Consumer

Here’s why Star Entertainment (ASX:SGR) is in news today
May 09, 2022 12:42 PM AEST| By RitwikaHighlights: Star Entertainment suspends domestic and international rebate play programs from today. The company also appointed interim executive members after the resignation of significant board members. SGR will soon begin the ap.....

Qantas (ASX:QAN) to acquire 100% of Alliance Aviation (ASX:AQZ)
May 05, 2022 03:56 PM AEST| By RitwikaHighlights Qantas will be acquiring the remaining shares of its 20% owned Alliance Aviation. The acquisition is subjected to Alliance shareholders’ approval. Acquiring Alliance Aviation will help Qantas to serve the rising resource se...

Graincorp (ASX:GNC) shares close higher on surging crops’ demand
May 03, 2022 07:12 PM AEST| By SamtaHighlights GNC shares are rising on a recent hike in global demand for Australian grain and oilseed. The stock has gained 38% over the last three months. GNC has recently upgraded its FY22 earnings guidance. Shares of grain storage and pr.....

Cleanaway (ASX:CWY) lowers EBITDA guidance for FY22, shares fall
May 03, 2022 12:57 PM AEST| By RitwikaHighlights: Cleanaway will continue to face COVID-19 impacts during the remaining FY22. The company will also see the impacts of higher fuel prices and the consequences of the flood. As a result, the company will deliver a lesser E.....

Why Woolworths (ASX:WOW) shares are down despite strong Q3 sales growth
May 03, 2022 10:57 AM AEST| By AshishHighlights Woolworths’ March quarter sales shot up 9.7% to AU$15.1 billion. The retail giant’s e-commerce sales were up 33.4% to AU$1.5 billion. However, the group’s BIG W business struggled. Woolworths Group...

MHJ, CCX, ATP: Quarterly updates from apparel and jewellery stocks
May 02, 2022 08:02 PM AEST| By Aditi SarkarHighlights Michael Hill witnessed robust sales growth in the May quarter City Chic made new partnerships with The Iconic, Dia, Amazon, Walmart, Zalando, and Debenhams The Ease of COVID-19 lockdowns and operations of commercial flights in the I...

WEB, FLT: Why are ASX ‘air travel’ stocks under investors’ radar today?
May 02, 2022 07:15 PM AEST| By RitwikaHighlights Qantas’ announcement made investors rejuvenate the ASX air travel stocks that had been suffering from the impacts of COVID-19. Investors’ have stirred the ASX air travel stocks today, including WEB and FLT, by tradi...

Qantas (ASX:QAN) shares gain 3.6% on 3QFY22 & fleet updates
May 02, 2022 01:16 PM AEST| By Bhawna GuptaHighlights Qantas has announced several major fleet decisions today. Simultaneously, the company has shared its 3QFY22 results. The recovery in business traffic has been faster than we expected in the quarter. Qantas Airways Limited (ASX:.....

Helloworld (ASX:HLO) reports strong revenue as travel business resumes
May 02, 2022 12:38 PM AEST| By RitwikaHighlights Helloworld has regained confidence after its business suffered for two years due to COVID-19. The company reported a revenue gain of 52% in the March quarter, indicating further growth in the coming months. As a result, .....

Lark Distilling (ASX:LRK) shares gain on 4C market update
April 29, 2022 01:22 PM AEST| By Bhawna GuptaHighlights: Lark is on track to meet its aim of two million litres whiskey by 30 June 2022. The whisky bank's value has climbed by AU$132 million (+45%) in 3QFY22 from 2QFY22. Net sales in the third quarter were AU$3.3 million, bringing year-t.....

Adore Beauty (ASX:ABY) shares gain on third quarter results
April 28, 2022 12:49 PM AEST| By Sonal GoyalHighlights Adore Beauty has reported 9% increase in the third quarter revenue. The ASX-listed fashion retailer said that its 47% customers have ordered again in 12 months. Adore Beauty might launch private label products in coming days. S...

Coles (ASX:COL) boosts Q3 revenue; sounds price rise warning
April 28, 2022 11:09 AM AEST| By AshishHighlights Coles Group announced a 3.9% rise in gross retail sales. The retail giant’s supermarket segment faced pressure from floods. Liquor sales revenue rose by 2.9%. Coles Group Ltd (ASX:COL) on Thursday announced a...

Bubs’ (ASX:BUB) gross revenue jumps 49% in FY22 third quarter
April 26, 2022 02:18 PM AEST| By Aditi SahaHighlights Bubs has posted a gross revenue of AU$17.6 million in FY22 third quarter. The company has marked a positive pcp growth momentum in all important business pillars: global, domestic and China. With 42.1% of the overall domestic goat m...

United Malt (ASX:UMG) releases FY22 earnings guidance; how are shares performing?
April 26, 2022 11:19 AM AEST| By AshishHighlights United Malt expects EBITDA (before SaaS costs) for the first half to be nearly AU$57 million. The company also said that its dividend policy remains to disburse nearly 60% of underlying NPAT as dividends. Higher input cost...

Qantas (ASX:QAN) shares end 4% higher as international travel picks up
April 21, 2022 07:23 PM AEST| By Sonal GoyalQantas Airways Limited (ASX:QAN) shares ended sharply higher on the ASX today (21 April 2022) as the travel industry has started showing signs of pickup. International travel, which was severely impacted due to the pandemic, is gradually getting ba.....

Crown (ASX:CWN) may pay A$100M fine; shares trade in red
April 06, 2022 12:40 PM AEST| By RitwikaHighlights Crown was found to be executing the Chinese Union Pay process to transfer funds from China illegally. The Victorian Gambling and Casino Control Commission might charge a fine worth AU$100 million on Crown. Crown shares dip on the AS...

Shares of Alliance (ASX:AQZ) & Qantas (ASX:QAN) soar on ACCC’s declaration
April 05, 2022 01:25 PM AEST| By Aditi SahaHighlights In 2019, Qantas Airways acquired a 19.9% stake in Alliance Aviation Services Limited. Qantas received a significant jolt after the acquisition when the ACCC launched the investigation in 2020. Alliance has stated today that th.....

Vmoto (ASX:VMT) inks strategic & investment deals in Europe
April 04, 2022 11:25 AM AEST| By Sukriti NairHighlights European entrepreneurs Castiglioni and Milone to acquire 50% stake in Vmoto’s Italian distribution company VSI. VMT’s financial result for FY21 calmingly reflect its strong status in the electric motorcycles markets. Vmo...

Corporate Travel (ASX:CTD) acquires Helloworld's (ASX:HLO) travel units
April 01, 2022 02:16 PM AEDT| By Aditi SahaHighlights Helloworld Corporate has been purchased for AU$175 million by Corporate Travel Management. Consideration for the transaction includes AU$100 million in cash and around 3.6 million CTD shares to Helloworld. The integration of Hellowo.....

Wesfarmers (ASX:WES) completes API (ASX:API) acquisition, shares fall
April 01, 2022 12:07 PM AEDT| By Priyanka PayalHighlights Wesfarmers Limited has finished the acquisition of Australian Pharmaceutical Industries Limited. Wesfarmers' shares were spotted trading 1.964% lower at AU$49.420 per share on ASX at 10:39 AM AEDT. Earlier, API shareholders had vote.....

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