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ASX narrowly ahead as banks sag; Afterpay above $95; Woolies climbs – The Sydney Morning Herald

The ASX 200 eked out narrow gains at Thursday’s open following fresh records on Wall Street overnight. Afterpay, Woolworths, Bega, and Mesoblast all rose.

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However, those sales came at a cost, with Woolworths reporting a $275 million expense for measures such as additional in-store cleaning and security.
Other significant items affecting the company’s bottom line included $176 million in costs associated with the redundancy of 1350 workers in its NSW distribution centres, and $230 million in costs linked to Woolworths’ ongoing demerger of its Endeavour Drinks division.
Woolworths is currently in the midst of repaying thousands of employees nearly…

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