RUMOURS ARDENT LEISURE IS LOOKING TO SELL DREAMWORLD

RUMOURS ARDENT LEISURE IS LOOKING TO SELL DREAMWORLD

THE PARENT company of Gold Coast theme park Dreamworld is considering a sale of the struggling business to a Chinese investor, according to The Australian.

The report says Ardent Leisure had been looking to sell the park before the four tragic deaths on the park's Thunder River Rapids ride in October last year.

The Chinese company link...

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DREAMWORLD PARENT COMPANY DEMOTES CEO DEBORAH THOMAS

DREAMWORLD PARENT COMPANY DEMOTES CEO DEBORAH THOMAS

ARDENT LEISURE, the parent company of Gold Coast's Dreamworld theme park, has reshuffled its core leadership with CEO Deborah Thomas removed from the top job.

The company announced that Thomas has been "transitioned" to the role of Chief Customer Officer (Group) and Chief Operating Officer (Australasia) of Ardent Leisure Gr...

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ALIBABA JOINS FORCES WITH BPS TECHNOLOGY

ALIBABA JOINS FORCES WITH BPS TECHNOLOGY

BPS Technology (ASX: BPS) has announced it has teamed up with online retail behemoth Alibaba to tap the revenue potential of 1.4 million Chinese tourists who visit Australia each year by offering their preferred payment method through an app on hand held devices.

The Southport-based FinTech company, which owns Bartercard and the Entertainment...

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MOTORCYCLE HOLDINGS REVS UP, ANNOUNCING THIRD ACQUISITION IN A MONTH

MOTORCYCLE HOLDINGS REVS UP, ANNOUNCING THIRD ACQUISITION IN A MONTH

MOTORCYCLE Holdings (ASX: MTO) has announced its latest pickup in a string of acquisitions which have bolstered its east-Australian network. The motor dealer is set to acquire Trinder Avenue Motors, which includes the operation of Sunshine Coast Harley-Davidson, before the end of the financial year. This move will take Motorcycle Hold...

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DEBBIE IMPEDES ARDENT LEISURE RECOVERY, WASHES OUT RESULTS

DEBBIE IMPEDES ARDENT LEISURE RECOVERY, WASHES OUT RESULTS

ARDENT Leisure (ASX: AAD) has suffered a hit to its recovery cycle following the Dreamworld ride disaster that claimed the lives of four, after ex-Tropical Cyclone Debbie and remarkable weather patterns struck the Gold Coast during the month of March. 

In its 3Q17 trading update, the group recorded an unaudited revenue of US$61.5 million...

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NEW SUITOR EMERGES AS MANTRA GROUP RUMOUR MILL CONTINUES

NEW SUITOR EMERGES AS MANTRA GROUP RUMOUR MILL CONTINUES

MANTRA Group (ASX: MTR), the subject of several takeover rumours, has reportedly attracted another suitor in the form of Thai group Minor International.

Minor International owns restaurant and café chains including the Coffee Club, and The Australian reports it may be interested in buying a stake in Mantra.

It becomes the lat...

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WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's radar over the past six months. Recent legislative changes have allowed for importation of the drug and patient-specific sales, as government red tape and other legal barriers are being systematically lifted. The Narcotic Dru...

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FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordon, in regards to the Melbourne-based firm's alleged misconduct which led to its billion-dollar fall from grace. ACA has become the second firm to lay the foundations for a class action against Slater and Gordon, after Maur...

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DESIGNER JEWELLERY HOUSE ANNOUNCES INDUSTRY VETERAN AS NEW CEO

DESIGNER JEWELLERY HOUSE ANNOUNCES INDUSTRY VETERAN AS NEW CEO

Former Michael Hill CEO Mike Parsell has joined the luxe jewellery brand, Secrets, as the company looks to grow the business beyond its current eight stores across Australia.

During his tenure at Michael Hill, which included 16 years as CEO, Parsell was part of its expansion from three stores to more than 300 across Australia, New Zealan...

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STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she might be surprised learn that instead of flying, the Starships' main pursuit will be fast food delivery courtesy of Domino's Pizza. Just over three months since Domino's Group (ASX: DMP) acquired the Joey's Pizz...

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QUEENSLAND WEATHER UPDATE: MAJOR AIRPORTS STILL IN BUSINESS DESPITE CANCELLATIONS AND DELAYS

QUEENSLAND WEATHER UPDATE: MAJOR AIRPORTS STILL IN BUSINESS DESPITE CANCELLATIONS AND DELAYS

DESPITE the storms and flash floods which are continuing to wreak havoc across several Queensland cities and towns, the state's major airports are still in in business. Brisbane and Gold Coast airports are still operating, though a number of scheduled departures, arrivals and airline services have been cancelled due to extreme weather...

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STARS ALIGN AS GOLD COAST ICON REBRANDS

STARS ALIGN AS GOLD COAST ICON REBRANDS

TODAY marks a shift in the Gold Coast's constellation as the iconic Jupiters Hotel and Casino officially rebrands to The Star. The transition comes as the development of the property continues into its next phase of refurbishment which includes upgrades to lifts, escalators, food and beverage outlets, meeting rooms and arrival areas. ...

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FLYING START TO 2017 PASSENGER NUMBERS FOR GOLD COAST AIRPORT

FLYING START TO 2017 PASSENGER NUMBERS FOR GOLD COAST AIRPORT

RECORD numbers of travellers used the Gold Coast Airport (GCA) in January this year, continuing a five-year trend of growth for the facility owned by Queensland Airports Limited.

