- ASX200 closed 0.61% lower at 7582.50 on Monday.
- Lendlease tumbled on FY21 results including 16% drop in revenue.
- Flight Centre shares hit by COVID lockdowns despite REX deal.
The Australian market started the week lower, closing Monday?s session down 0.61% at 7582.50 as results from listed companies including Beach Energy, Bendigo & Adelaide Bank, and Lendlease disappointed investors.
The tech sector rebounded from morning losses to close higher on Monday as gains for Technology One, Megaport and Xero offset heavy losses for EML Payments and Nuix.
Bitcoin is trading 1.26% higher in the last 24-hours at US$47,688.27 at 4:45pm AEST.
Lendlease shares tumbled today after the real estate and investment company reported FY21 results. For the year, Lendlease reported a statutory profit after tax of $222m, up from a $310m loss in FY20, funds under management increased 10% to $39,600, but revenues fell 16% YoY to $6.4bn.
Making headlines, Flight Centre shares took a hit today amid new lockdown announcements around the country. Despite Flight Centre today announcing a new deal with Regional Express to offer REX?s services to both Flight Centre?s leisure and corporate customers, its share price still slipped as the Delta COVID-strain continues to spread around Australia.
And Ford has deployed two new robots, Shelby and Miles, to assist with testing cars in extreme environmental conditions. Ford uses the robots to test the cars in high winds, extreme temperatures and altitudes to eliminate human error from fatigue during such tests.