BUNNINGS BOSS JOHN GILLAM QUITS WESFARMERS

BUNNINGS BOSS JOHN GILLAM QUITS WESFARMERS

THE man behind Bunnings' home improvement domination has resigned from his role in charge of the retailer.

John Gillam (pictured) says it is the right time to "pass on the leadership baton" at Bunnings, where he has held the role of CEO and managing director for 12 years.

It comes six months after Wesfarmers (ASX: WES)...

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SUPERLOOP ONE STEP CLOSER TO BIGAIR ACQUISITION

SUPERLOOP ONE STEP CLOSER TO BIGAIR ACQUISITION

BIGAIR (ASX:BGL) shareholders have given Superloop (ASX:SLC) the green light to acquire the telecommunications company. Just over 97 per cent of shareholders voted in favour of the scheme of arrangement, which would allow the Brisbane-based company to purchase all of the BigAir shares it doesn't already own. BigAir will seek order...

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BOARD SHAKE-UP TAKES OUT SURFSTITCH FOUNDER

BOARD SHAKE-UP TAKES OUT SURFSTITCH FOUNDER

ONLINE actionwear retailer SurfStitch Group (ASX: SRF) has announced a major board shake-up in a move that effectively strips executive influence from remaining company co-founder Lex Pedersen.

Pedersen, along with Surfdome founder Justin Stone, will resign as executive directors of SurfStitch at the end of December as the struggling Gold Coa...

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ORIGIN TO DIVEST UPSTREAM OIL AND GAS BUSINESS

ORIGIN TO DIVEST UPSTREAM OIL AND GAS BUSINESS

ORIGIN Energy will spin off its upstream oil and gas business in an as-yet unpriced IPO.

It will allow the Sydney-based company (ASX: ORG) to focus on its energy markets business and a simplified integrated gas business.

The new business, NewCo, will include Origin's interests in a number of gas and oil projects, including:
Otw...

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STRAIGHT TALK: NEW BLUE SKY MANAGING DIRECTOR ROBERT SHAND HAS HIT THE GROUND RUNNING

STRAIGHT TALK: NEW BLUE SKY MANAGING DIRECTOR ROBERT SHAND HAS HIT THE GROUND RUNNING

ROBERT Shand says people have asked him how he has stayed so relaxed in taking control of Blue Sky Alternative Investments (ASX: BLA) from its founder and talisman Mark Sowerby.

When Sowerby stepped down in August, 10 years after founding the company, it came as a shock to many.

At the time, the company had a market capitalisation o...

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BMW BOOKED BY ASIC IN RECORD $77 MILLION COMPENSATION SCHEME

BMW BOOKED BY ASIC IN RECORD $77 MILLION COMPENSATION SCHEME

LUXURY vehicle brand BMW has agreed to pay its dues following a five-year string of lending failures which resulted in hardship for consumers. ASIC accepted an enforceable undertaking from BMW Finance, which will see the car dealer implement Australia's largest consumer credit remediation program to the tune of $77 million. The re...

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G8 SHARES BUOYED BY FORECAST PROFIT RECOVERY

G8 SHARES BUOYED BY FORECAST PROFIT RECOVERY

CHILDCARE centre operator G8 Education (ASX:GEM) has revealed it is on track to post a pre-tax profit of up to $162 million this calendar year, giving investors reason to push the share price higher in a broadly weaker market. The forecast result makes up for a shortfall in earnings during the first half, which caused shareholders to shar...

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BELLAMY'S FINDS EXPORTING BABY FORMULA INTO CHINA IS NO CHILD'S PLAY

BELLAMY'S FINDS EXPORTING BABY FORMULA INTO CHINA IS NO CHILD'S PLAY

BELLAMY'S (ASX: BAL) shares have suffered a 40 per cent drop in value today after the company hit a regulatory hurdle exporting its baby formula into China.

Although the company's unaudited revenue for the period between 1 July 2016 to 20 November 2016 is up 24 per cent compared to the same period the previous year, at $93 millio...

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WATPAC CHARGES AHEAD WITH NEW $170M BANK FACILITY

WATPAC CHARGES AHEAD WITH NEW $170M BANK FACILITY

WATPAC (ASX:WTP) has finalised a new $170 million syndicated banking facility to tackle multiple large-scale projects. The Brisbane-based developer has secured bank guarantees with Bank of Queensland (ASX:BOQ), BNP Paribas, Commonwealth Bank of Australia (ASX:CBA) and HSBC. The new arrangement is a $50 million increase in Watpac's...

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QUADRANT GETS THE GREEN LIGHT TO LIFT ITS GYM GAME

QUADRANT GETS THE GREEN LIGHT TO LIFT ITS GYM GAME

QUADRANT Fund 5 is free to flex its muscles further in the gym market, after Australia's competition watchdog announced today that it wouldn't oppose the company's acquisition of the Fitness First Asia Pacific Group. As the owner of the Goodlife Health Clubs network and lead franchisor of Jetts Fitness, Quadrant set the market...

