ASX 200 up; BlueScope warning; Westpac Q3 profit flat, A2 Milk's profit miss; SkyCity, Aus Vintage flag impairments; Reece beats expectations
Mixed reactions to Westpac update. BlueScope falls on FY24 profit drop. A2 Milk plummets on missed expectations. Lendlease losses grow. Australian Vintage, SkyCity flag impairments. Reece tanks on near-term challenges.
Welcome to the Trading Day blog for Monday, August 19. The ASX 200 index closed 1 per cent higher to 7980.40 points.
The Aussie dollar is trading around US66.87c at 5.10pm AEST.
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Originally published as ASX 200 up; BlueScope warning; Westpac Q3 profit flat, A2 Milk's profit miss; SkyCity, Aus Vintage flag impairments; Reece beats expectations
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.