Brisbane Articles

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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CRITICS CALL FOR MORE INDEPENDENT DIRECTORS ON BLUE SKY BOARD

CRITICS CALL FOR MORE INDEPENDENT DIRECTORS ON BLUE SKY BOARD

BLUE Sky Alternative Investments (ASX: BLA) has defended its governance and valuation processes in response to several critical reports from analysts that have emerged in the media recently.

Concerns have been raised about the company's lack of independent directors on its seven-member board, where only the chairman is independent, and th...

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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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SIXTH CONSECUTIVE RECORD PROFIT FOR AP EAGERS

SIXTH CONSECUTIVE RECORD PROFIT FOR AP EAGERS

AP EAGERS (ASX: APE) will beat guidance with its sixth-consecutive record profit when it reports its full year results in late February.

In an update released to the ASX this morning, the Brisbane-based company says it will achieve a statutory net profit before tax of $141.4 million for the 12 months to 31 December 2016, an increase of 17 per...

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FOUR WAYS YOU SHOULD PROTECT YOUR IT SYSTEMS FROM EXTREME WEATHER

FOUR WAYS YOU SHOULD PROTECT YOUR IT SYSTEMS FROM EXTREME WEATHER

SHANNON Overs, co-founder of onPlatinum ICT, sees it too often, perhaps half a dozen times per year businesses that do not have adequate protection from extreme weather events.

The lightning storms and heat of summer, and once-in-a-100-year disasters such as the Brisbane Floods of January 2011, can disrupt communications and destroy esse...

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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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PROPERTY INDUSTRY CONFIDENCE GROWING IN QUEENSLAND POST MINING BOOM, BUT LAGS BEHIND OTHER STATES

PROPERTY INDUSTRY CONFIDENCE GROWING IN QUEENSLAND POST MINING BOOM, BUT LAGS BEHIND OTHER STATES

QUEEENSLAND's property industry has growing optimism about the year ahead, but the confidence of the state's largest industry still lags behind the other major states according to the latest quarterly ANZ/Property Council industry sentiment survey.

Property Council Queensland Executive Director, Chris Mountford, says the results r...

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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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SCREEN QUEENSLAND CEO TRACEY VIEIRA RESETS THE STAGE FOR FILM SUCCESS

SCREEN QUEENSLAND CEO TRACEY VIEIRA RESETS THE STAGE FOR FILM SUCCESS

TRACEY VIEIRA has led Screen Queensland to three of its best years since taking over as CEO in 2014, bringing the organisation out of a malaise that had set in amid bullying claims and the resignations of two CEOs.

Its renewal culminated in FY16 when the organisation secured a direct economic spend of $218 million through international p...

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CANADA A JEWEL IN THE ROUGH FOR MICHAEL HILL

CANADA A JEWEL IN THE ROUGH FOR MICHAEL HILL

MICHAEL HILL has reported a 5.7 per cent increase in store sales for the six months to 31 December driven by its expansion, but same-store growth was sluggish or negative in every market but Canada.

Total sales of AU$328 million were achieved across four countries: Australia, New Zealand, Canada and the United States.

Growth was led...

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KNOWLEDGE WORKERS AMONG MOST SOUGHT AFTER IN 2017

KNOWLEDGE WORKERS AMONG MOST SOUGHT AFTER IN 2017

BUSINESSES searching for efficiencies and improved systems are in search of knowledge workers early this year, says the latest Hays Quarterly Report for January-March 2017, making them among the most in-demand in the labour market.

Hays Australia and New Zealand managing director, Nick Deligiannis, says employers are looking to add value...

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BLUE SKY SELLS STAKE IN PET CIRCLE

BLUE SKY SELLS STAKE IN PET CIRCLE

BLUE Sky Alternative Investments (ASX:BLA) has continued its streak of divestments, completing the sale of its stake in Millell Pty Ltd, which trades as Pet Circle, yesterday.

Pet Circle, an online supplier of pet food and accessories, was sold to two venture capital funds managed by Blue Sky for an undisclosed amount. 

Since Blue Sky...

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BRISBANE TECH STARTUP FINDS FIRST GOVERNMENT CLIENT IN EUROPE

BRISBANE TECH STARTUP FINDS FIRST GOVERNMENT CLIENT IN EUROPE

TECH startup TrademarkVision has released its new 'deep learning' algorithm, which has enhanced its image recognition technology as the European Union Intellectual Property Office (EUIPO) becomes the first government organisation to begin using the product.

