Telstra dazzles with 13% rise; Iluka axes dividend, plans $350m issue to fund growth; Clough tips strong year on $1b book; RBA fears food prices rise; Shares take off after $618 Qantas result

Telstra dazzles with 13% rise; Iluka axes dividend, plans $350m issue to fund growth; Clough tips strong year on $1b book; RBA fears food prices rise; Shares take off after $618 Qantas result