Rumour: BoA associate has been worked to death

Good Morning,

BHP gets green light for improved Anglo bid of $60 billion AUD, ASX tipped to hit 8300 by year-end defying rate talk, Westpac: Group net profit up 20% to $562m, Tourism Holdings cuts profit guidance by 33%, Qantas to repay customers $20 million over cancelled flights, Farmer confidence at lowest in England and Wales, Norway’s Statkraft, a renewable energy producer, shops for 1.7GW Aussie pipeline

Let's jump in.

Before The Bell

Markets

• NZ sharemarket dragged down by THL, Spark (GR)

• ASX tipped to hit 8300 by year-end defying rate talk (AFR)

• 10-year Treasury yield holds below 4.5% after softer-than-expected U.S. jobs data (CNBC)

• Japan’s finance minister says yen intervention may be necessary when there are ‘excessive’ moves (CNBC)

Earnings and Data

• Westpac: Group net profit up 20% to $562m, with decline in bank’s net interest margin and customer deposits. (NBR)

• Spark cuts FY forecast on weak Govt & enterprise demand (NBR)

• Tourism Holdings cuts profit guidance by 33% (NBR)

News Summary

Sport

• New Zealand sevens sides secure Singapore double (Stuff)

• Major blow for Pulse as midcourter Maddy Gordon sidelined (Stuff)

• NZ tennis star Lulu Sun snares biggest career win in Florida (Stuff)

• New Zealand extend SailGP series lead after second-place finish in Bermuda (Stuff)

• Lando Norris claims maiden F1 win at Miami Grand Prix (Stuff)

News Summary

• Government unveils $1.5 billion Corrections spend (Stuff)

• OECD adds its weight to the capital gains tax debate (NBR)

• Victorian treasurer tight-lipped ahead of 'difficult' state budget (9 News)

• Rental prices across Australia hit a record high (9 News)

• 'Insolvency tsunami' has arrived, construction & hospitality hit hard (9 News)

• Qantas to repay customers $20 million over cancelled flights (9 News)

• Israel begins evacuating part of Rafah ahead of threatened assault (RT)

• China’s Xi arrives in Paris with trade and Ukraine on agenda (Guardian)

• John Swinney set to be confirmed as new SNP leader and Scotland’s first minister (Guardian)

• Farmer confidence at lowest in England and Wales since survey began; NFU (Guardian)

Deal Flow

Investments / M&A

• BHP gets green light for improved Anglo bid of $60 billion AUD (AFR)

• Sabadell's board meets to analyse BBVA bid proposal of 12 billion Euros (RT)

• EQT to buy digital consultancy Perficient for about $3 billion (RT)

• KKR to buy India's Healthium Medtech at $839 mln valuation (RT)

• Norway’s Statkraft, a renewable energy producer, shops for 1.7GW Aussie pipeline (AFR)

• Quadrant dips into Fortitude’s $300m-plus commercial food biz (AFR)

VC & Fundraising

• Sydney AI customer bot start-up raises from Peak XV (AFR)

Equity Raises

• Metroglass to raise at least $15m to reduce debt, CEO resigns (NBR)

• Financy in cash call for workplace equality SaaS platform (AFR)

• Geoff Wilson buys 6pc of Australian Unity Office Fund; Bells on ticket (AFR)

Daily Picks

• US veteran turned BoA associate said to have died after being “overworked” (efinancialcareers)

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