Yearly Archives - 2021

5 day Victorian lockdown from tomorrow: Aus shares down 0.5% over week

12 Feb 2021 - Despite a positive start to the week on Monday, the Australian share market lost ground throughout the week and ended on a negative note. The ASX200 sunk this afternoon after Victorian Premier Daniel Andrews announced that the state of Victoria would be entering a snap 5 day lockdown, effective from midnight tonight. Major grocery chains Coles (ASX:COL) and Woolworths (ASX:WOW) are re-introducing buying limits in the state as panic buying returns.

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Genworth (ASX:GMA) scraps dividend after $174M loss: Aus shares 0.3% lower at noon

12 Feb 2021 - The Australian share market opened flat following mixed leads from Wall Street and is tracking 0.3 per cent lower at noon. Most of the sectors are down this morning with Energy suffering the worst losses. Genworth Mortgage Insurance Australia (ASX:GMA) has scrapped its dividend after recording a $174.1 million loss for the 2020 financial year. The company made a statutory net loss after tax of $107.6 million.

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Crown Resorts (ASX:CWN) board exodus continues: Aus shares set for a flat start

12 Feb 2021 - The ASX is set for a flat start after Wall Street retreated in late trade. The pull back in US stocks comes as investors seek to consolidate gains on the back of yesterday’s record highs. Meanwhile, US President Joe Biden has warned senators that China is aggressively outpacing the US on infrastructure. On the commodities front, OPEC has warned that world oil demand in 2021 will rebound more slowly than anticipated prompting OPEC+ to downgrade...

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