Tag: Stocks
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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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Hopeful market as AUD and ASX rise
Australian traders will be feeling positive this morning as the Australian dollar climbs in early trade. The AUD now buys 0.7437 US cents, which represents a 0.09% increase on Friday’s closing price. The stronger performance of Australia’s key export commodities has helped to augment this rise, in particular iron ore. This week Australia’s largest export…
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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…
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Is Twitter on a Path Towards Obsolescence?
As new platforms and technologies emerge, older platforms are forced to evolve and diversify; or face being left in their wake. Twitter, a platform that so recently seemed essential (think The Twitter Revolution) might be heading (incrementally) towards obsolescence as alternate apps such as Snapchat, WhatsApp and Instagram take centre stage. What initially made Twitter so…