Why miss out the ASX Market News 2020? WATCH NOW!

April 17, 2020 04:00 AM AEST | By Team Kalkine Media

Google News:

Recent News

Spring 2025 Roundtable Recap: Advancing Beverage Environmental Sustain...

Patricia Corsi Named to Forbes World's Most Influential CMOs for...

Entergy Texas Marks 25 Years of Fan Donations To Help Customers Beat t...

Sustainability Resource Hub: Strategies, Metrics, and Best Practices

Royal Dutch Shell says it has made a final investment decision to develop the first phase of Australia's biggest coal seam gas resource in Queensland.

The first phase of the $10 billion Surat Gas Project would bring as much as 90 billion cubic feet per year of new natural gas to market at peak production, Shell said in a statement.
The project is being developed by a Shell and PetroChina joint venture called Arrow Energy. Construction will start this year and its first gas sales are expected in 2021.

Coca Cola Amatil has signalled $140 million in savings through several measures to weather the coronavirus.

The company also said non-critical projects had been deferred, reducing capital expenditure for FY2020 from $300 million to $200 million.

Jewelry group Michael Hill suffered an 11.9 percent dive in third-quarter revenue across its global network. The group said its 300-odd stores across Australia, Canada and New Zealand recorded $105.06 million in revenue for the quarter - down from $119.3 million.

Shares in the company were worth 36 cents before trade on Friday and have nearly halved in value in 2020 so far against a 19 percent downturn for the ASX/200.

As per the latest data released by the ABS, the trend monthly hours worked remained unchanged between February and March 2020. This resulted slowing growth in hours worked in recent months.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.