Business
ASX posts modest gains; oil stocks out-perform – The Sydney Morning Herald
The S&P/ASX200 is up 0.1 per cent but sitting just below 6200 in early afternoon trading. Energy stocks lead while healthcare and consumer staples drag.
Brian Lowe, chief executive of ASX-listed packaging business Orora, has told the companys shareholders that the first quarter earnings of its Australian beverages business is in line with the same period of last year, despite the coronavirus pandemic that has hit the country.
Mr Lowe, speaking at the companys virtual annual shareholder meeting, said Ororas Australian beverages business was a market leader in all segments it operated in, and like Ororas other divisions had continued operations d…
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