Star trims statutory loss to $1.69bn as earnings, underlying profit take a hit. Cettire drops on analyst downgrade. Brickworks lifts on underlying profit beat. Step One insiders’ near-$32m selldown weighs. Platinum rebuffs Regal takeover.
August CPI cools to 2.7pc – lowest level since 2021 – on government subsidies. Analysts warn RBA ‘risks prolonged subpar growth’ with its tight policy. Chinese stimulus triggers switch to miners. Premier, Sigma and KMD fall on earnings updates.
China’s housing stimulus measures trigger investor rush from banks to miners. Economic outlook ‘remains uncertain’: RBA. Supermarket giants Coles and Woolworths still reeling from legal action. Cettire soars on earnings audit.
ACCC sues supermarket duopoly over alleged ‘misleading’ discounts. Bitcoin ‘on track for $US100,000’. Healius confirms Lumus sale to Affinity. Fletcher kicks off big raise. Telix buys US-based RLS for $338m. Hawkish RBA expected to hold rates.
PwC tax scandal evidence called into question. Myer cuts dividend on profit slide. Harvey Norman to defend ‘junk’ warranties class actions. Macquarie’s big US regulatory settlement.
Bruce Chenoweth will assume chair role at gaming giant. Strike, MinRes lift on WA gas policy tweak. US Fed’s jumbo rate cut ramps up RBA pressure. Total Tools hit with data leak. Second class action hits Harvey Norman for allegedly useless warranties.
PolyNovo director pockets near-$2m in selloff. ‘Misalignment’ between Labor and business risky: KPMG. Harvey Norman sued over alleged worthless warranties. Woodside sets up decade of LNG supply to Japan.
New Hope’s underlying earnings still solid on ‘robust’ coal price. Platinum urges no action amid Regal bid assessment. Casino operator Star agrees lender terms. Genesis back to claim control of Pacific Smiles. Shareholders approve Webjet demerger.
Alcoa rises on $US1.1bn cash-scrip Saudi stake sale. Austal soars on $670m US shipyard expansion contract. Fair Work Commission lands Virgin pilots deal. Police & Nurses Limited calls off merger with Beyond Bank.
Star contemplates response to NSW regulator alongside financial debt talks. Regis soars on potential aged care reform benefits. Namoi Cotton bidding war intensifies with Olam’s higher offer. Atlas Arteria gears for French tax fight.
Original URL: https://www.theaustralian.com.au/author/valerina-changarathil/page/10