Brisbane Articles

SKYCITY INJECTS $330 MILLION INTO FESTIVAL PLAZA REDEVELOPMENT

SKYCITY INJECTS $330 MILLION INTO FESTIVAL PLAZA REDEVELOPMENT

THE long-neglected and much maligned Festival Plaza in Adelaide has received a hero in the form of long-time neighbour: SkyCity. SkyCity Entertainment today announced it will commit to a $330 million expansion of the Adelaide Casino, revamping the Festival Plaza precinct. The expansion will include a boutique hotel, signature restaura...

Read More...
NEXTDC ENTERS BIDDING WAR WITH 360 CAPITAL GROUP FOR APDC

NEXTDC ENTERS BIDDING WAR WITH 360 CAPITAL GROUP FOR APDC

DATA centre operator NEXTDC (ASX: NXT) has started a bidding war with 360 Capital Group to take over Asia Pacific Data Centre (ASX: AJD) after it launched a fully funded $1.85 a share cash offer for the company. The takeover bid trumps the offer made by 360 Capital to acquire all the securities in APDC for $1.80 per share. NEXTDC CEO ...

Read More...
THE AUSTRALIAN STARTUP THAT TAPPED IBM WATSON FOR ITS TECH-DRIVEN VOD SERVICE

THE AUSTRALIAN STARTUP THAT TAPPED IBM WATSON FOR ITS TECH-DRIVEN VOD SERVICE

VIDEO on demand technology startup Oovvuu has teamed up with IBM to launch a news platform powered by its AI product, Watson, which is designed to connect viewers to the most relevant video and news content.

The US multinational technology company is in Australia and staging its Watson Summit Australia events in Sydney and Melbourne to s...

Read More...
SUPER RETAIL GROUP SAYS GOODBYE TO AMART SPORTS BRAND

SUPER RETAIL GROUP SAYS GOODBYE TO AMART SPORTS BRAND

A BRAND synonymous with Australian sporting goods, Amart Sports, will be retired from 1 November 2017. Super Retail Group (ASX: SUL) today announced the company's Amart Sports stores will be converted into Rebel stores by 31 October 2017. The parent company says the transformation will allow the company to focus on a single brand....

Read More...
SUPREME COURT GRANTS LEAVE FOR CLASS ACTION AGAINST DICK SMITH

SUPREME COURT GRANTS LEAVE FOR CLASS ACTION AGAINST DICK SMITH

A CLASS action law suit against Dick Smith has been given the green light for shareholders impacted by the company's fall from grace. The Supreme Court of NSW granted leave to Bannister Law to file a class action against DSHE Holdings Ltd, formerly known as Dick Smith Holdings Ltd. As Dick Smith is in liquidation, leave had to be ...

Read More...
NEXTDC SHARES SOLD OFF AS ONGOING SPAT WITH 360 CAPITAL CONTINUES

NEXTDC SHARES SOLD OFF AS ONGOING SPAT WITH 360 CAPITAL CONTINUES

SHAREHOLDERS in data centre operator NextDC (ASX: NXT) have dumped their stock in the company as its ongoing war of words with property funds manager 360 Capital continues.

At the centre of the bitter dispute is the potential takeover of the $215 million Asia Pacific Data Centre Trust (APDC), which owns three data centres in Sydney, Melbourne...

Read More...
SURVEY SAYS COUNTEROFFERS MIGHT BE A WASTE OF MONEY

SURVEY SAYS COUNTEROFFERS MIGHT BE A WASTE OF MONEY

TO RETAIN the best and brightest employees it sometimes seems like a good idea to offer more money, but recent research suggests that cash doesn't always talk. A study, commissioned by specialised recruiter Robert Half surveying 160 chief financial officers in Australia, shows more than 94 per cent of Australian CFOs have extended cou...

Read More...
TECHNOLOGYONE SAYS IT WILL SUE BRISBANE CITY COUNCIL FOR $50M IF IT TERMINATES CONTRACT

TECHNOLOGYONE SAYS IT WILL SUE BRISBANE CITY COUNCIL FOR $50M IF IT TERMINATES CONTRACT

ENTERPRISE software company TechnologyOne (ASX: TNE) has threatened to sue Brisbane City Council (BCC) for more than $50 million if it terminates a contract between them to supply 13 customer service systems.

