Laura Bessarati
๐ค SpeakerAppearances Over Time
Podcast Appearances
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.
Buy now, pay later firm Zip has been quite interesting today despite its share price barely budging.
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.
This is over an alleged breach of its Zip trademark.
And
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.
So it's been a decade-long fight between the two companies over who could use that Zip trademark.
And today, Zip has been told it has 28 days to make the change.
And we should quickly mention uranium miner Paladin Energy.
Its shares doing absolutely worse today, down at 12%.
It did release its half-year results and its shares are down despite swinging to a profit.
I think that's a wrap for today.
We'll chat to you again tomorrow.
a listener production.
And BHP hit a fresh record high, making it the largest stock on the Aussie market.
I'm Laura Bessarati.
Well, Stevie, it looks like we're on track for a third straight session of declines.
Not falling by much, though, just a very modest move lower, down by a third of 1% heading into the close.
But of course, on Friday, we were down 1.5%.
That was our worst day in seven weeks.