Sydney Articles

THE COMPANY THAT DECIDED IT WAS GOING TO GIVE A CRAP THANKS TO CROWD FUNDING

THE COMPANY THAT DECIDED IT WAS GOING TO GIVE A CRAP THANKS TO CROWD FUNDING

SIMON Griffiths is using toilet paper to save the world.

In 2012, on the back of an IndieGoGo crowdfunding campaign, Griffiths sat on a toilet in a warehouse and refused to move until Who Gives A Crap raised enough pre-orders of environmentally friendly toilet paper to start production.

In 50 hours, the team reached its target by raising $...

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SURFSTITCH DOWNGRADES EARNINGS AS SHARES PLUNGE 25 PER CENT IN A DAY

SURFSTITCH DOWNGRADES EARNINGS AS SHARES PLUNGE 25 PER CENT IN A DAY

TROUBLED online sports clothing retailer SurfStitch is considering selling off more of its assets and will close its US office as it expects its full-year loss to double. SurfStitch on Monday announced that weak apparel and footwear sales in its key markets, particularly in the UK, will drag it deeper into the red than the $5 million-$6.5...

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CLASS ACTION LOOMS OVER QUINTIS FOLLOWING CLAIMS OF MISLEADING CONDUCT

CLASS ACTION LOOMS OVER QUINTIS FOLLOWING CLAIMS OF MISLEADING CONDUCT

NATIONAL law firm Piper Alderman, in partnership with litigation funder Litigation Capital Management (ASX: LCA), has announced a potential class action against Sandalwood producer Quintis Limited (ASX: QIN) on the grounds of misleading conduct. Piper Alderman is investigating on behalf of aggrieved shareholders who were short-changed by ...

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ORGANIC FAST FOOD CHAIN TO RAISE $15M IN IPO

ORGANIC FAST FOOD CHAIN TO RAISE $15M IN IPO

THE world's first organically certified fast food chain, Oliver's Real Food, has today opened its IPO.

The restaurant chain is hoping to raise $15 million in its first round of fund raising by issuing 50 million new shares at $0.30 per share.

Oliver's, which prides itself on being a healthy and organic alternative to traditiona...

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AUSCANN RESUMES TRADE AFTER $12 MILLION CAPITAL RAISING

AUSCANN RESUMES TRADE AFTER $12 MILLION CAPITAL RAISING

IT'S BEEN a big few days for medical cannabis manufacturer AusCann (ASX: AC8), as the company emerged from a trading halt today to announce that it had successfully raised $12 million in a share placement with new institutional investors.

The placement received strong interest from both domestic and global companies, as cornerstone invest...

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ONLINE SCAMS TAKE $3.8 MILLION TOLL ON AUSSIE BUSINESSES

ONLINE SCAMS TAKE $3.8 MILLION TOLL ON AUSSIE BUSINESSES

AUSTRALIA's competition watchdog has revealed today that more than 6,000 businesses were attacked by online scams in 2016, as a result losing a combined $3.8 million.

In its Targeting Scams report, The Australian Competition and Consumer Commission (ACCC) found that losses incurred because of online scams increased by almost 31 per cent i...

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APN AND oOh!media MERGER CALLED OFF, CEO 'AMAZED' AT ACCC'S DECISION

APN AND oOh!media MERGER CALLED OFF, CEO 'AMAZED' AT ACCC'S DECISION

THE PROPOSED $1.6 billion merger between Australia's two largest advertising groups, APN (ASX: APO) and oOh!media (ASX: OML) has been called off this morning, amid concerns the agreement would wash out competition in the out-of-home advertising industry.

The ACCC outlined its position earlier in the month that the merger would create...

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ANALYSTS FORECAST A GRIM CHOICE FOR OROTON: SELL UP OR QUIT THE ASX

ANALYSTS FORECAST A GRIM CHOICE FOR OROTON: SELL UP OR QUIT THE ASX

FOLLOWING a warning to the market and a subsequent trading halt earlier in the week which has shaved more than $11 million from Oroton's (ASX: ORL) market value, analysts say the company's choices have essentially boiled down to two: sell its brands to an overseas buyer or quit the ASX altogether. Citi analysts are saying the comp...

