Supermarket large Coles has posted retail revenue rise as shelf-stripping panic buying through the pandemic prompted a sales surge. Australian biotechnology big CSL has flagged manufacturing 100 million doses of a COVID-19 vaccine by mid subsequent 12 months and reported higher full-yr earnings. The pandemic-induced growth in on-line purchasing has driven a surge in Wesfarmers’ income, with Bunnings again proving the money cow. New figures reveal the effect Victoria’s lockdown and newly imposed journey restrictions have had on business activity across Australia.

One of Australia’s biggest highway builders and toll suppliers Transurban says coronavirus has severely affected its operations, with an enormous drop site visitors...

Top U.S. and Chinese trade officials reaffirmed their commitment to a Phase 1 trade deal, which has seen China lagging on its obligations to buy American goods, giving a lift to financial markets on Tuesday. Sydney Airport has revealed the crippling extent of the financial harm attributable to the pandemic journey bans – warning job losses are on the table. A main shopping centre group has taken a big revenue hit and doesn’t count on to recuperate some unpaid hire as retailers struggle amid the pandemic. The Australian share market finished firmly above the 6100-level mark on Tuesday, with banks and large miners among the many winners. The Commonwealth Bank’s cash earnings have taken a hit as the impact of the coronavirus downturn ripples through the trade.

Vitamins juggernaut Blackmo...