Ecofibre, the Aussie hemp giant pushing a $1 billion market cap

Ecofibre, the Aussie hemp giant pushing a $1 billion market cap

With a share price that has doubled since listing on the ASX in March, great expectations have surrounded Australian hemp company Ecofibre (ASX: EOF) ahead of its results announcement today and the numbers are unlikely to disappoint. Ecofibre's revenue for FY19 was up 519 per cent at $35.6 million while net profit after tax jumped 170...

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Village Roadshow part-owned US cinema chain facing possible bankruptcy

Village Roadshow part-owned US cinema chain facing possible bankruptcy

A US cinema chain that is 24.5 per cent owned by Village Roadshow (ASX: VRL) is potentially facing bankruptcy. The American cinema chain iPic Entertainment, announced on Friday US time that it would be unable to repay a $10.1 million interest payment to the Employees Retirement System of Alabama (ERSA) and the Teachers Retirement Sys...

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Aussie cannabis companies find footholds in the UK

Aussie cannabis companies find footholds in the UK

Two major cannabis companies Bod Australia (ASX: BDA) and Elixinol (ASX: EXL) have announced partnerships establishing relationships in the United Kingdom. With a growing medicinal cannabis market estimated to be worth $14 billion by 2028, the UK is fast becoming an essential market for expanding companies. Bod has signed an agreement...

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How to evaluate your accident or injury case

How to evaluate your accident or injury case

One of the first questions asked of accident and injury compensation lawyers is "what is the value of my claim?".  It is a fair question, and one that should be answered at the beginning of any compensation claim process. However, every case is different and there are a lot of variables to evaluate in an accident or inj...

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Why an Australian building industry downturn is inevitable

Why an Australian building industry downturn is inevitable

According to BIS Oxford Economics a downturn in Australia's residential building industry is "already baked in". But fear not, it is only expected to last for about a year, and things will start looking up from mid-2020. While the dip in the building market is on its way, the market analyst and economic forecaster says t...

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ACCC: Facebook and Google's power distorts companies' ability to compete

ACCC: Facebook and Google's power distorts companies' ability to compete

The long-awaited Australian Competition and Consumer Commission (ACCC) report into the out-of-control growth and dominance of digital platforms has been released today, with the watchdog critical of giants Facebook and Google. The overarching theme of the report can be distilled into the ACCC not trusting the platforms to self-regulate, w...

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FNZ lifts bid by 10%, GBST still not keen

FNZ lifts bid by 10%, GBST still not keen

Update: This afternoon GBST entered a trading halt pending an announcement, with shares set to recommence trading by July 30. When Wellington-based FNZ Custodians tried to acquire Brisbane fintech GBST (ASX: GBT) earlier this month, it outbid its US opponent in the final hour by five cents. The success of M&A activity is about mor...

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Janine Allis stands with board ahead of possible Retail Zoo IPO

Janine Allis stands with board ahead of possible Retail Zoo IPO

Rumours of a potential ASX listing of franchise group Retail Zoo are swirling as of late. The company, which operates Janine Allis' extremely successful Boost and a swathe of other brands, is exploring a range of options to keep growth on an upward trajectory. The group - also responsible for Betty's Burgers, Cibo Espress...

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The five questions to ask before buying a company car

The five questions to ask before buying a company car

Whether you're a start-up or a mature company, you may wonder if buying a car or vehicle for your business is the right decision. According to the Australian Bureau of Statistics there are over 3.8 million commercial vehicles (trucks, buses, and other light commercial vehicles) on the books in Australia. That's a lot of choice. ...

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ASIC to launch proceedings against ANZ

ASIC to launch proceedings against ANZ

ANZ is set to face civil penalty proceedings over fees charged to customers who failed to make scheduled payments between accounts. The issue was part of an ultimately unsuccessful class action brought by law firm Maurice Blackburn, but in December 2018 there was a settlement of $1.5 million for certain fees. The settlement is still s...

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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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The 4DX method: a productivity model that works

The 4DX method: a productivity model that works

Without execution even the most brilliant strategy is nothing more than a fumbled plan. So how do you execute on your most important strategic priorities? The 4 Disciplines of Execution (4DX) is a strategic system sweeping the nation, and is also the name of Chris McChesney's popular workshop and best-selling book (co-authored by ...

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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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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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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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Challenger bank Archa avoids dirty word for Gens Y & Z

Challenger bank Archa avoids dirty word for Gens Y & Z

The founder of Australian challenger bank Archa has his sights set on launching the company's first products to customers next quarter, but the plan is to "avoid the word bank wherever possible". Speaking on a blockchain, AI and robotics panel at Gold Coast Business Week, Archa founder and CEO Oliver Kidd discussed a busines...

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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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A Perfect Stay goes boutique in Melbourne

A Perfect Stay goes boutique in Melbourne

Since 2004 husband and wife founders of A Perfect Stay, Sonya and Garth Brien, have operated in Byron Bay and South East Queensland. But their ambitions are bold and the team have looked south for expansion. The duo have acquired Melbourne-based Boutique Stays, adding 65 properties to A Perfect Stay's existing network, bringing its to...

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Charter Hall buys Telstra HQ for $830 million

Charter Hall buys Telstra HQ for $830 million

The global headquarters of telco Telstra (ASX: TLS) in Melbourne has been sold for $830 million to property group Charter Hall (ASX: CHC). The building was purchased off market by a partnership involving Charter Hall, the Charter Hall Prime Office Fund (CPOF) and the Public Sector Investment Board. Telstra's global HQ stands at 24...

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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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