Gold Coast Articles

FORMER MFS EXECUTIVES HIT WITH DISQUALIFICATIONS AND MASSIVE FINES FOR MISAPPROPRIATING FUNDS

FORMER MFS EXECUTIVES HIT WITH DISQUALIFICATIONS AND MASSIVE FINES FOR MISAPPROPRIATING FUNDS

FIVE key players involved in an investment company that collapsed in 2008 owing $2.5 billion have been ordered to repay a total of $615 million, banned from holding management positions and individually fined between $90,000 and $650,000.

The Supreme Court of Queensland found that Craig White, Michael Christodolou, David Anderson, Guy Hu...

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SURFSTITCH BATTLING FOR SURVIVAL

SURFSTITCH BATTLING FOR SURVIVAL

QUEENSLAND based online retailer SurfStitch Group has gone into a voluntary trading halt for three months after it was hit by a $100 million shareholder class action.

SurfStitch expects the suspension of trade to last until its full-year results at the end of August, to allow it to potentially settle the law suit and continue to carry out its...

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STARTUP SUCCESS BOILS DOWN TO PERSONALITY, SAYS EXPERT

STARTUP SUCCESS BOILS DOWN TO PERSONALITY, SAYS EXPERT

THOSE who own startups will know that there are many essential qualities of a good entrepreneur; their tenacity, financial maturity and a flair for networking to name a few.

However, one business commentator believes that the real substance of a successful entrepreneur boils down to having a high level of emotional intelligence.

Chris Goli...

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THE AMBITIOUS PLAN TO TURN A COLLAPSED FRANCHISE INTO AN EXPANDING BUSINESS

THE AMBITIOUS PLAN TO TURN A COLLAPSED FRANCHISE INTO AN EXPANDING BUSINESS

AUSTRALIA'S newest master franchise is set to launch in October as a commercial cleaning operation, resurrected from the remains of a collapsed company.

Mike Dowling (pictured), CEO of James' Home Services, will launch James' Commercial as an additional business to his existing operation which has 10 regional franchisors and ...

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SLATER AND GORDON TAKES SPOTLESS TO COURT

SLATER AND GORDON TAKES SPOTLESS TO COURT

SPOTLESS Group (ASX: SPO) has been hit by a class action launched by Slater and Gordon (ASX: SGH) in the Federal Court against the cleaning and catering provider.

Slater and Gordon is set to act on behalf of disgruntled shareholders who is accusing Spotless of sweeping its financials under the rug.

Mathew Chuk, senior associate with...

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TOPSHOP GOES INTO ADMINISTRATION AMID VOLATILE RETAIL MARKET

TOPSHOP GOES INTO ADMINISTRATION AMID VOLATILE RETAIL MARKET

TOPSHOP has become the latest in a string of retailers blasted by the volatile retail market, as the iconic fashion label today announced it has been placed in voluntary administration. Austradia Pty Ltd, trading as the Australian arm of the UK-based Topshop and Topman brands, has enlisted the services of administrators Ferrier Hodgson as...

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SIGMA'S SHARE PRICE TAKES A BATTERING AS IT LAUNCHES LEGAL ACTION OVER SUPPLY DEAL

SIGMA'S SHARE PRICE TAKES A BATTERING AS IT LAUNCHES LEGAL ACTION OVER SUPPLY DEAL

SIGMA Healthcare (ASX: SIG) has taken the MyChemist and Chemist Warehouse chains to court to demand they continue to buy its generic medicines.

More than 30 per cent of Sigma's share price was wiped off in trade on Wednesday with the company announcing to the market that the move could cost them between $5 million and $10 million a year.
...

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DREAMWORLD UNDER 'REVIEW' BY OWNERS ARDENT LEISURE AS ACTIVIST INVESTORS PUSH FOR BOARD POSITIONS

DREAMWORLD UNDER 'REVIEW' BY OWNERS ARDENT LEISURE AS ACTIVIST INVESTORS PUSH FOR BOARD POSITIONS

DREAMWORLD owner Ardent Leisure (ASX: AAD) is considering the future of the theme park which may be redeveloped or sold off as the company also faces a board push from activist investors.

