Flight Centre trims guidance. Treasurer announces “faster, stronger” draft merger reform legislation. Perpetual hit by $9bn outflows. Telix slumps on bonds, regulatory updates. ASIC concerned over private market pump-up.
Tech sector leads ASX turnaround. Woodside reveals subdued quarter, upped Scarborough cost. Lynas suffers low output, falling prices. Warehouse NZ confirms Adamantem bid.
The sharemarket has closed in the red for a third day, hurt by US losses and profit fears. Woodside snaps up Tellurian. NZ retail chain The Warehouse buyout potentially on horizon. Iress jumps on updated guidance. South32 smashed on $500m-plus impairment.
Domino’s Pizza sinks on store closures. SkyCity to close NZ casino for five days, lose $NZ5m in deal. Telix falls despite guidance upgrade. Unemployment rate rises to 4.1pc. RBA should ‘rip band-aid off’ and hike rates: VanEck.
CBA’s new intraday record: $131.70. Glencore ‘monitoring’ WA nickel operations as Lynas, Alliance Aviation assess ripple impact of BHP suspension. ACCC sifts through Brookfield’s $10bn Neoen play. Turmoil on board at Rex Airlines. Cettire jumps.
BHP suspends nickel operations, citing global oversupply. Telix Pharma lifts on US payment changes. CBA breaks record price. Insignia boss overhauls executive ranks. White knight found for HS Fresh Food. Synlait soars as China rescue plan sails through.
Incitec’s $900m buyback after Indonesian takeover fails. Insignia down after dismissing private equity interest speculation. China inflation tepid amid lacklustre demand. Reserve Bank of NZ holds cash rate, sees inflation back to target by December.
Australia’s sharemarket rebounds strongly on light volume as US futures add to slightly positive offshore leads, Telstra surprises with hefty price increases and banks soar with CBA hitting a record high.
A report into the response from Victorian electricity distributors following February’s severe wind storm has laid the groundwork for regulatory change, with AusNet singled out.
May retail sales, building approvals higher than expected. ACCC’s interim nod to Armaguard save. Booktopia enters administration. AusSuper’s ‘solid’ returns. APA flags $145m Qenos hit.
Original URL: https://www.theaustralian.com.au/author/joseph-carbone/page/19