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Finance & Markets

Australian Market Sharply Higher

(RTTNews) - The Australian market is trading sharply higher on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,950 level, with strong gains in mining and techno

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Australian chain David Jones collapses after almost 200 years

Physical and online stores are continuing to trade while the search goes on for buyers or offers to recapitalise the business.

  • David Jones, Australia's oldest department store, collapses after 200 years.
  • Founded in 1838 by Welsh immigrant, now faces liquidation.
  • 38 physical and online stores continue operation post-collapse.

Kyndryl: 3 Key Takeaways for Long-Term Investors

Gross margin climbed to 22.5% in the first half, and management expects further gains, pointing to better profit quality beyond sheer deal volume.

  • Kyndly expanding beyond infrastructure maintenance, signing 43 large contracts in past year
  • Gross margin at 22.5% for first half, expecting further expansion through automation
  • Enterprise clients increasingly using Kyndryl Consult for AI and cybersecurity deployments

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