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Australian shares rise as the Democrats' nominee for Treasury Secretary, Janet Yellen, calls for the US Government to "act big" and pump a lot more cash into the economy.
Victoria's coronavirus workplace caps lift, mask rules relaxed as employees return to offices SunSunday 17 updated MonMonday 18 Jasmin Ashton will continue to work from home a few days a week. ( Share Print text only Cancel After eight months of working from home, today Jasmin Ashton is going to get a coffee from a cafe on the way in to the office. Key points: Up to 50 per cent of private sector employees and 25 per cent of public servants can return to offices today Temperature testing, staggered start times and alternating work days will be a feature of some offices Victoria has recorded it...
A-REITs primed for growth in 2021 Analysts are unanimous in tipping real estate investment trusts to perform strongly in 2021, but have differing opinions on which stocks to add to your portfolio. Share After a rollercoaster year, analysts are tipping Australian real estate investment trusts (A-REITS) to perform strongly in 2021 – especially those that are trading at attractive discounts but which own quality income-earning assets. The benchmark S&P/ASX 200 A-REIT Index ended 2020 down 8 per cent (or 4.6 per on a total returns basis), underperforming the broader equities market but mostly r...
Why the Vicinity Centres (ASX:VCX) share price is down 38% in 1 year Ken Hall | January 12, 2021 11:25am | More on: There’s no denying 2020 was a tough year for the Vicinity Centres (ASX: VCX) share price. Shares in the Aussie real estate investment trust (REIT) have slumped 38% in the last 12 months to $1.55 per stapled security. So, what’s driving the REIT’s shares lower? Why has the Vicinity Centres share price slumped lower? The coronavirus pandemic had a big impact on retail real estate valuations in 2020. Tightening restrictions across the country reduced foot traffic and in-s...
Vicinity Centres(ASX: VCX) shares tumbled lower last week. The GUD share price was out of form last week and dropped 4.2% lower over the shortened week. On Friday the automotive and water products company completed the acquisition of the ACAD business from AMA Group Ltd(ASX: AMA) for $70 million. This excludes the ACM Auto Parts and Fluiddrive businesses. Given that its shares have underperformed since announcing the deal, investors may not be overly convinced with the purchase. The QBE share price wasn’t far behind with a 3.7% decline. The insurance giant’s shares have come under pressu...