The two previous versions of Penfolds Grange, the 20 released in 20 respectively, each had a recommended retail price of $950 per bottle. Treasury Wine Estates has lifted the price tag of its flagship wine Penfolds Grange to $1000 per bottle for the new 2018 version that goes on sale on August 4, as liquor retailers say there is no slowdown in spending among high-end wine buyers. “The merger was overwhelmingly endorsed by Woodside’s shareholders at our annual general meeting in May, and they are now seeing first evidence of the increased financial and operational strength the transaction will deliver,” Ms O’Neill said. Sales more than doubled to $US3.44 billion ($5 billion) in April-June from $US1.33 billion in the year-earlier period, thanks to the contribution from BHP’s oil and gas business, was folded into Woodside on July 1. Woodside chief executive Meg O’Neill is overseeing a much bigger portfolio after the BHP deal. Woodside Energy has scrapped the plan to sell a stake in its Sangomar oil project in Senegal as it reported a 44 per cent jump in revenue in the June quarter, buoyed by booming oil and gas prices and a 60 per cent surge in production after the merger with BHP Petroleum.ĬEO Meg O’Neill said the decision on ownership of the project, in construction on Senegal’s Atlantic coast, followed “extensive discussions with potential new partners”. In response, it said it has worked with industry partners to improve the travel experience and recruited more than 1000 new team members in operational roles and contact centres. The airline has been plagued by reports of excessive queues at airports including on Thursday morning. No dividends are expected to be declared in FY 2022, versus 3¢ per share in FY 2023. In FY 2023 the broker has pencilled in EBIT of $1 billion on sales of $18.9 billion. UBS forecasts the airline to post an EBIT loss of $1.4 billion on sales of $16.4 billion in FY 2022. “Qantas itself has reduced its fixed cost base, it has more flexibility in its order book, and the more-stable Loyalty segment plays a bigger role in group earnings.” The context is supported by pent up demand for travel, enough time to adjust capacity/fleet/staffing/ pricing plans, and less-aggressive industry capacity growth,” UBS said. “We think Qantas’ earnings are more resilient now. Underlying EBITDA is expected to finish between $450 million and $550 million over the second half of FY 2022, while the airline expects to post a significant full-year EBIT loss. In June, Qantas said travel demand remains strong across domestic and international routes with its net debt expected to fall to $4 billion by the end of FY 2022. UBS said it thinks Qantas is a cyclical stock that would underperform the market in an Australian recession scenario, but the airline now has more ability to adapt capacity plans in the event of a downturn. Broker UBS rates national carrier Qantas a buy with a share price target of $6.55, versus Thursday’s market price of $4.57.

Zip share price forecast 2022