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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Class action to be brought against Suncorp Super

Class action to be brought against Suncorp Super

William Roberts Lawyers and Litigation Capital Management (LCM) have partnered up to bring a class action against Suncorp Group's super funds trustee. The proposed class action will be brought on behalf of members of Suncorp Super Funds to recover compensation for those whose accounts were impacted by charges used to pay conflicted re...

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Althea launches medicinal cannabis prescriber platform in the UK

Althea launches medicinal cannabis prescriber platform in the UK

Following the success of its prescriber platform in Australia, listed cannabis company Althea (ASX: AGH) has launched a similar set-up in the United Kingdom. Called Althea Concierge UK the medical education platform, first launched in Australia in September 2018, provides clinical evidence for healthcare professionals looking to prescribe...

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Thorn Group fights for survival following 676 per cent nosedive

Thorn Group fights for survival following 676 per cent nosedive

Thorn Group (ASX: TGA) has reported a statutory net loss after tax of $14.9 million for the 2019 financial year, casting doubt on whether it will exist in the foreseeable future. The loss marks a staggering 676 per cent drop from FY18 and is well below guidance issued on 1 April 2019, which foreshadowed a loss of only $8 million. The ...

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The formula that will take an ASX-listed dairy giant to the next level

The formula that will take an ASX-listed dairy giant to the next level

Listed dairy farmer Australian Dairy Nutritionals (ADN, ASX: AHF) is poised to watch its business take off. The company is on the cusp of becoming a fully fledged player in the lucrative infant formula space, pending the relocation and launch of an offshore plant it agreed to acquire last month. Due diligence has now been completed on...

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Shareholders punish Apollo for sudden profit guidance slash

Shareholders punish Apollo for sudden profit guidance slash

"Deteriorating" trading conditions are to blame for Apollo Tourism & Leisure's (ASX: ATL) slashed profit guidance. The company expects FY19 statutory NPAT to be between $14 million and $15.5 million. This is down from a healthy $17.5 million and $19.5 million that the company expected at the beginning of May, just 28...

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Oliver's on track to black after founder returns

Oliver's on track to black after founder returns

Oliver's Real Food (ASX: OLI) appears to have everything back in place following the return of its founder to the role of CEO in March. The company was in dire straits before the return of founder Jason Gunn (pictured). Shares were nosediving, profits were slashed, and the company was bleeding out cash. But it looks as if the grou...

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GetSwift shares back on deck after trading lockdown

GetSwift shares back on deck after trading lockdown

A clarification has seen GetSwift shares fall back down to earth by more than 10 per cent in afternoon trading.  Shares in GetSwift (ASX: GSW) are trading once more after the logistics group responded to ASX concerns over an undisclosed partnership with a Kuwaiti fast food company. Trading was suspended for the embattled tec...

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