Good early morning and happy Monday, it’s Ainsley here with the news you require to help fill the World Cup-formed hole in our lives. We’re starting the week with a special deals story from Sydney…
Today’s must-reads:
• United States insurance coverage giant nears deal to purchase Honan
• LNG employees provide Woodside a warning
• World Cup tradition survives on after Spain’s success
United States insurance coverage giant Marsh & McLennan is set to purchase Australian peer Honan Insurance, my associates in Sydney have actually specifically revealed. Marsh and TA Associates, Honan’s personal equity owner, are settling information of a deal that might worth Honan at about A$700 million, according to individuals acquainted with the matter. A deal might be revealed as quickly as today, they said.
Westpac said it was seeing a modest boost in consumer tension when it reported a third-quarter earnings of A$1.8 billion today. The loan provider likewise said that inflationary pressures were triggering its costs to increase.