Qantas is opening its coffers to buy a company named Alliance Aviation for around $614m, and it’s all part of Quanny’s plan to bolster its regional link offerings. NAB is popping the champagne after announcing its earnings are up more than 4%, with the fastest growth in business lending since the 2008 GFC! The US Federal Reserve, which is the American version of our RBA, has increased interest rates by half a percent. That’s the biggest interest rate increase sinc...
May 05, 2022•6 min
Mr Yum, the digital menu and payments company, has acquired Aussie marketing software platform MyGuestList for ‘tens of millions’. Online furniture store Temple & Webster is taking on Bunnings with a new DIY-focused online shop where it will be selling home improvement products. Wordle! - but not the one we all know and love - has been bought by a mobile marketing firm after experiencing some second-hand success. --- Build the financial wellbeing of yo...
May 04, 2022•6 min
The Reserve Bank of Australia has increased the official cash rate by 0.25% to 0.35%. The co-founder of Atlassian, Mike Cannon-Brookes, ain’t finished with AGL. In fact, he’s just bought an 11.3% stake in the company with the plan to vote against its upcoming demerger. Woolworths has recorded an almost 10% jump in sales, and in a big move, the Woolies boss has called for an increase in retail workers’ wages to keep up with rising inflation rates. --- ...
May 03, 2022•6 min
Qantas reckons it’ll return to profitability next financial year - and it’s also snapped up a few Airbuses for new extra extra-long haul flights. Apple has announced one of its best quarters in its 46-year history, despite supply chain issues and booming inflation. Robinhood, the US online trading platform, has reported worse-than-expected losses and shrinking revenue for the first quarter. --- Build the financial wellbeing of your team with Flux at Work: ...
May 02, 2022•6 min
CommBank says it’ll offer cheaper home loans to customers who build green homes in a big push to appeal to younger Australians. Renault, the French car maker, is looking to flog its majority stake in Russia’s biggest car maker to the Russian government for 1 teeny tiny rouble. Twitter is in damage control after advertisers raised concerns that Elon Musk’s focus on free speech could increase toxicity and abuse on the platform. --- Build the financial ...
May 01, 2022•6 min
Coles says consumers can expect prices to keep rising due to inflation, after it reported a sales jump of around 4% for the first 3 months of the year. Pushpay, a major “Church-technology” company, has reportedly received quite a few acquisition offers - sending its shares soaring 24%. Heinz has created a new product called Dip & Crunch after receiving some major inspiration from a one specific TikTok trend. --- Build the financial wellbeing of your te...
Apr 28, 2022•6 min
One of Canva’s most recent investors has slashed the value of its investment in Canva by 30% - after a major drop in the share price of other tech companies. Stake, the Aussie share trading app, brought home $50 million in fresh funding…which it has very promptly added to its war chest. Google’s parent, Alphabet, has reported weak earnings and revenue, as YouTube showed particularly weak results. --- Build the financial wellbeing of your team with F...
Apr 27, 2022•5 min
Twitter has officially been sold to Elon Musk for $44 billion USD and the plan is to take the company private. LVLY, the Aussie flower delivery company, has just been acquired for $35 million. Meta, FKA Facebook, is opening its first ever physical retail space to show people first-hand how to enter the big juicy metaverse. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAp...
Apr 26, 2022•6 min
Netflix may offer a lower-priced version with ads in order to boost revenue as its subscriber numbers drop. Global private equity giant KKR has partnered with a few sovereign wealth and superannuation funds in a $20 billion-plus offer for Ramsay Health Care, Australia’s largest private hospital operator. Tesla’s revenue hit $18.7 billion for the first 3 months of the year, up from last year’s $10 billion - but the company’s still looking at increasing its pr...
Apr 25, 2022•6 min
Regulators are going to green light Australia’s first bitcoin ETF in the coming weeks, with an official launch party expected as early as April 27. Zip Co, the Aussie buy now pay later company, has seen its credit losses increase beyond the company’s target range for the first three months of 2022. Laundry lords Proctor & Gamble has revealed that sales growth is at its strongest in at least 15 years - despite hiking prices. --- Build the financial well...
Apr 21, 2022•6 min
NewsCorp is finalising plans to launch a gambling company in partnership with a group of investors in the industry. Dymocks, the old school bookstore chain, reckons book sales are soaring across the country - and it’s partly thanks to TikTok! Shares in Netflix tanked around 25% after the 'Flix reported that it had lost 200,000 subscribers in the first 3 months of the year. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwor...
