Flight Centre posts $485 million turnaround; declares first dividend since pre-COVID
Flight Centre Travel Group has reported underlying EBITDA of $301.6 million, which is a $485 million turnaround from an EBITDA loss of $183 million in FY22.
Investing
Disney ‘repeatedly misled investors’ about streaming losses, lawsuit alleges
The slumping Hollywood titan faces yet another challenge from investors frustrated with the stock’s underperformance.
The world’s third most valuable car-maker you’ve never heard of
Vietnamese EV maker VinFast’s market value has quadrupled in the weeks since its IPO.
A $43 billion value investor’s winning formula for buying unloved foreign stock
Sarah Ketterer’s Causeway Capital is trouncing the competition using a mix of quantitative and fundamental analysis to find bargains among European stocks like Rolls-Royce and Ryanair.
Zoom CEO’s leaked rant about Zoom reveals reason for WFH backflip
Thanks to a leaked recording, we now know why the CEO of work-from-home enabler Zoom asked staff to return to the office.
Qantas posts $2.5b profit, staff to split $340 million in rewards
Qantas Group has posted its first full-year statutory profit after tax since FY19, and claims it plans to share benefits with employees and shareholders.
Foot Locker shares plummet 33% after sales decline
The company attributed a dip in comparable sales to “consumer softness.”
The Aussie hydrogen conglomerate eyeing a North American listing
United H2 Limited (UHL) launched in 2019 and has since formed the world’s largest hydrogen conglomerate. Now, it’s planning a dual listing, and expects to achieve a valuation of $1 billion.
Nvidia stock hits all-time high after 315% surge – easily outpacing its peers
Led by the “godfather of AI,” Nvidia is expected to report a quadrupling of EBITDA this quarter.
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