Monthly Archives - August 2020

30 Lovisa (ASX:LOV) stores close across Melbourne

06 Aug 2020 - As a result of the Victorian government decision to move to Stage 4 restrictions in metropolitan Melbourne for a period of 6 weeks in response to the Covid-19 situation, 30 Lovisa (ASX:LOV) stores across Melbourne will temporarily close.

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Commodities boost sees market set to rise: ASX to open higher

06 Aug 2020 - The ASX looks set to open higher this morning thanks to gains in commodities and Wall Street closing higher overnight. Over in the UK, the Bank of England will announce its latest monetary policy decision before the opening bell today as they navigate a loosening of lockdown measures and crucial Brexit talks with the EU. Gold surged and oil prices recovered. ELMO Software (ASX:ELO) report strong growth in annualised recurring revenue of 19.7% for the...

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Gold tops US$$2,023:Aus shares close 0.6% lower

05 Aug 2020 - The Australian share market has been flat all day after dropping at the open. The big banks fell today, while the miners kept afloat. On the commodities front, we’ve seen gold top a record at US$$2,028. Virgin Australia (ASX:VAH) announced plans to slim down staff to 6,000 when travel resumes, while cutting about 3,000 jobs to go to new owners Bain Capital. Telstra (ASX:TLS) has entered an agreement to sell its data centre in Clayton,...

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Aus shares 0.9% lower at noon despite gold surge

05 Aug 2020 - The Australian share market dropped at the opening bell as expected and has faltered to an almost 1 per cent fall. This comes despite a surge in gold and a rally in the mining sector, but that isn’t enough to keep the markets in the green today. Village Roadshow (ASX:VRL) continues to negotiate with BGH Capital over its takeover deal, today extending the period for exclusive discussions for a fourth time. Smartpay’s (ASX:SMP) CEO and...

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