Trading DayBanks weigh after a bearish note from Citi. Miners supported after China’s GDP surprise. Rio Tinto, Glencore reportedly in merger talks. Insignia soars after CC Capital outbids Bain. Lovisa gains on broker upgrade.
NewsWireBuy-now pay-later giant Afterpay has revealed some surprising Aussie fashion trends in its latest Afterpaid report, with one colour dominating 2024.
THE GROWTH AGENDAThe Growth AgendaIkea is teaming up with Afterpay to leverage the BNPL company’s significant Gen Z and Millennial customer base and help shoppers manage spending this festive sales season.
Danielle Long
BoardroomsTechnologyAnthony Eisen became one of the country’s wealthiest men after co-founding tech giant Afterpay more than a decade ago – now he has left his executive role to focus on philanthropy.
BusinessBarefoot Investor tells a bride-to-be who discovered her fiancé’s $9000 Afterpay and Uber Eats debt to ‘give love a chance’ before kicking him to the kerb.
SCOTT PAPE
Financial servicesFinancial ServicesOne of the world’s largest buy now, pay later services says it will introduce a self-regulated spending limit for customers to help prevent them over extending on impulse purchases.
FinanceNewsWireAfterpay customers received an email from the company announcing the change that will be brought in later this year.
THE GROWTH AGENDAThe Growth Agenda A brand marketing campaign by Afterpay, which aimed to prove the power of the discipline, has exceeded return-on-investment and customer acquisition targets to drive effectiveness and growth for the business.
DANIELLE LONG
WorkspacePropertySalesforce is cutting down on collaboration spaces and hot desks in its new tower, moving away from a trend adopted by Afterpay and Canva, which the software company says just doesn’t work.
PropertyPropertyAustralia’s largest buy now, pay later operator and a payment terminal giant plan to woo customers after relocating to the most unlikeliest of locations – a reimagined brewery.
EXCLUSIVEHealthPsychologists say patients are unable to access their help because of rising costs, with shortening waitlists triggering concern that people are simply unable to afford the psychological care they need.
Trading DayTrading Day‘People were making good money for good effort. But it wasn’t egregious’: Luke Sayers. Mercer to cough up $11.3m for greenwashing. ASX has worst day in almost two years. JB Hi-Fi falls on downgrades. Afterpay owner among top gainers on strong guidance.
earningsTechnologyUS fintech Block is banking on the founder of Afterpay to help reinvent sales at its payment terminal company Square after slowing growth.
Trading DayTrading DayCBA hits new record high. NIB’s long-time CEO Mark Fitzgibbon flags retirement amid battle with St Vincent’s Health. Rex halts trade as Deloitte experts fly in. Viva interim earnings rise amid ‘soft’ conditions.
StockheadStockheadWord is that demand for Guzman y Gomez’s Thursday IPO is so hot investors won’t be able to satisfy their appetite for shares. But Morningstar has advised caution.
Eddy Sunarto
BankingFinancial ServicesThe central bank may compel buy now, pay later operators such as Afterpay to ditch the no-surcharge rules currently forced on retailers.
Financial servicesFinancial ServicesAfterpay has called for Treasury to ‘take all necessary steps’ to align its BNPL regulatory framework with that of New Zealand’s, as the industry braces for tighter lending obligations.
ConstructionPropertyDevelopers will be able to secure pre-sales with buyers initially stumping up just $10,000, in a new play by Commonwealth Bank and Coposit to help get more projects built.
EditorialJim Chalmers’ third budget deserves the moniker ‘audacious’ for all the wrong reasons. What sets this budget apart and marks it out as inferior to the efforts of Keating and Costello is that it unashamedly increases the footprint of government in the economy and in Australians’ lives.
Editorial
EXCLUSIVENationDesperate Australians have turned to platforms such as Afterpay to cover mental health care, amid calls to increase Medicare rebates for psychiatry services.