Allensford jumps on disappointing The Reject Shop results

Allensford jumps on disappointing The Reject Shop results

Allensford is once again gunning to take over The Reject Shop (ASX: TRS) following the group's 1H19 results announcement and full year guidance. Though The Reject Shop's half year profit was in line with expectations, Allensford is hoping shareholders will jump ship now that the retailer has announced its full year guidance. P...

Read More...
Corporate Travel soars ahead defying short sellers and critics

Corporate Travel soars ahead defying short sellers and critics

In spite of a late 2018 short selling attack and harsh criticism from the Australian Financial Review, Corporate Travel Management (ASX: CTM) has reported a strong start to the 2019 financial year. Key figures were all up during the half, with revenue up 23 per cent to $212.2 million, underling NPAT up 20 per cent to $42.6 milli...

Read More...
Domino's online sales rise with two orders every second

Domino's online sales rise with two orders every second

Domino's plans to dominate digitally and online are falling into place, with the company announcing it now receives two pizza orders online every second. This bewildering figure has resulted in the company seeing online sales during 1H19 rise by 16.5 per cent or $132.2 million. Alongside significant contributions from Japan and Eu...

Read More...
ASIC the enforcer: Regulator reveals raft of investigations in the works

ASIC the enforcer: Regulator reveals raft of investigations in the works

The Australian Securities and Investments Commission (ASIC) has announced it will set up a separate Office of Enforcement as part of a new "Why not litigate?" approach in the wake of the Royal Commission. The regulatory tiger will also have sharper teeth following the recent passing of the Treasury Laws Amendment Bill 2018, allo...

Read More...
Blackmores delivers record sales but share price plummets

Blackmores delivers record sales but share price plummets

Record sales have generated record revenue of $319 million for health supplement company Blackmores (ASX: BKL) but CEO Richard Henfrey has told shareholders to not get too comfortable. Shares in Blackmores are down nearly 30 per cent at 10.42am AEDT after the company said growth in China has softened. "Achieving record sales is a...

Read More...
IOOF profit up 200 per cent despite Royal Commission criticism

IOOF profit up 200 per cent despite Royal Commission criticism

Despite being singled out by the final report from the Royal Commission into the banking and finance sector IOOF (ASX: IFL) has had a strong start to FY19. The financial advice and investment manager saw its statutory NPAT rise by 200 per cent in the half to $135.4 million. Underlying NPAT was also up slightly to $100.1 million. The 2...

Read More...
LandMark White hacked data sat on dark web for 10 days

LandMark White hacked data sat on dark web for 10 days

Property valuer LandMark White (ASX: LMW) has resumed trading this morning after investigating a serious data breach that occurred some time in December 2018. The company entered into a trading halt on Friday after major banks suspended important contracts. The Commonwealth Bank, National Australia Bank and ANZ have all suspended cont...

Read More...
Baby Bunting results improve on the back of retail enhancements

Baby Bunting results improve on the back of retail enhancements

New stores and the introduction of a buy-now pay-later finance option saw Baby Bunting's (ASX: BBN) first half results improve. Revenue was up 17.2 per cent to $177.688 million in the first half, whilst profit rose 27.8 per cent to $5.216 million. The company says it has rebounded from significant competition disruption, price def...

Read More...
LandMark White in trading halt following fallout from data breach

LandMark White in trading halt following fallout from data breach

Property valuer LandMark White (ASX: LMW) has gone into a trading halt pending a statement regarding the fallout from a data breach that occurred on 4 February 2019. The company said at the time that a data set containing property valuation and some personal contact information was disclosed because of a vulnerability in one of LMW's ...

Read More...
Treasury Wine Estates records strongest net sales revenue growth in its history

Treasury Wine Estates records strongest net sales revenue growth in its history

Strong performance in China has pushed Treasury Wine Estates' (ASX: TWE) results to new levels. The company delivered its strongest organic net sales revenue ('NSR') growth rate in its history during the first half of FY19. NSR was up 16 per cent to $1,507.7 million, whilst its NPAT was up 17 per cent to $219.2 million. ...

