Australia’s Nine Network posts major profits

Published

3 years ago

August 25, 2021

Australia’s Nine Entertainment network has reported massive profits of $184 million

Nine which owns a television network, radio network and two streaming services has continued to see record growth despite the ongoing pandemic

The company’s CEO says the entertainment giant has been able to carry out its long-term strategy despite the challenges of the COVID-19.

“With the foundation of Nine’s unique assets, strong cash flows and a supportive Board, we have a clear vision for the future as Australia’s Media Company,”
Nine CEO said.

Nine grows revenue by 8% to $2.3bn, profits up 76% https://t.co/PQLxXH0pPV pic.twitter.com/OhySq6mq7l
— Newsmaker (@NewsMaker) August 25, 2021

Nine Entertainment Co will pay a final dividend of 5.5 cents per share

Why the meme-stock frenzy is unlikely to repeat

Published

5 hours ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

9 hours ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

1 day ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending