Sydney Articles

'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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FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call home contributes to a booming furniture industry worth an estimated $7 billion. However, it is an industry which has long been propped by an overload of Chinese imports, leading to gratuitous amounts of stock stored in expensive ...

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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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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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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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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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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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ADELAIDE DIGITAL MARKETING GURUS CHANGING THE FACE OF ONLINE RETAILING

ADELAIDE DIGITAL MARKETING GURUS CHANGING THE FACE OF ONLINE RETAILING

Frank Grasso, CEO of Adelaide based Dynamic Creative, believes his company's new software will revolutionise Adwords forever.

Google's Adwords has been a staple of online marketing campaigns since it was launched in 2000.

The system, which allows retailers to position their products at the top of Google, has stagnated over the year...

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RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussions with lenders to restabilise its battered capital structure.

Following a gruelling saga, Slater and Gordon has now been notified that in excess of 94 per cent of its debt facility, including debt with Westpac, National Austral...

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FROM GREEN TO GOLD: IRISH EXPAT BUILDS MILLION DOLLAR BUSINESS

FROM GREEN TO GOLD: IRISH EXPAT BUILDS MILLION DOLLAR BUSINESS

WHEN Eoin Daniels arrived in Australia with nothing but a suitcase, a working holiday visa and a passion for carpentry, he didn't expect that in just over a decade's time he would be running his own national company. Around 13 years ago, Daniels was fresh off the plane from Ireland when he secured his first job in Sydney with a lo...

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SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from the venture capital fund it has set up in partnership with Artesian Venture Partners and industry superannuation fund Hostplus.

This follows the SproutX pre-accelerator program, held in late 2016, where 110 startups and entr...

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NEW EVENTS TO PROVIDE INSIGHT AND ADVICE TO INSPIRE SYDNEY BUSINESS OWNERS

NEW EVENTS TO PROVIDE INSIGHT AND ADVICE TO INSPIRE SYDNEY BUSINESS OWNERS

A NEW series of City of Sydney business seminars titled City Thought Leaders will bring together successful Sydney business operators to share first-hand experience and expert advice.

Held at Customs House on the last Wednesday of every month through to November, the series will inspire existing, and aspiring, business owners.

Real ...

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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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CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost half of the total capital transacted during 2016. Last year around US$28.2 billion flowed in from Chinese investors who were seeking a slice of Aussie property, often in the form of Melbourne and Sydney's CBD office assets....

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CRE8TEK SIGNS AGREEMENT TO TEST FLAMINGO ARTIFICIAL INTELLIGENCE TECHNOLOGY

CRE8TEK SIGNS AGREEMENT TO TEST FLAMINGO ARTIFICIAL INTELLIGENCE TECHNOLOGY

CRE8TEK (ASX:CR8) subsidiary Flamingo Customer Experience has signed an agreement for a paid trial of its artificial intelligence technology with ASX-listed Australian marketplace lender, DirectMoney Limited (ASX: DM1).

This paid trial will be conducted over a six-month period, targeted to commence in the second quarter of 2017.

The Flamin...

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SPECIAL FORCES PERSONNEL REVEAL HOW TO STAY SAFE WHEN TRAVELLING

SPECIAL FORCES PERSONNEL REVEAL HOW TO STAY SAFE WHEN TRAVELLING

YOU'VE seen it in the movies: the lone wanderer mugged in the alleyway, the family member taken hostage for ransom or the business person extorted for money at gunpoint. While it's easy to adopt the mentality that 'it will never happen to me', statistically speaking, this is far from the truth when it comes to not just hig...

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JANINE ALLIS' SPECIAL BLEND TO BOOST SUCCESS

JANINE ALLIS' SPECIAL BLEND TO BOOST SUCCESS

BOOST Juice founder Janine Allis spent some time 'winging it' before building a world-class business.

Born in the 'burbs and from humble beginnings, Allis (pictured) partied with rock stars in her twenties in the south of France before finding her calling.

Across almost two decades in business, Allis has just survived, a...

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BE TENACIOUS, BE WISE: KATE MIDDLETON'S TOP CAREER TIPS

BE TENACIOUS, BE WISE: KATE MIDDLETON'S TOP CAREER TIPS

KATE Middleton knows a thing or two about slaying career goals, having become CEO of insurance engineering firm Censeo at age 36.

In celebration of International Women's Day, Kate has shared her top three tips to take ownership of your career to get where you want to be. Be tenacious Tenacity, persistence, determination and p...

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RBA KEEPS CASH RATE ON HOLD AT 1.5 PER CENT

RBA KEEPS CASH RATE ON HOLD AT 1.5 PER CENT

FOR THE seventh consecutive month, the Reserve Bank of Australia (RBA) has decided to leave the official cash rate on hold at 1.5 per cent.

Inflation remains below the official target of 2 per cent and "quite low" according to the RBA, and with growth in labour costs remaining subdued, underlying inflation is expected to stay low fo...

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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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KOPLOVITZ GIVES SPRINGBOARD TO AGILE ENTREPRENEURS

KOPLOVITZ GIVES SPRINGBOARD TO AGILE ENTREPRENEURS

FOR Kay Koplovitz, the key to being a successful entrepreneur is an agile mind - one that is always learning and quick to take on board new insights.

It's what Koplovitz looks for in candidates for the female focused scale-up incubator she founded, Springboard Enterprises, which has mentored 642 entrepreneurs since the year 2000.

...

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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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HOW TO TAKE CONTROL OF YOUR CAREER THROUGH TRAINING

HOW TO TAKE CONTROL OF YOUR CAREER THROUGH TRAINING

GIG economy, remote working, and freelance Friday are more than just buzz terms; our workforce is changing, and so too is its driver: education.

But it's not the online education revolution you might think. As industry insiders speculate online education and course delivery will be the way of the future, Melbourne startup training.co...

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EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your business.

The promise of faster, more reliable internet will allow businesses to entirely operate from the cloud, eliminate geographic borders, use flexible working strategies for better productivity, and integrate their commu...

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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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CROWN RESORTS TAKES PROFIT HIT AND LOSES CEO, BUT TRADING UP ON THE ASX

CROWN RESORTS TAKES PROFIT HIT AND LOSES CEO, BUT TRADING UP ON THE ASX

CROWN Resorts' (ASX: CWN) profit has dropped 9.1 per cent in the half year to 31 December, as VIP earning plummeted.

The normalised profit after tax figure stood at $191.3 million, which is an adjusted amount 'excluding the impact of any variance from theoretical win rate' on VIP win play and significant items.

Australia...

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HUGE PROFIT SPIKE FOR HELLOWORLD HEALS MERGER WOUNDS

HUGE PROFIT SPIKE FOR HELLOWORLD HEALS MERGER WOUNDS

HELLOWORLD (ASX: HLO) gripped the share market this morning after its announcement of a whopping 880 per cent increased profit of $12.9 million for the half year.

The travel company's stock spiked almost 5 per cent during early trade on the ASX, following its 1H16 results presentation which revealed a 23 per cent increased revenue at $171...

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PROFIT DROP AT SERVCORP

PROFIT DROP AT SERVCORP

SERVICED office company Servcorp has seen its profit fall, citing New York City, Singapore and Saudi Arabia as the problems.

The company (ASX:SRV) took revenues of $168 million, up 2.3 per cent, but its profit after tax dropped 3.6 per cent to $18 million.

Servcorp reported floor closure costs took a $3.3 million toll on its business, much...

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