COURT A full bench of the Federal Court will hear the AFL, NRL and Telstra's appeal against the Optus TV Now decision on March 14 and 15 in Sydney. The three appellants want Justice Steven Rares' decision overturned so that Optus cannot sell an internet-based television recording service to customers without breaching their copyright of televised sports events. Justices Paul Finn, Arthur Emmett and Annabelle Bennett will hear the case.
CUTS Building fixtures supplier GWA Group said it would cut more jobs and warned that already fragile demand could be squeezed by the banks jacking up mortgage rates this week. GWA Group yesterday reported a 60 per cent drop in first-half net product to $13.3 million from the prior corresponding six-month period to December 31, blaming the weak housing sector for the slump. The company said it had cut 7 per cent of its workforce since October and was expecting to shed a further 2 per cent of workers by the end of June this year.
TRUSTS Generation Healthcare REIT, now under the management of APN Property, will focus in new developments and expansion in the coming year as it consolidates its new branding. The $200 million fund was previously managed by ING but the management rights were sold late last year by the Dutch-based ING parent to APN Property. It is the only listed healthcare trust on the ASX and competes with the unlisted markets such as Australian Unity. The group owns, partially or wholly, a range of seven private hospitals in Victoria including the Epworth Hospitals in Clarendon Street and Victoria Parade.