Casino operator’s deal with Hong Kong partners to help avoid administration. Ex-dividend trading, oil price slide weigh on bourse. Insurers face $2bn-plus hit from Cyclone Alfred. APRA moves to tighten financial board rules.
‘America’s momentum is back’: Trump. Virgin names new CEO. Wong says ‘hill to climb’ on US tariffs. GDP data shows modest green shoots. China sets new growth, deficit goals. Cyclone Alfred looms.
US tariffs, inflation uncertainty clouds outlook, RBA minutes show. HMC down on Healthscope non-payments. Aurizon details hit from OneSteel, Centrex administrations. Star’s liquidity crisis continues.
Creditors meeting hears Sanjeev Gupta’s former steelworks owes $1.35bn after posting a loss of $319m in the seven months to January. ASX a sea of green with all sectors rising. Insurers fall on cyclone threat.
ASX briefly erased its year-to-date gain as tariff fears and risk aversion hit global markets. Star shares drop 15 per cent as it looks at liquidity proposals. Endeavour down as profit falls. Australia Post profit jumps.
Sanjeev Gupta’s GFG Alliance owed $500m from Whyalla collapse. Business investment unexpectedly falls in December quarter. Qantas rewards investors with dividend. Jobs to go as Oceania Glass Dandenong shuts.
January underlying inflation rise underscores RBA concerns. Richard White returns to WiseTech as executive chair with long-term plans. Woolworths flags $400m in cost savings by end-2025. Pointsbet soars on Betr’s $360m-plus bid.
Heavyweight banks, miners down. Johns Lyng’s ‘soft’ results, Domino’s loss trigger investor disappointment. Nine extends restructuring as CoStar circles Domain. Zip guidance beats estimates. WiseTech down. Woodside slams Federal delays.
Investors wipe around $7.54bn from WiseTech amid board woes with founder Richard White. Perpetual sinks KKR deal, hangs ‘for sale’ sign over wealth arm. Iress heavy loser despite swing to profit. Ampol slashes dividends. Underlying earnings up for APA.
Takeover bids fire up Domain, Nine, Mayne. Coalition matches Whyalla support promise. RBA too slow to hike rates: Bullock. GYG down on ‘soft’ US sales. QBE soars. Bendigo Bank cuts rates.
Fortescue leads mining losses. Banks continue to sink. Goodman down on equity raising. Megaport top gainer as Telstra, Wesfarmers also lift. Rescue package for SA steel plant. Jobs rise more than expected.
SA govt puts Whyalla Steelworks into administration. NAB shares slumps as margin strain dents earnings. MinRes tanks on massive loss. Santos results disappoint. WA rich lister sells $8.5bn Rio stake. MinRes’ big loss triggers double-digit dive. Profitable Goodman taps investors for $4bn.
Reserve Bank cuts rates 25 basis points, takes official cash rate to 4.1 per cent. First cut in more than four years. NAB, Westpac, CBA and ANZ lower home loan rates. Qatar-Virgin deal gets ACCC nod. Gold to outshine $US3000: UBS, Goldman.
Margin pressures dent Westpac, Bendigo Bank earnings. BlueScope, A2 Milk lift on results beat. Star investors buoyed by new financing offer from Oaktree. Audinate leaps as cost controls improve earnings.
David Di Pilla-led HMC eyes Brookfield-owned hospitals operator. Cochlear falls on trimmed guidance. Dividend disappointment weighs on AMP. GFG Alliance puts NSW coal mine on the block in debt plan. Mirvac soars on return to profit.
Sigma gains as $300m worth of shares change hands. Alliance Aviation’s labour costs growing after first industrial action in two decades. IAG top loser as investors miss buyback. Temple & Webster top gainer. ‘Cleaner result’ sees ASX Ltd soar.
CBA and Computershare hit records. Woolworths cutting jobs. AGL narrows guidance after profit fall. Suncorp’s March cash windfall, buyback promise. Star ex-boss: Casino ‘run in clean and legal’ way. BHP appoints new chairman. US CPI data next equity markets trigger.
The local share market closed flat as CSL dives after its results, Macquarie jumps on its trading update, gold miners up as gold hit a record, SGH soars on strong results, Nine, Seven West Media up on positive signs for advertising. Australian carveout on Trump tariffs ‘under consideration’.
Steel, aluminum producers mixed after latest Trump tariff threat. Is JB Hi-Fi topping out? Car Group, JB Hi-Fi and WiseTech leading losses. In contrast, Star and Ansell find support.
ASX ends flat as markets await key US jobs numbers. CBA and Westpac hit record highs and NAB an 18-year high. Domino’s jumps 21 per cent, as Collins Foods and Nick Scali also gain. Amazon falls after earnings disappoint.
Original URL: https://www.theaustralian.com.au/business/trading-day