Brisbane-based TechnologyOne and BCC have been engaged in an ongoing dispute for most this year when Lord Mayor Graham Quirk put the so...

Read More...
WESTPAC LOOKING TO SELL HASTINGS TO CHARTER HALL

WESTPAC LOOKING TO SELL HASTINGS TO CHARTER HALL

Westpac Group (ASX: WBC) has entered discussions with property investment group Charter Hall (ASX: CHC) to sell Hastings Management, a global infrastructure-assets business with funds under management of about $14.3 billion. Charter Hall is considering the purchase of Hastings following the completion of due diligence and regulatory ...

Read More...
THE CYBER SECURITY FIRM THAT HAS MELBOURNE AND SYDNEY BATTLING FOR ITS BUSINESS

THE CYBER SECURITY FIRM THAT HAS MELBOURNE AND SYDNEY BATTLING FOR ITS BUSINESS

ISRAELI cyber security firm Votiro will decide where to set up shop in Australia in the next few weeks, with both Melbourne and Sydney fiercely bidding for the group's business. There's good reason for the competition as Votiro is one of the fastest growing cyber security firms in the world and where they decide to settle could qu...

Read More...
IF YOU LOSE YOUR MOJO, YOU LOSE YOUR BUSINESS: GLEN RICHARDS

IF YOU LOSE YOUR MOJO, YOU LOSE YOUR BUSINESS: GLEN RICHARDS

HE'S one of the "sharks" on the hit show Shark Tank and Dr Glen Richards deals with startups and scale-ups on a daily basis and he's in a position to know who might succeed, but definitely knows when someone will fail.

"Don't ever lose your passion because once you lose your passion you meet the end of your bus...

Read More...
FURNITURE RENTAL GROUP TO PAY $100,000 TO VULNERABLE REGIONAL CUSTOMERS

FURNITURE RENTAL GROUP TO PAY $100,000 TO VULNERABLE REGIONAL CUSTOMERS

WHITE goods and furniture rental company, The Rental Guys, will refund regional customers $100,000 after the Australian Securities and Investments Commission (ASIC) found they failed to meet responsible lending obligations. After purchasing Country Rentals in November 2013, The Rental Guys visited customers' homes to transfer Country ...

Read More...
MYER SHARES TUMBLE AS PROFITS HIT HARD BY RETAIL FAILURES

MYER SHARES TUMBLE AS PROFITS HIT HARD BY RETAIL FAILURES

MYER'S (ASX: MYR) full year profit will be largely wiped out because of weak trading conditions and the struggling performance of two major brands. The Melbourne based retail group anticipates its $60.5 million expected full year net profit will be now between $66 to $70 million, but that will be hit by $20 million in costs and a loss...

Read More...
BELLAMY'S SHARES TANK AFTER TRADING HALT IS LIFTED

BELLAMY'S SHARES TANK AFTER TRADING HALT IS LIFTED

SHARES in infant formula maker Bellamy's Australia (ASX: BAL) plummeted 11 per cent in early trade on Thursday after a two-week trading halt was lifted. The embattled Tasmanian group went into a trading halt on 7 July following the surprise suspension of a Chinese regulatory licence for its newly acquired canning facility. Just be...

Read More...
HOW A FORMER BEAUTY THERAPIST SCORED AN INVESTMENT FROM SHARK TANK'S STEVE BAXTER

HOW A FORMER BEAUTY THERAPIST SCORED AN INVESTMENT FROM SHARK TANK'S STEVE BAXTER

WHILE most teenagers are busy getting through their homework and social media, Jade Castle was already running a business and spotted a gap in her market.

The Brisbane girl was spray tanning friends, and friends-of-friends, at high school and kept running into the same problem over and over. They were turning up in totally inappropriate ...

