• The Daily Deck
  • Posts
  • Xero’s restructure bears fruit with 90% rise in earnings

Xero’s restructure bears fruit with 90% rise in earnings

November 10, 2023

Good Morning,

Xero’s restructure bears fruit with 90% rise in earnings, ASX climbs to three-week highs, RBA rate cut at play, Petrol prices to drop as Middle East supply fears ease, Second proxy advisor backs Brookfield's $10.5 bln bid for Origin Energy, BNZ profit rises to $1.5b despite second-half headwinds and China’s Consumer Deflation Returns as Recovery Remains Fragile.

Let's jump in.

Before The Bell

Markets

  • Dollar Crisis Spurs Malawi to Devalue Its Currency by 44% (BBG)

  • ASX climbs to three-week highs, RBA rate cut at play (AFR)

Earnings and Data

  • Xero’s restructure bears fruit with 90% rise in earnings (NBR)

  • BNZ profit rises to $1.5b despite second-half headwinds (NBR)

  • ‘Significant’ profit and revenue slump at Mainfreight (NBR)

  • SoftBank books $5.2 bln quarterly loss as WeWork, tech investments bite (RT)

News Summary

  • First-home buyers 'overcome challenges' to take record share of purchases (Stuff)

  • SkyCity issues warning over scam gambling sites (Stuff)

  • Negotiations under way for three-day cease-fire in Gaza (Stuff)

  • Israel releases 'substantial evidence' it says shows Hamas is 'exploiting ambulances for terrorist activities' (Stuff)

  • China’s Consumer Deflation Returns as Recovery Remains Fragile (BBG)

  • Apple Suffers Setback in EU Clash Over $14 Billion Tax Bill (BBG)

  • Inca Newmarket owes unsecured creditors more than $800k (NBR)

  • Petrol prices to drop as Middle East supply fears ease (AFR)

  • Qantas detailed thousands of cancelled flights days before Joyce share sale (AFR)

  • Falling Treasury yields could turn Fed hawkish if financial conditions ease (RT)

  • SoftBank makes another bet on WeWork, hoping landlords will too (RT)

Deal Flow

Investments / M&A

  • WeWork’s Bankruptcy Caps Swift Downfall for $47 Billion Standout (BBG)

  • Rocket Lab Electron launches back on after failure investigation (NBR)

  • Second proxy advisor backs Brookfield's $10.5 bln bid for Origin Energy (RT)

Daily Picks

  • All Black Beauden Barrett set to sign long-term NZ Rugby deal, available in 2024 (Stuff)

The Daily Deck is sponsored by Industrial Equity, LLC

Reply

or to participate.