Business News Australia reports on business news, trends, and profiles for Adelaide business owners, executives and entrepreneurs.

ADELAIDE DIGITAL MARKETING GURUS CHANGING THE FACE OF ONLINE RETAILING

ADELAIDE DIGITAL MARKETING GURUS CHANGING THE FACE OF ONLINE RETAILING

Frank Grasso, CEO of Adelaide based Dynamic Creative, believes his company's new software will revolutionise Adwords forever.

Google's Adwords has been a staple of online marketing campaigns since it was launched in 2000.

The system, which allows retailers to position their products at the top of Google, has stagnated over the year...

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RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussions with lenders to restabilise its battered capital structure.

Following a gruelling saga, Slater and Gordon has now been notified that in excess of 94 per cent of its debt facility, including debt with Westpac, National Austral...

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SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from the venture capital fund it has set up in partnership with Artesian Venture Partners and industry superannuation fund Hostplus.

This follows the SproutX pre-accelerator program, held in late 2016, where 110 startups and entr...

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HOW INTEGRATED SOFTWARE, THE CLOUD AND ARTIFICIAL INTELLIGENCE WILL CHANGE BUSINESS

HOW INTEGRATED SOFTWARE, THE CLOUD AND ARTIFICIAL INTELLIGENCE WILL CHANGE BUSINESS

CHATBOTS, collective intelligence and blockchain are some of the big technology trends that will change the way businesses are run in 2017, says SAGE Australia VP Alan Osrin (pictured).

Speaking to Business News Australia at the SAGE Summit Melbourne, where the company painted its vision of 'invisible accounting', Osrin implored busin...

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GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offshore manufacturing.

"We never thought that after 108 years of making bricks in Australia, we would now need to investigate manufacturing overseas," says Millner.

Millner says Brickworks' recent gas contract neg...

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CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost half of the total capital transacted during 2016. Last year around US$28.2 billion flowed in from Chinese investors who were seeking a slice of Aussie property, often in the form of Melbourne and Sydney's CBD office assets....

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SPECIAL FORCES PERSONNEL REVEAL HOW TO STAY SAFE WHEN TRAVELLING

SPECIAL FORCES PERSONNEL REVEAL HOW TO STAY SAFE WHEN TRAVELLING

YOU'VE seen it in the movies: the lone wanderer mugged in the alleyway, the family member taken hostage for ransom or the business person extorted for money at gunpoint. While it's easy to adopt the mentality that 'it will never happen to me', statistically speaking, this is far from the truth when it comes to not just hig...

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JANINE ALLIS' SPECIAL BLEND TO BOOST SUCCESS

JANINE ALLIS' SPECIAL BLEND TO BOOST SUCCESS

BOOST Juice founder Janine Allis spent some time 'winging it' before building a world-class business.

Born in the 'burbs and from humble beginnings, Allis (pictured) partied with rock stars in her twenties in the south of France before finding her calling.

Across almost two decades in business, Allis has just survived, a...

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BE TENACIOUS, BE WISE: KATE MIDDLETON'S TOP CAREER TIPS

BE TENACIOUS, BE WISE: KATE MIDDLETON'S TOP CAREER TIPS

KATE Middleton knows a thing or two about slaying career goals, having become CEO of insurance engineering firm Censeo at age 36.

In celebration of International Women's Day, Kate has shared her top three tips to take ownership of your career to get where you want to be. Be tenacious Tenacity, persistence, determination and p...

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RBA KEEPS CASH RATE ON HOLD AT 1.5 PER CENT

RBA KEEPS CASH RATE ON HOLD AT 1.5 PER CENT

FOR THE seventh consecutive month, the Reserve Bank of Australia (RBA) has decided to leave the official cash rate on hold at 1.5 per cent.

Inflation remains below the official target of 2 per cent and "quite low" according to the RBA, and with growth in labour costs remaining subdued, underlying inflation is expected to stay low fo...

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KOPLOVITZ GIVES SPRINGBOARD TO AGILE ENTREPRENEURS

KOPLOVITZ GIVES SPRINGBOARD TO AGILE ENTREPRENEURS

FOR Kay Koplovitz, the key to being a successful entrepreneur is an agile mind - one that is always learning and quick to take on board new insights.

It's what Koplovitz looks for in candidates for the female focused scale-up incubator she founded, Springboard Enterprises, which has mentored 642 entrepreneurs since the year 2000.

...

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SONAND TURNS THE TIDE AT SURFSTITCH

SONAND TURNS THE TIDE AT SURFSTITCH

SURFSTITCH (ASX:SRF) has reduced its losses in the first half of FY17 as new CEO Mike Sonand executed his turnaround strategy.

In his first full half in charge of the Gold Coast-based action sports electronic retailer, Sonand reduced losses from continuing operations to $5.6 million, compared to $13.6 million the previous corresponding period...

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FASHION RETAILER'S TAKEOVER IN DOUBT AS PROFIT CLIMBS

FASHION RETAILER'S TAKEOVER IN DOUBT AS PROFIT CLIMBS

IN the thick of takeover talks, Specialty Fashion Group (ASX: SFH) worked hard to cut costs and see its bottom line benefit for the half year to December.

The owner-operator of brands including Rivers, Katies, Crossroads and Millers welcomed a profit rise to $12.1 million, an increase of 36.8 per cent on the $8.8 million achieved in the ...

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HOW TO TAKE CONTROL OF YOUR CAREER THROUGH TRAINING

HOW TO TAKE CONTROL OF YOUR CAREER THROUGH TRAINING

GIG economy, remote working, and freelance Friday are more than just buzz terms; our workforce is changing, and so too is its driver: education.

