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2017 BRISBANE TOP COMPANIES REVEALED

2017 BRISBANE TOP COMPANIES REVEALED

WHILE Queensland is regarded as an economy in transition with the winding down of the mining boom, the 2017 top 50 Brisbane companies confirmed this change with a diverse range of businesses that drive the economy and create jobs. From the conservative bank and insurance stalwarts to real estate, financial services, travel, IT, food stapl...

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2017 BRISBANE TOP COMPANIES 1-10

2017 BRISBANE TOP COMPANIES 1-10

FROM insurance and banking to travel, gambling, retail, property and pizza, these "heavyweights" have had their fair share of issues to deal with but remain resilient in a changing economy. Cyclone Debbie caused problems for insurer Suncorp, rail freight provider Aurizon and to a less extent, Bank of Queensland, while Domino'...

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2017 BRISBANE TOP COMPANIES 11-20

2017 BRISBANE TOP COMPANIES 11-20

RETAIL, property, an airline, cars, real estate, software services, energy, agriculture, veterinary services bathroom fittings and storage: this eclectic mix of companies highlights the diversity of business in Brisbane. Virgin Australia highlighted the volatility of the airline industry as it turned in a first half loss while Cromwell...

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2017 BRISBANE TOP COMPANIES 21-30

2017 BRISBANE TOP COMPANIES 21-30

JEWELLERS Michael Hill International listed in 2016 with a half-billion dollar market capitalisation and a new CEO in Phil Taylor and they joined some other fast movers. Pinnacle Investment Management Group also made a rapid rise while Superloop CEO Bevan Slattery's acquisition of telecommunications provider SubPartners is expected to...

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2017 BRISBANE TOP COMPANIES 31-40

2017 BRISBANE TOP COMPANIES 31-40

TWO new listings dominate this group of companies in the form of Antipodes Global Investment Company Limited and Apollo Tourism and Leisure. Anitpodes has a focussed investment strategy and is already running at a profit while Apollo has set themselves a goal of becoming the go-to place for anyone wanting to buy or rent an RV. And Aus...

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2017 BRISBANE TOP COMPANIES 41-50

2017 BRISBANE TOP COMPANIES 41-50

MOTORCYCLE Holdings has nearly doubled its share price since listing last year and it leads a group of four debutants which includes Metro Mining Limited, Runge Pincock Minarco and National Veterinary Care. Metro Mining is the only new miner to the top 50 and there are high hopes for its new project in northern Queensland. And all eyes a...

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2017 BRISBANE TOP COMPANIES: NEW TO THE LIST

2017 BRISBANE TOP COMPANIES: NEW TO THE LIST

IT HAS certainly been a year where interesting players have joined the Top Companies game. From the conservative bank and insurance stalwarts to real estate, IT and agricultural companies, you can now add some left field plays into the mix with motorcycles, veterinary services and even a new miner just to keep us all on our toes. In a...

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2017 BRISBANE TOP COMPANIES: HIGHEST PAID CEOS

2017 BRISBANE TOP COMPANIES: HIGHEST PAID CEOS

CEO SALARIES are a controversial issue with shareholders, employees and the general public and it now generates considerable media coverage in the mainstream organisations. The controversy over Australia Post CEO Ahmed Fahour's $5.6 million salary prompted Prime Minister Malcolm Turnbull to warn against a "cult of excessive CEO r...

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2017 BRISBANE TOP COMPANIES: NEW TO THE TOP JOB

2017 BRISBANE TOP COMPANIES: NEW TO THE TOP JOB

THERE was quite a lot of movement at the top of the Brisbane top 50 companies over the past year with eight major changes. Rail giant Aurizon appointed former Rio Tinto boss Andrew Harding as CEO to succeed Lance Hockridge in perhaps the most high-profile changeover, while Raj Naran will replace Greg Kilmister at ALS Limited in July. ...

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2017 BRISBANE TOP COMPANIES: RISING STARS

2017 BRISBANE TOP COMPANIES: RISING STARS

WITH a market cap of more than $2 billion, Corporate Travel Management was the big mover into the top 10 and analysts have rated this company for some time. Jeweller Michael Hill International Limited entered the top 50 at number 25 after it moved from New Zealand to Brisbane in July ahead of an ASX listing. And Superloop's plan t...

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BRISBANE TOP COMPANIES 2017: DROPPING FAST

BRISBANE TOP COMPANIES 2017: DROPPING FAST

VITA Group have been hurt by rumours of a Telstra buy back of its high performing stores which sent its share price sharply downwards. ERM Power took a 226 per cent hit to its profits although it has forecast a return to solid margins. And both Impedimed and Capilano Honey have been spending money on research and development, wit...

