Atlassian surges on ‘ripper’ $1bn year
Aussie-founded tech giant Atlassian’s second-quarter revenue has surged to cap a ‘ripper’ billion-dollar 2018, with its share price in the US rising nearly 10 per cent. The NASDAQ-listed collaboration software maker posted a quarterly revenue rise of 39 per cent, year-on-year, to $US299 million ($A415.5 million), eclipsing market expectations of $US288.3 million, and cementing the…
Vic taxi riders face new $120 vomit fine
Passengers who leave a mess or vomit in a Victorian taxi will get hit with a $120 fee, but general fares are to stay the same, the state’s economic regulator has ruled. The Essential Services Commission has left maximum unbooked fares unchanged. But it’s introducing a new cleaning charge of up to $120 for passengers…
Amazon buys video doorbell startup Ring
Amazon confirmed Tuesday that it bought video doorbell startup Ring, in a move that could help the internet giant’s delivery arm reach into people’s homes. Financial terms of the acquisition were not disclosed, but online reports valued the deal at more than a billion dollars. ‘We’re excited to work with this talented team and help…
Reporting Season: 9 Mining and Energy Stocks to Watch
Sharemarket bulls and bears have little in common beyond the desire to make money – yet both look to earnings season reports as potentially catalytic events. It’s not a simple matter of good or bad numbers, instead share prices can soar or plummet according to how the numbers fare relative to market expectations. In the…
Britain draws ire by delaying tax shelter crackdown
The UK government drew the wrath of transparency groups on Monday by delaying proposed legislation aimed at ending secret company ownership in offshore territories such as Jersey.Britain has been gradually ramping up its fight against money laundering and various tax avoidance and evasion schemes.But it has less say in the rules governing the Isle of…
US-China talks to boost Aussie market
A positive open is tipped for the Australian share market on the back of encouraging trade talks between the US and China. The benchmark S&P/ASX 200 is expected to climb 53 points when trade resumes on Monday after finishing at 6,066.1 points on Friday, CommSec chief economist Craig James told AAP on Sunday. ‘There’s more…
What next for Brexit?
Despite the humiliating rejection of Prime Minister Theresa May’s Brexit deal, Britain is no closer to knowing the end result of its vote to leave the European Union.A raft of amendments to be voted on by MPs on Tuesday threaten to further muddy the waters as the clock ticks down to Britain’s scheduled departure from…
Banks and energy weigh down ASX at close
The Australian share market has clawed back some of its earlier losses to close lower with the financial and energy sectors weighing the heaviest. The benchmark S&P/ASX200 index was down 15.1 points, or 0.26 per cent, to 5,843.7 at 1630 AEDT on Wednesday, while the broader All Ordinaries was down 15.6 points, or 0.26 per…
Police bust Australia-China baby formula crime ring
Six people have been charged after Australian authorities uncovered a multi-million-dollar crime syndicate stealing baby formula and vitamins from major retailers across Sydney for shipment to China, police said Monday.Four members of one family and two other men have been arrested and charged over the ‘organised criminal group’ that New South Wales Police believe has…
CommSec Daily Report Thursday
Latest NewsLocal shares are climbing higher for a third straight day as better than expected earnings for US banks helped boost Wall Street in overnight trade. There was also no shock with Theresa May’s government surviving a no-confidence motion in British parliament following a heavy defeat for her Brexit deal. The ASX 200 index is…
