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What the Flux
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What the Flux
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Bonza, Australia’s fourth largest airline, has hit major turbulence after some major instability from its private equity ownerLVMH saw its sales growth slow down to just 2% as its consumers pull back from Louis Vuitton bags and Hennessy cognac
News Corp Australia is making its biggest company restructure in decades after Meta decided not to renew its News Bargaining deal with Australian publishers.Apple has lost its spot as the top phone maker in the world - in the most recent quart
Two of Australia’s up and coming betting companies, BlueBet and Betr, will merge to compete with the big players in the betting space.Luxury fashion retailer Cettire has struggled to woo investors despite an 88% increase in quarterly sales com
Ola has announced it will officially shut down its ride sharing services in Australia after 6 years as well as other international marketsTesla has reportedly scrapped its plan to build a lower-cost electric vehicle and is focusing on Robotaxi
Qantas has announced a major upgrade to its Frequent Flyer rewards points program which will cost it over $120 million.Woolworths is partnering with the UK’s Tesco supermarket chain, and other big supermarket chains around the world, on a new
Sydney Airport’s earnings have more than doubled, as Australia’s biggest airport makes the most of our return to flying - in Australia and globally.Canva has finalised a share sale worth $3.6 billion, making some of its staff overnight million
The owner of Sportsbet, which is Australia’s biggest sports betting company, has said the company experienced a big 27% decrease in earnings for the last financial year.Spotify is planning to raise its prices AGAIN in key markets, including Au
ASX-listed wine maker, Treasury Wines, is likely to increase prices on Penfolds wines, as China finally loosens tariffs on Aussie wine.Google is planning to destroy users’ ‘incognito mode’ browsing data as part of a lawsuit settlement.WeWork’
Australia’s big banks and some of the Australia’s biggest retailers have given a financial lifeline to Armaguard to keep the cash transport company alive.The owner of Peter Alexander and Smiggle, Premier Investments, is looking to separate the
Reddit’s share price launched 48% on its first day as a listed company last week on the New York Stock Exchange.Unilever is melting away its ice cream division and is axing 7,500 jobs in an effort to cut costs big time.Baraja, the $300m Aussi
Chemist Warehouse has announced a profit increase of nearly 30% in the lead up to its proposed merger with Sigma Healthcare.Gucci’s got a problem, and its name is China - yup, we’re talkin’ a share price drop costing Gucci’s owner $10.5 billio
Uber is paying Aussie taxi drivers $272m in big class action settlementGoogle is looking to partner up with Apple to licence the Google Gemini AI system for the iPhoneBHP is reportedly laying off close to 100 staff members at its mega West Mu
Amazon is recruiting a fleet of contractors to grow its delivery network in Australia, and take on Australia Post.Liquid Death, the canned-water brand that helps you “murder your thirst” has just doubled its valuation… because people actually
Optus’ owner, Singtel, is looking like to sell the Aussie telco in a multi-multi billion dollar deal.Myer has seen its share pop more than 5% after it managed to stabilise its results… and bring in a new Exec to lead it into the future.TikTok
Google Australia is going to split away from Meta as it looks to renegotiate its media deals under the Media Bargaining Code.Elon Musk has announced that xAI, his ChatGPT rival, will make its chatbot, Grok, open source.Pfizer, the biotech tha
Amazon has crossed $3 billion in sales in Australia as it snatches customers from its competitors.Apple has been whacked with a $2B euro fine in Europe for suppressing competition in the music-streaming industry.Tigerlily, one of Australia’s
Private health premiums in Australia are going to rise by the biggest amount in five years on April 1st.Reddit, the social media platform, is planning to IPO this month on the New York Stock Exchange in the first major tech IPO of 2024.Bitcoi
Meta has warned that it won’t renegotiate new Australian media deals as it plans to pull the News tab from its app in Australia.Life360, the ASX-listed family tracking app, has seen its shares skyrocket over 30% as it starts to push ads in the
Harvey Norman has seen its pre-tax profit drop by more than 45% because Aussies are feeling the pinch of living.Apple has decided to pull the electric-plug on its self-driving electric car project after 10 years in the making.Disney is teamin
Kogan.com has seen its net profit triple over the past six months even as it saw its sales decrease.Adore Beauty has seen its revenue increase to over $100 million for the first half of the financial year, after giving its returning customers
Medibank’s share price has been whacked after it failed to achieve its forecasts thanks to slow member growth.Vice Media is laying off hundreds of jobs and is even shutting down its own website vice.com.Nintendo’s shares have dropped almost 9
Qantas has announced a 13% drop in half-year profits, but some are seeing this as a positive sign.Nine Entertainment has seen its profit drop by more than 40% for the first half of FY24 after a “markedly weaker ad market”.Nvidia, the hottest
ANZ is one step closer to acquiring Suncorp for $4.9 billion, after a court overturned the ACCC’s decision to reject the acquisition.Star Entertainment’s shares have dropped 22% after a second inquiry into the Sydney Star Casino.The company b
Taylor Swift performed her first set of shows in Melbourne over the weekend and not only is she entertaining crowds, but giving a major boost to the economy.Kmart has announced record earnings for the last six months after an increase in earni
Temple & Webster has smashed market expectations after announcing a 23% rise in sales for the past 6 months.Breville, the home appliances giant, has seen its sales take a big hit after it stopped discounting its products.BYD, the Chinese elec
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