Yearly Archives - 2020

US markets rally on stimulus deal optimism: Aus shares to open lower

07 Aug 2020 - Australian shares are poised for modest losses at the open following an advance on Wall Street, fuelled by optimism that the officials will reach agreement on a fresh economic stimulus package. Pressure is mounting on the White House and congressional Democrats to strike a deal after employment figures released overnight showed that almost 1.2 million Americans had filed for unemployment. Back home in Australia, the federal cabinet's Expenditure Review Committee approved changes to the Jobkeeper...

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Ventilator demand from Covid sees Resmed (ASX:RMD) rise: ASX closes 0.7% higher

06 Aug 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 0.7% higher. Shares in Resmed (ASX:RMD) took a dip despite reporting a 54% increase in full year net income after fourth quarter earnings were boosted by pandemic demand for its ventilators. The Village Roadshow (ASX:VRL) is looking to raise a minimum of $35 million.

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Shares in Resmed (ASX:RMD) take a dip: ASX tracking 0.7% higher at noon

06 Aug 2020 - The ASX shot up at the open and is now tracking 0.7 per cent higher at noon. Shares in Harvey Norman Holdings (ASX:HVN) are doing well today. Shares in Resmed (ASX:RMD) and the Scentre Group (ASX:SCG) have taken a dip. The Scentre Group (ASX:SCG) released a report today saying their earnings later this month are expected to report net operating cashflow after interest, overheads and tax "in excess" of $250m for the year to June....

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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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