BRISBANE COAL TERMINAL REOPENS AFTER SHIPLOADER REPAIR

BRISBANE COAL TERMINAL REOPENS AFTER SHIPLOADER REPAIR

COAL loading has recommenced at New Hope's (ASX: NHC) Brisbane terminal today after repairs to its ship loader, which broke in a storm on 13 November.

Ships have not been able to retrieve coal from Queensland Bulk Handling (QBH) since the incident and New Hope will now work with its customers to recover the shipping backlog.

QBH's ...

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ACCC GIVES GO-AHEAD FOR NEWS CORP TO BUY ARM

ACCC GIVES GO-AHEAD FOR NEWS CORP TO BUY ARM

NEWS Corporation (ASX: NWS) has been given the green light to acquire Australian Regional Media (ARM) from APN News and Media (ASX: APN), following a review by Australia's competition watchdog. The Australian Competition and Consumer Commission (ACCC) launched its review in August, and shortly after published a 'statement of issue...

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SUPERLOOP ONE STEP CLOSER TO BIGAIR ACQUISITION

SUPERLOOP ONE STEP CLOSER TO BIGAIR ACQUISITION

BIGAIR (ASX:BGL) shareholders have given Superloop (ASX:SLC) the green light to acquire the telecommunications company. Just over 97 per cent of shareholders voted in favour of the scheme of arrangement, which would allow the Brisbane-based company to purchase all of the BigAir shares it doesn't already own. BigAir will seek order...

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STRAIGHT TALK: NEW BLUE SKY MANAGING DIRECTOR ROBERT SHAND HAS HIT THE GROUND RUNNING

STRAIGHT TALK: NEW BLUE SKY MANAGING DIRECTOR ROBERT SHAND HAS HIT THE GROUND RUNNING

ROBERT Shand says people have asked him how he has stayed so relaxed in taking control of Blue Sky Alternative Investments (ASX: BLA) from its founder and talisman Mark Sowerby.

When Sowerby stepped down in August, 10 years after founding the company, it came as a shock to many.

At the time, the company had a market capitalisation o...

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WATPAC CHARGES AHEAD WITH NEW $170M BANK FACILITY

WATPAC CHARGES AHEAD WITH NEW $170M BANK FACILITY

WATPAC (ASX:WTP) has finalised a new $170 million syndicated banking facility to tackle multiple large-scale projects. The Brisbane-based developer has secured bank guarantees with Bank of Queensland (ASX:BOQ), BNP Paribas, Commonwealth Bank of Australia (ASX:CBA) and HSBC. The new arrangement is a $50 million increase in Watpac's...

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QUADRANT GETS THE GREEN LIGHT TO LIFT ITS GYM GAME

QUADRANT GETS THE GREEN LIGHT TO LIFT ITS GYM GAME

QUADRANT Fund 5 is free to flex its muscles further in the gym market, after Australia's competition watchdog announced today that it wouldn't oppose the company's acquisition of the Fitness First Asia Pacific Group. As the owner of the Goodlife Health Clubs network and lead franchisor of Jetts Fitness, Quadrant set the market...

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TRAPROCK SEEKS FUNDS IN ASX IPO TO SEARCH HISTORIC QUEENSLAND MINES FOR GOLD

TRAPROCK SEEKS FUNDS IN ASX IPO TO SEARCH HISTORIC QUEENSLAND MINES FOR GOLD

A FLEDGING exploration company with hopes of opening a gold-copper mine near Rockhampton is seeking to raise $6.5 million in an ASX IPO.

"The best place to find a gold mine is in a goldfield, and that's exactly where Traprock will be exploring with the funds raised from this IPO," says Traprock's managing director, David Jel...

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KFC COOKS UP STRONG RESULTS FOR COLLINS FOODS

KFC COOKS UP STRONG RESULTS FOR COLLINS FOODS

COLLINS Foods' (ASX:CKF) half-year profits have sizzled after adding more than 20 KFC stores to its network across Australia and market entry into Europe. The Brisbane-based food service operator recorded a 17.2 per cent lift in net profit to $16.8 million for the half-year ending October 16. Revenue was up 4.7 per cent to $282.5 ...

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RIGHTCROWD REVERSE TAKEOVER MOVES A STEP CLOSER

RIGHTCROWD REVERSE TAKEOVER MOVES A STEP CLOSER

STEVE Terry has resigned as managing director of Omni Market Tide (ASX:OMT) as the company negotiates the transition to its new structure through the reverse takeover of RightCrowd.

His resignation clears the way for RigthCrowd founder, and its current CEO, Peter Hill, to take control of the company as managing director.

As reported recent...

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ALS EXITS OIL AND GAS SECTOR AFTER PRICE PRESSURES HIT PROFIT

ALS EXITS OIL AND GAS SECTOR AFTER PRICE PRESSURES HIT PROFIT

UNCERTAINTY in the global resources sector has hit ALS Limited's (ASX:ALQ) half-year profits, prompting the lab testing provider to divest its oil and gas business. The Brisbane-based company posted a 17 per cent decline in net profit to $51.4 million over the six months to September, compared to the previous half-year. Revenue wa...

