ASX falls on tech losses; Bapcor top gainer
Tech sector leads declines. NBN Co submits revised pricing proposal after ACCC rejection. RBNZ holds rates. KPMG cuts pay as revenue lifts. Fletcher, Transurban, Computershare among losers.
Megan Neil
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Challenger bets on growth through retirement
Shares tumble after the investment and retirement income group cuts its dividend payout ratio, which will ‘depend on growth and investment opportunities’.
ASX climbs on wages, RBA data; Lake top gainer
CSL, Pro Medicus, Cochlear lead health sector rally. AUD at US65c after lower quarterly wages growth. China reveals more economic weakness. NAB spikes on buyback. Seek tumbles.
Investors rush for US tech stocks
Australian investors wanting exposure to the ‘magnificent seven’ mega-tech stocks and the US market rally have pumped almost $100m into a Nasdaq exchange-traded fund in one month.
ASX 200 falls; Syrah top loser, Carsales zooms
Share market falls to lowest close in just over four weeks. Dell Australia cops $10m fine. Carsales top gainer on dividend lift. Beach tanks on profit fall.
The art of outperforming the market
A global art price increase of 30 per cent in just a year puts the asset class on top of Knight Frank’s luxury investment index, followed by watches and jewellery.
Super returns rise but ‘bumpy’ months ahead
Energy and commodities helped boost super fund returns in July, with modest sharemarket returns, but inflationary impacts lie ahead.
AMP targets cost savings as profit falls
Wealth manager AMP is looking for $120m in cost savings and also hitting pause on returning $350m to shareholders following a fall in its bottom-line interim profit.
Original URL: https://www.theaustralian.com.au/author/megan-neil/page/22