METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ian Morrice will step down from the role in 2018.

The company, which owns retail businesses IGA and Foodland and is a wholesaler and distributor, reported its net profit had falle...

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018
SHARE PRICE PLUNGE FOR RETIREMENT VILLAGE OPERATOR AHEAD OF FOUR CORNERS INVESTIGATION
SHARE PRICE PLUNGE FOR RETIREMENT VILLAGE OPERATOR AHEAD OF FOUR CORNERS INVESTIGATION

A RETIREMENT village operator which has been accused of charging excessive fees through complex contracts has respond...

CHINESE TECH FIRM LOOKS TO AUSTRALIA FOR 'CUTTING EDGE' IDEAS
CHINESE TECH FIRM LOOKS TO AUSTRALIA FOR 'CUTTING EDGE' IDEAS

CHINESE ed-tech company Retech Technologies (ASX: RTE) has listed on the ASX after raising $17.9 million from its IPO...

COLLINS FOODS GOBBLES UP MORE AUSSIE KFC STORES
COLLINS FOODS GOBBLES UP MORE AUSSIE KFC STORES

COLLINS Foods Limited (ASX: CKF) has purchased 28 KFC restaurants from Yum! Brands Inc for $110.2 million, adding fur...

SUPREME COURT ORDERS OCTAVIAR GROUP TO WIND UP
SUPREME COURT ORDERS OCTAVIAR GROUP TO WIND UP

THE Queensland Supreme Court has ordered the Octaviar Group of companies (formerly known as MFS Group) to be wound...

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM
BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

CABCHARGE GIVEN GREEN LIGHT TO BUY YELLOW CABS IN QUEENSLAND FOR $20M
CABCHARGE GIVEN GREEN LIGHT TO BUY YELLOW CABS IN QUEENSLAND FOR $20M

THE consumer watchdog will not oppose the proposed acquisition of Yellow Cabs in Queensland by taxi payment service C...

DOMESTIC TOURISM IN AUSTRALIA BREAKS RECORDS, INJECTS $61.7 BILLION INTO NATIONAL ECONOMY
DOMESTIC TOURISM IN AUSTRALIA BREAKS RECORDS, INJECTS $61.7 BILLION INTO NATIONAL ECONOMY

DOMESTIC Australian tourists have spent a record breaking $61.7 billion on intra and interstate travel this year, acc...

WATPAC'S SHARES SENT SHARPLY DOWN AFTER NEGATIVE EARNINGS UPDATE
WATPAC'S SHARES SENT SHARPLY DOWN AFTER NEGATIVE EARNINGS UPDATE

BUILDER Watpac (ASX: WTP) has revealed an earnings downgrade which means it will only just break even this year, send...

CHINESE DEMAND DRIVES A2 MILK COMPANY REVENUE UP NEARLY $20 MILLION
CHINESE DEMAND DRIVES A2 MILK COMPANY REVENUE UP NEARLY $20 MILLION

THE a2 Milk Company (ASX: A2M) has upgraded its full year outlook on revenue to approximately $517 million for the 20...

DOWNER RAMPS UP HOSTILE TAKEOVER OF SPOTLESS, TAKING A 30 PER CENT STAKE IN ITS TARGET
DOWNER RAMPS UP HOSTILE TAKEOVER OF SPOTLESS, TAKING A 30 PER CENT STAKE IN ITS TARGET

ENGINEERING and maintenance firm Downer EDI (ASX: DOW) has lifted its interest in takeover target Spotless Group (ASX...

SLATER AND GORDON TAKES AIM AT QUINDELL AS SECOND CLASS ACTION LOOMS
SLATER AND GORDON TAKES AIM AT QUINDELL AS SECOND CLASS ACTION LOOMS

SLATER and Gordon (ASX: SGH) has filed a lawsuit against UK-based Watchstone Group concerning the ill-fated sale of i...

