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BREAKING NEWS: Interest Rate Up 35 Basic Points

David Richards May 3, 2022 No Comments

At its meeting today, the Resever Bank Board decided to increase the cash rate by 25 basis points to 35 basis points. It also increased the interest rate on Exchange…

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JB Hi Fi Founder Claims There Is Only Room For A Select Few In OZ Online Market

David Richards May 3, 2022 No Comments

Richard Uechtritz the man who led the buyout of JB Hi Fi back in 2020 believes that there is only space in the market for a select group of online…

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Kogan Tanks Further As Questions Raised About There Inability to Sell Stock

Kogan Tanks Further As Questions Raised About There Inability to Sell Stock

David Richards May 2, 2022 No Comments

The Kogan share price is down a further 3% to $3.79 today (Monday) with the future looking bleak for investors who bought when the stock that climbed during COVID lockdowns.…

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Shriro Awash In Controversy As Chairman Quits

David Richards May 2, 2022 No Comments

Sydney based distributor Shriro Holding who has had three chairman in six months and recently reported a 35% fall in profits has called an Extraordinary General Meeting for the 14th…

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AFL Tells Paramount + They Will Produce TV Games Coverage

David Richards May 2, 2022 No Comments

The battle over AFL rights has taken a new turn, with sources claiming that AFL boss Gillon McLachlan, who spent last week courting Channel Ten owners in New York, telling…

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It’s Official: Kogan An Online Shopping Basket Case

It’s Official: Kogan An Online Shopping Basket Case

David Richards April 29, 2022 No Comments

Kogan has become the basket case of the online shopping world, profits are sinking their warehouses are full of stock which are struggling to sell despite massive stock shortages among…

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COMMENT: Why Fetch TV Deal Faces Problems

COMMENT: Why Fetch TV Deal Faces Problems

David Richards April 29, 2022 No Comments

The purchase of 51% of Fetch TV, for $50M raises serious questions, as to why Telstra has gone down a content path when they already own 35% of Foxtel. Fetch…

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Smartphone Sales Fall APAC Down 12.3%

David Richards April 29, 2022 No Comments

Worldwide smartphone shipments declined 8.9% year over year in the first quarter of 2022 according to the latest IDC data with Asia Pacific which accounts for half of all shipments…

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Amazon Sales Fall 10% After First Loss Since 2015

David Richards April 29, 2022 No Comments

Amazon has reported its first loss since 2015, due in part to a 3% fall in online sales in the first three months of 2022, the online retailers shares fell…

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Apple Sales Up Stock Falls 6.2% Some Category Weakness

David Richards April 29, 2022 No Comments

Apple’s Wearables, Home and Accessories category, which includes the Apple Watch, Apple TV, HomePod mini and AirPods, have missed estimates with Apple warning that supply constraints would cost the company…

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