Page 5 - James Height News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sharemarket’s pandemic boom reversal gathers pace Updated Save Share Evidence is piling up that investors have underestimated the severity of the pandemic boom’s reversal as lockdown beneficiaries miss lofty expectations and share prices tumble, while the re-opening trade winners defy expectations. Netflix tumbled 7.5 per cent on Wednesday on weak subscriber additions as people spent less time at home, while Uber said last week that ride bookings in March hit record levels. Its shares are up 60 per cent since November, when Moderna became the first vaccine developer to report clini...

Adore Beauty revenue of $96.2m was 8 per cent ahead of prospectus forecasts. Business by Eli Greenblat Premium Content Subscriber only A growing legion of consumers see a beauty regime as self care, boosting sales of skincare products, manicure kits and hair dyes through the Covid-19 pandemic last year and accelerating into 2021, helping Adore Beauty smash its prospectus forecasts. In the December half, scented candles proved a huge hit through months of lockdown, too. Adore Beauty in October raised $269.5m for its sharemarket float and on Tuesday, pos...