Brisbane Articles

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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VOLATILE INDUSTRY CLIPS FLIGHT CENTRE'S WINGS

VOLATILE INDUSTRY CLIPS FLIGHT CENTRE'S WINGS

DESPITE achieving record sales in the first half, Flight Centre Travel Group (ASX: FLT) profit has suffered the effects of a turbulent industry, dropping 36.2 per cent to $74.4 million. Flight Centre's revenue and profit margins were grounded by a tough global trading cycle during 1H17, as the company was peppered with hurdles includi...

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AGENT EXITS, LOW LISTINGS HURT MCGRATH

AGENT EXITS, LOW LISTINGS HURT MCGRATH

PROFITS have dived 72 per cent at real estate group McGrath (ASX:MEA) to $2.4 milllion on the back of low property listings.

Listings with company-owned offices were down 20 per cent in the half year, and there's been an exodus of agents, which has dampened sales results.

McGrath speculates Australians have been put off selling ...

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EML'S EARNINGS SOAR

EML'S EARNINGS SOAR

EML Payments' (ASX: EML) earnings have soared 226 per cent for first half 2017.

The Brisbane payments provider took in $9.96 million in earnings before interest, taxes, depreciation and amortisation.  Depreciation in the Sterling relative to the Australian Dollar in fact lowered this result by $1 million.

EML generated 85 p...

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APOLLO REVS UP ITS RESULTS

APOLLO REVS UP ITS RESULTS

APOLLO Tourism & Leisure (ASX: ATL) has hit its profit forecast in its maiden result as a publicly traded company.

The Brisbane company, which is charting a course of growth in the RV industry, posted a pro forma profit after tax of $9.7 million. This reflected a 131 per cent increase from first half 2016.

Apollo took revenues of $93 m...

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JASMINE YARBROUGH AND TAMIE INGHAM TAKE MARA & MINE TO HOLLYWOOD

JASMINE YARBROUGH AND TAMIE INGHAM TAKE MARA & MINE TO HOLLYWOOD

MARA & MINE entrepreneurs Jasmine Yarbrough and Tamie Ingham (pictured left and right respectively) slipped into Hollywood like something out of a Cinderella story.

The girls somewhat fell into their business when they were busy building other dreams - Yarbrough as a model in Brisbane, and Ingham a stylist for magazines including CLE...

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ACQUISITION AND ORGANIC GROWTH BOOST NATIONAL STORAGE

ACQUISITION AND ORGANIC GROWTH BOOST NATIONAL STORAGE

NATIONAL Storage increased revenue 46 per cent to $54.4 million in the first half of FY17, driven by organic growth and acquisition.

During the half, the company (ASX:NSR) completed the 26 centre Southern Cross storage portfolio purchase, cementing its position as Australasia's largest storage owner-operator.

Managing director A...

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CROMWELL CALLS FOR FULL DISCLOSURE FROM INVESTA

CROMWELL CALLS FOR FULL DISCLOSURE FROM INVESTA

CROMWELL Property Group (ASX:CRM) has claimed Investa Office Fund (ASX:IOF) has not disclosed material information about its financial position to the ASX.

In the process, the Brisbane-based company has taken a backhanded swipe at its takeover target, saying it may up its bid for the company to up to $4.75 if Investa opens its books.

Cromw...

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FRAUD CAUSES SILVER CHEF PROFIT SLIDE

FRAUD CAUSES SILVER CHEF PROFIT SLIDE

EQUIPMENT financier Silver Chef (ASX:SIV) has seen its half-year profit slide due to fraud.

The Brisbane company reported an underlying profit after tax of $6.9 million to the ASX today, down from $7.6 million in the same period in 2015.

The underlying result was determined after adding back a provision for asset impairment of $2.3 million...

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MEGAPORT QUADRUPLES REVENUE AND INVESTS IN EXPANSION

MEGAPORT QUADRUPLES REVENUE AND INVESTS IN EXPANSION

MEGAPORT (ASX: MP1) increased revenue 345 per cent to $4.46 million in the six months to 31 December 2016, the company reported today in its half year results, but it is still trading at a loss.

The elastic interconnection services provider is in a growth phase and is working with partners such as Digital Realty, Seaborn, and CyrusOne to...

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IN-STORE VETS BOOST GREENCROSS' PROFIT

IN-STORE VETS BOOST GREENCROSS' PROFIT

GREENCROSS Limited (ASX: GXL) shares lifted 5 per cent in trading today after the Brisbane-based company posted a net profit of $21.9 million, beating its previous interim result by 17 per cent. The veterinarian and pet goods giant increased its revenue by 14 per cent to $412.3 million, a result reflected in the company's successful l...

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MERGER DELIVERS THE FINANCIAL GOODS FOR TERRY WHITE

MERGER DELIVERS THE FINANCIAL GOODS FOR TERRY WHITE

TERRY White Group has posted a solid half-year net profit of $1.3 million amid a period of major transformation for the company. Following the merger between its subsidiary Terry White Chemists with Chemmart in October 2016, Terry White Group's nationwide store network has more than doubled in size to include around 500 pharmacies. ...

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BLUE SKY APPOINTS TWO NEW INDEPENDENT DIRECTORS

BLUE SKY APPOINTS TWO NEW INDEPENDENT DIRECTORS

BLUE Sky Alternative Investments (ASX: BLA) has appointed two new independent, non-executive directors to its board: Michael Gordon and Philip Hennessy.

The two appointments go some way to address criticism about the previous lack of independent directors on Blue Sky's board. Previously, chairman, John Kain, was the single independent mem...

