Aristocrat Leisure has hooked Big Fish, a US social casino app developer, which is expected to boost recurring revenue. The acquisition confirms a stronger focus on digital gaming.
Appen’s game-changing acquisition leaves the company firmly positioned to ride the new wave of artificial intelligence applications.
Pending superannuation reforms have slowed the take-up of new cloud-based offerings from Class Ltd, although brokers assert the company still has a strong and attractive product.
Origin Energy has outlined substantial cost reductions for APLNG yet maintained FY18 production guidance.
Healthscope has provided more clarity regarding the new Northern Beaches Hospital in Sydney, although brokers remain wary of the longer term targets.
Peter Switzer of the Switzer Super Report argues why concerns over Australia’s growing household debt levels have been overblown.
The Chartist reports the US dollar index has failed at head & shoulders support and thus further downside is expected.
NBN Co will cease activating the HFC component of its broadband roll-out for 6-9 months in order to improve the service quality of current connections. Brokers suggest Telstra has a natural hedge in the near term, earning income from those still connected via traditional means.
South32 has moved towards the exit for South African thermal coal, beefing up the Klipspruit project while contemplating a listing of the division on the Johannesburg Stock Exchange.
Michael Gable of Fairmont Equities suggests investors should brace for further downside in QBE Insurance.
