Welcome to the Fear and Greed Business News Afternoon Report for Tuesday, the first of April twenty twenty five. I'm Sean Almer. Every afternoon, we've got the five stories that happened today that you need to know about. Story and one, the Reserve Bank left the official cash rate unchanged at four point one percent today and gave little hint of when the next move will be. The outcome helped push the local share market high, with the SMPA six two hundred finishing up more than one percent to seven nine hundred and twenty five points. Two thirds of the companies on the top two hundred ended higher, with some big moves among large caps. Goodman Group, Aristocrat Leisure, Fortescue, Medals, Qbria all jumped around two percent. In corporate news, av Jennings rallied eight percent after the home builder announced US real estate giant Approprium Capital and its local development Avid Property will acquire one hundred percent of its shares for sixty five and a half cents, and insurer Tower fell eight percent after Main Capital sold around round sixty eight million shares in the group. Story number two on the campaign trail, opposition leader Peter Dutton today promised one point five billion dollars to complete the Melbourne Airport rail link. The opposition also said it would lower our serviceability ratios to boost borrower's capacity to find money for home loans. Both sides were on the attack today, with debate ranging from healthcare to housing affordability and the Chinese spy ship off the coast of Australia and then the Albanezi was in Adelaide. He says he'll officially launch the ALP campaign in Western Australia on April thirteen, demonstrating that state's importance to the polls. We also found out today that the first election debate between the two leaders will be held on April eight, that's a week from today. Story number three Virgin Australia is planning to list on the AASEX in June after a five year absence. The company and its executives met with prospective investors today for the first time since twenty twenty three in a rocho Builled as a business update, but it flows at a timeline of raising capital in May and listing on the share market in June, according to the Finn Review. At the same time, Virgin has restructured into a public company, a key step towards a listing. According to filings with the corporate regulator, Private equity group Bain is the majority owner of Virgin, while Qatar Airways has a twenty five percent stake. It delisted from the ASEX in late twenty twenty after falling into administration. Storing number four Industry Superannuation Giane Hester says the return of wise Tech Global's former chair Andrew Harrison as an independent director at the logistics software group has failed to meet its expectations of proper corporate governance. According to his story in The Finn, Hester, which manages ninety one billion dollars in investments, is the second industry fund in the past month to raise concerns about wis Tech's leadership and governance. Last month, Australian Super which had been a shareholder since twenty sixteen, confirmed that it had sold its two point two six percent stake in Wistech It's worth about five hundred and eighty million bucks. It was unsatisfied with how the group was being governed, and story number five well. French politics is always dramatic, though the last twenty four hours have been particularly incredible. A French court has convicted Marien La Penn of embezzlement and barred her from seeking public office for five years. Mareene Lapenn is the leading presidential hope of the far right party, very nearly topped Emmanuel Macron in the last election. La Penn's lawyer said she will appeal the verdict, but she will remain ineligible while she does, and so she could be ruled out of the twenty twenty seven percentage to raise. She was also sentenced to two years under house arrest. Her party called for mass protests in response to the ruling by three judges. Now. The court found that a system of fake contracts and jobs helped La Pen's party siphon off about four point four million euros of EU funds by using parliamentary assistance in Brussels to work for the party in France. So broad with the political implications that even some of La Pen's opponents reacted by saying that the Paris court had gone too far as it. For the Afternoon Report for Tuesday, the first of April twenty twenty five, make sure you hit follow on the podcast. We will be back tomorrow morning with the Wednesday edition of the Fast five business news by fear and Greed. I'm Sean Elmer. Enjoy your evening.

Welcome to the Fear and Greed Business News Afternoon Report for Tuesday, the first of April twenty twenty five. I'm Sean Almer. Every afternoon, we've got the five stories that happened today that you need to know about. Story and one, the Reserve Bank left the official cash rate unchanged at four point one percent today and gave little hint of when the next move will be. The outcome helped push the local share market high, with the SMPA six two hundred finishing up more than one percent to seven nine hundred and twenty five points. Two thirds of the companies on the top two hundred ended higher, with some big moves among large caps. Goodman Group, Aristocrat Leisure, Fortescue, Medals, Qbria all jumped around two percent. In corporate news, av Jennings rallied eight percent after the home builder announced US real estate giant Approprium Capital and its local development Avid Property will acquire one hundred percent of its shares for sixty five and a half cents, and insurer Tower fell eight percent after Main Capital sold around round sixty eight million shares in the group. Story number two on the campaign trail, opposition leader Peter Dutton today promised one point five billion dollars to complete the Melbourne Airport rail link. The opposition also said it would lower our serviceability ratios to boost borrower's capacity to find money for home loans. Both sides were on the attack today, with debate ranging from healthcare to housing affordability and the Chinese spy ship off the coast of Australia and then the Albanezi was in Adelaide. He says he'll officially launch the ALP campaign in Western Australia on April thirteen, demonstrating that state's importance to the polls. We also found out today that the first election debate between the two leaders will be held on April eight, that's a week from today. Story number three Virgin Australia is planning to list on the AASEX in June after a five year absence. The company and its executives met with prospective investors today for the first time since twenty twenty three in a rocho Builled as a business update, but it flows at a timeline of raising capital in May and listing on the share market in June, according to the Finn Review. At the same time, Virgin has restructured into a public company, a key step towards a listing. According to filings with the corporate regulator, Private equity group Bain is the majority owner of Virgin, while Qatar Airways has a twenty five percent stake. It delisted from the ASEX in late twenty twenty after falling into administration. Storing number four Industry Superannuation Giane Hester says the return of wise Tech Global's former chair Andrew Harrison as an independent director at the logistics software group has failed to meet its expectations of proper corporate governance. According to his story in The Finn, Hester, which manages ninety one billion dollars in investments, is the second industry fund in the past month to raise concerns about wis Tech's leadership and governance. Last month, Australian Super which had been a shareholder since twenty sixteen, confirmed that it had sold its two point two six percent stake in Wistech It's worth about five hundred and eighty million bucks. It was unsatisfied with how the group was being governed, and story number five well. French politics is always dramatic, though the last twenty four hours have been particularly incredible. A French court has convicted Marien La Penn of embezzlement and barred her from seeking public office for five years. Mareene Lapenn is the leading presidential hope of the far right party, very nearly topped Emmanuel Macron in the last election. La Penn's lawyer said she will appeal the verdict, but she will remain ineligible while she does, and so she could be ruled out of the twenty twenty seven percentage to raise. She was also sentenced to two years under house arrest. Her party called for mass protests in response to the ruling by three judges. Now. The court found that a system of fake contracts and jobs helped La Pen's party siphon off about four point four million euros of EU funds by using parliamentary assistance in Brussels to work for the party in France. So broad with the political implications that even some of La Pen's opponents reacted by saying that the Paris court had gone too far as it. For the Afternoon Report for Tuesday, the first of April twenty twenty five, make sure you hit follow on the podcast. We will be back tomorrow morning with the Wednesday edition of the Fast five business news by fear and Greed. I'm Sean Elmer. Enjoy your evening.