ASX 200 rises; wages growth cools, but no rate cuts yet; CSL guidance disappoints; Seek swings to loss; Orora rejects $3.4bn bid
Wages growth at its slowest pace in two years, but no rate cut yet. CSL's FY25 guidance disappoints. Orora rejects Lone Star's 'opportunistic' $4.3bn offer. Seek dives after swing to loss. Temple & Webster soars on trading update.
Welcome to the Trading Day blog for Tuesday, August 13. The ASX 200 index rose 0.2 per cent to 7826.80 points. US indexes closed mixed ahead of key inflation data.
The Aussie dollar is trading around US65.97c at 5.05pm AEST after quarterly WPI data was released.
Originally published as ASX 200 rises; wages growth cools, but no rate cuts yet; CSL guidance disappoints; Seek swings to loss; Orora rejects $3.4bn bid
Updates
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.