ASX:JBH

4 stories mentioning ASX:JBH

Every FINWIRES story that references ASX:JBH, newest first.

ASX Preview: Australian Shares Set to Fall as Oil Jumps on Renewed US-Iran Tensions; Southern Cross Media Group to Cut Up to 300 Jobs

Australian shares are poised to fall on Thursday as oil prices surged on renewed US-Iran tensions after US President Donald Trump warned that the US would attack Iran "very hard" if no peace deal is reached, heightening geopolitical risk and inflation concerns amid expectations of constrained global energy supplies.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell around 1.6%, 2%, and 1.9%, respectively.In the macroeconomy, investors are eyeing the release of the Melbourne Institute consumer inflation expectations report.In corporate news, Southern Cross Media Group (ASX:SXL) said it will cut between 250 and 300 full-time roles before June 30 as part of cost reduction program, resulting in fiscal 2026 restructuring charges of around AU$20 million.JB Hi-Fi (ASX:JBH) started a process to refund more than AU$250,000 to about 200 consumers after the Australian Competition and Consumer Commission raised concerns that the company may have misled consumers with pricing claims in advertisements.Australia's benchmark index rose 0.6% or 49.1 points to close at 8,653.30 on Wednesday.

ASX 200ASX:JBHASX:SXL

Asia4d ago

JB Hi-Fi to Refund AU$250,000 to 200 Consumers After ACCC Raises Misleading Advertising Concerns

JB Hi-Fi (ASX:JBH) started a process to refund more than AU$250,000 to about 200 consumers after the Australian Competition and Consumer Commission (ACCC) raised concerns that the company may have misled consumers with pricing claims in advertisements, according to a Thursday statement by the regulator.The ACCC said it monitored JB Hi-Fi's online product pricing from March 2025 to September 2025 and was concerned that the company promoted 17 products as discounted from a previous higher price, when the products were either never offered at the higher price, only offered at the higher price for a short period, or only offered at the higher price long before the promotion.The advertisements were for several products, including two laptops, a virtual reality headset, and a gaming monitor, with JB Hi-Fi having already provided some refunds automatically and contacted affected customers directly, the statement added.The ACCC has decided to resolve the matter administratively without taking further formal enforcement action, given the company's cooperation in the investigation, it added.

ASX:JBH

Asia13d ago

JB Hi-Fi, Eagers Automotive, Lovisa, Domino's Trade Lower After Australia Hikes Minimum Wage

JB Hi-Fi (ASX:JBH), Eagers Automotive (ASX:APE), Lovisa Holdings (ASX:LOV), and Domino's Pizza Enterprises (ASX:DMP) were all trading lower on Tuesday afternoon after the Australian Fair Work Commission's (FWC) annual wage review raised pay for workers on minimum wage.The review gives minimum award workers a 4.75% increase to pay starting from July, with the FWC saying that Australia's monetary policy tightening will "undoubtedly slow down the economy in the year ahead."JB Hi-Fi shares fell past 4%, Eagers Automotive and Lovisa both shed nearly 4%, and Domino's Pizza declined almost 6%.

ASX:APEASX:DMPASX:JBHASX:LOV

Asia40d ago

JB Hi-Fi Posts Higher Fiscal Q3 Australia, New Zealand Sales

JB Hi-Fi (ASX:JBH) reported that its Australia sales for the fiscal third quarter rose 2.6% on a comparable basis, according to a Wednesday filing with the Australian bourse.The company's comparable sales in New Zealand rose past 15%, while The Good Guys comparable sales jumped 2.5%, the filing added. Sales from e&s fell 4.8%.

ASX:JBH