Business News

Bite-sized business news from Australia and around the world

Hawthorn are definitely a happy team after banking serious cash from the $85 million sale of a Melbourne pub

The 'family' club is looking to move away from relying on income from pokies.

Anastasia from Flux
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2
min read
· Posted on
May 20, 2022

Warren Buffett's Berkshire Hathaway is on one hell of a shopping spree, as other investors close their purses

Apple is on Berkshire Hathaway's shopping list, along with a bunch of other companies.

Anastasia from Flux
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2
min read
· Posted on
May 20, 2022

Treasury Wine Estates is doing a shimmy around China's tariffs by producing its famous Penfolds in China itself

The wine producer should be able to avoid tariffs AND quash the grey market.

Anastasia from Flux
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2
min read
· Posted on
May 20, 2022

Block wants Afterpay available everywhere, like even the hairdresser

More availability = more transactions where Block can take a cut.

Anastasia from Flux
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2
min read
· Posted on
May 19, 2022

Wesfarmers has launched OnePass so you can get a membership for Kmart, Catch and Target under... one pass

The retail conglomerate is aiming to streamline the subscription experience.

Anastasia from Flux
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2
min read
· Posted on
May 19, 2022

CBA's new digital-only home loan service promises to approve your mortgage quicker than you can get through the Maccas drive-through

And we thought groceries in 10 minutes was fast... Commbank in changing the game for prospective home owners.

Flux team
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2
min read
· Posted on
May 19, 2022

Elon Musk has put the Twitter deal on a 'temporary hold' and sent the CEO a poo emoji like the adult he is

Elon's worried about the proportion of bots on Twitter, or so he says.

Flux team
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2
min read
· Posted on
May 18, 2022

Ronald McDonald has officially left the building - in fact, 850 buildings - in Russia

McDonald's is showing solidarity with Ukrainians by withdrawing its business from Russia.

Anastasia from Flux
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2
min read
· Posted on
May 18, 2022

Aussie underwear brand Step One just got dacked by the share market after announcing some less than ideal forecasting

The forecast is looking gloomy for Step One this season.

Flux team
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2
min read
· Posted on
May 18, 2022

This bear market has cooked up the bad kind of Apple crumble and investor appetites are disappearing

Apple's stock prices are crumbling, along with the rest of the tech industry.

Flux team
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2
min read
· Posted on
May 17, 2022

The Libs want you to raid your super to buy a house, so should you rob Peter to pay Paul?

The Federal election is just days away and Scomo is having some big ideas about what people should do with their superannuation.

Flux team
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2
min read
· Posted on
May 17, 2022

The Inspired Unemployed made a zero-carb beer and the masses are frothing

Better Beer has sold an icy cold $9.5 mil worth of beer in just six months.

Anastasia from Flux
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2
min read
· Posted on
May 17, 2022

Airbnb just decided it's time for a makeover, and we're here for it

Travel protection? Better search? Airbnb has made some savvy changes.

Anastasia from Flux
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2
min read
· Posted on
May 16, 2022

Xero's revenues grew to a hot and spicy NZ$1 billion but its share price went cold on the news and uh... WTF?

Xero must be so happy... and so sad after seeing such conflicting developments.

Flux team
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2
min read
· Posted on
May 16, 2022

Woolies and Coles have emerged from the panic buying era with impressive consumer trust scores so Hass off to them

After years of empty shelves, Woolies and Coles are still some of Australia's most trusted brands.

Anastasia from Flux
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2
min read
· Posted on
May 16, 2022

Disney+ gained nearly 8 million new subscribers and we can see ya shaking in your streaming booties, Netflix!

It's the streaming wars at the moment and Netflix sure ain't winning.

Anastasia from Flux
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2
min read
· Posted on
May 13, 2022

From Snake to Apex Legends... EA is finally bringing the mobile gaming goods

We've come a long way since Candy Crush and Angry Birds...

Anastasia from Flux
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2
min read
· Posted on
May 13, 2022

Swisse sales are soaring, so now they're boosting immunity AND their bottom line

The vitamin lords have learned that diversifying distribution channels = $$$.

Anastasia from Flux
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2
min read
· Posted on
May 13, 2022

Crypto stablecoin TerraUSD is not stable at all right now, and we're confused AF

We know stablecoins are hella confusing but this is BIG.

Anastasia from Flux
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2
min read
· Posted on
May 12, 2022

Get ready for Bored Ape profile pics because Instagram is trialling NFTs this week

The 'gram is following in Twitter's footsteps to help NFT aficionados to show off their goods.