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2017 BRISBANE TOP COMPANIES: LEFT THE LIST

2017 BRISBANE TOP COMPANIES: LEFT THE LIST

CARINDALE Property Trust made their exit purely because they moved head office to Sydney, while CIMIC secured control of Sedgman after the Brisbane engineering group recommended investors accept a $256 million hostile bid. Shine Lawyers is reportedly a very unhappy Brisbane office and for the past two years it has delivered disappointing ...

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DISAPPOINTING THIRD QUARTER FOR BLACKMORES

DISAPPOINTING THIRD QUARTER FOR BLACKMORES

BLACKMORES (ASX:BKL) has reported less than impressive third quarter results, with net profit after tax down 47 per cent with weaker than expected sales across most of its markets.

The company struggled in Australia and New Zealand, but was really hurt by a lack of interest from customers in China.

Blackmores Chief Executive Officer Christ...

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TATTS GROUP REFUSES DUE DILIGENCE TO PACIFIC CONSORTIUM AFTER REVISED $6B OFFER

TATTS GROUP REFUSES DUE DILIGENCE TO PACIFIC CONSORTIUM AFTER REVISED $6B OFFER

TAKEOVER target Tatts Group (ASX: TTS) has rejected a revised all-cash $6 billion offer from the private equity group Pacific Consortium and will not grant due diligence or deal with them.

The Tatts board told shareholders that it had assessed the revised $4.21 per share bid from Pacific Consortium and decided it would not proceed with the de...

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RUMOURS ARDENT LEISURE IS LOOKING TO SELL DREAMWORLD

RUMOURS ARDENT LEISURE IS LOOKING TO SELL DREAMWORLD

THE PARENT company of Gold Coast theme park Dreamworld is considering a sale of the struggling business to a Chinese investor, according to The Australian.

The report says Ardent Leisure had been looking to sell the park before the four tragic deaths on the park's Thunder River Rapids ride in October last year.

The Chinese company link...

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ACCC TAKES ACTION AGAINST MURRAY GOULBURN

ACCC TAKES ACTION AGAINST MURRAY GOULBURN

THE ACCC has begun proceedings against milk processor Murray Goulburn alleging it contravened Australian Consumer Law after suddenly reducing prices last year.

The ACCC alleges Murray Goulburn engaged in unconscionable conduct and made false or misleading representations and has filed proceedings in the Federal Court.

It has also been alle...

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AGENTS REPORTING STRONG DEMAND FOR MELBOURNE CBD OFFICE SPACE PURCHASES

AGENTS REPORTING STRONG DEMAND FOR MELBOURNE CBD OFFICE SPACE PURCHASES

SEVEN Melbourne CBD offices have recently sold for more than $11 million in total, demonstrating huge demand for central office space in the city.

Colliers International brokered deals for record sums on office spaces in the centre of Melbourne as demand for space increases.

Just last week, office spaces on Lonsdale Street and Colli...

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DREAMWORLD PARENT COMPANY DEMOTES CEO DEBORAH THOMAS

DREAMWORLD PARENT COMPANY DEMOTES CEO DEBORAH THOMAS

ARDENT LEISURE, the parent company of Gold Coast's Dreamworld theme park, has reshuffled its core leadership with CEO Deborah Thomas removed from the top job.

The company announced that Thomas has been "transitioned" to the role of Chief Customer Officer (Group) and Chief Operating Officer (Australasia) of Ardent Leisure Gr...

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MELBOURNE SHOPPING CENTRE SELLS FOR $48m AS CHINESE DEMAND RAMPS UP

MELBOURNE SHOPPING CENTRE SELLS FOR $48m AS CHINESE DEMAND RAMPS UP

A MELBOURNE shopping centre has been sold for $48 million, bringing the total spent by Chinese investors on Victorian retail to $380 million over the past 15 months.

The Arena Shopping Centre, in the south-east suburb of Officer, is positioned on a 2.97 hectare site and features 25 speciality retailers, including McDonald's and Woolw...

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HOW WEDDING WOES INSPIRED A BOOMING BUSINESS FOR MEGAN ZIEMS

HOW WEDDING WOES INSPIRED A BOOMING BUSINESS FOR MEGAN ZIEMS

WHEN she was dress shopping for her wedding in 2010, Megan Ziems (pictured left) was disappointed to discover a market flooded with conventional designs which didn't fit her personality. The Gold Coast local struggled to find the perfect dress; a lot of lace, a little left-of-centre and most importantly a design that hadn't been d...

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SPOTLESS REJECTS DOWNER'S 'HOSTILE' $1.2B BID AS IT PROMISES A STRATEGY RESET

SPOTLESS REJECTS DOWNER'S 'HOSTILE' $1.2B BID AS IT PROMISES A STRATEGY RESET

CLEANING and catering services company Spotless has rejected a $1.26 billion takeover bid from mining services firm Downer EDI, describing it as "hostile" and "highly conditional".

Spotless issued a statement to the ASX on Monday saying the $1.15 per share offer does not represent adequate value as it fails to reflect the ...

