Two of Australia’s biggest companies are taking hits over the alleged behaviour of their founder-CEOs. Will they be forced to depart?

Two of Australia’s biggest companies are taking hits over the alleged behaviour of their founder-CEOs. Will they be forced to depart?

Join Deborah Knight for Money News, the most respected business program on radio.


If you crave the latest insights into super & small business, interest rates & investment, and economics & 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 moneynews@2gb.com

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

Audio highlights from Sydney's number one station.

Audio highlights from Sydney's number one station.

2GB On-Demand

James Thomson, AFR Senior Chanticleer Columnist

Two big CEOs under pressure and tanking their share price; Qantas ordered to pay compensation to sacked workers; Labor MPs go after tech money; BCA expands on housing plans; Vic govt changes off-the-plan stamp duty; looking to maximise our retirement wealth; and Elio D’Amato joins us for the Market Wrap.



Host: Deb Knight

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

Two big CEOs under pressure and tanking their share price; Qantas ordered to pay compensation to sacked workers; Labor MPs go after tech money; BCA expands on housing plans; Vic govt changes off-the-plan stamp duty; looking to maximise our retirement wealth; and Elio D’Amato 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 - 21st October

Australia is seeing more of its population head towards retirement, so time to drill down on how to maximise your wealth.

Australia is seeing more of its population head towards retirement, so time to drill down on how to maximise your wealth.

Josh Funder, CEO & Managing Director of Household Capital

The retailers have weathered the storm mostly, but with Nick Scali pointing to tough times on shipping costs, has the worm turned?

MARKET WRAP:
ASX200: up 0.74%, 8,344
GOLD: $2,741 US/oz
BITCOIN: $102,532 AUD
MinRes down 13.8% to $39.55
Wisetech down 14.6% to $104.65
With the gold price soaring to US$2,745 an ounce, our local miners benefited
A lift in the iron price to US$103 a tonne on futures markets helped BHP up 1.4%, Fortescue lifted 1.5% & Rio Tinto both up 1.9%.
Up over 1% was Goodman Group, REA Group and Xero.
A Nick Scali warning over higher freight rates hitting margins sent shares down 4.1%
Lovisa down 6.4% and Harvey Norman off by 2.3%
Falling by more than 1% was Telstra, Bapcor and Transurban.

CURRENCY UPDATE:
AUD/USD: 66.93 US cents
AUD/GBP: 51.4 pence
AUD/EUR: 61 Euro cents
AUD/JPY: 100 Japanese yen
AUD/NZD: 1.10 NZ dollars

The retailers have weathered the storm mostly, but with Nick Scali pointing to tough times on shipping costs, has the worm turned?
MARKET WRAP:
<ul>
<ul>
<li aria-level="1">ASX200: up 0.74%, 8,344</li>
<li aria-level="1">GOLD: $2,741 US/oz</li>
<li aria-level="1">BITCOIN: $102,532 AUD</li>
</ul>
</ul>
<ul>
<li aria-level="1">MinRes down 13.8% to $39.55</li>
<li aria-level="1">Wisetech down 14.6% to $104.65</li>
<li aria-level="1">With the gold price soaring to US$2,745 an ounce, our local miners benefited</li>
<li aria-level="1">A lift in the iron price to US$103 a tonne on futures markets helped BHP up 1.4%, Fortescue lifted 1.5% &amp; Rio Tinto both up 1.9%.</li>
<li aria-level="1">Up over 1% was Goodman Group, REA Group and Xero.</li>
<li aria-level="1">A Nick Scali warning over higher freight rates hitting margins sent shares down 4.1%</li>
<li aria-level="1">Lovisa down 6.4% and Harvey Norman off by 2.3%</li>
<li aria-level="1">Falling by more than 1% was Telstra, Bapcor and Transurban.</li>
</ul>
CURRENCY UPDATE:
<ul>
<li aria-level="1">AUD/USD: 66.93 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: 100 Japanese yen</li>
<li aria-level="1">AUD/NZD: 1.10 NZ dollars</li>
</ul>

James Thomson, AFR Senior Chanticleer Columnist

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