The integration of the algorithm into the Brisbane-based startup's im...

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FEMALE ENTREPRENEURS GET SPRINGBOARD TO GROWTH

FEMALE ENTREPRENEURS GET SPRINGBOARD TO GROWTH

DESPITE the fast-growing number of women studying STEM subjects at school and university, women continue to be underrepresented as tech entrepreneurs, and that is something the Springboard Accelerator Bootcamp is aiming to change.

Springboard is an entrepreneur accelerator for women that was founded in the United States 16 years ago and ...

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VALVE BLOWS STEAM FOLLOWING $3 MILLION FINE

VALVE BLOWS STEAM FOLLOWING $3 MILLION FINE

THE Federal Court has ordered Valve Corporation to pay a $3 million penalty for breaching Australian Consumer Law for misleading its customers about its refund policy. In March last year the Court found Valve made false or misleading representations to consumers through its popular platform Steam, an online gaming hub which has attracted ...

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EML SEALS DEAL ON ONE OF ITS 'MOST IMPORTANT AGREEMENTS' TO DATE

EML SEALS DEAL ON ONE OF ITS 'MOST IMPORTANT AGREEMENTS' TO DATE

EML Payments (ASX: EML) has finalised a major multi-year agreement to provide new salary packaging prepaid cards to Melbourne's McMillan Shakespeare Limited (ASX: MMS) and its clients. EML managing director Tom Cregan says the deal is a landmark, with his company set to replace McMillan Shakespeare's existing prepaid cards by July...

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WHY AUSTRALIA SHOULD GIVE UP USING EUROPEAN NAMES FOR ITS FOOD PRODUCTS

WHY AUSTRALIA SHOULD GIVE UP USING EUROPEAN NAMES FOR ITS FOOD PRODUCTS

IS IT worth finding new names for cheeses such as Feta, Brie, Camembert, Parmesan and Stilton to gain an advantage in trade negotiations? Bond University Professor William Van Caenegem believes it could be, and, once the confusion over cheeses settles, there could be some big benefits for the country's agriculture industry. Caeneg...

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RETIREMENT VILLAGE PLANNED FOR $6 MILLION MAROOCHYDORE SITE

RETIREMENT VILLAGE PLANNED FOR $6 MILLION MAROOCHYDORE SITE

AURA Australia Management has purchased a 9,154sqm site in Maroochydore for $6 million to build an apartment-style retirement village as it continues its plan to build an 800-dwelling portfolio on the eastern seaboard of Australia.

The vacant corner site at Anzac Avenue and Baden Powell Street Site has council approval for 123 apartments with...

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QUEENSLAND CITIES CEMENT TOURISM HOTSPOT STATUS

QUEENSLAND CITIES CEMENT TOURISM HOTSPOT STATUS

THE tourism industry in Queensland has shone in the past year, with Brisbane and the Gold Coast remaining two of the country's hotspots for Aussies seeking a local getaway. Tourism Australia's national visitor survey revealed that Brisbane's overall domestic visitor numbers climbed 5.3 per cent to a record 5.8 million, while G...

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BOQ BOLSTERS FINANCE DIVISION WITH $20M BUYOUT

BOQ BOLSTERS FINANCE DIVISION WITH $20M BUYOUT

IN LINE with its strategy to target niche segments, Bank of Queensland (ASX: BOQ) has announced that it will acquire Centrepoint Alliance Limited's (ASX: CAF) premium funding business for $20 million. The premium funding arm currently originates around 30,000 new loans per annum mostly to small and medium-sized businesses. In FY16...

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ACCC TO DRIVE A WEDGE IN AIRLINE PARTNERSHIP

ACCC TO DRIVE A WEDGE IN AIRLINE PARTNERSHIP

A MAJOR pending partnership between national airlines is under fire, as the Australian Competition and Consumer Commission (ACCC) proposes to deny its authorisation. The partnership in question, between Virgin Australia Airlines, Virgin Australia Regional Airlines (VARA) and Alliance Aviation Services (ASX: AQZ), proposes to give the airl...

