Ansell shares dive on slowing profit
Shares in the global maker of surgical and industrial gloves have tanked, wiping $500m from its market value.
Shares in the global maker of surgical and industrial gloves have tanked, wiping $500m from its market value.
The numbers don’t lie. Shoppers are now cutting back on a surprising number of grocery essentials just to make ends meet, as the full of extent of the spending crunch is revealed.
Investors are bracing for what could be the most bruising reporting season since the outset of the Covid-19 pandemic.
KMD Brands, which owns Kathmandu, Rip Curl and Oboz shoes, says that it has experienced a slower start to winter due to adverse weather conditions and soft consumer sentiment.
The nation’s latest wine harvest is the lowest since 2000, hurting winemakers’ bottom lines. But there is good news for drinkers.
Desperate to trim their budgets to make room for higher mortgages and rents, consumers are pulling back on gyms, cafes, entertainment and travel, according to the CBA.
Consumers are switching body wash for soap bars and turning to other cheap ‘life hacks’ to stretch the dollar further, as they face another bleak year of belt tightening.
There has been a drought in new companies floating on the ASX and an 80 per cent collapse in the amount of fresh capital raised over the last 12 months.
The cost of childcare is racing ahead of wages and inflation to place further pressure on household budgets, according to the competition watchdog.
Consumers are pulling back on cheaper, commercial wines such as 19 Crimes backed by US rapper Snoop Dogg, forcing Treasury Wine Estates to close a regional winery facility.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/48