Good morning, Star Entertainment Group’s auditors have raised red flags about its ability to continue as a going concern with expenses related to the phased opening of the new Queen’s Wharf precinct a key concern alongside loss of market share, financial crime remediation and the impact of casino operating reforms, according to the annual report released late yesterday, which also revealed that former CEO Robbie Cooke pocketed $5.12m last financial year. Meanwhile, a string of Chinese stimulus measures over the past week aimed at kickstarting the world’s second biggest economy has sent iron ore prices surging and lit a fire under the shares of Australia's biggest producers of the steelmaking commodity. And digital advertising company REA Group has pulled its takeover proposal for Rightmove after being rejected for the fourth time with its British target saying the latest $12bn bid still undervalues the property portal’s growth prospects. |