SHARK TANK'S NAOMI SIMSON REVEALS THE FIRST QUESTION SHE ASKS OF STARTUP ENTREPRENEURS
SHARK TANK'S NAOMI SIMSON REVEALS THE FIRST QUESTION SHE ASKS OF STARTUP ENTREPRENEURS

SHE'S a keen investor and supporter of the startup community in Australia and RedBalloon founder Naomi Simson ...

BELLAMY'S TRANSFORMATION BEGINS WITH FIRST ROUND OF CAPITAL RAISING
BELLAMY'S TRANSFORMATION BEGINS WITH FIRST ROUND OF CAPITAL RAISING

INFANT milk formula supplier Bellamy's (ASX: BAL) has generated $14.3 million from the institutional component of...

BILLIONAIRES LACHLAN MURDOCH AND BRUCE GORDON JOIN FORCES AS FUTURE OF TEN REMAINS IN DOUBT
BILLIONAIRES LACHLAN MURDOCH AND BRUCE GORDON JOIN FORCES AS FUTURE OF TEN REMAINS IN DOUBT

BILLIONAIRES Lachlan Murdoch and Bruce Gordon have joined forces and merged their holdings in the Ten Network (ASX: T...

ARDENT FACING BOARD SHAKE DOWN AS ACTIVIST INVESTORS MAKE THEIR MOVE
ARDENT FACING BOARD SHAKE DOWN AS ACTIVIST INVESTORS MAKE THEIR MOVE

ARIADNE Australia, the largest securityholder of Ardent Leisure Group (ASX: AAD), has called for the removal of Arden...

NETWORK TEN GOES INTO ADMINISTRATION AFTER BILLIONAIRES BAIL ON FUNDING LOAN
NETWORK TEN GOES INTO ADMINISTRATION AFTER BILLIONAIRES BAIL ON FUNDING LOAN

BREAKING: Network Ten has announced it will go into voluntary administration after failing to secure a key loan fr...

Companies

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018
METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ia...

Property

VILLA WORLD SNAPS UP GOLD COAST LAND FOR $300M RESIDENTIAL DEVELOPMENT
VILLA WORLD SNAPS UP GOLD COAST LAND FOR $300M RESIDENTIAL DEVELOPMENT

RESIDENTIAL developer Villa World (ASX: VLW) has secured one of the last remaining parcels of Central Gold Coast land...

Opinion

WAGE INCREASE 'DEVASTATING' FOR AUSSIE RETAILERS, SAYS ARA
WAGE INCREASE 'DEVASTATING' FOR AUSSIE RETAILERS, SAYS ARA

THE Australian Retailers Association (ARA) says it is extremely concerned by the national minimum wage increase of 3....

Leadership

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 ...

Entrepreneurship

THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT
THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT

THEIR mission is to change the face of cancer care with an app that empowers and connects patients and care givers...

Technology

THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT
THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT

THEIR mission is to change the face of cancer care with an app that empowers and connects patients and care givers...

IMF BRACES FOR BIG LOSS FOLLOWING WITHDRAWAL FROM SPOTLESS CLASS ACTION
IMF BRACES FOR BIG LOSS FOLLOWING WITHDRAWAL FROM SPOTLESS CLASS ACTION

LITIGATION fund IMF Bentham (ASX: IMF) is set to lose as much as half a million dollars after it ceases funding one o...

Finance

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 compa...

Marketing

ACCC RAISES CONCERNS OVER APN MERGER WITH oOh!media
ACCC RAISES CONCERNS OVER APN MERGER WITH oOh!media

THE COMPETITION regulator has waved a warning flag at the proposed $1.6 billion merger between Australia's two...

Executive Lifestyle

NEW VEHICLES - A LUXURY TRAP OR NECESSITY?
NEW VEHICLES - A LUXURY TRAP OR NECESSITY?

IT'S OFTEN said that the cars we drive say a lot about us, and we are sometimes unknowingly stereotyped by the...

Conference And Events

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 itsel...

Video

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 te...

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