LA Private

August 4, 2023

Australian retailers face challenging times amidst declining sales volumes and soaring prices

Some of the 30th June reports from Australian retailers, due to be issued this month, will make tragic reading for shareholders if the latest analysis of retail sales is any guide. Growth in sales volumes will be weak, and any gains will be due to higher prices – which have, in turn, seen consumers haul

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Stocks of the Hour: Melbana Energy, Azure Minerals, Empire Energy

Melbana Energy (ASX:MAY) announced that the planned Total Depth of the Alameda-2 well has been reached ahead of schedule. Executive Chairman, Andrew Purcell, commented: “Excellent quality logs have been obtained over the entire Amistad interval – a great improvement on last time when logs could not be obtained over some of the most productive units.”

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