Highlights this week include: Suncorp’s $350M hybrid Tier 1 securities raising illustrating banks seeking alternative sources of funding. Hollard comments on expected disruption of the insurance market further to the partnership with Woolworths to sell car and travel cover. While investing in insurance, Woolworths also announced divestment from Dick Smith Electronics.
After last week’s engineering digression, a quick appendix this week is looking at some Deutsche Bank Equity research on the effect of lower RBA rates on ‘defensive’ stocks.
As per usual, main sources are curated in Pearltrees: http://pear.ly/bEKy9