Origin Energy has officially signed a takeover deal worth $18.7 billion after months of to-ing and fro-ing with international investors. TikTok’s CEO testified before US Congress late last week to put forward his case for TikTok to remain in the US… and it’s right in the balance. Woolworths has bid “adieu”, “au revoir” and “goodbye” off to its international export business after it just didn’t stack up post-COVID. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/f...
Mar 28, 2023•6 min•Transcript available on Metacast Premier Investments, the owner of Peter Alexander and Smiggle, has achieved record sales despite concerns around discretionary spending. Foxtel’s been pretty pleased with the viewership numbers of its sports games early this season - but it may have inflated these numbers by as much as 40 per cent. Deutsche Bank’s share price was hit hard late last week with major fears that it was the next bank in line to collapse. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly...
Mar 27, 2023•6 min•Transcript available on Metacast Afterpay’s owner Block has been accused of fraud by a well known short-seller investor. Cosmetics giant Mecca have got themselves in a prickly pickle - realising they’ve underpaid their staff more than $500,000. Accenture, the tech consulting giant, is cutting 19,000 jobs, approximately 2.5 percent of its global workforce, as demand for its services drops. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/...
Mar 26, 2023•6 min•Transcript available on Metacast One of Australia’s biggest crypto exchanges believes the recent pain in the US banking industry is a giant opportunity for bitcoin. The Federal Reserve, aka the Fed aka, the US central bank, has raised interest rates by 0.25% after a shaky couple of weeks in the banking sector. Netflix hit 1 million US users to its ad-tier just two months after launching, but it's got even bigger plans in its pipeline. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Do...
Mar 23, 2023•6 min•Transcript available on Metacast Woolies is shimmying its way into healthcare through its brand new telehealth platform. Nike has done it again after raising its expected revenue for the full year and growing market share ….thanks to major slip ups from Adidas. Intrepid Travel, one of the largest travel companies in Australia, has had its strongest monthly bookings ever, after a couple of years-to-forget in the travel sector. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download th...
Mar 22, 2023•6 min•Transcript available on Metacast An Australian startup that makes hypnotherapy apps has raised nearly $18 million in an oversubscribed capital raise. Just Cuts, the budget hair stylists across Australia, is making big bucks as shoppers get thrifty. TikTok has partnered with the Major League Soccer to bring exclusive content to the app…despite being required to present to the US congress this week --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http:/...
Mar 21, 2023•6 min•Transcript available on Metacast UBS has agreed to buy its arch rival Credit Suisse in a $3.2 billion USD deal, which was brokered by the Swiss government. Google will no longer sell its smartglasses after they struggled to gain traction, all while Google is looking to cut more costs. Myer is bringing the undercover cops in-store to crack down on theft in-store and recover their margins. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/F...
Mar 20, 2023•6 min•Transcript available on Metacast Global investment bank Credit Suisse is in turmoil after major investors withdrew their investments from the company. Aussie lender Latitude Financial has suffered a major cyberattack, and the data of more than 300,000 customers has been stolen. Luxury watchmaker Rolex is ramping up production of its products big time in order to meet a huge rise in demand --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/...
Mar 19, 2023•6 min•Transcript available on Metacast Xero, the accounting giant, has announced that profitability is its number one focus - and that means major cost cutting on the agenda. Saudi Aramco, the biggest oil company in the world, just claimed the record for the highest-ever-recorded annual profit by a publicly listed company. TikTok is considering splitting from its Chinese parent company, Bytedance, if it can’t come to an agreement with the US soon. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxat...
Mar 16, 2023•6 min•Transcript available on Metacast WeightWatchers has acquired a subscription telehealth platform for $132 million USD to expand into remote prescribing of popular weight loss drugs. Aussies skincare brand, Purely Byron, which was co-founded by model and actor Elsa Pataky, has collapse after less than a year. eBay has seen a huge spike in purchases of exclusive collectibles on its platform despite the experiencing a cost-of-living crunch. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork ...