More than 624,000 passengers used the airport in January as a primary departure or arrival station, an increase of 1.7 per cent on the same time last year.

...

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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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IS MANTRA GROUP IN THE SIGHTS OF ASIAN INVESTORS?

IS MANTRA GROUP IN THE SIGHTS OF ASIAN INVESTORS?

Mantra Group (ASX:MTR) is rumoured to be a takeover target, with Asian investors and the InterContinental Hotel Group linked to the Gold Coast based hotel group.

The Australian is reporting that the speculation is taking place as major international hotel operators search for growth opportunities in Australia.

Mantra is considered a prime ...

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GRACE LOVES LACE DRESSED FOR BRITISH SUCCESS

GRACE LOVES LACE DRESSED FOR BRITISH SUCCESS

IT'S safe to say that most Gold Coast brides searching for the perfect dress have, at least once, laid eyes on a number by Grace Loves Lace. The brand, founded by Megan Ziems, boasts intricate and affordable designs handcrafted exclusively from fine French and European lace and silks. Due to the success of her existing showrooms, ...

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NATIONAL STORAGE PACKS OUT ITS OFFERING

NATIONAL STORAGE PACKS OUT ITS OFFERING

NATIONAL Storage REIT (ASX: NSR) has announced its plans to acquire a new prime location at Bundall, adjacent to the former Masters Hardware store. The group, headed by managing director Andrew Catsoulis, has entered arrangements with Leyshon Group to jointly develop the Gold Coast site which boasts 6,900sqm of retail and warehouse space....

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COAST CONTINUES TO BREAK TOURISM RECORDS

COAST CONTINUES TO BREAK TOURISM RECORDS

IN CASE there was any doubt the Gold Coast remains one of the nation's key tourist hotspots, the city has once again beaten records for its number of international visitors in 2017. The International Visitor Survey (IVS) conducted by Gold Coast Tourism revealed a 13.9 per cent increase in visitor traffic during 2017, as a total of 1.0...

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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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VILLA WORLD ADDS CLYDE LAND TO VICTORIA DEVELOPMENT PIPELINE

VILLA WORLD ADDS CLYDE LAND TO VICTORIA DEVELOPMENT PIPELINE

HOUSING developer Villa World (ASX:VLW) has bought a 42 hectare site at Clyde, south east of Melbourne, for $33 million, adding to its growing portfolio in Victoria.

Villa World CEO and managing director, Craig Treasure, says he considers the Melbourne market to be strong right now, buoyed by population growth.

The state's new first ho...

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DREAMWORLD RECOVERY CONTINUES

DREAMWORLD RECOVERY CONTINUES

REVENUES at Dreamworld continue to improve following the tragedy at the theme park in October last year, when four people died on the Thunder River Rapids Ride.

The theme parks division of Sydney-based Ardent Leisure (ASX:AAD) recorded unaudited revenue of $4.4 million during February 2017, down 35 per cent on the previous corresponding ...

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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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NVC PLAYS A DIFFERENT GAME, AND WINS

NVC PLAYS A DIFFERENT GAME, AND WINS

AS its profits rise, National Veterinary Care's (ASX: NVL) focus on training over retail is proving to be a winning strategy. Managing director Tomas Steenackers says NVC, which is a healthcare conglomerate of vet clinics across Australia and New Zealand, is 'well placed to deliver shareholder value in H2FY2017 and beyond'. ...

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PWR PROFIT CRASHES AS DOLLAR RISES AND COSTS MOUNT

PWR PROFIT CRASHES AS DOLLAR RISES AND COSTS MOUNT

A RISING Aussie dollar has offset PWR Holdings Limited's (ASX:PWH) overseas growth in the last half, forcing a profit (NPAT) drop of 44 per cent to $1.8 million. While revenue increased 0.8 per cent to reach $18.6 million, earnings before interest, tax, depreciation and amortisation (EBITDA) dropped by 36.2 per cent to $3.4 million. ...

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BILLABONG'S SALES DEPARTMENT STILL STRUGGLING

BILLABONG'S SALES DEPARTMENT STILL STRUGGLING

SURFWEAR retailer Billabong International (ASX: BBG) hasn't posted any surprises to the ASX.

The Burleigh Heads business is still struggling in the sales department, with total group sales down 9.5 per cent year-on-year to $508.3 million.

It took in $39.3 million in earnings before interest, taxes, depreciation and amortisation (EBITDA...

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ARDENT TAKES $95.2 MILLION HIT FROM DREAMWORLD TRAGEDY

ARDENT TAKES $95.2 MILLION HIT FROM DREAMWORLD TRAGEDY

ARDENT Leisure has taken a $95.2 million write-down on the value of its Dreamworld theme park following the tragedy that left four people dead and closed the park for 45 days from October.

The company (ASX:AAD) has reported a $49.4 million loss for the first half of FY17, compared to a $22.7 million profit in the previous corresponding period...

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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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RETAIL FOOD GROUP RISES

RETAIL FOOD GROUP RISES

RETAIL Food Group's (ASX: RFG) 17.3 per cent profit rise to $33.5 million for the first half of FY17 was received warmly in early trade on the ASX today.

The Gold Coast company, which owns and operates more than 2500 outlets of brands including Donut King and Crust Pizza, was trading up 4.21 per cent at $6.44 per share at 12.31pm AEDT.

...

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