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Woolworths Use Big Data To Take On Mosman Council

David Richards August 4, 2019 No Comments

Big data is set to play a key role in a bitter spat between Woolworths, Mosman Council whose mayor is opposed to a new Woolworths retail outlet, and an activist…

Spotify Revenue Up But New Subs Numbers Fail To Impress

Computer Daily News August 2, 2019 No Comments

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 the bell. While premium subscriber numbers rose 30…

All Eyes On JB Hi Fi As David Jones Value Slashed By $437M

David Richards August 2, 2019 No Comments

As we tipped back in May department store retailer David Jones has slashed the value of their business by $437M with the Company declaring that retail is in a ‘recession’…

Nintendo Profit Slips 10%

Computer Daily News August 1, 2019 No Comments

Japanese gaming giant Nintendo posted a 10% fall in quarterly profit on market expectations of a rise in costs, but with stronger sales of its hybrid home-portable Switch console. Operating…

Sony Sensors Make Record Profit

Computer Daily News August 1, 2019 No Comments

Sony has posted a record first-quarter operating profit, despite the slowing gaming business, and on the back of strong demand for multiple-lens camera systems used for smartphone systems. “Our image…

Shares In Designer Outfit Redbubble Leap, Then Plunge

Computer Daily News August 1, 2019 No Comments

Shares in ASX-listed designer marketplace provider Redbubble jumped an initial 45% after the company posted its first full-year financials since listing in 2016. Revenue was up 41% at $257 million,…

LG Profit Down 15%, Appliances Offset Smartphone Loss

Jan Arreza July 31, 2019 No Comments

LG Electronics has reported record Q2 revenues for its home appliances division, while smartphone sales continue to weigh results. Overall Q2 results notched total turnover of US$13.4 billion, a slight increase…

Zip Takes On Afterpay With $400M NAB Investment Raise

Jack Gramenz July 30, 2019 No Comments

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. The company is looking to raise $400 million…

Amazon Shares Drop After Q2 Earnings Miss Estimates

Jan Arreza July 26, 2019 No Comments

Despite reporting record profits in 2018 and seeing a resurgence in consumer spending, Amazon reported mixed results in its Q2 2019 earnings report, failing to meet profit expectations, but exceeding…

Woolworths Boss Responds To Big W Sale Claim

David Richards July 4, 2019 No Comments

Woolworths chief executive Brad Banducci has not ruled out selling discount chain Big W but at this stage it’s business as normal. After announcing a company-transforming deal yesterday to merge…