Collins Foods reports strong growth boosted by KFC

Collins Foods reports strong growth boosted by KFC

The Australian operator of KFC, Taco Bell and Sizzler has reported a strong financial year, seeing growth across the board. Announcing its FY19 results today, ahead of most listed companies as its financial year finished on 28 April 2019, Collins Foods (ASX: CKF) saw its revenue lift by 17 per cent to $901.2 million. The group reporte...

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New IOOF CEO named in sweeping board overhaul

New IOOF CEO named in sweeping board overhaul

Over six months after severe criticism from the Australian business regulator IOOF has appointed a new CEO. Renato Mota (pictured) has been appointed as CEO and managing director of the business as part of sweeping reform across the company's board. The changes to the board also involve the appointment of Andrew Bloore as an indep...

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Zip Co embroiled in trademark dispute

Zip Co embroiled in trademark dispute

Home loan provider Firstmac is taking digital finance and payments company Zip Co (ASX: Z1P) to Federal Court over a trademark dispute. Firstmac alleges that Zip Co has infringed its trademark 'ZIP' which is registered in respect of 'financial affairs', specifically home loans. Zip Co has engaged Corrs Chambers Westgar...

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Australian Family Lawyers heads north with first acquisition since listing

Australian Family Lawyers heads north with first acquisition since listing

Australian Family Lawyers (ASX: AFL) is going full throttle as a listed law firm, notching its first acquisition since listing on the ASX in early June. The company has acquired Nita Stratton Funk & Associates Solicitors, marking its foray into the Queensland legal market. AFL will pay $300,000 in cash for the Queensland firm, whi...

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Althea riding high after receiving first UK patient prescription

Althea riding high after receiving first UK patient prescription

Shares in Althea are hitting an all-time high following the announcement that it has received its first patient prescription in the United Kingdom for medicinal cannabis. But the good news doesn't stop there the company has also received a planning permit from the Frankston City Council for the group's Australian cultivation and m...

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Struggling Smiles Inclusive to raise capital to turn company around

Struggling Smiles Inclusive to raise capital to turn company around

While the dust is settling over a prolonged leadership battle at the top of listed dental company Smiles Inclusive (ASX: SIL) the company is poised to raise $1.2 million. Smiles says the funds will go towards the group's turnaround plan and meet its working capital requirements. The offer price for the placement will be $0.14 per ...

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Atlassian to fix outdated, inefficient and combative M&A process

Atlassian to fix outdated, inefficient and combative M&A process

When a big player comes knocking wanting to buy your startup it might seem too good to be true. The wad of cash being waved in your face might prove irresistible and that's understandable; you've worked for years to get to where you are right now, and you damn well deserve that payout. But big businesses know that M&A is a...

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BOQ CFO resigns as C-Suite shake-up continues

BOQ CFO resigns as C-Suite shake-up continues

Another Bank of Queensland (BOQ) executive is heading for the exits following the resignation of chairman Roger Davis and the appointment of new CEO George Frazis. The Brisbane-based bank today announced chief financial officer Matt Baxby has resigned to pursue other leadership opportunities. Like the outgoing chairman,...

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Facebook launches crypto project but obstacles abound

Facebook launches crypto project but obstacles abound

Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard, PayPal and Uber to form Libra Association, a Geneva-based entity gov...

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ANZ sacks NZ chief citing "concerns" over transactions

ANZ sacks NZ chief citing "concerns" over transactions

Australia and New Zealand Banking Group (ASX: ANZ) has announced its New Zealand business CEO David Hisco (pictured) is stepping down after an internal review of his personal expenses. The board has raised concerns about the "characterisation of certain transactions" while the decision also follows ongoing health ...

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Evans Dixon CEO steps aside to lead struggling US fund

Evans Dixon CEO steps aside to lead struggling US fund

Amidst falling profits and complaints over high fees and investment recommendations for its own in-house funds, financial advisory firm Evans Dixon (ASX: ED1) will see its CEO Alan Dixon (pictured) step aside to focus on the company's US residential property fund. Executive chairman David Evans will act as a temporary CEO while a...

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Afterpay faces AUSTRAC audit into anti-money laundering compliance

Afterpay faces AUSTRAC audit into anti-money laundering compliance

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has ordered an audit of fintech Afterpay's (ASX: APT) after identifying concerns over compliance with financial crime legislation. The announcement prompted a 12.6 per cent drop in APT shares this morning down to $22.41. The financial intelligence agency ha...

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Blue Sky settles lawsuit against former directors

Blue Sky settles lawsuit against former directors

Investment firm Blue Sky has settled a lawsuit involving the alleged illegal downloading of company data. The firm, currently in receivership, says proceedings against Blue Sky Water Partners, Pinnacle Investment Management Group, Riparian Capital Partners (RCP) and former Blue Sky employees have been resolved on confidential terms. T...

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The Star's growth dims as the financial year closes in

The Star's growth dims as the financial year closes in

Growth revenue is softening for The Star Entertainment Group (ASX: SGR) due to various challenges faced by the company. Between 1 January and 8 June 2019 domestic revenue only rose 0.3 per cent year-on-year. International VIP trends continue to fall as was the case in 1H19, with turnover down 31.1 per cent in 2H19 thus far. As a r...

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Blue Sky CEO no longer required

Blue Sky CEO no longer required

Blue Sky has announced it no longer requires a CEO and has said farewell to Joel Cann (pictured) in a rather unceremonious fashion. Blue Sky, currently in receivership since 20 May, released the news in a curt announcement to the ASX. As a result, CEO Joel Cann left Blue Sky last Friday. Cann was only in the position of CEO for just o...

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Let's get physical: Viva Leisure lists on the ASX

Let's get physical: Viva Leisure lists on the ASX

Viva Leisure (ASX: VVA) has become the first health club group to list on the ASX this morning following a heavyweight $20 million IPO. The Canberra-based company has operated in the health, fitness and aquatic centre space since 2004, and now has 33 different locations under its wing. Its portfolio of brands includes Club Lime, Hiit ...

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LandMark White suspended from trading for the second time this year

LandMark White suspended from trading for the second time this year

Listed property valuer LandMark White (ASX: LMW) has been suspended from trading on the ASX following a second data breach of company documents. This suspension is the second this year for LMW which is attempting to repair its reputation with key banking clients. Following the second data breach, which was announced at the end of June...

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Creso Pharma to be acquired for $122 million by Canadian company

Creso Pharma to be acquired for $122 million by Canadian company

Australian medicinal cannabis company Creso Pharma (ASX: CPH) has announced that it has entered an agreement to be acquired by a PharmaCielo for $122 million. PharmaCielo is a cannabis group listed on Canada's TSX Venture Exchange, with a market capitalisation of $675 million. The Canadian company is the parent of the largest cann...

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BOQ names George Frazis as new CEO

BOQ names George Frazis as new CEO

The Bank of Queensland (ASX: BOQ) has appointed former Westpac executive George Frazis as its new CEO. Frazis is the successor of Jon Sutton who resigned from the position in December 2018 to focus on his long-term health following a triple heart bypass. The new CEO of BOQ comes with an impressive resume and 17 years of experience in ...

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ASIC charges former Octaviar CFO with fraud

ASIC charges former Octaviar CFO with fraud

Just two years after he was banned from managing a corporation and ordered to pay $205 million to aggrieved shareholders in a failed fund, former Octaviar CFO David Anderson has been charged with 26 counts of fraud. As a publicly listed company with interests in the financial services, travel, leisure and childcare sectors, Gold Coas...

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