Australia news LIVE: Labor-Greens fight over Gaza war escalates; Costello denies pushing journalist

And that’s it for our live blog today. Hope you all have a wonderful weekend.

Guzman y Gomez has expanded its float offer from $242.5 million to $335.1 million as a major investor takes a bite of the burrito chain bound for the Australian stock exchange.

The fast-growing Mexican chain, which last week announced it was preparing to list on the ASX on June 20 with a valuation of $2.2 billion, has increased the float offer after Capital Research Global Investors, a major investor of Chipotle and Yum Brands, has purchased a stake in the company in the realm of $90 million.

This will see Guzman y Gomez’ current major shareholder, TDM Growth Partners, sell down part of their stake, which will now be 26.2 per cent.

Guzman y Gomez founder and boss Steven Marks said he was pleased to announce the “upsizing” of the IPO.

“This strong interest and appetite for our offer is a testament to the confidence in our business model, our team, and our vision for the future of fast food,” Marks said in a statement.

The local share market has climbed for a fifth time out of the past six sessions to post its best weekly gains for the year.

The S&P/ASX200 on Friday accelerated its gains in the afternoon to finish up 38.2 points, or 0.49 per cent, to 7,860.0, its highest close since May 20.

For the week, the benchmark index rose 2.05 per cent, its best weekly gains since a 3.44 per cent rise in the five-day period ending December 15.

The broader All Ordinaries on Friday finished up 38.5 points, or 0.48 per cent, at 8,112.8.

AAP

In Melbourne to address the Victorian Chamber of Commerce and Industry, Opposition Leader Peter Dutton vowed to ramp up domestic gas production to bring prices down, as an immediate energy supply fix while working on the longer term nuclear power plant strategy.

In a doorstop in Camberwell alongside the home affairs spokesman James Patterson and Kooyong Liberal candidate Amelia Hamer, Dutton noted that her putative rival, former treasurer and local member Josh Frydenberg “had a chance to run for preselection, he chose not to do that. He’s prioritised his career and his family – and that’s to his credit” and praised Hamer.

“She’s demonstrated that she will stand up to anyone if it means fighting for her community and representing this community in the Federal Parliament.”

Dutton did not rule out support for reopening preselection for the seat of Chisholm to allow ex-Higgins MP Katie Allen to contest it now that her former seat will be abolished when the Australian Electoral Commission redraws the boundaries for the next election.

“It’s a decision for the Party here in Victoria. Generally in circumstances where a seat has been abolished and a good part of that seat has gone into the adjoining seat, in this case, Chisholm, then the admin committee would look at whether they reopen that preselection or not.”

Elderly Australians in need of home care support are facing wait times of up to nine months and the situation is only expected to worsen.

The federal government is being urged to address the delays with the number of those in limbo more than doubling to 68,109 over the past 12 months.

A Senate budget estimates hearing on Thursday also revealed those already receiving support are waiting for extra help as their circumstances change.

“We have seen a deterioration of access, particularly in the last six months,” the Department of Health and Aged Care’s Russell Herald said.

The federal government’s home care package provides support for Australians with showering, cleaning, cooking and other basic needs.

AAP