LA Private

October 2024

Luxury slowdown no hurdle as Cettire posts profitable Q1

Cettire (ASX:CTT), an online luxury goods platform, has reported profitable growth for the first quarter of FY25, even as global luxury demand softened. Sales revenue rose 22% year-on-year to reach $155m, supported by optimised operating strategies and selective cost management. The company’s adjusted EBITDA climbed to $2m, up by $1.6m from the previous quarter. Despite […]

Luxury slowdown no hurdle as Cettire posts profitable Q1 Read More »

Coronado Global revises guidance after revenue and price declines

Coronado Global Resources (ASX:CRN), an international coal mining company headquartered in Brisbane, reported $608m in group revenue for Q3 FY24, down 9.7% from the previous quarter and part of a year-to-date revenue total of $1.95bn — 11.8% lower than the same period in 2023. The revenue dip reflects weaker market conditions, driven by a 10.6%

Coronado Global revises guidance after revenue and price declines Read More »

Buttoning up business: Myer adds Premier’s Apparel Brands to portfolio

Premier Investments (ASX:PMV) and Myer Holdings (ASX:MYR) are merging resources in a transformative deal, announced today. Myer will acquire Premier’s Apparel Brands, including Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E, through the issue of 890.5 million shares to Premier, giving Premier a 51.5% stake in Myer and establishing the company as Myer’s majority

Buttoning up business: Myer adds Premier’s Apparel Brands to portfolio Read More »

Zipping past expectations

Zip Co Limited (ASX:ZIP), a digital financial services company that offers point-of-sale credit and digital payment services, has posted robust results for the quarter ending 30 September 2024, largely driven by a surge in US operations. The company reported a Group Cash EBTDA of $31.7m, marking a 233.7% increase compared to the same quarter in 2023.

Zipping past expectations Read More »

Serko’s smooth landing in North America’s corporate travel market

Serko (ASX:SKO, NZX:SKO), a New Zealand-based provider of online business travel booking solutions, is ramping up its North American presence with the acquisition of Sabre’s GetThere business travel platform for US$12m. This purchase, announced on 28 October 2024, positions Serko as the #2 corporate booking tool provider in North America, giving it access to a

Serko’s smooth landing in North America’s corporate travel market Read More »

US stocks rise as tech earnings loom

Stocks surged on Monday as investors anticipated a wave of megacap technology earnings that could propel the Nasdaq Composite to new heights this week. A calming geopolitical situation also bolstered risk sentiment. The S&P 500 gained 0.27 per cent, closing at 5,823.52. The Dow Jones Industrial Average advanced by 273.17 points, or 0.65 per cent,

US stocks rise as tech earnings loom Read More »

Dr Cathy Foley on turning the lucky country into a smart nation

Australia’s Chief Scientist, Dr Cathy Foley, AO PSM, presents at the Semiconductor Australia 2024 conference. She highlights Australia’s strengths in tech development and outlines a vision for a sustainable economy led by innovation. Topics discussed include:Insights from Dr Foley’s research, reflecting on early challenges in semiconductor development and how they influenced her career.The rapid evolution

Dr Cathy Foley on turning the lucky country into a smart nation Read More »

Interest rates drive accounting losses at Australia’s central bank

The Reserve Bank of Australia’s (RBA) 2024 Annual Report, released Friday, reflects a year of significant financial challenges and organisational shifts. The RBA posted an accounting loss of $4.2bn for the financial year — its second consecutive year of losses — primarily due to the impact of higher interest rates on its holdings. These losses

Interest rates drive accounting losses at Australia’s central bank Read More »

Oil falls as Israeli airstrikes avoid key Iranian energy sites

Crude oil futures have declined following Israeli airstrikes that did not target critical Iranian oil infrastructure. West Texas Intermediate (WTI) crude has fallen 4.6% to US$68.48 a barrel, while Brent crude, the global benchmark, has fallen 4.4% to US$72.67 a barrel. The market had been on edge amid concerns that the Israeli response to an October

Oil falls as Israeli airstrikes avoid key Iranian energy sites Read More »