Costa shares dip 40% on sagging veg demand
Subdued demand for tomatoes, berries and avocados in December has seen more than a third wiped off Costa Holding Group’s share price. The fruit and vegetable grower’s stock plummeted by as much as 40 per cent at Thursday’s open after the company cut its half-year forecast following weaker demand for produce. An earlier than expected…
Events that marked 2018
From a spy drama that poisoned ties between Russia and the West to major US turnarounds under President Donald Trump, here are some of the major events that marked 2018.Russian spy poisoning sagaOn March 4, Russian former double agent Sergei Skripal and his adult daughter are discovered unconscious and poisoned by a highly toxic nerve…
Qantas to fly to Sydney from regional Vic
Australia’s flying kangaroo airline will operate services between Bendigo and Sydney. Qantas’ Q300 turboprop aircraft touched down at Bendigo Airport on Monday, ahead of its inaugural return service, operating six days a week from March 31. It is expected to attract almost 15,000 visitors to the regional centre each year, Treasurer Tim Pallas said. “This…
Kathmandu shares jump 17% on strong sales
Kathmandu’s shares have jumped nearly 17 per cent after the adventure gear retailer reported a 7.1 per cent rise in Australian same store sales. Same store sales for the 15 weeks to November 11 grew 6.3 per cent across the company on a constant currency basis, with Australian operations the stand out performer. Same store…
UEFA open to reopening financial fairplay cases
UEFA warned Monday that clubs whose finances have already been scrutinised by its Financial Fair Play regulations may not be out the clear yet, European football’s ruling body told AFP.Less than a week after the latest revelations in the Football Leaks series, UEFA suggested it could reopen previously concluded cases should new information arise.Every club…
UK police open probe into biggest Brexit donor
British police on Thursday opened a criminal investigation into a top Brexit donor over his alleged use of offshore companies to finance the campaign to leave the European Union.The probe came after the Electoral Commission said it had ‘reasonable grounds’ to believe Arron Banks – an insurance company owner who was the single biggest donor…
Global stocks mixed as Asian rally fails to spread
World stocks were mixed to start the week on Monday, as investor enthusiasm in Asia failed to spread to Europe and Wall Street, where geopolitical worries weighed on indices.In Europe, stocks gave up early gains following a defiant reply to EU critics by Rome, which intends to stick to a controversial spending budget.The dollar rose…
Diesel prices hit 4-year highs
Diesel prices hit 4-year highsPetrol prices; Job advertisements; China dataDiesel price: According to the Australian Institute of Petroleum (AIP), the national average retail diesel petrol price rose by 1.6 cents to 160.4 cents a litre over the week – the highest level in four years.Unleaded petrol price: The national average Australian price of unleaded petrol…
Volatile aircraft sales lift US durable goods in August
Sales of US-made aircraft rebounded in August, lifting orders for American durable goods to a six-month high at the end of the second quarter, the government reported Thursday.But the highly volatile aircraft segment masked weakness in other closely watched measures of sales activity for big-ticket, US-manufactured items, which slowed or fell.Total durable goods orders jumped…
Telstra trims FY earnings guidance on NBN
Telstra has trimmed its full-year earnings guidance range because a lower than expected number of NBN customers are available for connection. The communications giant on Thursday said income will be $300 million lower than previously expected because the national broadband network’s corporate plan includes fewer than predicted premises declared ready for service. As a result,…
