CYCLONE DEBBIE FORCES MINE, RAIL AND PORT CLOSURES AS IT WREAKS HAVOC IN QUEENSLAND

CYCLONE DEBBIE FORCES MINE, RAIL AND PORT CLOSURES AS IT WREAKS HAVOC IN QUEENSLAND

COAL and gold mines in north and central Queensland are being seriously impacted as ex-Cyclone Debbie moves inland, dumping heavy rain as a tropical low after making landfall on Tuesday as a Category 4 system.

The massive storm system is now moving slowly south-west after making landfall as an intense cyclone between Airlie Beach and Bow...

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SUNCORP SAYS IT'S 'COVERED' AGAINST FINANCIAL COST OF CYCLONE DEBBIE

SUNCORP SAYS IT'S 'COVERED' AGAINST FINANCIAL COST OF CYCLONE DEBBIE

INSURER Suncorp (ASX: SUN) says it is "well protected" against the financial impact of Cyclone Debbie thanks to its main catastrophe program and the purchase of an additional cover.

As the category three cyclone intensifies and heads towards the north Queensland coast between Townsville and Mackay causing forced evacuations, th...

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WHY A JUNIOR MINER DECIDED TO JOIN THE RANKS OF THE HOT POT STOCKS

WHY A JUNIOR MINER DECIDED TO JOIN THE RANKS OF THE HOT POT STOCKS

USUALLY, when a relatively unknown explorer experiences a sharp spike in its share price, it means they've found something valuable in the ground or they're about to start digging it up to sell.

So, when Queensland Bauxite (ASX: QBL) jumped 114% to a high of 3 cents last week it seemed logical to assume the company hit some &quot...

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COLLINS SUPERSIZES IN EUROPE WITH PURCHASE OF 16 KFC RESTAURANTS IN THE NETHERLANDS

COLLINS SUPERSIZES IN EUROPE WITH PURCHASE OF 16 KFC RESTAURANTS IN THE NETHERLANDS

COLLINS Foods (ASX:CKF) has stepped up its European expansion through the purchase of 16 KFC restaurants in the Netherlands for 62.3 million (AU$87.7m) from Yum! Brands.

The deal includes a development agreement with Yum! which sets out a pipeline of 20 new Collins-owned KFC restaurants in the Netherlands by 2021.

It follows the com...

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FROM SECOND HAND MOTORCYCLE DEALER TO LEADER OF THE PACK

FROM SECOND HAND MOTORCYCLE DEALER TO LEADER OF THE PACK

MOTORCYCLE Holdings (ASX: MTO) founder and managing director David Ahmet (pictured below) says he often gets asked whether motorbikes are fad, and how long their popularity will last.

Ahmet's standard answer is, 'well they've been around for 100 years and I don't see why they won't be around for a bit longer'.

...

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NUFARM SHARES SURGE TO FIVE YEAR HIGH ON BIG TURNAROUND

NUFARM SHARES SURGE TO FIVE YEAR HIGH ON BIG TURNAROUND

After a heavy loss in 2015 because of major restructuring, crop protection company Nufarm (ASX: NUF) has swung to profit for the six months to December 31.

The Brisbane-based agricultural chemical company booked net profit after tax of $20 million, after a loss of $91 million from the same period in 2015 which was mostly due to more than...

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VILLA WORLD TAPS MARKET IN $80m CAPITAL RAISING TO RAMP UP GROWTH

VILLA WORLD TAPS MARKET IN $80m CAPITAL RAISING TO RAMP UP GROWTH

Residential property developer Villa World (ASX: VWL) is ramping up its growth strategy on Australia's east coast "hot spots" with an $80 million capital raising venture.

The Gold Coast-based company, which develops and sells residential land and buildings mostly in Queensland, NSW and Victoria, is looking to grow its inven...

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VIRGIN-HNA ALLIANCE GETS PRELIMINARY APPROVAL

VIRGIN-HNA ALLIANCE GETS PRELIMINARY APPROVAL

VIRGIN Australia's proposed alliance with HNA Aviation, Hong Kong Airlines and HK Express has been given interim approval by the ACCC.

If the final ruling, due in May or June, is positive, the Brisbane-based airline will commence direct flights between Australia and Hong Kong and Australia and China, which it will codeshare with HNA.

T...

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NEW HOPE CASHES IN ON COAL PRICE RECOVERY

NEW HOPE CASHES IN ON COAL PRICE RECOVERY

NEW HOPE Corporation is firing like a high efficiency thermal coal power plant under the power of vastly improved coal and oil prices during the six months to 31 December 2016.

The Brisbane-based diversified energy producer (ASX:NHC) has reported net profit after tax of $54.9 million for the half year, a 265 per cent increase compared to the ...

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SEYMOUR WHYTE SHARES SURGE AFTER FRENCH TAKEOVER OFFER REVEALED

SEYMOUR WHYTE SHARES SURGE AFTER FRENCH TAKEOVER OFFER REVEALED

SEYMOUR Whyte (ASX:SWL) is the subject of a takeover offer from French construction giant VINCI.

The Brisbane-based engineering firm is trading up 24 per cent $1.37 per share at 12pm AEDT after releasing the details of the offer to the ASX.

The indicative, non-binding and conditional proposal proposes a price range of $1.36-$1.43 per share...

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SUNCORP TAKES 19.99 PER CENT OF NEW ZEALAND INSURER TOWER

SUNCORP TAKES 19.99 PER CENT OF NEW ZEALAND INSURER TOWER

SUNCORP Bank has taken a 19.99 per cent stake in Tower (ASX:TWR), despite having its takeover bid for the New Zealand company rebuffed in late February.

