Who gets these surveys consumers or businesses, i don't so how do i know if there correct?Ī great question from John, who wants to know who gets to be surveyed about consumer and business confidence? "Our balance sheet is now considerably stronger and the cost base of the business has significantly improved from recent years," said Virgin's CFO Race Strauss.Įarlier this year Bain Capital confirmed it is looking to relist Virgin Australia on the Australian Securities Exchange at some stage. Virgin Australia was purchased in 2020 for $3.5 billion by US private equity firm Bain Capital, after the airline was placed into voluntary administration. "By creating a systemically lower cost base and a conservative balance sheet as well as investing heavily in technology and our frontline, we are well positioned for the future," she said. Revenue more than doubled to $5 billion, after a strong increase in customer demand for travel, despite cost of living pressure.ĬEO Jayne Hrdlicka says it is 'an important milestone' for the airline. It compares to a loss of $565.5 million in 2022. Virgin Australia has reported a statutory net profit after tax of $129 million for the full year, its first profit in 11 years. "While we don't believe that industrial action is necessary, given we are seeking the assistance of the Fair Work Commission to resolve the small number of outstanding items between the parties, we will continue to take steps to maintain safe and reliable operations in the event of disruption to our facilities," said a Chevron Australia spokesperson. The union has given the company notice about plans for protected industrial action including work stoppages and partial work bans starting on 19 October. These include details about how travel and meal expenses are reimbursed and cabin sharing on the offshore platform.Ĭhevron says once it receives clarification from the Fair Work Commission, it will be able to finalise the Enterprise Agreements for employees to vote on. The company has asked Australia's industrial tribunal to help resolve a 'small number' of issues blocking a deal with unions at its two natural gas facilities in Western Australia. Origin Energy jumped after the competition watchdog authorised the $18.7 billion buyout by Brookfield and MidOcean.Ĭore Lithium stocks went up after Citi upgraded its rating to neutral.Įnergy giant Chevron says talks with unions are progressing, despite the threat of fresh strikes next week. Information technology was up 3% and telecommunications 2%. It follows a rally on Wall Street overnight, after comments from US Federal Reserve members that the recent surge in long-term Treasury yields may reduce the need for the central bank to raise its benchmark interest rate again.Īll sectors in the local sharemarket ended up higher, with utilities the best performing sector, gaining 4.2%. The broader All Ordinaries index also closed up 1% to 7,231 points. People are more cautious because they remember being ripped off." As a result, a lot of great music goes unheard, he says.The ASX 200 has closed up 1% to 7,040 points today, the biggest one-day gain since 15 September. Sleep That Burns is at its best when Dinda sings high against Magus' deep, haunting voice.ĭinda, a Brown University student, says the band is an attempt to discard old formulas and to perform music different from the "old slop you hear from every other band." Magus and drummer Brian Carpenter discovered Dinda, Voorhes and guitarist Steve Allegretto through a series of ads in a Providence newspaper in early 1987.īand members define their "new music" as the type of music heard on underground or college radio stations, "where music is not set to the eighth grade level, as most top 40 music is."Īccording to Magus, "the best music being written in this country right now is being written in the basements and attics." He says he feels that the pop scene is so impoverished artistically because "economic laws are ruling the market. While some of the band's songs are more danceable than others, the abrupt changes in style within each song would definitely lead to interesting dance interpretation by any audience. The band's two lead singers, Simon Magus and Dawn Dinda, improvise wildly amidst a flood of colored lights while bassist John Voorhes does Pete Townshend leaps in the background. The five-member band combines disjointed, provocative lyrics with a strong backing of jazzy rhythm. Nonetheless, Sleep That Burns, a Providence "new music" band, sang confidently about a variety of subjects: communists, conspiracies, cruel girlfriends, prisoners and American materialism, among others. FOR new bands, playing in Boston for the first time can be intimidating, particularly if your band takes part in one of the "Nu Musik Nights" at the Channel, a place which last Monday night had more speakers and amplifiers than people watching the show.
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