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In a report labelled “White lightning”, Macquarie analysts upgraded WiseTech Global to “outperform” and said that the product delays were akin to short-term noise. “We use short-term weakness as an opportunity to enter long-term story,” the analysts wrote. “No evidence of misconduct has been found by the reviewing lawyers. This, coupled with the former CEO […]
B Lab co-founder Andrew Kassoy. “As a society, we’re increasingly dependent on the judgment of a few influential tech leaders, which is inherently risky,” he said. “The way many of these companies have been structured, they have raised capital and then gone public with share structures where there’s basically two classes of shares. One is […]
Following closely behind was Mineral Resources, which dived 13.8 per cent after the company launched an external probe into an alleged tax evasion scheme involving its billionaire founder Chris Ellison. Youth jewellery chain Lovisa closed 6.4 per cent lower. Loading The lowdown Not everyone thinks the double-digit losses in Mineral Resources are justified. “While we […]