Covid-19 savings a ‘powerful spending boost’
Savings accumulated during Covid-19 lockdowns should provide a ‘powerful tailwind to consumption’ for at least the next six months, according to UBS.
Savings accumulated during Covid-19 lockdowns should provide a ‘powerful tailwind to consumption’ for at least the next six months, according to UBS.
The local bourse closed up 1.08 per cent at 7182.70. Pointsbet and Credit Corp top performing stocks. Virtus switches to BGH. Drama at Appen AGM as shares plunge. Battery Ventures enters Infomedia race. Retail sales rise.
BetaShares says the products will allow investors to cash in on a boom in demand for alternative energy sources without fearing the volatility of the individual companies.
ASX lower as staples and miners struggle. Telus rescinds $1.2bn Appen bid, Qantas cuts flights over fuel prices, Yancoal takeover, Virtus talks with BGH and Endeavour falls on inflation woes.
ASX ends higher despite a late selloff. Costa Group jumps on update, Chalice drops on $100m raise, Hesta to oppose AGL demerger, Flight Centre names new MD and Worley secures US job.
ASX lower as tech stocks fall on Snap warning. BGH Capital matches CapVest’s Virtus offer, Mercer set to buy BT Super, Crown targets June takeover and The Lottery Corp debuts.
Codan shares surged after the manufacturer of communications and mining technologies said the second half of the financial year would match its bumper first half result.
ASX trims gains as a China Covid surge spooks traders. Geoff Wilson against AGL demerger, Codan up on profit beat, Incitec slips on demerger plans and outgoing Star chair gives evidence.
ASX ends four-day winning with retailers pummeled. Jobless rate hits 1974 low, Aristocrat jumps on buyback, Wesfarmers falls to 19-month low and Nufarm down amid profit rise.
ASX climbs for fourth day led by the materials sector. Fortescue up on Forrest’s new role, A2 Milk to defend NZ class action, Boral $45m earnings hit and UK inflation hits 40-year high.
Original URL: https://www.theaustralian.com.au/author/matt-bell/page/97