Liontown Resources, the Australian lithium miner, has received a sweetened $6.6 billion acquisition offer… which its board recommends accepting. APRA has come down hard on Australian super funds after they were too slow to revalue tech companies, including Canva. Hilton Worldwide’s Australian arm is facing off with the ATO over alleged unpaid taxes. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppSt...
Sep 04, 2023•6 min
Australia Post has just announced a $200 million loss and now it’s turning to the government for a potential bailout. JBL has released a new range of smart speaker with a major development - it has both Amazon's Alexa and Google Assistant inside it. Chris Hemsworth’s fitness app Centr is facing serious negative reviews after staff lay-offs… and major bugs. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/Fl...
Sep 03, 2023•6 min
Qantas is in the firing line after the ACCC alleged it sold tickets for flights it had already cancelled. The party is over for Harvey Norman after it suffered a major profit decline.. Because consumers just ain’t spending like they used to. Lego is continuing to grow its market share despite other toymakers struggling with declining sales. — 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 Downl...
Aug 31, 2023•6 min
Flight Centre has seen its sales return to their second-highest level ever… but the secret is all in the boomers. OnlyFans, the subscription platform for adult content, has reported revenues of over $1 billion for the 12 months ending November 2022. France is paying their farmers millions to destroy surplus wine from this season. — 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 fre...
Aug 30, 2023•6 min
Fortescue, one of Australia’s largest mining companies, has reported an $8.5 billion net profit for the year.. and its CEO of 6 months will be stepping down. OpenAI has announced plans to roll out ChatGPT Enterprise so that businesses can interact with AI.. with private data. Brazilian cosmetic group, Natura & Co is considering selling The Body Shop as sales continue to decline. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (A...
Aug 29, 2023•6 min
Rolex has acquired one of the world’s most exclusive watch and jewellery retailers, Bucherer, for an estimated $7 billion USD. Tabcorp has been reborn post-demerger with a $66m profit that beat all market expectations. Appen, the Australian AI tech company, has seen its shares drop almost 30% after they claimed they’re in a “challenging external environment”. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly...
Aug 29, 2023•6 min
Wesfarmers has seen its full year sales jump to over $43 billion thanks to its two favourite kiddies, Kmart and Bunnings Subway has been sold after 60 years to a private equity giant for nearly $10 billion USD Fashion retailer Shein has announced a new partnership with Forever 21 as both outlets look to amp up their customer reach — 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 fr...
Aug 27, 2023•6 min
Qantas has skyrocketed to new heights, well above the pandemic clouds, with a record annual profit near $2.5 billion. Nine Entertainment has seen copped a 38% fall in its net profit after ads on TV are plummeting. Nvidia, the computer chip maker has reeled in a massive $20.8 billion USD in quarterly revenue, as demand soars for their AI chips. — 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 Do...
Aug 24, 2023•6 min
Woolworths has announced a $1.6 billion profit and it’s largely thanks to their growing profit margin. Wisetech, the Australian logistics software company, has seen its share price drop more than 20% after its profit margin fell waaaay more than expected. Domino’s Pizza has seen its pizza sales whacked after rising prices last year.. But now its CEO promises no more! — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http:...
Aug 23, 2023•6 min
The share price of Coles’ had its biggest single-day loss since March 2020 after its full year profit dropped faster than a carton of eggs in a crowded supermarket. Collins Foods, owner of 40% of Australia’s KFC outlets, has had a winning year, but the big question is, will they keep their momentum with cost of living pressures rising? Arm, the chip designer in 99% of smartphones, is planning to IPO in the US and this could become one of Softbank’s major winners. — Build the financial wellbeing ...
Aug 22, 2023•6 min
The owner of Peter Alexander and Smiggle has announced a nearly 10% increase in sales.. And on that note, the CEO is stepping down. A2 Milk has reported growth for the past 12 months, but investors are concerned whether there’s more milk to give. Estee Lauder’s makeup can’t even cover up the holes in its annual sales and profit which have fallen well below its forecasts . — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): ...
Aug 21, 2023•6 min
F45 will delist from the New York Stock Exchange after its share price dropped over 99%... and they failed to benchpress their financial reports on time. Spotify considered banning new uploads of white noise podcasts after it was dominating the algorithms. CommBank has gone on the offensive with a plan to take on payment companies and other big banks with new payment product… Powerboard. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free a...
Aug 20, 2023•6 min
Endeavour Group has seen its net profit jump over 7% off the back of its success with Dan Murphy’s membership program. Origin Energy has rebounded with $1 billion profit after a year of instability in electricity prices. Roblox, the online gaming platform, will let its users turn into creators and sell “full avatar bodies and standalone heads” to make dollars. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.l...
Aug 17, 2023•6 min
Temple and Webster is using AI to jazz up its online shopping experience and grow sales as consumers tighten wallets. An electric car maker called VinFast Auto just listed on the Nasdaq and its valuation soared past General Motors and Mercedes Benz in just one day. Life360, the ASX-listed human-tracking app, has seen its subscription revenue boom year on year…despite an overall tech slowdown. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the f...
Aug 16, 2023•6 min
NAB has raked in cash earnings of $1.9 billion over the past 3 months and will now do a whoppin’ share buyback Australia Post will start offering next-day delivery services in metro areas to keep up with consumer demands…and Amazon Monday.com, the project management software, has seen its revenue jump 42% over the past 3 months to over $175 million USD — 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...
