LA Private

June 27, 2023

Qantas confident as cost of living pressures fail to dampen travel demand

Cost of living pressures have not dampened the travel industry, according to Qantas (ASX: QAN), as the airline reassures investors that its earnings remain unaffected by rising household bills and higher interest rates. Qantas has reported that its domestic capacity has returned to pre-pandemic levels, with 11 new international routes added since mid-May to meet

Qantas confident as cost of living pressures fail to dampen travel demand Read More »

Australia Post CEO Paul Graham highlights weakness in parcel volumes as rising interest rates impact

Australia Post CEO Paul Graham has observed a weakening trend in parcel delivery volumes as consumers tighten their belts in response to rising interest rates and cost of living pressures. Graham noted that shoppers are seeking to stretch their dollars further by looking for discounts and trading down when shopping online. While he remains optimistic

Australia Post CEO Paul Graham highlights weakness in parcel volumes as rising interest rates impact Read More »

Medibank ordered to hold $250m in capital as cyber weaknesses expand

Australia’s largest health insurer, Medibank (ASX:MPL), has been instructed by the prudential regulator to increase its capital adequacy by $250 million and undergo a targeted technology review following the fallout from the country’s largest data breach. The move comes as the insurer faces consumer class action lawsuits stemming from the October 2022 cyber incident that

Medibank ordered to hold $250m in capital as cyber weaknesses expand Read More »

Gina Rinehart makes inroads into British beef market with Australia-UK free trade deal

Australian billionaire businesswoman Gina Rinehart, through Hancock Agriculture (ASX:HAN), has seized the opportunity presented by the recently signed Australia-UK free trade deal to enter the British beef market. Rinehart introduced her premium beef products, including the renowned wagyu product called 2GR, from Hancock Agriculture and three new high-quality meats from S. Kidman farms (ASX:KID). Emphasising

Gina Rinehart makes inroads into British beef market with Australia-UK free trade deal Read More »

Australian recession Q&A – Why the worry? What’s the risk? And what would it mean for investors?

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the possible recession. Key pointsThe risk of recession globally and in Australia has increased with ongoing central bank rate hikes.Signs of faster wages growth has seen the RBA turn more hawkish. The risk of recession here is now around 50%.Recession would mean

Australian recession Q&A – Why the worry? What’s the risk? And what would it mean for investors? Read More »

Bega warns of potential $180 million impairment due to rising dairy prices

Bega Group (ASX: BGA), Australia’s largest locally owned food group, has issued a warning stating that escalating dairy prices could result in a substantial non-cash impairment of up to $180 million. This impairment is expected to push the company into a statutory loss for the year ending on June 30. In an announcement made to

Bega warns of potential $180 million impairment due to rising dairy prices Read More »