have

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Speaker 2: delisted this year. They may not be large, but there's

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Speaker 2: a lot of them. They include companies like av Z Minerals,

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Speaker 2: Link Administration, bo Art, Long Year, Black Mountain Energy, Whisper,

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Speaker 2: Coster Group, Carbon Minerals, cezel Olcom. In recent years there

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Speaker 2: have been very large companies disappearing from the exchange. Thinks

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Speaker 2: the Airport Corporation after pay Oz Minerals to name a

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Speaker 2: few new crests. Another though it's acquirer Newmont Resources has

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Speaker 2: a secondary listing on the AX. The scary thing is

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Speaker 2: that there are just very few new companies coming along

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Speaker 2: to take their place, just forty five IPOs last year

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Speaker 2: compared to the long run average of about one hundred

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Speaker 2: and twenty. The Goozman E Gomez float scheduled for later

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Speaker 2: this month is an IPO, but generally the cupboard is bare. Anyway,

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Speaker 2: back to Adbrye, more than ninety seven percent of proxy

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Speaker 2: votes were cast in favor of these CRCH buyout and

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Speaker 2: the company formerly known as Adelaide Brighton, with the history

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Speaker 2: in the Australian building industry dating back to eighteen eighty one,

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Speaker 2: is now Irish owned Sean Why aren't.

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Speaker 1: We seeing big companies list in Australia? And I suppose

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Speaker 1: that the next question is are there any out there

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Speaker 1: that might list and kind of give a bit of

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Speaker 1: oomph to the market.

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Speaker 2: The ob year's float for the Australian market is can

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Speaker 2: for the online graphic Design group, valued at around forty

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Speaker 2: billion dollars. The group begin in Perth. It's expected to

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Speaker 2: hit the market next year, but it will be in

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Speaker 2: the US, mostly because the of capital run much much

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Speaker 2: deeper than in Australia. Listing on nasdak if you can

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Speaker 2: is much more attractive than Australia. Yesterday found a Cliff

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Speaker 2: Obrick was at the Morgan Stanley Australia Sabbath. He basically

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Speaker 2: sold can but the whole speech Life three sixty, the

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Speaker 2: online tracking business listed here. Last week. It debuted on

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Speaker 2: Nasdaq in an eft to lift its profile over there.

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Speaker 2: Occasionally a mid size cap buy something that makes it

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Speaker 2: big here, like Sigma's buying Chemist Warehouse, for example. But

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Speaker 2: in short, big companies don't list on the AX unless

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Speaker 2: their business is very locally focused, and that hasn't happened

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Speaker 2: for a long while.

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Speaker 1: All right on de story number two now, Trade Minister

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Speaker 1: Don Farrell so the local winemakers have sold eighty six

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Speaker 1: million dollars of stock to Chinese consumers since April, when

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Speaker 1: Beijing dropped its punitive tariffs on ossie exports.

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Speaker 2: He was speaking at a winery in South Australia's McLaren Vale,

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Speaker 2: which was particularly apped because this weekend Chinese Premier League

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Speaker 2: Chung is due to visit Australia, beginning in Adelaid and

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Speaker 2: commencing with lunch at a Winery with the Prime Minister

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Speaker 2: Anthony Alberanesi, Foreign Minister Penny Wong and mister Farrell. It

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Speaker 2: signifies further easing and relations between Beijing and Canberra, which

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Speaker 2: have improved since the election of the Labor government. Meanwhile,

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Speaker 2: a poll shows that thirty five percent of Australians will

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Speaker 2: factor in Australia's China policy when they vote at the

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Speaker 2: next election. That's according to the Australia China Relations Institute

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Speaker 2: and Center for Business Intelligence and Data Analytics at the

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Speaker 2: University of Technology.

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Speaker 1: Sean story number three, The Mining and Energy Union has

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Speaker 1: filed same job, same pay applications against BHP's labor higher firms.

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Speaker 1: This is the first time the alb and Easy government's

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Speaker 1: new laws will be significantly tested.

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Speaker 2: This is a big one, it sure is. The application

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Speaker 2: seek to lift the pay about seventeen hundred workers by

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Speaker 2: between ten thousand and forty thousand dollars a year. BHP

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Speaker 2: last year said the new laws would cost the company

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Speaker 2: Nextra one point three billion dollars a year, equivalent to

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Speaker 2: five thousand full time workers. The workers are employed across

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Speaker 2: three open cup mines and paid by three companies, workpack Channel,

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Speaker 2: the Cloud and operates services, which is actually about HP subsidiary.

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Speaker 2: The cases are complex because you have to compare workers

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Speaker 2: on the basis of skills, rosters pay, including bonuses that

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Speaker 2: type of stuff. MEU Queensland president mitchewes that it was

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Speaker 2: important to address what he called BHP's labor higher wrought

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Speaker 2: given it's the biggest player in the coal industry, and

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Speaker 2: the application is a major step forward towards changing the model.

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Speaker 1: Story number four. The number of job ads over the

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Speaker 1: past year have fallen by about eighteen percent as the

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Speaker 1: slowdown really hits the economy.

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Speaker 2: Online employment companies seek says national job ads for zero

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Speaker 2: point six percent in May seventeen point nine percent over

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Speaker 2: the past year. The number of applicants per job has

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Speaker 2: also increased. The areas where job ads are fall the

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Speaker 2: most include hospitality and tourism, manufacturing and transport and logistics.

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Speaker 2: The flip side, healthcare and medical and education and training

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Speaker 2: job ads have risen. New South Wales had the sharpest decline,

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Speaker 2: followed by Queensland and Victoria. Of course, this all comes

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Speaker 2: ahead of today's May unemployment figures.

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Speaker 1: Sean last one. Story number five Apples and veiling of

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Speaker 1: its artificial intelligence offering for smartphones, including a new version

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Speaker 1: of Siri, has sent its share price up seven percent,

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Speaker 1: pushing its market capitalization back above three trillion US dollars,

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Speaker 1: now threatening to overtake Microsoft as Wall Street's biggest company.

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Speaker 2: Between them, the three big tech titans Microsoft, Apple, and

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Speaker 2: chip Maker and VideA are worth more than nine trillion

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Speaker 2: US dollars. That's about fourteen trillion ozsie dollars. It's about

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Speaker 2: the equivalent of the local residential property market, all of it,

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Speaker 2: plus all the money invested in superannuation. Last weekend, Video

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Speaker 2: had become the second largest tech company over Apple. This week,

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Speaker 2: appleport back in the battle of the tech company's. Microsoft

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Speaker 2: now has a market cap of three point two two

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Speaker 2: trillion US dollars, Apples at three point one eight trillion dollars,

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Speaker 2: and Videos at two point ninety seven trillion US dollars.

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Speaker 2: They comprise more than twenty percent of the S and

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Speaker 2: P five hundred, which, as the name suggests, has five

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Speaker 2: hundred stocks. Clearly, the rumors of big text demise have

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Speaker 2: not eventuated.

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Speaker 1: Yeah, it's a pretty credible story that one. There we

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Speaker 1: go the top five business stories in five minutes. Thank

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Speaker 1: you Sean, Thank you Michael. It is Thursday, the thirteenth

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Speaker 1: of June twenty twenty four. Remember to hit follow on

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Speaker 1: the podcast, and if five minutes isn't enough, you can

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Speaker 1: find our longer daily show called Fear and Greed wherever

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Speaker 1: you listen to podcasts. I'm Michael Thompson and that was

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Speaker 1: the Fast five Business News by Fear and Greed. Had

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Speaker 1: a great day,