Nick Scali blames difficult trading conditions for slashed profit guidance

Australian retail trading conditions have been named as the reason behind Nick Scali's (ASX: NCK) latest profit downgrade. Citing "difficult trading conditions", listed furniture retailer Nick Scali has downgraded its 1H20 NPAT from $25 million to $17-$19 million. The gro...

Nick Scali blames difficult trading conditions for slashed profit guidance
IMF Bentham to buy European litigation funder for $141m
IMF Bentham to buy European litigation funder for $141m

An Australian group that has funded class actions against the likes of National Australia Bank (ASX: NAB), Sirtex ...

Retail Food Group upsizes capital raise
Retail Food Group upsizes capital raise

Embattled food franchisor behind brands like Donut King, Michel's Patisserie, and Gloria Jean's, Retail Fo...

New manager talks delayed at Blue Sky Alternatives Access Fund
New manager talks delayed at Blue Sky Alternatives Access Fund

Attempts by the Blue Sky Alternatives Access Fund (ASX: BAF) to extricate itself from current management have hit ...

Nicholas Bolton bolstered in battle for Keybridge
Nicholas Bolton bolstered in battle for Keybridge

The company has been in a tug-of-war of late, but now it is clear that Australian Style Group's Nicholas ...

Five things to consider when reviewing your EOM reporting process
Five things to consider when reviewing your EOM reporting process

Improving financial performance management can be an ongoing challenge for businesses. Regardless of the size ...

The rise and fall of Blue Sky: A timeline from ASX powerhouse to pariah
The rise and fall of Blue Sky: A timeline from ASX powerhouse to pariah

Fund manager Blue Sky Alternative Investments (ASX: BLA) ended its 7.5-year run on the ASX after going into receiv...

HomeCo $325m IPO to ramp up shopping centre footprint
HomeCo $325m IPO to ramp up shopping centre footprint

The group that snapped up Woolworths' (ASX: WOW) Masters stores three years ago for $800 million is now an ASX...

Retail Food Group to raise $150 million
Retail Food Group to raise $150 million

Embattled food franchisor behind brands like Gloria Jean's, Donut King, and Michel's Patisserie, Retail Fo...

APN Convenience REIT to scoop up 13 service stations for $75 million
APN Convenience REIT to scoop up 13 service stations for $75 million

Service station operator APN Convenience REIT (ASX: AQR) is poised to expand its portfolio of properties with a pr...

Fastbrick Australia enters into strategic partnership with WA home builder
Fastbrick Australia enters into strategic partnership with WA home builder

Robotic wall building company FBR Australia (ASX: FBR) has announced its latest play in Western Australia, partner...

Instyle Solar announces power play with League legend Johnathan Thurston
Instyle Solar announces power play with League legend Johnathan Thurston

Rugby league legend Johnathan Thurston (pictured left) has come on board with leading Australian solar company, In...

Orora to sell fibre business to Nippon for $1.7 billion
Orora to sell fibre business to Nippon for $1.7 billion

Shares in packaging company Orora (ASX: ORA) have surged 19 per cent this morning after the Melbourne-based g...

Former Future Care owners serve Smiles Inclusive with statutory demand
Former Future Care owners serve Smiles Inclusive with statutory demand

Just one day after law firm Holding Redlich confirmed it had agreed to lead a class action process against Smiles ...

Holding Redlich to lead class action against Smiles Inclusive
Holding Redlich to lead class action against Smiles Inclusive

Law firm Holding Redlich has confirmed the process is underway for a class action against embattled Gold Coast-bas...

Rural Funds lays cards on the table over contested property valuations
Rural Funds lays cards on the table over contested property valuations

Besieged agricultural land owner Rural Funds (ASX: RFF) has released farm-by-farm property valuations as it seeks ...

Companies

Nick Scali blames difficult trading conditions for slashed profit guidance
Nick Scali blames difficult trading conditions for slashed profit guidance

Australian retail trading conditions have been named as the reason behind Nick Scali's (ASX: NCK) latest profi...

Property

Fastbrick Australia enters into strategic partnership with WA home builder
Fastbrick Australia enters into strategic partnership with WA home builder

Robotic wall building company FBR Australia (ASX: FBR) has announced its latest play in Western Australia, partner...

Opinion

From printers to fish tanks: how cybercriminals are finding backdoors to hack into our businesses
From printers to fish tanks: how cybercriminals are finding backdoors to hack into our businesses

'Brute-force cyber attacks' powered by artificial intelligence are hacking into businesses at a rate of mo...

Leadership

Suncorp names new CEO
Suncorp names new CEO

Long-term Suncorp (ASX: SUN) employee Steve Johnston (pictured) has been named as the new CEO and managing directo...

Entrepreneurship

Zero Co launches campaign to get Australians to ditch single-use plastics
Zero Co launches campaign to get Australians to ditch single-use plastics

High profile Aussies and sophisticated investors are backing a new eco-startup that's getting us to go zero. ...

Technology

Five things to consider when reviewing your EOM reporting process
Five things to consider when reviewing your EOM reporting process

Improving financial performance management can be an ongoing challenge for businesses. Regardless of the size ...

IMF Bentham to buy European litigation funder for $141m
IMF Bentham to buy European litigation funder for $141m

An Australian group that has funded class actions against the likes of National Australia Bank (ASX: NAB), Sirtex ...

Finance

Silver Chef takeover heats up as Blue Stamp demonstrates its worth
Silver Chef takeover heats up as Blue Stamp demonstrates its worth

The battle for the heart of Silver Chef (ASX: SIV) is fast becoming an episode of The Bachelor, with the company...

Marketing

Instyle Solar announces power play with League legend Johnathan Thurston
Instyle Solar announces power play with League legend Johnathan Thurston

Rugby league legend Johnathan Thurston (pictured left) has come on board with leading Australian solar company, In...

Executive Lifestyle

Being busy does not mean being unhealthy: Top tips for businessmen and women
Being busy does not mean being unhealthy: Top tips for businessmen and women

As the saying goes, 'if you do not make time for your wellness, you will be forced to make time for your illne...

Conference And Events

The best Christmas party venues, all in one place
The best Christmas party venues, all in one place

Your staff have worked hard all year and deserve to party. Here's how you can make their end of year celebrati...

Video

Adelaide robo-welders K-TIG list on the ASX
Adelaide robo-welders K-TIG list on the ASX

Following an oversubscribed $7 million capital raise Adelaide-based disruptors K-TIG have listed on the ASX under ...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 1487
Mudgeeraba QLD 4213

LoginTell a FriendSign Up to Newsletter