ASX 200 rises; Megaport, Collins, G8 dive; Medibank, Sonic, Qube results; US Fed minutes signal Sep rate cut
Weak guidance weighs on Megaport. Collins Foods' first-half earnings warning. Dividend surprise lifts Northern Star. Super Retail hits record high on special dividend amid scandal. Richard White adds $1bn more to his coffers.
Welcome to the Trading Day blog for Thursday, August 22. The ASX 200 index closed 0.2 per cent higher to 8027 points, with tech stocks strongest. US indexes gained on hopes of a bigger September US rate cut.
The Aussie dollar is around US67.44c at 5.10pm AEST.
ASX to rise; Mayne backs $672m US takeover
US pharma Cosette's bid has support from major Mayne shareholders, including Bruce Mathieson. QBE dividend up on FY24 profit boost. Nine, Domain investors to react to US-based CoStar's takeover move.
ASX 200 hits 5-week low; $2.4bn for Whyalla Steelworks
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.