ASX 200 ends 4 day losing streak on US tariff hopes. Ingenia Communities leaps 15 per cent after boosting its earnings guidance. Cash-strapped Star rises as mystery investor buys more stock. Telix beats revenue guidance. Car Group lifts after Tyres exit. Mesoblast raises $260m. Blundy-backed City Chic rises.
Insignia rises on improved Bain bid. Weak sales updates from Myer, Premier weigh. Energy players gain as Brent hits $US81 per barrel. Low AUD threatens rate cuts. Star rising amid cash crisis talks.
Slow spending lifts chances the RBA will move earlier than expected to deliver interest rate relief.
November retail sales undershoot expectations despite Black Friday boost. Casino group Star’s investors react to latest cash crisis. Rex board aware of ‘bewilderingly bad’ sales: ASIC. Arcadium lifts on US nod to Rio buyout.
Hundreds of thousands of Holden owners could be eligible for compensation from GM after a class action was launched over alleged faulty transmission systems. Does your car have one?
Investors buoyed by cooling underlying price pressures. Forrest named in bombshell ExxonMobil lawsuit. Avita’s downgraded earnings guidance weighs. Computershare falls on UBS ratings cut.
Australia’s stock market rises for a fourth day running, setting three week intraday and daily closing highs as gains in most sectors outweigh falls in iron ore miners. Morgan Stanley says Aussie bank share prices ‘not justified’. IDP Education up on Macquarie upgrade. WiseTech’s new buy. Nvidia hits record.
CC Capital trumps Bain takeover bid for Insignia. Infratil flags more CDC support as debt costs weigh on valuation. Shares in Goodman, Nine up after notable investor moves. Whyalla Steelworks restarts with unresolved issues.
The local bourse closed the week on an upbeat note, boosted by uranium and oil stocks as the major miners declined.
The local sharemarket has turned up in thin holiday trade, with gains broadbased, despite a fresh post-pandemic low for the Aussie dollar.
Original URL: https://www.theaustralian.com.au/author/valerina-changarathil/page/2