But it's not the online education revolution you might think. As industry insiders speculate online education and course delivery will be the way of the future, Melbourne startup training.co...

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EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your business.

The promise of faster, more reliable internet will allow businesses to entirely operate from the cloud, eliminate geographic borders, use flexible working strategies for better productivity, and integrate their commu...

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INTEREST IN RETAIL PROPERTY SPIKES AS INTERNATIONAL BRANDS LOOK TO ROLL OUT IN AUSTRALIA

INTEREST IN RETAIL PROPERTY SPIKES AS INTERNATIONAL BRANDS LOOK TO ROLL OUT IN AUSTRALIA

AN influx of international retail brands into Australia over the next five years are expected to push up demand for floor space, says CBRE head of research for Australia, Stephen McNabb.

The retail commercial property sector is attracting keen interest, despite a modest rental growth of 1-2 per cent forecast in the year ahead, according to CB...

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WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent premium over the ASX200, a new index has found. The Employee Ownership Australian Index (EOAI) reveals that companies which are at least 30 per cent owned by employees tend to have better environmental, social and governance stand...

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RISE OF THE MACHINES HAS WORKERS SWEATING

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown.

Airtasker's 2017 Future of Work study revealed that around 16 per cent of Australians believe their current role will be made redundant by a machine within the next five years, with 71 per cent of the population believing ...

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LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector's priorities says Australian Small Business and Family Enterprise ombudsman (ASBFEO) Kate Carnell.

Carnell wants action on issues such as business tax cuts, competition reform, unfair contracts, government procurement ...

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TEST DRIVE A POST GRAD AT BOND

TEST DRIVE A POST GRAD AT BOND

THERE'S only one way to really move your career into the fast lane, says Bond University, and 'test driving' will help you figure that out quick smart.

Bond Business School is offering a Postgraduate Test Drive, for those who are curious, but not yet committed.

A test drive like none other, Bond Business School offers complimen...

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ALIBABA'S AUSTRALIAN 'GOLD MINE'

ALIBABA'S AUSTRALIAN 'GOLD MINE'

CHINA-based ecommerce giant Alibaba has launched its Australian and New Zealand headquarters in Melbourne.

The online marketplace, similar to eBay but esteemed as Amazon, takes in more than 12.7 billion orders a year from 430 million users.

Jack Ma, Alibaba group founder and executive chairman, was in Melbourne at the weekend to launch the...

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MASTERS LIQUIDATION PULLS DOWN DECEMBER RETAIL TRADE FIGURES

MASTERS LIQUIDATION PULLS DOWN DECEMBER RETAIL TRADE FIGURES

THE FIRESALE that marked the closure of the Masters brand has been blamed for pulling down retail trade figures for December. Retail turnover declined 0.1 per cent in December 2016 to $25.6 billion (seasonally adjusted) compared to November according to the latest Australian Bureau of Statistics retail trade report. Year on year, growth was ...

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BHP'S IRON ORE OUTPUT AT RECORD HIGH, COPPER PRODUCTION DROPS

BHP'S IRON ORE OUTPUT AT RECORD HIGH, COPPER PRODUCTION DROPS

DESPITE a fall in BHP's copper output, the company announced today record production of 118 million tonnes of iron ore for the last six months of 2016, up four per cent from the previous year.

"We have performed well during a period of higher prices, with record iron ore volume achieved in Western Australia Iron Ore," says chief...

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CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal in Australia.

The company's co-founder, Greg Roebuck, who has been MD and CEO of Carsales since 2002, announced his retirement yesterday,  the same day global auto-industry powerhouse Cox Automotive completed its merger...

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BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains made at the end of 2016, according to the latest SENSIS research.

In December, the SENSIS Business Index was seven points up on the previous year at +46 - a six-year high - and the chief executive officer, John Allan, says exp...

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BEGA PAYS $460 MILLION FOR VEGEMITE TO BRING THE ICONIC BRAND BACK UNDER AUSTRALIAN OWNERSHIP

BEGA PAYS $460 MILLION FOR VEGEMITE TO BRING THE ICONIC BRAND BACK UNDER AUSTRALIAN OWNERSHIP

VEGEMITE is back under Australian ownership after Bega Cheese (ASX: BGA) agreed to buy Mondelez International's Australia and New Zealand grocery and cheese business for $460 million.

The business includes brands such as Vegemite, ZoOSh and Bonox and KRAFT-branded products such as peanut butter, processed cheese slices, mayonnaise, parmes...

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CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institute Index of Consumer Sentiment, despite low interest rates and rising equity prices in the lead up to the New Year. The index rose by just 0.1% in January, from 97.3 in December to 97.4, failing to make up for the 3.9 per cent ...

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WINDSCREEN COMPANY SMASHED WITH BIG FINE FOR UNDERPAYING WORKERS

WINDSCREEN COMPANY SMASHED WITH BIG FINE FOR UNDERPAYING WORKERS

AN Adelaide car windscreens company and its director have been penalised almost $85,000 after exploiting seven employees, including one who was paid a flat hourly rate of just $12.50 for a period of 10 years.

Complete Windscreens - which specialises in windscreen repairs, fitting and tinting - has been penalised $73,425 and its part-owner and...

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RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whether the operators have the proven expertise and experience to genuinely help budding entrepreneurs.

Jock Fairweather (pictured), director of co-working space Little Tokyo Two and accelerator program Thunder Lizards, claims t...

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SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses are leading the way following strong sales performances during December, particularly in the hospitality sector.

Chief executive of Tyro, an independent EFTPOS banking institution, Gerd Schenkel, says that based on customer ...

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