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ANZ to buy back up to (A$1.5bn) of shares as it has more than doubled its cash profit in the first half in 2021.

Australia and New Zealand Banking Group (ANZ) has unveiled plans to buy back up to $1.1bn (A$1.5bn) of shares, as it marked a sharp rebound by more than doubling its cash profit in the first half. The on-market buyback, part of its capital management plan, is planned to commence next month. At the end of March this year, the bank’s Level 2 CET1 ratio stood at 12.4%, which surpasses APRA’s requirement of 10.5%. The lender expects the …

Cybersecurity complexity banner showing digital network security challenges for Australian businesses

Red Piranha named in the ‘Top 20 companies to watch’ by Insight Success Magazine for Cybersecurity

Australian Cybersecurity company Red Piranha has been announced as one of the ’20 Best Companies To Watch’ by Insight Magazine. We’re thrilled to be included and this’ further testament to our ongoing commitment to deliver the worlds fastest Unified Threat Management platform. Announcement URL: https://redpiranha.net/news/red-piranha-one-watch About Red Piranha: At Red Piranha, we came up with a simple concept: a holistic security solution that works. Recruiting a team of experts from around the globe – from engineers …

Aerial tower view looking down to waterfront at Auckland New Zealand Indigo Hotel development

Construction of $250m 41-level tower starts: New Indigo Hotel, 30 apartments – 51 Albert Street, Auckland, New Zealand.

      The ground was broken in Auckland this morning on the site of a new tower to be built behind the facades of a century-year-old heritage-listed block. The back and front facades of the historic Macdonald Halligan Motors building remain, with all interiors stripped out after work by a developer to demolish most of that building for a 41-level $250 million apartment/hotel tower. Dean Rzechta, managing director of Melbourne-headquartered 94 Feet, arrived from Australia …

Infographic showing daily time spent on the internet and social media by Australians

100+ Social Media Demographics that Matter to Marketers in 2021

General social media demographics Here are a few general social media demographic points you should know to help your brand find success: #1: In October 2020, the number of social media users worldwide passed the 4 billion mark. #2: A user spends an average of 2 hours and 29 hours on social media each day. Globally, internet users are spending more than 33% of their internet time on social media. Source: Digital 2020 #3: Put another way, social media …

Chart showing rising global cybercrime costs projected to reach 10.5 trillion by 2025

Cybercrime – Will be $10.5 Trillion By 2025

If it were measured as a country, then cybercrime — which is predicted to inflict damages totalling $6 trillion USD globally in 2021 — would be the world’s third-largest economy after the U.S. and China. Cybersecurity Ventures expects global cybercrime costs to grow by 15 per cent per year over the next five years, reaching $10.5 trillion USD annually by 2025, up from $3 trillion USD in 2015. This represents the greatest transfer of economic wealth in history, …