CBD property market demand spiking nationally

CBD property market demand spiking nationally

Following this year's Federal election, demand for CBD office space of all types has spiked across the country. According to Colliers International's latest research demand for office space increased 8 per cent nationally fromQ1 2019 to Q2 2019. Demand has increased for most markets around Australia except for Adelaide and Mel...

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TPG and HUB24 slammed for all male company boards

TPG and HUB24 slammed for all male company boards

The Australian Institute of Company Directors (AICD) have slammed four major Australian companies for having no women on their boards. HUB24, NRW Holdings, Emeco Holdings, and TPG Telecom have all been called out by the AICD for having no women on their boards as of 30 June 2019. Additionally, the AICD has revealed that gender diversi...

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Why an All Ords Index of 7,000 is a Real Possibility

Why an All Ords Index of 7,000 is a Real Possibility

What a rollercoaster ride the Australian share market has been on over the past 12 months! With the All Ords peaking in August 2018 following a positive month on both Wall Street and the ASX, investors were suddenly spooked by the political turmoil in Canberra, and the All Ords lost $30 billion in one week to 23rd August. Poor sessions on...

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APRA slams Macquarie, Rabobank and HSBC over funding standards

APRA slams Macquarie, Rabobank and HSBC over funding standards

The Australian Prudential Regulation Authority (APRA) has found the intra-group funding practices of three major banking institutions could undermine their stability in times of crisis. Following a review of funding agreements across the authorised deposit-taking (ADI) industry, APRA has called out Macquarie Bank (ASX: MQG)...

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Kogan strategy pays off with strong result

Kogan strategy pays off with strong result

"In contrast to what has been reported as a tough retail environment, we have been able to grow the business and earnings while investing significantly in the Kogan.com customer experience and enabling our long term strategy," says founder Ruslan Kogan.  Online shopping behemoth Kogan.com (ASX: KGN) saw its shares rise 5 pe...

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M&As a hotbed for hackers and cybercriminals

M&As a hotbed for hackers and cybercriminals

With breaches of cybersecurity now one of the most looming threats for the sustainability of most Australian businesses, many are wondering how best to protect their operations. Simple things like regularly changing passwords and ensuring absolutely everybody changes them can go a mile towards strong cybersecurity Just see the case o...

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Centuria acquires Adelaide CBD property for $127 million

Centuria acquires Adelaide CBD property for $127 million

Centuria's (ASX: CNI) property fund has acquired an Adelaide CBD office building for $127 million. The property, located on 80 Flinders Street, is expected to generate capital for the investment manager's unlisted property fund. The fund is expected to launch in August 2019, delivering FY20 and FY21 distribution yields of 6.50...

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Futurist Chris Riddell: Is your business a rainforest or a banana plantation?

Futurist Chris Riddell: Is your business a rainforest or a banana plantation?

The internet of things (IoT) and augmented intelligence are set to overhaul the way we live, but in this new and sometimes scary world it is the startups that will have the edge. Futurist Chris Riddell made this assertion during a presentation recently at Gold Coast Business Week, highlighting the companies with the best chance of success...

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Wattle Health launches legal action against Indian importer

Wattle Health launches legal action against Indian importer

Organic infant food producer Wattle Health (ASX: WHA) has initiated legal action against an Indian importer for money owed. Wattle Health alleges baby food importer Vasudevan and Sons Exim Private (VSEP) has not provided the full bank guarantee to Wattle Health as required under a supply agreement. The pair entered into a supply agree...

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Could ASIC bring an end to insurance telemarketing?

Could ASIC bring an end to insurance telemarketing?

We all know the drill. You sit down to a nice dinner, wine in hand, ready to relax and then the phone rings. But who might be on the other end? Somebody trying to flog life insurance, of course. It's a moment we all loathe, but if ASIC gets its way that moment may end up becoming a thing of the past. The corporate watchdog is ...

