Target, Kmart slump offsets Bunnings surge

Target, Kmart slump offsets Bunnings surge

Wesfarmers says a strong performance by its Bunnings and Officeworks stores during virus-enforced lockdowns has been offset by slowing momentum at Kmart and the already underperforming Target business. The conglomerate on Tuesday said its home hardware giant Bunnings...
Target, Kmart slump offsets Bunnings surge

Beach Energy to defend Diamond lawsuit

Bankrupt Diamond Offshore Drilling has sued Australian oil and gas producer Beach Energy for abruptly terminating a $US65 million ($A101 million) drilling contract. Beach Energy ended the agreement, claiming Diamond Offshore missed a “contractual milestone to...
Target, Kmart slump offsets Bunnings surge

Gold slips on hopes of easing lockdowns

Gold fell on Monday as US Treasury yields rose and plans by many countries to ease coronavirus-induced lockdowns whetted investor appetite for riskier assets, but unprecedented stimulus measures from governments provided underlying support. Spot gold fell 1.0 per cent...
Target, Kmart slump offsets Bunnings surge

Copper hits six-week high on demand hopes

Copper bounced to its highest in about six weeks as investors hoped that easing of lockdowns and factory restarts would revive metals demand hit by the coronavirus pandemic. Industrial metals prices rose along with stock markets, which also took heart from further...
Target, Kmart slump offsets Bunnings surge

Oil plunges on lack of storage options

Brent crude fell below $US20 a barrel and US crude plunged 25 per cent, driven lower by skittish investors fleeing the US benchmark due to lack of available storage to deal with a coronavirus-induced collapse in demand. Even as governments worldwide are taking...