AGP Executive Report
Last update: 3 hours agoTakeover Bid: IDP Education shares jumped 16% after Blackstone raised its offer to A$3 a share, valuing the IELTS co-owner at about A$834 million. IDP’s board has yet to decide whether to back the non-binding proposal. Housing: New home loans fell a record 15% in the September quarter, with investor lending plunging 30.6% as rate rises and tax changes weigh on demand. Retail: Woolworths shares dropped about 9% after group turnover grew just 0.2% in the latest trading period, as shoppers focused on essentials and promotions. David Jones will close 19 stores by year-end, including its sole New Zealand outlet, in a major restructure. Energy: Australian rooftop solar capacity rose 41% in January–October from a year earlier, with battery demand helping drive installations. Jobs: Komatsu plans to close its Moss Vale plant by 2030, putting about 265 jobs at risk as work shifts to other sites and suppliers.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