Ardent says it is "reviewing" its options with regards to real estate assets at the Gold Coast theme park where four people died in October follow...

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TAKING ON THE TELCO GIANTS AND HOW TO COMPETE AGAINST HEAVYWEIGHTS LIKE TELSTRA

TAKING ON THE TELCO GIANTS AND HOW TO COMPETE AGAINST HEAVYWEIGHTS LIKE TELSTRA

THEY'RE one of only four licenced mobile carriers in Australia, and Pivotel Group is taking on the likes of telco giants Telstra, Optus and Vodafone with an industry-first strategic plan to improve and increase coverage in regional and remote areas.

The Gold Coast-based company has launched a hybrid satellite and mobile phone plan ca...

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HOW INGRID BONNOR TURNED A LABOUR OF LOVE INTO A WORLDWIDE FASHION ICON

HOW INGRID BONNOR TURNED A LABOUR OF LOVE INTO A WORLDWIDE FASHION ICON

BEFORE Ingrid Bonnor started her bridal robe and feminine sleepwear company Homebodii in 2011, she didn't have any fashion design experience to speak of.

What she did have, however, was a keen eye for fine product, a knack for marketing and a wealth of experience as a high-end consultant within the same industry.

In just six years, Hom...

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G8 EDUCATION EXECUTIVE CHRIS SCOTT RETIRES AS COMPANY CUTS CHINESE TIES

G8 EDUCATION EXECUTIVE CHRIS SCOTT RETIRES AS COMPANY CUTS CHINESE TIES

LONG-TIME managing director and executive of G8 Education (ASX: GEM) Chris Scott has announced his retirement, on the same day that his company has emerged from a trading halt to raise $100 million in a new institutional placement. Scott has been central to the growth of the Gold Coast-based G8 Education since it began life as listed comp...

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REGIONAL BANKS HIT OUT AT RATING CUT AND WARN BIG FOUR WILL BENEFIT

REGIONAL BANKS HIT OUT AT RATING CUT AND WARN BIG FOUR WILL BENEFIT

REGIONAL banks have hit out at a downgrade on their credit ratings, warning that it will increase their wholesale funding costs and make it harder for them to compete against the so-called Big Four.

Standard & Poor's lowered the credit rating of 23 Australian institutions this week, excluding the big four banks, and this prompted the ...

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THE COMPANY THAT DECIDED IT WAS GOING TO GIVE A CRAP THANKS TO CROWD FUNDING

THE COMPANY THAT DECIDED IT WAS GOING TO GIVE A CRAP THANKS TO CROWD FUNDING

SIMON Griffiths is using toilet paper to save the world.

In 2012, on the back of an IndieGoGo crowdfunding campaign, Griffiths sat on a toilet in a warehouse and refused to move until Who Gives A Crap raised enough pre-orders of environmentally friendly toilet paper to start production.

In 50 hours, the team reached its target by raising $...

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CLASS ACTION FILED AGAINST SURFSTITCH AFTER ANOTHER EARNINGS WIPEOUT

CLASS ACTION FILED AGAINST SURFSTITCH AFTER ANOTHER EARNINGS WIPEOUT

AS ONLINE retailer SurfStitch (ASX: SRF) battles for survival following another negative earnings forecast, a $100 million class action has been filed in the Supreme Court of Queensland on behalf of aggrieved shareholders.

On Monday, the Gold Coast-based company announced its losses will double to as much as $11.5 million this year, sending i...

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SURFSTITCH DOWNGRADES EARNINGS AS SHARES PLUNGE 25 PER CENT IN A DAY

SURFSTITCH DOWNGRADES EARNINGS AS SHARES PLUNGE 25 PER CENT IN A DAY

TROUBLED online sports clothing retailer SurfStitch is considering selling off more of its assets and will close its US office as it expects its full-year loss to double. SurfStitch on Monday announced that weak apparel and footwear sales in its key markets, particularly in the UK, will drag it deeper into the red than the $5 million-$6.5...

