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Corporate Australia is getting back to good health

Corporate Australia is getting back to good health
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More than halfway through the earnings season, corporate Australia is shrugging off the gloom of the COVID-19 pandemic, delivering improving profits and looking to the future with more optimism.
Results this week from the three big iron ore miners, big banks, healthcare companies and a swathe of retailers and fast food firms serving the stay-at-home lifestyle point to a corporate sector returning to health after 2020’s lockdowns and restrictions.
Miners are benefiting from strong demand from Chinese steel mills and the energy transition. The stay-at-home economy is booming because of extra pantry stocking, and heavy investment in mini home renovations and DIY projects funnelling vast amounts of cash to retailers exposed to those sectors. That cash would normally have been applied to overseas travel and eating out at restaurants. ....

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Ansell boss predicts annual COVID vaccines as PPE sales soar

Ansell boss Magnus Nicolin says the protective equipment maker has increased its manufacturing capabilities after flagging potential supply chain issues with raw materials for its single-use gloves. ....

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BHP, NAB, Domain, Redbubble, Virtus Health, Adairs, Ansell and Breville half year results.

3.35PM – Feb 16, 2021
Liam Walsh
Toilet and tap maker GWA is forecasting a recovery in Australian residential markets from March this year, but warned higher-margin work for commercial buildings will remain subdued in the short-term.
“You are starting to see consumer confidence is pretty high,” managing director Tim Salt told
The Australian Financial Review.
“On the commercial side, you’ve probably got it in reverse, the confidence is not there.” He gave the example of facilities such as hotels or airports not engaging in large work until certainty firmed about markets reopening and staying open.
Tim Salt, GWA managing director, said the company had maintained market share in Australia and gained in the UK and New Zealand. ....

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Coronavirus vaccine Australia: Annual jabs could be required to stop COVID-19 threat

The national drug regulator approved the AstraZeneca COVID-19 vaccine for use on Tuesday, and the boss of glove maker Ansell thinks vaccination is here to stay. ....

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VIP Gloves Ltd ready to take advantage of nitrile glove shortages

VIP Gloves Ltd ready to take advantage of nitrile glove shortages
proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.

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