SPOTLESS REJECTS DOWNER'S 'HOSTILE' $1.2B BID AS IT PROMISES A STRATEGY RESET

SPOTLESS REJECTS DOWNER'S 'HOSTILE' $1.2B BID AS IT PROMISES A STRATEGY RESET

CLEANING and catering services company Spotless has rejected a $1.26 billion takeover bid from mining services firm Downer EDI, describing it as "hostile" and "highly conditional".

Spotless issued a statement to the ASX on Monday saying the $1.15 per share offer does not represent adequate value as it fails to reflect the ...

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EXCLUSIVE INTERVIEW: MEGAPORT CEO VINCENT ENGLISH ON GLOBAL EXPANSION AND HOW TO SCALE UP A BUSINESS

EXCLUSIVE INTERVIEW: MEGAPORT CEO VINCENT ENGLISH ON GLOBAL EXPANSION AND HOW TO SCALE UP A BUSINESS

THE RAPID expansion of Megaport (ASX: MP1) continues with the Brisbane-based company announcing a major partnership deal with US-based giant Oracle which will allow its customers to access its network across North America, Europe and Asia Pacific.

Through its collaboration with Oracle, Megaport customers will now be able to create a dedicated...

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DOMINO'S PIZZA EMPLOYEES OFFERED A SLICE OF THE PIE

DOMINO'S PIZZA EMPLOYEES OFFERED A SLICE OF THE PIE

DOMINO'S Pizza (ASX: DMP) has launched an employee share acquisition plan which will give its 26,000 staff the option of buying between $1,000 and $5,000 worth of shares per month with their pre-tax salary.

The share acquisition plan is voluntary for the 2017 and 2018 financial years and the purchases will be on market or the Brisban...

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WOOLWORTHS CLAIMS LEGAL VICTORY IN STOUSH WITH LOWE'S

WOOLWORTHS CLAIMS LEGAL VICTORY IN STOUSH WITH LOWE'S

SUPERMARKET giant Woolworths (ASX: WOW) has been given the go-ahead to sell its Masters property assets after winning a legal stoush with former US joint venture partner Lowe's.

Lowe's accused Woolworths last year of acting in bad faith after it offloaded 82 sites to Home Consortium for $750 million as part of its exit from the d...

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PRICELINE STORE ROLLOUT BOOSTS API'S FULL YEAR PROFIT FORECAST

PRICELINE STORE ROLLOUT BOOSTS API'S FULL YEAR PROFIT FORECAST

Australian Pharmaceutical Industries (ASX: API) has booked a rise in half year net profit of $29.1 million on the back of rapid expansion in its Priceline Pharmacy network.

The owner of the Priceline and Soul Pattinson brands reported a 27 percent rise in net profit for the six months to February 28, along with a rise in revenue of 13 per cen...

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'DIGITAL MONSTER' AMAZON CONFIRMS AUSTRALIAN EXPANSION

'DIGITAL MONSTER' AMAZON CONFIRMS AUSTRALIAN EXPANSION

ONLINE retail giant Amazon has finally confirmed the company is launching in Australia to take a major slice of the country's $300 billion sector, as Morgan Stanley warns local retailers they could "get the life squeezed out of them".

The rumour has been circulating for years and, in a brief statement, the company confirmed Amaz...

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BIG FINE FOR CLEANAWAY AFTER WORKER INJURED BECAUSE OF CHEMICAL FIRE

BIG FINE FOR CLEANAWAY AFTER WORKER INJURED BECAUSE OF CHEMICAL FIRE

WASTE management company Cleanaway (ASX:CWY) has been fined $650,000 following a chemical fire which led to an employee being injured.

The company was convicted and fined in the District Court of South Australia following an investigation by federal work health and safety regulator Comcare.

Cleanaway pleaded guilty to a single charge of fa...

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EXECUTIVES AND BOARDS NEED TO STEP UP DEFENCES AGAINST CYBERCRIMINALS, REPORT SAYS

EXECUTIVES AND BOARDS NEED TO STEP UP DEFENCES AGAINST CYBERCRIMINALS, REPORT SAYS

UP to 90 per cent of Australian businesses are experiencing cyber security attacks, sometimes up to hundreds of times a day, and senior executives and boards need to act pre-emptively for their own safety, according to a government report.

The Australian Cyber Security Centre (ASCS) published the comprehensive survey which reveals the "u...

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GAME ON FOR TATTS GROUP AS CONSORTIUM OFFERS $7.3b CASH BID TO SCUPPER TABCORP

GAME ON FOR TATTS GROUP AS CONSORTIUM OFFERS $7.3b CASH BID TO SCUPPER TABCORP

PRIVATE Equity firm Kohlberg Kravis Roberts is leading a consortium which has made an all-cash $7.3 billion bid for Tatts Group (ASX: TTS) in a bid to derail its pending merger with Tabcorp.

