ASX 200 slips; sharp falls by big banks offset mining rebounds; Myer up on Olivia Wirth news; Superloop soars as ABB dives
The sharemarket has closed slightly lower, as Macquarie downgrade hits banks. Appen dives as takeover bid dropped. Superloop soars as wins contract, Aussie Broadband tanks.
Welcome to the Trading Day blog for Thursday, March 14. The ASX 200 index finished 0.2 per cent lower at 7,713.6 points, as sharp losses by the big banks offset a rebound by big miners.
The Aussie dollar is trading around US66.17c.
More Coverage
Originally published as ASX 200 slips; sharp falls by big banks offset mining rebounds; Myer up on Olivia Wirth news; Superloop soars as ABB dives
Updates
Committee for Brisbane elects new president
A leading member of the Deloitte’s team in Brisbane has been elected president of a top level research and advocacy group that is helping to steer the city’s future.
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.
PwC scandal broadens as international partner named
A former PwC Australia partner has named an American heavyweight within the firm allegedly linked to its tax leaks, potentially broadening the scandal to its international offices.
Superannuation fund Aware strikes Brisbane office deal
Investment giant and superannuation fund Aware has bought into a major tower in Brisbane’s CBD from a venture run by heavyweight Dexus.
Mysterious departure of two key banking directors
Westpac chair Steven Gregg has some explaining to do at the AGM after noting in his annual report two of four directors would renominate – but they have now stepped down.