Markets

A walkout by the chairman and three directors of WiseTech has shaved more than $9b off the global logistics software company’s market capitalisation. 

US online property giant CoStar has lobbed a multibillion-dollar bid to buy out all of Nine Entertainment-controlled Domain Group.

Reserve Bank Governor Michele Bullock has scotched suggestions that this week’s interest rate cut was a “lay-down misere” as a result of Government pressure.

Super Retail Group is not intimidated by Wesfarmers-owned Bunnings’ bigger push into automotive, noting it wasn’t Supercheap Auto’s ‘first rodeo’ in going up against new players in the market.

Telecommunications giant Telstra has unveiled a $750 million share buy back on the back of a stronger half-year profit.

AARON PATRICK: Keen watchers of the normally conservative central bank board are asking if it bowed to political pressure to boost the economy before the Federal election?

The company behind Donut King and Gloria Jean’s is set to muscle its way into the local $1.7 billion sandwich category in Australia.

Santos plans to slash costs by up to $US150 million ($240m) over the next two years and boss Kevin Gallagher has again played down the prospects for WA’s Dorado oil project.

Property developer and investor Stockland has reported a flat first-half performance, with benefits of reported turnarounds in its big suburban land development projects yet to lift the bottom line.

AARON PATRICK: Home prices could rise 10 per cent this year, according to a forecaster, as Australians become more optimistic about the economy.

The Reserve Bank has delivered the slightest of reprieves of homeowners but sent a clear warning that this is not going to be the start of a strong cutting cycle.