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4 things you need to know today

  • Qantas has confirmed it will begin daily non-stop flights from Perth to London in 2018 using its Boeing 787-9 Dreamliner aircraft. The 14,498 kilometre journey will take around 17 hours and will be the longest flight on the Qantas network and the world’s longest Boeing Dreamliner flight. It will be the third longest passenger flight in the world after Delhi to San Francisco (Air India) and Doha to Auckland (Qatar Airways). “Australians have never had a direct link to Europe before, so the opportunities this opens up are huge,” Qantas chief Alan Joyce said in a statement. “It’s great news for travellers because it will make it easier to get to London. It’s great news for Western Australia because it will bring jobs and tourism. And it’s great news for the nation, because it will bring us closer to one of our biggest trade partners and sources of visitors.”
  • Zurich Insurance Group has launched an $854 million bid of ASX-listed travel insurance re-seller Cover-More Group. The offer has been backed by the Cover-More board, and shareholders will vote on the transaction next year. Goldman Sachs advised Zurich, while Macquarie Capital and Gilbert + Tobin advised Cover-More. (The AFR.)
  • Rupert Murdoch’s 21st Century Fox has entered into a preliminary deal to gain full control of Sky Plc – up from its current 39.1% stake – for £11.2 billion. “A proposed transaction between 21st Century Fox and Sky would bring together 21st Century Fox’s global content business with Sky’s world-class direct-to-consumer capabilities, which have made it the number one premium pay-TV provider in all its markets,” a statement from 21st Century Fox said.
  • At 0645 AEDT on Friday, the local share price index was up 17 points, or 0.31 per cent, at 5,560.60.

 

Level

chg

% chg

US Dow Jones

19,756.85

+142.04

+0.72%

US S&P 500

2,259.53

+13.34

+0.59%

US Nasdaq

4,895.90

+36.72

+0.76%

UK FTSE

6,954.21

+22.66

+0.33%

German Dax

11,203.63

+24.21

+0.22%

| More

Published on: Monday, December 12, 2016


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