Could CBA shares plummet?
The superstar stock of the ASX may be sailing towards a cliff edge, with most experts believing it is heading for a fall.
ASX
ASX 200 ends tad higher; investors punish WiseTech
Investors wipe around $7.54bn from WiseTech amid board woes with founder Richard White. Perpetual sinks KKR deal, hangs ‘for sale’ sign over wealth arm. Iress heavy loser despite swing to profit. Ampol slashes dividends. Underlying earnings up for APA.
Fall in local bourse set to continue
The local sharemarket is poised for more pain on Monday, with poor US leads and a mixed corporate profit outlook adding to last week’s woes.
Mathieson backs offer for Mayne
Pubs baron Bruce Mathieson, a major investor in Mayne Pharma, is backing a $672m takeover offer for the drugs maker by US giant Cosette.
Bank woes hit ASX; Domain, Mayne top gainers
Takeover bids fire up Domain, Nine, Mayne. Coalition matches Whyalla support promise. RBA too slow to hike rates: Bullock. GYG down on ‘soft’ US sales. QBE soars. Bendigo Bank cuts rates.
CBA, Fortescue lead ASX to 5 week low
The major banks and miners continued to slump on Thursday, dragging the Australian share market to its lowest point in five weeks.
ASX 200 hits 5-week low; $2.4bn for Whyalla Steelworks
Fortescue leads mining losses. Banks continue to sink. Goodman down on equity raising. Megaport top gainer as Telstra, Wesfarmers also lift. Rescue package for SA steel plant. Jobs rise more than expected.
ASX drops on NAB, MinRes earnings misses
The ASX’s weekly woes continued on Wednesday, as a big four bank and a major miner dragged the market heavily into the red.
Simple reason Aussies are a little richer
Aussies are tipped to be a little richer at the end January, as superannuation funds have a ‘flying start’ to 2025.
ASX 200 down as NAB, Santos, MinRes hit
SA govt puts Whyalla Steelworks into administration. NAB shares slumps as margin strain dents earnings. MinRes tanks on massive loss. Santos results disappoint. WA rich lister sells $8.5bn Rio stake. MinRes’ big loss triggers double-digit dive. Profitable Goodman taps investors for $4bn.
End the corporate rent-seeking? Let’s get back to first principles
The ASX Corporate Governance Council has dealt itself out of the governance debate. Controlled by pseudo-culture warriors, rent-seekers and activists, it’s become a de facto legislator and regulator.
Diversity in thinking, not gender
Not before time, a corporate leader has set out a strategy for recruiting board members that would help businesses maximise shareholder returns and therefore boost the productive economy at a challenging time.
‘Gross invasion’: heavyweights condemn ASX diversity rules
Senior business leaders have banded together to condemn a controversial move requiring company directors to disclose their sexual orientation, religious beliefs and more.
ASX tumbles on big bank, Woodside woes
A slump in the big banks and energy stocks pushed the Aussie market into the red on Tuesday, as the RBA struck a note of caution following its long-awaited rate cut.
Inflation fight far from finished: Judo
Business bank Judo has warned the fight against inflation is not over, as the ASX-listed lender posted a 70 per cent profit jump to $40.9m.
Investors punish Challenger despite cost cutting
The wealth and retirement giant is targeting tens of millions of dollars in cost savings from deals with Accenture and State Street after mixed interim results.
RBA delivers ‘hawkish’ rate cut; ASX down
Reserve Bank cuts rates 25 basis points, takes official cash rate to 4.1 per cent. First cut in more than four years. NAB, Westpac, CBA and ANZ lower home loan rates. Qatar-Virgin deal gets ACCC nod. Gold to outshine $US3000: UBS, Goldman.
Westpac, Bendigo drag down ASX
Banks weighed on the ASX on Monday with disappointing earnings updates from Westpac and Bendigo Bank pushing the index to the red.
Cult beauty brand reveals huge plans
Cult online beauty retailer Adore Beauty is riding a lift in revenues as it begins rolling out a bold plan to open more than 25 brick-and-mortar stores across Australia.
Board diversity is great, but merit is more important
A new wave of technological revolution is cresting. Why is the ASX burying its head in the sand?
ASX pares losses; Bendigo Bank, Westpac lead bank falls
Margin pressures dent Westpac, Bendigo Bank earnings. BlueScope, A2 Milk lift on results beat. Star investors buoyed by new financing offer from Oaktree. Audinate leaps as cost controls improve earnings.
Bosses fail to agree on controversial diversity plan
Finance industry heavyweights failed to agree on diversity reporting guidelines for ASX-listed companies at a Friday meeting.
ASX climbs to new record high
Australia’s sharemarket continued its rally higher on Friday as traders factored in a more reserved Donald Trump on US tariffs.
Senate to probe conveyancing ‘monopoly’
A Senate inquiry will investigate concerns ASX-listed and CBA-backed PEXA has too much control of the $800bn property settlement sector.
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 faces rising regulatory bill over CHESS woes
The market operator is hoping continued volatility drives revenues in the coming year amid mixed interim earnings results.
Chemist Warehouse deal debut helps ASX soar
The Aussie market finished at a new high on Thursday, helped by the listing of the mega Chemist Warehouse–Sigma Healthcare merged business.
‘I’ve chained myself to my desk’: pharmacy king’s powerhouse plans
Chemist Warehouse co-founder Mario Verrocchi has urged franchisees to ‘stick around’ for five more years under the newly-minted merged firm.
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.
Champagne and burritos as Douglass dines out on GYG
Former Magellan chairman Hamish Douglass has broken cover to celebrate his good fortune at keeping a sizeable toe in the water with fast food chain Guzman y Gomez.
Original URL: https://www.theaustralian.com.au/topics/asx/page/6