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The Guardian - AU
The Guardian - AU
National
Natasha May and Nick Visser (earlier)

Modest pullback on ASX after Trump tariff hike – as it happened

Australian Securities Exchange
Australian shares have had a muted response to Donald Trump’s decision to slap a temporary 15% tariff on US imports from all countries. Photograph: Steven Markham/AAP

What we learned, Monday 23 February

That is where we’ll close the blog for the day but first a recap of the day’s big stories:

The blog will be back bright and early tomorrow.

Updated

Unstaffed petrol stations fuelling higher earnings

Self-serve fuel-only stations are proving a success, the country’s biggest petrol station owner says, in a sign Australians could be seeing more of them, AAP reports.

Ampol converted 27 of its Australian petrol stations to its unmanned U-Go sites in 2025, taking its portfolio to 46, and they have boosted fuel volumes while reducing costs.

U-Go sites operating for at least 12 months were showing a 50% uplift in fuel volumes and an average of $350,000 earnings improvement, the Ampol chief executive, Matt Halliday, told analysts on Monday. He said:

We’re really pleased with it. We are seeing that it’s taking about six months for the local market to settle on that operating model, but we’re really pleased with the success we’re seeing once it takes hold.

Updated

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