Challenger bank Tyro Payments sees transactions grow despite Covid-19

Challenger bank Tyro Payments sees transactions grow despite Covid-19

The macro-trend of neobanking has so far held up well against the economic headwinds of Covid-19, with challenger bank Tyro Payments (ASX: TYR) continuing to grow its transaction volume over the past three weeks. The latest numbers from March 1-20 show processed transactions were up 20 per cent year-on-year at $1.19 billion. This does...

Read More...
InvoCare shares plunge on funeral limits

InvoCare shares plunge on funeral limits

Funeral home operator InvoCare (ASX: IVC) is dead set on not letting last night's new social distancing measures be the nail in the coffin for business. As part of the government's wide-reaching restrictions, funerals will not be allowed unless there are no more than 10 people in attendance and only one person per four square metr...

Read More...
National Covid Coordination Commission to connect public and private sectors

National Covid Coordination Commission to connect public and private sectors

A new commission established today by Prime Minister Scott Morrison will seek to connect the public and corporate sectors in Australia to help manage the ongoing Covid-19 crisis. Headed up by Neville Power (pictured), the former CEO of Fortescue Metals Group and current chairman of Perth Airport and the Royal Flying Doctors Service of Aus...

Read More...
Star Entertainment Group stands down 90 per cent of workforce

Star Entertainment Group stands down 90 per cent of workforce

Covid-19 gathering restrictions have forced Star Entertainment Group (ASX: SGR) to temporarily stand down 90 per cent of its 9,000 strong workforce. The impact of social distancing measures announced by the Federal, New South Wales, and Queensland Governments forced Star to close its gaming facilities, and food and beverage, banqueting an...

Read More...
Cochlear announces $800 million capital raise to ride out market uncertainty

Cochlear announces $800 million capital raise to ride out market uncertainty

Australian hearing implants business Cochlear (ASX: COH) hopes to raise $800 million to ensure it remains strongly capitalised during the economic fallout of Covid-19. Many elective surgeries, including Cochlear's own implant surgeries, have been deferred as hospitals around the world ramp up treatment efforts for the novel coronaviru...

Read More...
Virgin Australia cuts domestic capacity by 90 per cent, suspends all Tigerair services

Virgin Australia cuts domestic capacity by 90 per cent, suspends all Tigerair services

Airline Virgin Australia Group (ASX: VAH) will extend its domestic capacity reductions from 50 per cent to 90 per cent and suspend all Tigerair Australia domestic services effective immediately. The measures come as many Australian states and territories make the decision to close borders, forcing around 125 Virgin aircraft to be temporar...

Read More...
PM bans all overseas travel, restrictions on funeral attendance, penalties for profiteers

PM bans all overseas travel, restrictions on funeral attendance, penalties for profiteers

On Tuesday evening the Prime Minister held another Covid-19 press conference during which he sought to clarify the Federal Government's position on social distancing measures and travelling overseas. Australians looking to leave the country will now be prohibited to do so under the Federal Government's powers in the Biosecurity Ac...

Read More...
Justin Hemmes "completely heartbroken" as Merivale venues close

Justin Hemmes "completely heartbroken" as Merivale venues close

Hospitality entrepreneur Justin Hemmes has responded to the "devastating time" the industry is experiencing with the shutdown of all of Merivale's 70-plus venues, potentially putting 3,000 jobs at risk.  Hemmes, whose company owns such iconic bars and restaurants as Establishment, ivy and the Coogee Pavilion, wrote a le...

Read More...
ResMed ramps up ventilator production to tackle Covid-19

ResMed ramps up ventilator production to tackle Covid-19

Sleep apnoea treatment company ResMed (ASX: RMD) is one of Australia's great medical technology success stories, founded in Sydney by Dr. Peter Farrell in 1989 and now with offices all over the world. Dual-listed on the New York Stock Exchange (NYSE), the company is headquartered in San Diego, California but has a state-of-t...

Read More...
Wuhan residents will be allowed to leave

Wuhan residents will be allowed to leave

Almost four months after the world's first reported cases of Covid-19 in the central Chinese city of Wuhan, authorities are now reportedly preparing to lift outbound travel restrictions for residents. Last week the city reported no new daily cases for the first time, and CGTN cites reports from the Wuhan Health Commission that th...

