ASX down; Joyce’s $21.4m send off
Joyce faces a significantly reduced final pay packet. Qantas CEO Vanessa Hudson ‘has a lot of work to do’: Chalmers. Income lift boosts Sezzle. NAB warns against branch mandate. KMD drops on profit fall.
Megan Neil
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Former Labor minister to chair new super lobby group
Eight big superannuation funds that pushed for the formation of a new lobby and policy body have each scored a seat on the governing board.
ASX down; Qatar decision favoured Qantas
Flight Centre boss says Qantas ‘very good at lobbying governments’. Inflation still ‘too high’, says RBA. Record coal prices boost New Hope profit.
ASX down; BHP warns on hit to dividends
Industrial relations changes to cost investors: BHP. Silver Lake buys Red 5 stake. Tabcorp allegedly allowed minor to gamble. Synlait ‘disputes’ A2 Milk’s action. Costa down on Paine’s lower bid.
Where the ultra wealthy are investing their $3 trillion
Cash and term deposits are back in favour among high-net-worth investors, although Australian equities are the asset class of choice.
Rio, BHP lift ASX; Fortescue exec hits back
‘Not what I expected,’ ousted Fortescue exec on mining role. China data stronger than expected. ACCC concerns on Qantas-China Eastern deal signal other partnership ‘risks’.
ASX lifts; Rio, Fortescue gain
Broker upgrade boosts Fortescue, Rio. Mark Bouris home loans business to delist. Myer shares up. Uranium stocks surge.
ASX falls; Pental up, Qantas dips
Qantas faces $200m plus hit. Billionaires Heines sell more of Netwealth. Viva down on Vitol sale. Pact soars on Geminder bid.
ASX rises, consumers hurting
Mining and health care gains offset energy and financial falls. Consumer confidence falls 1.5 per cent, but uptick in business conditions. Liontown dips after Gina Rinehart’s share raid.
Big super funds unite for new lobby group
A new peak body for the $1.9 trillion profit-to-member superannuation sector will begin operating next month.
Original URL: https://www.theaustralian.com.au/author/megan-neil/page/19