Latest news with #JeremyPiper
Courier-Mail
2 days ago
- Business
- Courier-Mail
Cost of living kills the pub shout
Don't miss out on the headlines from Costs. Followed categories will be added to My News. The humble pub shout is tipped to be a thing of the past as younger Australians shy away from it thanks to the help of a simple technology. Australians are using QR codes as a way of individually ordering drinks at the table, ending the classic pub shout, research released by payments platform Tyro shows. The QR code that came in post Covid has changed the way people buy drinks. Picture: NewsWire / Jeremy Piper Tyro chief executive Jon Davey said the pub shout may become a thing of the past, as younger Aussies are quick to adapt to new ways of payment. 'Both (millennials and Gen Z) are more accustomed with modern ways of paying – these consumers are now used to paying individually at the table while they socialise rather than relying on one person to order for the whole group at a crowded bar,' he said. According to the findings, millennials are the least likely to buy a friend a drink, with 42 per cent opting against that tradition, followed by Gen Z and Gen X. Baby boomers are the most likely to shout a friend, but still one in three use QR codes as a way to avoid buying drinks. The report also highlights cost-of-living pressures are clearly having an impact on Australians' spending patterns, with nearly one in two Aussies changing their alcohol consumption due to costs, while one in 10 have quit the drink altogether. Beyond drinking, more than half are now comparing prices, delaying non-essential purchases or hunting for discounts. Not only are millennials the least likely to buy a drink for their friends, they are also the most annoyed at having to pay a holiday surcharge. Australians say QR codes are making it easier to avoid a shout. Picture: NewsWire / Christian Gilles, Gen Z and baby boomers represent more than 50 per cent of those willing to pay holiday surcharges to keep their local open, but only 19 per cent of millennials are happy to pay extra. The Agrestic Grocer and Cafe owner Beau Baddock said these charges were essential for business. 'Holiday surcharging isn't about making a profit, it's about ensuring I can pay my hardworking staff their wages … I also want to provide visitors and locals with somewhere to go. If we don't on-charge our extra wage costs, we'd have to close,' Mr Baddock said. Originally published as Cost of living and tech combine to end classic pub tradition
Perth Now
2 days ago
- Business
- Perth Now
The pub tradition cost of living killed
The humble pub shout is tipped to be a thing of the past as younger Australians shy away from it thanks to the help of a simple technology. Australians are using QR codes as a way of individually ordering drinks at the table, ending the classic pub shout, research released by payments platform Tyro shows. The QR code that came in post Covid has changed the way people buy drinks. NewsWire / Jeremy Piper Credit: News Corp Australia Tyro chief executive Jon Davey said the pub shout may become a thing of the past, as younger Aussies are quick to adapt to new ways of payment. 'Both (millennials and Gen Z) are more accustomed with modern ways of paying – these consumers are now used to paying individually at the table while they socialise rather than relying on one person to order for the whole group at a crowded bar,' he said. According to the findings, millennials are the least likely to buy a friend a drink, with 42 per cent opting against that tradition, followed by Gen Z and Gen X. Baby boomers are the most likely to shout a friend, but still one in three use QR codes as a way to avoid buying drinks. The report also highlights cost-of-living pressures are clearly having an impact on Australians' spending patterns, with nearly one in two Aussies changing their alcohol consumption due to costs, while one in 10 have quit the drink altogether. Beyond drinking, more than half are now comparing prices, delaying non-essential purchases or hunting for discounts. Not only are millennials the least likely to buy a drink for their friends, they are also the most annoyed at having to pay a holiday surcharge. Australians say QR codes are making it easier to avoid a shout. NewsWire / Christian Gilles, Credit: News Corp Australia Gen Z and baby boomers represent more than 50 per cent of those willing to pay holiday surcharges to keep their local open, but only 19 per cent of millennials are happy to pay extra. The Agrestic Grocer and Cafe owner Beau Baddock said these charges were essential for business. 'Holiday surcharging isn't about making a profit, it's about ensuring I can pay my hardworking staff their wages … I also want to provide visitors and locals with somewhere to go. If we don't on-charge our extra wage costs, we'd have to close,' Mr Baddock said.