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GOLD COAST AIRPORT RECORDS STRONGEST PERIOD IN HISTORY

GOLD COAST AIRPORT RECORDS STRONGEST PERIOD IN HISTORY

The Gold Coast Airport recorded its strongest April in history for passenger numbers, supported by a growing number of international passengers.

The timing of Easter and school holidays added to the boost, which was also felt across the whole network of Queensland Airports Limited (QAL).  QAL experienced a 7 per cent growth (yea...

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COMMUNITY LAWYERS ON FUNDING CRISIS: BUDGET WAS A DECENT START, BUT MORE NEEDS TO BE DONE

COMMUNITY LAWYERS ON FUNDING CRISIS: BUDGET WAS A DECENT START, BUT MORE NEEDS TO BE DONE

While the Federal Budget may have reversed its initial plans to cut funding from community legal services nationwide, peak groups are saying more needs to be done to end the current justice funding crisis.

Organisations including the National Association of Community Legal Centres (NACLC) and the National Family Violence Prevention Legal...

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AUSCANN RESUMES TRADE AFTER $12 MILLION CAPITAL RAISING

AUSCANN RESUMES TRADE AFTER $12 MILLION CAPITAL RAISING

IT'S BEEN a big few days for medical cannabis manufacturer AusCann (ASX: AC8), as the company emerged from a trading halt today to announce that it had successfully raised $12 million in a share placement with new institutional investors.

The placement received strong interest from both domestic and global companies, as cornerstone invest...

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ONLINE SCAMS TAKE $3.8 MILLION TOLL ON AUSSIE BUSINESSES

ONLINE SCAMS TAKE $3.8 MILLION TOLL ON AUSSIE BUSINESSES

AUSTRALIA's competition watchdog has revealed today that more than 6,000 businesses were attacked by online scams in 2016, as a result losing a combined $3.8 million.

In its Targeting Scams report, The Australian Competition and Consumer Commission (ACCC) found that losses incurred because of online scams increased by almost 31 per cent i...

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APN AND oOh!media MERGER CALLED OFF, CEO 'AMAZED' AT ACCC'S DECISION

APN AND oOh!media MERGER CALLED OFF, CEO 'AMAZED' AT ACCC'S DECISION

THE PROPOSED $1.6 billion merger between Australia's two largest advertising groups, APN (ASX: APO) and oOh!media (ASX: OML) has been called off this morning, amid concerns the agreement would wash out competition in the out-of-home advertising industry.

The ACCC outlined its position earlier in the month that the merger would create...

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ANALYSTS FORECAST A GRIM CHOICE FOR OROTON: SELL UP OR QUIT THE ASX

ANALYSTS FORECAST A GRIM CHOICE FOR OROTON: SELL UP OR QUIT THE ASX

FOLLOWING a warning to the market and a subsequent trading halt earlier in the week which has shaved more than $11 million from Oroton's (ASX: ORL) market value, analysts say the company's choices have essentially boiled down to two: sell its brands to an overseas buyer or quit the ASX altogether. Citi analysts are saying the comp...

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OROTON'S SHARE PRICE IN FREE FALL AFTER 'UNACCEPTABLE' PROFIT DOWNGRADE

OROTON'S SHARE PRICE IN FREE FALL AFTER 'UNACCEPTABLE' PROFIT DOWNGRADE

SHARES in fashion retailer Oroton (ASX: ORL) have plunged more than 20 per cent in today's trade after announcing its full year earnings will be down around $10 million on the previous year.

Oroton released its update before the market opened on Wednesday after requesting a trading halt on Monday ahead of the announcement, which interim C...

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OFFICEWORKS IPO WRITTEN OFF BY WESFARMERS DUE TO CHALLENGING RETAIL MARKET

OFFICEWORKS IPO WRITTEN OFF BY WESFARMERS DUE TO CHALLENGING RETAIL MARKET

RUMOURS surrounding the Officeworks IPO have proven to be true, as Wesfarmers confirmed this morning that its office supplies subsidiary will not float on the ASX.

