Cost-of-living pressures and the inflationary pressure on raw materials is having an impact on childcare operator Nido Education (ASX: NDO) which has forewarned that it is unlikely to meet the profit expectations for 2024 that were outlined in their IPO Prospectus when listing on the ASX in October 2023. The childcare centre operator has cited
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While many pandemic emergent companies grapple with cautious consumerism and stale demand, CleanSpace (ASX: CSX), a respiratory technology company, breathes a sigh of relief with their 30% sales growth as compared to last year. In April 2024, they launched CleanSpace WORK, their lightest powered respirator, and at a lesser price point. Their new target audience
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Australia’s largest online bookstore, Booktopia (ASX: BKG) may be on the brink of insolvency with the retailer requesting the ASX continue its suspension of BKG shares while the Company seeks funding to provide ongoing working capital. As cited in a statement by Booktopia, the Company highlighted its ongoing efforts “to seek funding to improve its
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Despite the challenges of COVID-19, Australia’s wealth management market saw a 3% rise, reaching $1.2 trillion in assets (excluding superannuation). Thanks to a resilient stock market, rising asset values, and increased savings, the future looks promising especially over the next five years, according to research by management consulting firm Oliver Wyman. Finance professionals are often
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Mayfield Childcare (ASX: MFD) is set to recoup $1 million from its former CEO Dean Clarke after a settlement was reached between the early childhood operator and its former boss in relation to misappropriation of funds which promptly led to Clarke’s termination in 2022. The misappropriation of funds was first brought to public attention in
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Australia’s childcare industry is thriving, with revenue expected to reach $17.2 billion by 2028-29, according to market researcher IBISWorld, driven by government support and extended attendance hours in 2023.
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