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- Aesop, Haidilao's IPO & Darrell Lea for Sale
Aesop, Haidilao's IPO & Darrell Lea for Sale
Westpac reintroduces timesheets to prevent underpayments for overtime.
Pick & Scroll News
May 20, 2024
One Read, All Perspectives
Australian News
Fear and risk aversion are stifling economic productivity, with modern behaviours mirroring the "paradox of thrift" that contributed to the Great Depression. LINK
RBA contemplates selling its headquarters as costs for renovations soar to $1.1B due to extensive asbestos removal. LINK
Graduates have a brief chance to reduce student loan costs due to an accounting adjustment that could save money on indexation if they act quickly. LINK
Childhood obesity risks increase with screen time during meals, as experts warn that this habit can significantly contribute to the obesity epidemic among children. LINK
Global News
Countries are competing to attract corporate digital nomads with special visas, enhancing their talent pools and hoping to retain workers post-pandemic. LINK
Australian Defence Force coordinates with French authorities to evacuate citizens from strife-torn New Caledonia amid ongoing violence. LINK
China launches aggressive measures to boost its property market, including removing mortgage rate floors and urging local governments to purchase homes. LINK
Paul McCartney becomes the UK's first billionaire musician, his wealth boosted by the enduring popularity of Beatles music. LINK
Putin escalates military efforts in Ukraine, utilising more troops and advanced technology. LINK
Company News
Coles is leveraging AI and machine learning to predict liquor demand, aiming to enhance supply chain efficiency and responsiveness to consumer trends and seasonal changes. LINK
Westpac is reintroducing timesheets for employees earning up to US$140K to prevent underpayments due to excessive overtime, a measure that has been unpopular among high-earners. LINK
Kmart Group has transformed into a product maker rather than merely a retailer, achieving record profits by focusing on its own brand of low-cost goods. LINK
Haidilao restaurant operator Super Hi's shares surged 38% following its IPO in the US. LINK
Aesop introduces algae-based signage in stores, showcasing sustainable marketing materials during Melbourne Design Week and replacing traditional PVC signs. LINK
Shell challenges ATO's $99 million capital gains tax assessment in court, following a dispute over its $3.5 billion divestment from Woodside Petroleum. LINK
Cleanaway Waste Management faces takeover vulnerability as it needs investor confidence in its growth story to improve its lagging share price. LINK
Retail workers’ union urges legal changes to prevent employers like Sephora from bypassing unions in bargaining processes. LINK
ANZ Bank's bond sale probe focuses on 'pre-hedging' practices, with ASIC investigating the bank’s handling of a $14 billion federal government bond sale amid concerns over conflicts of interest in pre-hedging interest rate risks. LINK
Dicker Data shares tumbled 13% following a disappointing revenue report for the first quarter, coming shortly after the company's CEO sold a substantial share of his holdings. LINK
Qatar Airways resubmits a request to double its flight capacity to Australian cities, challenging the government's prior decision to block the expansion. LINK
Apple resolves a brief iMessage outage affecting users in Australia and the US, with Telstra confirming no network issues on their end. LINK
Bendigo Bank's profit dips by 2.3% to $464 million, as market conditions toughen for Australian banks, leading to unrealistic share valuations. LINK
ARN Media's acquisition strategy is under scrutiny following a failed merger attempt with Southern Cross. LINK
Elon Musk launches Starlink satellite internet in Bali, enhancing connectivity across Indonesia alongside President Joko Widodo. LINK
MediSecure's hack has compromised Australians' prescription and Medicare information, with the national cybersecurity coordinator confirming that personal and medical data were accessed in a significant ransomware incident. LINK
AirTrunk delays bids for its $15 billion data centre business as it prepares to update due diligence materials, signalling potential new client contracts. LINK
Rio Tinto reopens Pilbara rail line after safety review following a train derailment. LINK
Quadrant prepares to sell confectionery company Darrell Lea, potentially fetching close to $1 billion amid easing cocoa prices. LINK