Mar 15, 2023•6 min•Transcript available on Metacast The US has seen its largest banking failure since 2008 with the collapse of Silicon Valley Bank - the main bank for mature, funded startups globally. The US Congress has promised to make all Silicon Valley Bank customers ‘whole’, meaning none of them will lose a cent after its collapse. The collapse of SVB has caused waves all over the world - including in Australia - and this could create a lasting impact for both businesses startups and banks. --- Build the financial wellbeing of your team wit...
Mar 14, 2023•6 min•Transcript available on Metacast Kmart is launching its home-brand, Anko, onto the world stage - first stop: Canada! A former Apple executive has launched a new cashed up startup, which aims to revolutionise the music industry for artists. Myer is targeting $1 billion in online sales after announcing its best profit result in almost a decade. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play...
Mar 13, 2023•6 min•Transcript available on Metacast News Corp Australia has asked its Australian employees to give ChatGPT a go and thinks that AI can add “high value opportunities” to its business. Toblerone has been forced to remove the design of Swiss Mountains from its packing because of rules about its ‘Swissness’. Amazon has paused plans for its long-awaited new office, which has been four years in the making. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http:...
Mar 09, 2023•6 min•Transcript available on Metacast Altria, the owner of Marlboro cigarettes, has found a new Juul in its nicotine-crown after buying a vaping startup NJOY for $2.7 billion USD. Lego reported its tiniest increase in profit for the last three years, as it starts to face higher costs without increasing its prices. Carsales.com is planning to acquire an additional 40% stake in a Brazilian car-selling platform to grow its ownership of the South American market. --- Build the financial wellbeing of your team with Flux at Work: https://...
Mar 08, 2023•6 min•Transcript available on Metacast The Reserve Bank of Australia has become a 10-timer… after raising interest rates for the 10th meeting in a row. Atlassian, the Australian founded tech giant, has announced it will make 5% of its workforce redundant. TPG Capital, the private equity investor, has purchased just under 18% of Australia’s leading funeral services operator InvoCare and now has a plan to acquire the rest. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app ...
Mar 07, 2023•6 min•Transcript available on Metacast Aussie surf brands Quiksilver and Billabong are expected to be sold this week in a deal estimated to be worth $1.9 billion. There is a “real possibility” of a $10 billion merger between Bank of Queensland and Bendigo & Adelaide Bank according to Citi brokers. Things are looking rosy at Salesforce, which announced a better-than-expected growth in revenue and profit for the fourth quarter. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the ...
Mar 06, 2023•6 min•Transcript available on Metacast The Treasurer says businesses need to justify price rises for customers n, and he warned against corporate gouging too while customers are suffering from cost-of-living pain. Klarna, the BNPL giant, has announced a $1.5b loss.. Just as the company boosts its CEO’s pay by 35%. The hashtag #BoycottHersheys has been spreading on social media over the last week, thanks to a Women’s Day campaign that Hersheys launched. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/f...
Mar 05, 2023•6 min•Transcript available on Metacast Meta, FKA Facebook, has threatened to remove news from its platform if the government doesn’t revoke or amend the current media bargaining laws. TikTok will limit daily screen time for teens under the age of 18 as part of a plan to boost the wellbeing of younger users. Scotts Refrigerated Logistics, one of Australia's largest transport suppliers to Coles and Aldi, has entered voluntary administration. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Dow...
Mar 02, 2023•6 min•Transcript available on Metacast Adore Beauty has announced a double-digit drop in revenue even though it’s been trying to become more and more part of its customers’ daily routine. Snap Inc, owner of Snapchat, is adding an AI feature called “MyAI” to its app in an attempt to grow its 2m premium users. David Jones has continued its upwards trajectory with its profit from the past six months more than tripling. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App ...
Mar 01, 2023•6 min•Transcript available on Metacast Bunnings has announced its biggest category expansion in over 20 years as it launches a whole new section for pet products. ASIC, the corporate watchdog, has taken a super fund to court over greenwashing for the very first time. Pointsbet, the Aussie-born gambling company, has seen its losses balloon to $178m for the past six months as its investment in the US gets more and more exxxy. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free a...
