By Cam Lucadou-Wells
A Noble Park man is accused of snatching elderly women’s handbags as he rode unlicensed aboard a scooter in a Dandenong Plaza car park.
Ali Ramazan, 23, sought a sentencing indication at Dandenong Magistrates’ Court on 27 April on a string of charges including two ride-away thefts and an aggravated burglary while on bail.
In the first theft, Ramazan allegedly rode up to a 73-year-old pushing a shopping trolley and snatched her bag in the McCrae Street car park on 21 August.
According to police, the victim fell to the ground as she tried to grab Ramazan, who fled the scene with her handbag and the $1000 cash inside.
ASX Update: Market cheers ‘low rates for longer’
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Shares surged and the dollar dropped after unexpectedly mild inflation data doused fears the Reserve Bank might raise the cash rate ahead of previous guidance.
The
S&P/ASX 200 jumped more than 20 points after the data drop, boosting cautious early gains to a mid-session tally of 29 points or 0.41 per cent. The
dollar dived around three-tenths of a cent to 77.37 US cents.
What s driving the market
Worries about
inflation were blown away by weaker-than-expected quarterly data. The consumer price index rose a tepid 0.6 per cent over the first three months of the year. Annual growth was 1.1 per cent, well short of the Reserve Bank s 2 - 3 per cent target range. The bank has previously said it would need to see inflation hold sustainably within that range before it will consider raising rates. Underlying inflation increased 0.3 per cent for the quarter and 1.1 per cent
Coles (ASX:COL) records 6.1pc sales decrease in the March quarter
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Supermarket giant Coles (COL) has recorded a sales decrease of 6.1 per cent for the March quarter as the negative impact of COVID-19 continues
However, liquor and Coles Express sales increased 2.6 per cent and 7.4 per cent, respectively
Total revenue for all three sectors totalled nearly $8.76 billion, down from $9.22 billion in the prior corresponding period
Due to social distancing and store closures, eCommerce sales increased 5.5 per cent in Q3, up from a 5.3 per cent growth in Q2 FY21
The supermarket is aiming to deliver zero greenhouse gas emissions by 2030 and have its entire business using 100 per cent renewable electricity by the end of FY25
Coles has reported a 5.1 per cent drop in third-quarter sales to $8.76billion, as trading normalised compared with unusual panic buying ahead of lockdowns during the same period last year.
ASX Close: Meek inflation fuels strong finish
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The prospect of record-low rates for at least another two to three years propelled the ASX to its strongest close in more than a week.
The
S&P/ASX 200 rallied 32 points or 0.45 per cent to its best finish since last Monday s pandemic-era closing high. The index fell short of a new 14-month closing peak by less than a point.
Gains for CSL, Coles and the banks outbalanced declines in Woolworths and the major miners.
What moved the market
The share market jumped more than 20 points and the dollar dived around a third of a cent when this week s most important economic report showed underlying