Yearly Archives - 2020

Kogan.com (ASX:KGN) gross sales double

05 Jun 2020 - Online retailer, Kogan.com (ASX:KGN) has released an impressive trading update for the fourth quarter-to-date. Compared to the same period last year, Kogan’s gross sales grew by more than 100 per cent.

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Fourth consecutive day of gains: ASX closes 0.8% higher

04 Jun 2020 - It has been a positive day of trade for the Australian share market hitting four consecutive days of gains. With a sell off around lunchtime the local bourse managed to close 0.8% higher. Shares in Unibail-Rodamco-Westfield (ASX:URW) are on the up as shopping restrictions in Europe ease. Macmahon Holdings (ASX:MAH) has secured an expansion and three year extension of its work at the Byerwen coking coal mine in Queensland’s Bowen Basin.

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Retail sales slumped 17.7% in April: ASX tracking 0.4% higher at noon

04 Jun 2020 - The ASX shot up at the open and is now tracking 0.4% higher at noon. Shares in Unibail-Rodamco-Westfield (ASX:URW) are on the up as shopping restrictions in Europe ease. Shares in Nufarm (ASX:NUF) meanwhile are declining. And Primewest (ASX:PWG) has acquired an 8.3% strategic interest in Clime Investment Management (ASX:CIW) via an underwritten placement.

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Australia poised for recession: ASX set to open higher

04 Jun 2020 - Following a broad rally from US markets overnight, the ASX looks set to open higher this morning. If the GDP continues to fall in the next quarter Australia will enter its first technical recession in 29 years. The Australian dollar continues to rise against the USD. AFT Pharmaceuticals (ASX.AFP) has signed an exclusive distribution agreement with Austria’s Ever Valinject for the commercialisation of Maxigesic IV.

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