In mid-February, Wesfarmers announced that it would be undertaking a strategic review of Officeworks and investigating its potential for an IPO.

However, in the face of a...

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CONTROVERSIAL BANK LEVY SHOULD BE APPLIED TO OTHER BIG BUSINESSES, BOURIS SAYS

CONTROVERSIAL BANK LEVY SHOULD BE APPLIED TO OTHER BIG BUSINESSES, BOURIS SAYS

THE BANK LEVY imposed on the so-called 'Big Five' should be extended to include all government-licenced companies with a turnover of $1 billion or more, according to Yellow Brick Road executive chairman Mark Bouris.

Speaking at the launch of 2017 Gold Coast Queensland Small Business Week, Bouris also says the money raised should be us...

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TIDE TURNS TO TV AS QLD FILM MAKERS SECURE FIRST EVER AUSTRALIAN NETFLIX ORIGINAL

TIDE TURNS TO TV AS QLD FILM MAKERS SECURE FIRST EVER AUSTRALIAN NETFLIX ORIGINAL

BRISBANE and Gold Coast film makers are abuzz with today's announcement that its studios will soon play host to the first Netflix Original TV series wholly created in Australia.

Tidelands, written and developed by Brisbane-based production house Hoodlum, is expected to cement the south-east corner's reputation for high quality TV show...

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40 YEARS OF PILLOW TALK: HOW IT SURVIVED IN A TOUGH RETAIL ENVIRONMENT

40 YEARS OF PILLOW TALK: HOW IT SURVIVED IN A TOUGH RETAIL ENVIRONMENT

It started as a tiny startup with five employees to become the "Bunnings" of the bedding industry, and Heath Goddard's bedding business may still be racking up milestones after 40 years, but he still isn't getting carried away.

"It's all rather irrelevant to me. I very rarely take a photograph of anything I've e...

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BOND UNIVERSITY RECRUITS BUSINESS BIG HITTERS TO ITS NEW ENTREPRENEUR DEVELOPMENT PROGRAM

BOND UNIVERSITY RECRUITS BUSINESS BIG HITTERS TO ITS NEW ENTREPRENEUR DEVELOPMENT PROGRAM

BOND University has secured the services of four of Australia's most successful business identities to oversee its new program called Transformer, which is aimed at developing the new wave of young entrepreneurs.

Transformer is the first of its kind in Australia to help students undertake "big picture thinking" and they'll b...

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POLO BY THE SEA RETURNS TO HIGHLIGHT THE CORPORATE SOCIAL CALENDAR

POLO BY THE SEA RETURNS TO HIGHLIGHT THE CORPORATE SOCIAL CALENDAR

NOW IN its twelfth year, the popular Urban Polo circuit is returning to the Gold Coast, once again cementing itself on the social calendar with a premium and luxury platform for client entertainment. The Ferrari Brisbane Polo by the Sea instalment of the circuit, held at The Spit, has forged a strong presence in a market previously domina...

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BIS SAYS INFRASTRUCTURE BUDGET BOOST IS WELCOME, BUT LIKELY UNSUSTAINABLE

BIS SAYS INFRASTRUCTURE BUDGET BOOST IS WELCOME, BUT LIKELY UNSUSTAINABLE

ANALYSTS say that the public infrastructure and construction industry has emerged among the clear winners from last Tuesday's budget, as BIS Oxford Economics forecasts imminent major growth across the sector. Funds allocated from the 2017 Federal Budget will help drive an estimated 30 per cent growth for the industry, which is already...

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NORTHROP & JOHNSON SUPERYACHTS SAIL INTO SYDNEY

NORTHROP & JOHNSON SUPERYACHTS SAIL INTO SYDNEY

A YEAR ago, Cameron Bray (pictured) forged an alliance with one of the world's top superyacht charter brands, and now his Gold Coast-based company is once again gearing up for a major period of growth. Bray's luxury yacht brokerage business Northrop & Johnson is set to sail ahead of the competition as the company sets up its f...

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