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LG Looking Good

Computer Daily News April 9, 2018 No Comments

South Korea’s LG Electronics expects Q1 operating profit to rise 20 percent from a year ago to its highest in nine years, beating market expectations. The world’s No.2 television maker…

Sony Gaining US$1bn From Spotify Stake

Athina Mallis April 5, 2018 No Comments

Sony will be receiving up to US$1bn from its stake in Spotify, the owner of the European streaming service. On Wednesday, Sony sold 17 per cent of its stake in…

MYOB Bid For Reckon Doomed?

Computer Daily News April 5, 2018 No Comments

Accounting software house MYOB’s proposal to acquire rival Reckon for $180 million appears likely to fail, according to Australian analysts at investment bank UBS. They say MYOB will struggle to…

Trump Set To Go After Amazon, Supplier Margins Also Under Threat

David Richards March 29, 2018 No Comments

Australian retailers battling Amazon, are this morning trying to work what will be the impact of claims that US President Donald Trump is set to go after the giant online…

Consumers Warned Off From Taking Advice From Gerry Harvey

David Richards March 28, 2018 No Comments

Has Gerry Harvey lost his business nouse, you would think so if you read the Financial Rewview who have warned readers about getting investment advice from the Harvey Norman retail…

Dropbox Shares Skyrocket

Computer Daily News March 26, 2018 No Comments

Dropbox shares closed at US$28.42, up more than 35 percent, in their first day of trading last week, as investors rushed to buy into the biggest US technology sharemarket float…

Facebook Plummets US$30bn After Data Scandal

Athina Mallis March 20, 2018 No Comments

Facebook shares took a hit overnight plummeting to US$30bn after news broke that controversial political research company Cambridge Analytica retained information of 50 million users without permission. Yesterday its shares opened…

Retailers Set To Benefit From Collapse Of Toys R Us, Suppliers Desperate

David Richards March 19, 2018 No Comments

Australian retailers Big W, Kmart and Target, who have recently moved to expand their range of consumer goods and electronic toys, are set to benefit from the demise of Toys…

Wesfarmers To Demerge Coles

Athina Mallis March 16, 2018 No Comments

Retail conglomerate Wesfarmers will demerge Coles in a plan to create a new top 30 company on the ASX which will have “leading positions in grocery, liquor and convenience”. The…

Finance Check Company For Appliance & CE Retailers Accused Of Dodgy Practises

David Richards March 16, 2018 No Comments

A major credit rating agency used by retailers selling appliances and consumer electronics goods is facing legal action after the Australian Competitiotion and Consumer Commission accused them of breaches of…