The Market Wrap with Scott Phillips – CIO, The Motley Fool

Money News

As reporting season edges towards its end, we dive into the results of Qantas as it continues to push for a turnaround to the business.

• ASX200: down 0.33%, 8,045
• AUD: 68.04 US cents
• GOLD: $2,548 US/oz
• BITCOIN: $87,424 AUD

• Cettire’s woes continued. Annual profit dropped by 34%, adding to the turbulent year for the fashion brand, with shares down over 20% in trading today.
• Mineral Resources won’t pay a dividend after being affected by softer lithium prices, with shares down 8.1%.
• There were also losses for BHP, Woodside and Woolworths.
• Qantas shares lifted in late trading, up 0.8% on the day after its full year profit fell by 28% to $1.25 billion.
• Bega lifted revenue and profit helping the company’s price up by 9.4% to $4.66.
• Record revenue for IDP Education saw its shares lift by 3.1%.
• While there were gains of more than 1% for Computershare, Ramsay Health Care, and Charter Hall.

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