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.
Inflation rose 4 per cent in 12 months to May; RBC, NAB push back cut call. August rate hike: Deutsche, UBS. AUD jumps. Harvey Norman tanks. Star lifts on Steve McCann as CEO.
CBA soars, sets itself to defend class action appeal. Ex-Seven boss joins tech micro-cap. KFC operator Collins Foods rises on earnings beat. Healius rebounds from downgrade falls.
Cettire trading warning hits hard. ResMed’s big fall a drag on the bourse. Myer soars on move to buy Premier’s apparel business. Star’s troubles continue as interim CFO takes on acting CEO responsibilities.
CBA down after intraday high. MinRes’ ‘stressed balance sheet metrics’ weighs. City Chic’s half-price raise. Guzman y Gomez falls. KMD sees ‘prolonged’ sales impact. Cash Converters ‘running down’ auto arm.
Fast food chain Guzman y Gomez hits high of $30.60 on listing. City Chic flags loss as sales dive. VanEck Bitcoin ETF debuts. Treasury Wine down on guidance miss. Cyan lifts MMA Offshore bid.
Helia’s CBA contract update weighs. Beach hit with downgrades. Brookfield puts Aveo on market. QBE US restructuring dampens sentiment. Guzman y Gomez debuting Thursday.
RBA leaves rates on hold. Eagers Automotive director ends hiatus. City Chic halts as Blundy interest grows. Beach targets more cuts. CBA hits intraday high after Regal’s short reveal. Fortescue block trade weighs.
Ex-AFL boss McLachlan to take Tabcorp reins. China house price falls may pressure iron ore prices. Integral, Capital lock merger talks. Temasek’s $300m stake play with Betashares. Billionaire’s $62.8m selldown.
Optus preps for ACMA court fight over 2022 hacking. Telix Pharma won’t pursue US IPO. Deterra’s UK buy, div policy change weighs. McLachlan wooed for Tabcorp CEO role.
The S&P/ASX200 closes up 0.44 per cent to 7,749.70. RBA’s wait and watch continues with May unemployment rate at 4 per cent. Horror day for winemaker Australian Vintage. Sigma-Chemist union hits ACCC hurdle. ASX Ltd tanks on costs blowouts.
ASX 200 down for a second day before US inflation data and the Fed’s interest rate decision. Upgrade boosts Woodside. Nickel Industries dives. SkyCity Adelaide licence probe resumes. China inflation data mixed.
The local sharemarket has closed sharply in the red on market concerns that US and Australian interest rates will stay higher for longer.
CBA hits all-time high. Nine board meets over Costello fracas. Hanwha, Austal in break fee dispute. Life360 falls after US IPO. RBA deputy governor speaks at Aus Economic Outlook lunch.
Tech sector leads gains as dismal updates from SkyCity, IDP weigh. Chinese businessman Wu Tao’s attempt for a board seat at Northern Minerals fails. Fortescue lobs ‘misuse’ claims against ex-staff.
Original URL: https://www.theaustralian.com.au/business/trading-day/page/7