Anastasia from Flux
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2
min read
· Posted on
May 12, 2022

QR codes are back at Woolies, but this time they're for payments, not to flatten the curve

This move looks like a win-win for customers AND Woolies.

Anastasia from Flux
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2
min read
· Posted on
May 12, 2022

Move over Bumble, Match: Grindr is gearing up to go public via a SPAC and I'd swipe right to that

They're the third dating company to go public in the last three years.

Anastasia from Flux
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2
min read
· Posted on
May 11, 2022

David Jones' parent company Woolworths (not Woolies) is reportedly getting serious about flogging it so spin the rumour mill, pls

After denying the rumours, it looks like where there's smoke, there's fire.

Anastasia from Flux
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2
min read
· Posted on
May 11, 2022

Sam Wood's fitness app just gave its single red rose to myDNA for US$50 million, soz Snez

Fitness and DNA data make for a perfect match, apparently.

Anastasia from Flux
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2
min read
· Posted on
May 11, 2022

Father, Son and House of Crypto: Gucci stores will accept crypto, so you can now use your Dogecoin to buy that $600 belt

Luxury fashion houses are getting ahead of the crypto curve.

Anastasia from Flux
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2
min read
· Posted on
May 10, 2022

Oil lord Shell just raked in US$9.1 billion but Uncle Sam wants to have a quick chat

Shell's made some unbelievable money and now there's talk of a windfall tax.

Anastasia from Flux
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2
min read
· Posted on
May 10, 2022

TPG Telecom just shed a few kgs in the form of its entire mobile network and banked $950 million for it so there's your morning motivation

Selling of all your mobile towers and rooftop infrastructure is a bold move.

Anastasia from Flux
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2
min read
· Posted on
May 10, 2022

France's largest supermarket chain is putting up price shields on popular products to stop inflation and Woolies, u up?

Altruistic initiative or savvy marketing ploy? All we know is we want to save $$$.

Anastasia from Flux
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2
min read
· Posted on
May 9, 2022

Let it (hiring) goooo: Much like Elsa and Anna, Meta and Cameo are frozen

Meta (FKA Facebook) and Cameo are both on the rocks right now.

Anastasia from Flux
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2
min read
· Posted on
May 9, 2022

Send has really sent it...self packing, with the grocery startup falling into administration

Looks like groceries in 10 minutes was a tricky promise to keep for Send.

Anastasia from Flux
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2
min read
· Posted on
May 9, 2022

Mother’s Day 2022: How to spoil mum without breaking the bank

Aussies love to spoil their mums (or mum-like figures) on Mother's Day. Here's how you can still do it - on a budget.

Anastasia from Flux
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3
min read
· Posted on
May 6, 2022

The US Federal Reserve just increased interest rates by 0.5%, in a move more aggressive than Kylie Jenner's cap at the Met Gala

It's alllll happening in interest-rate-land folks, and it's only gonna keep going.

Anastasia from Flux
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2
min read
· Posted on
May 6, 2022

NAB's earnings are taking off and there could be more good times to come (TY interest rate rise) so pop the champagne, I guess?

Who woulda thunk it, interest rate rises are good for banks!?

Anastasia from Flux
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2
min read
· Posted on
May 6, 2022

It's been a bumpy ride but Qantas is on the up so now it's going on a shopping spree

Good bye pandemic struggles and hello acquisitions for Qanny.

Anastasia from Flux
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2
min read
· Posted on
May 6, 2022

Wordle (no, not that one) has been bought by a mobile marketing firm thanks to some sweet second-hand success

It's a rare case of mistaken identity gone right for the other Wordle.

Anastasia from Flux
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2
min read
· Posted on
May 5, 2022

I smell a smackdown, because Temple & Webster is launching a competitor to Bunnings

Will T&W face the same fate as the late Bunnings competitor Masters?

Anastasia from Flux
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2
min read
· Posted on
May 5, 2022

Hospitality tech company Mr Yum just wolfed down MyGuestList and what a pairing

The well-matched acquisition will help Mr Yum offer more bespoke services.

Anastasia from Flux
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2
min read
· Posted on
May 5, 2022

Call Gabriella and Troy! For the first time since 2010, the cash rate is soaring, flying

We're breaking free from low interest rates and they're gonna keep movin' up.

Anastasia from Flux
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2
min read
· Posted on
May 4, 2022

The Woolies boss has called for retail wage rises to keep up with inflation so... you first, bud?

The Aussie Retailer' Association says the minimum wage should rise next month and the Woolies CEO agrees.

Anastasia from Flux
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2
min read
· Posted on
May 4, 2022

Money CAN buy a fair bit: Mike Cannon-Brookes just became AGL's largest shareholder with plans to derail its demerger

Mike's move can be put down to billionaire activism, but will it work?