Feb 28, 2023•6 min•Transcript available on Metacast Wendy’s, the American fast food chain, will roll out hundreds of new restaurants in Australia as it plans to grab fast-food market share. Warner Bros. Discovery announced underwhelming results and not even the success of The Last of Us could save them from a $2 billion USD loss. Paramount, the owner of Channel 10, has denied that it will look to shut down the network despite its big drop in market share. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork ...
Feb 27, 2023•6 min•Transcript available on Metacast The retailer behind The Athlete’s Foot, Glue and Hype DC has seen demand for shoes boom over the past six months because of their target market. Block, formerly known as Square, has beaten most expectations for its fourth quarter results and Afterpay has been one of its big hits. YouTube is launching support for multi-language audio tracks, allowing creators to add dubbing to their new and existing videos. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwor...
Feb 26, 2023•6 min•Transcript available on Metacast The owners of Aesop have said they’re willing to put the brand up for sale, or spin it out for a lazy $2.9 billion. Nine Entertainment’s group profit was squeezed in its latest half-year earnings as its growing revenue couldn’t keep up with its jumping growing costs. Following its major cyber attack, Medibank Private has started to recover from its major customer loss last year after its major cyber attack.. But the costs keep adding up. --- Build the financial wellbeing of your team with Flux a...
Feb 23, 2023•6 min•Transcript available on Metacast Domino’s Pizza’s share price dropped over 25% yesterday after their profit margin was squeezed tighter than a lemon on its last drop. Wisetech Global, the Aussie logistics software company, has beaten all expectations, after signing major deals and scoring some major acquisitions too. Coinbase, the major crypto exchange, has had a year from hell after its trading volume collapsed by 50%. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free...
Feb 22, 2023•6 min•Transcript available on Metacast Qantas has promised that these high airfares are not forever and new competition will force them to drop their prices. Hasbro, the toy behemoth behind Monopoly and Jenga, announced some not-so-playful earnings and a couple of painful breakups. TAB has maintained its digital market share for the first time since 2019 - but the macro environment is huurting its business. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): h...
Feb 21, 2023•6 min•Transcript available on Metacast Kmart Group has seen its revenue boom over 20% thanks to a major sales jump in toys, kitchen goods and footwear. Facebook’s parent company Meta is launching a subscription service called Meta Verified, which gives access to a range of perks - for a pretty penny. A2 Milk, the Kiwi milk and formula producer, has seen net profits boom due to its re-emergence in China - but it still faces a challenge over there. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatw...
Feb 20, 2023•6 min•Transcript available on Metacast The owner of Rebel and Supercheap Auto hit record sales for the six months to December, thanks to big demand for suave sporting apparel and car maintenance products. The world’s largest food company, Nestlé, says the price of staple items will rise even more this year. Westpac is kind of freakin’ out because almost half of its home loans were issued using interest rate buffers that were too small for today’s economic environment. --- Build the financial wellbeing of your team with Flux at Work: ...
Feb 19, 2023•6 min•Transcript available on Metacast Telstra has lifted its profit by 25% thanks to Optus handing over customers on silver platter! Airbnb is officially bringing home the bacon after its revenue jumped 24% year over year largely due to its wildcard Experiences. Roblox, the online game platform, has smashed its quarterly earnings because its new games that ain’t just for the kids. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore ...
Feb 16, 2023•6 min•Transcript available on Metacast Treasury Wine Estates, the owner of Penfolds and 19 Crimes, has seen net profit boom by over 70%, but its cheaper brands are still a major red flag. Subway, one of the world’s most well known fast food brands, has confirmed it’s up for sale. Coca Cola will raise the price of its drinks and is blaming the high costs of its raw materials… yet Pepsi is in a price halt. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http...
Feb 15, 2023•6 min•Transcript available on Metacast Temple & Webster, the online furniture retailer, has seen a nearly 50% drop in its net profit as customers become value-conscious. TikTok is looking to put some content behind paywalls in a plan to grow creator revenue and test a new revenue model Ansell Limited, the medical glove company, saw its profit drop over 17% because it’s got too much rubber in its warehouse. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store)...
Feb 14, 2023•6 min•Transcript available on Metacast 
