FEAR & GREED | Business News Afternoon Report | Market dips, GyG tumbles
Aug 22, 2025
Markets saw a dip with the ASX slipping yet still up for the week. Guzmany Gomez reported mixed results, leading to a notable share tumble. The political landscape shifted as the LNP voted against net zero commitments. Regulatory actions are on the horizon for Binance Australia with a new auditor involved. In the legal arena, Trump celebrated a significant legal win, adding another twist to his ongoing scrutiny. This blend of financial updates and political drama keeps the market landscape dynamic.
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Market Dip But Weekly Gain
- The S&P/ASX 200 slipped 0.6% to 8,967, falling just below yesterday's record but still up 0.3% for the week.
- Consumer staples and recent company-specific earnings drove the weakness while Zip rallied on a possible NASDAQ dual listing.
GyG’s Mixed Result Sparks Share Plunge
- Guzman y Gomez reported over $1.2 billion in sales and its first dividend but flagged weak early-year growth that alarmed investors.
- Shares plunged almost 18% as US expansion weighed and only 3.7% sales growth was recorded in the first seven weeks.
LNP Pushes Federal Net Zero Rethink
- Queensland's LNP convention overwhelmingly backed abandoning a federal net zero commitment, increasing pressure on opposition leader Susan Lee.
- The resolution is non-binding but highlights internal party tension and contrasts with Queensland's state government commitment to net zero by 2050.