SkyCity rejects NZ$0.75 conditional takeover proposals
SkyCity Entertainment Group (ASX:SKC) declined two takeover proposals up to NZ$0.75 per share that undervalued the business.
SkyCity Entertainment Group (ASX:SKC) declined two takeover proposals up to NZ$0.75 per share that undervalued the business.
Coles Group (ASX:COL) reported net profit rose 1% to $1.09 billion in FY26, driven by Coles being hit by a $235 million provision.
Woodside Energy (ASX:WDS) reported a 13% increase in first-half operating revenue to US$7.45 billion.
AUB Group (ASX:AUB) achieved an underlying net profit after tax of $224.6 million for FY26.
Symal Group (ASX:SYL) surpassed $1 billion in annual revenue for the first time, reporting $1.14 billion.
Acrow (ASX:ACF) reported $336 million in revenue for the 2026 financial year.
California Attorney General Rob Bonta discusses why he canceled talks with Paramount over the company's merger with Warner Bros. Discovery. Speaking on "Balance of Power: Evening Edition," Bonta also comments on the US Supreme Court siding with President Donald Trump over his plan to use the Postal Service to impose new restrictions on the distribution of mail ballots and Meta Platforms being sued by a bipartisan coalition of states on allegations of deceiving the public.
Ed Al-Hussainy, Portfolio Manager at Columbia Threadneedle Investments, discusses the relative stability of the U.S. dollar against developed market currencies, while highlighting the strength of emerging market currencies fueled by carry trades supported by higher real yields in countries like Brazil, Mexico, Colombia, and South Africa. Despite strong U.S. economic fundamentals, including low unemployment and steady growth, the dollar has underperformed, partly due to the Federal Reserve's slower rate repricing compared to other central banks. He speaks with Romaine Bostick on "The Close."
Donald Trump's family has won preliminary approval to start a national bank, riding a wave of deregulation under the Trump administration. For the president's family, the goal is to expand the use of USD1, their dollar-backed stablecoin, World Liberty Financial said earlier this month after receiving conditional approval. Bloomberg News Financial Reporter Paige Smith has the details of the move for today's Big Take.
Steven Wang, Founder & CEO of Dub, launched the copy trading platform 3 years ago after dropping out of Harvard to become an entrepreneur. He says the app offers a unique alternative to sports betting, and fresh opportunities for the increasing number of young Americans who say they are now investing their money to grow try and grow their wealth. Wang says Dub is for great traders who "don't need to go the traditional sort of boys club and Wall Street path to really become the next superstar."
Ed Morse, Senior Advisor and Commodities Analyst, discusses the recent fall in Brent crude oil prices. The decline is attributed to market attention on the potential impact of Iran sanctions, which are influencing supply expectations and investor sentiment in the commodities market. He speaks with Romaine Bostick on "The Close."
The segment features a discussion with Ankur Jain, CEO of BILT, and Harvey Spevak, Equinox Group Executive Chairman, about the newly launched exclusive partnership between Bilt, a membership and hospitality platform, and Equinox, a luxury fitness brand. The collaboration aims to connect the audiences of both brands by allowing Bilt members to redeem Bilt cash for credits that can be used toward Equinox experiences. The two speak with Romaine Bostick & Emily Graffeo on "The Close."
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