Caterers suffered during the worst of Covid-19, but now its the rising costs of business that are making margins within the industry even smaller.

Caterers suffered during the worst of Covid-19, but now its the rising costs of business that are making margins within the industry even smaller.

Join Deborah Knight for Money News, the most respected business program on radio.


If you crave the latest insights into super & small business, interest rates & investment, and economics & e-commerce, then the team at Money News has everything you need to know.


Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing moneynews@2gb.com

Join Deborah Knight for Money News, the most respected business program on radio.
 If you crave the latest insights into super &amp; small business, interest rates &amp; investment, and economics &amp; e-commerce, then the team at Money News has everything you need to know.
 Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing <a href="mailto:moneynews@2gb.com">moneynews@2gb.com</a>

Money News

Money News - Highlights

Chris Edwards, Australian Catering Services CEO

Fertility decline leading to serious conversation on population; Coles boss calls cost of living debate "politicised"; airfares get more expensive; consumer & business confidence looking up; households spend on tickets; ASIC sues Cbus Super; young workers missing out on retirement; Singles Day grows as a sales event; and Henry Jennings joins us for the Market Wrap.



Host: Deb Knight

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

Fertility decline leading to serious conversation on population; Coles boss calls cost of living debate "politicised"; airfares get more expensive; consumer &amp; business confidence looking up; households spend on tickets; ASIC sues Cbus Super; young workers missing out on retirement; Singles Day grows as a sales event; and Henry Jennings joins us for the Market Wrap.
 
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio

Money News with Deb Knight - 12th November

Businesses are doing their best, but is red tape getting in the way of them being more successful in their outcomes?

Businesses are doing their best, but is red tape getting in the way of them being more successful in their outcomes?

Krissie Jones, NAB Executive, Business Direct and Small Business

Paladin Energy dropped after it overshot forecasts on its uranium. How will the company rebound?

MARKET WRAP:


ASX200: down 0.13% to 8,255


GOLD: $2,610 US/oz


BITCOIN: $136,106 AUD


Materials stocks were another 1.4% lower today, while the Tech sector gained more than 1%.


The owner of Afterpay – Block – led the way, up 10.7% to $126.40 following a good night of trade for the company’s Wall Street listing.


Tech gains were led by Wistech Global and Technology One, both up 1.8%.


Up by more than 1% were Wesfarmers, ANZ, and Reece.


Paladin Energy down almost 29% to $6.88 after it slashed its targets for production, calling previous forecasts “a bit ambitious”.


Health insurer NIB said it was on track to post an operating loss for the first half, lowering its guidance and seeing shares drop 0.7% to $5.96.


Another day of pain for both the gold & iron ore miners saw BHP down 1.8%, South 32 falling 2.4% and Northern Star off 2.7%.

CURRENCY UPDATE:


AUD/USD: 65.51 US cents


AUD/GBP: 51.1 pence


AUD/EUR: 61 Euro cents


AUD/JPY: 100 Japanese yen


AUD/NZD: 1.10 NZ dollars

Paladin Energy dropped after it overshot forecasts on its uranium. How will the company rebound?
MARKET WRAP:
<ul>
<li dir="ltr" aria-level="1">
ASX200: down 0.13% to 8,255
</li>
<li dir="ltr" aria-level="1">
GOLD: $2,610 US/oz
</li>
<li dir="ltr" aria-level="1">
BITCOIN: $136,106 AUD
</li>
<li dir="ltr" aria-level="1">
Materials stocks were another 1.4% lower today, while the Tech sector gained more than 1%.
</li>
<li dir="ltr" aria-level="1">
The owner of Afterpay – Block – led the way, up 10.7% to $126.40 following a good night of trade for the company’s Wall Street listing.
</li>
<li dir="ltr" aria-level="1">
Tech gains were led by Wistech Global and Technology One, both up 1.8%.
</li>
<li dir="ltr" aria-level="1">
Up by more than 1% were Wesfarmers, ANZ, and Reece.
</li>
<li dir="ltr" aria-level="1">
Paladin Energy down almost 29% to $6.88 after it slashed its targets for production, calling previous forecasts “a bit ambitious”.
</li>
<li dir="ltr" aria-level="1">
Health insurer NIB said it was on track to post an operating loss for the first half, lowering its guidance and seeing shares drop 0.7% to $5.96.
</li>
<li dir="ltr" aria-level="1">
Another day of pain for both the gold &amp; iron ore miners saw BHP down 1.8%, South 32 falling 2.4% and Northern Star off 2.7%.
</li>
</ul>
CURRENCY UPDATE:
<ul>
<li dir="ltr" aria-level="1">
AUD/USD: 65.51 US cents
</li>
<li dir="ltr" aria-level="1">
AUD/GBP: 51.1 pence
</li>
<li dir="ltr" aria-level="1">
AUD/EUR: 61 Euro cents
</li>
<li dir="ltr" aria-level="1">
AUD/JPY: 100 Japanese yen
</li>
<li dir="ltr" aria-level="1">
AUD/NZD: 1.10 NZ dollars
</li>
</ul>

Chris Edwards, Australian Catering Services CEO

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