WAM Capital bets big on tourism and leisure
Geoff Wilson’s WAM Capital has loaded up on tourism-related companies – to make up 10 per cent of its portfolio – while booking an 8.1 per cent return for the December half.
Geoff Wilson’s WAM Capital has loaded up on tourism-related companies – to make up 10 per cent of its portfolio – while booking an 8.1 per cent return for the December half.
Greenlit Brands has improved profits and paid $170m in dividends to its scandal-ridden parent, but it is starting to see consumers buckle.
The Reject Shop boss Phil Bishop has suddenly resigned from the discount retailer after only seven months in the role, citing ‘personal reasons’.
Last year’s massive order from the US and personal endorsement from President Biden has helped drive sales for Bubs but China has remained a tough market.
The editor-at-large at The Australian Business Review has been appointed the new chief executive of the Australian British Chamber of Commerce.
The department store chain and financial services group will partner to create a new store credit card, but its CEOs warn of economic headwinds from a barrage of interest rate rises.
There will be challenges for the auto industry in 2023 from a slowing economy and pressures on household budgets.
Once in the doldrums and facing losses, Myer has posted record sales through to Christmas and is on track to more than double its interim profit.
Once a retail high-flyer during the Covid-19 shopping boom, Kogan.com is now facing sliding sales and a record first-half loss of more than $31m.
The cost of the weekly shop at Coles and Woolworths increased on average by 9.2 per cent in the December quarter, says UBS.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/68