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.
The Treasury is monitoring falling iron ore prices, as it warns continued struggle could result in a $3 billion dent in the Australian economy.
With the rising cost of living stretching budgets further than ever, cost-conscious Aussies are cutting back. It’s left one key industry in a battle to survive.
Steadfast on not cutting rates anytime soon, the RBA governor’s comments have done little to dampen the mood on the ASX on Friday.
MMA Offshore agrees to Singapore bid. Crown to learn licence fate tomorrow. Knight Frank, Bayleys to buy McGrath. Star in seesaw session. Eureka rejects Aspen bid. Perseus wins OreCorp race.
Supermarket catalogues from a decade ago to just four years ago show how prices have jumped exponentially.
Supermarket catalogues from a decade ago to just four years ago show how prices have jumped exponentially.
CBA, BHP, Woodside declines weigh. RBA notes resilient borrowers as mortgage arrears soar. Myer executives exit ahead of Wirth entry. Fisher & Paykel jumps. Aspen’s Eureka play hits Cottle hurdle.
The ASX booked a ‘relief rally’ on Thursday on the back of a US Federal Reserve meeting that maintained its outlook for three rate cuts in 2024.
Strong jobs data reduces prospect of early rate cut. Chemist Warehouse profit doubles as Sigma earnings pick up. Brickworks falls on loss. Gold hits record high, miners rally. Small-caps ASM, Namoi Cotton jump.
Sierra Rutile soars on unsolicited bid. Iconic retailer Godfreys to shutter. OreCorp lifts amid Perseus, Silvercorp tussle. Amcor falls on CEO’s retirement. Listed minnow slapped with huge fine.
The Australian sharemarket has edged lower after a day of choppy trading as cautious investors await the all-important US Federal Reserve meeting.
The livelihoods of 55 people have evaporated after a 50-year-old construction company went bust with $20m in debt.
Australia’s surging mining giants pushed the ASX higher on the day the Reserve Bank left the cash rate unchanged.
Original URL: https://www.thechronicle.com.au/business/markets/page/44