Lovisa, Universal Store, Bega Cheese and Insignia jump. SkyCity loses long-standing SA contract fight. Fortescue and CSR gain. RBA’s Bullock ‘agnostic’ on Treasurer’s veto power. Japan’s Nikkei tops record high after 34 years.
Rio Tinto annual net profit falls to $US10.1bn; underlying result beats estimates. CSR trading halt amid takeover talk. Woolworths’ Brad Banducci apologised to Rod Sims. Corporate Travel dives. WiseTech soars.
Jayne Hrdlicka leaving Virgin before IPO. RBA considered Feb rate hike. Suncorp up after ANZ deal green light. Sims, KMD, Baby Bunting drop. Bravura soars. ARB, HMC gain.
Economy to remain resilient: Westpac. Bendigo Bank sees competition issues in ANZ’s Suncorp bid. Boral gains, Seven Group dips on takeover play. APM, A2 Milk soar.
ASX 200 closes down 0.2pc at 7603.6points. Loy Yang A station offline. Callide C station failure report out. Macquarie hit by profit warning, star exit. Challenger lifts. Seek, Lew-backed Breville, Seven West and James Hardie fall.
CSL weighs down market after disappointing cardiac drug trial. Fletcher halts for earnings guidance, CEO future update. Synlait sinks on earnings warning. Retailer JB Hi-Fi up as profit beats estimates.
RBA boss says lower inflation data key to unlocking rate cuts. Callide Power Trading faces court action. PwC’s Labor donation questioned. Stokes-backed Boral ups guidance.
Iron ore miners trim gains as China’s CPI falls at fastest pace since 2009. Investors back News Corp, AGL earnings updates. Cochlear up on profit upgrade. REA Group, Transurban and Alliance Aviation drop.
Woodside up after ceasing talks; Santos boss confident about future. CSR drops on UBS downgrade. Woolworths, Coles defend against price gouging claims. Ross McEwan decided in 2023 to leave NAB.
Bullock says RBA not ruling anything in or out regarding rate cuts and hikes, after holds cash rate. Bullock says November hike ‘not a mistake’, and RBA doesn’t want to cut too early. ASX 200 ends lower.
Original URL: https://www.theaustralian.com.au/author/megan-neil/page/8