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- TPG Telecom, Bubs Australia and SuperDry Beer
TPG Telecom, Bubs Australia and SuperDry Beer
Regional housing sees faster growth, Apple is looking into a fitness ring, and Michael Hill is rebranding.
Pick & Scroll News
February 27, 2024
One Read, All Perspectives
Australian News
Wage growth is now the main driver of inflation in Australia, with average full-time earnings surpassing $100,000, according to Treasury analysis. LINK
A proposed 'envy tax' would significantly impact only six universities, requiring contributions to a government infrastructure fund, with the University of Sydney paying the most. LINK
Melbourne Airport's new road project begins, leading to the temporary loss of parking spaces and changes to passenger drop-off zones. LINK
Regional housing markets see faster growth than capitals, with higher interest rates and migration trends affecting urban home values. LINK
Government considers HECS repayment changes and support for low-income students, following a major review of the university sector. LINK
CBD office values drop by 20%, indicating a potential bottoming out of the market correction. LINK
ATO's AI efforts recover millions in unpaid taxes and super. LINK
Systemic barriers contribute to the gender pay gap, with overtime and bonuses benefitting men more than women. LINK
Absurd job titles rise as companies create complex and sometimes misleading roles. LINK
Global News
Zelensky reports 31,000 Ukrainian troop deaths, a figure that contrasts with higher estimates by US officials, as Ukraine prepares for a counteroffensive. LINK
Company News
CSR agrees to a $4.3 billion takeover by French group Saint-Gobain, aiming for strategic alignment and exploring options for CSR’s stake in Tomago. LINK
A tool that was missing for two months has been found behind the fan blades in a Qantas A380 engine, leading to an Australian Transport Safety Bureau investigation. LINK
Major organic winery Salena Estate enters administration, facing challenges from failed sale attempts and the impact of Chinese tariffs on Australian wine. LINK
Bubs Australia settles Federal Court proceedings with its former CEO and founder Kristy Carr, following disputes over the removal and allegations of misuse of company funds. LINK
NIB Holdings reports over 20% increase in underlying profit, driven by growth in its health insurance and expanding non-insurance businesses. LINK
Apple explores new wearable devices, including a fitness ring, smart glasses, and AirPods with cameras. LINK
Google expects advanced AI models on phones by 2025, with plans to embed more sophisticated large language models into Android devices. LINK
Asahi Group targets acquisitions to boost SuperDry beer sales, aiming to quadruple overseas sales by 2030 with a focus on the US market. LINK
Superloop declines Aussie Broadband’s $466 million takeover bid, with Superloop’s board deeming the offer undervalues the company. LINK
Michael Hill Jeweller to undergo a brand refresh, opening a new flagship store in Melbourne as it targets premium consumers. LINK
TPG Telecom’s profits fall despite a surge in mobile customers, with the company planning further price hikes in the face of a challenging economic environment. LINK
Other News
Taylor Swift's NFL game appearance signals a shift in marketing and advertising strategies, with potential impacts on Australian sporting events. LINK
This Week’s Top Picks
Taylor Swift's Australian concerts expected to add only $10 million to the economy, significantly less than the anticipated impact dubbed "Swiftonomics". LINK
Low-income students to be guaranteed university places, as part of efforts to increase tertiary education access for disadvantaged groups. LINK