ASX 200 ends flat as rate hike looms; Whitehaven responds; Tabcorp first strike; Magellan tanks
RBA Nov hike likely on inflation uptick. No interim Takeovers Panel orders as Whitehaven complains about Bell Rock's 'failure'. Protest vote against Tabcorp pay policy. Magellan falls on CEO's sudden exit.
Welcome to the Trading Day blog for Wednesday, October 25. The ASX 200 index closed flat, down just 0.04 per cent at 6854.30 points.
The Aussie dollar is near US63.82c.
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Originally published as ASX 200 ends flat as rate hike looms; Whitehaven responds; Tabcorp first strike; Magellan tanks
Updates
Coal slump sees electricity prices leap
Record electricity demand and a spate of coal outages that fell as NSW endured hot weather has sent the cost of producing electricity up more than 80 per cent and this threatens to increase bills.
TPG and Optus team up to end Telstra’s ‘bush tax’
TPG chief executive Iñaki Berroeta has declared the telco’s $1.6bn network sharing deal with Optus will double its network ‘overnight’.