Sydney Articles

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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NEW REAL ESTATE PLATFORM LETS YOU BYPASS THE AGENT

NEW REAL ESTATE PLATFORM LETS YOU BYPASS THE AGENT

THERE'S a new player in the digital economy that allows you to buy a house online without the need for human contact. Sydney-based property portal iBuyNew (ASX:IBN) has launched an online reservation system for new home buyers to reserve their preferred properties 24/7 rather than waiting for a real estate agent. Buyers can view fu...

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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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HOTEL DEVELOPER PICKS UP NEWCASTLE SITE FOR $39M

HOTEL DEVELOPER PICKS UP NEWCASTLE SITE FOR $39M

SYDNEY-based hotel developer Iris Group has secured a Newcastle site for $39 million, which offers mixed residential, retail and commercial potential. GPT and NSW Government's transformation agency UrbanGrowth sold the 1.66-hectare property, with the majority bordered by Hunter, Newcomen, King and Perkins streets. The Joint Region...

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JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Guys. The takeover brings together two of Australia's largest electronics retailers and accelerates JB Hi-Fi's move into the whitegoods market. Announced in September, the deal will see JB Hi-Fi's network increas...

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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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ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in misleading or deceptive conduct between the dates of November 2014 and October 2015.

The Australian Competition and Consumer Commission (ACCC) will tell the Federal Court that Meriton attempted to rig the feedback on its Trip Adv...

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SURVEY PREDICTS THE BULK OF SANTA'S BILLIONS FOR KIDS

SURVEY PREDICTS THE BULK OF SANTA'S BILLIONS FOR KIDS

AUSTRALIA is set to splurge more than $48 billion in retail stores this Christmas, with electronic product makers and big name brands expected to pocket the lion's share when it comes to gifts for children. According to the Roy Morgan's Young Australian Survey, kids are chasing nothing but the best in 2016, with products from...

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ZAMBRERO POWERS UP GLUTEN FREE OFFERING

ZAMBRERO POWERS UP GLUTEN FREE OFFERING

ZAMBRERO has developed a new menu offering to cater to the growing market of gluten awareness. The Sydney-based Mexican quick service restaurant franchise has launched a black rice tortilla as part of its new Power Burrito. Zambrero global procurement and product development manager Perry Josito says the new addition to the superfoods...

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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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FLAMINGO SETS SIGHTS ON US BACKED BY $23M ASX DEBUT

FLAMINGO SETS SIGHTS ON US BACKED BY $23M ASX DEBUT

SYDNEY fintech Flamingo has made its debut on the ASX under Cre8tek's $23 million reinstatement to the market. The listed technology solutions company acquired Flamingo last June, before raising $3 million in an oversubscribed capital raising led by Otsana Capital and relisting under the ticker CR8. Flamingo has developed an Intel...

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ACCC FIRES WARNING SHOT TO IVF PROVIDERS

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC) over widespread misleading advertising techniques. In general, the ACCC expressed concern over the use of technical medical terms in advertising which can confuse the ordinary person, as well as selective reporting of birth ...

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BIG W CEO QUITS AFTER 11 MONTHS

BIG W CEO QUITS AFTER 11 MONTHS

SALLY MacDonald has resigned as chief executive of BIG W ending her tenure at the helm of the struggling discount chain store owned by Woolworths Group. David Walker, who previously led the now dismantled Woolworths' home improvement businesses, will replace McDonald in the interim. McDonald first joined BIG W in January this year...

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STARTUP GATHER ONLINE FORCED OVERSEAS FOR FUNDING

STARTUP GATHER ONLINE FORCED OVERSEAS FOR FUNDING

SYDNEY-based social messaging tool Gather Online is partnering with New Zealand equity crowdfunding platform Equitise to raise $1 million for further technological development and marketing growth.

Equity crowdfunding provides an alternative method for private companies to raise funds through an online portal.  In Australia, equity ...

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CHINA RELEASES ONE DETAINED CROWN CASINO EMPLOYEE

CHINA RELEASES ONE DETAINED CROWN CASINO EMPLOYEE

ONE of the 18 Crown Resorts (ASX: CWN) employees detained in China over suspected gambling related crimes has been released on bail, the company has confirmed. Crown did not identify the employee, but The Australian newspaper reported that Jenny Jiang, a Chinese national who worked as an executive assistant for the company, was released o...

