Brexit fallout sends pound to 168-year low
The fallout from the United Kingdom's Brexit vote has led to the British pound falling to its lowest level against the Australian dollar in three years and, on one measure, to its weakest position in 168 years. The sterling has dropped to 31-year lows against the US dollar and slipped 15 per cent against the euro since Britain's shock vote in June to the leave the European Union. More Business Videos Previous slide Next slide Post Brexit pound sparks a tourism boom ..>> view originalBeauty brands Sephora, Mecca challenge fashion labels for prized retail real estate
In the queue outside Mecca Maxima's store opening in Melbourne this week, a young woman patiently waited for her chance to get a selfie with big-name Australian beauty blogger Chloe Morello.The line was long, but Madeleine was happy to wait to share a precious few seconds with one of her beauty idols and be one of the first customers admitted into Mecca Maxima's biggest store to date in the newly opened precinct at Vicinity Centre's Chadstone shopping centre. More Business Videos ..>> view originalIron ore edges higher, but BHP, Rio hit by rating cut
beer maker Broo makes strong market debut
An emerging brewer has enjoyed a strong debut on the share market, adding over $4 million to its value.Shares in Broo jumped 40 per cent on its market debut, up eight cents from their issue price of 20 cents, taking its market value to $170.3 million. Drink to that: Broo Executive Chairman Kent Grogan. Photo: Pat Scala Broo currently makes two beers - Broo Premium Lager and Australia Draught - which it markets as premium mainstream beers, rather than craft beers.They are currently brewed..>> view originalASIC gagged on life insurance review
ASIC gagged on life insurance reviewAustralian Associated Press4:21PM October 14, 2016SaveThe corporate regulator knows of two life insurers that pay staff partly according to how many claims they deny - but is not able to publicly name them.Fronting a House of Representatives standing committee on economics on Friday, officials from the Australian Securities and Investments Commission were repeatedly asked to reveal which insurers had the highest rates of rejected claims, and those that link re..>> view originalOff-the-plan settlement risk rising, RBA warns
An inner-city apartment glut in Melbourne and Brisbane threatens to squeeze property developers, the Reserve Bank has warned, amid signs some off-the-plan buyers are already facing difficulties settling on their purchases.In its latest check-up on the banking system, the Reserve says risks in the apartment market are "coming to the fore," especially in inner-city Melbourne and Brisbane, which face the greatest increase in housing supply from a building boom. Construction in Docklands, a ho..>> view originalFantastic agrees to $361m takeover
Discount furniture retailer Fantastic Holdings has agreed to a "compelling" takeover valuing it at $361 million from the acquisitive South African owner of the Freedom and Snooze furniture chains.Steinhoff Asia Pacific Holdings' $3.50-a-share bid is 43 per cent above the stock's last trading price. It has the support of Fantastic's two key shareholders, chairman Julian Tertini and former finance director Peter Brennan, as well as the board in the absence of a superior offer and subject to an ex..>> view originalThe new resources boom - is the party over already?
Before we all get too excited about an emerging commodities boom Mark 2 - be aware that the smart money is already calling it over.In the last week, headlines screamed about the deficit-improving, economic-boosting prospects that we will enjoy thanks to surging prices for our minerals. But don't bank on the resources stock dividend trickle turning to a flood just yet. More News Videos Previous slide Next slide Fracking now 'safe' Caulfield newcomer with 'uniqu..>> view originalBHP Billiton, bank stocks send ASX lower for the week
The Australian sharemarket ended the week underwater, led down by mining and bank stocks as investors prepare for an interest rate hike in the US and investment banks turned negative on miners.News from the US, including a fiery presidential debate between candidates Donald Trump and Hillary Clinton as well as the release of minutes from the Federal Reserve that pointed to an imminent rate hike influenced the market, as well as local pessimism towards the prospects for resources and energy stoc..>> view originalNew trading hours a 'big win' for Qld
MAJOR southeast Queensland stores will be able to open longer with the state’s industrial relations commission unanimously granting an extension of trading hours. The changes, which will come into play on December 1, will mean major retailers can open from 7am to 9pm Monday to Saturday.The National Retail Association (NRA) cited independent economic research during the hearing that suggested the move could add $111 million to the state’s economy and create 1000 jobs.“It allows consumers the choi..>> view original
Tuesday, October 25, 2016
Brexit fallout sends pound to 168-year low and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment