Sydney Articles

SLATER & GORDON AND MAURICE BLACKBURN SHOWDOWN IN BELLAMY'S CLASS ACTION

SLATER & GORDON AND MAURICE BLACKBURN SHOWDOWN IN BELLAMY'S CLASS ACTION

FIERCE rivals Slater & Gordon (ASX: SGH) and Maurice Blackburn have secured funding for class actions against Bellamy's Organic (ASX: BAL) today.

Slater & Gordon will be funded by IMF Bentham (ASX: IMF), while Maurice Blackburn is working with the newly launched Investor Claim Partner (ICP). Both are investigating a case on b...

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BRAMBLES TUMBLES AFTER REDUCING GUIDANCE

BRAMBLES TUMBLES AFTER REDUCING GUIDANCE

BRAMBLES (ASX: BXB) will miss its first-half guidance due to cost pressures at its North America business.

The company is trading down 14.86 per cent at 11.32am (AEDT) at $10.45 per share in response to this guidance announcement this morning.

The company is expecting first-half constant-currency sales revenue growth of around 5 per cent a...

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VILLAGE ROADSHOW PARKS HURT BY DREAMWORLD TRAGEDY

VILLAGE ROADSHOW PARKS HURT BY DREAMWORLD TRAGEDY

QUEENSLAND visitors to Village Roadshow (ASX: VRL) theme parks have declined 12 per cent in the wake of four deaths at Ardent Leisure's (ASX: AAD) Dreamworld.

While the company's Gold Coast theme parks, Wet'n'Wild and Warner Brothers Movie World, have maintained "solid" interstate and international visitor numbers in...

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CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal in Australia.

The company's co-founder, Greg Roebuck, who has been MD and CEO of Carsales since 2002, announced his retirement yesterday,  the same day global auto-industry powerhouse Cox Automotive completed its merger...

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BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains made at the end of 2016, according to the latest SENSIS research.

In December, the SENSIS Business Index was seven points up on the previous year at +46 - a six-year high - and the chief executive officer, John Allan, says exp...

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BEGA PAYS $460 MILLION FOR VEGEMITE TO BRING THE ICONIC BRAND BACK UNDER AUSTRALIAN OWNERSHIP

BEGA PAYS $460 MILLION FOR VEGEMITE TO BRING THE ICONIC BRAND BACK UNDER AUSTRALIAN OWNERSHIP

VEGEMITE is back under Australian ownership after Bega Cheese (ASX: BGA) agreed to buy Mondelez International's Australia and New Zealand grocery and cheese business for $460 million.

The business includes brands such as Vegemite, ZoOSh and Bonox and KRAFT-branded products such as peanut butter, processed cheese slices, mayonnaise, parmes...

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CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institute Index of Consumer Sentiment, despite low interest rates and rising equity prices in the lead up to the New Year. The index rose by just 0.1% in January, from 97.3 in December to 97.4, failing to make up for the 3.9 per cent ...

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GROUPTOGETHER A GIFT FOR TIME-POOR PARENTS

GROUPTOGETHER A GIFT FOR TIME-POOR PARENTS

JULIE Tylman and Ali Linz have taken the stress out of gift giving by creating GroupTogether, an online platform which allows users to pool money towards a single gift.

In around two years the platform has garnered around 20,000 users and has proved especially popular for parents organising gifts for teachers - last Christmas more than 200 sc...

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PETER GREGG RESIGNS AS PRIMARY HEALTH CARE CEO AFTER ASIC CHARGES

PETER GREGG RESIGNS AS PRIMARY HEALTH CARE CEO AFTER ASIC CHARGES

PETER Gregg has resigned as Primary Health Care (ASX: PRY) CEO to deal with two charges of violating the corporations act brought by ASIC related to his time at Leighton Holdings.

The Australian Securities and Investment Commission (ASIC) alleges that Gregg falsified company documents in 2011, and he will front the Downing Centre Local Court ...

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RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whether the operators have the proven expertise and experience to genuinely help budding entrepreneurs.

Jock Fairweather (pictured), director of co-working space Little Tokyo Two and accelerator program Thunder Lizards, claims t...

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SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses are leading the way following strong sales performances during December, particularly in the hospitality sector.

Chief executive of Tyro, an independent EFTPOS banking institution, Gerd Schenkel, says that based on customer ...

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ASIC LAYS CHARGES AGAINST FORMER LEIGHTON HOLDINGS EXECUTIVE PETER GREGG

ASIC LAYS CHARGES AGAINST FORMER LEIGHTON HOLDINGS EXECUTIVE PETER GREGG

PETER GREGG has been charged with violating the Corporations Act by ASIC in relation to his time as chief financial officer of Leighton Holdings (now CIMIC Group).

Gregg, who is currently managing director of ASX-listed Primary Health Care (ASX: PRY), denies the accusations, the company said today in a statement.

The Primary Health Care bo...

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IOT GROUP UPS THE SELFIE STAKES WITH NEW FLYING CAMERA DRONE

IOT GROUP UPS THE SELFIE STAKES WITH NEW FLYING CAMERA DRONE

TAPPING into the instant sharing and gratification market, ASX technology company IoT Group (ASX:IOT) is set to take selfies to a whole new level with its soon to be released flying selfie camera, ROVA.

In line with the Sydney-based company's mantra of creating new and useful technology accessible to everyday people, IoT Group is breaking...

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KNOWLEDGE WORKERS AMONG MOST SOUGHT AFTER IN 2017

KNOWLEDGE WORKERS AMONG MOST SOUGHT AFTER IN 2017

BUSINESSES searching for efficiencies and improved systems are in search of knowledge workers early this year, says the latest Hays Quarterly Report for January-March 2017, making them among the most in-demand in the labour market.

Hays Australia and New Zealand managing director, Nick Deligiannis, says employers are looking to add value...

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$6 MILLION BLOW TO ARDENT LEISURE SINCE DREAMWORLD REOPENING

$6 MILLION BLOW TO ARDENT LEISURE SINCE DREAMWORLD REOPENING

ARDENT Leisure's (ASX: AAD) revenue has taken a $6 million hit since the reopening of Dreamworld and Whitewater World on December 10, six weeks after four died while on Dreamworld's Thunder River Rapids Ride.

The company reported a 63 per cent revenue drop for the period 10 December to 31 December compared to the corresponding period ...

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HILLS HOIST MOVING HOUSE IN THE WAKE OF MASTERS COLLAPSE

HILLS HOIST MOVING HOUSE IN THE WAKE OF MASTERS COLLAPSE

HILLS Limited (ASX: HIL), creator of the classic Aussie Hills Hoist clothesline, has decided to hang up its hat on homewares, deeming the sector no longer financially viable to pursue. AMES Australasia, the company responsible for brands including Cyclone, Nylex and Northcote Pottery, has now taken over the Hills home living business and ...

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UBER FOR INTERNATIONAL SEAFOOD MAKES THE IMPOSSIBLE POSSIBLE

UBER FOR INTERNATIONAL SEAFOOD MAKES THE IMPOSSIBLE POSSIBLE

THE Sydney entrepreneur behind the Alibaba-backed international seafood trading platform Gfresh has urged Australian primary producers to focus on branding amid strong international competition for exports into China.

China's voracious appetite for seafood and other primary produce has made it Australia's largest export market fo...

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FEMALE ENTREPRENEURS GET SPRINGBOARD TO GROWTH

FEMALE ENTREPRENEURS GET SPRINGBOARD TO GROWTH

DESPITE the fast-growing number of women studying STEM subjects at school and university, women continue to be underrepresented as tech entrepreneurs, and that is something the Springboard Accelerator Bootcamp is aiming to change.

Springboard is an entrepreneur accelerator for women that was founded in the United States 16 years ago and ...

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IN THE BATTLE OF CORPORATION VS LITTLE GUY: PERSONALITY WINS

IN THE BATTLE OF CORPORATION VS LITTLE GUY: PERSONALITY WINS

LOOKING at the revenue generated by some of the country's biggest companies, it might be hard to imagine how small businesses and entrepreneurs could ever win the competitive edge. However, many small business people often have more of an edge than they realise, especially on face value, says Glen Carlson, co-founder of business accel...

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VALVE BLOWS STEAM FOLLOWING $3 MILLION FINE

VALVE BLOWS STEAM FOLLOWING $3 MILLION FINE

THE Federal Court has ordered Valve Corporation to pay a $3 million penalty for breaching Australian Consumer Law for misleading its customers about its refund policy. In March last year the Court found Valve made false or misleading representations to consumers through its popular platform Steam, an online gaming hub which has attracted ...

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WHY AUSTRALIA SHOULD GIVE UP USING EUROPEAN NAMES FOR ITS FOOD PRODUCTS

WHY AUSTRALIA SHOULD GIVE UP USING EUROPEAN NAMES FOR ITS FOOD PRODUCTS

IS IT worth finding new names for cheeses such as Feta, Brie, Camembert, Parmesan and Stilton to gain an advantage in trade negotiations? Bond University Professor William Van Caenegem believes it could be, and, once the confusion over cheeses settles, there could be some big benefits for the country's agriculture industry. Caeneg...

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ACCC TO DRIVE A WEDGE IN AIRLINE PARTNERSHIP

ACCC TO DRIVE A WEDGE IN AIRLINE PARTNERSHIP

A MAJOR pending partnership between national airlines is under fire, as the Australian Competition and Consumer Commission (ACCC) proposes to deny its authorisation. The partnership in question, between Virgin Australia Airlines, Virgin Australia Regional Airlines (VARA) and Alliance Aviation Services (ASX: AQZ), proposes to give the airl...

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$500 MILLION JUPITERS TOWER APPROVED

$500 MILLION JUPITERS TOWER APPROVED

THE Star has secured approval to build a $500 million 4.5 star hotel at Jupiters Hotel and Casino as part of the ongoing redevelopment of the property, which could include a further four towers.

Construction is expected to start in 2017, subject to successful apartment pre-sales and will take three years.

The development is a joint ...

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NUROFEN FALSE ADVERTISING FINE INCREASED TO RECORD AMOUNT

NUROFEN FALSE ADVERTISING FINE INCREASED TO RECORD AMOUNT

RECKITT Benkiser has been slogged an extra $4.3 million by the Federal Court for misleading advertising of its Nurofen Specific Pain products after an Australian Competition and Consumer Commission (ACCC) appeal against the penalty was upheld.

The UK-based company must now pay a revised penalty of $6 million - the highest recorded for mislead...

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SIMON SINEK TO TOUR AUSTRALIA IN MARCH

SIMON SINEK TO TOUR AUSTRALIA IN MARCH

LEADERSHIP guru Simon Sinek (pictured) will be the headline speaker at the Start With Why Leadership Forum in March 2017.

Business News Australia readers have the chance to take up a special ticket offer for the forum, hosted by the Growth Faculty, which has a run of dates across Australia and New Zealand.

Sinek's book is a cont...

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CONCERNS OVER ECONOMY HIT CONSUMER CONFIDENCE AHEAD OF CHRISTMAS

CONCERNS OVER ECONOMY HIT CONSUMER CONFIDENCE AHEAD OF CHRISTMAS

CONSUMER confidence has dropped to its lowest level in six months, the latest Westpac Melbourne Insitute of Consumer Sentiment Index shows.
It fell by 3.9% in December from 101.3 in November to 97.3 in December.

Westpac's Chief Economist, Bill Evans (pictured), says the result is a jolt to the previous air of stability and confidence.

...

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DREAMWORLD QUIET ON REOPENING WEEKEND

DREAMWORLD QUIET ON REOPENING WEEKEND

DREAMWORLD welcomed 6,000 guests on its first weekend open following the death of four people on one of its rides.

The Gold Coast theme park conducted the Open Hearts-Open Doors charity event as part of the weekend, which raised $157,225 for the Red Cross.

The money will be distributed to the families of the victims through the GIVIT Appea...

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ARDENT LEISURE SELLS D'ALBORA MARINAS

ARDENT LEISURE SELLS D'ALBORA MARINAS

ARDENT Leisure (ASX:AAD) has sold its d'Albora Marinas portfolio for $126 million, an 11 per cent premium over the asset's book value of $113.5 million.

A joint venture between Sydney-based Balmain Corporation, and Goldman Sachs, was formed to buy the seven marinas, which are in Sydney, Melbourne and Newcastle.

Ardent Leisur...

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THE STAR'S STUNNING ANSWER TO CROWN'S BARANGAROO

THE STAR'S STUNNING ANSWER TO CROWN'S BARANGAROO

THE Star Entertainment Group (ASX:SGR), not to be outdone by James Packer's Barangaroo development across the pond from Darling Harbour, has revealed the stunning winning design for a proposed $500 million hotel apartment tower at its flagship Sydney property. The 60-storey project, which will see a return of The Ritz Carlton brand to...

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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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