Sydney's top companies 2019 revealed

The sale of Westfield Corporation to French retail conglomerate Unibail-Rodamco last year was always going to create a void in the upper reaches of our list of Sydney's top publicly-listed companies, but who would fill the vacancy? The leading five companies account for almost half of the Top 50's combined market capitalisation of $6...

Medicinal cannabis players see green with new deals

There have been some major cannabis deals done today in the hallowed halls of the Australian Stock Exchange. The two deals are set to increase access for patients looking for medicinal cannabis and improve the quality of medicines being created in Australia. First, Althea (ASX: AGH) has signed a supply and distribution agreement with ...

Zip Co zooms ahead, more than double revenue

The heat is on in the battle between the Australian buy-now pay-later (BNPL) darlings of the ASX, Zip Co (ASX: Z1P) and Afterpay. Zip Co seems to be making some ground on Afterpay with its 1H19 results (the latter has been ahead of Zip Co from day dot). The company reported record revenue during the first half, up 114 per cent to $34....

Webjet flying high on record performance

Flights and hotels comparison service Webjet (ASX: WEB) had a record first half with financial highlights up across the board. The company saw a 42 per cent increase in earnings to $58 million, a 33 per cent increase in revenue to $175.2 million, and a 61 per cent rise in NPAT to $38.3 million. The company's hotel play, WebBeds, c...

Lovisa overcomes drab forecast, but still warns of hardship ahead

When fashion jewellery retailer Lovisa (ASX: LOV) last made headlines in October, it followed a 19.2 per cent share price plummet which former Chairman Michael Kay warned was the beginning of a downward spiral that would last throughout FY19. But today, at the release of the company's half year results, one might call out Kay's pr...

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...

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...

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...

LandMark White suspended from trading after client backlash

LandMark White (ASX: LMW) has been suspended from trading on the ASX as the fallout from the data breach that saw company information leaked onto the dark web for ten days continues to develop. Late last week The Commonwealth Bank, NAB, and ANZ confirmed that they had suspended their contracts with LandMark White in order to investig...

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...

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...

Coincast Media signs international streaming deal

A Perth-based startup specialising in blockchain and cryptocurrency news has secured an agreement that could see one of its programs broadcast in more than 200 countries. International streaming service DIVAN.TV has signed a deal to rebroadcast Season 1 of Coincast TV, the brainchild of Business News Australia Young Entrepreneur of t...

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...

Catch me if you can: Aussie online shopping giant sees sales surge

Major online shopping company Catch Group has announced a massive uptick in sales for the first half of FY19, driven by significant growth in its product range and active customer base. In an announcement of its unaudited results today, the group highlighted 62 per cent growth in gross transaction volume (GTV) to $254 million, including m...

One of Jenny Hutson's lieutenants has pleaded guilty to giving false info to ASIC

Mary-Anne Graves, one of the board members of Wellington Capital involved in Jenny Hutson and G8 Education's failed takeover of Affinity Education, has pleaded guilty before the Brisbane Magistrates' Court. Graves was charged with three counts of giving false or misleading information under oath in June 2016, and today plead guilt...

Goodwill impairment slams Domain results

A $178.8 million non-cash goodwill impairment has dragged Domain's results into a loss during the first half of FY19. The real estate classifieds company recorded first half revenue of $186.3 million, but the impairment charge dragged the company into a net loss after tax result of $156.4 million. Excluding this impairment charge ...

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...

Australia's top online fashion retailers

As demonstrated by Australia's top fashion retailers online is the future of our retail sector. By taking on new technologies, offering customers easy to use payment solutions, and making shopping as accessible as possible, Australian fashion retailers are rethinking what it means to be a store in 2019. In 2018 a number of Austral...

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 ...

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. ...