ASX 200 closes flat; ANZ slapped with $250m capital penalty; Tabcorp's $4.6m fine; Inghams misses profit estimates; Wall Street awaits Powell speech
APRA slaps ANZ with $250m penalty after trading scandal. Rex administrators given more time to find buyer. Elanor scraps dividend. ASIC's win in crypto firm fight. Inghams' profit miss, mixed guidance. Legal battles weigh on Fletcher.
Welcome to the Trading Day blog for Friday, August 23. The ASX 200 index closed flat, marginally down to 8023.90 points - ending its 10-day winning streak.
The Aussie dollar is near US67.25c at 5.20pm AEST.
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Originally published as ASX 200 closes flat; ANZ slapped with $250m capital penalty; Tabcorp's $4.6m fine; Inghams misses profit estimates; Wall Street awaits Powell speech
Updates
Why bank may have to pay you hundreds
Nearly two million Aussies could soon receive hundreds of dollars after multiple major banks were ordered to issue more than $28m in refunds.
Alliance bucks trend with record year and ‘better to come’
Just like Rex, Alliance Aviation saw the opportunity to expand its fleet during the Covid pandemic but while one airline failed spectacularly, the other soared to new heights.
Aussie shares flat with all eyes on Israel
The sharemarket inched higher on Thursday as investors braced for Israel’s response to Iranian missile and terror attacks and the release of crucial US jobs data.
Green hydrogen hype fast runs out of steam
The glow of the superfuel is fading fast and this demands a rethink of its role in the path to net zero.
Hunger games: Qantas revamps menu as competition heats up
Faced with tougher competition from a cashed-up Virgin Australia, Qantas is looking to lift its game on the food front with a shake-up of what’s on offer on domestic flights.
‘Kick in the guts’: Major uni to slash jobs
An elite Australian university has been forced to slash jobs because of a huge deficit, which not even enrolling more students could fix.