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Just incase you didn’t need another remake of your favourite childhood series.

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Good morning. Just in case you didn’t need another remake of your favourite childhood series, a new tv show is about to come to life again.


The “long-awaited” first trailer for the a Harry Potter remake just dropped. It’s going to have an all-new cast and a season-per-book format.


HBO reckons it’ll stay closer to J.K. Rowling’s original books but we’ll have to wait and see if it delivers.


All the headlines and more below...

383,000 AUSSIES HAVE DUMPED THEIR GOLD HEALTH COVER SINCE 2020


From April 1, premiums rise another 4.4% on average, the largest annual hike in almost a decade.


Gold cover has fallen from 40% of the health insurance market to 29% in 5 years with some insurers considering dropping gold products altogether.


As healthier, cost-conscious members downgrade to silver or bronze, the people left in gold are sicker and claim more. Claims intensity rises. Premiums rise to match. More people leave. The loop tightens. A single cardiac admission under gold cover last year cost $981,000.


The pool of people funding those claims is shrinking every quarter especially now that top-tier family cover now costs up to $17,000 a year.

AUSTRALIAN NEWS

  • The federal government is under pressure to invoke never-used emergency powers as more than 400 petrol stations remain dry and diesel surpasses $3 in every capital city except Darwin. LINK

  • Australian farmers warn consumers could face at least 1 year of higher food prices as the war on Iran disrupts global supply chains. LINK

  • A Shell-branded Viva service station on Sydney’s Northern Beaches has capped fuel purchases at 50 litres per vehicle as fuel supply restrictions spread into major cities. LINK 

ALDI IS $15 CHEAPER THAN WOOLIES AND COLES FOR THE SAME BASKET

Source: CHOICE

Aldi has been named the cheapest supermarket again. The same basket of 17 items cost $75.98 at Aldi, $90.08 at Woolworths, $90.90 at Coles and $101.84 at IGA. The order didn't change when specials were included.


The price gap between Aldi and the big two is sitting at roughly 17%. For a family shopping weekly, that's around $3,000 a year.


Aldi says 69% of its range is now priced under $5 and 40% under $3, with permanent reductions applied to nearly 1 in 5 products over the past year. The model is the same as it's always been with smaller stores, 1,800 products instead of 25,000, no loyalty scheme, fewer staff.


Meanwhile Costco is quietly becoming more profitable than Aldi in Australia despite having only 15 warehouses, pulling in $499 million in profit on $12.6 billion in sales.


New laws banning excessive grocery pricing take effect July 1 and only apply to retailers with revenue above $30 billion. That means Coles and Woolworths. Not Aldi.

COMPANY NEWS

  • ABC used BBC content and repeats to replace key news broadcasts following the 24-hour strike of a third of its staff after rejecting a 10% rise over 3 years and a $1,000 bonus. LINK 

  • Soul Patts has posted a 604% jump in 1H FY26 net profit to $2.3B as its merger with Brickworks and asset sales lifted returns, with an interim dividend up 9.1%. LINK

  • Westpac has confirmed its $3.5B Unite technology project remains on track as it begins migrating corporate customers from St George, BankSA and Bank of Melbourne. LINK

  • Lorna Jane has achieved a double-digit sales rise in the year to June 30 as Australian shoppers support local brands and store refurbishments boost performance. LINK 

  • 4DMedical has sparked strong investor interest as its flagship CT:VQ lung imaging technology is now in use at the Mayo Clinic in the US. LINK

SALARY VAULT BETA (OPEN FOR FEEDBACK)


You wouldn't accept a job without Googling the company. So why accept a salary without benchmarking it?


Salary Vault is our community-driven tool built on real, anonymous salary data from Australian professionals. Consulting, banking, law, tech - all live. Submit yours and see how you stack up.


Submit yours. See where you sit. It takes 2 minutes.

ONE MORE SCROLL

Editor’s Pick: Always eat these 7 fruits and veggies with the skin on.

Draft Pick: â€˜Worst storm ever seen’: Freak downpour takes out power at Brookvale.

Odd Pick: These are the best airlines for long-haul flights, according to a new study.

TRIVIA


Which four-letter word can go BEFORE "age", "bridge" and "hill" to make three other words?


Answer below

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ANSWER

Foot

Footage
Footbridge
Foothill


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