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Cricket To Feel Nine’s Cost Cut, TV Channels Struggle To Profit

Camilla Theakstone February 28, 2020 No Comments

Nine Entertainment has revealed it will concentrate on slashing out $100 million in costs over a three year period after reporting a 9 per cent drop in profits. The targets…

Ambertech Smashed Supply Issues Impact Both Sales & Profits

David Richards February 28, 2020 No Comments

Ambertech has been smashed with their consumer lifestyle revenues slumping 12.6% to $12.6M EBIT was down 102.8 percent to a loss of $432,00 as at December 30th. The Company claims…

BREAKING NEWS: Dow Jones Devastated By Coronavirus

Camilla Theakstone February 28, 2020 No Comments

The Dow Jones has plummeted down by 4.4 per cent in its worst one-day point drop in history, as fears continue to mount over the impact of the potentially fatal…

Microsoft Forecasts Revenue Hit Due To Coronavirus

David Richards February 28, 2020 No Comments

Microsoft has joined Apple claiming that revenues are set to tumble because of the Coronavirus, the Company is also warning of short supply of their Surface tablets. The Office 365…

A$ Tanks CE & Appliance Suppliers Now Facing Double Whammy

David Richards February 27, 2020 No Comments

Australian consumer electronics and appliance suppliers are facing having to significantly lift prices if they have not hedged against the Australian dollar which fell to $0.65 cents this morning. Fears…

Prime Media Warns Of ‘Depressed’ Ad Revenue

Camilla Theakstone February 26, 2020 No Comments

Prime Media has warned that regional advertising revenue will continue to be depressed throughout the 2020 financial year. It comes after the media giant reported a 56 per cent slump…

ASX Falls To Two-Month Low

Camilla Theakstone February 26, 2020 No Comments

Australia’s sharemarket has felt the impacts of the coronavirus after taking a steep dive at the open. But it wasn’t as bad as expected. The ASX 200 fell 2 per…

Big W First Profit Since 2016, CE A Growth Category

David Richards February 26, 2020 No Comments

BIG W has reported a first half profit for the first time since 2016 with a restructuring of the consumer electronics categories contributing to some of the growth. The $50…

Nine Entertainment Net Profit Slumps 9%

Camilla Theakstone February 26, 2020 No Comments

Nine Entertainment has released its finances for H1 FY20, outlining its results from the months since December last year. Lead takeaways from the report were the decline in profits –…

B&W Failed To Tell Local Management Of CEO Restructure

David Richards February 26, 2020 No Comments

Senior management at Bowers & Wilkins Australia were not told that global directors had quit the UK Company or that a turnaround operator had been appointed as CEO. According to…