Read More...
A 97 per cent profit drop caps off disaster year for AMP

A 97 per cent profit drop caps off disaster year for AMP

Of all the companies hit hard by the findings of the banking and finance Royal Commission AMP was one of the worst hurt. However, amidst the chaos of renumerating customers for fees charged without rendering services, the company has still turned a profit. The comparably meagre $28 million profit is far shy of the $848 million the com...

Read More...
Suncorp results battered by natural hazards costs

Suncorp results battered by natural hazards costs

The cost of natural disasters has proven to be more than Suncorp was prepared for during the first half, with hazards accounting for a dive in the group's profit and earnings. At the end of 2018 Suncorp's reported NPAT was down 44.7 per cent to $250 million. This downturn, from $452 million in 1H18, can be attributed to a numb...

Read More...
Virgin Australia records its strongest H1 earnings in 11 years

Virgin Australia records its strongest H1 earnings in 11 years

Virgin Australia (ASX: VAH) saw its underlying earnings hit $3,071 million during the first half of FY19, an all-time record for the airline, and the strongest result since the 2008 financial year. The company says this result was driven by strong performance in the company's domestic airline business, supported by a stable market, an...

Read More...
Carsales suffers 82% drop in profit thanks to $47m impairment charge

Carsales suffers 82% drop in profit thanks to $47m impairment charge

A $47.8 million impairment charge has seen Carsales.com Ltd's (ASX: CAR) NPAT slide by 82 per cent to $11.1 million in H1 FY19. Tightening regulations by ASIC about car financing appear to be the major cause of Carsales' woes representing yet another casualty of the findings of the banking and finance royal commission. The imp...

Read More...
China's economic slowdown poses a significant threat to Australia

China's economic slowdown poses a significant threat to Australia

China's sudden explosion as an economic powerhouse in the APAC region was once the source of global anxiety, but in 2019 it's the opposite that could cause some problems at home. Industry research company IBISWorld has warned that the decline in growth of China's GDP could have far reaching consequences for Australia's eco...

Read More...
Villa World posts slightly improved profit in challenging market conditions

Villa World posts slightly improved profit in challenging market conditions

Despite a tough property market Villa World (ASX: VLW) has recorded a slightly improved profit at the end of the first half of FY19. The residential house and land developer announced a $17.6 million after tax half year profit, up from $17.3 million at the end of H1 FY18. This was despite sales being down significantly from the same t...

Read More...
Megaport 1H revenue up on the back of continued expansion

Megaport 1H revenue up on the back of continued expansion

Australian data centre business Megaport (ASX: MP1) continued its gradual growth at home and overseas during the first half resulting in a healthy amount of revenue. The company's first half revenue was $15.2 million, an increase of 72 per cent from the same period ending 31 December 2017. Total monthly recurring revenue was also ...

Read More...
Blue Sky in the red in H1

Blue Sky in the red in H1

Restructuring costs, valuation cuts and reimbursements have taken their toll on Blue Sky Alternative Investments' (ASX: BLA) bottom line, with the embattled fund manager anticipating a loss of between $28-32 million for the first half of FY18. And if it weren't for a $50 million convertible note facility from its saviour part...

Read More...
Volt Bank charges up digital deal with Spitfire

Volt Bank charges up digital deal with Spitfire

Within weeks of receiving a major investment from Collection House (ASX: CLH), Australia's newest bank has linked up with Sydney-based Spitfire Corporation to give customers a digital platform for wealth management. Volt Bank, Australia's first new startup to receive a retail bank licence since 1981, will harness Spitfire's te...

Read More...
Pharma group targets China with $10m acquisition of e-commerce players

Pharma group targets China with $10m acquisition of e-commerce players

Star Combo is positioning itself as a major exporter of Australian pharmaceutical products with its $10 million spending spree on China focused e-commerce businesses. The Sydney-based manufacturer and distributor of health, pharmaceutical and beauty products has acquired the businesses of Koala Mall and Austoyou Group. Both businesses...

Read More...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 1487
Mudgeeraba QLD 4213

LoginTell a FriendSign Up to Newsletter