Sponsored Story
The performance of the Australian and world stock markets since the shock coronavirus plunge in March has defied expectations. Is it sustainable or will continued global instability result in a second market dip and a W-shaped recovery, BDO Private Wealth Adviser Tony Simmons investigates.
Business
Adelaide-based pharmaceutical company Mayne Pharma has reported a $92.8 million loss for the 2020 financial year, driven by asset write downs in its generic medicines business.
Get InDaily in your inbox. Daily. The best local news sent straight to your inbox every workday at lunchtime.
Thanks for signing up to the InDaily newsletter.
China has announced an anti-dumping investigation into Australian wine, a move which today smashed the share price of Penfolds owner Treasury Wine Estates and could potentially deal a savage blow to the state’s massive wine industry.
SA listed companies have gained ground on the Australian Securites Exchange in the first five weeks of the new financial year as the volatile market inches back from March’s pandemic cliff.
Retail spending has posted its worst quarterly performance since the introduction of the GST 20 years ago, and the risks are it could worsen as Victoria locks down in its fight against the coronavirus.
South Australia’s largest company Santos has reported an 18 per cent drop in second-quarter revenue due to lower realised prices for its oil and gas, but said production from its core assets is expected to remain steady in the near term.