Anastasia from Flux
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2
min read
· Posted on
May 4, 2022

Not a homeowner? Here’s how the May interest rate rise impacts you

Interest rates just rose 0.25% to 0.25%. What does that mean if you don't have a home loan?

Anastasia from Flux
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2
min read
· Posted on
May 5, 2022

Robinhood is realising giving away free stuff isn't a great business model and uhh... which one of us gonna tell 'em?

The OG online brokerage for retail investors is struggling, that's for sure.

Anastasia from Flux
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2
min read
· Posted on
May 3, 2022

Supply chain who? Apple had one of its best quarters ever and Steve Jobs is smiling somewhere

Apple says a focus on software and services helped boost profits.

Anastasia from Flux
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2
min read
· Posted on
May 3, 2022

Qantas reckons the good vibes are on the way... and stop-overs are out the door

Direct from Australia to London or New York? Yes Please!

Anastasia from Flux
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2
min read
· Posted on
May 3, 2022

CommBank will offer cheaper home loans for green homes

CBA is once again showing it's down with the cool kids... so let the millennials roll in.

Anastasia from Flux
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2
min read
· Posted on
May 2, 2022

Renault will sell its majority stake in Russia's biggest carmaker for 1 rouble

Renault's yeeting out of Russia but in a business-safe way and other Western companies...take note.

Anastasia from Flux
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2
min read
· Posted on
May 2, 2022

Advertisers raise concerns over Elon Musk's new free speech focus at Twitter HQ

Elon will be Twitter's new dad once the deal is sealed, but advertisers aren't too keen on his new parenting style.

Anastasia from Flux
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2
min read
· Posted on
May 2, 2022

Heinz just brought out a 'Dip & Crunch' product thanks to TikTok

Heinz is big in the condiment space, but now it's taking product inspo from TikTok trends.

Anastasia from Flux
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2
min read
· Posted on
May 2, 2022

Church-tech company Pushpay receives takeover offers

Pushpay's caught the eye of devout investors as the industry gains heavenly momentum.

Anastasia from Flux
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2
min read
· Posted on
April 29, 2022

Coles' sales are up 3.6% thanks to inflation

But unfortunately, my hip pocket is struggling to be happy for them.

Anastasia from Flux
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2
min read
· Posted on
April 29, 2022

Big bellwether Alphabet reported weak earnings which ain't great for the tech industry

Consider the tech sell-off we're seeing in the US...we can't say we're surprised by this.

Anastasia from Flux
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2
min read
· Posted on
April 28, 2022

Stake just brought home $50 mil in fresh funding

The company said they'll stash the cash in their war chest.

Anastasia from Flux
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2
min read
· Posted on
April 28, 2022

One of Canva's major investors cut the value of its investment by 33%

Talk about buyer's remorse. But really, this just goes to show how tricky it is to value private companies.

Anastasia from Flux
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2
min read
· Posted on
April 28, 2022

Meta, FKA Facebook, is promoting its virtual offerings by opening a... physical store?

Meta's California store is set to open its doors next month.

Anastasia from Flux
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2
min read
· Posted on
April 27, 2022

Aussie flower delivery company LVLY must be feeling pretty fresh, because it just got acquired for a cool $35 mil

The Aussie based same-day flower delivery service seems stoked with the deal.

Anastasia from Flux
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2
min read
· Posted on
April 27, 2022

He's really gone and done it... 'he' being Elon Musk and 'it' being buying Twitter

Elon Musk is buying Twitter and it's part of a bigger trend.

Anastasia from Flux
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2
min read
· Posted on
April 27, 2022

Tesla is on fire right now, and by on fire we mean making a lot of money

Tesla is making bank despite supply chain struggles... and also raising prices?

Anastasia from Flux
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2
min read
· Posted on
April 26, 2022

KKR has cooked up a juicy private equity-backed buyout offer for Ramsay Health Care, Australia's largest private hospital operator

Super funds and sovereign wealth funds are getting in on the offer.

Anastasia from Flux
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2
min read
· Posted on
April 26, 2022

Netflix is considering a lower-priced version with ads and thanks, but no thanks

Selling ads would be a major change for Netflix, but it might just be the key to continued growth.

Anastasia from Flux
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2
min read
· Posted on
April 26, 2022

Laundry lords Procter & Gamble are raking in cash because it turns out toothpaste and toilet cleaner are always in fashion

P&G's products are essentials, so sales are still going strong.

