Author - Craig Foley

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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