Gold Coast Articles

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...

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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 ...

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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...

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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...

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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 ...

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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...

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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...

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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 ...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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 (...

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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...

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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...

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EMPLOYER TELLS STAFF THEY CAN 'F...ING GO STRAIGHT TO THE DOLE QUEUE': COURT WILL HEAR

EMPLOYER TELLS STAFF THEY CAN 'F...ING GO STRAIGHT TO THE DOLE QUEUE': COURT WILL HEAR

THE Fair Work Ombudsman will take the owner of VIP Security Services to court after he allegedly threatened to send staff "straight to the dole queue" if they spoke to Ombudsman inspectors. The watchdog has commenced legal action against security boss and former Palmer United Party candidate for Gaven, Adam Marcinkowski, for all...

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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 ...

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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...

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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...

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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...

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SLATER AND GORDON SHARES IN TRADING HALT AHEAD OF CRITICAL UPDATES

SLATER AND GORDON SHARES IN TRADING HALT AHEAD OF CRITICAL UPDATES

EMBATTLED law firm Slater and Gordon (ASX: SGH) has placed its shares in a trading halt ahead of an update on its legal dramas and a restructure proposal.

The company's shareholders are chasing compensation for the massive drop in the firm's value following its disastrous $1.3 billion acquisition of British professional services firm ...

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NEW LAWS SET TO CHANGE THE WAY RETIREMENT VILLAGES OPERATE FOLLOWING AVEO INVESTIGATION

NEW LAWS SET TO CHANGE THE WAY RETIREMENT VILLAGES OPERATE FOLLOWING AVEO INVESTIGATION

RETIREMENT villages in Queensland will have to simplify contracts and make clauses like exit fees clearer under proposed new laws the state government wants in place by the end of the year.

Premier Annastacia Palaszczuk says a bill will be introduced into Parliament soon to give clear and stringent protection to seniors living in retirement v...

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ACCC TO APPEAL TABCORP & TATTS GROUP MERGER DECISION

ACCC TO APPEAL TABCORP & TATTS GROUP MERGER DECISION

THE Australian Competition and Consumer Commission (ACCC) will appeal the decision of the Australian Competition Tribunal (ACT) to allow Tabcorp Holdings Limited (ASX: TAH) to acquire Tatts Group Limited (ASX: TTS). The ACT found in June that the merger was likely to generate substantial benefits for the greater public and there would be ...

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DREAMWORLD'S VISITATION AND REVENUES IN STEEP DECLINE

DREAMWORLD'S VISITATION AND REVENUES IN STEEP DECLINE

EMBATTLED Gold Coast theme park, Dreamworld, has reported another major drop in visitation numbers with June figures down 30.5 per cent on the previous year and revenues declining by $4.4 million, or 35.3 per cent.

Dreamworld's parent company, Ardent Leisure (ASX: AAD) blamed the struggling June figures on inconsistent nation-wide sc...

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FLIGHT CENTRE CONTINUES GLOBAL EXPANSION STRATEGY WITH NEW ACQUISITIONS

FLIGHT CENTRE CONTINUES GLOBAL EXPANSION STRATEGY WITH NEW ACQUISITIONS

FLIGHT Centre Travel Group (ASX: FLT) has made two separate acquisitions in Mexico and Asia after it picked up Olympus Tours and Bespoke Hospitality Management Asia. The acquisitions follow Wednesday's announcement that the Brisbane-based travel group expects to achieve the top of their targeted range after strong recovery in the seco...

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ASIC MOVES TO STOP GUVERA CEO DARREN HERFT FROM OFFERING SHARES TO 'MUM AND DAD' INVESTORS

ASIC MOVES TO STOP GUVERA CEO DARREN HERFT FROM OFFERING SHARES TO 'MUM AND DAD' INVESTORS

THE CORPORATE regulator has moved to prevent the CEO of tech wreck Guvera, Gold Coast financier Darren Herft, from encouraging investors to tip money into another of his business ventures.

Herft and his AMMA Private Equity group own another tech play, the video messaging service Kwickie, and the Australian Securities and Investments Commissio...

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AI START-UP TO APPLY ITS TECH TO IMPROVE IVF OUTCOMES

AI START-UP TO APPLY ITS TECH TO IMPROVE IVF OUTCOMES

START-UP Life Whisperer will partner with the Monash IVF Group (ASX: MVF) and its subsidiary Repromed to apply its artificial intelligence tech in the selection of healthy embryos.

The agreement will give Life Whisperer access to thousands of images and embryologist expertise to apply Life Whisperer's AI-driven technology for non-inv...

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