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Laura Besarati

๐Ÿ‘ค Speaker
134 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

But as we know, President Trump rejected the proposal, insisting that the waterway should remain open, free and without toll charge.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

So closer to a deal, supposedly, but still not seeing eye to eye on some very key terms of that deal.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

So a deal, maybe, maybe not.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

There's also been a fair bit of company news around today.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

Now Mexican fast food chain Guzman has stolen the spotlight once again.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

It's the best performer for a second straight session.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

It was up yesterday on a broker upgrade thanks to its strong expansion plans and now today it's surging again after announcing it's shutting down all eight of its US stores and abandoning its American expansion plans with immediate effect.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

Now, GYG said the US operations weren't generating enough sales momentum and would have required much more time and capital to turn around than expected.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

Now, investors actually cheered the move because the US business had been losing money for years and was seen as a major drag on the company.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

As a result, the closures will cost the company about $1.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

$30 million to $40 million in one-off costs.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

But these one-off items are not expected to impact its final dividend for FY26.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

So today, Guzzi up 9.5%.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

It's up 16% so far this week, still 9% lower over the year so far.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

Job posting site Seek has been another one of the losers today.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

In fact, it's the worst performer of the day, down close to 6% to its lowest level in over a decade.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

So you have to go all the way back to 2015 to see its share price any lower than where it is now.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

Now, today's decline seemed to be on the back of a target price cut from

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

a broker.

CommSec Market Update
PM 22 May 26: Weekly gain for ASX

Keep in mind as well, after yesterday's weaker jobs data, that a company in this industry could be impacted by a weaker jobs market, all the uncertainty in the world, and also AI disruption on hiring.