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ACQUISITIONS PUT THE WIND BACK UNDER FLIGHT CENTRE'S WINGS

ACQUISITIONS PUT THE WIND BACK UNDER FLIGHT CENTRE'S WINGS

FLIGHT Centre (ASX: FLT) has completed a string of corporate travel acquisitions across Europe, a move which is expected to generate a further 110 million turnover for the company during FY17. The travel agent finalised the buyout of several businesses throughout Germany, Sweden, Finland, Norway and Denmark for an undisclosed sum. Fli...

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DISAPPOINTED BUT RELIEVED - FLIGHT CENTRE REACTS TO END OF PRICE FIXING SAGA

DISAPPOINTED BUT RELIEVED - FLIGHT CENTRE REACTS TO END OF PRICE FIXING SAGA

FLIGHT Centre (ASX:FLT), which has been embroiled in a price fixing court case with consumer watchdog the Australian Competition and Consumer Commission, has issued a statement saying that although it is disappointed with the result, it welcomes the end of the litigation which spans over seven years.

On Wednesday this week, the High Court rul...

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FOOD TRUCKS AND OUTLANDISH DESSERTS: THE HOSPITALITY TRENDS OF 2017

FOOD TRUCKS AND OUTLANDISH DESSERTS: THE HOSPITALITY TRENDS OF 2017

FERMENTED foods, boutique coffee roasts, and Asian pancakes are some of the major hospitality trends set to boom next year, according to Silver Chef's latest annual Hospitality Industry Success Index report (HISI).

Diving into the Australian hospitality sector, the latest HISI report revealed the biggest trends to hit Aussie shores t...

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BUYER SPENDS $14 MILLION IN SINGLE TRANSACTION AT LUXURY NEWSTEAD APARTMENTS

BUYER SPENDS $14 MILLION IN SINGLE TRANSACTION AT LUXURY NEWSTEAD APARTMENTS

A BUYER has purchased $14 million worth of property in a single transaction at Kokoda Property's $119 million Ella development in Newstead, Brisbane.

This purchase follows the project launch in late November, when $22 million in sales was transacted at the development.

The $14 million buyer purchased a complete floor, plus three additi...

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NUROFEN FALSE ADVERTISING FINE INCREASED TO RECORD AMOUNT

NUROFEN FALSE ADVERTISING FINE INCREASED TO RECORD AMOUNT

RECKITT Benkiser has been slogged an extra $4.3 million by the Federal Court for misleading advertising of its Nurofen Specific Pain products after an Australian Competition and Consumer Commission (ACCC) appeal against the penalty was upheld.

The UK-based company must now pay a revised penalty of $6 million - the highest recorded for mislead...

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SIMON SINEK TO TOUR AUSTRALIA IN MARCH

SIMON SINEK TO TOUR AUSTRALIA IN MARCH

LEADERSHIP guru Simon Sinek (pictured) will be the headline speaker at the Start With Why Leadership Forum in March 2017.

Business News Australia readers have the chance to take up a special ticket offer for the forum, hosted by the Growth Faculty, which has a run of dates across Australia and New Zealand.

Sinek's book is a cont...

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DOMINO'S COMPLETES JOEY'S PIZZA TRANSITION IN GERMANY AHEAD OF SCHEDULE

DOMINO'S COMPLETES JOEY'S PIZZA TRANSITION IN GERMANY AHEAD OF SCHEDULE

DOMINO'S Pizza (ASX: DMP) has completed the final stages of its acquisition of Germany's Joey's Pizza, and has completed the final conversion of the acquired stores to Domino's six months ahead of schedule.

Brisbane-based Domino's and UK listed Domino's Pizza Group plc (DPG) announced in December 2015 the formatio...

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JAMIE PHEROUS SAYS CORPORATE TRAVEL MANAGEMENT WELL PLACED TO LEVERAGE GLOBAL ECONOMIC RECOVERY

JAMIE PHEROUS SAYS CORPORATE TRAVEL MANAGEMENT WELL PLACED TO LEVERAGE GLOBAL ECONOMIC RECOVERY

Yesterday, Corporate Travel Management (ASX:CTD) announced the acquisition of two businesses: Redfern in the United Kingdom; and Andrew Jones Travel in Tasmania.

The purchases, to be funded by a $71 million capital raise, are the company's first in FY17 and follow the successful acquisitions of US businesses Montrose Travel and Travi...

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