Business
ASX sinks to 6100 as banks, Telstra, CSL slide – The Sydney Morning Herald
The ASX 200 is lower hit as bank and health stocks dive. With earnings season in full swing, AMP, QBE and Treasury Wines are higher but Telstra and AGL dropped.
This has severely impacted us and our people and some very tough decisions have been made over the past four or five months. Despite ongoing restrictions, revenue has now started to increase, particularly in Europe, and we have surpassed our initial cash flow target, thereby extending our liquidity runway.
Cash burn was reduced to $53 million in July, below its target of $65 million, the company said.
Flight Centre launched a $700 million capital raising and took on $200 million in fresh debt …
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