Anglo American to divest or demerge assets, including Aussie coal mines, as rebuffs BHP takeover. Karoon Energy targets oil output lift. Inquiry head takes aim at Star reforms. ARN Media still chasing SCA. GUD jumps.
Fletcher drops 11 per cent on profit warning. Household spending growth slows: CBA. PwC restructures. Business conditions ease: NAB. Lendlease down as fights tax bill, sets investor day. ASIC probes ANZ bonds sale.
ASX 200 up 1.6 per cent this week. UK exits recession. Financial stress at highest in 8 years: NAB. CBA shareholder class actions dismissed. Bonza administrators in talks with ‘interested parties’. Life360 drops.
The market closed broadly flat, with seven of the 11 sectors in the black. Perpetual’s forgettable day after KKR deal triggers calls for chair to exit with outgoing CEO. Analyst downgrades hit Imdex. IPH bids for Adamantem-target Qantm.
RBA board considered a rate hike, ‘not ruling anything in or out’. Inquiry wants steps to combat supermarket giants’ power. Earnings upgrade lifts AGL. ANZ profit down, $2bn buyback ahead. Sims tanks.
Bourse has best weekly gain in five weeks, up 0.7 per cent. McDonald’s Australia annual sales up 7 per cent. Wesfarmers hits record high. Path to low inflation ‘not yet’ secure: ex-RBA boss. Macquarie falls. Block jumps.
Major banks gain after NAB results, buyback. Pexa jumps on NatWest deal. Investors dump Bapcor after profit warning. Woolworths sales disappoint, boss says Coles ‘out-traded us’. US investigation hits Block.
Rabobank sees two RBA rate hikes in 2024. Qantas rules out app cyber breach. Amcor up on results beat. Endeavour falls after Woolworths selldown. Inquiry head criticises Star’s slow reform.
The sharemarket extended its gains, closing up 0.4 per cent. Origin, NSW in talks to extend Eraring by four years. CBA pushes back rate cut call. Weak retail data hits Aussie dollar. ASIC sues Magnis and chair. Worley falls.
Share market rises on US futures gains. Crown Resorts job cuts. WA nickel mine closure. Lawyers claims Super Retail board knew of CEO affair. New Star chair says David Foster ‘had to go’.
Original URL: https://www.theaustralian.com.au/author/megan-neil/page/3