FEAR & GREED | Business News Afternoon Report | Market fizzles, SCA soars
Aug 25, 2025
Markets had a flat day with fluctuations in banks and mining stocks. Southern Cross Media is on the rise, sparking acquisition talks. Australia achieved a 1.4% reduction in emissions, moving closer to Paris Agreement targets. However, Qantas faces scrutiny over executive bonuses amid wrongful dismissal issues. Plus, SpaceX's much-anticipated Starship test flight faces further delays, keeping space enthusiasts on edge.
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Market Paused Despite New Highs
- The ASX 200 briefly hit an intraday high but finished flat, showing fragile market breadth.
- Miners outperformed while major banks fell, driven by rising iron ore and company-specific results.
Earnings Spark Big Stock Moves
- Aussie Broadband jumped over 20% after reporting a strong outlook.
- Plumbing group Reese plunged over 16% after a sharp profit fall, showing divergent earnings reactions.
Radio Group Rally Draws Acquisition Buzz
- Southern Cross Media surged 26.5% after a full-year turnaround and digital revenue growth.
- Reports Nine may bid for SCA highlight consolidation interest in audio assets post-domain sale.