Monday 7 December 2020 Our pick of the week’s biggest stories affecting markets IN FOCUS: SALESFORCE BUYS SLACK What’s going on? Salesforce – a company specialising in sales productivity tools with a current market value of $ US220 billion, is buying Slack – a workplace messenger platform currently valued at around $US17 billion. The acquisition would be Salesforce’s largest ever. …
Weekly News Wrap: Bega Cheese Expands, Amazon Pharmacy Launches
Monday 30 November 2020 Our pick of the week’s biggest stories affecting markets IN FOCUS: BEGA CHEESE BUYS LION DAIRY What’s going on? Bega Cheese this week acquired Lion Dairy and Drinks for $534 million. It’ll mean Bega moves into fresh milk, flavoured milk, yoghurt and juice alongside its traditional dairy business. The company will be taking over a suite …
Weekly News Wrap: Airbnb IPO, Buy Now Pay Later Regulations, Australia’s New Trade Deal
Monday 23 November 2020 Our pick of the week’s biggest stories affecting markets IN FOCUS: AIRBNB FILES IPO What’s going on? Airbnb is set to list on the NASDAQ in early December after having to postpone their IPO back in March when the pandemic began. The company is essentially an online marketplace for holiday rentals. It’s reported the company’s hoping …
Weekly News Wrap: Telstra breaks up, EU takes on Amazon, Pfizer announces vaccine
Monday 16 November 2020 Our pick of the week’s biggest stories affecting Aussie equity markets IN FOCUS: TELSTRA SPLITS INTO THREE What’s going on? Telstra is undertaking a major restructure, splitting itself into three separate entities: InfraCo Fixed will own the physical infrastructure assets: the ducts, fibre, data centres, subsea cables etc. InfraCo Towers will own the mobile infrastructure like towers. …
Weekly News Wrap: US election, Chinese IPO, Australian interest rates
Monday 9 November 2020 Our pick of the week’s biggest stories affecting Aussie equity markets IN FOCUS: OPTUS BUYS AMAYSIM FOR $250M What’s going on? Optus is acquiring its biggest mobile virtual network operator (MVNO), Amaysim, for $250 million. Amaysim’s the fourth-largest mobile provider in Australia with 1.19 million subscribers. The deal also includes brands Vaya, Jeenee and OVO. The business …
Weekly News Wrap: Ant Financial, Australia’s Recession & New Solar Innovations
Monday 2 November 2020 Our pick of the week’s biggest stories affecting Aussie equity markets IN FOCUS: CHINA’S ANT GROUP SET TO DELIVER THE WORLD’S BIGGEST IPO What’s going on? Ant Group is behind the world’s largest online payments platform Alipay. Alipay started off as a payments system for China e-commerce giant Alibaba back in 2004, now Alipay has over …