Category Archives: Business

Australian stock market news

The Latest In Australian Stock Market News

There is quite a bit of volatility being observed in the Australian markets during the last week, or so and right now, the situation still seems to be the same. Even on Friday morning, the Australian stock market news was all about the dip that the markets had seen during the start of the trading day. However, the situation quickly changed as the pace increased and the shares saw a rise in the coming hours.

The expectation is to see another record-breaking performance being discussed by the end of the day. Thursday saw the market reach 7,368.4 points at closing time and the benchmark ASX 200 saw a value of 7,391 points which was to be discussed as another incredibly positive pace in the Australian stock market news. The value of All Ordinaries which is a much broader index, also saw a similar value at 7,668.

Mining stocks

Perhaps the best Australian stock market news was about the miners with several positive ratings for key names. Evolution Mining, a gold mining company, saw an increase of 6.9%, Nickel Mines saw an increase of 5.1%, and Iluka Resources also enjoyed an increase of 3.5%. Perhaps the biggest negative Australian stock market news was about the gold mining company Silver Lake Resources which saw a drop in value of 10.5%. Northern Resources also faced a similar but milder drop at 5.9%.

However, the biggest Australian stock market news to hit the audience and the market itself has to be Star dropping its merger offer with Crown which led to a drop in Crown’s value by 3%. The deal was set at a value of $12 billion and the reason given by Star for pulling its offer was doubts about Crown being able to hold its casino license for its Melbourne venue. Star also released a statement saying, “Issues raised at Victoria’s Royal Commission into Crown Melbourne have the potential to materially impact the value of Crown, including whether it retains the license to operate its Melbourne casino or the conditions under which its license is retained.”

COVID hit markets

A key issue that is being discussed practically everywhere right now is the government’s plan to disseminate $90 billion into the economy as a support mechanism for Covid-hit markets and industries. A major component of this program was the job keeper windfall which was to support companies that could prove that they would see a drop in their revenue due to Covid. The value of this windfall was set at $12.5 billion and many on the opposition are calling it “the biggest waste of public money in living memory.” The parliamentary budget office performed an analysis on the dissemination of the windfall funds and found that $4.6 billion flowed to companies that saw an increase in their turnover!

This is the complete opposite of the requirement set by the government and yet companies continued to receive the funds despite improving revenues. Some of the names highlighted are the Hale boys’ school located in Perth and retailing company Harvey Norman as well. The term “dividendkeeper” became quite popular in the Australian stock market news as fears quickly arose that the money being received from the windfall was being used by companies to pay bigger dividends to their shareholders.

Currently, the Australian stock market news also saw a fresh call for the dissemination of more funds as new restrictions in South Australia, Victoria, and NSW have led to 14.5 million people going into lockdown. The construction industry in Sydney has also come to a grinding halt. Consumer spending has also fallen since June and July may see even worse figures and experts fear it could affect the economy negatively, to the point that it becomes the most discussed Australian stock market news in recent times.

laser cutter for sale

Advantages Of Laser Cutting

Laser cutting is a rising field where more and more people are using a professional laser cutting service or purchasing a good laser cutter for sale. No matter how you get your laser cutting done, there is a stack of advantages of this type of cutting, which is why it is becoming increasingly popular.

If you need something difficult to cut properly for your business even in your personal life, then laser cutting is certainly the way to go. While you may not have heard of this method of cutting before, after reading more about the advantages of laser cutting, you’ll see why so many other people are using it.

So, have a read on below to see all the major advantages of laser cutting, may it be through a professional service of you’ve found your own laser cutter for sale:

Versatility

Probably the best things about laser cutting, is that it can essentially cut through anything. So no matter what you need cut or how you need it to be cut, a laser cutter can help you get the desired effect. The type of materials that a laser cutter is suitable for include wood, paper, metal, acrylic and many more.

It’s so versatile because you just need one machine and it can be programmed to cut through a wide variety of materials. If you are looking to cut through tougher materials, like metal, you will have to ensure you have a more powerful laser cutter machine.

Precision

If you want a quality job, then you simply cannot look past the work of a laser cutter. The accuracy you get through a laser cutter is unmatched in a lot of other major cutting options available to you. If you are a business selling products to other businesses or end consumers, quality should be very high on your priority, and this is something that laser cutting has the ability to offer.

