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Santos, which absorbed Oil Search in December 2021, posted cash flows for the half of June of US$1.7 billion, three times its mid-June level last year. Woodside reported a 44 percent increase in revenue in the June quarter to $3,438 billion, driven by a one-month contribution from BHP assets, which were repossessed on June 1. Bernstein Research analyst Neil Beveridge described Woodside as a “key holder in a world of LNG shortages”, noting that despite investments in new growth projects such as the $16.5 billion Scarborough gas venture, Woodside will still be able to generate more than 10 percent of free cash flow proceeds this year. this, which should cover dividends. But strong oil prices meant Woodside had to scrap plans to sell a stake in the $4.6 billion Sangomar oil project off the coast of Senegal that was due to go online next year after lengthy discussions with potential buyers. “When we have oil coming into the market in the near term, our expectations of fair value, are quit

A union boss has warned the ANZ-Suncorp deal would put thousands of employees out of work and trigger mass closures of dozens of bank branches. ANZ on Monday announced its proposed purchase of smaller rival bank Suncorp for $4.9 billion – marking it as the country’s biggest banking deal in 14 years. The bank’s chief executive, Shayne Elliott, has pledged to retain Suncorp’s Queensland branches and staff for at least three years. However, the Financial Sector Union (FSU) is skeptical and has warned thousands of workers will lose their jobs when the three-year period ends. Queensland Secretary Wendy Streets told Daily Mail Australia that both ANZ and Suncorp employees should be aware of the consequences of the deal. A union boss has warned the ANZ-Suncorp deal will cost thousands of employees and trigger mass closures of dozens of bank branches ANZ on Monday announced a proposed purchase of smaller rival bank Suncorp for $4.9 billion – marking it the country’s biggest banking

Late Friday, Musk’s legal team declared its intention to terminate the merger agreement, reiterating its claim that Twitter did not provide him with sufficient information about accounts and saying it was his belief that the share of spam and fake accounts was “significantly higher” than the amount Twitter claims. They also point to the recent firing of two Twitter executives, the layoff of a third of its talent acquisitions and the departure of several senior executives (reportedly because some of them don’t want to stay on what they hoped to be Musk’s Twitter) as material changes that hurt the business. . Musk signed a deal with a very limited breakout clause and made an easy exit from it even more difficult by restating back in April that: “I don’t care about the economy at all.” It was conceived as the purchase of luxury goods by the world’s richest man at a time when his wealth (and ego?) was on the rise. Now he has buyer’s remorse. Twitter’s board has signaled it won’t let him o