Read More...
VILLAGE ROADSHOW REVENUES HIT BY DREAMWORLD TRAGEDY

VILLAGE ROADSHOW REVENUES HIT BY DREAMWORLD TRAGEDY

Village Roadshow (ASX: VRL), which owns Movie World, Sea World, and Wet'n'Wild says the deaths of four people on a ride at Dreamworld on the Gold Coast is significantly hitting visitor numbers and earnings at its own theme parks.

The company says it expects its full-year earnings from its theme parks to be approximately $55 million, d...

Read More...
EML PUSHES FURTHER INTO US WITH PAYMENTS DEAL WITH MAJOR ACCOUNTING FIRM

EML PUSHES FURTHER INTO US WITH PAYMENTS DEAL WITH MAJOR ACCOUNTING FIRM

EML Payments (ASX: EML) has expanded its virtual payments platform in North America with a multi-year agreement to provide its services to a US company that provides accounting services to large restaurant franchises.

The Brisbane payments provider says the deal with Mize Houser, one of the largest accounting firms in the Midwest based in Kan...

Read More...
SPOTLESS FINALLY CAVES IN TO DOWNER'S HOSTILE TAKEOVER

SPOTLESS FINALLY CAVES IN TO DOWNER'S HOSTILE TAKEOVER

DOWNER EDI Limited's (ASX: DOW) hostile takeover of cleaning services Spotless Group may soon be coming to an end after the Spotless board made recommendations to shareholders to accept Downer's offer. The Spotless Board has now recommended to shareholders that they accept Downer's offer who now own 67.3 per cent of the issued...

Read More...
WHY WE SHOULD ALL FEAR GOOGLE, AND WHY A TECH STARTUP CHOSE THE GOLD COAST

WHY WE SHOULD ALL FEAR GOOGLE, AND WHY A TECH STARTUP CHOSE THE GOLD COAST

"GOOGLE is the enemy".

These words greet you upon entry to the funky office of Anonyome Labs on the Gold Coast and it embodies the philosophy behind a company that has developed two apps that provide protection from online identity theft.

SudoApp and SudoPay are platforms that allow users to create up to nine avatars, or s...

Read More...
CIMIC'S HALF YEAR PROFIT SURGE ENSURES A BIG PAY DAY FOR SHAREHOLDERS

CIMIC'S HALF YEAR PROFIT SURGE ENSURES A BIG PAY DAY FOR SHAREHOLDERS

CONSTRUCTION and engineering contractor CIMIC (ASX: CIM) has reported a 22 per cent rise in half-year profit to $323 million and it has lifted its dividend 25 per cent with the extra cash in its coffers.

CIMIC also reported revenue for the six months to June 2017 rose 28 per cent to $6.3 billion on the back of strong growth across all co...

Read More...
COLLINS FOODS COMPLETES $44 MILLION ENTITLEMENT OFFER

COLLINS FOODS COMPLETES $44 MILLION ENTITLEMENT OFFER

COLLINS Foods Limited (ASX: CKF), the largest operator of KFC restaurants in Australia, has successfully completed its $44.1 million entitlement offer. The institutional component of the entitlement offer closed on 27 June 2017, raising approximately $25.9 million. The retail entitlement offer, completed on 14 July, raised approximate...

Read More...
FILMMAKER PROVES IT'S CRUCIAL TO HAVE A 'BUSINESS BRAIN' IN ANY INDUSTRY

FILMMAKER PROVES IT'S CRUCIAL TO HAVE A 'BUSINESS BRAIN' IN ANY INDUSTRY

BEING a little business-minded goes a long way in any career, and Australian filmmaker Scott Corfield is proving it firsthand.

Corfield's most recent production Don't Tell, which premiered internationally in May, featured Australian cinema heavyweights including Jack Thompson and Rachel Griffiths who helped tell the true story of a se...

Read More...
BELLAMY'S OFFERS REFUNDS TO INVESTORS AND ANNOUNCES PROFIT UPGRADE

BELLAMY'S OFFERS REFUNDS TO INVESTORS AND ANNOUNCES PROFIT UPGRADE

INFANT milk formula manufacturers Bellamy's (ASX: BAL) has offered to give back $45 million to retail shareholders who participated in its recent capital raising, as it simultaneously announced a profit upgrade.

