Adam Rollason

Sydney

Senior Editor and Head of Audience and Production at Capital Brief

Senior editor, head of audience and production at Capital Brief

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Articles

Seek surges on strong revenue and profit expectations

2 weeks ago | capitalbrief.com | Adam Rollason

The news: Shares in Seek jumped after the online jobs platform announced that FY25 revenue and profit are likely to be in the top half of guidance ranges. The numbers: In an investor day update, Seek said its expects revenue for the current financial year to be at the upper end of its $1.06 billion to $1.1 billion guidance, and adjusted profit is also likely to be within the top half of its $135 million to $160 million guidance.
Liberal Party elects Sussan Ley as new leader

3 weeks ago | capitalbrief.com | Jennifer Duke |Anthony Galloway |Adam Rollason

BriefingLeadership Battle10:23am on 13 May 2025The news: Sussan Ley is the new opposition leader after defeating Angus Taylor in a Liberal party room vote. Sources told Capital Brief the vote was won 29 to 25. The deputy position has been contested by Ted O'Brien and Phil Thompson. Our journalists are working to update this briefing and we will publish more shortly. By, and Let me know about offers and insider updates. Your email address will be stored in accordance with ourprivacy policy.
Trump expected to announce trade deal with UK

1 month ago | capitalbrief.com | Adam Rollason

The news: Donald Trump is reportedly set to announce overnight that the US will strike a trade agreement with the UK. The numbers: The US president imposed a 10% tariff on British goods — the lowest level globally — as part of his 'Liberation Day' announcement in early April. The UK is also subject to Trump's 25% tariff on import of steel, aluminium and automobiles. The context: The New York Times was first to report that a trade deal with the UK was imminent, citing unnamed sources.
Zip shares surge on reaffirmed guidance

1 month ago | capitalbrief.com | Adam Rollason

The news: Shares in Zip were more than 11% higher in afternoon trade after the buy now, pay later lender reaffirmed its earnings guidance and reported strong growth in US transactions. The numbers: In a presentation to the Macquarie Australia Conference, Zip reconfirmed guidance for cash EBTDA of at least $153 million in the 2025 fiscal year.
China cuts key rate, lowers banks' reserve ratio in bid to boost economy

1 month ago | capitalbrief.com | Adam Rollason

12:20pm on 7 May 2025The news: China's central bank has cut its policy rate and reduced the amount of cash lenders must hold in reserve as it seeks to boost the country's economy amid a trade war with the US, news agencies reported. The numbers: Governor of the People’s Bank of China Pan Gongsheng announced on Wednesday that it will cut the seven-day reverse repurchase rate to 1.4% from 1.5%, which will bring down the main policy rate by around 10 basis points.
Sigma sinks despite reporting 36% EBIT growth post-Chemist Warehouse merger

1 month ago | capitalbrief.com | Adam Rollason

The news: Shares in Sigma Healthcare fell in morning trade after the company provided its first earnings update since its reverse merger with Chemist Warehouse. The numbers: The company reported unaudited normalised EBIT (which excludes transaction costs) grew 36% on the first half of FY24 to hit $446.1 million in the first half of FY25. Transaction costs in the third quarter totalled $34.3 million, and $42.4 million across the nine-month period.
NextDC shares jump after it lifts capex guidance

1 month ago | capitalbrief.com | Adam Rollason

The company also said its net revenue and underlying EBITDA guidance for the same period remains unchanged. NextDC's share price was 9.1% higher at $13.82 at 11.02am AEST. The context: NextDC is the largest data centre operator in Australia with facilities across the country, as well as in New Zealand, Japan and Malaysia. Its share price fell steadily in the first four months of the year as enthusiasm for AI-related stocks wavered amid global economic uncertainty.
Future Fund expects inflation, bond yields to remain high as it delivers 7.9% return

1 month ago | capitalbrief.com | Adam Rollason

Skip to content10:58am on 6 May 2025The news: The Future Fund has warned that continued geopolitical uncertainty and market volatility mean inflation and bond yields will likely remain high "for an extended period". The numbers: The sovereign wealth fund also gave an update on its portfolio, reporting a record value of $240.8 billion after delivering a 7.9% investment return in the year 31 March, exceeding its target of 6.9%.
Tesla profit plunges but shares rise as Musk flags DOGE pullback

1 month ago | capitalbrief.com | Adam Rollason

The context: In its quarterly update, Tesla said uncertainty caused by "rapidly evolving trade policy" was hitting the global supply chain and the cost structure of the company and its peers. "This dynamic, along with changing political sentiment, could have a meaningful impact on demand for our products in the near-term," it said.
Consumer sentiment dragged down by tariff turmoil: Westpac survey

2 months ago | capitalbrief.com | Adam Rollason

Skip to content1:29pm on 8 April 2025The news: Australian consumer sentiment plunged in early April in the wake of US President Donald Trump's tariffs announcement, according to the latest Westpac-Melbourne Institute index. The numbers: The index fell 6% from 95.9 in March to 90.1 in April. Notably, those surveyed before Trump's announcement reported an index read of 93.9, but those who responded afterwards reported a read of just 86.6 — nearly 10% lower than the March reading.