Apr 20, 2022•6 min
Twitter has taken a poison pill to stop Elon Musk from taking over the company after he offered shareholders more than US$40 billion for the company. AMP could be flogging its real estate operations to property giant Dexus in a massive $25 billion deal. ANZ, CBA and Westpac’s blockchain startup has copped nearly $13 million in new funding to speed up processing times for bank guarantees. --- Boost the financial wellbeing of your team with Flux at Work: https://b...
Apr 19, 2022•6 min
AGL Energy has inked a deal to charge and discharge a massive, virtual battery…without building it or even owning it. Three major Apple suppliers have had to pause production of iPhones, iPads and Mac computers after Shanghai set some pretty strict COVID lockdowns. Nintendo has combined its two most famous franchises - Wii Sports and the Switch, to make Nintendo Switch Sports. --- Learn more about Flux at Work Sign up to the Flux daily newsletter --- The content in th...
Apr 18, 2022•6 min
The parent company of RM Williams has invested in a plant-based textile company… and this may be a sign that it's planning to make its iconic boots vegan. Warner Media and Discovery have just completed their US$43 billion merger…and they shall forever be known as 'Warner Bros Discovery'. ASOS, the fast fashion retailer saw its first-half profits down a whopping 87%...and it ain’t looking good for the second-half either. --- Learn more about Flux at Work Sign up ...
Apr 13, 2022•6 min
Afterpay has reported its first results under new owner Block, and it was a whopper loss for the first six months of the financial year - $345.5M. Tesla CEO Elon Musk, who is also now the largest shareholder in Twitter, has said ‘no’ to a board seat at Twitter. Aussie ‘hype commerce’ startup EQL (pron: Equal) has raised $25 million to help retailers manage the launch of hyped, in-demand products. --- Learn more about Flux at Work: https://bit.l...
Apr 12, 2022•6 min
Once again, Foxtel’s IPO has been postponed - this time due to concerns around the economic environment, interest rates and international war zones. Westpac claims it is is blocking around 1000 scams per week after releasing its latest anti-scam technology. Levi’s has seen sales climb 22% thanks to its post-covid strategy of going direct-to-consumer via online and new physical stores. --- Learn more about Flux at Work: https://bit.ly/fluxatwork --- ...
Apr 11, 2022•6 min
Amazon Australia is launching same-day delivery in Sydney and Melbourne by expanding its logistics network - and finally we’re catching up the US. Mecca, the giant Aussie beauty retailer, is making a massive play for the Chinese market with a major focus on ‘live-selling’. Tata Group, the 154 year-old Indian behemoth, is planning to launch a super-app in India that will bring together 12 brands to take on Amazon. --- Daily newsletter: https://bit.ly/...
Apr 10, 2022•6 min
Hundreds of Coles-branded products will be sold on the shelves of Singapore’s biggest supermarket chain after a new multimillion-dollar deal. Telstra has turned on a new scam filter, which is aiming to prevent Aussies from being hit with millions of dodgy text messages and scams. The first crypto product to be offered by an Aussie bank to consumers is facing regulatory delays, as the corporate regulator puts the microscope on old CommBank. --- Download the free ...
Apr 07, 2022•6 min
Super funds Australian Ethical and Christian Super are in talks to merge and create the second biggest ethical super fund in Australia. Fast, a seriously-hyped one-click checkout startup, which raised $130m just last year, has announced it is shutting down after burning through all its money. Starbucks’ OG CEO Howard Schultz has officially triple-dipped - he’s returning to the CEO position at Starbucks for the third time after internal issues at the company. --- ...
Apr 06, 2022•6 min
The CEO of Tesla, Elon Musk, has acquired a 9% stake in Twitter to become its largest shareholder - and as a result the company has seen its share price rocket. AustralianSuper will jointly buy the telco infrastructure firm Axicom for $3.58B - as it seeks to cash-in on the increase in demand for mobile connectivity. The owner of David Jones, and the Country Road Group, has denied the wave of speculation that it is planning to exit Australia. --- Download the free app ...
