Sanjeev Gupta’s GFG Alliance owed $500m from Whyalla collapse. Business investment unexpectedly falls in December quarter. Qantas rewards investors with dividend. Jobs to go as Oceania Glass Dandenong shuts.
January underlying inflation rise underscores RBA concerns. Richard White returns to WiseTech as executive chair with long-term plans. Woolworths flags $400m in cost savings by end-2025. Pointsbet soars on Betr’s $360m-plus bid.
Heavyweight banks, miners down. Johns Lyng’s ‘soft’ results, Domino’s loss trigger investor disappointment. Nine extends restructuring as CoStar circles Domain. Zip guidance beats estimates. WiseTech down. Woodside slams Federal delays.
Investors wipe around $7.54bn from WiseTech amid board woes with founder Richard White. Perpetual sinks KKR deal, hangs ‘for sale’ sign over wealth arm. Iress heavy loser despite swing to profit. Ampol slashes dividends. Underlying earnings up for APA.
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.
The local share market closed flat as CSL dives after its results, Macquarie jumps on its trading update, gold miners up as gold hit a record, SGH soars on strong results, Nine, Seven West Media up on positive signs for advertising. Australian carveout on Trump tariffs ‘under consideration’.
Steel, aluminum producers mixed after latest Trump tariff threat. Is JB Hi-Fi topping out? Car Group, JB Hi-Fi and WiseTech leading losses. In contrast, Star and Ansell find support.
Mineral Resources says it will be generating “significant cash” by the end of the year as it shrugged off concerns.
The sharemarket has jumped to a record high of 8515.7 points, amid positive leads from Wall Street after big tech reports and Reserve Bank rate cut hopes. DeepSeek will not derail Microsoft’s $US80bn AI investment this year. Zip and MinRes drop.
Original URL: https://www.theaustralian.com.au/author/lilly-vitorovich