Fortescue, Chalice lead broad ASX falls
PwC pay cuts amid ‘reputational challenges’. Billionaire Solomon Lew’s Myer top-up. Fortescue’s revolving door. Qantas trust issues weigh. Mayne continues to bleed.
Markets
ASX up for fourth straight day
The Aussie share market remained largely flat with one major retailer seeing its profits slide by more than a third.
ASX 200 ends flat; Orora raising $1.6bn;
Australia’s shares end flat after a strong rebound this week Orora is raising $1.6bn for Saverglass buy. Qantas CEO’s appeal to restore ‘lost faith’. China data, local capex boost for AUD. Harvey Norman, IGO dividends lift shares. Healthia rockets 79 per cent on takeover.
ASX up after inflation eases again
The Australian share market has stepped up after fresh inflation figures undershot economists’ expectations.
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Westpac targeted over ‘unlawful’ charges
Westpac bank has been taken to court for allegedly charging hundreds of customers for a product they didn’t sign up for.
Stocks on track for bumper year
Australian shares are on track for their best financial-year gain in eight years.
Deliveroo tanks on debut
London’s biggest IPO for a decade has been smashed on debut amid concerns about the treatment of workers.
Buying lacks conviction as investors keep wary eye on Fed
It was a sharp but unconvincing rise in Australian shares this week.
Bank reacts to nation’s ’incredible optimism’
The nation’s largest business bank will increase the number of business bankers in regional Australia to help with the flood recovery.
Airtasker a green light for bigger IPOs
The second day price bounce of gig economy star stock Airtasker paves the way for billion-dollar IPOs waiting in the wings
150,000 Australian’s jobs at risk
About 150,000 jobs could be lost as Australia’s economy begins to enter a worrying period of recovery from the coronavirus pandemic.
Invest in a history lesson
Two of the towering figures of the 20th century were both big investors. One was a clear winner.
ASX ends week lower
The Australian sharemarket has ended the week lower following larger falls felt in US markets overnight.
Australian jobless rate falls
The jobless rate has fallen to 5.8 per cent, with more than 89,000 Australians picking up work between January and February.
Original URL: https://www.thechronicle.com.au/business/markets/page/197