Good afternoon, An affair between Super Retail Group chief executive Anthony Heraghty and then head of HR Jane Kelly created a rotten culture within the retailer, caused disharmony and corporate governance scandals, court documents reveal. The documents further claim the CEO misused company funds to further his sexual relationship with Ms Kelly. Meanwhile, regional carrier Rex was $500m in debt when administrator EY was brought in last month, the first creditors' meeting has been told. And Wealth editor James Kirby says the market plunge has opened opportunities for investors but it's buyer beware as some observers believe a bigger fall is imminent. On the Australian sharemarket, stocks continued their recovery from Monday's fall as US initial jobless claims data helped allay recession fears and China's higher-than-expected CPI inflation data buoyed commodities. The ASX 200 index ended Friday's trade 1.3 per cent higher at a five-day peak of 7777.7 points after rising as high as 7795.1 intraday. |