Jun 26, 2017 Last Updated 10:15 AM, Jun 26, 2017

New Entry From the Editor :

Glencore hits back with second counter offer for Rio Tinto’s Hunter Valley coal asset

Glencore hits back with second…

AusBN - Glencore has come in with a second counter offer of US$2.675 billio...

Qantas pursuing growth in China but keeping eyes on global markets

Qantas pursuing growth in Chin…

AusBN - Qantas is looking to expand its share of the growing Chinese travel...

Bega Cheese launches $160m capital raise

Bega Cheese launches $160m cap…

AusBN - Bega Cheese is opening a AUS$160 million capital raising in order t...

Qantas to introduce more NZ flights

AusBN – Qantas has announced that it will introduce an extra 21 return flights across the Tasman during the school holiday period.

During the school holiday peak between July 3 and 19 six more return flights between Sydney and Auckland will run.

Four return services from Brisbane to Auckland and Queensland will also run on 4, 11, 12, 13 and 18 July.

Stephen Thompson, Qantas executive manager of International Sales, said: “New Zealand is a key market for Qantas.

“We now operate a more dynamic flying schedule across the Tasman, which means we can increase our flights when there’s demand and reduce them during quieter periods.”

@AusBNOnline

Qantas shares soar as fuel prices fall

AusBN – Following the recent fall in fuel prices Qantas shares have soared to the highest they have been since September 2008.

The airlines executive Alan Joyce said that he believed this price will continue to grow as fuel costs fall and savings kick in.

Stock rose by more than 9.5% to A$3.60 per share after Joyce announced that the company’s fuel bill would be almost $550 million less than its previous predictions.

This is a 20% reduction from the airlines $3.95 billion fuel bill last year.

@AusBNOnline

Sydney gains first Aloft-branded hotel

AusBN – Sydney’s first Aloft-branded hotel is due to open in November 2016 on Pitt Street.

The iconic Druids House building is currently being transformed into an upmarket hotel with 136 rooms.

Each room will be fitted with 42-inch HDTVs and wireless internet as well as plug-and-play connectivity to connect electronic devices such as smartphones and tablets.

The hotel also has a 24-hour gourmet food and beverage outlet and W XYZ bar that houses live music.

Smartphones and Apple Watches can be used as room keys at the hotel.

It is perfectly located in the heart of Koreatown, surrounded by shops, restaurant and entertainment.

The hotel is also conveniently located near to Hyde Park and Pitt Street Mall.

@AusBNOnline

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