Downer expects to report a full-year statutory net loss of $150 million-$160 million after recognising charges worth $386 million on account of goodwill impairment, restructuring and portfolio review costs.
Oil prices were little changed overnight as coronavirus cases increased in many countries, though a flurry of announcements about a potential COVID-19 vaccine and ongoing talks over a European Union fund to revive economies hit by the pandemic curbed losses.
Gold prices jumped to their highest level since September 2011, and silver hit a near four-year peak as a spike in COVID-19 infections and hopes for increased stimulus measures supported safe-haven demand.
If there’s anything to be gleaned from Premier Mark McGowan’s extraordinary 89 per cent approval rating, it’s that the public is almost singularly attuned to how the state government has responded to the pandemic.
Four builders including Multiplex and Lendlease have been shortlisted to complete major works under the $257 million expansion of Joondalup Health Campus, which will include new beds and operating theatres.
Gold jumped on Friday, poised for its sixth consecutive weekly gain, as a record-breaking rise in coronavirus infections in the United States fuelled uncertainly about an economic recovery, while a weaker greenback also added support.