25 Aug 2020 - The Australian share market rose at the open, closing 0.5 per cent up at the end of trade. Qantas (ASX:QAN) will axe another 2,500 jobs from 10 Australian airports and retailer Mosaic Brands (ASX:MOZ) could close up to 500 stores.
25 Aug 2020 - The Australian share market opened higher this morning and is now trading 0.7 per cent up at noon. Seven West Media (ASX:SWM) said advertising market conditions were severely impacted by COVID-19. Emeco (ASX:EHL) has confirmed the completion of its $111 million capital raise.
25 Aug 2020 - Apparel retailer Mosaic Brands (ASX:MOZ) is getting ready to permanently close up to 300-500 of its stores over the next two years, dependent on leases.
25 Aug 2020 - Cooper Energy (ASX:COE) will writedown the value of its assets by $108 million (before tax).
25 Aug 2020 - The Scentre Group (ASX:SCG) reports a loss of $3.6 billion for the six month period to 30th June.
25 Aug 2020 - Rural Funds Group (ASX:RFF) has reported an 8 per cent increase in property revenue to $71.98 million with the group continuing to expand its portfolio.
25 Aug 2020 -The ASX looks set to open higher this morning as the S&P 500 and the Nasdaq reached new record closing highs as optimism lifted over potential medical advances against Covid-19. The oil price lifted as two separate back to back storms in the US Gulf Coast are set to cause large temporary shutdowns to oil and gas production facilities. Ansell (ASX:ANN) report sales of $1.61 billion US, that’s 7.7% growth.
24 Aug 2020 -The Australian sharemarket finished higher after a late afternoon rally. The market gained momentum after CSL pared intraday falls while Afterpay extended its rise to 4 per cent on European expansion plans and Fortescue Metals also extended its rise from 2 to 3 per cent as investors reacted favourably to the dividend beat in its full-year results. The major banks also trimmed some of their earlier losses.
24 Aug 2020 - he local sharemarket is gaining momentum following a flat start despite CSL and the big banks lagging. AMP’s shares are up over 1 per cent after the wealth manager announced Boe Pahari has been stood down while Chairman David Murray has resigned over the handling of a sexual harassment case.
24 Aug 2020 - Retailing group Super Retail (ASX:SUL) has reported a 20 per cent slide in profit for the full year after repayments costs related to the company's $62 million underpayment scandal continue to drag on the business.
