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Daily Archives: August 12, 2020

QBE pays investors a surprise dividend despite $994m loss

The first-half dividend has been slashed by 84 per cent to 4¢ a share, but many analysts had not expected a distribution at all, given the company made a loss and regulators have urged insurers to limit payouts. Chief executive Pat Regan said he was encouraged by “strong underlying trends” …

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Dwayne ‘The Rock’ Johnson tops Forbes highest-paid male actors list

Wrestler-turned-movie star Dwayne Johnson clung to the top slot on the list of the world’s highest-paid male actors for a second straight year, according to an annual tally released by Forbes magazine on Tuesday. Johnson, also known by his ring name “The Rock” earned $US 87.5 million from June 1, …

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Breville ready for ‘new normal’ as sales jump

“In FY2020 we faced a cluster of headwinds in the form of Brexit uncertainty, exchange rates, US tariffs and COVID-19 and equally we had our share of good fortune in terms of our inventory levels and the relevance of our products to the ‘new normal’,” chief executive Jim Clayton said. …

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Goldman Sachs CEO the poster boy for a ‘softer’ Wall Street

Then, as Solomon was still getting situated, the pandemic hit, presenting him with the biggest leadership challenge — and opportunity — of his short time atop the bank. The crisis has shown Solomon to be a deft navigator who quickly adapted to changes that caught some of his bank’s bigger …

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Atalanta’s Gasperini left with ‘great regret’ after exit to PSG

A beautiful curling shot from Mario Pasalic in the 27th minute had put Atalanta ahead and they held out until the 90th when Brazilian defender Marquinhos equalised and substitute Eric Choupo-Moting added the decisive blow in stoppage time. “There was not long to go and it seemed we had done …

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Telstra sees profit slide by 14 per cent, maintains dividend

“It says a lot about the strength of our business and strategy that through all this we were able to meet guidance, maintain the dividend and provide guidance for the year ahead,” Mr Penn said. Loading Mobile revenue fell $461 million, or 4 per cent, for the full financial year …

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Dragons coach Paul McGregor parts ways with club

“He called a Zoom meeting with the board last night and told them of his decision,” Riolo told the Herald. Regardless of how it’s happened, McGregor’s sudden departure brings to an end to seven tumultuous seasons after the Dragons finished second last in 2019 and are now officially out of …

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Woodside sinks to $5.7b loss as virus hammers energy sector

Mr Coleman said the company and its people had demonstrated resilience in the face of the market crisis, posting record-breaking half-year production. Woodside declared an interim dividend for the half of US26¢ a share. Loading Australia’s producers of liquefied natural gas, the nation’s second-largest commodity export, have been pummelled by …

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Treasury Wine Estates’ profits slump 25 per cent amid COVID lockdowns

Penfolds maker Treasury Wine Estates has seen its profits slump by a quarter as the coronavirus pandemic prompted restaurant and hotel closures around the world and the company faced a wine glut in the US, one of its key markets. Net income fell 25 per cent to $315.8 million in …

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ASX to follow Wall St higher; Telstra, AMP, QBE report

Australia’s largest power generator, AGL, has revealed a sharp decline in underlying earnings as the effects of COVID-19 pummel wholesale energy prices and reduce gas demand. AGL on Thursday posted underlying net profit of $816 million for the financial year, down 22 per cent on 2019, citing reasons a prolonged …

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