Business news

    ASX200 higher; Afterpay increases US ownership; Qantas posts record loss

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    Highlights
    • ASX200 up 0.98% at 6844.50 today.
    • Afterpay to spend $595m to increase Afterpay US ownership.
    • Qantas posts record loss & updates international travel plans.

    The tech sector is higher today driven by Bravura Solutions surging almost 8% after it posted strong half-year results including a net profit after tax of $9m.

    The Australian market is also gaining today led by gains in the energy sector and a surge in travel stocks.

    Silk laser clinics reached a record high share price today following very strong first-half results of a 62% increase in network sales and a 78% rise in revenue as a growing number of young clients turn to cosmetic injections post pandemic.

    Bitcoin is steady today trading around US$50,000, up 0.28% in the last 24-hours.

    Afterpay?s exponential growth continues as the BNPL giant announces it will spend $595m to increase its ownership in Afterpay US from 80% to 93% buying shares from major investors Matrix Partners and American employees.

    In the headlines, Qantas is preparing to launch a travel bubble with NZ by July and other international destinations by October, on the same day it announces a record $1.8bn half-year revenue loss.

    And the new Museum Alive app brings nostalgia to your living room. Using AR technology, the app brings historical exhibits and extinct animal dioramas to your iPhone with narration by the iconic David Attenborough.

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