ASX 200 in biggest weekly fall in six months; Tabcorp tanks; ARN Media lifts Southern Cross bid
ASX down 2.3 per cent this week. AGL slams nuclear debate as muddying landscape. ASIC concerned by Westpac process. Tabcorp CEO's comment was about female regulator. ARN Media lifts Southern Cross bid.
Welcome to the Trading Day blog for Friday, March 15. The ASX 200 index closed down 0.6 per cent to 7670.30 points, with the banks helping the bourse recover from a 1.6 per cent dive earlier in the day.
The Aussie dollar is trading around US65.66c.
More Coverage
Originally published as ASX 200 in biggest weekly fall in six months; Tabcorp tanks; ARN Media lifts Southern Cross bid
Updates
Committee for Brisbane elects new president
A leading member of the Deloitte’s team in Brisbane has been elected president of a top level research and advocacy group that is helping to steer the city’s future.
Chalmers the stock picker makes a bad call
The Future Fund has thrived by having the independence to make its own financial calls. The Treasurer wants to trash this with his own risky bets.
‘Howzat for a holiday’ asks Cummins in new tourism ad
Forget Lara Bingle and her bikini. Pat Cummins and a cricket ball are front and centre of a new Australian tourism ad campaign.
PwC scandal broadens as international partner named
A former PwC Australia partner has named an American heavyweight within the firm allegedly linked to its tax leaks, potentially broadening the scandal to its international offices.
Superannuation fund Aware strikes Brisbane office deal
Investment giant and superannuation fund Aware has bought into a major tower in Brisbane’s CBD from a venture run by heavyweight Dexus.
Mysterious departure of two key banking directors
Westpac chair Steven Gregg has some explaining to do at the AGM after noting in his annual report two of four directors would renominate – but they have now stepped down.