Nathan Jolly – Page 134

ASIC Issues First Greenwashing Fine

Nathan Jolly October 27, 2022 No Comments

The Australian Securities and Investments Commission has become the first Aussie regulator to issue a fine for false claims of environmental credentials. ASIC hit energy company Tlou Energy with a…

Meta Profits Down 52%, Takes $5.6 Billion Metaverse Hit

Nathan Jolly October 27, 2022 No Comments

Meta continues to see declining revenue and profits as it sinks money into its metaverse aspirations. Facebook’s parent company saw A$42.67 billion in revenue during the September quarter, a 4…

Kogan Profits Plummet 40.4%

Nathan Jolly October 27, 2022 No Comments

Online retailer Kogan has posted a 40.4 per cent in gross profit in its first quarter, as group sales fall 38.8 per cent. Sales across Kogan, Dick Smith, Matt Blatt,…

Medicare Numbers Leak After Another Attack

Nathan Jolly October 27, 2022 No Comments

Australian Clinical Labs reported this morning that the health records and credit card details of roughly 223,000 of its clients were stolen and posted on the dark web. The details…

Super Retail Group Sales Up 20%

Nathan Jolly October 27, 2022 No Comments

Super Retail Group shares are up more than 2 per cent this morning, as the company gives a solid trading performance update at its AGM. The company’s sales are up…

JB Hi-Fi Taking Cybersecurity Head On

Nathan Jolly October 27, 2022 No Comments

JB Hi-Fi shares have jumped as much as 2.5 per cent this morning, after the retailer gave an impressive FY23 update. For the first quarter of the financial year, between…

Alphabet Profits Drop 27% As Ad-Revenue Tanks

Nathan Jolly October 27, 2022 No Comments

Google’s parent company has delivered its most lucklustre results since the early days of the pandemic, as advertising slows in fear of a recession. Alphabet posted revenue of $69.1 billion…

Aussies Cancel Millions Of Streaming Subs As Inflation Bites

Nathan Jolly October 27, 2022 No Comments

Australians cancelled over one million streaming subscription services during the September quarter, as inflation and household costs continue to bite. This is according to market research company Kantar, who surveyed…

Seagate Cutting 3,000 Jobs, Accused Of Huawei Violation

Nathan Jolly October 27, 2022 No Comments

The world’s largest hard drive manufacturer has announced it will cut 3,000 jobs amid a drop in orders and accusations of breaching Chinese sanctions. Seagate’s shares dropped as much as…

Xbox Game Pass Already Profitable, Confirms CEO

Nathan Jolly October 27, 2022 No Comments

Microsoft Gaming CEO Phil Spencer has revealed the Xbox Game Pass subscription service is already profitable, accounting for around 15 per cent of Microsoft’s Xbox content and services revenue. Spencer…