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Covid Impact To Hit Xero, Despite Stock Trading High

Computer Daily News August 14, 2020 No Comments

SYDNEY: Shares in cloud accounting software maker Xero rose yesterday, after the trans-Tasman company laid the figures bare at its annual meeting, detailing its growth during the Covid-19 pandemic. The…

Australia Has 500M Surgical Masks Stashed Away, Inquiry Told

Computer Daily News August 14, 2020 No Comments

SYDNEY: If you have been worried about whether you will continue to be able to acquire surgical masks in the future, given the increasing number of people wearing them daily,…

EXCLUSIVE: Winnings Profits Fall, As Banks Cut Back Working Capital

David Richards August 14, 2020 No Comments

Appliance retailer Winnings is under pressure with profits falling despite a rise in revenues their bankers have also cut back on access to working capital prior to COVID-19. The Company…

NAB: ‘9.5% Drop In Consumer Confidence An Overreaction’

Elise Reid August 13, 2020 No Comments

The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 9.5% in August, as Victoria enters Stage 4 restrictions and COVID hotspots pop up in New South Wales. “Under those circumstances…

Employment Rate Continues To Improve With More Part-Time Work

Elise Reid August 13, 2020 No Comments

Employment in Australia increased by 114,700 people between June and July, though this was more part-time employment (71,200 people) than full-time employment (43,500 people), according to the ABS. Hours worked…

Breville Revenue Up 25%, ANZ Climbs 18%

Roma Christian August 13, 2020 No Comments

ASX-listed home appliance maker, Breville, has reported a 25.3% jump in full-year revenue, despite the tumultuous landscape of COVID19 and overseas political uncertainty. Full-year net profit after tax slipped 1.8%…

Telstra Profit Down 14%, COVID Cost To Double FY21

Roma Christian August 13, 2020 No Comments

Telstra has reported a 14.4% slump in full year profit to $1.84 billion, with EBITDA hit $200 million from the coronavirus pandemic. The telco expects a $400 million COVID19-related hit…

Sonos APAC Q3 Sales Slump 45.6%, Losses Climb To $79M

David Richards August 13, 2020 No Comments

Don’t hold your breath hoping that Apple will buy Sonos and don’t hold your breath that the US sound Company will finally be able to make a decent profit. After…

Harvey Norman Gets Into Building Luxury Apartments

David Richards August 12, 2020 No Comments

As retail sales in Australia wobble Harvey Norman, is looking to team up with property developers to deliver more luxury apartments as opposed to retail stores. It appears that Gerry…

Big W Kicks Off Father’s Day Sale, With JBL Speakers & Samsung Tablets

Elise Reid August 12, 2020 No Comments

Tomorrow Big W is kicking off its Father’s Day Sale, which features a range of ‘Dad-gadgets’, including smartwatches, Bluetooth speakers, tablets and smartphones. The sale will run from 13th to…