Generation Development Group has acquired the remaining interest in Lonsec, changing the profile of the company into the future.

Generation Development Group has acquired the remaining interest in Lonsec, changing the profile of the company into the future.

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Join Deborah Knight for Money News, the most respected business program on radio.
 If you crave the latest insights into super &amp; small business, interest rates &amp; investment, and economics &amp; e-commerce, then the team at Money News has everything you need to know.
 Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing <a href="mailto:moneynews@2gb.com">moneynews@2gb.com</a>

Money News

Money News - Highlights

Grant Hackett, CEO & Managing Director of Generation Development Group

Negative gearing & capital gains tax changes dominate political discussion; Star Entertainment posts a $1.7 billion loss in a challenging year; Weet-bix & Vita Brits could find themselves under the same umbrella; footy finals make a huge difference towards the bottom line of media networks; more Australians getting extra jobs to build their wealth; and Scott Phillips joins us for the Market Wrap.



Host: Deb Knight

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

Negative gearing &amp; capital gains tax changes dominate political discussion; Star Entertainment posts a $1.7 billion loss in a challenging year; Weet-bix &amp; Vita Brits could find themselves under the same umbrella; footy finals make a huge difference towards the bottom line of media networks; more Australians getting extra jobs to build their wealth; and Scott Phillips joins us for the Market Wrap.
 
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio

Money News with Deb Knight - 26th September

Footy finals have descended upon us, but what sort of impact do they make for media networks and their advertisers?

Footy finals have descended upon us, but what sort of impact do they make for media networks and their advertisers?

Ben Willee, General Manager and Media Director for Spinach Advertising

Star Entertainment has got its lifeline, but with losses of $1.7 billion in the last year, is it too little too late?

MARKET WRAP:
ASX200: up 0.95%, 8,203
GOLD: $2,693 US/oz
BITCOIN: $93,043 AUD
Sliding late in the day was the Energy sector, which dropped 1.1% as the price of Brent Crude plunged in late trading.
Woodside closing down 2.7% to $24.70 and Santos dropped 2.3% to $6.92.
Commonwealth, Westpac and ANZ all finished down. 
Underwear retailer Step One fell 8.8% on the news that its founder and chief executive was selling stock.
Brickworks saw shares jump 7.2% after beating expectations to post a net loss of $119 million for the year.
Consumer Discretionary winners included Wesfarmers, up 1.5%, Aristocrat Leisure, rising 2.8%, and JB Hi-Fi, up 3%.
BHP & CSL lifted 1.6%, as Wisetech Global gained 2.8%.

CURRENCY UPDATE:
AUD/USD: 68.68 US cents
AUD/GBP: 51.4 pence
AUD/EUR: 61 Euro cents
AUD/JPY: 99 Japanese yen
AUD/NZD: 1.09 NZ dollars

Star Entertainment has got its lifeline, but with losses of $1.7 billion in the last year, is it too little too late?
MARKET WRAP:
<ul>
<ul>
<li aria-level="1">ASX200: up 0.95%, 8,203</li>
<li aria-level="1">GOLD: $2,693 US/oz</li>
<li aria-level="1">BITCOIN: $93,043 AUD</li>
</ul>
</ul>
<ul>
<li aria-level="1">Sliding late in the day was the Energy sector, which dropped 1.1% as the price of Brent Crude plunged in late trading.</li>
<li aria-level="1">Woodside closing down 2.7% to $24.70 and Santos dropped 2.3% to $6.92.</li>
<li aria-level="1">Commonwealth, Westpac and ANZ all finished down. </li>
<li aria-level="1">Underwear retailer Step One fell 8.8% on the news that its founder and chief executive was selling stock.</li>
<li aria-level="1">Brickworks saw shares jump 7.2% after beating expectations to post a net loss of $119 million for the year.</li>
<li aria-level="1">Consumer Discretionary winners included Wesfarmers, up 1.5%, Aristocrat Leisure, rising 2.8%, and JB Hi-Fi, up 3%.</li>
<li aria-level="1">BHP &amp; CSL lifted 1.6%, as Wisetech Global gained 2.8%.</li>
</ul>
CURRENCY UPDATE:
<ul>
<li aria-level="1">AUD/USD: 68.68 US cents</li>
<li aria-level="1">AUD/GBP: 51.4 pence</li>
<li aria-level="1">AUD/EUR: 61 Euro cents</li>
<li aria-level="1">AUD/JPY: 99 Japanese yen</li>
<li aria-level="1">AUD/NZD: 1.09 NZ dollars</li>
</ul>

Grant Hackett, CEO & Managing Director of Generation Development Group

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