Apr 05, 2022•6 min
Amazon Prime Video’s Aussie division is not ruling out making a play for the next 3 Olympics when the tender rights open up later this year. Domain, the Aussie real estate listings site, is acquiring a real estate campaign management platform named Realbase for at least $180M. Regulators are investigating a possible insider trading incident at gaming behemoth Activision, which happened just before Microsoft’s US$69 billion takeover of the company. --- Down...
Apr 04, 2022•6 min
TabCorp and Tatts, the betting and lotto companies, are finalising the paperwork to BREAK UP after merging just 5 years ago. Pop star Lizzo has turned from Good-As-Hell music superstar to shape-shifting business-women with her new shapewear brand. Waymo, the self-driving car company, says fully driverless rides are coming to San Francisco - taking us one step closer to never having to drive again. --- Download the free app (App Store): http://bit.ly/FluxAppStore Downl...
Apr 03, 2022•6 min
Westpac employees will be free to talk about their pay packets - to friends, family, colleagues - after Westpac dumped its salary secrecy clause. Sneaker brand New Balance wants to remind buyers that the shoes are Made In America - and it's part advertising, part necessity. Qantas shared how it plans to meet its 2050 net-zero emissions target, and it could involve carbon farming in WA. --- Download the free app (App Store): http://bit.ly/FluxAppStore Download the free...
Mar 31, 2022•6 min
Aussie mining giant Fortescue has inked a new deal with German energy company E.ON to replace Russian gas with Australian green hydrogen. Australian venture investor Blackbird Ventures is raising $1 billion from investors to find and back the next Canva. Sony is launching a new PlayStation subscription service, as gaming companies strive to replicate the success of TV and movie streaming. --- Download the free app (App Store): http://bit.ly/FluxAppStore Download the f...
Mar 30, 2022•6 min
The Treasurer has dropped the mic on the 2022/2023 election budget, and the key theme is the rising cost of living. Apple TV+ is celebrating its win of Best Picture at the Academy Awards, and in bad news for Netflix, it has become the first streaming service to win the top gong. Tesla tweeted it will perform another ‘stock split’ - and shortly after the tweet, it added $112 billion to its valuation. --- Download the free app (App Store): http://bit.ly/Flux...
Mar 29, 2022•6 min
The CEO of the Star Entertainment Group has resigned following revelations of widespread misconduct at the casino. Stripe, the world’s most valuable private 'fintech', is seeking new banking partners in Australia so it can extend its payments services into loans and bank accounts. Customer management company HubSpot has created a platform to produce podcasts, and creators who participate will get a monthly payment. --- Download the free app (App Store): http://b...
Mar 28, 2022•6 min
TikTok has committed to removing damaging political misinformation in lead up to the Australian federal election. Several parties are said to be interesting in buying the regional TV assets of Southern Cross Austereo, the owner of Hit, Triple M and LiSTNR. Uber has struck a landmark deal with yellow taxis in New York, as the company strives to integrate itself with every taxi in the world. --- Daily newsletter: https://bit.ly/fluxnewsletter Download the free app (App ...
Mar 27, 2022•6 min
ANZ Bank has created a ‘stablecoin’ that’s pegged to the Australian dollar, in a milestone for Australia's digital economy. Telstra says it’ll plant 158,000 trees via drones to rack up carbon credits and offset its greenhouse gas emissions. YouTube taking another big step into the TV space after announcing it will stream more than 4,000 TV shows for free, beginning in the US. --- Download the free app (App Store): http://bit.ly/FluxAppStore Dow...
Mar 24, 2022•6 min
Foxtel has extended its deal to broadcast Formula 1, and the deal is said to be worth between $40 and 45 million a year. The ACCC is suing Meta, the owner of Facebook, and they’re alleging it knowingly ran ads for crypto scams featuring Australian celebrities. Yuga Labs, the company behind the Bored Ape Yacht Club NFTs, is at it again - they’ve raised $450 million USD for their seed round. --- Download the free app (App Store): http://bit.ly/FluxAppStore D...
Mar 23, 2022•6 min
Baby formula producer Bubs is launching a ‘supreme’ premium range (for the boujee babies out there), and it sent shares tumbling for rival A2 Milk. Qantas is going to sell NFTs featuring its historic aircrafts later this year, and it’ll offer frequent-flyer points to buyers. Dating company Match Group is launching its latest app, designed exclusively for single parents. --- Download the free app (App Store): http://bit.ly/FluxAppStore Download the fr...
Mar 22, 2022•6 min