The accuracy with laser cutting is usually around 0.1mm, which is simply incredible, so much so that you rarely need to use any treatments after the cutting process to ensure quality and precision is maintained with the items you have cut. 

Flexibility

Something that a lot of people love about laser cutting is the flexibility. The flexibility also ensures this cutting process is actually a lot more cost effective. This is because you do not need a whole stack of different tools to get the job done properly.

Without a laser cutter, most of the time things will need to be cut using separate tools. So, if you do have your own laser cutter, then you don’t actually need to worry about this, and having all this different tools, just to get the same outcome.

As was said above, a laser cutter can cut through a lot of different materials so this has the potential to eliminate the needs for a whole bunch of different tools. No matter how intricate you need the cut to be, a laser cutter has the ability to handle it with great ease.

Speed

If you also want the job done faster (all without compromising on accuracy), then you really need to consider laser cutting. This is amplified when it comes to more intricate projects. Other cutting methods really cannot compare when it comes to speed.

If you also need something more difficult cut, like a thicker material, you will be surprised just how quickly a laser cutter can complete the project. There are so many advantages to laser cutting, if you are considering this method of cutting, then you certainly need to look into it further.

logistics trucks

Key Criteria for Selecting 3PL Warehouse Experts in 2020

3PL warehouse experts have to bring a great deal to the table in order for commercial enterprises to invest in their business.

In order to get a grasp of the supply chain, the intervention of outside assistance can be the best method for warehouses that are falling behind and struggling to develop solutions in-house.

Yet owners and managers won’t accept the help of any old third party logistics brand, so it is necessary to examine their quality in greater depth before bringing them into the fold.


1) The Right Resources

One of the key selling points that define the work of 3PL warehouse experts is the use of cutting edge technology on site. While many participants across industry can be stuck with outdated manual systems, these professionals leverage first-class built-in maintenance systems that fast track actions. Individuals will be able to stay on top of their performance and enjoy a level of clarity with their duties.


2) Intellectual Property

It is beneficial to utilise the tools that 3PL warehouse experts bring to the table, but their physical presence alone should be eye-opening. It is the intellectual property that they pass onto team members and employees where the real long-term gains are made. If they are happy and willing to be partners on the ground and educate staff, that will be a major positive for their involvement.


3) Streamlining Operations

man organizing boxes to be delivered

Commercial clients who are assessing the credentials of 3PL warehouse experts will want to see evidence of their streamlining processes. The aim of the game in these environments is productivity so if there are strategies to cut out the middleman and deliver a better product with fewer resources, then that has to be a system that is implemented. Each activity at every phase has to be accounted for and this will be one of their central objectives.


4) Reducing Company Footprint

Specialists in this field have an obligation in 2020 to reduce the footprint of the enterprise. This pertains to the amount of waste that is produced by warehouses as they develop and transport their goods from location A to location B. By leveraging these operators, they have to find solutions that will cut down on this waste and drive the company to becoming a green brand.


5) Saving Cash

Reducing the bottom line for the business is the end goal for all parties. Companies that hire the services of 3PL warehouse experts want to be able to enjoy assistance that cuts down on needless costs and takes advantage of financial opportunities, whether that includes less material orders or a cheaper courier partner.


6) Saving Time

The clock is always ticking for manufacturers, developers and wholesalers in this landscape. The intervention of 3PL warehouse experts should be designed to reduce this time and maximise the supply chain to the company’s benefit.


7) Past Performance

These 3PL operators above all else have to demonstrate that they have delivered on all of these key criteria points in the past. There can be other businesses of industry who pass on references and referrals for these specialists. Much of this feedback can be sourced over the web if there are no direct recommendations. Community members will have an opinion on these professionals over the span of years, so reading this feedback is a critical part of the selection process.

The best strategy that business owners can adopt with 3PL warehouse experts is to talk with commercial peers, examine their online rating and consult with those participants who make the shortlist. Once a viable outlet has been identified, then they can start to get to work on key facets of the enterprise that need to be fine-tuned and developed from top to bottom.