Fortescue leads mining losses. Banks continue to sink. Goodman down on equity raising. Megaport top gainer as Telstra, Wesfarmers also lift. Rescue package for SA steel plant. Jobs rise more than expected.
Telstra says its heavy investment in the Australian network is paying off, as the telco announces massive payouts to shareholders.
The price of gold is surging as billions of dollars worth of bars fly across the Atlantic – and this underground vault in London is at the centre of a wild conspiracy.
The ASX’s weekly woes continued on Wednesday, as a big four bank and a major miner dragged the market heavily into the red.
SA govt puts Whyalla Steelworks into administration. NAB shares slumps as margin strain dents earnings. MinRes tanks on massive loss. Santos results disappoint. WA rich lister sells $8.5bn Rio stake. MinRes’ big loss triggers double-digit dive. Profitable Goodman taps investors for $4bn.
A slump in the big banks and energy stocks pushed the Aussie market into the red on Tuesday, as the RBA struck a note of caution following its long-awaited rate cut.
Reserve Bank cuts rates 25 basis points, takes official cash rate to 4.1 per cent. First cut in more than four years. NAB, Westpac, CBA and ANZ lower home loan rates. Qatar-Virgin deal gets ACCC nod. Gold to outshine $US3000: UBS, Goldman.
Cult online beauty retailer Adore Beauty is riding a lift in revenues as it begins rolling out a bold plan to open more than 25 brick-and-mortar stores across Australia.
Margin pressures dent Westpac, Bendigo Bank earnings. BlueScope, A2 Milk lift on results beat. Star investors buoyed by new financing offer from Oaktree. Audinate leaps as cost controls improve earnings.
Australia’s sharemarket continued its rally higher on Friday as traders factored in a more reserved Donald Trump on US tariffs.
David Di Pilla-led HMC eyes Brookfield-owned hospitals operator. Cochlear falls on trimmed guidance. Dividend disappointment weighs on AMP. GFG Alliance puts NSW coal mine on the block in debt plan. Mirvac soars on return to profit.
Sigma gains as $300m worth of shares change hands. Alliance Aviation’s labour costs growing after first industrial action in two decades. IAG top loser as investors miss buyback. Temple & Webster top gainer. ‘Cleaner result’ sees ASX Ltd soar.
CBA and Computershare hit records. Woolworths cutting jobs. AGL narrows guidance after profit fall. Suncorp’s March cash windfall, buyback promise. Star ex-boss: Casino ‘run in clean and legal’ way. BHP appoints new chairman. US CPI data next equity markets trigger.
CBA has announced an eye-watering half-yearly profit despite citing cost-of-living concerns for customers.
Original URL: https://www.dailytelegraph.com.au/business/markets