Business news today paints a picture of pressure, repositioning and resource bets. In Britain, the economy slipped 0.1% in April, its first monthly contraction in months, as the Iran conflict fed through into higher energy bills, weaker spending and broader caution after a strong...
Business news today paints a picture of pressure, repositioning and resource bets. In Britain, the economy slipped 0.1% in April, its first monthly contraction in months, as the Iran conflict fed through into higher energy bills, weaker spending and broader caution after a stronger March. In Australia, the resource sector is driving much of the action: Woodside is paying about $320 million to increase its stake in the huge Browse gas project, using pre-emptive rights to block Inpex, while BHP faces a potentially costly labor showdown at Port Hedland, where unions say the miner is deploying strikebreaking tactics and a stoppage could cost roughly $120 million a day. Meanwhile, Flutter’s decision to quit the London Stock Exchange and focus on New York adds to concerns about the UK market’s waning appeal, even as speculative enthusiasm persists around eye-catching ASX drilling results.
Top Business stories
- UK economy contracts 0.1% in April as Iran war raises energy costs (10 sources)
- Flutter delists from London Stock Exchange after moving primary listing to New York (5 sources)
- Unions accuse BHP of strikebreaker tactics as Port Hedland strike is threatened (4 sources)
- Air India Flight 171 lone survivor says trauma persists a year after crash (4 sources)
- ASX drill results highlight Lac Gold, American Tungsten & Antimony and Breakthrough Minerals (4 sources)
- Woodside pays to increase stake in Browse gas project, blocking Inpex buy (4 sources)
- ASX rises on optimism about a potential US-Iran peace deal (4 sources)
- OnePlus teases new N-series budget phones for India, expected July launch on Amazon (3 sources)
Brooke Webley
Author at IfHighLow
