PNA ENDORSES TAKEOVER BID

PNA ENDORSES TAKEOVER BID

PANAUST (ASX: PNA) is recommending for shareholders to accept the newly increased GRAM takeover bid.

GRAM has agreed to increase its all-cash offer price to $1.85 per share, which will value PNA shares at approximately $1.2 billion.

All independent PNA directors intend to accept the offer, in the absence of a superior proposal.

The offe...

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LOG BOOKS: TIME TO TAKE A CLOSER LOOK

LOG BOOKS: TIME TO TAKE A CLOSER LOOK

ARE you maintaining your log book correctly? If you're not, you may be faced with additional tax and penalties to pay. Log books are not only important for individuals claiming motor vehicle deductions in their personal income tax returns but equally important for employers who provide vehicle's to their employee's or associat...

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PANAUST REJECTS "INADEQUATE" OFFER

PANAUST REJECTS "INADEQUATE" OFFER

PANAUST Limited (ASX:PNA) has urged shareholders to reject an "inadequate" takeover offer by Guangdong Rising Assets Management (GRAM). GRAM offered the copper miner a revised bid of $1.71 per share, down from its previous offer of $2.30 a unit in May 2014. The PanAust board and an independent expert from Ernst & Young a...

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GORE SLAMMED AS ARCHITECT OF $1.7M SCAM

GORE SLAMMED AS ARCHITECT OF $1.7M SCAM

DISGRACED Gold Coast businessman Craig Gore has been labelled the architect of an elaborate scheme that pilfered $1.7 million from private super funds for his own apparent benefit. Federal Court Judge Richard White has also found that if "left unrestrained", there is a "very real risk" he could do it again. Justice...

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ECONOMIC CONFIDENCE BUT NOT ENOUGH TO SPEND

ECONOMIC CONFIDENCE BUT NOT ENOUGH TO SPEND

LARGE Australian companies are quietly confident ahead of the Federal Budget next month, according to research from American Express. The American Express CFO Research Global Business and Spending Monitor surveyed a number of chief financial officers from companies with revenues of more than US$500 million. The findings show CFOs anti...

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FIVE STEPS TO CLEAR DEBT FAST

FIVE STEPS TO CLEAR DEBT FAST

HOUSEHOLD debt is at a 25-year high, with Australians collectively owing approximately $1.8 trillion according to SocietyOne. The peer-to-peer lender says the data equates to $79,000 for each person living in Australia. SocietyOne CEO Matt Symons says it's no wonder Australians are looking to reduce high-interest debts like credit...

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BLUE SKY CRACKS A BILLION AHEAD OF TARGET

BLUE SKY CRACKS A BILLION AHEAD OF TARGET

BLUE Sky Alternative Investments Limited (ASX:BLA) has cracked the billion dollar mark for assets under management well ahead of forecast. The news comes hard on the heels of the Brisbane-based company being added to the All Ordinaries index and a solid first-half profit result, prompting Morgans to maintain its buy recommendation on the ...

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"THE DOWNTURN IS SEVERE"

"THE DOWNTURN IS SEVERE"

QUEENSLAND'S infrastructure industry is hanging in the balance, and a leading industry board believes anymore limbo will only have a sinking effect, in light of an estimated 30 to 40 per cent of workers already having left the region in the past few years.

Infrastructure Association of Queensland (IAQ) executive director Roger Black (pict...

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NEWMAN PROMISES $60 MILLION TOURISM FUND

NEWMAN PROMISES $60 MILLION TOURISM FUND

QUEENSLANDERS can expect more pirates and earthquakes under a re-elected Liberal-National government - on film, at least. Premier Campbell Newman has announced a $60 million Queensland First Tourism Fund to attract more blockbuster films like Pirates of the Caribbean 5 and San Andreas. Newman says the funds will support Screen Queensl...

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STORM CLAIMS PASS $800 MILLION

STORM CLAIMS PASS $800 MILLION

THE CATASTROPHIC weather event that ripped through Brisbane two weeks ago has accrued a damage bill of more than $800 million, reports the Insurance Council of Australia (ICA).  86,800 claims have been lodged by property and motor vehicle owners affected by the hailstorm - 22,000 for house and contents policies, 4000 for commercial p...

