KPN reports on progress of EUR 200m share buyback

Yahoo Finance AU
Resort's 'ridiculous' cashless excuse as Aussies cop $4b hit: 'Screwing over people who can least afford it'
The excuses being concocted by Australian businesses for not accepting cash are becoming more and more ridiculous.
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Yahoo Finance AU
Westpac's major move on branches as regional Aussies suffer with bank and ATM closures
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Commonwealth Bank cuts 11 interest-free days from its rewards cards
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Reuters
Trump raises stake in his media firm to nearly 65%
The former U.S. president and Republican presidential candidate secured 36 million shares of Trump Media & Technology Group (TMTG), increasing his stake from 57.6% as of March. Reuters reported last week that Trump would secure a stock bonus worth $1.3 billion from TMTG, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The bonus also reflects the exuberant trading in TMTG's shares, which have been on a roller coaster ride since the company listed on Nasdaq last month through a merger with a special purpose acquisition company (SPAC) and was snapped up by Trump supporters and speculators.
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Reuters
Australian retailer Woolworths to sell $303 million stake in Endeavour Group
(Reuters) -Australian retailer Woolworths said on Wednesday that it would sell a 5% stake worth A$468 million ($302.84 million) in Endeavour Group, almost three years after spinning out the liquor store and pub operator. The sale will happen via a block trade at a price of A$5.22 per share, Australia's largest supermarket operator said, adding that it would now own about 4.1% of Endeavour, which it spun out as a separate company in 2021. Shares of Woolworths slipped 0.4%, while those of Endeavour were down 5% in early trade.
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Bloomberg
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Yahoo Finance Video
McDonald's has 'outpriced' customers amid menu hikes: Analyst
McDonald's (MCD) first-quarter earnings report showcased a combo meal of international headwinds, including global sales growth slowing behind figures from this time last year and boycotts related to the ongoing Israel-Palestine conflict. Additionally, inflation and rising menu prices are taking a toll on lower-income consumers. On the fast-food chain's earnings call, McDonald's CEO Chris Kempczinski stated that "consumers continue to be even more discriminating with every dollar that they spend as they face elevated prices in their day-to-day spending." Placer.ai Head of Analytical Research R.J. Hottovy sits down with Catalysts to discuss whether McDonald's item prices are beginning to price out certain consumer demographics. Placer.ai data found McDonald's to maintain higher monthly foot traffic growth over the past year than its competition. "Right now consumers are really focused on value, and not just discounts. I think that low price point is something that they're certainly focused in on," Hottovy says. "We've seen groups that really market around a low price point, generally a higher visitation trade. And so I think that's what McDonald's may be pivoting to in the future. There's a lot of discussion about future value plans in the US and abroad in the earnings call today. I think that's really going to be a key message..." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
2 days ago
Reuters
As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets
BHP Group can't cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, concerned that they stand to lose heavily by holding shares in South African subsidiaries. The world's No. 1 miner is weighing up its next move after its initial $39 billion takeover proposal for smaller rival Anglo was rejected last week. BHP has proposed that Anglo sell its shares in units Anglo Platinum (Amplats) and Kumba Iron Ore as an option to exit the South African assets it doesn't want included in the deal.
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Insider Monkey
LTC Properties, Inc. (NYSE:LTC) Q1 2024 Earnings Call Transcript
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Bloomberg
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NCA NewsWire
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Reuters
JGB yields rise with US peers, yen steady as Fed outcome awaited
The yen was steady at 157.87 per dollar following two days of volatile trade that saw it tumble beyond 160 for the first time in 34 years and then spring back as far as 154.40 in what now looks almost certain to have been intervention by Japanese authorities. The 10-year JGB yield rose 2 basis points to 0.89% as of 0543 GMT on Wednesday, recouping some ground lost the previous day, when it fell as low as 0.865%. Monday was a national holiday in Japan, forcing local investors to catch up with two days of declines for U.S. yields.
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Bloomberg
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Yahoo Finance AU
Fast-growing Aussie bank starts major overhaul as all branches lose cash ahead of 'digital only' deadline
Macquarie Bank customers only have a few weeks left to access over the counter services.
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Bloomberg
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Reuters
UPDATE 2-PayPal lifts 2024 profit forecast, execs focus on branded checkout growth
PayPal executives on Tuesday emphasized plans to reignite growth in branded checkout products that have struggled in recent years as big tech expanded market share, after the payments firm raised its forecast for full-year adjusted profit. The company's stock had struggled last year on fears that the entry of Apple and Alphabet's Google in digital payments could take away a big chunk of PayPal's mainstay business. PayPal's unbranded businesses have grown, but weakness in its branded business such as Venmo has been central to investor anxieties.
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Oil prices rebound on prospect of US replenishing strategic reserve
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KPN reports on progress of EUR 200m share buyback

Latest stories

Resort's 'ridiculous' cashless excuse as Aussies cop $4b hit: 'Screwing over people who can least afford it'

Westpac's major move on branches as regional Aussies suffer with bank and ATM closures

Commonwealth Bank cuts 11 interest-free days from its rewards cards

Trump raises stake in his media firm to nearly 65%

Australian retailer Woolworths to sell $303 million stake in Endeavour Group

Bitcoin Faces Worst Month Since FTX Crash With ETF Demand Cooling

McDonald's has 'outpriced' customers amid menu hikes: Analyst

As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets

LTC Properties, Inc. (NYSE:LTC) Q1 2024 Earnings Call Transcript

NYCB Soars on Calmer Results as CEO Embarks on an Overhaul

Woolies warns of ‘shift’ in spending

Oatly Group AB (NASDAQ:OTLY) Q1 2024 Earnings Call Transcript

NAB earnings miss amid profit squeeze

JGB yields rise with US peers, yen steady as Fed outcome awaited

Cocoa Prices Swing Wildly as Liquidity Overshadows Supply Issues

Fast-growing Aussie bank starts major overhaul as all branches lose cash ahead of 'digital only' deadline

Tesla Gives Back Some of $82 Billion Gain From Tentative China Deal

UPDATE 2-PayPal lifts 2024 profit forecast, execs focus on branded checkout growth

6 Ways To Become a Millionaire That You’ve Never Heard Of

Oil prices rebound on prospect of US replenishing strategic reserve