Zip Acquires BNPL Services In Global Expansion
/
August 20, 2019
//0 Comment
Buy now, pay later provider Zip Co has chased local rival Afterpay in expanding overseas by acquiring payment platforms that will give... Read More
Seven Earnings Down 10%, Original Content Booms
Seven West Media’s new CEO James Warburton has a tough task ahead of him after the company posted a 10 per cent... Read More
Kogan Profit Up 22%, House Brand Sales Soar
Kogan.com has reported a 21.9% lift in net profit to $17.2 million, with house brand revenue soaring 41.6% year-on-year despite sluggish Australian... Read More
Amazon Defeats Tax Appeal
E-commerce giant Amazon has defeated an appeal by the US Internal Revenue Service in what the online retailer has called a US$1.5... Read More
Is Gerry Harvey Set To Retire As More Questions Raised About Questionable Investments?
Days out from Harvey Normans latest financial results serious questions are still being asked about the Companies structure and related entities than... Read More
Despite $150 Billion In The Bank, Apple Set To Fight Tax Ruling
Apple who have been in Court fighting cases for more than a decade is facing a $20 billion tax bill and a... Read More
Nvidia Shares Soar Despite Revenue Drop
Nvidia Q2 earnings and revenues beat Wall Street estimates, despite dropping from a year before, driven by better-than-expected gaming and automotive chip... Read More
Crunch Time For Trade Dispute: China To Retaliate
Tech stocks on Wall Street and the ASX plummeted again yesterday, their second dive in just 10 days. But the full crunch... Read More
NBN Co Revenue Jumps 43% To Hit $2.8bn
NBN Co has recorded strong revenue of $2.83 billion, up 43% for the year ended June 30. The year saw a total... Read More
Roku Stocks Jump 8% After Q2 Growth
Shares in Roku soared as much as 8%, after the streaming box manufacturer reported better-than-expected Q2 results. In 2019 alone, Roku shares... Read More
Nuheara Sells Mining Assets To Grow Audio Business
Perth based assistive listening company Nuheara has announced the partial sale of its Peru mining assets as it seeks to divest from... Read More
Apple Credit Card Rolls Out
Apple and Goldman Sachs have begun rolling out their new credit card as the tech giant looks to supplement its electronics business... Read More
CBA Take On Afterpay With Swedish Giant ‘Klarna’
The Commonwealth Bank of Australia has made a US$100 million investment in a Swedish buy now, pay later platform ‘Klarna’ as it... Read More
Braven, Gear 4 Morphie Gear Maker, Tipped To Be Sold As Share Value Crashes
The manufacturer of Braven sound gear, Mophie battery and Zagg cases is potentially up for sale according to sources. Zagg Inc a... Read More
Latitude To Launch BNPL Platform
Latitude Financial plans to take on Flexigroup’s Humm and Fintech darling Afterpay as it fights for a slice of the burgeoning buy-now-pay-later... Read More
Woolworths Use Big Data To Take On Mosman Council
Big data is set to play a key role in a bitter spat between Woolworths, Mosman Council whose mayor is opposed to... Read More
Spotify Revenue Up But New Subs Numbers Fail To Impress
Music streaming platform Spotify’s lower-than-expected additional paid subscriber numbers sent its shares plunging by as much as 5% lower in trading before... Read More
All Eyes On JB Hi Fi As David Jones Value Slashed By $437M
As we tipped back in May department store retailer David Jones has slashed the value of their business by $437M with the... Read More
Nintendo Profit Slips 10%
Japanese gaming giant Nintendo posted a 10% fall in quarterly profit on market expectations of a rise in costs, but with stronger... Read More
Sony Sensors Make Record Profit
Sony has posted a record first-quarter operating profit, despite the slowing gaming business, and on the back of strong demand for multiple-lens... Read More
Shares In Designer Outfit Redbubble Leap, Then Plunge
Shares in ASX-listed designer marketplace provider Redbubble jumped an initial 45% after the company posted its first full-year financials since listing in... Read More
LG Profit Down 15%, Appliances Offset Smartphone Loss
LG Electronics has reported record Q2 revenues for its home appliances division, while smartphone sales continue to weigh results. Overall Q2 results... Read More
Zip Takes On Afterpay With $400M NAB Investment Raise
Zip Co has asked National Australia Bank to start seeking investors, for the creation of a master trust for the buy-now-pay-later platform.... Read More
Amazon Shares Drop After Q2 Earnings Miss Estimates
Despite reporting record profits in 2018 and seeing a resurgence in consumer spending, Amazon reported mixed results in its Q2 2019 earnings... Read More
Woolworths Boss Responds To Big W Sale Claim
Woolworths chief executive Brad Banducci has not ruled out selling discount chain Big W but at this stage it’s business as normal.... Read More
Officeworks Facing $10M Salary Hit To Bottom Line
