Ex-premier’s next move after bombshell
Former NSW premier Dominic Perrottet has made a bombshell announcement about his future.
Former NSW premier Dominic Perrottet has made a bombshell announcement about his future.
BHP has made good on its boast of being the best mining operator in the business, posting strong production gains in iron ore and copper.
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.
Battered BHP’s valuation is sinking as Commonwealth Bank surges to become the biggest stock on the Australian sharemarket.
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.
BHP’s decision on nickel is a wake-up call that big business makes long-term decisions on how it will deploy capital on economic, not political, terms.
BHP says it will do its best to minimise the impact of its Nickel West closure, but the mining industry in Western Australia will feel it for some time.
Western Australia premier Roger Cook has defended Labor’s efforts in the lead-up to BHP’s decision to suspend its nickel operations in WA.
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.
The Australian sharemarket fell for its third straight session on Thursday, dragged down by Wall St, inflation fears and a tumble at BHP.
Anglo’s rejection of BHP was quite simply moronic, and now the ‘Big Australian’ can simply step back and watch as its smaller rival implodes.
Mike Henry is unlikely to dwell too much on what could have been after abandoning his $74bn pursuit of Anglo American, with the BHP boss expected to move onto other opportunities.
BHP’s bid strategy for Anglo American has been called into question, with one shareholder saying a modest increase in the offer might have tipped the scales in mining giant’s favour.
Shareholders in Anglo American will want justification for any future firm rejection of a deal with BHP for the majority of its portfolio.
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.
The Australian giant has walked away from a six-week pursuit of Anglo American after failing to convince its rival to engage in further talks.
BHP had tried to show that it was moving to allay concerns around risks in South Africa related to its deal but Anglo American has slammed the door shut on further talks
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.
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