ANZ’s record profit; Ports reopen; Gold Coast frenzy
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In today’s news, a big four bank posts a record $7.4 billion profit, DP World’s ports are starting to reopen after they were closed by a cyberattack, and cash buyers are flocking to the Gold Coast as luxury apartment sales surge.
Making news
ASX slips; Boral shares climb; TPG tumbles
The ASX slipped 0.1 per cent to 6969.1 near midday, weighed down by the financial sector. ANZ dropped 3.2 per cent. TPG plunged 10.5 per cent after it failed to reach an agreement with Vocus. Follow updates here.
Netanyahu sees no role for Palestinian Authority in a postwar Gaza
Israeli PM Benjamin Netanyahu calls for the de-radicalisation of Gaza; half of Australian voters expect the economy to worsen. Follow updates here.
ANZ posts record $7.4b full-year cash profit
The bank’s full-year cash profit was up 14 per cent, helped by diversified lending to companies, as it lifted its dividend.
DP World slowly starts reopening ports after hack
Big port operator DP World is gradually restarting operations after a cyberattack forced it to shut down its terminals across the country.
Infrastructure Australia boss on major projects: We can’t do it all
The federal government’s independent infrastructure advisor has warned The Australian Financial Review Infrastructure Summit about a lack of financing and workers.
Senator Bragg really, really wants attention
The Liberal backbencher is eager for promotion. But as an inner-city man in a party focused on suburban and rural voters, he is struggling, writes Aaron Patrick.
Around the world
‘No help for babies’: Hospital patients trapped as fighting rages
Battles are intensifying between Israeli troops and Hamas militants close to Gaza’s largest hospital, as the US warned Israel not to fire on medical facilities.
Huge pro-Palestinian march in London
The large protest supporting the Palestinian cause coincided with Armistice Day, when Britain commemorates those who fought in World War I and subsequent conflicts.
The Aussie brokers pitching ASX stories to London’s big money
EU rules wiped out Britain’s brokers. From the wreckage, a trio of Australian-specialists built a new business connecting ASX-listed firms and UK investors.
Joe Biden’s year of living dangerously
A Donald Trump victory next year would make the incumbent the most consequential single-term president in history – but not in a way he would wish.
Matter of opinion
Why ANZ’s Shayne Elliott won’t apologise for being the ‘bad guy’
The big bank CEO insists he’s still generating good returns from mortgages despite aggressive pricing that has shaken up the market, writes Chanticleer.
The fraught politics of the office whiparound
Technology is upending the age-old act of chipping in for a farewell gift, writes The Financial Times’ Pilita Clark.
Business life
Cash buyers flock to the Gold Coast as luxury apartment sales surge
Four out of five buyers of a new unit in the coastal city intend to pay up front, according to local project sales specialist Total Property.
You want the new MacBook Pro. Here’s how to justify buying it
What if I told you, writes John Davidson, that I have stumbled upon a way to absolutely, positively need Apple’s ridiculously powerful M3 Max laptop?
Why A-list celebs and CEOs keep flocking to Kauai
The AFR’s Washington correspondent visits the Hawaiian island where Mark Zuckerberg has his hideaway.
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