Nick Scali shares reach all-time high following UK expansion plans

Nick Scali’s (ASX: NCK) plans to expand into the UK have received a big vote of confidence from institutional investors, with the company successfully securing $46 million today before it opens its doors to raise another $10 million from retail shareholders. The fresh funds make up most of the $60 million the retailer is raising to t...

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Super Retail Group to face court over allegations of undisclosed exec relationship, bullying

The board of Super Retail Group (ASX: SUL) has announced today that the group expects two employees will commence a lawsuit against the listed group, alleging the company inappropriately used funds, bullied and victimised staff, and operated while failing to disclose a relationship between top brass. The company, which operates the brands Super...

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Aussie-founded sleep device giant ResMed sees profit lift 29pc

Shareholders backing Australian-founded, California-based sleep medical equipment company ResMed (ASX: RMD, NYSE: RMD) will be resting well tonight after the company posted a net income of US$300 million for the third quarter of FY24, reflecting a 29 per cent year-on-year increase. The result was driven by an uplift in the company's gross m...

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“Difficult decision”: Atlassian co-CEO Scott Farquhar to step down

After 23 years as co-CEO of Sydney-headquartered software giant Atlassian (NASDAQ: TEAM), Scott Farquhar has announced he will be stepping down from the role in four months, leaving Mike Cannon-Brookes as the only top boss. In an announcement to shareholders, Atlassian said that Farquhar made the decision in order to spend more time with his yo...

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BHP stages copper coup with proposed $60 billion Anglo American buyout

Amidst forecasts that Melbourne-headquartered BHP (ASX: BHP) will overtake Chilean state-owned Codelco as the world's leading copper producer this year, Australia's largest miner is out to reinforce that position with a £31.1 billion ($59.5 million) non-binding takeover offer for rival Anglo American (LON: AAL). If ...

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