Perth Now
3 days ago
- Automotive
- Perth Now
Major change to speed cameras in one state
Drivers across one Aussie state will be forced to exercise further caution while driving on two major stretches of highway after state-government approved changes to speed camera functions come into effect on Tuesday. The NSW Minns Labor Government announced on Monday both light and heavy vehicles would receive penalties for speeding at two sites on two major NSW highways as part of a trial which has expanded the ability for standard traffic cameras to ping speeding light vehicles for the first time. Standard speed cameras will now be able to penalise light vehicle drivers for the first time in state history. NCA NewsWire / Jeremy Piper Credit: News Corp Australia Until recently, 'average speed' cameras have only been used in NSW to detect the speeds of heavy vehicles like buses and semi-trailers, but this will expand on Tuesday to fall in line with the procedures of every other state and territory and include small vehicles like cars and bikes. The trial cameras are located on the Pacific and Hume highways in regional NSW, which disproportionately bears two thirds of the state road toll despite being home to a third of the population. Trial sites for average speed cameras have been set up on the Pacific and Hume Highways. Both sites extend capabilities for speed cameras to detect speeds of both heavy and light vehicles. NSW Government Credit: Supplied In the first week of the two month 'warning period' in which drivers would be formally cautioned rather than fined, one in every 122 cars and motorbikes were detected speeding on the Pacific and Hume Highways. Drivers were still fined occasionally during this period, but only if they were caught exceeding the speed limit by over 30km/hr. By the end of the seventh week, there was a notable increase in improved behaviour, with recorded speeding light vehicles dropping to one in every 235 on the Pacific Highway and one in every 194 on the Hume. Standard highway speed cameras in NSW have historically only penalised heavy vehicles for road misconduct. NCA NewsWire / Jeremy Piper Credit: News Corp Australia Minister for Roads and Regional Transport Jenny Aitchison said the severity of the road toll has been – and remains – a major point of focus for the Minns Labor Government. 'Speeding contributes to around 42 per cent of road fatalities every year and so far this year, speeding has contributed to 33 per cent of all road fatalities. That's 59 lives lost due to dangerous driving, just this year,' Ms Aitchison said. NSW Roads Minister Jenny Aitchison speaks during Question Time at New South Wales Parliament House, in Sydney. NewsWire/ Gaye Gerard Credit: News Corp Australia 'Last year we committed to investigate ways to lower road trauma at our Road Safety Forum, including trialling the use of average speed cameras for light vehicles.' 'NSW is the only jurisdiction that has limited the use of average speed cameras to heavy vehicles, creating confusion across border communities and establishing a different standard for drivers.' The trial will continue for another 12 months, and all drivers caught speeding at the test locations will receive penalties during that period. Transport NSW keeps a running tally of annual road fatalities, which as of June 30 2025 is 182 – almost 30 more than the same time last year.
Perth Now
20-06-2025
- Business
- Perth Now
Banks, miners drag ASX lower
Gains in the healthcare sector were offset by falls in the big four banks and major miners, with the local market falling for its fourth consecutive trading day on Friday. The ASX 200 dropped 18.20 points or 0.21 per cent to 8,505.50 on a quiet day of trading. The broader All Ordinaries slipped 17.90 points or 0.20 per cent to 8,723.50. Australia's dollar traded down against the US dollar and is now buying 64.83 US cents. Five of the 11 sectors rose but falls in banks and mining shares dragged the market lower. NewsWire / Jeremy Piper Credit: News Corp Australia On a mixed day for investors, strong gains out of the utilities and healthcare sectors were offset by falls from the big banks and miners. CSL shares jumped 0.63 per cent to $240.21, Pro Medicus gained 1 per cent to $276.81 and ResMed added 1.40 per cent to $39.16 on a strong day for the healthcare sector. Commonwealth Bank fell from a record high close on Thursday, down 0.2 per cent to $182.53. National Australia Bank slipped 0.5 per cent to $38.91, while Westpac came off 1.1 per cent to $33.21 and ANZ dropped to 2.5 per cent to $28.39. It was a mixed day for the big miners, with BHP eking out a small gain up 0.22 per cent to $36.21, while Rio Tinto fell 1.33 per cent to $102.17 and Fortescue dropped 0.54 per cent to $14.69. Overall five of the 