Flight Centre trims guidance. Treasurer announces “faster, stronger” draft merger reform legislation. Perpetual hit by $9bn outflows. Telix slumps on bonds, regulatory updates. ASIC concerned over private market pump-up.
Tech sector leads ASX turnaround. Woodside reveals subdued quarter, upped Scarborough cost. Lynas suffers low output, falling prices. Warehouse NZ confirms Adamantem bid.
The sharemarket has closed in the red for a third day, hurt by US losses and profit fears. Woodside snaps up Tellurian. NZ retail chain The Warehouse buyout potentially on horizon. Iress jumps on updated guidance. South32 smashed on $500m-plus impairment.
CrowdStrike chief executive George Kurtz said late on Friday a ‘defect found in a single content update for Windows hosts’ caused the outage that struck millions of people across the globe and dozens of Australian companies.
Domino’s Pizza sinks on store closures. SkyCity to close NZ casino for five days, lose $NZ5m in deal. Telix falls despite guidance upgrade. Unemployment rate rises to 4.1pc. RBA should ‘rip band-aid off’ and hike rates: VanEck.
Gas like ‘life insurance’ in Labor plan: Bowen. BHP’s record WA iron ore shipments. Maintenance fails cause of Callide tower collapse. Qantas Super to merge with ART. DroneShield dives again. Zip’s debt raise.
DroneShield shares hit an all-time high before a 22 per cent drop after negative report. AEMO chief warns nuclear will take too long. Rio preps for $US6.2bn Simandou spend. IGO flags up to $295m nickel blow. Ex-RBA boss Lowe turns ASX punter.
China GDP slows more than expected. Aussie Broadband dives. CBA’s new intraday record: $133.30. Lifestyle Communities tanks on VCAT allegations. Rio, BHP rise on Canadian dealmaking reports.
CBA’s new intraday record: $131.70. Glencore ‘monitoring’ WA nickel operations as Lynas, Alliance Aviation assess ripple impact of BHP suspension. ACCC sifts through Brookfield’s $10bn Neoen play. Turmoil on board at Rex Airlines. Cettire jumps.
BHP suspends nickel operations, citing global oversupply. Telix Pharma lifts on US payment changes. CBA breaks record price. Insignia boss overhauls executive ranks. White knight found for HS Fresh Food. Synlait soars as China rescue plan sails through.
Incitec’s $900m buyback after Indonesian takeover fails. Insignia down after dismissing private equity interest speculation. China inflation tepid amid lacklustre demand. Reserve Bank of NZ holds cash rate, sees inflation back to target by December.
Australia’s sharemarket rebounds strongly on light volume as US futures add to slightly positive offshore leads, Telstra surprises with hefty price increases and banks soar with CBA hitting a record high.
Indonesian group lobs $393m Rex Minerals bid. Premier-Myer tie up a winner: Citi. Ramelius’ record FY24 gold haul. Suncorp downgraded on La Nina risk. A2 Milk yet to back Bright lifeline: Synlait.
Saudi Aramco dismisses ‘inaccurate’ Santos takeover report. Samsung flags 15-fold profit jump. Bitcoin down. NIB reassures on cover amid public St Vincent’s brawl.
Middle East takeover talks may lure other Santos bidders. $1bn Lendlease, Stockland deal hits ACCC hurdle. Magellan June flows mixed, funds under management slip. Seven’s retention bonus for Boral CEO.
May retail sales, building approvals higher than expected. ACCC’s interim nod to Armaguard save. Booktopia enters administration. AusSuper’s ‘solid’ returns. APA flags $145m Qenos hit.
RBA minutes show narrowing path to normal inflation. Liontown soars on Kathleen Valley funding, offtake deal with LG Energy. Union hails ‘bittersweet’ Bonza liquidation.
Anglo fire lights up rival coal miners. Brambles US chief to exit in six months over ‘cultural differences’. Lendlease to sell US military business for $480m. WiseTech billionaire’s $139.5m June selldown.
Nine staff pass motion of no confidence against CEO after job cuts revealed. ANZ, Suncorp Bank gain on deal completion. IAG secures earnings volatility cover. Adore Beauty buying iKOU for $25m. Mirvac’s $2bn Sydney tower gets backer.
ASX rebounds strongly after big fall. Seven West YouTube accounts hacked. Austal chair John Rothwell hands reins to ex-US Navy official next week. Ramelius’ $87.7m Spartan buy-in. US futures dive on Micron fall.
Original URL: https://www.theaustralian.com.au/business/trading-day/page/7