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TRAPROCK SEEKS FUNDS IN ASX IPO TO SEARCH HISTORIC QUEENSLAND MINES FOR GOLD

TRAPROCK SEEKS FUNDS IN ASX IPO TO SEARCH HISTORIC QUEENSLAND MINES FOR GOLD

A FLEDGING exploration company with hopes of opening a gold-copper mine near Rockhampton is seeking to raise $6.5 million in an ASX IPO.

"The best place to find a gold mine is in a goldfield, and that's exactly where Traprock will be exploring with the funds raised from this IPO," says Traprock's managing director, David Jel...

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KFC COOKS UP STRONG RESULTS FOR COLLINS FOODS

KFC COOKS UP STRONG RESULTS FOR COLLINS FOODS

COLLINS Foods' (ASX:CKF) half-year profits have sizzled after adding more than 20 KFC stores to its network across Australia and market entry into Europe. The Brisbane-based food service operator recorded a 17.2 per cent lift in net profit to $16.8 million for the half-year ending October 16. Revenue was up 4.7 per cent to $282.5 ...

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SLATER AND GORDON STILL CHASING PORTION OF LOST UK MONEY

SLATER AND GORDON STILL CHASING PORTION OF LOST UK MONEY

THE £50 million that Slater and Gordon (ASX:SGH) is trying to claw back from the disastrous deal with Watchstone Group last year remains in escrow, the company announced today.

A determination on who gets the amount, worth AU$83.43, hinges on the result of a legal claim made by Slater and Gordon.

Slater and Gordon posted a full-year ...

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RIGHTCROWD REVERSE TAKEOVER MOVES A STEP CLOSER

RIGHTCROWD REVERSE TAKEOVER MOVES A STEP CLOSER

STEVE Terry has resigned as managing director of Omni Market Tide (ASX:OMT) as the company negotiates the transition to its new structure through the reverse takeover of RightCrowd.

His resignation clears the way for RigthCrowd founder, and its current CEO, Peter Hill, to take control of the company as managing director.

As reported recent...

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REOPENING DATE SET FOR DREAMWORLD

REOPENING DATE SET FOR DREAMWORLD

DREAMWORLD will reopen on 10 December, six weeks after four people died on one of its rides - an incident that has so far cost the company $13.4 million.

The theme park will reopen as a mechanical and operational safety review nears completion, says Dreamworld's parent company, Ardent Leisure (ASX:AAD) in a statement this morning.
...

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ALS EXITS OIL AND GAS SECTOR AFTER PRICE PRESSURES HIT PROFIT

ALS EXITS OIL AND GAS SECTOR AFTER PRICE PRESSURES HIT PROFIT

UNCERTAINTY in the global resources sector has hit ALS Limited's (ASX:ALQ) half-year profits, prompting the lab testing provider to divest its oil and gas business. The Brisbane-based company posted a 17 per cent decline in net profit to $51.4 million over the six months to September, compared to the previous half-year. Revenue wa...

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EML PAYMENTS WILL 'BLOW YOUR SOCKS OFF', SAYS ANALYST

EML PAYMENTS WILL 'BLOW YOUR SOCKS OFF', SAYS ANALYST

EML Payments (ASX:EML) is generating buzz among investors looking for ASX-listed companies with exposure to the United States.

In a recent Livewire Markets Buy Hold Sell: US Dollar Earners video, Shane Fitzgerald (pictured), from Monash Investors, is asked, "which stock will blow your socks off?" He replies, "I absolutely love ...

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2016 SYDNEY TOP COMPANIES REVEALED

2016 SYDNEY TOP COMPANIES REVEALED

SYDNEY'S top companies are among Australia's biggest companies, and their stories may be familiar to many. However, the past year has been particularly challenging for many amid a tepid global economic recovery that is fragile at best, and uncertain at the very least, due to the recent US presidential election. The striking fe...

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2016 SYDNEY TOP LISTED COMPANIES 1-10

2016 SYDNEY TOP LISTED COMPANIES 1-10

THIS is your access to the definitive list of Sydney's Top Listed Companies, compiled by the editorial team at Business News Australia. This is the first of what will be an annual list of companies that are some of the heavyweights of Australia's business scene.  The top 10 gives insight into the biggest and most iconic c...

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2016 SYDNEY TOP LISTED COMPANIES 11-20

2016 SYDNEY TOP LISTED COMPANIES 11-20

THIS is your access to the definitive list of Sydney's Top Listed Companies, compiled by the editorial team at Business News Australia. This is the first of what will be an annual list of companies that are some of the heavyweights of Australia's business scene. The next 10 companies continue to demonstrate Sydney's streng...

