Ten Network set to go private

THE Australian share market looks set to open flat ignoring the positive sentiment of Wall Street's last session when two of its key indexes found fresh record highs At 0700 AEDT on Monday, the share price futures index was down one point, or 0.02 per cent, at 5,993.

Meanwhile, the two-day Large Scale solar conference starts in Sydney. The Australian market on Friday closed flat, following a slight recovery from heavy losses in early morning trade.

WORLD FINANCE UPDATE:

BEIJING - A factory explosion in a port south of Shanghai has injured at least 30 people, knocked down buildings and left streets littered with damaged cars and debris, news reports say.

LONDON - Resolving the issue of Northern Ireland's border after leaving the European Union cannot be completed until talks on a trade deal with Brussels have progressed, Britain's Secretary of State for International Trade Liam Fox says.

CHICAGO - US retailers are offering deep discounts, entertainment and free gifts to lure bargain hunters to Black Friday sales, the traditional start of the holiday retail season, but some shoppers say they are just browsing and will save their cash for online purchases.

LONDON - Uber has submitted a request to appeal to the Supreme Court a decision by a British tribunal which said its drivers deserved workers' rights such as the minimum wage, the taxi app says.

FRIDAY HIGHLIGHTS:

MYER - Solomon Lew has warned Myer's board that "this is just round one" after securing a first "strike" against the troubled department store chain's board in a showdown at its annual general meeting.

MYER HOUNSELL - New Myer chairman Garry Hounsell says the protest vote that has delivered a first strike against the department store's board has nothing to do with pay or the company's performance.

AUSTAL - Austal shares have soared after the federal government indicated German ship designer Luerssen will use the company to build 10 of the 12 offshore patrol vessels it has ordered for the Royal Australia Navy.

CROWN - Casinos operator Crown Resorts is in talks over the future of its stake in joint-venture online wagering business, CrownBet.

VILLAGE ROADSHOW - Village Roadshow says it is still experiencing low visitor numbers a year after the fatal accident at rival theme park Dreamworld, but expects to start paying dividends again this financial year.

RIO TINTO - Rio Tinto has again extended an agreement to sell its Pilbara iron ore to Chinese state-owned steel company Sinosteel.

TEN - Ten Network's near two decade spell as a publicly listed company is about to come to an end as it starts its new venture under CBS ownership.

SELECT HARVESTS - Australia's biggest almond grower, Select Harvests, is upbeat about growth and shareholder returns after turning around from a disappointing result last financial year.



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Sugar mill fire closes M'boro factory for repairs

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