Sydney Airport Holdings Pty Ltd (ASX:SYD) is the company that operates the Kingsford Smith Airport, it currently has a 99-year lease on the airport but it will revert back to government ownership at the end of this century. According to Sydney Airport, as of 2019, it generates around $31 billion in economic activity for Australia each year. That’s equivalent to more than 6% of the NSW economy.
Sydney Airport Holdings Pty Ltd (ASX:SYD) has released its HY20 report and it has announced a $2 billion capital raising.
The S&P/ASX 200 (INDEXASX: XJO) is tipped to rise at the open this morning, led by technology and e-commerce businesses.
Sydney Airport (ASX:SYD) shares fell 2% after announcing that passenger numbers were down heavily in May 2020.
The Sydney Airport (ASX:SYD) share price has fallen around 2% after the business announced another update.
The International Monetary Fund (IMF) have predicted a deep recession for Australia, which could be bad for some ASX shares.
The Sydney Airport (ASX:SYD) share price has fallen another 8% today for a couple of obvious reasons.
The S&P/ASX 200 (ASX: XJO) Australian share market index ended Monday’s trading session down a jaw-dropping 9.7%. Of course, this follows falls of 20% already this year.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.52% at lunch.
The RBA governor has suggested that the central bank may not cut interest rates further. What would this mean for ASX shares?
