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NextDC
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- 1
Australian shares are expected to open lower amid heightened Middle East tensions, even as global markets rose on hopes of US-Iran de-escalation and falling oil prices. National Australia Bank says it will cut up to 2,500 jobs by fiscal 2027. Meanwhile, NextDC shares dived after a delay to its Melbourne datacentre expansion, and investors are watching gold producers nearing production milestones.
- 2Critics pile on data centre companies in Melbourne●https://www. crikey.com.au/2026/10/27/data- centre-ai-companies-melbourne-offer-nothing-but-problems/ " The pile-on on d
Australian data centre operator NextDC is under mounting pressure, with its share price falling by two-thirds since June and by half in a single month, forcing a leadership change at chairman level. A Crikey piece argues AI data centre companies in Melbourne are offering residents nothing but problems, and criticism of the sector continues to build.