Anastasia from Flux
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2
min read
· Posted on
April 22, 2022

The Bitcoin ETF bandwagon has finally made it to Oz, so start planning your crypto bro outfits for the launch party

Aussies may choose this ETF as their first entry into the crypto world.

Anastasia from Flux
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2
min read
· Posted on
April 22, 2022

Zip Co's learning that BNPL is a risky business, as its credit losses widen beyond its target range

Acquiring more customers means more credit risk, a fact Zip pay now knows well.

Anastasia from Flux
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2
min read
· Posted on
April 22, 2022

Are you still watching? Because Netflix just watched 200K subscribers walk out the door

Consumer discretionaries like Netflix are often the first to go when inflation comes a-knockin'.

Anastasia from Flux
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2
min read
· Posted on
April 21, 2022

Dymocks says sales are soaring thanks to #BookTok so video may have killed the radio star...but not the print star

Reading is trending again and Dymocks isn't gonna complain.

Anastasia from Flux
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2
min read
· Posted on
April 21, 2022

News Corp is finalising plans to join the bookie game, so now you can get your tabloids and your wagers from the same folks

The company plans to leverage its masthead reach to promote its new bookmaking product.

Anastasia from Flux
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2
min read
· Posted on
April 21, 2022

Westpac, CBA and ANZ's blockchain startup just scored $13 million and how's that for camaraderie

The big banks are all on the same side for this one and businesses looking for a bank guarantee will reap the benefits.

Anastasia from Flux
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2
min read
· Posted on
April 20, 2022

Twitter took a poison pill to stop Elon Musk from taking over the company and yah, it's as dramatic as it sounds

It's a bitter pill for Twitter to swallow, but it just might work.

Anastasia from Flux
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2
min read
· Posted on
April 20, 2022

The infamous AMP (TY Banking RC) could be flogging its real estate operations to property giant Dexus

You might remember AMP from the Banking Royal Commission, and now it's selling off another arm.

Anastasia from Flux
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2
min read
· Posted on
April 20, 2022

Nintendo Switch Sports now exists and they don't need Zuck's help

Our two gaming faves are coming together, but they won't be part of the metaverse.

Anastasia from Flux
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2
min read
· Posted on
April 19, 2022

Apple's supply chain cops a beating as suppliers stuck in Shanghai's lockdown have been forced to halt production

We could be about see some price rises all round when the full impact sets in.

Anastasia from Flux
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2
min read
· Posted on
April 19, 2022

AGL just got a 'UGE battery so bye-bye coal power plants

Nothing like a big ol' battery to help reduce our reliance on coal power.

Anastasia from Flux
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2
min read
· Posted on
April 19, 2022

The supply chain's moving at a snail's pace and ASOS is paying the price, literally

Turns out supply chain struggles and inflationary pressures are expensive.

Anastasia from Flux
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2
min read
· Posted on
April 14, 2022

Warner Media and Discovery just merged so now you can watch Shark Week and Harry Potter in the same place

Get ready for a creative streaming experience once these two start working together.

Anastasia from Flux
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2
min read
· Posted on
April 14, 2022

Calling all consultants: Hold on to ya oat lattes 'cos we might be getting vegan RMs

RM boots made from plant-based materials? We're all for it.

Anastasia from Flux
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2
min read
· Posted on
April 14, 2022

Making servers crash might be a marketing tool but hype commerce startup EQL just got $25 mil to fix the problem

Say bye to websites crashing during an in-demand drop, because EQL has your back.

Anastasia from Flux
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3
min read
· Posted on
April 13, 2022

King of chaos Elon Musk has turned down a seat on the Twitter board, opening the door to a hostile takeover

Elon is no longer bound by the rules attached to accepting a Twitter board seat, so he could attempt a takeover of the platform.

Anastasia from Flux
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3
min read
· Posted on
April 13, 2022

Grab a bucket and a mop because Afterpay is leaking cash with losses up 336%

Is Afterpay set to say bye now, pay later? Only time will tell.

Anastasia from Flux
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2
min read
· Posted on
April 13, 2022

Levi's is dancing all the way to the bank thanks to a renewed focus on its brick and mortar stores

The maker of your fave 501s is thriving thanks to a direct-to-consumer model.

Anastasia from Flux
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2
min read
· Posted on
April 12, 2022

Foxtel has delayed its IPO after taking a look outside and TBH, we wouldn't want to go out in this weather either

The war in Ukraine, worldwide rising inflation and predicted domestic interest rate rises all contributed.

Anastasia from Flux
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2
min read
· Posted on
April 12, 2022

Westpac's on a mission to block scam transactions so DW about that $150 for your DHL parcel "stuck at customs"

They've blocked 11,000 scams since January, but it's not totally altruistic.

