September 23, 2024

The Australian sharemarket experienced a decline from record highs, primarily due to investor concerns regarding the Reserve Bank’s potential delay in interest rate cuts, expected to remain steady at 4.35 per cent for the seventh consecutive meeting. At 11:40am, the S&P/ASX 200 is 0.68 per cent lower at 8,153.90. Consumer stocks suffer the most following […]

For months now, major retail chains Woolworths (ASX:WOW) and Coles (ASX:COL), along with business groups, media, and analysts, have denied any allegations of price gouging occurring in supermarkets. These allegations received a boost from a move revealed on Monday by the competition and consumer watchdog, the ACCC, which has accused Woolworths and Coles of misleading

Trans-Tasman building products giant Fletcher Building (ASX:FBU) has confirmed weekend reports that it is looking to raise NZ$700 million (A$641 million) to reduce debt and provide greater financial stability. It plans to raise NZ$282 million from investment funds and NZ$418 million from current shareholders. The company has entered a trading halt on both sides of