Apple to Face US Antitrust Lawsuit as Soon as March

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‘Capital markets hungry’: Forbar sees NZX green shoots, Commission outlines questions for Foodstuffs’ merger, Apple to Face US Antitrust Lawsuit as Soon as March, Google CEO tells employees to expect more job cuts this year - The Verge, UK lenders fear biggest rise in household loan defaults since 2009 and Japanese plan to test missiles in Australia revealed.

Let's jump in.

Before The Bell

Markets

• ‘Capital markets hungry’: Forbar sees NZX green shoots (NBR)

Earnings and Data

• Summerset achieves record units sales in FY23 (NBR)

News Summary

• Commission outlines questions for Foodstuffs’ merger (Stuff)

• Woolworths drops ‘scan and go’(Stuff)

• Construction cost increases hit 7-year low as residential building sector continues to cool (Stuff)

• ASB to close bank branches (Stuff)

• Apple to Face US Antitrust Lawsuit as Soon as March (BBG)

• Deutsche Bank Seeks to Hire Its Way Back to Top of M&A (BBG)

• China Has Scrapped Visa Requirements for 11 Nations in Past Year (BBG)

• Ex-Millennium Trader Cowley’s Sandbar Shuts Down Hedge Fund (BBG)

• Hedge funds cash in on sharemarket’s swoon (AFR)

• Japanese plan to test missiles in Australia revealed (AFR)

• Corporations laws a ‘tangled mess’ costing business too much: report (AFR)

• Iran strikes Pakistan; UK inflation unexpectedly ticks up (NBR)

• Southern Cross shifts tech stack from monolith to microservices (NBR)

• Pakistan strikes inside Iran against militant targets, stokes regional tension (RT)

• Google CEO tells employees to expect more job cuts this year - The Verge (RT)

• UK lenders fear biggest rise in household loan defaults since 2009 (RT)

• Citi to cut 20 Asia Pacific equity research jobs - source (RT)

Deal Flow

Investments / M&A

• Holcim’s Europe Head Says Firm Looking at 20 Small Acquisitions (BBG)

• Sargon’s AET Corporate Trust business acquired by Melbourne firm (AFR)

• Kennerley online produce business buys Supie name, website (NBR)

Equity Raises

• Bell Potter readies raise for Perth robotics business (AFR)

• Craigs sees ‘highly dilutive equity raise’ for Synlait (NBR)

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