Tech

Read the email Expensify’s CEO sent to customers on MLK Day outlining the company’s plan to fight injustices with a ‘highly experimental’ crowdsourced campaign

Expensify will spend an extra $US3 million to fight systemic injustices in 2021. CEO David Barrett outlined a “highly experimental” plan to let volunteers and donors choose causes. Expensify will focus on climate change, homelessness, hunger, criminal justice, and youth issues. Visit Business Insider’s homepage for more stories. Expensify plans […]
Read the email Expensify’s CEO sent to customers on MLK Day outlining the company’s plan to fight injustices with a ‘highly experimental’ crowdsourced campaign
Markets

CSR shares are being hammered after a steep fall in profits

CSR’s net profit after tax (before significant items) was $94 million, down 31%, for the half year ended 30 September 2018. Statutory net profit after tax was down 77% to $26.8 million, including $67.2 million in significant items. Fully franked interim dividend of 13 cents a share. Shares in CSR […]
CSR shares are being hammered after a steep fall in profits
News

The classic Heinz ketchup packet could disappear as we know it

Heinz may be phasing out its classic ketchup packets. It’s part of a larger sustainability push that Kraft Heinz is spearheading. By 2025, the company aims to make 100% of its packaging recyclable or reusable. Heinz’s classic ketchup packets could be going the way of the fax machine. The condiment […]
The classic Heinz ketchup packet could disappear as we know it
Markets

CSR shares are being crushed

Shares in CSR fell hard after the building products group released its half year results. A short time ago, they were down 6.1% to $4.45. Net profit for the half year to September was up 4% to $118.7 million. “The detached housing market in Australia, which accounts for almost 50% […]
CSR shares are being crushed
Markets

CSR says apartment building is slowing but houses are still strong

Demand for bricks and plasterboard to feed the housing boom helped building products group CSR Limited to an underlying net profit of $103.1 million, a 12% increase, for the half year to September. After significant items, net profit after tax was up 48% to $114.5 million. The company declared an […]
CSR says apartment building is slowing but houses are still strong
Markets

CSR expects the housing boom to keep deliverying better profits

CSR posted a 13% rise in full year net profit to $142.3 million, its best result since 2010 as the housing boom keeps delivering for the building products group. Underlying earnings, before significant items, were $166 million. Revenue was up 14% to $2.298 billion, with record building products earnings of […]
CSR expects the housing boom to keep deliverying better profits
Markets

CSR is sharing its housing boom riches in a buyback

Building products group CSR Limited, its balance sheet swollen by the housing boom, announced a return of surplus cash to shareholders in an on-market share buy-back of up to $150 million. “The hard work over the past few years to improve our operations and invest in new product development has […]
CSR is sharing its housing boom riches in a buyback