Activeport logs revenue growth and cost cuts in Q1 FY27
Activeport Group (ASX:ATV) reported revenue growth across its three divisions in Q1 FY27 alongside a $2 million annualised cost reduction.
Activeport Group (ASX:ATV) reported revenue growth across its three divisions in Q1 FY27 alongside a $2 million annualised cost reduction.
The ATO released a final ruling that subjects offshore transfers of software and streaming revenue earned in Australia by US tech companies.
The Treasury released advice warning that federal tax reforms would cause a modest, immediate slowing in Australian house price growth.
OncoSil Medical (ASX:OSL) has secured $5.6 million in total commitments through a share placement.
Australian energy producer Santos (ASX:STO) has agreed to pay US$189 million to increase its stake in the Papua LNG Project to 21%.
Sapporo Breweries is shifting some production to the US from Canada due to 50% tariffs imposed on beer exports from the country, Chief Strategy Officer Rieko Shofu said. She spoke exclusively with Bloomberg's Shery Ahn on being impacted by tariffs, as well as the Iran war.
Companies investing in trustworthy AI practices are far more likely to see strong returns from the technology, according to new research from SAS. But trust remains a hurdle: 97% of users override AI recommendations at least some of the time, while employees are less likely to trust increasingly autonomous AI agents. Jay Upchurch, SAS Executive Vice President and Chief Information Officer, joins Bloomberg's Anna Edwards on Bloomberg Television.
Hollywood is having its best year since 2019 as moviegoers return to theaters in force. Global ticket sales are up 15% from last year, with five films topping the billion-dollar mark. Daniel Loria, Senior Vice President at The Boxoffice Company, discusses what's driving the box office comeback and whether the momentum can last.
Japanese startup Preferred Networks is seeking to go public to mass-produce its chips, reflecting the rising cost and scale needed to stay competitive in the global AI race, CEO Daisuke Okanohara said in an interview with Bloomberg News.
Energy Aspects founder Amrita Sen discusses China's demand for oil and the outlook for crude prices as disruptions in the Strait of Hormuz continue. "We've been talking about diesel and gasoline prices being super high, and they need to stay high, but I think crude is about to close that gap," Sen tells Bloomberg Television.
Chancellor of the Exchequer John Healey said he will build on his predecessor Rachel Reeves' efforts to reestablish the UK's credibility in international bond markets. Speaking in the Midlands city of Coventry, Healey also outlined plans to boost regional economies, cut legislation and double the number of so-called unicorn firms in Britain.
Alain Bokobza, head of global asset allocation at Societe Generale, discusses factors weighing on bond yields and the knock-on impact on equities. He speaks on Bloomberg Television.
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