Aug 15, 2023•6 min
The Matilda’s quarter final match on Saturday night smashed records to become biggest TV sports program in a decade… and a massive winner for Channel 7. JB Hi Fi has seen its profits slide in its full year financial results - but gaming and mobile phones are still the winners. Hopin, the multi-billion dollar virtual events company, has sold its Events and Sessions business units for a measly $15 million. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Do...
Aug 14, 2023•6 min
Cettire, the ASX-listed luxury e-commerce brand, has seen its gross revenue grow by 87% over the past 12 months. NewsCorp saw their profit drop by 75% over the past 12 months and now it’s its taken the scissors out to start cutting left, right and centre. The owner of retail brands Coach and Kate Spade is acquiring Versace, Michael Kors and Jimmy Choo in a $13 billion mega-deal. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App S...
Aug 13, 2023•6 min
AGL Energy has been hit with a $1.3 billion loss after a tough year in the energy sector… but there’s a silver lining to this story. WeWork has seen its share price drop nearly 99% since it IPO’d, and now they’ve warned of a “substantial doubt” of even staying in business. Barstool Sports, the US digital media company, has been sold back to its founder for $1 just months after he sold it for $550m USD. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Down...
Aug 10, 2023•6 min
CommBank has posted a full-year profit of more than $10 billion and will buy back up to $1 billion worth of shares. Invocare, Australia’s largest funerals group, has endorsed a $1.8 billion acquisition by a private equity giant. Disney has created a new task-force to deep dive into AI and cut down their costs. — 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):...
Aug 09, 2023•6 min
Myer has experienced a major slowdown in sales since January, but has still seen its sales jump double-digits since last year. Paramount Global has palmed off publisher Simon & Schuster to a private equity giant for more than $1.6 billion USD. Canva’s latest valuation has hit $25.5bn USD as its early investors sell down.. But it gears up towards an IPO in the US. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http:...
Aug 08, 2023•6 min
Free-to-air TV executives are lobbying the government for better visibility of their apps on Smart TV. MrBeast is suing the ghost kitchen that makes his MrBeast Burger after some serious quality-control issues. Apple officially has reached more than 1 billion paying subscribers… and that’s just for its services business. — 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 (Go...
Aug 07, 2023•6 min
The ACCC has officially rejected the $4.9 billion ANZ-Suncorp merger.. But ANZ says this one ain’t over yet. eToro, the major online investment platform, is being sued by ASIC over their financial betting products. Nintendo has hit its highest first-quarter profit on record after the Legend of Zelda game took it to new heights. — 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 ...
Aug 06, 2023•6 min
Seafolly, the Australian bikini label, has been sold for $70 million to a new buyer after a rollercoaster decade. Uber has announced its first global operating profit for a quarter ever and now it plans to take on more industries..again. Pokemon has released a new Pokemon Sleep app… and it is pumping its way up the App Store charts as the app tries to gamify wellness. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http...
Aug 03, 2023•6 min
Rio Tinto says that China has pretty much maxxed out on its steel production so now it needs to find new buyers for iron ore. Birkenstock is riding the Barbie wave as it prepares to IPO as soon as September at a value of more than $12 billion bucks. TPG Telecom, the major telco and IT company, has received a $6.3 billion bid to sell some of its fibre assets. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/...
Aug 02, 2023•6 min
The Reserve Bank of Australia has put rates on hold for another month in a good sign for borrowers…but it warned it may not be done for good. Bondi Sands, the Australian self-tanner and skincare brand, has been acquired by a major Japanese retailer for $450 million. Foxtel is planning to launch a top-secret brand.. Which is currently called “Project Magneto” to boost their revenues and differentiate itself in the very saturated streaming industry. — Build the financial wellbeing of your team wit...
Aug 01, 2023•6 min
Luxury Escapes, the online Aussie travel company, has jumped into physical retail head-first by opening what some describe as the largest travel store in the world Medical diagnostics company Atomo has gone through a major pivot from producing Covid RAT tests to… pregnancy tests. Hermes has bucked the trend of the luxury industry by announcing a big boost in its sales and profits over the past 6 months — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Down...
Jul 31, 2023•6 min
Prospa, the small business lender, has seen its revenue jump by more than 60%... buuuut it’s share price still dropped by more than 10%. McDonald’s plans to launch a spinoff restaurant chain in 2024 and it will be named after an old-school McDonald’s character called CosMc’s. The owner of Gucci has just acquired a 30% stake in Italian fashion label Valentino for a lazy 1.7 billion euros. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free a...
Jul 30, 2023•6 min
Zimmermann, Sydney-based fashion label, has received an acquisition offer that values the company at $1.75 billion dollars. Meta, formerly known as Facebook, is slowly but surely gaining back investor trust after a major surge in ad revenue in its second quarter earnings. Chatime, the Bubbletea franchise, is bracing for the closure of some of their Australian outlets after struggling with some loss-making stores. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/flux...
Jul 27, 2023•6 min
Origin Energy is looking to build major-scale batteries across Australia to capitalise on volatility in the energy sector. WorldCoin, a new cryptocurrency created by the founder of Open AI, has just handed out millions of dollars in the currency in exchange for irises. Spotify has released underwhelming second-quarter results and its shares dropped 14%.. aaand it’s got an unpopular solution to this problem. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork...
Jul 26, 2023•6 min
Kmart and Target are merging to form a $10 billion behemoth, under the Wesfarmers roof. After 17 years, Twitter has officially said “bye bye birdie” as it changes its logo from the blue and white bird to a big, fat ‘X’. A Saudi Arabian soccer team has made an enormous €300 million bid for French star, Kylian Mbappe, which could pair him with Cristiano Ronaldo. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.l...
Jul 25, 2023•6 min
