ASX 200 rises; Nine CEO Mike Sneesby to exit; Star on watch; Brickworks impairment; Qantas ex-CEO Alan Joyce paid millions
Nine's change of guard as Mike Sneesby leaves at the end of September. Brickworks flags $123.5m impairment on weak markets. Qantas ex-boss Joyce paid millions more. ACCC gives banks, AusPost, supermarkets nod for cash-in-transit contingency planning.
Welcome to the Trading Day blog for Thursday, September 12. The ASX 200 index closed 1.1 per cent higher to 8075.70 points after strong late gains on a boost to US futures.
The Aussie dollar is trading around US66.85c at 5pm AEST.
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Originally published as ASX 200 rises; Nine CEO Mike Sneesby to exit; Star on watch; Brickworks impairment; Qantas ex-CEO Alan Joyce paid millions
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
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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.