Nathan Jolly – Page 169

Telstra Provides Free Wi-Fi At 3,000 Payphones

Nathan Jolly August 26, 2022 No Comments

Telstra has converted 3,000 payphones across the country into free Wi-Fi hubs. The telco plans to convert its entire 15,000 strong fleet into Wi-Fi spots “over the coming years”. This follows…

AusPost Hikes Postage Prices After Profits Fall 45%

Nathan Jolly August 26, 2022 No Comments

Australia Post is in a bad way, as it posts a 45 per cent fall in profits, declaring it’s “making a loss on every stamped letter”. After a strong first-half…

Officeworks Earnings Drop, Revenue Up

Nathan Jolly August 26, 2022 No Comments

Officeworks reported a revenue increase of 4.6 per cent for the past year, despite seeing earnings slip by close to 15 per cent. Overall revenue hit $3.17 billion for the…

Kmart Suffers From Long Covid, Earnings Plummet 40%

Nathan Jolly August 26, 2022 No Comments

Kmart and Target suffered from mass store closures and supply chain congestion, with earnings down a massive 39.7 per cent for the 2022 financial year. Kmart Group’s revenue decreased by…

Afterpay Shuts Money App, Ends Westpac Deal

Nathan Jolly August 26, 2022 No Comments

Afterpay is closing down its Money app from next month, and ending its relationship with Westpac, due to conflicts with parent company Block’s Cash App. Money by Afterpay launched last…

Wesfarmers Profits Slip, Bunnings Remains Weatherproof

Nathan Jolly August 26, 2022 No Comments

Wesfarmers saw profits slip during a challenging twelve month period where both the Kmart Group and Officeworks took big earnings hits. Wesfarmers reported profits of $2.35 billion for the year…

Samsung Display Increase QDOLED Production By 30%

Nathan Jolly August 26, 2022 No Comments

Samsung Display will expand its QDOLED production capacity by 30 per cent before the end of 2022. The company will reduce “the takt time”, which is the time it takes…

Peloton CEO Calls $1.7 Billion Loss “Progress”, As Shares Tumble

Nathan Jolly August 26, 2022 No Comments

The wheels continue to fall off at Peloton, as the company reports a A$1.72 billion operating loss for the fiscal fourth quarter of 2022. Revenue fell 28 per cent during…

REVIEW: Yamaha’s E7B Earbuds Provide Big Sound, Many Options

Nathan Jolly August 25, 2022 No Comments

Yamaha has unleashed three sets of true wireless earbuds, the three of which have subtle design and spec differences, but will basically do the same job with a few minor…

Lismore Officeworks Reopens After Floods

Nathan Jolly August 25, 2022 No Comments

After flooding wiped out the original store earlier this year, Officeworks Lismore has reopened, with a bigger range, better layout, and increased staff numbers. The refurbish took 25 weeks of…