The Pacific Consortium, which includes KKR, Morgan Stanley Infrastructure and super fund First State made the offer overnight and values the deal at...

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SHAREHOLDERS NOT HAPPY WITH TPG, SHARE PRICE TAKES A BEATING

SHAREHOLDERS NOT HAPPY WITH TPG, SHARE PRICE TAKES A BEATING

After last week's announcement that TPG Telecom (ASX:TPM) had purchased a government contract to build Australia's fourth mobile network, the company's shares have been dumped by investors, wiping a billion dollars off its market value.

TPG paid $1.26 billion on the government contract for a high-quality chunk of the Australia'...

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AURIZON CUTS FULL YEAR FORECASTS AS FULL FORCE OF CYCLONE DEBBIE BECOMES CLEAR

AURIZON CUTS FULL YEAR FORECASTS AS FULL FORCE OF CYCLONE DEBBIE BECOMES CLEAR

RAIL freight operator Aurizon (ASX: AZJ) has slashed its full year guidance by $100 million to $115 million because of major disruptions to its network in Queensland from Tropical Cyclone Debbie.

Aurizon's projections for FY2017 on earnings before interest and tax (EBIT) have been revised down to $800 to $850 million from its original gui...

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ACQUISITIONS CONTINUE TO DRIVE THE EXPANSION OF BRISBANE-BASED NATIONAL STORAGE

ACQUISITIONS CONTINUE TO DRIVE THE EXPANSION OF BRISBANE-BASED NATIONAL STORAGE

NATIONAL STORAGE (ASX: NSR) has expanded its Perth Development Portfolio with acquisitions totalling $18.6 million across three properties and plans for a further two sites in and around the city.

The Brisbane-based company, which is one of the largest self-storage providers in Australia and New Zealand, will take ownership of a property at t...

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CAR NEXT DOOR LAUNCHES IN BRISBANE AHEAD OF PLANS TO ROLL OUT ACROSS AUSTRALIA

CAR NEXT DOOR LAUNCHES IN BRISBANE AHEAD OF PLANS TO ROLL OUT ACROSS AUSTRALIA

PEER-TO-PEER car sharing startup Car Next Door has launched its Brisbane operation as part of its expansion plans into Australia's major cities.

CarNextDoor.com.au is an online platform that allows car owners to effectively rent their cars out to users as a way of making money on the idle capacity of their vehicles to people who need them...

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ANSELL LAUNCHES ANTI-HIV CONDOM INTO CANADA

ANSELL LAUNCHES ANTI-HIV CONDOM INTO CANADA

ANSELL (ASX: ANN) has teamed up with Melbourne pharmaceutical company Starpharma (ASX: SPL) to launch their anti-viral condom in the Canadian market.

The VitaGel condom, produced by Starpharma and launched under Ansell's LifeStyles brand, has been released already in Australia and will now be introduced into the Canadian market.

The Li...

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FLIGHT CENTRE TAKES SMALL STEP INTO ARGENTINIAN MARKET

FLIGHT CENTRE TAKES SMALL STEP INTO ARGENTINIAN MARKET

TRAVEL company, Flight Centre (ASX: FLT), has acquired a 24.1 per cent stake in Argentina's second largest travel group, Bibam, for AU$9.3m.

Flight Centre's announcement signals the Company's entry into the Argentinian market and represents a low risk entry into the South American market as it plans for further growth across multi...

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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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TPG TO BUILD AUSTRALIA'S FOURTH MOBILE NETWORK

TPG TO BUILD AUSTRALIA'S FOURTH MOBILE NETWORK

TPG TELECOM will build Australia's fourth mobile network after securing a Government contract for $1.9 billion.

In addition to securing a premium spectrum for $1.26 billion, the company will spend a further $600 million on building a mobile network that will cover 80 per cent of the population.

CEO of TPG, David Teoh, says the contract...

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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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AUSSIE SPACE STARTUP LAUNCHES FUNDING ROUND TO LAUNCH 100 NANOSATELLITES $5M

AUSSIE SPACE STARTUP LAUNCHES FUNDING ROUND TO LAUNCH 100 NANOSATELLITES $5M

AUSTRALIAN space startup, Fleet, has announced a $5 million Series A funding round to nanosatellites which aims to connect 75 billion of the world's devices by 2025.

Adelaide-based Fleet is developing nanosatellite technology in partnership with some of the world's leading aerospace engineers, and will launch the first of more than 10...

