BHP cuts dividend after profit fall. Coles earnings beat estimates. Woodside to walk ‘growth funding tightrope’. Guzman Y Gomez gains after profit beat. Johns Lyng dives on revenue miss. Lovisa trading update disappoints. CBA chief economist steps down.
The local sharemarket ends slightly in the red, as investors ditch property, mining and energy stocks. RBA ‘won’t hesitate’ to life rates if necessary, Bullock says. ACCC can appeal CFMEU/Hutchinson court decision.
Local shares extend gains for a second day, with nearly all 11 sectors in the black. Property and energy stocks found strong support following a rebound in the US. Nikkei up 4.3 per cent on Bank of Japan news it won’t raise rates while markets unstable.
Local shares finish higher after major sell off. RBA governor Michele Bullock says there will be no interest rate cut in the next six months. Wall Street bled overnight amid a global sell-off.
Bloodbath across the board as the local sharemarket plunges with the ASX 200 down 3.7 per cent to a two-month low of 7649.6 in its worst day since May 2020. Global investors dump shares after US falls. Tokyo plunges 14 per cent in its worst day since the 1987 crash. Woodside buying OCI Clean Ammonia for $US2.35bn.
The local sharemarket has closed sharply in the red on market concerns that US and Australian interest rates will stay higher for longer.
The Stokes family-controlled company has moved to bolster takeover support from Boral shareholders for its $3.1bn takeover of the building group by improving the payment terms and removing all conditions.
The billionaire family has staged a takeover to win full control of Boral, Australia’s largest building products operator, with a plan to fold the company into its Seven Group empire.
Appen shares set fresh low after CEO’s sudden exit. $A back above US65c. St Hilliers appoints administrators. Fletcher sinks on profit warning. Silver Lake tumbles on Red 5 merger.
The $9.3bn engineering company is determined to be paid for work on energy projects in Ecuador, but it’s proving challenging and another legal battle may be on the cards.
Original URL: https://www.theaustralian.com.au/author/lilly-vitorovich/page/3