11 sectors closed higher despite the market falling. On a reversal of trade in recent days, the price of oil and gold fell after the White House said US President Donald Trump would decide on strikes on Iran 'within the next two weeks' alleviating fears of an immediate escalation in the Middle East crisis. The price of crude oil futures fell 2.9 per cent to $US76.50 a barrel on the news, while gold futures also dropped 1.4 per cent to $US3,362 an ounce. Healthcare shares are on the rise on an overall weak day of trading: NewsWire / Christian Gilles Credit: News Corp Australia AMP head of investment strategy and chief economist Shane Oliver said stocks remained at 'high risk' of a pullback as markets grappled with multiple economic concerns. 'Global and Australian shares have seen a strong rebound from their April lows – but they remain at high risk of a sharp near term pull back as the risk of an oil supply disruption flowing from the war with Iran is high and Trump's tariff threat is far from resolved,' he said. 'On the tariff front it is notable that the 9th July tariff deadline is rapidly approaching and no deals have been struck beyond that with the UK, with indications that some countries may end up with tariffs well above 10 per cent.' In company news, Pointsbet Holdings announced a temporary pause in trading. It comes as rival sports wagering company Betr announced a renewed takeover bid in what it is calling a superior proposal for Pointsbet compared to Japanese gaming giant Mixi. Web Travel shares are in the red down 0.44 per cent to $4.50 after announcing former Virgin Australia chief executive Paul Scurrah and JB Hi Fi director Melanie Wilson would be joining the board as independent non-executive directors.
Perth Now
19-06-2025
- Business
- Perth Now
CBA soars, BHP falls in mixed day on ASX
Commonwealth Bank closed at a record high on Thursday, but it was not enough to lift the broader market as weaker than expected job figures and fears of the possibility the US would strike Iran weighed on the local market. The ASX 200 closed marginally lower for the third straight day down 7.50 points or 0.09 per cent to 8,523.70. The broader All Ordinaries also finished down on Thursday, dropping 16.50 points or 0.19 per cent to 8,741.40. Australia's dollar slumped 0.66 per cent against the US dollar and is now buying 64.64 US cents. On a mixed day of trading the ASX fell despite the banking sector soaring NewsWire / Jeremy Piper Credit: News Corp Australia Seven of the 11 sectors were lower with large falls in materials, information technology and utilities offsetting strong gains out of the financials and consumer discretionary sectors. Shares in Australia's largest lender CBA soared during early trading as high as $183.23 before settling at $182.85. This beat the previous record close of $182. NAB shares also finished heavily in the green up 1.06 per cent to $39.12, Westpac soared 1.73 per cent to $33.59 and ANZ jumped 0.31 per cent to $29.13. Offsetting a bounce in the financials were falls in the materials sector. BHP slumped 1.98 per cent to $36.13, Rio Tinto sank 2.31 per cent to $103.55 and Fortescue decreased 1.73 per cent to $14.77. Gold miners also slipped after a strong run with Northern Star Resources falling 0.97 per cent to $20.38 and Evolution Mining plunged 4.54 per cent to $7.78. The market seesawed throughout Thursday's trading and was up slightly before the announcement of Australia's job figures. The market slipped on unexpected job figures. NewsWire / Damian Shaw Credit: News Corp Australia In a surprise to the market, 2500 fewer Australians were employed in May compared to April. Betashare chief economist David Bassanese said Thursday's employment data was no smoking gun for a rate cut. 'My base case remains that the RBA will hold fire on rates until the release of the June quarter CPI in late July,' he said. 'If the result confirms a continued decline in trimmed mean inflation to 2.6 per cent in line with RBA expectations, the RBA will likely cut policy rate by 0.25 per cent in August – so households may just need to wait another few weeks for further mortgage relief.' The market also traded lower on fears as to whether the US would strike Iran, a move that Tehran warns would lead to retaliation on US interests in the area. 'I may do it, I may not do it,' US President Donald Trump told reporters outside the White House. 'I mean, nobody knows what I'm going to do.' In company news fashion retailer KMD Brands which owns Kathmandu and Rip Curl fell 3.77 per cent to $0.26 after telling the market warmer autumn weather had a negative impact on sales. WiseTech Global shares also fell 1.87 per cent to $106.89 on the back of news directors Charles Gibbon and Michael Gregg would leave the board.
