Gaming operator SkyCity has seen its share price collapse today after news that it could face suspension of its NZ casinos as regulators respond to a customer complaint alleging failures to identify their gambling addiction as part of its casino host responsibilities.
By Charlie Ormond,
Magellan Financial Group saw its profits and revenue dive this year but has still been one of ASX’s best performers today, as the company announced a special dividend of 30 cents per share and promised a reset in its priorities.
By Charlie Ormond,
Orora packaging saw its shares jump today as it reported solid earnings, which hinted at future growth for the sustainable packaging and cans segments of the company. Meanwhile, larger macroeconomic headwinds slowed wine bottle sales and potentially signalled some trouble ahead.
By Charlie Ormond,
Seek’s earnings report today disappointed investors with shares down by 6.25% this morning as the company’s earnings and profits fell. Meanwhile, its FY24 guidance signalled uncertain times ahead.
By Charlie Ormond,
Telstra and TPG announced today that they will not appeal against the decision to block their regional network sharing deal MOCN which has been in flux since it was first penned in February last year.
By Charlie Ormond,
JB Hi-Fi reported record sales of $9.63 billion for the 2022–23 financial year but lower profits as the retail sector faces lower consumer spending and uncertainty as interest rates sting costs and households budgets.
By Charlie Ormond,
Furniture company Nick Scali saw its shares surge by 14.5%, trading at $12.25 per share this afternoon as it surprised shareholders with record profits amid slowing consumer spending and high interest rates.
By Charlie Ormond,
Construction materials giant Boral posted strong earnings today, beating expectations as its price increases across the board translated into healthy books. Shares were up by 8.12% this afternoon.
By Charlie Ormond,
AGL Energy has fallen to an annual loss of $1.26 billion as the energy giant begins to wind down its coal power plants. Underlying profits showed signs of health, thanks to higher wholesale energy prices.
By Charlie Ormond,
In a tense back-and-forth deal, InvoCare has agreed to a $1.2 Billion takeover bid by TPG Capital to purchase the funeral director and cremation company.
By Charlie Ormond,
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