Anastasia from Flux
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2
min read
· Posted on
April 12, 2022

Indian conglomerate Tata Group is building a super-app and your move, Wesfarmers

Tata Group is bringing financial services, pharmacy, travel and more into the one app. Wild.

Justin from Flux
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2
min read
· Posted on
April 11, 2022

Mecca re-incarnates Moira with live-selling in China and pls don't tell me the Ab-Swing Pro is making a comeback

It's no Danoz Direct, but live-selling is 'as seen on TV' on steroids.

Justin from Flux
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2
min read
· Posted on
April 11, 2022

Amazon Australia is now offering same-day delivery and Aus Post, u up?

Amazon AU's getting into the same day delivery game, but only for some Aussies.

Justin from Flux
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2
min read
· Posted on
April 11, 2022

CommBank's crypto product has been placed under the regulators' microscope

ASIC is taking a close look at CBA's app allowing users to trade cryptocurrencies.

Brett from Flux
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2
min read
· Posted on
April 8, 2022

Telstra has created a scammer filter, so who's gonna tell Anna Delvey she's blocked?

Wave goodbye to scam texts, because Telstra's blocking dodgy messages.

Brett from Flux
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2
min read
· Posted on
April 8, 2022

Coles is selling its own-brand to 'affluent' supermarket shoppers in Singapore, confirming suspicions they're fancier than Woolies

Coles brand hits shelves in Singapore amid demand for Aussie products.

Brett from Flux
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2
min read
· Posted on
April 8, 2022

Starbucks' original CEO is coming back for a third time, so maybe original really is the best

The returning CEO is set to focus on employee wellbeing amid staffing setbacks.

Justin from Flux
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2
min read
· Posted on
April 7, 2022

One-click checkout startup Fast slows to a complete stop

Fast is closing their doors after burning through a lot of cash.

Justin from Flux
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2
min read
· Posted on
April 7, 2022

Australian Ethical and Christian Super are in talks to create a super-sized ethical super fund

Merger she wrote! Aussie super funds are joining forces.

Justin from Flux
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2
min read
· Posted on
April 7, 2022

David Jones says everything is fine...actually... and they're not for sale

DJs says rumours of a sale are fake news... but we'll be keeping an eye out.

Brett from Flux
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2
min read
· Posted on
April 6, 2022

AustralianSuper has indulged in a little retail therapy by jointly buying Axicom

You might not think infrastructure assets sound like a sexy investment, but AustralianSuper sure does.

Brett from Flux
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2
min read
· Posted on
April 6, 2022

Elon Musk has dropped the big bucks to become Twitter's largest shareholder. Jack Dorsey, wyd?

After his mysterious Twitter polls, turns out Elon Musk has bought a sizeable stake in the social platform.

Brett from Flux
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2
min read
· Posted on
April 6, 2022

US regs smell a rat at Activision and by rat we mean insider trading

What's that smell? It could be the pungent scent of dodgy dealings at Activision Blizzard.

Anastasia from Flux
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2
min read
· Posted on
April 5, 2022

Domain is acquiring a new real estate platform so property really is hot property RN

Domain, home of your fave multimillion-dollar listings, is acquiring a new real estate platform, but there's a twist.

Anastasia from Flux
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2
min read
· Posted on
April 8, 2022

Amazon could be coming for the Olympics broadcasting rights and yes there really is nothing Jeffy B wouldn't do

Bezos might be trying to steal the OLYMPICS from free-to-air - so get ready to shell out to tune in.

Anastasia from Flux
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2
min read
· Posted on
April 8, 2022

Waymo says its driverless cars are COMING

Waymo is rolling out self-driving cars to San Francisco - with no drivers in the car at ALL.

Justin from Flux
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2
min read
· Posted on
April 4, 2022

Lizzo's launches a new shapewear biz to take on the old and crusty

There's a new player in the shapewear industry - and they're taking on Kimmy K and Bad Gal Riri

Justin from Flux
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2
min read
· Posted on
April 4, 2022

TabCorp and Tatts are breaking up so pass the Ben & Jerry's

After just 5 years together, Tabcorp and Tatts look set to divorce

Justin from Flux
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2
min read
· Posted on
April 4, 2022

Westpac employees are finally free to talk about their pay and could others start to follow suit?

Westpac staff can now shout their salaries and bonuses from the rooftop. It's an important step.

Justin from Flux
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2
min read
· Posted on
April 1, 2022

Sony's launching a new PlayStation subscription service

It's combining its PlayStation Plus and PlayStation Now offerings into one.

Anastasia from Flux
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2
min read
· Posted on
March 31, 2022