ASX 200 down on BHP, Rio shedding; Sigma soars after ACCC offer; retail sales jump; Powell signals more rate cuts
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.
Welcome to the Trading Day blog for Tuesday, October 1. The ASX 200 index closed 0.7 per cent lower to 8208.90 points on weak miners and banks.
The Aussie dollar is near US69.28c at 5pm AEST.
Originally published as ASX 200 down on BHP, Rio shedding; Sigma soars after ACCC offer; retail sales jump; Powell signals more rate cuts
Updates
$200m upgrade plan for busy airport
Australia’s busiest domestic terminal is set to be upgraded for the first time in more than 30 years, in a multimillion-dollar project.
Security overhaul on the cards at Sydney Airport
‘No pain, no gain’. Sydney Airport is about to embark on a major overhaul of its T2 terminal — for the greater good of passengers.
ASX closes down after record day
The ASX closed down on Wednesday as investors took advantage to take a profit following a record day of trading on Tuesday.
Cruise ship casino class action close as Aussies speak out
Cruise line giant P&O has been accused of encouraging vulnerable passengers to gamble and rack up huge debts.
Worrying trend emerging in cybercrime
A new report has revealed a worrying increase in cybercriminal attacks on wealthy private schools, using sinister techniques to hack sensitive data.
Aussies’ $103bn pay packet for one month
Australians were paid a historic amount overall for the month of September, as wages growth and the number of hours people were working increased.