ASX 200 ends at seven-month high on miners; Warrego tells Beach to match Hancock deal
ASX closes at seven-month high. Warrego gives Beach Energy five days to match Hancock's 'superior' offer, iron ore posts record monthly rise and Woodside leads energy losses.
Welcome to the Trading Day blog for Thursday, December 1. The Australian sharemarket advanced to a seven-month high on gains led strong gains by materials.
The S&P/ASX 200 index closed up by 70.20 points, or 1 per cent, to 7354.40.
The Aussie dollar was buying US68.11c at the close.
Bank woes hit ASX; Domain, Mayne top gainers
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.
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.