The Australian share market snapped a two-day profitable streak to shut in the pink, weighed down by banks, miners, well being shares and profit taking. Coronavirus restrictions slashed TPG Telecom’s margins for mobile phone roaming whereas retail retailer closures lowered gross sales, the company’s first post-merger monetary results present. West Australian shipbuilder Austal says the defence vessel market is strengthening and has been largely shielded from the COVID-19 pandemic. The sale of an Australian dairy business to a Chinese company has been deserted after Treasurer Josh Frydenberg deemed it “against the national interest”.
Major jewelry retailer Lovisa’s profits have tumbled as forced retailer closures through the coronavirus pandemic lockdown stifled sales...Read More