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Magellan Asset Management appoint Sophia Rahmani as Managing Director
February 15, 2024 10:12 AM AEDT| By Team Kalkine MediaShe will report to the Executive Chairman of Magellan Financial Group Andrew Formica. The Board of MFG intends to appoint Ms Rahmani as Chief Executive Officer of MFG within 12 months of her commencement, at which time it is intended that Mr Formica...
Unemployment rate rises to 4.1 per cent in January
February 15, 2024 09:11 AM AEDT| By Team Kalkine MediaAs per the latest data released today by the Australian Bureau of Statistics (ABS), there has been a marginal increase in the seasonally adjusted unemployment rate, ticking up by 0.1 percentage point to reach 4.1 percent in January. This indicates a...
BHP flags costly impairments on Samarco dam failure and nickel prices
February 15, 2024 07:10 AM AEDT| By Team Kalkine MediaMining giant BHP is currently grappling with significant financial hurdles, as evidenced by the announcement of a substantial $10.3 billion in writedowns. These financial challenges indicate a considerable devaluation or impairment of assets on BHP's...
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The ACCC has outlined concerns with realestate.com.au’s
February 15, 2024 07:05 AM AEDT| By Team Kalkine MediaThe ACCC has outlined preliminary competition concerns with realestate.com.au’s proposed acquisition of Dynamic Methods in a statement of issues published today. The ACCC was not notified of the proposed acquisition and commenced a public review once...
Altium and Renesas Electronics Corporation have entered into a scheme implementation agreement
February 15, 2024 07:00 AM AEDT| By Team Kalkine MediaAltium and Tokyo-based supplier of advanced semiconductor solutions Renesas Electronics Corporation have entered into a scheme implementation agreement for Renesas to acquire 100% of the issued shares in Altium by way of scheme of arrangement....
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ASX to open higher. Altium in talks over takeover bid
February 15, 2024 07:00 AM AEDT| By Team Kalkine MediaThe Australian share market is expecting to open higher this morning. Altium and Renesas Electronics Corporation have entered into a scheme implementation agreement. The ACCC has outlined concerns with realestate.com.au’s proposed acquisition of Dyna...
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AMP Limited today announced Chair Debra Hazelton will retire from the Board
February 14, 2024 07:15 AM AEDT| By Team Kalkine MediaAMP Limited today announced Chair Debra Hazelton will retire from the Board at the conclusion of this year’s Annual General Meeting, to be held on 12 April 2024. AMP Limited Non-executive director Mike Hirst will succeed Ms Hazelton as the new AMP Li...
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Dexus’s statutory net loss after tax was $597.2 million
February 14, 2024 07:10 AM AEDT| By Team Kalkine MediaDexus’s statutory net loss after tax was $597.2 million, compared to a statutory net profit after tax of $23.1 million in HY23. This movement was primarily driven by greater fair valuation losses on investment property compared to HY23, due to capita...
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Downer EDI reports total revenue of $6.0 billion decreased by 1.9% on the prior period.
February 14, 2024 07:05 AM AEDT| By Team Kalkine MediaDowner EDI reports total revenue of $6.0 billion decreased by 1.9% on the prior period. Growth in Rail and Transit Systems in the Transport segment and the Utilities business was offset by the divestment of the Australian Transport Projects...
ASX to open lower. Downer EDI group revenue slips
February 14, 2024 07:00 AM AEDT| By Team Kalkine MediaThe Australian share market is expecting to open lower this morning. Downer EDI reports total revenue of $6.0 billion decreased by 1.9% on the prior period. Dexus’s statutory net loss after tax was $597.2 million. AMP today announced Chair Debra Haze...
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Federal government to criminalise 'Doxxing'
February 13, 2024 09:43 PM AEDT| By Team Kalkine MediaIn a concerning turn of events, pro-Palestine activists have recently taken a distressing step by publicly disclosing the names and personal details of numerous Jewish individuals online. This includes the release of photos and information from their...
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Reliance to buy the Holman Industries business for $160 million
February 13, 2024 09:40 PM AEDT| By Team Kalkine MediaReliance Worldwide Corporation has entered into an agreement to acquire the Holman Industries business for A$160 million from former test cricketer Wally Edwards....
Invaluable Insights QX Resources Managing Director Steve Promnitz on Battery Mineral Exploration
February 13, 2024 09:15 PM AEDT| By Team Kalkine MediaLet’s delve into the dynamic realm of lithium exploration with QX Resources, an ASX-listed company dedicated to exploring and developing battery minerals. In this interview, QXR Managing Director Steve Promnitz will guide us through the company’s exp...
Seven West Media today reported group revenue of $775 million, a decline of 5%.
February 13, 2024 08:14 AM AEDT| By Team Kalkine MediaSeven West Media today reported group revenue of $775 million, a decline of 5% on the previous corresponding period. Earnings before interest, tax, depreciation, and amortisation (EBITDA) were $124 million, which was down 40% versus the previous corr...
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SEEK CEO says, total volumes were similar to FY19 levels
February 13, 2024 08:06 AM AEDT| By Team Kalkine MediaIan Narev, the CEO and Managing Director of SEEK, has indicated that in the Australia and New Zealand (ANZ) business sector, the overall volumes are reported to be comparable to the levels observed in the financial year 2019 (FY19). This statement su...
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Temple & Webster report revenue of $254m for the half, up 23%,
February 13, 2024 08:00 AM AEDT| By Team Kalkine MediaTemple & Webster report revenue of $254m for the half, up 23%, driven by growth in repeat and first-time customers. EBITDA of $7.5m for the half with an EBITDA margin of 2.9%, at the top end of full year guidance....
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ASX to open higher. Temple & Webster revenue up
February 13, 2024 07:00 AM AEDT| By Team Kalkine MediaThe Australian share market is expecting to open higher this morning. Temple & Webster report revenue of $254m for the half, up 23%. Seven West Media today reported group revenue of $775 million, a decline of 5%. SEEK report in the ANZ business, tota...
The Ultimate Crypto Investing Guide Building Wealth in the Stock market Explained
February 12, 2024 09:00 AM AEDT| By Team Kalkine MediaUnlock the Secrets of Crypto Investing with "The Ultimate Crypto Investing Guide: Building Wealth in the Stock Market Explained!"Discover expert insights, strategies, and tips to navigate the crypto landscape and build your wealth. Don't miss out on...
Paramount Plus is offering a deal for subscribers
February 12, 2024 08:52 AM AEDT| By Team Kalkine MediaParamount Plus is enticing new subscribers with an enticing offer—a complimentary one-month trial of Showtime by utilizing the promo code 'JUNE'. This strategic move aims to attract a broader audience by providing a taste of the diverse and premium c...
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JB Hi-Fi report total sales increased by 0.7% to $3.62 billion
February 12, 2024 08:00 AM AEDT| By Team Kalkine MediaJB Hi-Fi report total sales increased by 0.7% to $3.62 billion, with comparable sales up 0.1%, driven by continued customer demand for technology and consumer electronics products, supported by well-executed Black Friday and Boxing Day promotional pe...
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