Qantas taken to High Court over COVID-19 sick leave
Tony Yoo | December 23, 2020 11:29am |
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Qantas Airways Limited (ASX: QAN) will face off against employees in the High Court of Australia on Wednesday.
Four unions are appealing against a Full Federal Court decision last month that the airline did not have to provide sick, compassionate or carer’s leave for staff that had been stood down.
Qantas stood down about 20,000 employees at the start of the COVID-19 pandemic when it became apparent its planes would be grounded.
The Australian Council of Trade Unions (ACTU) claims Qantas’ denial forced some seriously ill workers to take a redundancy for financial reasons.
ASX 200 Weekly Wrap: ASX hits new post-March high
Sebastian Bowen | December 21, 2020 8:38am |
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The S&P/ASX 200 Index(ASX: XJO) has done it again, banking yet another week in the green to turn its 6-week winning streak into 7. The gains also helped the ASX 200 hit its highest level since the March share market crash. All of this was despite a nasty fall on Friday as the extent of the Sydney coronavirus cluster became clear.
So, it was a rather dramatic week on the share market last week. Friday saw the ASX 200 hit 6,756.7 points upon market open, a new post-March high watermark for the index. At that level, the ASX 200 was up 1% year to date, and up almost 47% since the March lows.
ASX 200 rises on Monday
Tristan Harrison | December 14, 2020 4:41pm |
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6,660 points.
Altium, the electronic design software company, announced it is going to sell its TASKING business to FSN Capital for US$100 million up front and another US$10 million conditional upon achieving revenue targets in FY21 after the sale.
Mr Aram Mirkazemi, the CEO of Altium, said: “The strategic divestment of TASKING combined with our recent organisational changes and hard pivot to the cloud marks an inflection point for Altium in its pursuit of industry transformation. While TASKING is a great business, it does not play a central role in our design to realisation strategy for the electronics industry, which is being delivered through our new cloud platform Altium 365. The divestment of TASKING will free up organisational capacity and allow Altium leadership to focus on our main game, which is to expand Altium 365 and accelerate the adoption.”
This is when ASX airport shares will take off
Tony Yoo | December 11, 2020 10:50am |
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Flight Centre Travel Group Ltd (ASX: FLT) making a roaring comeback.
But what about those poor airports? COVID-19 completely killed off flying and devastated these usually reliable infrastructure shares.
The
Sydney Airport Holdings Pty Ltd (ASX: SYD) share price is still down 25% compared to January, and
Auckland International Airport Limited (ASX: AIA) is negative 13% for the same interval.
Interstate borders have now almost completely reopened, and there is some hope for international travel with multiple vaccines in the pipeline.
So is it worth holding airport shares in anticipation of a looming revival?