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RESTAURATEURS TO FEAST ON CHRISTMAS SPENDING SPLURGE

RESTAURATEURS TO FEAST ON CHRISTMAS SPENDING SPLURGE

RETAILERS are expecting Christmas sales to rise to $48.1 billion this year, a 2.3 per cent increase on 2015, according to the Australian Retailers Association (ARA) and Roy Morgan Research. ARA executive director, Russell Zimmerman, says sales have been trending upwards, which gives retailers confidence that there will be robust sales over t...

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MARKET FINDS POSITIVES IN TRUMP ELECTION

MARKET FINDS POSITIVES IN TRUMP ELECTION

THE ASX has had its best day in five years in the wake of Donald Trump's election as the United States President.

Investors are seeing the positives of Trump's planned tax cuts, infrastructure spending, cuts to green energy subsidies, and his plan for tariffs on Chinese goods and more aggressive approach to international trade.

Min...

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THE MILL SELLS FOR $110 MILLION

THE MILL SELLS FOR $110 MILLION

DEXUS Property Group (ASX: DXS) has acquired Sydney's The Mill for $110.2 million.

The property comprises of 10 refurbished historic buildings, providing 17,579sqm of warehouse-style office and retail spaces, and car parking, on a 1.9 hectare site, located in Alexandria, close to the CBD, airport and Green Square railway station.

Tenan...

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MILLENNIAL STEREOTYPES SMASHED IN NEW REPORT

MILLENNIAL STEREOTYPES SMASHED IN NEW REPORT

MEET the millennials: they can't hold down a job, flee from financial responsibility and choose fun over stability - or so the world would have you believe. But a new report by CBRE reveals the stereotype may be a far cry from reality, with results showing the generation shares the same long-term lifestyle priorities as its older counterpart...

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DICK SMITH WARNS OF ALDI DANGER

DICK SMITH WARNS OF ALDI DANGER

DICK Smith has warned that ALDI will send either Coles or Woolworths out of business unless the two Australian companies undergo a radical overhaul and reduce local staff.

The day after Woolworths announced it would not renew its contrct with SPC Ardmona to supply private-label tinned tomatoes, Smith (pictured) launched his tirade.

"D...

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FIRST AUSTRALIAN MEDICAL MARIJUANA TRIAL ANNOUNCED

FIRST AUSTRALIAN MEDICAL MARIJUANA TRIAL ANNOUNCED

MEDLAB Clinical Limited (ASX: MDC) is close to starting Australia's first clinical trial into using cannabis to treat cancer patients suffering intractable pain.  It announced last Friday that the commencement of the trial is subject to hospital ethics approval and the Therapeutic Goods Administration granting a clinical trial number, b...

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DREAMWORLD TO DEMOLISH RIVER RAPIDS RIDE THAT KILLED FOUR PEOPLE

DREAMWORLD TO DEMOLISH RIVER RAPIDS RIDE THAT KILLED FOUR PEOPLE

DREAMWORLD's Thunder River Rapids Ride, where four people died in October, will be permanently closed.

In a statement from Dreamworld owner Ardent Leisure (ASX: AAD), CEO and managing Director, Deborah Thomas, says the closure of the ride is the only respectful and appropriate course of action.

"Out of respect for the memories of ...

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POLICE CONCLUDE DREAMWORLD INVESTIGATION

POLICE CONCLUDE DREAMWORLD INVESTIGATION

POLICE have concluded analysis of the scene at Dreamworld following the deaths of four tourists on a ride at the Coomera theme park last month.

The site has been returned to the control of its owners, Ardent Leisure, and ongoing investigations are now under the control of the Coroner.

The park has remained a crime scene during the past two...

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BANK PROFITS STALL DUE TO LOW INTEREST RATES

BANK PROFITS STALL DUE TO LOW INTEREST RATES

COMMONWEALTH Bank (ASX: CBA) statutory net profit was up 4.26 per cent at $2.4 billion for the quarter ending 30 September, the company announced today.

The bank revealed its income growth was impacted by the low interest rate environment, a strengthening Australian Dollar and higher insurance claims.

Banking income growth was solid...

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BUSINESSES URGED TO TAKE ASIA OPPORTUNITY

BUSINESSES URGED TO TAKE ASIA OPPORTUNITY

AUSTRALIAN businesses could gain $138 billion in revenue by acting on expansion plans into Asia, says the latest ANZ Opportunity Asia report.

The report, based on a survey of 1,000 Australian businesses, shows that those who acted on expansion plans into Asia found it easier than expected, and reaped increased revenue.

ANZ group executive,...

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