Tag: asx
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The Reject Shop shares have plummeted
The value or stock in The Reject Shop have plummeted after the discount variety store reported a drop in its full-year profit. In an announcement to the ASX, The Reject Shop revealed that their full-year profit will drop to approximately $12.5 million, citing the wider market as a cause for the loss of profits. “Assuming…
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Premier Investments confirms stake in Myer
Premier Investments has been announced as the largest stakeholder for the retail giant Myer. In a statement to the ASX, Premier Investments confirmed that it has bought a 10% stake in the retailer, after much speculation over who had bought the shares. “Premier Investments Limited has made a strategic investment of 10.77% in Myer Holdings…
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ASIC is reviewing Harvey Norman’s accounts
Retail giant Harvey Norman is having its accounts reviewed by the Australian Securities and Investments Commission (ASIC) as part of its financial reporting surveillance program. In an statement made to the Australian Stock Exchange, Harvey Norman disclosed that they were having their accounts reviewed by the corporate regulator. The announcement was made after the Australian Financial Review (AFR)…
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Dreamworld to reopen for start of school holidays
The parent company of Dreamworld, Ardent Leisure, announced in a statement to the ASX this morning that Dreamworld is set to reopen on Saturday, December 10 with a charity weekend. Of each guest entry fee, $25 will be donated to the Red Cross. The theme park has been closed for the past month due to the tragic deaths…
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Hopeful market as AUD and ASX rise
Australian traders will be feeling positive this morning as the Australian dollar climbs in early trade. The AUD now buys 0.7437 US cents, which represents a 0.09% increase on Friday’s closing price. The stronger performance of Australia’s key export commodities has helped to augment this rise, in particular iron ore. This week Australia’s largest export…