New Officeworks CEO Sarah Hunter has already hit a turbulent patch with a $10M boost to take home pays set to hit... Read More
Afterpay Share Price Tumbles As AUSTRAC Orders Audit
UPDATE: Afterpay shares (ASX: APT) closed the day down just over 12 per cent. Shares in buy now, pay later service Afterpay... Read More
Major Expansion Plans For Officeworks, Connected Home & Education
Retail conglomerate Wesfarmers has announced a major expansion of their Officeworks operation with the retailer set to expand into the Connected Home,... Read More
BREAKING NEWS: Wesfarmer Buy Catch New K Mart Online Division
Days after Gerry Harvey purchased Seconds World From administration Wesfarmers has snared the Catch Group owners of Catch of The Day where... Read More
Afterpay In Regulator Crosshairs Over Compliance Issues
Buy-now-pay-later provider Afterpay has revealed federal regulators have raised issues over the potential for terrorism funding and money-laundering. Afterpay provided an update... Read More
Lenovo Plays Down Trade War As Profits Surge
Chinese computing giant Lenovo has sought to provide comfort to investors fretting over trade wars by reporting a huge boost in profit.... Read More
Xiaomi Revenue Up Amid Oz Expansion
Chinese electronics manufacturer Xiaomi has exceeded expectations on quarterly revenue as the company expands into Australia. Despite slowing smartphone sales in its... Read More
Harvey Norman Crank Up 2nds World Stores & Managers Named
Harvey Norman has moved quickly to crank up their newly aquired 2nds World operation with distributors and brands being asked to supply... Read More
COMMENT: What Now For Retailers After Labor Humiliation?
Retailers and suppliers are today breathing a sigh of relief after Labor failed dismally to deliver their policies that could have wreaked... Read More
EXCLUSIVE: Bidders For 2nds World Exposed 15 New Stores Coming
When billionaire retailer Gerry Harvey scooped up 2nds World last week after the liquidators were bought in, he bought to a halt... Read More
ASUS Crank Up OZ Operations With New Gaming Range
ASUS is looking to capture a “major share” of the Australian PC gaming market after claiming that they are already #1 in... Read More
Humm Announces New Retailers In Push Against Afterpay
UPDATE: FlexiGroup shares surged off the back of the announcement, climbing 24% to close the day at $1.68. Financier FlexiGroup has announced... Read More
Deloitte In The Cross Hairs, As Dick Smith Case Rambles On
Two years after one of the biggest consumer electronics retail failures in Australia, Deloitte are still trying to extract themselves from the... Read More
Alibaba Pays $250m Over Lawsuit
Alibaba will pay US$250 million to settle a US lawsuit after the Chinese e-commerce company concealed a regulatory warning about counterfeiting before... Read More
BREAKING: Samsung Profits Tumble 57%
Samsung has reported a 57% decline in profit, reaching its lowest level since the third quarter of 2016. The Korean manufacturer reported... Read More
Macquarie Move To Sack Staff & Close Equities Operation
Macquarie spin doctors have failed to reveal that the Australian Company that will today hold their annual Macquarie Equities gab fest is... Read More
EXCLUSIVE: Small CE & Appliance Distributors Facing Balance Sheet Probe
Suppliers to appliance and consumer electronics retailers, are set to face new balance sheet analysis as questions are raised about the ability... Read More
Kogan Rockets But Advisors Bet Against The Online Retailer
Yesterday Kogan was one of the best performers on the Australian share market now they are facing new competition from Macquarie in... Read More
COMMENT:Retailers Need To Change Direction After First Round Of Collapses
2nds World and RT Edwards have called in the administrators and Radio Rentals has simply shut up shop, at the same time... Read More
BREAKING NEWS: Radio Rentals SA Shuts Up Shop
Days After 2nds World called in the administrators Radio Rentals has decided to shut up shop. The South Australian Company plans to... Read More
BREAKING NEWS: Has Westpac Had A Major Hack Attack? Customers Forced To Re-Establish Credentials
Westpac appears to be having a major security issue with customers locked out of accounts and in some instance’s users of their... Read More
Half Price Gizmodo Flogged After Racking Up Big Losses
Loss making tech media Company Gizmodo which also includes Lifehacker is set to be sold for less than half what it sold... Read More
Is Sony Set To Be Split Up As Netflix & Amazon Circle?
Sony has struggled for more than a decade, now a major US hedge fund is building a stake in the Company that... Read More
Someone Has Confidence In Harvey Norman
Someone has confidence in Harvey Norman with Harvey Norman Director John Slack-Smith scooping up 45,000 shares in the big retailer on Friday.... Read More
Apple Slammed After Mega Store Deal Bellyflops
The mighty US brand Apple has been slammed after they were refused permission to build a mega store at Melbourne’s Federation Square.... Read More