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EML PAYMENTS WILL 'BLOW YOUR SOCKS OFF', SAYS ANALYST

EML PAYMENTS WILL 'BLOW YOUR SOCKS OFF', SAYS ANALYST

EML Payments (ASX:EML) is generating buzz among investors looking for ASX-listed companies with exposure to the United States.

In a recent Livewire Markets Buy Hold Sell: US Dollar Earners video, Shane Fitzgerald (pictured), from Monash Investors, is asked, "which stock will blow your socks off?" He replies, "I absolutely love ...

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OROCOBRE DIVESTS LITHIUM TRIANGLE PROJECTS IN ARGENTINA

OROCOBRE DIVESTS LITHIUM TRIANGLE PROJECTS IN ARGENTINA

OROCOBRE (ASX:ORE) will divest a number of lithium brine exploration projects to a Canadian resource company to pursue a bigger fish. The Brisbane-based miner will sell the assets held through its Argentine subsidiary South American Salars SA (SAS) to Toronto Stock Exchange-listed Advantage Lithium Corp. Advantage Lithium will issue m...

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JUMBO INTERACTIVE CUTS ITS LOSSES IN GERMANY

JUMBO INTERACTIVE CUTS ITS LOSSES IN GERMANY

LOTTERY platform Jumbo Interactive (ASX:JIN) will scale down operations in Germany rather than continue to flog a dead horse. The Brisbane-based business plans to stop ongoing losses from its German internet lottery division and focus on the Australian market. Jumbo Interactive founder and CEO Mike Veverka (pictured) says adverse cond...

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AACO DRIVES LUXURY BEEF STRATEGY AS PROFIT DIPS

AACO DRIVES LUXURY BEEF STRATEGY AS PROFIT DIPS

AUSTRALIAN Agricultural Company (ASX:AAC) has posted a dip in half-year profits to $47.9 million, as it shifts towards the global luxury beef segment. The result is an almost 4 per cent decline for the six months to September 30 compared to a year earlier. The Brisbane-based business reported a 20 per cent lift in operating EBITDA of ...

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SOFTWARE BOOM DELIVERS ANOTHER RECORD YEAR FOR TECHNOLOGYONE

SOFTWARE BOOM DELIVERS ANOTHER RECORD YEAR FOR TECHNOLOGYONE

TECHNOLOGYONE (ASX:TNE) has marked its 17th consecutive year of record revenues, backed by strong growth in its Software as a Service (SaaS) business. The Brisbane-based enterprise software developer posted a 14 per cent lift in revenue to $249 million for full-year ending September 30. The results also exceeded market guidance for pr...

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BLUE SKY CRACKS STUDENT HOUSING IN US

BLUE SKY CRACKS STUDENT HOUSING IN US

BLUE Sky Alternative Investments (ASX:BLA) continues to up the ante in the student accommodation market, this time in the US. The Brisbane-based fund manager has formed a joint venture with Student Quarters, an independent student housing investment manager with approximately 5000 beds under management. Based in Atlanta, Student Quart...

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TOM POTTER HAS SUPREME DOUBTS OVER NEW-LOOK PIZZA HUT

TOM POTTER HAS SUPREME DOUBTS OVER NEW-LOOK PIZZA HUT

EAGLE Boys founder Tom Potter (pictured) has predicted it will be "groundhog day" for the failed business rebranded as Pizza Hut.

Both pizza chains have been dominated by rival Domino's and Potter cannot see the situation changing, even merged under new owner Allegro Funds.

"Pizza Hut has run this business backwards for ...

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FRAUD ATTACK HITS SILVER CHEF HARD

FRAUD ATTACK HITS SILVER CHEF HARD

BRISBANE-based Silver Chef Limited (ASX: SIV) has become the victim of a serious fraud involving dodgy customers working with fraudulent GoGetta equipment vendors which has forced the company to downgrade its earnings forecast. The company says that the circumstances giving rise to the fraud attack is "complex" and that it involves...

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NO REST FOR EMERCHANTS IN FY17

NO REST FOR EMERCHANTS IN FY17

EMERCHANTS expects this year to match the highs of FY16, and it has grown gross profit by 218 per cent int he first half of this FY17, says chairman Peter Martin.

Addressing the company's annual general meeting today, Martin (pictured) says Emerchants (ASX: EML) has made significant progress in establishing a robust, globally diversi...

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DOMINO'S MAKES FIRST DRONE PIZZA DELIVERY

DOMINO'S MAKES FIRST DRONE PIZZA DELIVERY

IN a giant leap for pizza-lovers everywhere, Domino's has made the world's first commercial food delivery by drone in New Zealand today. The Brisbane-based pizza giant shipped its first airborne order -  a peri-peri chicken pizza, and a chicken and cranberry pizza - to customers in Whangaparaoa, north of Auckland. The unmann...

