Skip to main content

Aggregator

What News (NWS) Said on Its Q1 Earnings Call

1 week 1 day ago
News (NASDAQ:NWS) reported higher revenue and profit for its fiscal first quarter of 2027, as growth at Dow Jones, digital real estate and book publishing offset a weaker performance in its news media division. Revenue rose 6% from a year earlier to $2.3 billion, while total seg

David Jones goes into administration, with store closures expected and thousands of jobs at risk

1 week 1 day ago

Future of Australia’s upmarket department store in jeopardy after years of steep losses, and outer suburban and regional locations vulnerable

Australia’s premier upmarket department store David Jones has collapsed into voluntary administration, putting thousands of jobs at risk amid warnings “difficult decisions” lie ahead to salvage the 188-year-old retailer.

The upheaval follows years of steep losses and underperforming stores that left the heritage retailer falling behind on rent, culminating in a breakdown of negotiations with its primary landlord, Westfield owner Scentre Group.

Continue reading...