International news

  • France’s market regulator is considering extending the controversial short-selling ban implemented in March to reduce volatility in equity markets. Italy, Spain, Belgium, Austria and Greece have also implemented a ban on short-selling -not so in the UK and Germany t. Read the Financial Times article here. (Subscriber access)
  • For anyone who has been grappling with videoconferencing, fashion designer Tom Ford has put together a helpful guide on How to Look Good on Camera. It takes “lots of powder”. Check it out in the New York Times

Australian company news 

  • Companies announce equity raisings / affirm profit ahead of long weekend
    • G8 Education has announced a fully underwritten equity capital raising this morning of $301m to provide extra flexibility. Read the ASX announcement here.
    • CSL has affirmed its profit guidance for 2020 despite plasma collections being disrupted. Read CSL’s ASX announcement.
  • Collaboration breaking down industry barriers
    • Following the ACCC’s suspension of anti-competitive restrictions, private health insurers are meeting today to discuss how they will return excess profits to members, given they’re expecting health claims to fall due to the ban on non-elective surgery. Read the AFR article here. (Subscriber access)
  • Pressure on commercial media continues
    • Foxtel is the latest commercial media outlet to announce job cuts as revenue continues to shrink. Foxtel says it will axe 200 jobs, with another 140 staff to be stood down. Read more here in the AFR.
    • Also in media, commercial radio broadcasters are joining the push by media companies to get the Federal Government to sign off on a crisis relief package and provide spectrum license fee relief for two years. Read more in The SMH here. (Subscriber access)

Australian markets 

  • Universities are being urged to be more vocal
    • Veteran business commentator Robert Gottliebsen predicts some smaller universities may be forced to close, as they struggle with lower revenue and limited support from the Federal Government, impacting the sector’s international competitiveness and diplomatic relations. Read the full article in The Australian. (Subscriber access)

Our daily briefing is not meant to be a summary of media coverage but rather, insights that may be helpful in understanding how organisations are communicating with stakeholders in a time of crisis – and what comes next. Sign up via email