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Company Interview / Market update | Boss Energy, Fortescue, Karoon Energy, Lovisa, Perpetual, Zip

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Market update | Boss Energy, Fortescue, Karoon Energy, Lovisa, Perpetual, Zip

Company Interview30 Jan, 2025

ASX 200 shows resilience, briefly hitting a record before a slight dip. ZIP (ASX:ZIP) reports an exceptional holiday trading period, with revenue up 21% to nearly $270 million, yet sees share drop due to a dip in revenue margin.

Karoon Energy's (ASX:KAR) shares rise 8% following a 54% sales increase and a $75 million buyback, despite a 3% decline in production. Lovisa (ASX:LOV) faces a class action over alleged staff underpayment but plans to defend itself in court.

Bell Potter upgrades Fortescue (ASX:FMG) to hold, while Citi raises the target for Boss. (ASX:BOE) JP Morgan reveals its top stock picks for 2025, spotlighting the tech sector. Perpetual (ASX:PPT) records a 3.6% increase in assets under management.

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Market update | Boss Energy, Fortescue, Karoon Energy, Lovisa, Perpetual, Zip - Ausbiz Capital