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Webjet eyes buyouts, says can survive ‘Dr Doomsday’ scenario – The Australian Financial Review

As the travel outfit taps another $160 million just after raising $346m in April, the CEO has bristled at a shareholder question about whether the offer was value dilutive.

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NSW Kmart stores introduce ‘click and collect’ service – 9News

Kmart stores across NSW have introduced a "click and collect" service to help control social distancing with customers instore.

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Auto News: Kia’s Australian Open Fleet hits the road – caradvice.com.au…

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Lazard no longer substantial AMP shareholder – The Australian Financial Review

Local value investor Lazard Asset Management sold down stake in troubled wealth management group AMP, which has announced Kylie O’Connor will replace outgoing property boss Carmel Hourigan.

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Ms O’Connor, who joined the group in 2015, is currently chief operating officer of AMP Capital’s real estate business and will now be responsible for the $28 billion worth of investments in the unit. She will be replaced by Luke Briscoe, managing director of AMP Capital office and logistics business.
Mr Pahari said Ms O’Connor, a former employee of Lend Lease and Arthur Anderson, was a “great leader” and her promotion was testament to the “strong talent” in the real estate group.
“Highly regar…

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ASX to rise; US techs soar; RBA ahead – The Australian Financial Review

The Australian sharemarket is set to rise sharply at the open; the Reserve Bank of Australia will meet today to discuss its monetary policy settings; Pinnacle net inflows more than halve; BWP Trust sees Bunnings boon.

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The Nasdaq surged to a record high close on Monday as a rebound in multibillion-dollar deals, including Microsoft’s pursuit of TikTok’s U.S. operations, lifted sentiment, and efforts to hammer out a coronavirus relief bill resumed.
Microsoft jumped 5.6 per cent after it said it would push ahead with talks to buy the U.S. operations of Chinese-owned TikTok. President Donald Trump reversed course earlier on a planned ban of the short-video app.
Microsoft shares rose in overnight trade. Bloomberg…

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