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.
March quarter GDP slower than expected. Incoming Crown chair will also head Balmoral Group. Xero dives on convertible note offering, block trade. Medibank falls as Australian Information Commissioner sues.
Local sharemarket sees late sell-off as volatile commodity prices weigh. Peter Warren shareholder buys the dip. Country Road CEO keeps job. Lovisa hit with fresh downgrades. Virgin ex-CEO Borghetti to chair Crown.
ASX 200 adds 0.8pc as US futures point to further US gains and RBA can breathe easier after wage decision. But Iron ore futures dive to six-week low. Lovisa taps Smiggle boss as next CEO. APM soars as Affinity emerges as mystery suitor. Booktopia CEO out in cost-cutting restructure.
Guzman y Gomez to list with $2.2bn value. Telix jumps on cancer drug ‘signal’. Household savings hit fresh record. Rival offer may revive BHP’s Anglo bid: Morningstar. CSL to help US stockpile avian flu vax.
Ex-Origin suitor Brookfield in talks to buy Neoen for $9.98bn. Sigma eyes Chemist savings, awaits ACCC call. BHP abandons Anglo American bid. Eagers’ billionaire Nick Politis buys the dip.
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.
ASX finishes lower on quiet day of trading as April retail sales come in below forecasts. Peter Warren issues profit warning. Southern Cross Media considering ACM proposal. Boss Energy hit by CEO, chair selloff.
Australian Vintage extends suspension as Accolade ends talks. Star suitor proposed turnaround strategy. Restructure boosts Lendlease. Healius to offload Lumus. Neuren soars after drug trial. Cettire jumps.
Rio faces investor pressure on London delisting. Analyst downgrades hit Wesfarmers, Nufarm. Perpetual’s $20m Star buy-in. Appen revenue ‘stabilising’ post Google loss. A2 Milk hits 16-month high.
Shareholder revolt at Karoon Energy AGM. Qenos creditors agree to collapsed group’s sale. BHP risks overpaying for Anglo American: RBC. Xero soars while Nufarm falls after results.
Inghams says not impacted by bird flu case. Webjet gains on demerger plan. Eagers dives on earnings warning. Telstra hit by downgrades. D-Day for BHP’s next Anglo move.
ANZ probing internet banking issues. RBA avoids ‘excessive fine-tuning’. James Hardie’s cloudy outlook weighs. Sonic flags weak earnings. TechOne, ALS gain. Telstra job cuts. Star falls on Hard Rock dismissal.
Index advances towards March closing record as gold, iron ore jump. Star jumps with Hard Rock consortium among suitors. Elders gains. Profit warning, analyst downgrades hit Michael Hill. Guidance boost for Nuix.
SkyCity Adelaide to pay $67m AUSTRAC penalty. Bendigo Bank jumps as margins rise. Star’s Queensland licence suspension date pushed back. Lendlease sells Asian asset. China eases mortgage rules.
Andrew Forrest’s Fortescue will be ‘doing the numbers’ on hydrogen plant: Incitec. Bourse jumps 1.7 per cent as jobs data adds to rate cut optimism. Aristocrat soars. Incitec, Fonterra rise. Namoi falls.
SCA board rejects new ARN proposal. Wages growth slows. BHP insists Anglo bid ‘compelling’ after target’s split plans. Iress falls amid hack probe. AACo down as cattle prices dent profit. Mixed reaction to budget.
Anglo American to divest or demerge assets, including Aussie coal mines, as rebuffs BHP takeover. Karoon Energy targets oil output lift. Inquiry head takes aim at Star reforms. ARN Media still chasing SCA. GUD jumps.
Fletcher drops 11 per cent on profit warning. Household spending growth slows: CBA. PwC restructures. Business conditions ease: NAB. Lendlease down as fights tax bill, sets investor day. ASIC probes ANZ bonds sale.
ASX 200 up 1.6 per cent this week. UK exits recession. Financial stress at highest in 8 years: NAB. CBA shareholder class actions dismissed. Bonza administrators in talks with ‘interested parties’. Life360 drops.
The sharemarket has closed 1.1 per cent lower, with banking and retail stocks leading the losses. CBA records biggest fall in three weeks. Super Retail, JB Hi-Fi sales disappoint. Baby Bunting tanks.
The market closed broadly flat, with seven of the 11 sectors in the black. Perpetual’s forgettable day after KKR deal triggers calls for chair to exit with outgoing CEO. Analyst downgrades hit Imdex. IPH bids for Adamantem-target Qantm.
RBA board considered a rate hike, ‘not ruling anything in or out’. Inquiry wants steps to combat supermarket giants’ power. Earnings upgrade lifts AGL. ANZ profit down, $2bn buyback ahead. Sims tanks.
Australia’s sharemarket rose for a third day running, tracking the US market to its highest daily close in almost two weeks, after cooling non-farm payrolls data gave hope of a soft economic landing with interest rate cuts.
Original URL: https://www.theaustralian.com.au/business/trading-day/page/8