Whether this sale of Santos is approved by our Foreign Investment Review Board (FIRB) headed up by Treasurer Jim Chalmers is all speculation. The bottom line is that this deal will only get the thumbs up if it becomes a plus for gas supply and gas bills here in Australia.
Since the start of October, Westpac had rallied almost 17% making it the best performing major bank over this period. So on the basis of the old axiom “buy the rumour, sell the fact”, it was no surprise to see it fall today by around 3% when it delivered an “as expected” full year financial result.
With the increasing sophistication of clinical trials, the medical world and the better educated general public with easy access to Dr Google is becoming more aware of the potential complications and long-term side effects of chronic pharmaceutical therapy.
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