FEAR & GREED | Business News WiseTech offices raided; Domino’s takeover speculation; Gates’ climate change rethink
10 snips
Oct 28, 2025 WiseTech Global faces scrutiny as the AFP raids their offices over insider trading allegations. Meanwhile, speculation surrounding a potential takeover of Domino's by Bain boosts its stock price. The Reserve Bank's decision regarding interest rates hangs in the balance as CPI data is released. Bill Gates shifts his perspective on climate change, focusing on positive solutions rather than dire warnings. Additionally, EQT makes a substantial takeover offer for AUB, raising eyebrows in the market.
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Raid Underscores Governance Risk
- The AFP and ASIC raided WiseTech's offices investigating alleged insider trading tied to sales by founder Richard White during a blackout period.
- Governance lapses and reputation issues have already driven large investors away and hurt the share price.
Complexity Around Blackout Rules
- Richard White sold about 1.87 million shares at an average $1.22 during a period regulators consider a blackout window.
- White argues the trades occurred while he was technically not an executive or director, complicating legal and governance interpretation.
Treat CPI As A Rate-Decision Trigger
- Watch the CPI release closely because it will influence whether the Reserve Bank cuts rates next week.
- Use the September quarter inflation number to reassess short-term interest-rate expectations and portfolio positioning.