Laura Besarati

speaker

22,691 appearances 299 recordings 1 series first heard Aug 2024 last heard 2d ago

Laura Besarati’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 123 in all, peaking in Mar 2026 with 22.

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CommSec Market Update · PM 04 Jun 26: ASX slides as miners tumble · 4 Jun 2026 podcast

That is weight, tech, telcos.

They're also in negative territory.

And a few areas that are standing out

consumer staples, which is considered to be a bit of a defensive area, and also the utilities, which is up around 1.3%.

And healthcare, which has been one of the hardest hit since the start of the year.

So market's certainly retreating and feeling a bit more cautious in trade tonight.

Let's take a look

at some winners on the market because there are a few.

Certainly one of the big standouts of the day and one of the big talking points has been Treasury Wine Estates.

It is up around 13% held in Investor Day today.

And this is an annual event where it gives analysts and investors a bit of a deeper insight and look into what its strategy and outlook is.

Treasury Wine Estates is the group behind Penfold, behind 70 other pretty well-known wine brands as well.

Now, it's lifting today on news that it could actually sell some of its California wineries, consolidate US production, which has been an area that it's struggled with in recent times.

It's also expected to narrow its focus mainly to 10 key brands over time, and it expects luxury red wines to continue as the main growth engine and driver for the company.

Now,

It also said it's aiming to reduce annual costs by about $100 million by its 2029 financial year.

Now, a reminder that a couple of years ago, it tried to actually offload and sell some of its lower cost mass market brands, brands like Wolf Blast and Lindemans, for example, but couldn't really find a suitable buyer that it was happy with.

Elsewhere, we've got Ampol lifting by more than 4% today.

Now, it actually had a target price upgrade by a broker.

This is where they think the share price might be in 12 months' time from here.

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