Kroll Australia says the proposed merger is in the best of Southern Cross’ shareholders, who will benefit from being part of a bigger, diversified group with higher earnings and a stronger balance sheet.
The RBA has lefts rates on hold and is now expecting inflation to soar to 3.7 per cent next year . The consumer price index is tipped to remain above target for a year.
While sales growth at the group’s flagship retail chain Bunnings has improved on the June half-year, cost-of-living pressures are still weighing on shoppers.
Haul road problems are in the rear view mirror, Mineral Resources says, and the company is now on track to reach full-year volume and cost guidance across the board.
The President lauded the chipmaker’s chief executive, Jensen Huang, on his Asia trip, as Nvidia pitches itself for a central role in Donald Trump’s economic plan
Wednesday’s surprise inflation data hurt share investors and sent property stocks lower as evidence of more food price rises threatens to sting retailers like Woolworths.