Latest news with #AustralianSecuritiesExchange
Time of India
4 days ago
- Time of India
Universal Store founder stabbed to death at Brisbane mansion party by 15-year-old
A 15-year-old boy has been charged with murder after the fatal stabbing of Greg Josephson , the co-founder of Australian fashion chain Universal Store , at a house party in Brisbane's inner north. Police were called to a home on Oriel Road in Clayfield around 8:15 pm on Thursday(June 26), where they found 58-year-old Josephson dead. Authorities said approximately 30 people, many of them teenagers, were attending the party to mark the end of the school term. The boy, who is known to Josephson , was arrested nearby shortly after calling emergency services himself. Police believe he was the only person involved in the alleged attack. Detective Acting Superintendent Craig Williams confirmed the murder weapon had been recovered and that the boy was cooperating with authorities. He said the party was not out of control and there was no indication other guests were involved in the incident. 'This is a tragic incident that will affect the family, the community as a whole, and other young persons who were at the house at the time,' Williams said. Live Events The 15-year-old suspect was denied police bail and appeared in Brisbane Children's Court on Friday via video link. The case has been adjourned to September 2 for a brief of evidence. Who was Greg Josephson? Josephson was a well-known businessman in Queensland. He and his brother Michael founded Universal Store in 1999. The brand grew into a successful youth fashion chain before being sold to private equity investors in 2018. It later went public on the Australian Securities Exchange in 2020. In a statement, Universal Store paid tribute to its late co-founder: 'We wanted to share the sad news that Greg Josephson, who founded our company and played a significant role until 2018, has recently passed away. Our sincere thoughts and condolences are with his family at this very sad time.' Josephson also had substantial property investments and was remembered by friends and community members as a 'gentle soul' and a generous presence in the local business scene.
Iraqi News
24-06-2025
- Business
- Iraqi News
Virgin Australia surges in market comeback
Sydney – Virgin Australia climbed sharply as it re-entered the local share market Tuesday, a dramatic comeback from near bankruptcy more than four years ago. A 30-percent chunk of Virgin Australia, one of the few domestic rivals to Qantas, was sold in an initial public offering this month at Aus$2.90 a share to raise Aus$685 million (US$444 million). The price values the entire airline at Aus$2.3 billion. The stock, which listed on the Australian Securities Exchange at noon, climbed 8.6 percent from the offer price in the first five minutes of trade. US private equity giant Bain Capital came to the airline's rescue in late 2020 after the Australian government refused to bail it out as the Covid-19 pandemic brought international travel to a standstill. 'Today marks the start of an exciting new chapter for Virgin Australia as a publicly listed company,' said airline chairman Peter Warne. 'Our listing reflects the remarkable work undertaken over the past five years to transform the airline and position it for long-term success,' he said in a statement. After selling a 30-percent stake in Virgin Australia in the initial public offering, Bain now holds about 40 percent of the airline. Qatar Airways bought a 25 percent share in the carrier this year. Qatar's entry injected a dose of foreign competition against Australia's dominant carrier Qantas and its budget offshoot Jetstar, which together carry more than 60 percent of domestic passengers. 'We are proud of how far we have come and energised by the opportunities ahead as we continue to realise our ambition of being Australia's most loved airline,' Virgin Australia chief executive Dave Emerson said.
France 24
24-06-2025
- Business
- France 24
Virgin Australia surges in market comeback
A 30-percent chunk of Virgin Australia, one of the few domestic rivals to Qantas, was sold in an initial public offering this month at Aus$2.90 a share to raise Aus$685 million (US$444 million). The price values the entire airline at Aus$2.3 billion. The stock, which listed on the Australian Securities Exchange at noon, climbed 8.6 percent from the offer price in the first five minutes of trade. US private equity giant Bain Capital came to the airline's rescue in late 2020 after the Australian government refused to bail it out as the Covid-19 pandemic brought international travel to a standstill. "Today marks the start of an exciting new chapter for Virgin Australia as a publicly listed company," said airline chairman Peter Warne. "Our listing reflects the remarkable work undertaken over the past five years to transform the airline and position it for long-term success," he said in a statement. After selling a 30-percent stake in Virgin Australia in the initial public offering, Bain now holds about 40 percent of the airline. Qatar Airways bought a 25 percent share in the carrier this year. Qatar's entry injected a dose of foreign competition against Australia's dominant carrier Qantas and its budget offshoot Jetstar, which together carry more than 60 percent of domestic passengers. "We are proud of how far we have come and energised by the opportunities ahead as we continue to realise our ambition of being Australia's most loved airline," Virgin Australia chief executive Dave Emerson said.
