UK inflation increases & Wildfires near Athens

Good Morning,

ASX climbs as consumer stocks rally, Albanese government pushing for gambling ad cap despite calls for total ban, Greece orders evacuations near Athens as wildfires rage, 'Unauthorized' Helicopter Flight Crashes Into Hotel in Australia, Killing Pilot, Salesforce chief tips into biotech incubator Series B, Shell, PetroChina to expand Surat coal seam gas project in Australia

Let's jump in.

Before The Bell

Markets

• Sharemarket creep higher as rate review, earnings come into focus (GR)

• ASX climbs as consumer stocks rally (AFR)

• ‘Carnage’ in steel markets to sink iron ore below $US90 (AFR)

• Treasury yields rise as attention turns to inflation data (CNBC)

• First UK inflation increase of year forecast in setback for Bank of England (Guardian)

News Summary

• Which pantry staples are getting too expensive for you? (Stuff)

• Albanese government pushing for gambling ad cap despite calls for total ban (Guardian)

• Payback time for consumers as retailers focus on discounts amid cost-of-living battle (Guardian)

• 'Unauthorized' Helicopter Flight Crashes Into Hotel in Australia, Killing Pilot (BBG)

• Greece orders evacuations near Athens as wildfires rage (Guardian)

• US orders strike group to accelerate deployment to Middle East amid fears of Iran attack on Israel (Guardian)

Deal Flow

Investments / M&A

• India's Bharti to buy Drahi's stake in BT, worth $4 billion (RT)

• TPG Capital fine-tunes details for $3b Novotech sale (AFR)

• Gold Fields to buy Canadian miner Osisko in $1.57 billion cash deal (RT)

• Optus falls out with its mobile towers investor AustralianSuper (AFR)

• Shell, PetroChina to expand Surat coal seam gas project in Australia (RT)

• Viburnum Funds sets sights on Coventry Group breakup (AFR)

• Nature’s Care sale docs in front of potential buyers; NBIOs due Sept 6 (AFR)

VC & Fundraising

• Salesforce chief tips into biotech incubator Series B (AFR)

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