- Pick & Scroll News
- Posts
- A2 Milk, Nintendo and Remote Working
A2 Milk, Nintendo and Remote Working
Taytay to bolster Aussie economy once more, Flights out of Singapore to increase in price, and the Star might lose its licence.
Pick & Scroll News
February 20, 2024
One Read, All Perspectives
Australian News
Real estate agent John McGrath predicts that housing prices could increase by up to 5% if interest rates are cut later this year by boosting the lower end of the market. LINK
Remote working is linked with lower wage growth but higher productivity and satisfaction among staff, with the Bank of England providing insights into the impact on businesses. LINK
Taylor Swift's concerts in Sydney are expected to generate high demand for hotel rooms and tour merchandise, following her performances in Melbourne. LINK
Almost 400,000 items including live animals and plants were seized at Australia’s international airports last year. LINK
Westpac's management updated forecasts to account for a resilient economy amid high interest rates, with a prediction that monetary policy could become less restrictive within a year. LINK
Coles and Woolworths face more scrutiny over pricing practices, with allegations of price increases in return for payments from suppliers. LINK
Investors are increasingly interested in fixed income ETFs as interest rates peak, seeking a buffer against volatility and an opportunity for competitive returns. LINK
Global News
Ukraine struggles with a shortage of ammunition, threatening its defence against Russian artillery along a 1,000-kilometre front line. LINK
Israel's government rejects unilateral recognition of a Palestinian state. LINK
Singapore will increase costs for outbound flights from 2026 to meet aviation industry decarbonisation goals, mandating the use of sustainable aviation fuel. LINK
Company News
Reliance Worldwide anticipates a future uptick in demand for plumbing supplies as deferred maintenance leads to urgent repair needs. LINK
The ACCC investigates Armaguard-Prosegur merger's compliance with legal undertakings, especially concerning cash distribution in rural and regional areas. LINK
The European Commission plans to fine Apple approximately €500 million for breaching EU competition law, following a Spotify complaint about Apple favouring its music service. LINK
Sony faces scrutiny over gaming margins after cutting its PlayStation 5 sales forecast, despite high-margin digital sales and subscription services. LINK
Air New Zealand predicts a profit slide in the second half of the financial year due to increasing competition and a stall in new plane deliveries. LINK
Seven Group makes an offer to acquire the remaining shares of Boral, aiming to take full control of the concrete and asphalt company. LINK
GPT forecasts a reduced shareholder distribution for 2024 due to higher incentives needed for its office portfolio amidst a challenging property market. LINK
Nuix reports a $4.8 million loss due to legal costs from an ASIC investigation into misleading and deceptive conduct allegations. LINK
Nintendo shares fall 6% amid reports of a delay in the release of its next-generation console, expected to succeed the Switch, until early 2025. LINK
The Biden administration is considering over $10 billion in subsidies for Intel Corp to support semiconductor manufacturing. LINK
A2 Milk shares surge on an upgraded outlook and solid first-half revenue growth, especially in the China market for infant formula. LINK
Ampol shares hit a record high following a strong full-year result and a higher than expected special dividend. LINK
Bendigo and Adelaide Bank criticises the ANZ-Suncorp merger, arguing it would harm competition and consumer interests. LINK
Star Entertainment risks losing its Sydney casino licence amid an inquiry into whether it has addressed previous failures. LINK
Lendlease warns of ongoing challenges in the property sector, impacting deal finalisation and leading to a $136 million interim loss. LINK
This Week’s Top Picks
Young professionals and mortgage holders are becoming the new face of hunger with charities reporting an influx of first-time aid seekers. LINK
Foreign students are leaving Australia in significant numbers following a visa crackdown, impacting net migration figures. LINK
Aussie sports clubs are facing financial difficulties, risking the development of talent for future sporting events. LINK
Anko, a Kmart brand, dominates the Australian market in several retail categories, selling over 1 billion items annually. LINK
A Delta Airlines flight from Amsterdam to Detroit was turned around due to maggots falling from an overhead compartment, originating from a bag containing rotten fish. LINK