Read More...
Guidance withdrawal update: Cleanaway, Cardno, GWA, Bapcor

Guidance withdrawal update: Cleanaway, Cardno, GWA, Bapcor

Cleanaway Waste Management (ASX: CWY), bathroom and kitchen fixture distributor GWA Group (ASX: GWA) and engineering outfit Cardno (ASX: CDD) are among the major companies to withdraw earnings guidance today due to uncertain market conditions with Covid-19. Other companies that withdrew guidance today include Seven West Media (ASX: SWM),&...

Read More...
Can I get coronavirus from mail or package deliveries? Should I disinfect my phone?

Can I get coronavirus from mail or package deliveries? Should I disinfect my phone?

According to Google Trends, the top two most searched terms about mobile phones this week in Australia were "how to disinfect phone" and "how to clean your phone." And the third most-searched "can I get coronavirus from?"-style question in the past week in Australia was "can you get coronavirus from mail...

Read More...
Joint telehealth development to assist in diagnosing respiratory disease

Joint telehealth development to assist in diagnosing respiratory disease

Two digital health companies have joined forces to expand access to telehealth services targeted specifically at diagnosing respiratory diseases. ResApp Health (ASX: RAP) will integrate its acute respiratory diagnostic test ResAppDx-EU into Phenix Health's telehealth smartphone app. The partnership is a significant step toward acc...

Read More...
NSW emergency Bill proposes new police enforcement powers, lifting Easter trading restrictions

NSW emergency Bill proposes new police enforcement powers, lifting Easter trading restrictions

A raft of legislative measures designed to tackle the spread of Covid-19 are on the table in New South Wales after the State Government announced an emergency Bill to Parliament today. The proposed amendments will empower police to take action on suspected breaches of Covid-19 public health orders (like breaking quarantine), allowing supe...

Read More...
Trials advancing for Covid-19 drug and vaccine research

Trials advancing for Covid-19 drug and vaccine research

The Walter and Eliza Hall Institute of Medical Research in Melbourne has recently given the Federal Government a proposal for preventative treatment options against Covid-19. Federal Health Minister Greg Hunt (pictured) revealed the proposal in a press conference today, explaining it would be considered immediately. "I am hopeful...

Read More...
Queensland Government to halt and refund payroll tax as part of $4 billion package

Queensland Government to halt and refund payroll tax as part of $4 billion package

The Queensland Government has today announced the biggest single relief package of any Australian state or territory, putting forward $4 billion to support businesses, households and the health sector. Deputy Premier and Treasurer Jackie Trad (pictured) says two months worth of payroll tax will be refunded to businesses impacted by Covid-...

Read More...
Australian manufacturers heed the call for hand sanitiser supply

Australian manufacturers heed the call for hand sanitiser supply

One of the most in-demand products during the Covid-19 pandemic has been hand sanitiser. While we are regularly told there is enough supply of the stuff to go around for us all, that hasn't stopped panic buyers from purchasing hand sanitiser in bulk, leaving supermarkets with no supply but heightened demand. Australian manufacture...

Read More...
Dentists urged to defer non-urgent treatments for vulnerable patients

Dentists urged to defer non-urgent treatments for vulnerable patients

As practically every sector of the economy seeks out ways to reduce the risk of Covid-19 transmission, the Australian Dental Association (ADA) has put out recommendations that are expected to chip into practitioners' bottom lines. The ADA recommends all non-urgent dental treatments be deferred for patients over the age of 70, or ...

Read More...
Bread and pizza bring in more dough for Retail Food Group

Bread and pizza bring in more dough for Retail Food Group

The Covid-19 pandemic has led to mixed results across Retail Food Group's (ASX: RFG) different businesses, with positive signs over the past fortnight for Crust and Pizza Capers stores, bakery franchise Brumby's, and Di Bella Coffee's e-commerce and grocery divisions. On the flipside, limitations on restaurants and café...

Read More...
ACCC authorises supermarket coordination measures to ensure supply

ACCC authorises supermarket coordination measures to ensure supply

With panic buyers and hoarders clearing our supermarket shelves, the competition watchdog has authorised supermarkets to coordinate on ensuring consistent and reliable supply. The Australian Competition and Consumer Commission's (ACCC) interim authorisation will allow supermarkets to coordinate with each other when working with manufa...