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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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MICHAEL HILL SHOWS STEADY GROWTH IN TOUGH RETAIL CONDITIONS

MICHAEL HILL SHOWS STEADY GROWTH IN TOUGH RETAIL CONDITIONS

MICHEAL Hill overcame tough trading conditions in the lead up to Christmas to increase net profit after tax 3.4 per cent to $25.8 million in the six months ended 31 December 2016.

It has been a tough few months for retailers in Australia, where at least two well-known fashion groups have entered voluntary administration during the period...

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CROWN ARRESTS IMPACT STAR RESULT AS VIP BUSINESS FALTERS

CROWN ARRESTS IMPACT STAR RESULT AS VIP BUSINESS FALTERS

THE Star Entertainment Group is feeling the pinch of a 17.7 per cent drop in normalised profit (NPAT) following troubled times for its VIP business. The high-roller market in China was thrown into disarray in October 2016 when 18 Crown employees across a number of Chinese cities were detained for gambling related crimes, a factor which th...

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RECEIVERS SELL SPRINGFIELD TOWER FOR $17 MILLION

RECEIVERS SELL SPRINGFIELD TOWER FOR $17 MILLION

SPRINGFIELD Tower has been sold in a $17 million deal around five months after it was placed into the hands of receivers.

JLL sought expressions of interest over a five-week period until late September 2016, on behalf of receivers PPB Advisory.

Located in Springfield Central, the ten-storey office building provides 9,459sqm net lett...

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JACKPOTS BUST TATTS PROFIT

JACKPOTS BUST TATTS PROFIT

AN unprecedented run of jackpot wins has put a damper on Tatts' profit this half, cutting the result by a significant 16.5 per cent compared to 1H16. Despite delivering a positive statutory net profit of $122.8 million, the company couldn't achieve its previous benchmark of $147 million due to an exceptional 24 jackpots, worth mor...

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TECHFUGEES GEARING UP AT RIVER CITY LABS

TECHFUGEES GEARING UP AT RIVER CITY LABS

UP TO 80 of the country's top tech minds will converge on Brisbane's River City Labs next month when the startup accelerator plays host to the 2017 TechfugeesBNE hackathon. Teams with a range of creative, tech, design and business skills are invited to take part in the three-day event, where they will collectively design a workabl...

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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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DOMINO'S PLUMMETS AS PRESSURE MOUNTS OVER WAGE INVESTIGATION

DOMINO'S PLUMMETS AS PRESSURE MOUNTS OVER WAGE INVESTIGATION

IT'S good news on the balance sheet but bad news on the ASX for Domino's Pizza Enterprises (ASX: DMP) today, as the company dropped 14.36 per cent to a 12-month low of $53.56 per share despite a 31 per cent rise in first half net profit. The Brisbane headquartered company saw its profit soar to $59.7 million and has issued a lift ...

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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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DOMINO'S HITS BACK AT CLAIMS OF WIDESPREAD WAGE FRAUD

DOMINO'S HITS BACK AT CLAIMS OF WIDESPREAD WAGE FRAUD

DOMINO'S says only 21 of its 714 Australia and New Zealand stores were unprofitable in FY16 as it has hit back at allegations that it squeezes franchisees out of profitability, and underpays its workers.

Domino's (ASX:DMP) says the financial performance of its franchise network is strong, that it sets high ethical standards of it...

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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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BLUE SKY DOUBLES PROFIT IN HALF YEAR RESULTS

BLUE SKY DOUBLES PROFIT IN HALF YEAR RESULTS

BLUE Sky Alternative Investments managing director Robert Shand says the company is "just scratching the surface" of its potential as the company announced a 130 per cent increase in underlying profit in the six months to 31 December.

The company revealed underlying net profit after tax (NPAT) of $10.1 million in the half year resul...

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SUNCORP INCREASES HALF YEAR PROFIT, DIVIDEND

SUNCORP INCREASES HALF YEAR PROFIT, DIVIDEND

SUNCORP has reported half year net profit after tax of $537 million for the six months to 31 December, up from $530 million in the previous corresponding period, and an increased interim dividend of $0.33 per share.

Suncorp CEO and Managing Director Michael Cameron (pictured) says that over the past 12 months, the group has been significantly...

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LENDLEASE AND IIG PARTNER TO BUILD BRISBANE'S NEW TIMBER TOWER

LENDLEASE AND IIG PARTNER TO BUILD BRISBANE'S NEW TIMBER TOWER

IMPACT Investment Group (IIG) has entered a $140 million partnership with Lendlease Group (ASX:LLC) to develop, lease and manage the 5 King office building, at Brisbane's Showgrounds.

IIG will fund the property through development, and own the property at practical completion, which is due in late 2018. The purchase price reflects a net p...

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RIPLEY TOWN CENTRE CONSTRUCTION UNDER WAY

RIPLEY TOWN CENTRE CONSTRUCTION UNDER WAY

THE $1.5 billion Ripley Town Centre that will service the rapidly growing Ripley Valley region in the Western Corridor of Ipswich is set to become a reality with construction under way on the highly anticipated project.

The milestone development will create an exciting new regional hub that will service up to 120,000 people expected to call t...

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APOLLO INVESTS IN SHARING ECONOMY PLATFORM AND SYDNEY RV DEALERSHIP

APOLLO INVESTS IN SHARING ECONOMY PLATFORM AND SYDNEY RV DEALERSHIP

LUKE Trouchet saw three options to ensure Apollo Tourism and Leisure (ASX:ATL) wasn't disrupted by an Airbnb-style peer-to-peer campervan sharing app.

The first option was to sit back and watch what happened in the space, but the Apollo managing director says, "we weren't comfortable with that approach".

Trouchet then con...

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