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Laura Bessarati

๐Ÿ‘ค Speaker
935 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

On top of that, it announced it will buy back an additional $1 billion worth of shares on the market, and that takes its total share buyback to $2.5 billion.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

Buy now, pay later firm Zip has been quite interesting today despite its share price barely budging.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

Now, it's revealed that Zipco can't use its name anymore, so the Zip trade in Australia will no longer be used following a high court decision brought on by a non-bank lender in Brisbane called First Mac.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

This is over an alleged breach of its Zip trademark.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

And

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

And that's because First Mac registered the Zip name back in 2004 for one of its home loan products before Zip was even founded.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

So it's been a decade-long fight between the two companies over who could use that Zip trademark.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

And today, Zip has been told it has 28 days to make the change.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

And we should quickly mention uranium miner Paladin Energy.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

Its shares doing absolutely worse today, down at 12%.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

It did release its half-year results and its shares are down despite swinging to a profit.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

I think that's a wrap for today.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

We'll chat to you again tomorrow.

CommSec Market Update
PM 12 May 26: Markets brace for budget

a listener production.

CommSec Market Update
PM 12 May 26: Markets brace for budget

And BHP hit a fresh record high, making it the largest stock on the Aussie market.

CommSec Market Update
PM 12 May 26: Markets brace for budget

I'm Laura Bessarati.

CommSec Market Update
PM 12 May 26: Markets brace for budget

Well, Stevie, it looks like we're on track for a third straight session of declines.

CommSec Market Update
PM 12 May 26: Markets brace for budget

Not falling by much, though, just a very modest move lower, down by a third of 1% heading into the close.

CommSec Market Update
PM 12 May 26: Markets brace for budget

But of course, on Friday, we were down 1.5%.

CommSec Market Update
PM 12 May 26: Markets brace for budget

That was our worst day in seven weeks.