Market News

The Australian Competition and Consumer Commission (ACCC) has initiated legal proceedings against Qantas (ASX:QAN) in the Federal Court, alleging violations of consumer protection laws related to its handling of cancelled flights and lack of communication with affected passengers. According to the consumer and competition regulator, Qantas sold tickets on its website for over 8,000 domestic […]

Healthia (ASX:HLA) entered into a Scheme Implementation Deed with Pacific Equity Partners, to acquire 100% of the fully diluted share capital in Healthia for $1.80 per share. In response, Chairman, Dr Glen Richards, said “In the Healthia Board’s view, the all-cash price at a significant premium to Healthia’s recent share price reflects the inherent value

China’s non-manufacturing PMI, which relates to the services and construction sectors, has experienced a decline of 0.5 points, reaching a value of 51.0. This marks the fifth consecutive monthly decrease, in contrast to the reading of 51.5 observed in July. At noon, the S&P/ASX 200 is 0.01 per cent higher at 7,298.30. The SPI futures

Flight Centre (ASX:FLT) shares experienced a nearly 3% decline at one point yesterday, despite the company unveiling a better-than-expected performance for 2022-23 as travel rebounded to pre-pandemic levels across most markets in Australia and internationally. Even the distribution of the first dividend payment to shareholders in four years failed to enthuse investors, although this may

Chalice Mining (ASX:CHN) witnessed a 25% drop in shares on Wednesday as short-term investors and speculators reacted to the initial cost estimates of the Gonneville critical minerals project near Perth, ranging from $1.6 billion to $2.3 billion. Additionally, concerns arose regarding the scoping study’s overly optimistic assumptions about metal prices. Whether due to these factors

July’s inflation data showcased significant differences between the headline rate and the core reading, leading to contrasting market reactions as both figures experienced declines. While the headline rate’s drop was pronounced, the minor dip in the core measurement garnered less attention. The market focused on the more substantial decline in the headline rate, which fell

On Wednesday, Brambles (ASX:BXB) shares soared to a 52-week high of $15.22, driven by robust financial results and a positive outlook for 2023-24 from the global logistics leader. Following a more promising performance for 2022-23 than initially perceived, the company’s shares surged by over 7%. The market responded favorably to Brambles’ decision to raise its

The S&P 500 advanced Wednesday for a four-day winning streak, as investors assess new US economic data. The broad-market index climbed 0.38 per cent, surpassing the 4,500 level, to close at 4,514.87. The Dow Jones Industrial Average added 37.57 points or 0.11 per cent, to finish the session at 34,890.24. The tech-heavy Nasdaq Composite advanced

James Brennan – CEO – Linius Technologies (ASX:LNU) allows audiences to choose the exact video moments they wish to see and instantly create personalised video compilations. Every sports moment has a fan. Every teaching and learning moment has a student. And every business meeting has moments that matter. Linius elevates the educational, information, and entertainment

icetana Limited (ASX:ICE) Non-Executive Chair Matt Macfarlane discusses his transition from the CEO role, the company’s artificial intelligence solution, annual recurring revenue growth, and the recent contract secured with the Sydney Opera House. Paul Sanger: Today, we’re talking to icetana (ASX:ICE). They have a market cap of around $10m. icetana is a global SaaS software