August 10, 2023

Furniture retail giant Nick Scali (ASX:NCK) has exceeded market expectations by achieving a remarkable 26.1% increase in net profit for the full fiscal year, reaching a total of $101.1 million. This success has been attributed to the company’s enhanced delivery services to customers and the strategic inclusion of the Plush-Think Sofas business, both of which […]

Chinese e-commerce giant Alibaba has unveiled an unexpected surge of 14 percent in year-on-year quarterly sales, defying recent economic challenges and deflationary pressures. As a pivotal player in China’s expansive digital economy and the operator of a prominent online shopping platform, Alibaba’s performance has come to symbolise the pulse of domestic consumption, which has shown

Tapestry, the US-based parent company of lifestyle brands Coach and Kate Spade, is set to acquire the parent company of Versace and Michael Kors, Capri, in a momentous US$8.5 billion takeover, giving rise to a new global fashion behemoth poised to challenge European fashion giants. In response to the acquisition announcement, Capri’s shares experienced a

The Dow Jones Industrial Average edged higher Thursday, after the July consumer prices gained 3.2 per cent on an annual basis, less than the 3.3 per cent consensus from economists polled by Dow Jones. On a month-to-month basis, inflation increased 0.2 per cent, in-line with estimates. The report also said real average weekly earnings were

The ASX experienced an increase in value by the end of the trading day, driven by rises in Australian energy stocks. This was primarily due to gains in US oil and European gas prices. These gains managed to offset losses in the technology sector, leading to an overall positive outcome for the sharemarket by the

The S&P/ASX 200 is trading 0.12 per cent higher at 7,346.70. The SPI futures have risen by 11 points. The Energy sector stands as the best performer, up by 2.37 per cent, after the overnight news of European gas surging by 40 per cent amid the possibility that Chevron and Woodside workers will strike, highlighting

European natural gas prices surged by nearly 40% on Wednesday, driven by concerns over potential disruptions in global liquefied natural gas (LNG) supply from Australia. Prices on the Title Transfer Facility, the European benchmark, soared to over €43 per megawatt hour, a significant increase from the previous day’s nearly €30, marking the highest level since

At noon, the S&P/ASX 200 is 0.01 per cent lower at 7,337.10. The energy sector is outperforming other sectors, driven by a 2.8% increase in Santos (ASX: STO) and a 1.6% rise in Woodside (ASX: WPL). Conversely, the tech sector has faced a decline of 1.4%, with prominent player Xero (ASX: XRO) experiencing the largest