Fintech News ME
20-06-2025
- Business
- Fintech News ME
Property Finder Appoints REA Group CEO Owen Wilson to Board
Property Finder, a Dubai-based property portal, has appointed Owen Wilson, Chief Executive Officer of REA Group, to its Board of Directors. Wilson brings extensive executive and operational experience, including nearly a decade at REA Group. He joined the Australia-based company as Chief Financial Officer before being appointed Chief Executive Officer. REA Group, listed on the Australian Securities Exchange (ASX) with a market capitalisation of approximately US$ 20 billion, is known for operating an Australian property platform. The company is majority-owned by News Corp and was previously a shareholder in Property Finder. During his tenure, Wilson led REA Group through a period of consistent growth and international expansion. The business has gained a reputation as one of the most advanced digital real estate companies globally. Wilson's appointment to Property Finder's Board reflects the company's focus on strengthening governance, enhancing innovation, and continuing to develop its services for home seekers, buyers, and partners in the region. Owen Wilson said: 'I've long admired Property Finder's bold vision and the transformative role it plays in reshaping real estate across the MENA region. Under Michael's leadership, the team's relentless focus on innovation, customer experience, and data-driven decision-making closely aligns with the values I've championed throughout my career. I'm excited to support Michael and the Board as the company embarks on its next chapter of growth and continues to shape the future of property search.'
Time Business News
20-06-2025
- Business
- Time Business News
ASX Today: What's Moving the Markets and Why It Matters
Every trading day, the ASX today reflects the pulse of the Australian economy. The ups and downs of the market are shaped by a complex web of factors, from global events and corporate earnings to investor sentiment and policy changes. But for investors and professionals alike, understanding what's driving the market is essential to making informed decisions. In this article, we'll unpack what's influencing the ASX 200 list, explore the latest stock market news, and explain why these movements matter for both short-term traders and long-term investors. The Australian Securities Exchange (ASX) is home to more than 2,000 listed companies and plays a pivotal role in the Asia-Pacific financial landscape. Each day, the ASX index — particularly the ASX 200 — offers a real-time snapshot of market performance, investor confidence, and economic trends. As of today, several forces are influencing movements across key sectors. The major players include global market sentiment, commodity price fluctuations, earnings reports, and domestic policy announcements. Keeping an eye on the ASX today allows investors to respond proactively rather than reactively. 1. Global Economic Sentiment International markets remain a powerful force on the ASX. The overnight performance of US and European exchanges often sets the tone for the Australian open. If Wall Street rallies on strong jobs data or earnings results, local investors tend to follow suit. Conversely, concerns about inflation, interest rates, or geopolitical instability can dampen local market confidence. 2. Commodities and Resources Australia's economy is heavily influenced by resource exports. Today, iron ore and lithium prices are drawing attention. Strong demand from China continues to buoy miners like BHP, Rio Tinto, and Fortescue Metals. Investors tracking stock market news will notice that shifts in commodity prices often translate quickly into ASX performance, particularly within the materials and energy sectors. 3. Earnings Season Updates Corporate earnings remain one of the biggest drivers of short-term market movements. Companies reporting better-than-expected profits typically see a share price boost, while disappointing results can lead to a swift sell-off. Today's earnings highlights include major retail and financial sector players, and their performance is shaping broader sector sentiment. 4. RBA and Interest Rate Expectations The Reserve Bank of Australia (RBA) plays a key role in shaping market expectations. While the official cash rate hasn't moved this month, speculation continues about future hikes or cuts based on inflation data and economic forecasts. This directly affects bank stocks and consumer discretionary companies, which are sensitive to borrowing costs and household spending. Despite global headwinds, tech stocks on the ASX have shown pockets of resilience. Today's gains in this sector are being driven by optimism around AI applications and cybersecurity investments. However, volatility remains high, and staying updated with accurate Australian finance news is vital for understanding the risks and opportunities. – Healthcare ASX-listed healthcare giants such as CSL and Cochlear remain defensive favourites. Amid global uncertainty, investors are looking for stability, and today's activity in this sector suggests continued confidence in long-term fundamentals. – Financials The big four banks are steady performers today, supported by robust earnings reports and low default rates. However, analysts are closely watching any guidance related to mortgage activity and provisions for loan losses. Understanding the forces behind the ASX today can help investors rebalance their portfolios. For instance, a surge in commodities might prompt a reallocation towards mining stocks, while signals of rising rates could lead to caution in interest-rate-sensitive sectors. – Opportunity Timing Short-term traders look for daily volatility to generate returns. Today's activity in energy and tech presents such opportunities, but only for those equipped with timely stock market news. – Economic Insight Daily ASX movements don't just reflect investor behaviour; they also mirror broader economic health. A strong day on the ASX often points to optimism about Australia's growth prospects, consumer confidence, and business resilience. In today's digital age, it's easy to get overwhelmed by headlines and commentary. That's why accessing reliable, independent, and analytical Australian finance news is essential. Platforms like FN Arena deliver curated insights, backed by data and expert commentary, helping investors separate signal from noise. By staying informed through credible financial news sources, you gain the tools to make rational, well-timed decisions — rather than being swayed by market noise or speculation. The ASX today is more than just numbers on a screen. It's a dynamic reflection of investor sentiment, economic indicators, and sectoral shifts. Whether you're a self-managed super fund trustee, a day trader, or someone managing long-term wealth, understanding what moves the markets — and why — can make all the difference. Staying on top of the latest stock market news and broader Australian finance news helps sharpen your strategy, build your confidence, and ultimately grow your financial success. TIME BUSINESS NEWS
