ASX 200 rises as banks, miners seesaw; Sigma rockets on ACCC nod to Chemist merger; NAB profit down; Regis legal challenge
ACCC gives nod for Sigma's multibillion dollar union with Chemist Warehouse. Regis launches legal action against Plibersek mine decision. Kerry Stokes starts swinging at AGM. Business leaders warn of Trump trade implications.
Welcome to the Trading Day blog for Thursday, November 7. The ASX 200 index closed 0.3 per cent higher to 8226.30 points after a rollercoaster day. All three major Wall Street indexes closed at record highs on Donald Trump's victory.
The Aussie dollar is trading around US66.21c at 5.30pm AEDT.
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Originally published as ASX 200 rises as banks, miners seesaw; Sigma rockets on ACCC nod to Chemist merger; NAB profit down; Regis legal challenge
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.
$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.