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The Market Wrap with Scott Phillips – CIO, The Motley Fool

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As reporting season edges towards its end, we dive into the results of Qantas as it continues to push for a turnaround to the business.

    • ASX200: down 0.33%, 8,045
    • AUD: 68.04 US cents
    • GOLD: $2,548 US/oz
    • BITCOIN: $87,424 AUD
  • Cettire’s woes continued. Annual profit dropped by 34%, adding to the turbulent year for the fashion brand, with shares down over 20% in trading today.
  • Mineral Resources won’t pay a dividend after being affected by softer lithium prices, with shares down 8.1%.
  • There were also losses for BHP, Woodside and Woolworths.
  • Qantas shares lifted in late trading, up 0.8% on the day after its full year profit fell by 28% to $1.25 billion.
  • Bega lifted revenue and profit helping the company’s price up by 9.4% to $4.66.
  • Record revenue for IDP Education saw its shares lift by 3.1%.
  • While there were gains of more than 1% for Computershare, Ramsay Health Care, and Charter Hall.
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