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There are fears a major Melbourne shopping centre is set to be demolished to make way for a massive new housing development.
Staff at Kmart and Priceline at the Brandon Park Shopping Centre in Wheelers Hill, in Melbourne s south-east, have been told by management both would close forever by Christmas, the Herald Sun reported.
This has sparked rumours the entire centre, which was opened in 1970 and has more than 80 retail stores, is about to close.
The 23,000 square metre shopping complex also struggled to maintain foot traffic during the Covid pandemic, experiencing a significant drop of physical customers in store.
Priceline at Wheelers Hill in Melbourne s south-east will soon be closing its doors permanently
by Tyler Durden
Monday, Mar 08, 2021 - 07:47 AM
US equity futures and global markets jumped higher at the reopen of Asian trading late on Sunday following news of the Senate s passage of the Biden $1.9TN stimulus plan and the spike higher in oil following the Houthi drone attack on Aramco facilities in the Gulf, but have since dipped amid renewed reflationary fears which pushed Treasury yields as high as 1.61% overnight hitting tech stocks with lofty valuations even as value stocks and European markets were broadly in the red. After rising above $71, Brent has since faded gains and was last trading near where it closed Friday at $69. Bitcoin soared as HK-based firm the latest institution to convert cash into Ethereum and Bitcoin.
The most shorted stocks in Australia Lex Hall and Emma Rapaport | 09 Feb 2021Text size
Travel agent Webjet, seafood producer Tassal Group, biotech play Mesoblast, poultry producer Inghams and skin graft pioneer Avita Medical. These are some of the most shorted stocks in Australia.
According to Morningstar and ASIC data, the list of the 20 most shorted stocks includes eight companies under Morningstar coverage, several of which are undervalued. Among them is wide moat-rated funeral home operator InvoCare, which is trading at a discount of 21 per cent to the Morningstar fair value estimate. So too is the narrow-moat a2 Milk Co, which is trading at a discount of 33 per cent.