Energy stocks, banks lift ASX
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.
Megan Neil
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ASX flatlines; Perpetual slammed
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.
ASX 200 climbs 1.4pc, AUD down after RBA
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.
Wesfarmers’ record high helps lift ASX 200
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.
Banks boost ASX 200; Woolies, Bapcor fall
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.
ASX 200 falls 1.2pc before US rate call
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.
ASX up as interest rate jitters recede
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.
ASX 200 up; WA mine closure; Crown job cuts
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’.
ASX 200 slumps as Anglo rejects BHP bid
The local sharemarket closed down 1.4 per cent on Friday. Anglo American rejected BHP’s takeover bid. Scott Farquhar stepping down as Atlassian co-CEO. Super Retail Group faces $30m-$50m workplace claim.
ASX gives up gains; Woodside climate defeat
Richard Goyder survives as Woodside chair but investors reject climate plan. Westpac, AMP, Citi and UBS push back rate cut timing after CPI data. Kogan dives. Star ex-CEO felt ‘under attack’ from NICC.
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