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2016 SYDNEY TOP LISTED COMPANIES 21-30

2016 SYDNEY TOP LISTED COMPANIES 21-30

THIS is your access to the definitive list of Sydney's Top Listed Companies, compiled by the editorial team at Business News Australia. This is the first of what will be an annual list of companies that are some of the heavyweights of Australia's business scene. The 21-30 list includes four real estate players, with materials,...

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2016 SYDNEY TOP LISTED COMPANIES 31-40

2016 SYDNEY TOP LISTED COMPANIES 31-40

THIS is your access to the definitive list of Sydney's Top Listed Companies, compiled by the editorial team at Business News Australia. This is the first of what will be an annual list of companies that are some of the heavyweights of Australia's business scene. The top 31-40 includes retailer Harvey Norman, superannuation beh...

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2016 SYDNEY TOP LISTED COMPANIES 41-50

2016 SYDNEY TOP LISTED COMPANIES 41-50

THIS is your access to the definitive list of Sydney's Top Listed Companies, compiled by the editorial team at Business News Australia. This is the first of what will be an annual list of companies that are some of the heavyweights of Australia's business scene. More finance companies round out the top 50, while a couple of me...

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OROCOBRE DIVESTS LITHIUM TRIANGLE PROJECTS IN ARGENTINA

OROCOBRE DIVESTS LITHIUM TRIANGLE PROJECTS IN ARGENTINA

OROCOBRE (ASX:ORE) will divest a number of lithium brine exploration projects to a Canadian resource company to pursue a bigger fish. The Brisbane-based miner will sell the assets held through its Argentine subsidiary South American Salars SA (SAS) to Toronto Stock Exchange-listed Advantage Lithium Corp. Advantage Lithium will issue m...

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JUMBO INTERACTIVE CUTS ITS LOSSES IN GERMANY

JUMBO INTERACTIVE CUTS ITS LOSSES IN GERMANY

LOTTERY platform Jumbo Interactive (ASX:JIN) will scale down operations in Germany rather than continue to flog a dead horse. The Brisbane-based business plans to stop ongoing losses from its German internet lottery division and focus on the Australian market. Jumbo Interactive founder and CEO Mike Veverka (pictured) says adverse cond...

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BILLABONG'S FANS SHOW THAT IT'S ALL ABOUT THE BRAND

BILLABONG'S FANS SHOW THAT IT'S ALL ABOUT THE BRAND

SURFWEAR retailer Billabong International (ASX:BBG) may still be struggling to return to profit, but its brand has been a winner on social media.

The Gold Coast-based company, which revealed tough retail conditions in the first few months of the current financial year, has managed to boost its social media following by 20 per cent over the pa...

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AACO DRIVES LUXURY BEEF STRATEGY AS PROFIT DIPS

AACO DRIVES LUXURY BEEF STRATEGY AS PROFIT DIPS

AUSTRALIAN Agricultural Company (ASX:AAC) has posted a dip in half-year profits to $47.9 million, as it shifts towards the global luxury beef segment. The result is an almost 4 per cent decline for the six months to September 30 compared to a year earlier. The Brisbane-based business reported a 20 per cent lift in operating EBITDA of ...

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SOFTWARE BOOM DELIVERS ANOTHER RECORD YEAR FOR TECHNOLOGYONE

SOFTWARE BOOM DELIVERS ANOTHER RECORD YEAR FOR TECHNOLOGYONE

TECHNOLOGYONE (ASX:TNE) has marked its 17th consecutive year of record revenues, backed by strong growth in its Software as a Service (SaaS) business. The Brisbane-based enterprise software developer posted a 14 per cent lift in revenue to $249 million for full-year ending September 30. The results also exceeded market guidance for pr...

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BLUE SKY CRACKS STUDENT HOUSING IN US

BLUE SKY CRACKS STUDENT HOUSING IN US

BLUE Sky Alternative Investments (ASX:BLA) continues to up the ante in the student accommodation market, this time in the US. The Brisbane-based fund manager has formed a joint venture with Student Quarters, an independent student housing investment manager with approximately 5000 beds under management. Based in Atlanta, Student Quart...

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TOM POTTER HAS SUPREME DOUBTS OVER NEW-LOOK PIZZA HUT

TOM POTTER HAS SUPREME DOUBTS OVER NEW-LOOK PIZZA HUT

EAGLE Boys founder Tom Potter (pictured) has predicted it will be "groundhog day" for the failed business rebranded as Pizza Hut.

Both pizza chains have been dominated by rival Domino's and Potter cannot see the situation changing, even merged under new owner Allegro Funds.

"Pizza Hut has run this business backwards for ...

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