Kevin Gallagher awaits Santos pay day on his private toilet
The Scotsman has attracted a conditional $36 billion offer for the ASX-listed oil and gas company from Abu Dhabi National Oil Company and private equity firm Carlyle. It's yet to get past Jim Chalmers and the Foreign Investment Review Board.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sky News AU
19 minutes ago
- Sky News AU
ASX 200 drops after major wipeout on Wall Street following weak jobs data
The ASX 200 has dropped on Monday after a wipeout on Wall Street, triggered by a softer-than-expected payrolls report. The index dropped 0.25 per cent after about 90 minutes on Monday. Dan Murphy's owner Endeavour Group jumped 3.7 per cent after it was revealed the company's executive chairman Ari Mervis left the company over disagreements with the board. BlueScope has fallen about one per cent as the company has entered into a consortium with several international parties to potentially purchase the Whyalla steelworks. Meanwhile, buy-now-pay-later company Zip Co is down 3.7 per cent, aluminium producer Alcoa Corporation has sunk 4.7 per cent and financial services company Block has dropped 4.4 per cent. The ASX's movement follows news that about 73,000 jobs were added during July in the United States, below the 100,000 expected by economists. This sparked concerns amongst investors who remain on alert for data showing Donald Trump's trade policies are stalling the economy. Wall Street sank on Friday with the Nasdaq sliding 2.2 per cent, the Dow Jones falling 1.2 per cent and the S&P 500 shedding 1.6 per cent. London's FTSE 250 sank 1.2 per cent, Germany's DAX dived 2.7 per cent and the STOXX Europe 600 dived 1.9 per cent on Friday. New Zealand's NZX 50 is flat since trading began on Monday while Japan's Nikkei 225 has dived 2.2 per cent.
Herald Sun
an hour ago
- Herald Sun
Long Shortz: Airtasker
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Tylah Tully chats with Airtasker (ASX:ART) CEO Tim Fung after the company reported a strong end to FY25, posting over $1 million in positive free cash flow and 29% growth in marketplace revenue. Growth was driven by re-acceleration in Australia and rapid international expansion, with the UK business growing over 100% year-on-year and the US soaring by 750%. Backed by strategic media partnerships and city expansions, Airtasker is scaling predictably, and plans to continue reinvesting into brand awareness and platform development across all key markets. Watch the video to learn more. This video was developed in collaboration with Airtasker, a Stockhead client at the time of publishing. The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions. Originally published as Long Shortz with Airtasker: FY25 free cash flow and global growth surge
AU Financial Review
4 hours ago
- AU Financial Review
ASX to open lower as weak US jobs data sparks jitters; $A rallies
The Australian sharemarket is set for a weak start to the week, with investors rattled by fresh signs of a slowdown in the US economy. A softer-than-expected July non-farm payrolls report spurred concerns about the health of the world's largest economy. Just 73,000 jobs were added in the month – well short of the 100,000 forecast by economists. Adding to the gloom, previous months' figures were revised sharply lower, with a combined 258,000 jobs stripped from the May and June tallies. That dragged the three-month average to 35,000 – the slowest pace of hiring outside the pandemic since 2010. ASX futures slipped 32 points, or 0.4 per cent, to 8710, tracking a steep decline on Wall Street, where the S&P 500 shed 1.6 per cent on Friday. The Australian dollar jumped 0.8 per cent to US64.7¢ as the weak data sent the greenback tumbling. Perpetual head of investment strategy Matthew Sherwood said the report confirmed that earlier signs of cooling demand were now showing up in the labour market. 'Domestic demand had already been slowing through the first half of the year, and now we're seeing that reflected in jobs,' Sherwood said. 'The revisions were the key story – they suggest the market's been overestimating the strength of the economy.' He warned that investors were beginning to question whether valuations could hold up as the cycle turns. 'We're sitting at valuation levels close to the highest in two decades,' he said. 'With the economy looking like it's approaching stall speed, that's bound to affect earnings expectations.' The US dollar slumped on the jobs report, fuelling gains in the Aussie, which was last up 0.6 per cent to US64.62¢ ahead of Monday's open. Locally, attention shifts to August earnings season, with a heavy slate of results due this week from names including REA Group, AMP, News Corp, Nick Scali, QBE Insurance and Block. Markets are also eyeing the Bank of England's upcoming interest rate decision, with economists tipping a 25 basis point cut that would lower the UK cash rate to 4 per cent.