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Wyndham to build new boutique hotel in Adelaide

Wyndham to build new boutique hotel in Adelaide

Wyndham Hotels & Resorts has selected Adelaide as the location for a new TRYP by Wyndham hotel. The TRYP brand of Wyndham hotels sees the accommodation giant exploring the local vibe of a city and reflecting it in the design and fit out of each specific hotel. These branded hotels can be found in Barcelona, Madrid, New York City, ...

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Everyone's a winner baby: domestic Australian tourism alive and kicking

Everyone's a winner baby: domestic Australian tourism alive and kicking

Every state has something to smile about as the results from Tourism Research Australia's (TRA) annual domestic visitor data rolls in. In the year ending March 2019 domestic tourists spent $74.5 billion, up 14 per cent from the same time a year ago. Domestic tourists took 109 million trips and spent 386 million nights interstate, ...

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Aged care provider Estia Health taken to Federal Court in class action

Aged care provider Estia Health taken to Federal Court in class action

Aged care community operator Estia Health (ASX: EHE) has been served with a class action in the Federal Court of Australia. Law firm Phi Finney McDonald is acting on behalf of aggrieved shareholders, arguing Estia breached its continuous market disclosure obligations regarding the financial impact of its Kennedy Health Care (KHC) buyout. ...

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Sunsuper to support local businesses with up to $15,000 in grants

Sunsuper to support local businesses with up to $15,000 in grants

Sunsuper's Dreams for a Better World program is giving Australian small businesses the chance to win up to $15,000 to help make a positive impact in their community. Sunsuper is looking for businesses with up to 200 employees to apply for a business grant before Friday, 2 August 2019. Sunsuper CEO, Scott Hartley says the small bus...

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Australian venture capital smashes records in FY19

Australian venture capital smashes records in FY19

Australia's venture capital investments would have passed the $2 billion mark had Judo Bank's $400 million plus raising crossed the line on time. A recent report from KPMG shows venture capital investment in Australian startups is alive and well with US$1.23 billion (AUD$1.75 billion) raised in FY19. Amanda Price, KPMG Austral...

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Elders to acquire 340-store rural chain for $157 million

Elders to acquire 340-store rural chain for $157 million

In a move to grow its independent retail presence, agribusiness giant Elders (ASX: ELD) has entered an agreement to buy Australian Independent Rural Retailers (AIRR). Elders will buy AIRR for a cash-scrip consideration of $10.85 per share, valuing the rural merchandise, pet and produce chain at $157 million on an equity basis. AIRR...

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Myriota the first locals to sign with the Australian Space Agency

Myriota the first locals to sign with the Australian Space Agency

Space and technology startup Myriota is the first Australian company to sign with the Australian Space Agency (ASA) as a strategic partner. The Adelaide-based company, residing in the new Lot Fourteen startup precinct, is the first Australian startup to partner with ASA, joining international giants like Boeing who signed an agreement wit...

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AMP Life sale shot down by NZ Reserve Bank

AMP Life sale shot down by NZ Reserve Bank

It was expected to be a potential $3.3 billion cash injection, but now AMP's wealth protection and mature businesses portfolio is looking more like a dead weight. The financial services provider announced the intended sale of AMP Life to New Zealand-based Resolution Life is "highly unlikely to proceed" as planned, due to cha...

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Hold your horses: recovery for Australia's residential property market a while off

Hold your horses: recovery for Australia's residential property market a while off

It might seem like Australia's residential market downturn is never ending. And while we appear to be nearing the bottom of the market, experts don't want you to get your hopes up. According to BIS Oxford Economics meaningful recovery for Australia's residential property market remains a while off. While there are signs of...

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Whispir teams up with Amazon Web Services

Whispir teams up with Amazon Web Services

ASX newcomer Whispir (ASX:WSP) has boosted its cloud communications toolkit thanks to a partnership with Amazon Web Services (AWS). The tie-up is expected to help customers of both companies respond more effectively to crises, email responses, website clicks and form submissions without the need to write code. The Melbourne-founded so...

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Treat your top clients to Christmas in July-style luxury

Treat your top clients to Christmas in July-style luxury

Christmas is a twice-yearly event at The Hamper Emporium and your valued clients and staff can rejoice in the specialty gift-giving gourmet pleasures to treasure. Show your business associates and dedicated employees that they are worth their weight in gold when you indulge them in the winter-warming abundance of luxurious Christmas in Ju...

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ASIC slams banks for "extremely poor" consumer credit insurance

ASIC slams banks for "extremely poor" consumer credit insurance

Australia's major banks have come under fire from the Australian Securities and Investment Commission (ASIC) for the sale of consumer credit insurance (CCI) that has "consistently failed consumers". In its latest report on CCI, Report #622, ASIC says that CCI products sold by 11 of Australia's major banks are of poor val...

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Michael Hill announces bumper backpay for employees

Michael Hill announces bumper backpay for employees

Jewellery retailer Michael Hill (ASX: MHJ) has announced that it owes employees between $10 million and $25 million in remediation payments. The group discovered this remuneration discrepancy when conducting a review into its Australian retail employment contracts and rostering practices. The company says it was non-compliant with som...

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Nimble pulls out of payday lending while ASIC clamps down

Nimble pulls out of payday lending while ASIC clamps down

Fintech Nimble will exit its high interest, short-term loans business this year at a time when the sector is under heightened scrutiny from the corporate watchdog. The Australian Securities and Investments Commission (ASIC) released a consultation paper yesterday revealing plans to use new product intervention powers in the short-ter...

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Dodo slammed with fine for false streaming claim

Dodo slammed with fine for false streaming claim

Internet service provider (ISP) Dodo has been hit with a $360,000 fine for overstating what its NBN service could achieve. The company, wholly owned by Vocus Group (ASX: VOC), has agreed to refund around 16,000 customers for claims that its entry-level NBN broadband plans were 'perfect for streaming'. The plans in question wer...

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Will RFG be rescued by $160m capital injection?

Will RFG be rescued by $160m capital injection?

The company responsible for franchises such as Michel's Patisserie, Gloria Jeans and Donut King may receive a tailwind to push it out of the doldrums, thanks to a Sydney-based investor backed by capital from Hong Kong's SSG Capital Management. Retail Food Group (RFG) announced yesterday it had received a non-binding proposal from ...

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Class action takes aim at NAB super fund

Class action takes aim at NAB super fund

Litigation funder IMF Betham is working with William Roberts Lawyers to bring a class action against NULIS Nominees, an MLC Super Fund trustee company owned by NAB (ASX: NAB). The class action alleges the MLC Super Fund charged excess fees to its members from 1 July 2016 onwards. It also argues the company breached obligations to act ...

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Business bank Tyro considering ASX listing

Business bank Tyro considering ASX listing

Payments and banking company Tyro told investors this morning that it is considering an ASX listing in a brief statement posted online. The company says that the listing is not a done deal, and a number of conditions must be met first. "Tyro Payments Limited today announced it is investigating the potential to move from its curre...

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McGrath Nicol executive chairman to lead Evans Dixon

McGrath Nicol executive chairman to lead Evans Dixon

Restructuring expert Peter Anderson will fill the void left at Evans Dixon (ASX: ED1) after its former CEO moved aside last month in a bid to rescue the financial advisory firm's struggling US business. Alan Dixon stepped down from the role to focus on the company's US Masters Residential Property Fund (ASX: URF), which saw i...

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GBST snubs fresh takeover bid from FNZ

GBST snubs fresh takeover bid from FNZ

Fintech GBST (ASX: GBT) has received a higher takeover bid from FNZ Custodians at a $4 million premium to a current deal in the works, but the board has questioned the New Zealand company's approach. GBST, which provides custom technology across a range of financial services, has been in the sights of a few companies since April inclu...

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