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Seven & Nine Unite Against ACCC Facebook/Google Probe

Seven & Nine Unite Against ACCC Facebook/Google Probe

Roma Christian April 30, 2018 No Comments

Complimenting previous remarks from Seven West Media’s Kerry Stokes, Nine Boss, Hugh Marks, has urged the Australian media industry to unite, as the ACCC prepares to publish submissions received from its Facebook/Google inquiry. Nine’s…

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New Nokia Phones Landing in Oz This Week

New Nokia Phones Landing in Oz This Week

Roma Christian April 30, 2018 No Comments

Following their unveiling at Mobile World Congress 2018 (MWC), HMD Global has announced the latest suite of Nokia phones will land in Australia this week. The launch beckons the anniversary…

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Steinhoff Ex-Chairman Sues For $6 Billion

Steinhoff Ex-Chairman Sues For $6 Billion

Roma Christian April 27, 2018 No Comments

Former Chairman of South-African furniture and homewares giant, Steinhoff, is suing the retail conglomerate US$4.8 billion (~A$6.35 billion), in a bid to recover investments made between 2015 – 2016. Major…

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Wesfarmers Sales Up, Officeworks & Kmart Soar, Target Wobbles

Wesfarmers Sales Up, Officeworks & Kmart Soar, Target Wobbles

Roma Christian April 27, 2018 No Comments

Wesfarmers has posted a moderate 2.7% Q3 sales increase to $14.85 billion, as performance from Bunnings ANZ, Kmart and Officeworks continues to offset struggling sales from Target and Bunnings UK. Budget department store,…

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LG Posts Record Q1 Profit, Home Entertainment Up 76%

LG Posts Record Q1 Profit, Home Entertainment Up 76%

Roma Christian April 27, 2018 No Comments

LG Electronics has posted a 20.2% increase in Q1 operating profit, following strong sales from its premium home appliances and TV range, thereby offsetting weak smartphone revenue. In line with previous forecasts,…

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Facebook Revenue Up 50% Despite Privacy Saga

Facebook Revenue Up 50% Despite Privacy Saga

Roma Christian April 26, 2018 No Comments

Despite being embroiled in a data privacy firestorm, Facebook has beat analyst expectations and posted a ~50% increase in Q1 revenue to US$11.97 billion. Net income soared 63% year-on-year to US$5…

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Samsung Profit Up 52%, S9 & Memory Chip Sales Strong

Samsung Profit Up 52%, S9 & Memory Chip Sales Strong

Roma Christian April 26, 2018 No Comments

Samsung has continued its streak of bumper earnings, posting a 52% YoY increase in 1Q18 net profit [11.69 trillion won/US$10.8 billion], driven by strong memory chip sales, and the release of…

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Westfield Takeover Tipped To Be Green Lit

Westfield Takeover Tipped To Be Green Lit

Roma Christian April 26, 2018 No Comments

Recent reports reveal Unibail-Rodamco’s ~$30 billion takeover of Westfield is likely to be green lit, just a month shy of the scheduled shareholder vote. As previously reported, Westfield’s leadership has urged…

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Amazon Echo Spot Lands In Australia

Amazon Echo Spot Lands In Australia

Roma Christian April 26, 2018 No Comments

Set to further ignite competition in the smart speaker market, Amazon has announced its Echo Spot is now available to buy in Australia for $199. From today, Aussies can purchase…

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Streaming Revenues Trump Music Downloads For First Time

Streaming Revenues Trump Music Downloads For First Time

Roma Christian April 26, 2018 No Comments

IFPI’s latest Global Music Report reveals Apple and Spotify are the music industry’s largest revenue generators, with sales from music streaming surpassing physical and digital downloads for the first time. The global body credits the…

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