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EXCLUSIVE INTERVIEW: MEGAPORT CEO VINCENT ENGLISH ON GLOBAL EXPANSION AND HOW TO SCALE UP A BUSINESS

EXCLUSIVE INTERVIEW: MEGAPORT CEO VINCENT ENGLISH ON GLOBAL EXPANSION AND HOW TO SCALE UP A BUSINESS

THE RAPID expansion of Megaport (ASX: MP1) continues with the Brisbane-based company announcing a major partnership deal with US-based giant Oracle which will allow its customers to access its network across North America, Europe and Asia Pacific.

Through its collaboration with Oracle, Megaport customers will now be able to create a dedicated...

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BRISBANE ENTREPRENEUR BREAKS BARRIERS IN ECO-BUSINESS

BRISBANE ENTREPRENEUR BREAKS BARRIERS IN ECO-BUSINESS

TRACEY Bailey believes that if every person understood the true social and environmental cost of every product they bought, we would all be living in a very different world. The eco entrepreneur and founder of green business Biome has made it her life's mission to create a complete element of transparency when it comes to her own prod...

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DOMINO'S PIZZA EMPLOYEES OFFERED A SLICE OF THE PIE

DOMINO'S PIZZA EMPLOYEES OFFERED A SLICE OF THE PIE

DOMINO'S Pizza (ASX: DMP) has launched an employee share acquisition plan which will give its 26,000 staff the option of buying between $1,000 and $5,000 worth of shares per month with their pre-tax salary.

The share acquisition plan is voluntary for the 2017 and 2018 financial years and the purchases will be on market or the Brisban...

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WOOLWORTHS CLAIMS LEGAL VICTORY IN STOUSH WITH LOWE'S

WOOLWORTHS CLAIMS LEGAL VICTORY IN STOUSH WITH LOWE'S

SUPERMARKET giant Woolworths (ASX: WOW) has been given the go-ahead to sell its Masters property assets after winning a legal stoush with former US joint venture partner Lowe's.

Lowe's accused Woolworths last year of acting in bad faith after it offloaded 82 sites to Home Consortium for $750 million as part of its exit from the d...

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PRICELINE STORE ROLLOUT BOOSTS API'S FULL YEAR PROFIT FORECAST

PRICELINE STORE ROLLOUT BOOSTS API'S FULL YEAR PROFIT FORECAST

Australian Pharmaceutical Industries (ASX: API) has booked a rise in half year net profit of $29.1 million on the back of rapid expansion in its Priceline Pharmacy network.

The owner of the Priceline and Soul Pattinson brands reported a 27 percent rise in net profit for the six months to February 28, along with a rise in revenue of 13 per cen...

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CITY DWELLERS SETTING EYES ON REDCLIFFE AS PROPERTY SEACHANGE BECKONS

CITY DWELLERS SETTING EYES ON REDCLIFFE AS PROPERTY SEACHANGE BECKONS

IT MAY be cool by the sea at Redcliffe, however strong sales at Kyko Group's Mon Komo development prove that the area has also become a residential hotspot. Within only two months of announcing its campaign, Mon Komo, situated on Redcliffe's Marine Parade, has made $7.9 million in sales and only a handful of its apartments remain ...

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'DIGITAL MONSTER' AMAZON CONFIRMS AUSTRALIAN EXPANSION

'DIGITAL MONSTER' AMAZON CONFIRMS AUSTRALIAN EXPANSION

ONLINE retail giant Amazon has finally confirmed the company is launching in Australia to take a major slice of the country's $300 billion sector, as Morgan Stanley warns local retailers they could "get the life squeezed out of them".

The rumour has been circulating for years and, in a brief statement, the company confirmed Amaz...

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BIG FINE FOR CLEANAWAY AFTER WORKER INJURED BECAUSE OF CHEMICAL FIRE

BIG FINE FOR CLEANAWAY AFTER WORKER INJURED BECAUSE OF CHEMICAL FIRE

WASTE management company Cleanaway (ASX:CWY) has been fined $650,000 following a chemical fire which led to an employee being injured.

The company was convicted and fined in the District Court of South Australia following an investigation by federal work health and safety regulator Comcare.

Cleanaway pleaded guilty to a single charge of fa...

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EXECUTIVES AND BOARDS NEED TO STEP UP DEFENCES AGAINST CYBERCRIMINALS, REPORT SAYS

EXECUTIVES AND BOARDS NEED TO STEP UP DEFENCES AGAINST CYBERCRIMINALS, REPORT SAYS

UP to 90 per cent of Australian businesses are experiencing cyber security attacks, sometimes up to hundreds of times a day, and senior executives and boards need to act pre-emptively for their own safety, according to a government report.

The Australian Cyber Security Centre (ASCS) published the comprehensive survey which reveals the "u...

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