Read More...
The case for Endgame C: stop almost everything, restart when coronavirus is gone

The case for Endgame C: stop almost everything, restart when coronavirus is gone

  Nobody likes talking about the COVID-19 endgame, but we need to choose one. The appropriate interventions - public health, government spending, and freedom of movement - all depend on the endgame we choose. The differences between endgames amount to tens of thousands of avoidable deaths, hundreds of thousands of avoidable hospi...

Read More...
Seven West Media withdraws guidance as sports revenue dissipates

Seven West Media withdraws guidance as sports revenue dissipates

The suspension of the AFL season and the potential postponement of the 2020 Tokyo Olympic Games is expected to cut into Seven West Media's (ASX: SWM) revenue for FY20. As such, the company has withdrawn earnings guidance for the financial year. "Such postponements are likely to result in rights payments by SWM being pushed back to ...

Read More...
Michael Hill to shut down entire store network

Michael Hill to shut down entire store network

Jewellery retailer Michael Hill (ASX: MHJ) will close all stores in Australia and New Zealand indefinitely as consumer sentiment nosedives. In a statement to the ASX Michael Hill says the current conduct of its business is not in line with social distancing guidelines, and immediately shutting down its physical store network is in the bes...

Read More...
A leader's guide to surviving coronavirus

A leader's guide to surviving coronavirus

As the coronavirus crisis sweeps the globe, I've had many people asking me: "Who would want to be a corporate leader at the moment?". The business world has never seen anything like this. No industry is immune to the uncertainty that has engulfed us. Every CEO and executive team is under extreme pressure. Who in their right ...

Read More...
Queensland to impose border restrictions

Queensland to impose border restrictions

Queensland will follow the lead of South Australia, Western Australia, Tasmania and the Northern Territory by imposing border restrictions. As announced by Premier Annastacia Palaszczuk on Twitter the Queensland Government will force anyone entering the State to quarantine themselves for 14 days after arrival. These new measures ...

Read More...
Regulators ASIC and APRA make Covid-19 the top priority

Regulators ASIC and APRA make Covid-19 the top priority

Australian regulators will put aside consultations on non-essential matters as priorities are recalibrated to tackle the challenges posed by the coronavirus. The Australian Securities and Investments Commission (ASIC) will be predominantly focused on the issue until at least 30 September, although it will also afford priority to matters w...

Read More...
Stockland and Link join guidance withdrawal bandwagon

Stockland and Link join guidance withdrawal bandwagon

More companies have joined the growing list of guidance withdrawals today, including Stockland (ASX: SGP), Link Administration (ASX: LNK), JB Hi-Fi (ASX: JBH), nib Group (ASX: NHF), Abacus Property Group (ASX: ABP), Viva Leisure (ASX: VVA), Arena REIT (ASX: ARF), Coventry Group (ASX: CYG) and MMA Offshore (ASX: MRM). This adds to a raft o...

Read More...
Victoria rolls out the coronavirus enforcement squad

Victoria rolls out the coronavirus enforcement squad

A squad of 500 police officers will enforce social distancing rules and conduct spot checks on those in self-quarantine in a bid to contain the spread of Covid-19. Coordinated by the Police Operations Centre, the officers will be taking action against anyone caught breaking the rules. It comes as part of a gradual shutdown of non-esse...

Read More...
Germany enforces drastic social distancing measures

Germany enforces drastic social distancing measures

Strict social distancing measures have come into force in Germany overnight just as Chancellor of Germany Angela Merkel goes into self-quarantine. As reported by Deutsche Welle Germany's new social distancing measures include: Public gatherings of more than two people will be banned. There will be exceptions for families and t...

Read More...
Sydney Airport withdraws capital expenditure plan

Sydney Airport withdraws capital expenditure plan

With no non-citizens or non-residents allowed into the country, coupled with heightened restrictions on domestic travel, Australia's largest airport is scaling back. Sydney Airport (ASX: SYD) announced today it no longer expected to implement its previous capital expenditure forecast of $350-450 million in 2020. The airport's ...

Read More...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 1487
Mudgeeraba QLD 4213

LoginTell a FriendSign Up to Newsletter