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GLENZEIL CREDITORS TO GET SOME PAYOUT, BUT HOW MUCH?

GLENZEIL CREDITORS TO GET SOME PAYOUT, BUT HOW MUCH?

GLENZEIL’S unsecured creditors look as though they will receive at least some payout from the company’s $10 million collapse, but there is no indication how much.

And despite company directors Ken Skrinis and Brian Gabriel lodging claims of $69,000 and $80,000 respectively in unpaid salaries, liquidator Peter Dinoris, of Vinc...

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POSTGRADUATE SUCCESS

POSTGRADUATE SUCCESS

GRADUATE Careers Australia’s latest report shows 92.4 per cent of new postgraduates were in some form of employment, after completing their degrees. The Postgraduate Destinations 2013 report gathers responses from university students across Australia, four months after graduation. The majority of those surveyed were employed ful...

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LEADING BRISBANE ACCOUNTANTS DOING A SUPER JOB

LEADING BRISBANE ACCOUNTANTS DOING A SUPER JOB

RECENT ATO figures have shown that the number of people choosing to terminate their Self-Managed Super Funds (SMSF) is steeply rising.
In response to the increase, Brisbane accounting and financial advisory firm Crowe Horwath has partnered with CareSuper to lend a hand with the burgeoning number of clients needing assistance with SMSF ...

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SALES OUTLOOK SOARS

SALES OUTLOOK SOARS

THE outlook for increased sales has hit an 11-year high, suggesting business confidence is well in check.

Dun & Bradstreet’s monthly Business Expectations Survey has reported the sales index as standing at 36.6 points, a leap above its10-year average of 13.06 points.

Of 400 business executives surveyed, 46 per cent said they expe...

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TOP 12 ONLINE LINKS FOR START-UPS

TOP 12 ONLINE LINKS FOR START-UPS

QUEENSLAND is home to more than 410,000 small businesses and these are at the core of every industry sector. They are found in every community in every region, represent 96 per cent of businesses across the state, and employ 50 per cent of all private sector workers. Small businesses – defined as businesses with less than 20 emp...

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NO PIN, NO PAY

NO PIN, NO PAY

PIN officially becomes the main form of card payment authorisation today, with the Australian Retailers Association reminding consumers of ‘no PIN, no pay’. Executive director Russell Zimmerman says people must memorise their credit and debit card PINs to avoid being stranded at the check-out. “The ARA is urging all ...

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TAX AXE MEANS MONEY

TAX AXE MEANS MONEY

THE AXING of the carbon tax not only means lower electricity bills, but also a one-off refund for Brisbane ratepayers.

The average family will save about $170 a year off their household electricity bill due to the abolishment of the tax.

The $36 refund will return the estimated cost of the scrapped carbon tax from council’s 20...

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BUSINESSES TO GROW ON CREDIT

BUSINESSES TO GROW ON CREDIT

MORE businesses intend to borrow credit over the next quarter, a sign of business confidence according to the Dun & Bradstreet National Business Expectations Survey released today.

As the sun rises for the new financial year, businesses are looking toward the future and more are setting sights on securing credit to grow during the third q...

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FLEXIBLE REPAYMENTS ARE IN BUSINESSES BEST INTEREST

FLEXIBLE REPAYMENTS ARE IN BUSINESSES BEST INTEREST

BUSINESS loans that offer flexible repayment options are in demand from small businesses.

Flexibility provides added security that suppliers and wages will still be paid when cash flow gets tight and that businesses can expand by using extra funds to tender for new jobs.

Businesses also have the ability to negotiate better terms and discou...

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BUDGET CONCERNS FOR RETAIL INDUSTRY

BUDGET CONCERNS FOR RETAIL INDUSTRY

TAX increases in the Federal Budget could adversely impact consumer spending in the retail industry, according to the Australian Retailers Association (ARA). Executive director Russell Zimmerman (pictured) says the ARA supports the government’s plan to control expenditure, but is concerned some aspects may impair consumer confidence &n...

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