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.
A key inflation number, an RBA meeting and corporate updates from Solomon Lew’s Premier Investments and building materials company Brickworks will be the focus for investors this week.
The latest ‘buy’ recommendations are dominated by one of the weakest performing ASX sectors this year. Here’s why.
The former Qantas executive has moved at lightning speed in her first 100 days in charge of the retailer. This is where she wants to take it.
Current market activity suggests major stock indices might be near a turning point. If you want to know why, read on and let me explain over a glass of Penfolds St Henri.
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.
Not only is the $290bn fund reluctant to put real heat on listed companies, it is painfully late to the proxy party.
The ASX will face closer scrutiny from ASIC and the RBA after parliament passed new laws to regulate the market operator, particularly in a crisis.
The coming months will mark a test over Australia’s bet on so-called “dovish” rate hikes.
With US interest rates cut sharply and Australia’s Reserve Bank expected to follow by early 2025, strategists are looking at what works best in equities as central banks pivot to cuts.
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.
Chairman Jerome Powell’s hoping the bank’s first rate cut since 2020 will prevent a gradual cooling in the labour market from turning into a deeper freeze. Stocks closed lower after wild swings.
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.
The battle for dental group Pacific Smiles has taken another turn after its largest shareholder, private equity business Genesis Capital, increased its off-market takeover bid.
Regal Partners could become a $29bn powerhouse as it mulls a takeover bid for Platinum Asset Management amid plans by Phil King’s investment house to double down on its growth strategy with its biggest play yet.
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.
A rising tide of bad home loans could trigger a sell-off in bank shares, Citi analysts have warned.
There are potentially far-reaching consequences from the US election, including the possibility of a new global trade war.
Markets hate uncertainty, but the looming US presidential poll will end that soon.
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.
Original URL: https://www.theaustralian.com.au/business/markets/page/19