Australia stuck in ‘weak productivity, high cost malaise’. Sale of Orora Packaging Solutions to US group resets core focus. Cettire cops beating after founder’s $15.8m buy-in. Oil price plunge weighs on Woodside, Santos.
Consumer stocks down as big names Coles, Woolworths and Wesfarmers trade ex-dividend. More pain for iron ore prices weighs on mining heavyweights. Public demand tipped to drive second quarter GDP growth.
Bank and energy gains offset declines by iron ore and gold miners. REA falls on news it is considering a bid for Rightmove. The Star suspended from trading.
ANZ CEO Shayne Elliott tells parliament a ban on staff drinking alcohol during work hours is ‘entirely reasonable’, after its conduct scandal. Star halts as NSW casino regulator looks at licence. Ramsay and Harvey Norman fall.
RBA hike not ruled out as inflation remains sticky at 3.5 per cent. Controlling shareholder Rio to back ERA’s $880m discounted raise. Special dividend boosts Woolworths. Tabcorp’s worse than expected loss, CEO-elect Gill McLachlan’s ‘reality’ check weighs.
BHP cuts dividend after profit fall. Coles earnings beat estimates. Woodside to walk ‘growth funding tightrope’. Guzman Y Gomez gains after profit beat. Johns Lyng dives on revenue miss. Lovisa trading update disappoints. CBA chief economist steps down.
Stocks rise after strong US gains in response to lower-than-expected jobless claims data and commodities rise on China CPI beat. Super Retail boss ‘used company funds to further affair’: court docs. News Corp flags ‘external interest’ in Foxtel. Life360 shares jump as much as 20pc after revenue rise.
The local sharemarket ends slightly in the red, as investors ditch property, mining and energy stocks. RBA ‘won’t hesitate’ to life rates if necessary, Bullock says. ACCC can appeal CFMEU/Hutchinson court decision.
Local shares extend gains for a second day, with nearly all 11 sectors in the black. Property and energy stocks found strong support following a rebound in the US. Nikkei up 4.3 per cent on Bank of Japan news it won’t raise rates while markets unstable.
ASX chief Helen Lofthouse admits she cannot foresee when the long-delayed clearing and settlement project will be resolved.
Forget the narrative the US sharemarket rose and Australia followed because recession risks supposedly eased and US quarterly earnings held up well. The bond market says otherwise.
The past financial year saw the first “meaningful outperformance” against the global index since 2005, according to JP Morgan.
Here is the latest company close update for Woodside Petroleum Ltd, WPL.
Original URL: https://www.theaustralian.com.au/business/markets/market-data/page/4