Latest News

ASX loses $50b this week

ASX loses $50b this week

  Trade concerns have wiped close to $50 billion worth of market capitalisation from Australian stocks this week, with investors trading cautiously as the US threatened to impose more tariffs on China.  The S&P/ASX 200 index closed the week down 175.7 points, or 2.8 per cent, to 6143.8, its worst five-day performance since February.   Trade […]

ANZ and Westpac just successfully used blockchain on commercial property deals

ANZ and Westpac just successfully used blockchain on commercial property deals

  Two major Australian banks have successfully used blockchain, instead of paper, for bank guarantees on commercial property leasing.  ANZ and Westpac teamed with IBM and shopping centre operator Scentre Group to digitise the guarantee process.  The trial used distributed ledger technology to replace paper-based guarantee documents, resulting in a single source of information with reduced potential […]

Were are our tax dollars going?

Were are our tax dollars going?

The Budget   Every year, each level of government is required to prepare a budget to show how tax revenue will be collected (or ‘raised’) and how it will be spent. The Australian Federal Budget provides a well-known example of this process. The Australian Federal Budget is prepared by the treasurer and presented to parliament. After the […]

The benefits of solar power

The benefits of solar power

Using the Sun to power your home can help reduce your electricity bills and your carbon footprint. Giving you access to a renewable and clean source of energy, we take a look at how a solar power system can benefit your home.  It doesn’t matter if it’s summer or winter, throughout the year our country bakes […]

Wesfarmers selling troubled Homebase/Bunnings venture in the UK

Wesfarmers selling troubled Homebase/Bunnings venture in the UK

Wesfarmers will sell its troubled Homebase/Bunnings venture in the UK, a move welcomed by brokers as the financial outcome is better than feared. -Wesfarmers entitled to equity proceeds on further sale by Hilco -New business development management has stronger focus on capital allocation -Brokers expect scepticism regarding any further offshore M&A Wesfarmers ((WES)) has bitten the bullet, […]

Capital Market Efficiency and Australian Capital Markets

Capital Market Efficiency and Australian Capital Markets

What is an Efficient Capital Market?   A market where information regarding the value of securities are incorporated into its prices accurately and in real time. Since the value of securities fluctuates and reflect its present intrinsic value, an efficient capital market enables these fluctuations to be reflected in the securities’ current price.   An efficient capital market is one where share prices change and adjust rapidly according […]

The pros and cons between a Retail Store vs Online Store

The pros and cons between a Retail Store vs Online Store

As technology plays a big part in every aspect of people’s lives, it has been changing various consumer habits that affect how businesses are created. From the traditional brick and mortar shop, a number of entrepreneurs are leaning towards an online shop. The difference in convenience, upfront cost, and store management among others makes people […]

New technology could disrupt the Lithium boom

New technology could disrupt the Lithium boom

Silicon battery group and ASX aspirant 1414 Degrees has hit a snag with ASIC.  The Adelaide-based company lodged a prospectus for a capital raising of $30 million to $50 million and public flotation to commercialise its novel energy storage technology last month. But ASIC is seeking more detailed information and 1414 Degrees will have to issue a new prospectus.   The company’s energy storage devices […]

ASX posts best weekly advance in more than a year

ASX posts best weekly advance in more than a year

The ASX snapped a five-session winning streak on Friday but managed to post its best weekly advance for more than a year as investors welcomed some robust corporate earnings updates. On Friday, the S&P/ASX 200 index fell 35 points, or 0.6 per cent, to 6062, taking the gain for the week to 1.84 per cent, […]

Sluggish UK data lowers chances of rate rise

Sluggish UK data lowers chances of rate rise

“Disappointing” data on the UK service sector appears to have cut the chances of an interest rate increase next week.  The IHS Markit/CIPS services purchasing managers’ index rose to 52.8 in April, but was not as strong as expected.  Last month, official figures showed the UK economy grew 0.1% in the first quarter – the slowest rate since 2012.  Given […]