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BIDDING WAR FOR FAIRFAX EMERGES WITH NEW AND HIGHER $3B BID FROM US MEDIA INVESTOR

BIDDING WAR FOR FAIRFAX EMERGES WITH NEW AND HIGHER $3B BID FROM US MEDIA INVESTOR

FAIRFAX Media has received a rival bid from global private equity firm Hellman and Friedman worth $3 billion, and has announced that it will allow due diligence to be carried out as a bidding war for the company's assets emerges.

The Hellman and Friedman bid valued Fairfax at between $1.225 and $1.25 per share which is slightly higher tha...

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OROTON'S SHARE PRICE IN FREE FALL AFTER 'UNACCEPTABLE' PROFIT DOWNGRADE

OROTON'S SHARE PRICE IN FREE FALL AFTER 'UNACCEPTABLE' PROFIT DOWNGRADE

SHARES in fashion retailer Oroton (ASX: ORL) have plunged more than 20 per cent in today's trade after announcing its full year earnings will be down around $10 million on the previous year.

Oroton released its update before the market opened on Wednesday after requesting a trading halt on Monday ahead of the announcement, which interim C...

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OFFICEWORKS IPO WRITTEN OFF BY WESFARMERS DUE TO CHALLENGING RETAIL MARKET

OFFICEWORKS IPO WRITTEN OFF BY WESFARMERS DUE TO CHALLENGING RETAIL MARKET

RUMOURS surrounding the Officeworks IPO have proven to be true, as Wesfarmers confirmed this morning that its office supplies subsidiary will not float on the ASX.

In mid-February, Wesfarmers announced that it would be undertaking a strategic review of Officeworks and investigating its potential for an IPO.

However, in the face of a...

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SINORBIS ON TRACK TO PROMOTE AUSTRALIAN PRODUCTS IN CHINA

SINORBIS ON TRACK TO PROMOTE AUSTRALIAN PRODUCTS IN CHINA

AFTER an oversubscribed bidding round, digital marketing technology start-up Sinorbis is on track to deploy their new platform to help Australian companies market their products to Chinese consumers.

The digital marketing platform claims it will assist Australian and international companies to more effectively market their products to Chinese...

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CONTROVERSIAL BANK LEVY SHOULD BE APPLIED TO OTHER BIG BUSINESSES, BOURIS SAYS

CONTROVERSIAL BANK LEVY SHOULD BE APPLIED TO OTHER BIG BUSINESSES, BOURIS SAYS

THE BANK LEVY imposed on the so-called 'Big Five' should be extended to include all government-licenced companies with a turnover of $1 billion or more, according to Yellow Brick Road executive chairman Mark Bouris.

Speaking at the launch of 2017 Gold Coast Queensland Small Business Week, Bouris also says the money raised should be us...

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40 YEARS OF PILLOW TALK: HOW IT SURVIVED IN A TOUGH RETAIL ENVIRONMENT

40 YEARS OF PILLOW TALK: HOW IT SURVIVED IN A TOUGH RETAIL ENVIRONMENT

It started as a tiny startup with five employees to become the "Bunnings" of the bedding industry, and Heath Goddard's bedding business may still be racking up milestones after 40 years, but he still isn't getting carried away.

"It's all rather irrelevant to me. I very rarely take a photograph of anything I've e...

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TPG UPS THE ANTE ON FAIRFAX TAKEOVER BID

TPG UPS THE ANTE ON FAIRFAX TAKEOVER BID

A CONSORTIUM led by telco TPG (ASX: TPM) has revised its proposal to buy out Fairfax Media (ASX: FXJ) for a price of $1.20 per share, which values the deal at $2.7 billion.

This comes one week after TPG's consortium first announced its unsolicited takeover bid to the market at an initial price of $0.95 per share.

