Live ASX News Today

• 14^th Apr 07:21 PM AEST

  

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• 14^th Apr 07:21 PM AEST

  Aussie consumer watchdog sues Honda of misleading customers

   

  Image source – ©?Lucidwaters?| Megapixl.com 

  The Australian consumer watchdog, Australian Competition and Consumer Commission (ACCC) has accused Honda Australia of misleading customers.  

  ACCC alleged that Honda has been tricking its customers by telling them that two authorised dealerships, Astoria Brighton in Victoria, and Tynan Motors in New South Wales, have closed or would close down.  

  However, Honda ended its contracts with both the car dealerships just two years into their franchise agreements.  

  It contacted the customers via texts, phone calls and emails between January and June in 2021.  

  However, both the dealerships continued to trade independently. Honda told some of its customers that their car warranties would not be valid unless they serviced their vehicles at an authorised dealership. 

  As a result, ACCC launched court proceedings against Honda Australia, alleging that Honda has deprived customers of the opportunity to make an informed choice.  

  According to media reports, Astoria’s co-owner Mark Avis said that the Japanese car manufacturer used its database to contact around 34,000 customers, instructing them to move their business to remain dealers. 

  Both the dealers have now filed proceedings in the Supreme Court of Victoria and have argued that Honda has broken Australian Consumer Law by breaching the Franchising Code.   

  The customer watchdog further accused Honda of causing harm to the Astoria and Tynan businesses by falsely claiming they had closed or would close. 

  ACCC is looking for declarations, costs, and penalties.

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• 14^th Apr 07:12 PM AEST

  

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• 14^th Apr 06:57 PM AEST

  

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• 14^th Apr 04:29 PM AEST

  

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• 14^th Apr 04:06 PM AEST

  

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• 14^th Apr 03:29 PM AEST

  

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• 14^th Apr 02:12 PM AEST

  

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• 14^th Apr 01:15 PM AEST

  

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• 14^th Apr 01:11 PM AEST

  

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• 14^th Apr 01:07 PM AEST

  

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• 14^th Apr 12:43 PM AEST

  

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• 14^th Apr 12:38 PM AEST

  

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• 14^th Apr 10:51 AM AEST

  ASX 200 opens in green; Allkem, Imugene lead gains

  The Australian share market opened higher on Thursday, supported by mining and energy stocks. The benchmark ASX 200 index was trading 0.44% or 33 points up at 7,512 in the first 10 minutes of trading, while the ASX All Ordinaries index was up 0.56% to 7,815.2. The A-VIX fell 3% to 12.34.

  The Dow Jones Industrial Average rose 1.01% to 34,564.59, while the S&P 500 surged 1.12% to 4,446.59. The NASDAQ Composite ended the session 2.03% higher at 13,643.59.

  Coming to the list of top ASX 200 gainers, Allkem Limited (ASX:AKE) and Imugene Limited (ASX:IMU) were the top gaining stocks, surging 5.42% and 4.54%, respectively. On the other hand, Bank of Queensland (ASX:BOQ) and EML Payments Limited (ASX:EML) were the top laggards, falling 3.86% and 2.38%, respectively.

  On the sectoral front, seven out of the 11 sectors were trading in the green. The materials and utilities sectors were enjoying the most gains, rising 0.54% and 0.35%, respectively. The industrial sector was slightly down by 0.08%.  

  Imugene Limited (ASX:IMU) Share Price, Stock News, IMU Share Price & News | Kalkine Media Check Imugene Limited (ASX:IMU) Share Price, Stock News, Stock Chart, Trends, Market Data, Announcements and Unique Analysis on Kalkine Media

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• 14^th Apr 10:37 AM AEST

  ASX 200 to rise after Wall Street ends higher

  The Australian shares are likely to open higher on Thursday ahead of the four-day Easter break after Wall Street rebounded in the overnight trade.

  According to the latest SPI futures, the ASX 200 is likely to open 18 points or 0.25% higher. On Wednesday, the benchmark index rose 0.35% to 7,479 points.

  The Australian March Labour Force report is scheduled to be released at 11.30 AM (AEST).

  Meanwhile, global investor optimism lifted shares on Wednesday despite blurry inflation forecasts as bank earnings and oil supply concerns boosted trading sentiment.

  Data on Wednesday showed no let-up for UK after inflation hit a 30-year high of 7%, although this came a day after a lower-than-expected US print had given some traders cause to hope policy would be tightened more slowly.

  On Wall Street, the Dow Jones rose 1%, the S&P 500 climbed 1.1%, and the NASDAQ jumped 2%.

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