The benchmark S&P/ASX200 index closed 0.69 per cent higher at 7362 while the All Ordinaries Index gained 0.71 per cent to 7674.2.
“The SME lender is listing November 1st to heavy fanfare, with Openmarkets’ own capital markets team setting a new record in bidding value.” Flight Centre managing director Graham Turner said the NSW government’s decision was “obvious, sensible, and the right way to go”.Dacian Gold soared 13.64 per cent to 25 cents - bang on Macquarie’s target price for the company - while iron ore miner Flinders Mines surged 12.67 per cent to 84.5 cents.
Macquarie Research described the result as “in-line to slightly weak ... overshadowed by the downgrades to the CY21 iron ore, bauxite and copper production and shipment guidance ranges”. “The talk of the town this week are inflation and rate hikes, which are beneficial for the banks overall. “IAG apologises for this failure, recognises the significance and that this was unacceptable, and is putting this right for its customers as soon as possible,” the insurer said.“International supply chain woes are having the biggest impact, with international revenue streams underperforming,” Mr Tchourilov said.“Alcohol consumption levels have been sustained during the lockdown, giving modest growth to domestic revenues.