Tag: shares
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Premier Investments confirms stake in Myer
Premier Investments has been announced as the largest stakeholder for the retail giant Myer. In a statement to the ASX, Premier Investments confirmed that it has bought a 10% stake in the retailer, after much speculation over who had bought the shares. “Premier Investments Limited has made a strategic investment of 10.77% in Myer Holdings…
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ASIC is reviewing Harvey Norman’s accounts
Retail giant Harvey Norman is having its accounts reviewed by the Australian Securities and Investments Commission (ASIC) as part of its financial reporting surveillance program. In an statement made to the Australian Stock Exchange, Harvey Norman disclosed that they were having their accounts reviewed by the corporate regulator. The announcement was made after the Australian Financial Review (AFR)…
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Snapchat shares hit an all-time low
Shares in Snapchat’s parent company, Snap Inc, have reached the lowest point since the company was publicly listed on 2 March. The all-time low of $20.50 is due to investor concerns about slowing user growth and a lack of profit. The company’s stock has mostly fallen since the Initial Public Offering of $24.48. Snap Inc…
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Snapchat files for IPO
Snap Inc, the parent company of Snapchat, has recently filed a confidential initial public offering (IPO). Reuters reported that Evan Spiegel’s company could go public as soon as March. The social networking platform, which is valued at $20-25 billion, will be a step closer to the biggest U.S. stock market debut since 2014. Latest reports from…
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Will Dreamworld ever open again after four die on ride?
Yesterday afternoon, four Dreamworld visitors died on the Thunder River Rapids after a raft capsized. Unfortunately, the malfunction caused two people to be flung clear of the raft into the water, while the other two were trapped under the conveyer belt. Brother and sister, Kate Goodchild and Luke Dorsett, his partner, Roozi Araghi and a fourth woman…
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Facebook smashes second quarter earnings
According to Business Insider, Facebook just smashed its 2nd quarter earnings for April to June. The company delivered a 59% increase that blew past Wall Street targets and sent its shares rocketing up 8% to a new all time high. Facebook has however cautioned investors that it doesn’t expect as much growth in the coming quarters,…
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Domino’s Pizza Delivers Increased Profits
This morning, Domino’s Pizza Enterprises has lifted its full-year earnings targets after posting record profit gains with half-year earnings rising more than 50 per cent. The pizza company delivered a net profit of $43.3 million in the first half of fiscal 2016, up 56.7 per cent from the $29.1 million recorded last year. They have…