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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Friday eighty twenty the February twenty twenty six. I'm

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Speaker 1: Sean Elmer. Every afternoon, we've got the five stories that

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Speaker 1: happened today that you need to know about. Story number one.

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Speaker 1: The local share market was down slightly today about four

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Speaker 1: points to nine thy eighty one points, but for the

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Speaker 1: week it was up one point eight percent. Concerns about

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Speaker 1: a US attack on Iran wade on the market today.

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Speaker 1: Technology was again the weakest sector. One of the strongest,

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Speaker 1: not surprisingly given what's happening in the Middle East, was

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Speaker 1: the energy sector, with oil prices hitting their highest level

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Speaker 1: since August. Also doing well today utilities, financials and property companies.

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Speaker 1: Story number two. The arrest of Andrew Mountbatten Windsor this

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Speaker 1: morning and his release pending investigation, has captured the global

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Speaker 1: media from the UK to the US and Australia. He's

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Speaker 1: the first royal to be held since Charles the First

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Speaker 1: in sixteen forty seven, and spent eleven hours in custody

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Speaker 1: on his sixty sixth birthday. King Charles IID, his brother,

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Speaker 1: said the law must take its course. In response to

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Speaker 1: Andrew's arrest and that the police had his full and

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Speaker 1: wholehearted support and cooperation. Police had previously said that they

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Speaker 1: were considering investigating Andrew over allegations relating to his association

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Speaker 1: with the late sex offender Jeffrey Epstein, and we're reviewing

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Speaker 1: allegations he shared confidential material. The already iconic photo of

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Speaker 1: the day came with the former prince slumped in the

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Speaker 1: back seat of a vehicle after leaving the police station.

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Speaker 1: It's well worth chasing that one down. Story number three.

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Speaker 1: Opposition leader Angus Taylor said that coal fired power stations

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Speaker 1: need to be open for as long as necessary and

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Speaker 1: be a key part of the energy mix. Speaking on

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Speaker 1: Sky News, he said that was incredibly important that happened

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Speaker 1: and the best way to keep electricity prices down now.

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Speaker 1: The Coalition formally abandoned the net zero emissions target by

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Speaker 1: twenty fifty in December last year. Notably, Taylor today said

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Speaker 1: the mix of energy included coal, gas, renewables, and yourum.

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Speaker 1: Story number four Goodsman E Gomez's share price fell fourteen

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Speaker 1: percent today after unveiling higher sales and earnings, but the

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Speaker 1: result was below market expectations. About three percent below that

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Speaker 1: sent the share price south. The share price is off

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Speaker 1: sixty percent of the past year. Despite being considered one

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Speaker 1: of the best fast food retailers in Australia. At seventeen

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Speaker 1: dollars fifty three a share, it is now below its

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Speaker 1: offer price of twenty two bucks. Back in the middle

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Speaker 1: of twenty twenty four, storying Number five Insure a QBE

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Speaker 1: share price jumped seven percent after the group reported eight

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Speaker 1: twenty one percent lift in full un net profit ahead

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Speaker 1: of expectations. That was on the back of higher premium

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Speaker 1: income and better investment returns. Most of qbe's income is

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Speaker 1: made off shore from commercial products rather than domestic home

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Speaker 1: and motor policies. Boss Andrew Horton said the exit of

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Speaker 1: the North American non core portfolio was progressing well and

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Speaker 1: nearly concluded that means the business can be more focused

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Speaker 1: with substantially less property catastrophe exposure. That's it for the

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Speaker 1: afternoon report for Friday, twenty February twenty twenty six. Make

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Speaker 1: sure you're following the past. Make sure sorry, I'll say

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Speaker 1: that again. Make sure you're following the podcast and head

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Speaker 1: along to fearangreed dot com today. You to sign up

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Speaker 1: for our free daily newsletter. I'm sure I Alma enjoy

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Speaker 1: your evening