In a release to the ASX today, Tower says Suncorp (ASX:SUN) has accumulated the shares at NZ$1.40 each, a premium on its offer of NZ$1.30 per share made last month.

Suncorp had attempted t...

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GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offshore manufacturing.

"We never thought that after 108 years of making bricks in Australia, we would now need to investigate manufacturing overseas," says Millner.

Millner says Brickworks' recent gas contract neg...

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OMNI MARKET TIDE SEEKS NEW BACKER DESPITE 18 MONTHS OF 'DISMAL FAILURE'

OMNI MARKET TIDE SEEKS NEW BACKER DESPITE 18 MONTHS OF 'DISMAL FAILURE'

GLENN Vassallo is pushing ahead with plans to recapitalise the ASX-listed company he chairs, Omni Market Tide (ASX:OMT), after a failed reverse takeover of software company RightCrowd.

The Brisbane-based lawyer and company director (pictured) is backing the virtual shareholder engagement technology that he developed and took to the ASX t...

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VITA GROUP SHARES SURGE UPON RESULTS

VITA GROUP SHARES SURGE UPON RESULTS

VITA Group (ASX: VTG), the Brisbane telco retailer tied up with Telstra (ASX: TLS), saw its share price surge 12 per cent upon releasing its half year results.

Just after midday, the company's share price stabilised at around $3.20, reflecting a gain of just over 7 per cent.

The operator of Telstra stores and business centres sa...

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SONAND TURNS THE TIDE AT SURFSTITCH

SONAND TURNS THE TIDE AT SURFSTITCH

SURFSTITCH (ASX:SRF) has reduced its losses in the first half of FY17 as new CEO Mike Sonand executed his turnaround strategy.

In his first full half in charge of the Gold Coast-based action sports electronic retailer, Sonand reduced losses from continuing operations to $5.6 million, compared to $13.6 million the previous corresponding period...

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EUREKA IMPROVES WHILE MANAGEMENT REMAINS UNIMPRESSED

EUREKA IMPROVES WHILE MANAGEMENT REMAINS UNIMPRESSED

EUREKA Group has collected the gains on its 'buy and build' strategy to achieve a net profit of $6.29 million, up 72 per cent on the prior corresponding period (pcp).

The company's acquisition of 483 new freehold units helped boost total income to $15.56 million, a $9.47 million increase over pcp.

Earnings before interes...

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FASHION RETAILER'S TAKEOVER IN DOUBT AS PROFIT CLIMBS

FASHION RETAILER'S TAKEOVER IN DOUBT AS PROFIT CLIMBS

IN the thick of takeover talks, Specialty Fashion Group (ASX: SFH) worked hard to cut costs and see its bottom line benefit for the half year to December.

The owner-operator of brands including Rivers, Katies, Crossroads and Millers welcomed a profit rise to $12.1 million, an increase of 36.8 per cent on the $8.8 million achieved in the ...

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SUPERLOOP $2M LOSS DOES LITTLE TO KILL SLATTERY'S CONFIDENCE

SUPERLOOP $2M LOSS DOES LITTLE TO KILL SLATTERY'S CONFIDENCE

BEVAN Slattery (pictured) is optimistic that Superloop's (ASX: SLC) financial position is promising, despite the company making a loss of $2 million during the half year. While revenue was up a significant 351 per cent at $8.8 million, Superloop's EBITDA still suffered a $6.5 million loss following its acquisition of BigAir Group ...

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RAJ NARAN TO SUCCEED GREG KILMISTER AS ALS BOSS

RAJ NARAN TO SUCCEED GREG KILMISTER AS ALS BOSS

GREG Kilmister (pictured) will retire as MD and CEO of ALS Limited (ASX: ALQ) after 36 years with the company and 12 as its CEO.

Following the ALS annual general meeting on 20 July, Kilmister will be replaced by the current head of the company's Life Sciences division, Raj Naran.

Under Kilmister's leadership, the Brisbane-based com...

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CROMWELL TRADES STEADILY IN FIRST HALF

CROMWELL TRADES STEADILY IN FIRST HALF

CROMWELL Property Group has maintained a steady operating profit at $0.045 per security in the first half of FY17, but profits overall were down following what CEO Paul Weightman (pictured) says was a jackpot prior corresponding period.

First half operating profit was down 11.37 per cent at $78.7 million, from $88.8 million the previous ...

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WHY NEXTDC'S STOCK IS SOARING

WHY NEXTDC'S STOCK IS SOARING

AFTER posting its interim result, NEXTDC (ASX: NXT) gained more than 12 per cent on the stock market before noon.

The Brisbane data centre company reported a revenue rise of 39 per cent to a company record of $58.7 million.

NEXTDC took in earnings before interest, taxes, depreciation and amortisation (EBITDA) of $23.9 million for th...

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SUPER RETAIL GROUP RESULTS SHINE ACROSS THE BOARD

SUPER RETAIL GROUP RESULTS SHINE ACROSS THE BOARD

A WELL-planned and executed half has paid off for Super Retail Group (ASX:SUL) as it posts a net profit result up 26.3 per cent at $74.4 million, normalised to account for brand name impairment incurred during 1H16. Revenue increased by 6.6 per cent, hitting almost $1.3 billion, to take the group's earnings before interest and tax (EB...

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CORPORATE TRAVEL MANAGEMENT POSTS STRONG FIRST HALF RESULT

CORPORATE TRAVEL MANAGEMENT POSTS STRONG FIRST HALF RESULT

CORPORATE Travel Management (ASX:CTD) battled headwinds including a falling Australian Dollar and an airline price war in Asia to grow earnings and profit in the first half of FY17.

Underlying net profit after tax is up 55 per cent at $27.3 million and underlying earnings before interest, tax, depreciation and amortisation (EBITDA) is up 45 p...

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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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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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