Welcome to the Fear and Greed Business News Afternoon Report for Monday, the two of December twenty twenty four. I'm Sean Aylmer. Every afternoon, we've got the five stories that happened today that you need to know about. Story number one, the SMPA six two hundred closed up just to touch today to eighty four hundred and forty five points. Wasn't really that much going on. The big miners and retailed stocks were higher, while the banks were mixed outperformers among the large caps at least we're wise Tech Global and West Farmers. Those are only up a little over one percent. Goodman Group was the underperformer. Across the market, Tech stocks and consumer discretionary businesses did best, while healthcare did worst. In corporate news, Telstra said it has acquired boost Mobile for an undisclosed sum. Northern Star, the gold Digger, agreed to buy smaller rival to Gray Mining for five billion dollars. That's a big deal in that sector. And fund manager net Wealth said its funds under management has pasted one hundred billion dollars for the first time. Mind You investors sold off the stock. It finished down nearly five percent. Mind you, it's up about nine percent this year. Story number two met Cash, the wholesaler to Igasupermarkets, has struggled to grow earnings in the past six months, even on higher revenue. Its half year result to the end of Octaber was better than expected, and that meant its share price rose two point four percent. The group profit was about one point four to two million dollars, though it did cut its interim dibden by about twenty two percent and revenue was high. Chief executive officer Doug Jones said holding market share as shoppers look beyond Coals and Woolly's was a challenge, but Ija seemed to be doing it. Metcash's portfolios include IgA food Land and Richies, as well as Minor ten and Total Tools. They also have some liquor stores. While supermarkets held up well, the hardware stores suffered with sales down nearly six percent. Story number three Sidney Harbor's Lunar Park is back in low hands after pub and hotel company Oscars Group bought it off Canadian giant Brookfield. Oscar's plans to have a series of new harveside restaurants and bars at the location. Brookfield bought it from Multiplex back in two thousand and seven, then put it up for sale in June this year. The price wasn't disclosed, but it's expected to be that fifty sixty seventy million dollar mark. Might not sound a lot, but under New South Waleses law, the site must remain an amusement facility, so you can't knock it down and build houses or anything like that. Hence the price probably isn't as high as many people thought it might be. It will take more money to introduce new rides, eteries and conference facilities, and that's what Oscars Group plans to do. Oscars Group beat off others including Warner Brothers, Movie World and Dream World. Story number four, the largest attempted importation of cocaine in Australia's history, has been thwarted by police who have charged more than a dozen people over the billion dollar hall. The AFP charged eleven men and two juveniles with conspiring to import two point three four tons of cocaine into the country by sea. According to AAP, it's alleged the men and crew of a vessel attempted to import the drugs into Queensland, with multiple groups planning to collect the cocaine on shore. The men were arrested on Saturday following a collaborative effort by the AFP and Queensland Police investigating a transnational organized crime sending it. The amount of cocaine allegedly attempted to be imported weighs the same as a forward raptor ut and story numbers five. A record number of Australians are struggling to pay their energy bills, according to the Market Regulatum. The Australian Energy Regulatum said that one point nine percent of customers are now on hardship payment plans. That's up from one point four percent twelve months ago, but the average cost of debt is lower than twelve months earlier thanks to the federal government's three hundred dollars rebate introduced on one July. The regulator also said more people entering hardship payments are doing it earlier and that's a good thing. It's it The Afternoon Report for Monday, the two December twenty twenty four. Michael Thompson and I will be back tomorrow morning with the Tuesday edition of Fear and Greed Business News. I'm Sean Elma. Enjoy your evening.

Welcome to the Fear and Greed Business News Afternoon Report for Monday, the two of December twenty twenty four. I'm Sean Aylmer. Every afternoon, we've got the five stories that happened today that you need to know about. Story number one, the SMPA six two hundred closed up just to touch today to eighty four hundred and forty five points. Wasn't really that much going on. The big miners and retailed stocks were higher, while the banks were mixed outperformers among the large caps at least we're wise Tech Global and West Farmers. Those are only up a little over one percent. Goodman Group was the underperformer. Across the market, Tech stocks and consumer discretionary businesses did best, while healthcare did worst. In corporate news, Telstra said it has acquired boost Mobile for an undisclosed sum. Northern Star, the gold Digger, agreed to buy smaller rival to Gray Mining for five billion dollars. That's a big deal in that sector. And fund manager net Wealth said its funds under management has pasted one hundred billion dollars for the first time. Mind You investors sold off the stock. It finished down nearly five percent. Mind you, it's up about nine percent this year. Story number two met Cash, the wholesaler to Igasupermarkets, has struggled to grow earnings in the past six months, even on higher revenue. Its half year result to the end of Octaber was better than expected, and that meant its share price rose two point four percent. The group profit was about one point four to two million dollars, though it did cut its interim dibden by about twenty two percent and revenue was high. Chief executive officer Doug Jones said holding market share as shoppers look beyond Coals and Woolly's was a challenge, but Ija seemed to be doing it. Metcash's portfolios include IgA food Land and Richies, as well as Minor ten and Total Tools. They also have some liquor stores. While supermarkets held up well, the hardware stores suffered with sales down nearly six percent. Story number three Sidney Harbor's Lunar Park is back in low hands after pub and hotel company Oscars Group bought it off Canadian giant Brookfield. Oscar's plans to have a series of new harveside restaurants and bars at the location. Brookfield bought it from Multiplex back in two thousand and seven, then put it up for sale in June this year. The price wasn't disclosed, but it's expected to be that fifty sixty seventy million dollar mark. Might not sound a lot, but under New South Waleses law, the site must remain an amusement facility, so you can't knock it down and build houses or anything like that. Hence the price probably isn't as high as many people thought it might be. It will take more money to introduce new rides, eteries and conference facilities, and that's what Oscars Group plans to do. Oscars Group beat off others including Warner Brothers, Movie World and Dream World. Story number four, the largest attempted importation of cocaine in Australia's history, has been thwarted by police who have charged more than a dozen people over the billion dollar hall. The AFP charged eleven men and two juveniles with conspiring to import two point three four tons of cocaine into the country by sea. According to AAP, it's alleged the men and crew of a vessel attempted to import the drugs into Queensland, with multiple groups planning to collect the cocaine on shore. The men were arrested on Saturday following a collaborative effort by the AFP and Queensland Police investigating a transnational organized crime sending it. The amount of cocaine allegedly attempted to be imported weighs the same as a forward raptor ut and story numbers five. A record number of Australians are struggling to pay their energy bills, according to the Market Regulatum. The Australian Energy Regulatum said that one point nine percent of customers are now on hardship payment plans. That's up from one point four percent twelve months ago, but the average cost of debt is lower than twelve months earlier thanks to the federal government's three hundred dollars rebate introduced on one July. The regulator also said more people entering hardship payments are doing it earlier and that's a good thing. It's it The Afternoon Report for Monday, the two December twenty twenty four. Michael Thompson and I will be back tomorrow morning with the Tuesday edition of Fear and Greed Business News. I'm Sean Elma. Enjoy your evening.