BHP has hired biotech CSL's finance boss, David Lamont, who will return to the mining giant. Mr Lamont will take up the chief financial officer role from December and join BHP's executive team after almost five years at CSL. Incumbent Peter Beaven will continue at the miner until November.
German publishing giant Bauer Media will make a dazzling exit from Australia after eight turbulent years, offloading its local magazine division to a private equity firm. A deal was struck last night for Mercury Capital to acquire the portfolio of magazines, including iconic titles The Australian Women’s Weekly, New Idea and Woman’s Day. Bauer Media entered the market in 2012 with the mammoth purchase of ACP Magazines, formerly owned by the Packer family, for $525 million.
Copper prices climbed overnight as the Federal Reserve's latest move to provide further support for the US economy helped to boost sentiment, but gains were capped by worries about prospects for demand in top consumer China. Benchmark copper on the London Metal Exchange was up 0.3 per cent at $US5,722 a tonne at 1604 GMT from an earlier high of $US5,836 a tonne.
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There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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