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BROKEN SHIP LOADER A CRUEL BLOW FOR NEW HOPE

BROKEN SHIP LOADER A CRUEL BLOW FOR NEW HOPE

THE ship loader at Brisbane's coal port will be out of action for several weeks after it was damaged in Sunday night's storm, says owner New Hope Coal (ASX: NHC).

It's bad news for New Hope, which has battled through a period of low thermal coal prices to find that its key export terminal is damaged just as prices have shot up to ...

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BLUE SKY RAISES $47 MILLION

BLUE SKY RAISES $47 MILLION

BLUE Sky Alternative Access Fund (ASX: BAF) has raised $47 million through an ASX share offer, the company announced today.

The capital was raised through existing investors and a shortfall offer to new investors, opened on 10 November, that was heavily oversubscribed. Blue Sky Alternatives Access Fund director Andrew Champion (pictu...

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RECORD SAME STORE SALES GROWTH BOOSTS DOMINO'S EARNINGS

RECORD SAME STORE SALES GROWTH BOOSTS DOMINO'S EARNINGS

HUNGER for Domino's Pizza's new menu has pushed Australian same store sales up 17.66 per cent since the start of FY17, the largest growth in the company's history.

The scramble to try the new pizzas has led the Brisbane-based company (ASX: DMP) to upgrade its full-year 2017 profit forecast and growth outlook today.

The company ...

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CHEAP AIRFARES STALL FLIGHT CENTRE PROFIT

CHEAP AIRFARES STALL FLIGHT CENTRE PROFIT

FLIGHT Centre (ASX: FLT) has warned that cheap international airfares will impact profit and revenue growth in FY17.

While the Brisbane-based company is expecting record sales volumes for the year, and expects to exceed $20 billion in total transaction value (TTV) for the first time, that will not translate into strong profit growth.

...

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APOLLO GAINS 30 PER CENT IN FIRST DAY ON ASX

APOLLO GAINS 30 PER CENT IN FIRST DAY ON ASX

APOLLO Tourism and Leisure (ASX: ATL) has made a solid start to its days as a listed company, trading up 34 per cent early this afternoon.

The Brisbane-based company's shares are trading at $1.34 per share, after listing at $1. The price gives the company a market cap of around $190 million. A notable entry on the top 20 shar...

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WE'RE NOT DICING WITH CHINA, SAYS THE STAR

WE'RE NOT DICING WITH CHINA, SAYS THE STAR

THE Star Entertainment Group (ASX:SGR) has distanced itself from the problems faced by James Packer's Crown Resorts (ASX:CWN) in China despite revealing that it sources a quarter of gross revenue from VIP junkets out of Asia. Chairman John O'Neill, addressing Star shareholders at the AGM on the Gold Coast this morning, confronted ...

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NEW TERRYWHITE CHEMMART BRAND ROLLS OUT

NEW TERRYWHITE CHEMMART BRAND ROLLS OUT

TERRY White and Chemmart will covert the 500-store network of the merged group to the new brand TerryWhite Chemmart.

The first rebranded store has opened at Glenferrie Road, Hawthorn; it is expected to take until the end of 2017 to convert the entire chain.

Terry White CEO, Anthony White, says, "Both brands have a strong heritage and ...

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TATTS SHARES SURGE ON $11B TABCORP MERGER BID

TATTS SHARES SURGE ON $11B TABCORP MERGER BID

INVESTORS have welcomed news of a proposed $11.3 billion merger between Tabcorp Holdings (ASX:TAH) and Tatts Group (ASX:TTS) with shares in both companies rising on the announcement this morning. Tatts shares surged more than 18 per cent in early trade, while Tabcorp's stock lifted 2.8 per cent as the gaming groups revealed the merger...

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STAR GETS CASINO LICENCE FOR QUEEN'S WHARF

STAR GETS CASINO LICENCE FOR QUEEN'S WHARF

STAR Entertainment Group (ASX: SGR) has secured the casino license for its $3 billion Queen's Wharf Brisbane Integrated Resort Development, the company announced today.

The license will be issued to the Destination Brisbane Consortium, which comprises Far East Consortium and Chow Tai Fook Enterprises.

Star, which has a 50 per cent inte...

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UNITED STATES A GIFT THAT KEEPS ON GIVING FOR EMERCHANTS

UNITED STATES A GIFT THAT KEEPS ON GIVING FOR EMERCHANTS

PAYMENT solutions provider Emerchants (ASX:EML) has signed four B2B Virtual Card agreements with US companies seeking to improve their accounts payable processes.

Boasting optimised payment methods, payment terms and data management, the multi-year programs will enrol suppliers and pay them via a virtual prepaid debit card, with EML clai...

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