Business
ASX up 0.7%; materials out-perform as steel prices jump – The Sydney Morning Herald
The S&P/ASX 200 is over 6800 points this afternoon, driven higher by a surging materials sector and a strong financial sector. Information technology is lower.
Aussie neo bank and small business lender Judo said it has yet to record a single bad debt as its loan book hits the $3 billion mark, but that is expected to change over the coming months as the economy is weaned off JobKeeper and rent assistance come to an end.
The next three to four months will be critical, said Judo co-chief executive Joseph Healy.
Particularly with the Victorian economy, there is still quite a bit of distress out there.
For the June 30 financial year Judo reported a net loss…
-
General23 hours agoAs Iran-Australia relations plunge to a new low, Tehran faces another diplomatic setback
-
Noosa News21 hours agoQueensland government and nurses and midwives reach in-principle pay deal after months of negotiation
-
Noosa News10 hours agoPill checking to resume in Queensland months after government axed funding
-
Noosa News20 hours agoBrisbane nation’s third-youngest capital; Leaders condemn anti-immigration rally