Bellamy's shares have been in a trading halt since July 7 when China's Certification Accreditation Administration (...

Read More...
WAR OF WORDS BETWEEN ARDENT AND ARIADNE HEATS UP AHEAD OF EGM

WAR OF WORDS BETWEEN ARDENT AND ARIADNE HEATS UP AHEAD OF EGM

THE BOARD of Ardent Leisure has been "hopeless" and has no turnaround plan, according to property tycoon Kevin Seymour as his company Ariadne and the Dreamworld operator continue to trade barbs.

Seymour (pictured) and corporate raider Gary Weiss, through Ariadne and independently, hold more than eight per cent of Ardent and say they...

Read More...
OPPOSITION TO TABCORP-TATTS MERGER INCREASES WITH CROWNBET WEIGHING IN

OPPOSITION TO TABCORP-TATTS MERGER INCREASES WITH CROWNBET WEIGHING IN

ONLINE betting company CrownBet has joined the consumer watchdog in calling for a judicial review of the proposed $11 billion merger of gaming giants Tabcorp (ASX: TAH) and Tatts Group (ASX: TTS).

The Australian Competition Tribunal (ACT) granted authorisation for the Tabcorp-Tatts merger in June, ruling the deal would create substantial publ...

Read More...
HOW THIS START-UP WENT FROM CROWDFUNDING TO AMERICAN RETAIL

HOW THIS START-UP WENT FROM CROWDFUNDING TO AMERICAN RETAIL

AUSTRALIAN internet device start-up, KoalaSafe, is making waves in the United States after the group signed an agreement to be stocked in 250 American Target retail stores. "It all began as an idea back in 2014 after my nephew got an iPad for Christmas and was spending all his time playing Minecraft," says Steven Pack, who co-fo...

Read More...
SHARK TANK 'WINNER' SAYS HE'LL NOW HIRE 'SMARTER PEOPLE THAN ME' AFTER LANDING INVESTMENT

SHARK TANK 'WINNER' SAYS HE'LL NOW HIRE 'SMARTER PEOPLE THAN ME' AFTER LANDING INVESTMENT

AT the age of 72, most people are happy to kick back and enjoy their retirement but Peter Kuhlmann decided he'd invent a revolutionary product and pitch it to the 'sharks' on Shark Tank and ask for an investment which would value his business at one million dollars.

Seven years ago, Kuhlmann invented the Mini Pallet which is ...

Read More...
TABCORP WARNS ACCC APPEAL WILL DELAY TATTS MERGER

TABCORP WARNS ACCC APPEAL WILL DELAY TATTS MERGER

GAMBLING group Tabcorp (ASX: TAH) will fight the Australian Competition and Consumer Commissions' (ACCC) decision to appeal the decision of the Australian Competition Tribunal granting approval for its merger with Tatts Group (ASX: TTS). The appeal was lodged by the ACCC on Monday, and Tabcorp issued a statement saying it will delay i...

Read More...
SLATER AND GORDON TO SETTLE CLASS ACTION FOR $36M

SLATER AND GORDON TO SETTLE CLASS ACTION FOR $36M

Slater and Gordon (ASX: SGH) has agreed to settle one of the class actions brought against it by angry shareholders which is expected to cost the firm $36.5 million.

The law firm says the Federal Court will mediate a settlement with thousands of shareholders led by investor Matthew Hall.

Slater and Gordon released a statement on Tue...

Read More...
DOWNER'S HOSTILE TAKEOVER OF SPOTLESS CONTINUES WITH 64 PER CENT CONTROLLING STAKE

DOWNER'S HOSTILE TAKEOVER OF SPOTLESS CONTINUES WITH 64 PER CENT CONTROLLING STAKE

DOWNER EDI Limited (ASX: DOW) says its unconditional takeover of Spotless Group Holdings Limited (ASX: SPO) will close tonight at 7pm, as it announces its stake in Spotless has risen to 64.3 per cent.

Downer is now the controlling shareholder in Spotless, and the group has called on remaining shareholders to accept its offer.

The en...

Read More...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter