Property giants lift on ‘cheaper debt outlook’. Santos down despite oil price spike. Origin loses ground after abandoning hydrogen plans. Sell rating weighs on ‘overly ambitious’ Guzman y Gomez. IMF backs RBA’s tight stance.
In a strategic play to survive SPC, Original Juice and powdered milk business Nature One will combine to create a new food manufacturing company on the ASX.
A job cull is sweeping through one of Australia’s biggest insurance companies, even as the company rakes in big profits.
Oil, gold stocks jump on Middle East conflict escalation. Jobs to go in Country Road restructure. SiteMinder insider’s $85.4m selldown. Kennett to retire after juice company merger. CEO changes at Collins Foods, KMD. CBA shuffles top deck.
Sigma rockets on ACCC compromise to get $8.8bn merger with Chemist Warehouse across the line. Treasury Wine caves in to proxy demand on CEO bonus. Warmest August since 1910 sees retail sales lift 0.7 per cent.
August retail sales data due as house prices tick up. Qatar Airways to buy stake in Virgin. Star auditors raise red flags. US Fed chair strikes upbeat note on the US economy. Chinese stocks mark best day in 16 years.
Magnis Energy Technologies has failed to provide a date for lodging its annual accounts as questions linger over the company’s financial health.
Payments to Perpetual’s senior management are out of whack with industry norms, according to influential proxy group ISS.
BHP and Rio lead iron ore gains as billionaire-run Fortescue and MinRes also lift. Richard White’s WiseTech up after founder’s $46m selldown. Star hit with downgrades. Key Pacific Smiles shareholders reject Genesis bid. AUD above US69c.
Our sharemarket is tipped to build on last week’s record close as investor enthusiasm continues over the condition of the world’s major economies ahead of local retail and US jobs data.
The ASX 200 index closed flat after a choppy session at 8212.20 points as banking and healthcare falls offset strong gains among the miners.
The ASX says a former APRA chair and a business veteran are the best options for the market operator’s board vacancies despite two former executives seeking a seat at the table.
Allegations gold miner Newmont did not take site safety concerns seriously have been levelled by one of the company’s former executives.
Star trims statutory loss to $1.69bn as earnings, underlying profit take a hit. Cettire drops on analyst downgrade. Brickworks lifts on underlying profit beat. Step One insiders’ near-$32m selldown weighs. Platinum rebuffs Regal takeover.
The Reserve Bank has revealed its concerns about the risk culture of the ASX, which ‘lags other financial institutions’.
August CPI cools to 2.7pc – lowest level since 2021 – on government subsidies. Analysts warn RBA ‘risks prolonged subpar growth’ with its tight policy. Chinese stimulus triggers switch to miners. Premier, Sigma and KMD fall on earnings updates.
China’s housing stimulus measures trigger investor rush from banks to miners. Economic outlook ‘remains uncertain’: RBA. Supermarket giants Coles and Woolworths still reeling from legal action. Cettire soars on earnings audit.
With regulatory battles looming, the market operator will have to kick off a recruitment drive to replace its head of risk Hamish Treleaven, who is retiring.
ACCC sues supermarket duopoly over alleged ‘misleading’ discounts. Bitcoin ‘on track for $US100,000’. Healius confirms Lumus sale to Affinity. Fletcher kicks off big raise. Telix buys US-based RLS for $338m. Hawkish RBA expected to hold rates.
The latest ‘buy’ recommendations are dominated by one of the weakest performing ASX sectors this year. Here’s why.
Original URL: https://www.theaustralian.com.au/topics/asx/page/17