The consortium&...

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BIS SAYS INFRASTRUCTURE BUDGET BOOST IS WELCOME, BUT LIKELY UNSUSTAINABLE

BIS SAYS INFRASTRUCTURE BUDGET BOOST IS WELCOME, BUT LIKELY UNSUSTAINABLE

ANALYSTS say that the public infrastructure and construction industry has emerged among the clear winners from last Tuesday's budget, as BIS Oxford Economics forecasts imminent major growth across the sector. Funds allocated from the 2017 Federal Budget will help drive an estimated 30 per cent growth for the industry, which is already...

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NORTHROP & JOHNSON SUPERYACHTS SAIL INTO SYDNEY

NORTHROP & JOHNSON SUPERYACHTS SAIL INTO SYDNEY

A YEAR ago, Cameron Bray (pictured) forged an alliance with one of the world's top superyacht charter brands, and now his Gold Coast-based company is once again gearing up for a major period of growth. Bray's luxury yacht brokerage business Northrop & Johnson is set to sail ahead of the competition as the company sets up its f...

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DOMINO'S DELIVERS THE ROBOTIC GOODS

DOMINO'S DELIVERS THE ROBOTIC GOODS

IN MARCH, Domino's Pizza (ASX: DMP) announced it was on a mission to create a fleet of ground-based robots that would autonomously deliver its pizza's around Europe. This week, the company has announced that these robots, created in partnership with Starship Technologies, have officially taken off in Hamburg, Germany. The new ...

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QLD'S CHIEF ENTREPRENEUR ON CURRENT 'TSUNAMI' OF TALENT: MARK SOWERBY EXCLUSIVE INTERVIEW PART 1

QLD'S CHIEF ENTREPRENEUR ON CURRENT 'TSUNAMI' OF TALENT: MARK SOWERBY EXCLUSIVE INTERVIEW PART 1

HE SPENT a decade conceiving and building Blue Sky Alternative Investments (ASX: BLA) into an ASX top 300 company and when Mark Sowerby stood down as managing director in August 2016, he was looking to spend more time with his growing family after years of long hours away from home.

But he'd barely packed his cardboard box and said h...

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MEGAPORT'S 'LA STORY' AS IT CONNECTS WITH THE US ON A NEW INTERNATIONAL ROUTE

MEGAPORT'S 'LA STORY' AS IT CONNECTS WITH THE US ON A NEW INTERNATIONAL ROUTE

Megaport Limited (ASX: MP1), a Brisbane-based interconnectivity provider, has continued its ex-pansion by establishing a Sydney to Los Angeles link which will cater for growing demand for its services.

The company says enabling this route is a milestone for its customers who want to use key cloud nodes outside of its main hubs of Australia an...

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BANK LEVY ON BIG FOUR COULD DRIVE CUSTOMERS TO REGIONAL BANKS

BANK LEVY ON BIG FOUR COULD DRIVE CUSTOMERS TO REGIONAL BANKS

THE BANK of Queensland (ASX: BOQ) is expected to be a major beneficiary of the Federal Government's bank levy which was introduced in Tuesday's Budget. The Government levy will raise $1.5 billion a year over the next four years, or around five per cent of the profits from the so-called 'Big Four' which includes Commonwealt...

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HOW TO MANAGE OFFICE MOVES: FIVE ESSENTIALS TO PUT INTO ACTION

HOW TO MANAGE OFFICE MOVES: FIVE ESSENTIALS TO PUT INTO ACTION

IF YOU own a business, you will know that the decision to move premises isn't made lightly. Once your business starts to grow, on the one hand it's very exciting, yet on the other it can present a problem for the ill-prepared.   Relocating to a larger space often requires months of planning, and the costs of moving particular...

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ARDENT LEISURE SHARE PRICE DROPS AGAIN AS THEME PARKS CONTINUE TO STRUGGLE

ARDENT LEISURE SHARE PRICE DROPS AGAIN AS THEME PARKS CONTINUE TO STRUGGLE

ARDENT Leisure's (ASX: AAD) theme park division is still losing money with visitation numbers in March and April down by 36.7 per cent compared to the same period last year.

