ASX posts best day in six weeks as 'Brexit' odds wane
A Brexit-inspired relief rally buoyed the sharemarket at the start of the week ahead of Thursday's vote, with strong gains posted across the board led by energy, miners and bank stocks. After rising early, the S&P/ASX 200 index cruised through the session, posting a 94 point, 1.8 per cent gain to 5256, its best day since early May, while the All Ordinaries finished 1.7 per cent or 87 points higher to 5335.6.It joined a positive session around the Asian region, with Japan's Nikkei 225 more than ..>> view originalMetcash shares crash despite shoppers returning to IGA
Metcash shares are up 31 per cent since the start of the year. Photo: Bloomberg Shoppers have returned to IGA supermarkets thanks to supplier Metcash's strategy of slashing prices and refurbishing stores, but the independent chain remains vulnerable in the face of fierce competitors like Aldi. The IGA network saw same-store sales grow 1.4 per cent last year off the back of investment in price and service, marking a fourth consecutive period of sales growth. ..>> view originalServices sector will see labour shortage
Services sector will see future labour shortage>> view originalPossible Moody's downgrade for Packer's Crown
Possible Moody's downgrade for Packer's Crown>> view originalQld financial planner committed to trial
A former Brisbane financial planner who allegedly instructed staff to transfer money from clients' self-managed superannuation funds without signed approval has been committed to stand trial on fraud charges.Former financial adviser Bradley Thomas Sherwin is facing 33 fraud charges for allegedly using almost $10 million in clients' money between July 2009 and Christmas Eve 2012 without telling them what he planned to do with it.At the time, he was the principal of Sherwin Financial Planners and ..>> view originalNews Corp set to sign APN buy
Ugly end to Uglii business: corporate watchdog moves on Australian IT firm
EXCLUSIVEThe corporate watchdog has moved to wind up internet firm Uglii and several of its subsidiaries while alleging the firm breached company laws, in a move that may result in thousands of the firm's shareholders losing their investments. The move by the Australian Securities and Investment Commission was prompted by an investigation by Fairfax Media that alleged the firm and its now former chief executive, John Knorr, had engaged in serious corporate misconduct by misleading investors - i..>> view original
Monday, June 20, 2016
ASX posts best day in six weeks as 'Brexit' odds wane and other top stories.
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