Welcome to the Fearing Greed Business News. The afternoon report for Friday, the twenty first of March twenty twenty five. I'm sure n alma every afternoon. I've got the five stories that happened today that you need to know about. Story number one. This and PASX two hundred closed up zero point two percent today to seven nine hundred and thirty two points. For the week, it rose two percent. Nothing to write harm about, but the first time it's had a positive week in a month. The supermarkets with the our performers more on that, surely. Otherwise, industrials did best and text talks were among the laggards. The banks were mostly higher, so to the big miners. On the other side of the coin Promticus lost five percent, while Weisstech and Aria were also sold off. Story number two. Woolworth's and Cohle's share prices surged today more than five percent in both cases after Australian Competition and Consumer Commission report found the two supermarkets giants are among the most profitable in the world, but there is no clear evidence that they price gouge and their dominance is unlikely to end. The Competition watchdog report says that margins have risen since the pandemic, and while the cost of groceries has increased significantly relative to the increase in wages, it has been lower than in many comparable countries. It follows a year long investigation by the ah Triable C. The watchdog recommends the government force the supermarket giants to publish their prices online and provide supplies with detailed information about price and sales forecasts, and modifies zoning and planning laws so similar rivals can expand more quickly. The report is critical of the promotional practices at Willis and Coals, which its investigation found has made it more difficult for consumers to assess pricing, discounts and value for money. In response, Coal said the A triblec is overstating as profit margins and warns that more regulation could result in higher prices. Storry number three nine Entertainment confirmed it's in discussions with co Star, the group that's made a bit for Domain about the sale of the online property platform. Now nine is the major shareholder in Domain, owning sixty percent. Its support is needed for the co Star deal to go ahead. Costar has now massed a seventeen percent share of domain. The fin reviews reporting that nine wants a price of four dollars sixty four a share. Coastar has offered four dollars twenty four dollars sixty four or four dollars sixty five. Represents a forty nine percent premium to what Domain was trading at before the bid, and there's no indication that they'll get that yet. However, talks are ongoing. Demain finished trading today around four dollars forty a share. Story Number four billionaire Solomon Lu's Premiere Investments has posted a one third slide and half year net profit, flat sales and scrapped It's Stupid End, but now free of its apparel brands, which it's sold off to Mayer, it's aiming for an international push for its remaining retail chains. Peter Alexander is one of those. It posted record sales and nearly three hundred million dollars for the half, up six point six percent, while Smiggle sales were one hundred and fifty seven million dollars, down about fourteen percent. The conglomerate's focus is now on leveraging these two high margin iconic brands to ramp up growth in existing markets and stretch out to new regions from Britain to the Middle Eastern Asia. For the last six months, cost of living pressures impacted Premiers brands. However, the future is what investors were interested in. Premier share price finished up four percent today and story number five. President Donald Trump this morning signed an executive order to dismantle the US Education Department while seated at a child's desk, setting the stage for a huge political and legal battle over the federal government's role in the nation's schools. Surrounded by school children also seated at desks in the White House, Trump said he would begin closing the department once and for all after his administration cited poor test scores as a key justification for the move. According to Rutter's shattering the agency completely requires an Act of Congress, and Trump actually lacks the votes for that. The executive order is designed to leave school policy almost entirely in the hands of states and local boards, a prospect that alarms liberal education advocates. That's it for the Afternoon Report for Friday, the twenty first of March twenty twenty five. Make sure you follow on the podcast. We will be back tomorrow morning with the weekend edition of Fear and Greed business News. I'm sure I Alma enjoy reavening

Welcome to the Fearing Greed Business News. The afternoon report for Friday, the twenty first of March twenty twenty five. I'm sure n alma every afternoon. I've got the five stories that happened today that you need to know about. Story number one. This and PASX two hundred closed up zero point two percent today to seven nine hundred and thirty two points. For the week, it rose two percent. Nothing to write harm about, but the first time it's had a positive week in a month. The supermarkets with the our performers more on that, surely. Otherwise, industrials did best and text talks were among the laggards. The banks were mostly higher, so to the big miners. On the other side of the coin Promticus lost five percent, while Weisstech and Aria were also sold off. Story number two. Woolworth's and Cohle's share prices surged today more than five percent in both cases after Australian Competition and Consumer Commission report found the two supermarkets giants are among the most profitable in the world, but there is no clear evidence that they price gouge and their dominance is unlikely to end. The Competition watchdog report says that margins have risen since the pandemic, and while the cost of groceries has increased significantly relative to the increase in wages, it has been lower than in many comparable countries. It follows a year long investigation by the ah Triable C. The watchdog recommends the government force the supermarket giants to publish their prices online and provide supplies with detailed information about price and sales forecasts, and modifies zoning and planning laws so similar rivals can expand more quickly. The report is critical of the promotional practices at Willis and Coals, which its investigation found has made it more difficult for consumers to assess pricing, discounts and value for money. In response, Coal said the A triblec is overstating as profit margins and warns that more regulation could result in higher prices. Storry number three nine Entertainment confirmed it's in discussions with co Star, the group that's made a bit for Domain about the sale of the online property platform. Now nine is the major shareholder in Domain, owning sixty percent. Its support is needed for the co Star deal to go ahead. Costar has now massed a seventeen percent share of domain. The fin reviews reporting that nine wants a price of four dollars sixty four a share. Coastar has offered four dollars twenty four dollars sixty four or four dollars sixty five. Represents a forty nine percent premium to what Domain was trading at before the bid, and there's no indication that they'll get that yet. However, talks are ongoing. Demain finished trading today around four dollars forty a share. Story Number four billionaire Solomon Lu's Premiere Investments has posted a one third slide and half year net profit, flat sales and scrapped It's Stupid End, but now free of its apparel brands, which it's sold off to Mayer, it's aiming for an international push for its remaining retail chains. Peter Alexander is one of those. It posted record sales and nearly three hundred million dollars for the half, up six point six percent, while Smiggle sales were one hundred and fifty seven million dollars, down about fourteen percent. The conglomerate's focus is now on leveraging these two high margin iconic brands to ramp up growth in existing markets and stretch out to new regions from Britain to the Middle Eastern Asia. For the last six months, cost of living pressures impacted Premiers brands. However, the future is what investors were interested in. Premier share price finished up four percent today and story number five. President Donald Trump this morning signed an executive order to dismantle the US Education Department while seated at a child's desk, setting the stage for a huge political and legal battle over the federal government's role in the nation's schools. Surrounded by school children also seated at desks in the White House, Trump said he would begin closing the department once and for all after his administration cited poor test scores as a key justification for the move. According to Rutter's shattering the agency completely requires an Act of Congress, and Trump actually lacks the votes for that. The executive order is designed to leave school policy almost entirely in the hands of states and local boards, a prospect that alarms liberal education advocates. That's it for the Afternoon Report for Friday, the twenty first of March twenty twenty five. Make sure you follow on the podcast. We will be back tomorrow morning with the weekend edition of Fear and Greed business News. I'm sure I Alma enjoy reavening