ASX up; Optus reboots; pay hit at Magellan
Telstra shares jump, Optus parent Singtel falls. First strike against Magellan. ACCC takes fresh swipe at Qantas. PwC cuts 338 jobs. James Hardie’s record earnings.
Markets
Premier threatens to walk away from Optus
One state’s premier has put the embattled telecommunications provider on notice its multimillion-dollar contracts with his government are at risk after Wednesday’s blackout.
Why petrol prices affect your mortgage
The Reserve Bank has slugged homeowners with another rate rise and a recent surge in petrol prices is partly to blame.
Aussies on new coke and meth binge: report
There’s good and bad news in the latest report on drug use in Australia, with one drug on the decline but others on the rise.
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Mega-rich Aussies spend $6.7b on homes
CEOs, young entrepreneurs and wealthy retirees are fighting it out in an elite part of the property market most of us could only dream about.
ASX at 8-day low, after financial year gains
ASX 200 has closed lower, down as much as 0.7%. Lendlease flags Covid hit. Iron ore, oil prices climbed.
ASX up 24% for financial year
ASX 200 was up 24% for the financial year, but only gained slightly at the close. Telstra fires, while AGL Energy weighed on the index.
ASX recovers from 5-day low
ASX recovers from 5-day low to close flat. Kathmandu shares hit. Banks bounce on buy Covid-related dips guidance.
Lockdowns force popular store’s doors shut
A major retailer has revealed a swath of its stores across Australia have been forced to shut doors because of the evolving coronavirus situation.
Who is eligible for NSW cash boost?
The NSW government has announced new measures aimed at assisting businesses impacted by the state’s lockdown.
ASX recovers, miners, banks, retailers gain
ASX ends flat, recovering from an early dip after BHP, Rio Tinto, CBA, Wesfarmers and Endeavour Drinks rose.
ASX gains 0.5% on US infrastructure deal
Australia’s shares shrugged off news of extended travel restrictions and a one week lockdown of four local government areas in Sydney, including the CBD and anyone who has worked there in the past 2 weeks.
ASX dips to two day low
Australia’s share market has hit a two day low amid lockdown jitters from a growing coronavirus cluster in Sydney.
ASX ends down 0.3% in choppy trading
Australia’s share market closed down 0.3% after a late bounce with banks and CSL continuing to drag on the market
Original URL: https://www.heraldsun.com.au/business/markets/page/196