Michael Hill Q3 sales dive as virus bites

Michael Hill Q3 sales dive as virus bites

Jewellery group Michael Hill has suffered an 11.9 per cent dive in third quarter revenue across its global network after it closed shopfronts due to the coronavirus pandemic. The group of Friday said its 300-odd stores across Australia, Canada and New Zealand recorded...
Michael Hill Q3 sales dive as virus bites

Copper gains, but recession fears linger

Copper prices firmed overnight as data from China pointed to signs of gradual recovery from the novel coronavirus, but gains were capped by concerns about global growth and falling metals demand. New home prices in top metals consumer China grew at their slowest...
Michael Hill Q3 sales dive as virus bites

Gold eases amid hope for lockdown easing

Gold fell after climbing 1.3 per cent overnight, as safe-haven demand weakened after US jobless claims rose less than a week ago and hopes grew for an easing of coronavirus-led curbs. Spot gold eased 0.2 per cent at $US1,711.29 per ounce by 1830 GMT. US gold futures...
Michael Hill Q3 sales dive as virus bites

OPEC cuts demand forecast; prices mixed

Oil prices were mixed overnight, as Brent crude rose modestly while US futures ended unchanged at an 18-year-low after some European countries said they would relax coronavirus restrictions even though OPEC lowered its global oil demand forecast. Brent futures gained...
Michael Hill Q3 sales dive as virus bites

Wall St slips on grim earnings, virus fear

The S&P 500 and Dow Jones have slipped, giving up early gains as concerns about dismal first-quarter earnings and lasting economic damage from the coronavirus pandemic offset better-than-expected weekly jobless claims numbers. A 4.7 per cent fall for Boeing drove...