AMP is now facing the Royal Commission into the banking industry, along with the Big Four banks. The finance advice and management giant is being investigated for unsuitable financial advice, improper conduct and inappropriate fees.
Blue Sky Limited [ASX:BLA] shares have dropped by nearly 20% today. Currently trading at US $8.47, down from $10.40 on 28 March. The investment fund’s share price plunged by 9% before it went into a trading halt on Wednesday, 28 March — from $11.43 to $10.40.
The Reject Shop has brought customers back into their stores by increasing the availability of everyday items such as laundry powder and tissues. They have reported back a $17.7 million first half profit, which is an increase from their prior $16 million profit outcome.
These issues impacted Orica’s productivity rate and earnings. Increased competition are forcing higher input prices in the cyanide market, as a result margins are being driven down.
Westpac’s Chief Financial Officer Peter King thinks Australian banks are not highly profitable.He believes that even though banks are earning huge dollar amounts, this does not mean they are turning over a high profit.
This morning Bubs Australia Ltd [ASX:BUB] rose 11.45% maintaining their consistent rise in stock value.
Despite their consistent rise in share value last year, Zelda Therapeutics [ASX:ZLD] have sunk by 10% for the day, at the time of writing.
Throughout the week HT&E [ASX:HT1] shares increased, rising by 13.14%.
Today, Yowie Group Limited [ASX:YOW] continues to fall in share value, dropping by 20.69% with the share price falling to 11.5 cents.
Fletcher Building Ltd [ASX:FBU] dropped 8.95% today, and is currently trading at $6.51.