ASX lifts; Santos falls as merger talks end
Woodside up after ceasing talks; Santos boss confident about future. CSR drops on UBS downgrade. Woolworths, Coles defend against price gouging claims. Ross McEwan decided in 2023 to leave NAB.
National Australia Bank
Big four bank to close dozens of branches
The major bank claims the closures are due to more people choosing to bank online or over the phone.
How NAB’s customer brain is taking banking ‘back to the 1970s’
Using billions of data points, NAB has built what its calls its ‘customer brain’, which aims to solve banking problems before they arise.
Supermarkets face their own moment of reckoning
Coles and Woolies need to win back trust. But it’s consumers – not governments – that should hold them to account.
ASX 200 rises on health stocks
ASX rises for third day straight after US records. Prices, costs growth fall sharply: NAB survey. Future Fund cautions market on inflation fight. Another executive leaves Qantas.
Job fears on the rise
People are increasingly concerned about their job security in the year ahead, according to NAB research, particularly younger Australian workers.
ASX ends losing streak, lifts 1pc
IMF sees potential need for RBA hike. Yancoal leads coal miners. Whitehaven flags partial sale of Blackwater mine. NAB CEO sees late 2024 economic recovery. Santos’ NT Barossa nod.
Bank returns unlikely to bounce back: Goldman Sachs
Aussie banks are predicted to see returns remain limited despite expectations interest rates will come down in 2024.
Another big bank says interest rate rises have peaked
NAB has changed its call on official interest rates ahead of the Reserve Bank of Australia’s board meeting in early February.
ASX 200 ends down on weak China data
ASX at fresh five-week low. China GDP up 5.2pc in 2023. Ecuador seeks $US209m from Worley. NAB sees rates on hold until November. Evolution Mining dives, Citi upgrades to a buy.
Wealthy investors turning to fixed interest: NAB
NAB’s private banking arm is getting ready for a generation of wealthy Australians to hand their money on.
Bullets buck Kings hoodoo to nab second win on the trot
Coming into Sunday night’s game, the Brisbane Bullets had lost 10 times in a row to the Sydney Kings, but the monkey is off their backs after a hoodoo-breaking win.
Living costs spur hike in shop theft
Cost-of-living pressures have pushed retail theft in Victoria to a record high, climbing from 7308 to a staggering 26,229 offences in the year to September, with meat and toiletries the main targets.
Shoppers to cut Christmas spending as bills stack up
Australians will be making forced changes to their spending intentions this Christmas, with six in 10 deciding to pull back on presents to counter growing pressures on household budgets.
ASX reaches new 10-month high; Pexa dives
ASX 200 has best daily close in 10 months. Pexa dives 11.8 per cent after Smoove update. Sezzle soars for no obvious reason. KMD down after weak consumer sentiment hits sales. Airbnb to cough up $30m.
IPL Auction: Aussies spark bidding mayhem, nab huge paydays
The IPL auction has delivered huge paydays for Australians with Travis Head, Pat Cummins and Mitch Starc cashing in on Australia’s World Cup win.
How Cummins, Langer could reunite after saga of disharmony
Less than two years after his messy exit from the Australian fold, Justin Langer could be reunited with Pat Cummins, or another of Australia’s famous quicks, reports DANIEL CHERNY.
Cautious NAB points to second-half recovery
National Australia Bank has outlined a cautious economic outlook as its executives addressed shareholders, warning of tough times ahead but pointing to recovery in the second half of 2024.
ASX has best week in five months
Third straight weekly gain for ASX 200. Iluka refinery to cost up to $1.8bn. EverBlu’s Adam Blumenthal accepts 5-year ban, $850,000 fine. Adbri up on earnings upgrade.
Jarden positioned for more deals after $27bn ‘Project Eden’ merger
Jarden’s mega-merger of its wealth unit with JBWere to create $27bn funds under management positions the investment bank strongly for the 2024 pipeline.
NAB announces NZ wealth merger with Jarden, PEP
The deal creates a wealth management powerhouse in New Zealand, with $27bn of funds under administration.
ASX 200 lifts; Fortescue at record high
Rio Tinto shares at highest since July 2021. NAB, CBA and ANZ see weak December for retail spending. Sigma investors back Chemist Warehouse merger. Markets await US Federal Reserve rate call.
Investors back downsizers as start-ups nab new money
A start-up which uses equity in your home to purchase off-the-plan penthouses has raised $2m, while another which creates personalised recipes with AI has bagged $4.15m.
Tech rally lifts ASX 200 to 3-month high
Markets await key US inflation data. Elders, Rural Bank end agribusiness loan deal. Business conditions, confidence fade as consumer sentiment stays weak. China lifts Aussie beef ban for 3 abattoirs.
Bank payouts to tumble, Macquarie warns
Macquarie has told investors to prepare for lean years of bank payouts, warning current dividend and buyback levels are ‘unsustainable’.
Car market capturing banks’ interest
Australia’s car market is running hot – and the big banks are along for the ride. NAB is the latest mover, taking a share in ASX fintech Plenti Group.
Move quick for festive holiday bargains with little joy in new year
Festive bargain hunters may still be able to nab a holiday deal as more Australians jet set overseas.
Retail and health start-ups among the biggest cap raises
These three start-ups have raised over $7m in a week from investors keen on their tech for preventive healthcare, retail revolution and helping telcos nab customers from each other.
Economy must slow, nation must build: NAB
Ross McEwan says the next four to six weeks will give him a sense of how effective the last bout of interest rate rises has been in controlling consumer spending.
Major bank to close multiple branches
One of the country’s big four banks has confirmed five branches will be closed for good in early 2024.
Original URL: https://www.theaustralian.com.au/topics/national-australia-bank/page/7