ASX 200 falls on CPI blowout; IAG sued; BHP-Anglo talks deadline; Fisher & Paykel profit down; Fonterra interest grows
April inflation higher than expected. BHP makes case to continue Anglo American takeover talks. IAG sued for alleged deceptive conduct. Fortescue down on Jarden rating. MA Financial narrowly avoids first strike.
Welcome to the Trading Day blog for Wednesday, May 29. The ASX 200 index closed down 1.3 per cent to 7665.60 points after hotter-than-expected inflation data left all sectors in the red.
The Aussie dollar is trading around US66.50c.
More Coverage
ASX sets record close despite pullback; HMC confirms Healthscope talks
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.
ASX steady as miners gain; CBA rises, IAG down
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.