ASX 200 falls; Westpac names Anthony Miller next CEO; Smiggle boss John Cheston sacked; Star on watch
Premier Investments flags lower earnings, sacked Smiggle boss Cheston denies 'serious misconduct'. Hotel Property Investments rejects $718m bid by Charter Hall Retail, Hostplus. Westpac CEO successor named. Steadfast in a trading halt. Star results awaited.
Welcome to the Trading Day blog for Monday, September 9. The ASX 200 index closed 0.3 per cent lower to 7988.10 points following a sharp selldown on Wall Street on Friday.
The Aussie dollar is trading around US66.69c around 5pm AEST.
Originally published as ASX 200 falls; Westpac names Anthony Miller next CEO; Smiggle boss John Cheston sacked; Star on watch
Amazon CEO makes huge WFH decision
The boss of Amazon has made a major announcement to staff about working from home, as he moves to “remove layers” from the business.
ASX hits new high; Platinum soars on Regal bid
New Hope's underlying earnings still solid on 'robust' coal price. Platinum urges no action amid Regal bid assessment. Casino operator Star agrees lender terms. Genesis back to claim Pacific Smiles control. Webjet demerger vote.
Anglo risks getting caught in the four traps it set for BHP
BHP boss Mike Henry has publicly moved on from Anglo American but the London-listed former target remains even more vulnerable.
New record high for Aussie shares
Growing jubilance around this week’s interest rate cut in the world’s largest economy propelled Aussie shares to a record high.
Virgin Australia pilots in line for $42K rise
Virgin Australia’s most senior pilots can look forward to a hefty pay rise this year if they vote to approve a new work agreement.
Coalition slams Labor ‘inaction’ on airlines
The Coalition says travellers are seeing the effects of government inaction on airline competition, after domestic fares jumped 12 per cent following Rex’s exit from major city routes.