Why these humble pallets are set to cost you more at the shops
A staple at any warehouse, supermarket or furniture store and made cheaply from low-grade wood, pallets are set to lead to an increase in your daily cost of living.
Brambles
Brambles shares jump on earnings upgrade
The shortage of pallets, dubbed ‘pallet-gate’, lingers as Brambles warns of ‘extraordinary’ lumber inflation, but shares rally on earnings upgrade.
ASX up as investors pile in
ASX rose 0.3 per cent, led by financial stocks including Challenger and CBA, plus Brambles. Betmakers soars after striking deal with News Corp. Ramsay extends gains on $20bn bid. BHP dumped after update.
Rethink supply chain crisis: transport boss
Supply chain disruptions will last up to two years as the Ukraine crisis hits raw material commodity prices, a transportation chief has warned.
Brambles under pressure to sell in North America
Brambles is facing growing investor pressure to embark on a strategic review that could result in the $15bn logistics company offloading its North American division to private equity.
Brambles: Geopolitical tensions may worsen pallet crisis
The warning comes as the global logistics giant throws everything, including legal actions, at overcoming worldwide supply constraints that will continue for at least another year.
ASX gains 0.1pc; Block rockets as Magellan falls
ASX rises slightly, but ends the week lower. Block surges on update, Magellan slumps, Incitec Pivot flags $US100m hit, Kogan dives on loss and Harvey Norman rebounds.
ASX smashed in $73bn wipeout; oil, gold surge
ASX posts third worst fall in two years as Russia declares war on Ukraine. Qantas posts $1.27bn loss, Appen hammered amid profit drop, Cimic surges on takeover bid, while oil and gold jump.
Companies abandon shift to virtual AGMs
Qantas, Brambles, Bendigo and Adelaide Bank and others have torn up proposed constitutional amendments that would allow digital-only AGMS.
Pandemic hits Brambles CHEP pallets
Brambles has warned that its CHEP wooden pallets are taking longer to relocate, repair and recycle for the next customer as the pandemic disrupts global supply and transport chains.
ASX200 ends down 0.1% as banks, miners slip
The S&P/ASX 200 finished slightly weaker after a late retreat, with the big banks and miners in the red after mixed leads from Wall Street.
Brambles shares dive on spending
Brambles shares fell 12 per cent after the pallets company unveiled a massive spending plan to modernise its business and pivot to the digital world.
Brambles beats timber price rises
Chep pallets – which ship everything from TVs to potatoes – have become more expensive as timber prices soar.
Covid fallout delivers Brambles sales lift
The pallet giant is on track to meet full-year targets amid high levels of at-home consumption during the pandemic.
Brambles cashes in on pandemic demand
The pallets and logistics major also upgraded its 2021 profit and revenue forecasts.
ASX posts another solid gain, Bitcoin hits new record
ASX closes near 12-month high as BHP rallies; New blow to Fortescue leadership; Bitcoin testing $US50,000 as it hits new record high.
Brambles shares rise on sales, forecasts
The logistics firm says it will reach the upper end of its guidance after the pandemic aided revenue gains in the first quarter.
Brambles tips wild virus ride to go on
Pallets and logistics major Brambles is expecting the rollercoaster ride of the past year to run full throttle into 2021.
Spike and slide as Brambles rides viral wave
The coronavirus pandemic has placed heavy cost strains on supply chain company Brambles.
Should elderly help shoulder COVID burden?
Domestic violence, suicides, depression will keep rising if we don’t get on top of this, says one of the nation’s most respected business leaders.
Original URL: https://www.theaustralian.com.au/topics/brambles/page/3