Geopolitics Alpha

Australia seeks to change visa deal with UK after influx of Britons

Published . Updated .

GEOPOLITICS ALPHAAustralia seeks to change visadeal with UK after influx ofBritonsGEOPOLITICS ALPHA

Australia says easing of rules has led to surge in British visitor numbers, putting pressure on local workforce The Australian prime minister, Anthony Albanese, has told Andy Burnham he is looking at changing rules for British backpackers in Australia, after an increase in the number of travellers visiting popular hotspots such as Sydney. Albanese, who met Burnham on Monday evening at the Commonwealth heads of government meeting (Chogm) in the Caribbean, told reporters he wanted to discuss changing the agreement between the UK and Australia that removes a regional work requirement for British travellers. Continue reading...

Directly affected

  • No company is named in this report.

Indirectly affected

  • EWA iShares MSCI Australia ETF+2.2% 30d

    iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australia”).

  • EWU iShares MSCI United Kingdom ETF-2.0% 30d

    iShares MSCI United Kingdom ETF holds stocks listed in the UK, which this story is about (“uk”).

  • BHP BHP Group-6.7% 30d

    BHP Group (metal mining) is one of the largest Australia-based companies traded in the US, so news about Australia (“australia”) reaches its shares.

  • IREN Iren-35.6% 30d

    Iren (finance services) is one of the largest Australia-based companies traded in the US, so news about Australia (“australia”) reaches its shares.

  • MESO Mesoblast

    Mesoblast (biological products, (no diagnostic substances)) is one of the largest Australia-based companies traded in the US, so news about Australia (“australia”) reaches its shares.

  • HSBC HSBC Holdings-7.7% 17d

    HSBC Holdings (savings institution, federally chartered) is one of the largest the UK-based companies traded in the US, so news about the UK (“uk”) reaches its shares.

  • LIN Linde+11.1% 30d

    Linde (industrial inorganic chemicals) is one of the largest the UK-based companies traded in the US, so news about the UK (“uk”) reaches its shares.

  • ARM Arm Holdings-7.7% 30d

    Arm Holdings (semiconductors and related devices) is one of the largest the UK-based companies traded in the US, so news about the UK (“uk”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EWA+0.15%+0.71%baseafter closeafter closeafter closeafter close
EWU-1.83%-0.75%baseafter closeafter closeafter closeafter close
BHP+3.20%+2.21%baseafter closeafter closeafter closeafter close
IREN+24.51%+19.20%baseafter closeafter closeafter closeafter close
MESO-9.45%+7.69%baseafter closeafter closeafter closeafter close
HSBC+0.10%+0.79%baseafter closeafter closeafter closeafter close
LIN-2.14%-3.15%baseafter closeafter closeafter closeafter close
ARM+15.23%+16.37%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Australia says easing of rules has led to surge in British visitor numbers, putting pressure on local workforce The Australian prime minister, Anthony Albanese, has told Andy Burnham he is looking at changing rules for British backpackers…

Source: The Guardian

This story

CompanyWhenMoveStatus
ARMthree days earlier+16.37%final price
ARMfive days earlier+15.23%final price
BHPthree days earlier+2.21%final price
BHPfive days earlier+3.20%final price
EWAthree days earlier+0.71%final price
EWAfive days earlier+0.15%final price
EWUthree days earlier-0.75%final price
EWUfive days earlier-1.83%final price
HSBCthree days earlier+0.79%final price
HSBCfive days earlier+0.10%final price
IRENthree days earlier+19.20%final price
IRENfive days earlier+24.51%final price
LINthree days earlier-3.15%final price
LINfive days earlier-2.14%final price
MESOthree days earlier+7.69%final price
MESOfive days earlier-9.45%final price

This story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Australia seeks to change visa deal with UK after influx of Britons” scores 12 out of 100. The score uses 1 sources.