Figures also reveal revenues from the theme parks division was down $9.6 million, a drop of 38.9 per cent as the company continues to struggle following the trag...

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CROWN EXITS MACAU TO PAY DOWN DEBTS

CROWN EXITS MACAU TO PAY DOWN DEBTS

IT HAS been just over five months since Crown Resorts (ASX: CWN) offloaded a significant stake in Melco Resorts & Entertainment in Macau, and now James Packer's casino giant has announced it will be selling off its remaining interest in the company.

Crown Resorts subsidiary Crown Asia Investments (CAI) has entered into a repurchase ag...

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EVE DIPS INTO HEMP HONEY THROUGH LATEST ACQUISITION

EVE DIPS INTO HEMP HONEY THROUGH LATEST ACQUISITION

EVE Investments (ASX: EVE) has dipped into the honeypot buy a 50 per cent stake in tea tree and honey farmer Jenbrook for a total consideration of $1.49 million. The technology investment company entered into the agreement to acquire Jenbrook for its large asset base in organic essential oils, extracts and carrier oils, as well as its res...

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FAIRFAX CONFIRMS IT IS REVIEWING $2.2B TAKEOVER OFFER FROM TPG

FAIRFAX CONFIRMS IT IS REVIEWING $2.2B TAKEOVER OFFER FROM TPG

FAIRFAX Media (ASX: FXJ) is weighing up a $2.2 billion takeover offer from a consortium led by telco TPG (ASX: TPM), as staff at the embattled publisher continue their week-long strike over the latest round of forced redundancies.

Fairfax confirmed it is reviewing the indicative proposal which would result in the consortium taking control of ...

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NEW YORK FASHION WEEK FAVOURITE HOMEBODII DEBUTS AT DAVID JONES

NEW YORK FASHION WEEK FAVOURITE HOMEBODII DEBUTS AT DAVID JONES

MOTIVATED to capture the Mother's Day market in style, lace and bridal loungewear boutique brand homebodii has made its David Jones debut. Homebodii designs have officially launched online and in its flagship David Jones store at Elizabeth Street in Sydney. The Gold Coast-based brand founded in 2011 by fashion designer Ingrid Bonn...

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CEOS SWAP BOARD ROOM FOR CARDBOARD BOXES IN SUPPORT OF THE HOMELESS

CEOS SWAP BOARD ROOM FOR CARDBOARD BOXES IN SUPPORT OF THE HOMELESS

HUNDREDS of Australian CEO's will be going from the boardroom to a cardboard box next month at the St Vincent de Paul annual CEO Sleepout to raise funds and awareness for the homeless.

CEO's, business people and government leaders around the country will be roughing it with nothing but a sheet of cardboard for a bed at 11 major c...

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CONFERENCE SET TO BROADEN ECONOMIC HORIZONS BETWEEN AUSTRALIA AND PNG

CONFERENCE SET TO BROADEN ECONOMIC HORIZONS BETWEEN AUSTRALIA AND PNG

PAPUA New Guinea continues to be a prime source of offshore opportunity for Australian businesses, and now an annual conference is set to discuss how companies can tap its potential even when times are tough. The 33rd annual Australia Papua New Guinea Business Forum, held this year in Port Moresby, will discuss PNG's strong economic p...

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ICONIC GOLD COAST NEIGHBOURHOOD SHOPPING CENTRE CHANGES HANDS

ICONIC GOLD COAST NEIGHBOURHOOD SHOPPING CENTRE CHANGES HANDS

MUDGEERABA Market, one of the Gold Coast's favourite suburban shopping centres, has changed hands for $35.8 million following a heated sales campaign which attracted attention from offshore buyers.

Although contested by numerous private investors from Asia, Sydney-based SCA Property Group ended up winning the sale at an estimated ble...

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