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By Alex Druce Australian retail turnover fell 1.8 per cent in June as coronavirus lockdowns came back into place across major cities Retail spending fell by $575.1 million for the month according to seasonally adjusted figures released this morning by the Australian Bureau of Statistics, with the $30.58 billion monthly spend the lowest since February. Victoria’s spending was down 3.5 per cent and leading the state falls. Victoria’s lockdowns were gradually eased from June 11, having been put in place in May. Lockdowns sapped June retail spending by more than $500 million Credit:SMH New So...

The  Service Stream Limited (ASX: SSM) share price isn’t going anywhere today. This comes after the essential network services provider entered into a trading halt early this morning on the ASX. Looking at yesterday’s market close, Service Stream shares last traded at 96 cents. Why did Service Stream put a halt on its shares? In today’s statement, Service Stream advised it is launching a capital raise to acquire 100% of Lendlease Services Pty Ltd. A subsidiary of parent company,  Lendlease Group (ASX: LLC), the Services business is a leading provider of essential network services ...