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Nick Scali poised to pounce on Plush afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
10 things you need to know this morning in Australia James Hennessy 1. Yesterday s COVID-19 numbers in NSW were as poor as expected. The state counted 112 new cases of coronavirus in the community, and Premier Gladys Berejiklian said it was “almost impossible” the lockdown would end this week as planned, saying the government can t commit to an end date at this time. Announcements on business support can be expected as early as today. NSW recorded 112 new locally acquired cases of #COVID19 in the 24 hours to 8pm last night. pic.twitter.com/dpcXzL8Y80 2. What might that support look like? The Nine papers report this morning that cash grants will go to small businesses struggling to survive Sydney’s lockdown under a federal government plan. This won t be the state-level JobKeeper the NSW government originally planned, which has apparently been shelved. The federal government is also apparently working on a way to encourage people to a ....
-Snap lockdowns to undermine discretionary retail earnings/share prices -Proposed EU-based consumer credit regulations may affect growth for Afterpay/Zip Co -Major rebound in buybacks, special dividends, and return to normal dividend payout ratios on the cards By Mark Story Discretionary retail: Lockdowns tarnish second half earnings Despite the accelerated vaccine roll-out nationally, Jarden sees the real risk of Australia remaining closed for longer, which will likely delay the reopening trade. To reflect snap lockdowns in NSW and Victoria, partial lockdowns in QLD, WA and the NT, plus a growing cost of doing business pressures (CODB), Jarden has cut FY21 earning per share (EPS) forecasts by an average -5% across a handful of discretionary retailers. ....
The stocks Yarra Capital will target if investors âfreak outâ Save Share Dion Hershanâs Yarra Capital Management plans to dive into retail and consumer stocks during the coming reporting season, taking advantage of any weakness that emerges as big retailers cycle the spending boom from a year ago. Mr Hershan believes investors could âfreak outâ when they see COVID-19 winners such as food, outdoor leisure, electronics and homewares retailers report negative same-store sales growth or weaker than expected results. Yarra Capitalâs Dion Hershan has a contrarian view about the outlook for consumers. Â Josh Robenstone âWe stand ready to be a buyer of consumer stocks,â said Mr Hershan, who has a contrarian view about the outlook for consumers and believes spending is likely to remain strong for at least 12 months. ....
Sydney lockdown: Cue calls for tighter lockdown restrictions as exposure sites grow afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.