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MEGAPORT PLUGS CUSTOMERS AND PROVIDERS INTO NEW ONLINE MARKETPLACE

MEGAPORT PLUGS CUSTOMERS AND PROVIDERS INTO NEW ONLINE MARKETPLACE

MEGAPORT Limited (ASX: MP1) has launched a new product called Megaport Exchange, which is an online marketplace hosted on its own portal designed to connect providers to its global network of customers.

According to the company, Megaport Exchange will allow customers to search for services and engage with providers to meet their networking ne...

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OROTON CEO RESIGNS FOLLOWING PROFIT DROP

OROTON CEO RESIGNS FOLLOWING PROFIT DROP

MARK Newman, CEO of OrotonGroup (ASX: ORL), has resigned after the company recorded a 52 percent drop in first half profits. Newman has served as CEO and managing director of the fashion retailer for the last four years and his sudden departure was announced after the company revealed its half year net profit had slumped to $1.8 million. ...

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'CHALLENGING' TRADING CONDITIONS LEAD TO SOFT SALES FOR MICHAEL HILL

'CHALLENGING' TRADING CONDITIONS LEAD TO SOFT SALES FOR MICHAEL HILL

SOFT sales in Australia and New Zealand have hit the share price of retail jeweller Michael Hill International (ASX: MHJ), as the company closed down by more than 3 per cent at $1.355.

Outstripping out new store openings, same store sales were up a slight 0.8 per cent to $417 million in its core Australia and New Zealand markets compared to $...

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SINCLAIR TO COOK UP A SOCIAL MEDIA STORM FOR SILVER CHEF

SINCLAIR TO COOK UP A SOCIAL MEDIA STORM FOR SILVER CHEF

SILVER Chef (ASX: SIV) has announced that celebrity chef Matt Sinclair will become the online face of the company as its new social media ambassador. As part of his new role, the runner-up of Master Chef season 8 will launch a video series following his journey to becoming a hospitality business owner and beyond. Sinclair says he is l...

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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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TECHNOLOGYONE FOUNDER ADRIAN DI MARCO STEPS DOWN AS CEO

TECHNOLOGYONE FOUNDER ADRIAN DI MARCO STEPS DOWN AS CEO

TECHNOLOGYONE (ASX: TNE) founder Adrian Di Marco has formally stepped down from his role as CEO after 30 years with one of Australia's first enterprise technology businesses.

Di Marco will retain his post as executive chairman and long standing COO Edward Chung will take over as CEO from May 23.

"Today we celebrate the 30-y...

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WESTPAC BANK REVEALS ITS TOP 200 BUSINESSES OF TOMORROW

WESTPAC BANK REVEALS ITS TOP 200 BUSINESSES OF TOMORROW

IN CELEBRATION of Westpac's 200th anniversary, the bank has compiled a list of 200 Australian businesses which it predicts will unlock Australia's 'economic potential'. The 200 acknowledged businesses gathered at a summit in Sydney where they networked and collaborated alongside other Australian businesses. Westpac als...

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AUSTRALIAN AI BREAKS INTO THE NORTH AMERICAN MARKET

AUSTRALIAN AI BREAKS INTO THE NORTH AMERICAN MARKET

CRE8TEK (ASX: CR8), owner of Artificial Intelligence Company Flamingo Customer Experience Inc. (Flamingo), has announced its successful expansion into the American market.

The company's Flamingo program is being implemented by Nationwide, a Fortune 100 insurance company.

Flamingo's 'ROSIE' program, a virtual sales assistant...

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DOES BEVAN SLATTERY'S LATEST PLAY MAKE SUPERLOOP AN ATTRACTIVE TARGET FOR TPG?

DOES BEVAN SLATTERY'S LATEST PLAY MAKE SUPERLOOP AN ATTRACTIVE TARGET FOR TPG?

SUPERLOOP (ASX: SLC) has acquired telecommunication infrastructure provider SubPartners for $3.3 million as part of its plan to develop a pan-Asian network.

The acquisition will deliver to Superloop strategic assets including ownership of international submarine cable capacity from a SubPartners' consortium which is building a Singapore t...

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JB HI-FI SHARES SURGE AS FORMER CEO RETURNS TO THE BUSINESS

JB HI-FI SHARES SURGE AS FORMER CEO RETURNS TO THE BUSINESS

The former CEO of JB Hi-Fi, Terry Smart, will return to the business as head of its subsidiary The Good Guys, following the resignation of Michael Ford.

Smart was CEO of JB Hi-Fi from 2010 to 2014 and he returns to the fold just months after the company sealed its $870 million takeover of The Good Guys.

"After 13 years with The Good G...

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