Easter to sweeten cashiers in retail trading spike

Easter to sweeten cashiers in retail trading spike

Retailers from supermarkets to bottle shops to fishmongers have geared up for a flurry of activity this week as shoppers hop into stores to stock up for Easter. Australian Retailers Association (ARA) executive director Russell Zimmerman says while many stores stock their shelves with Easter products just after New Year, the majo...

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Dairy-Free Down Under dares to be different

Dairy-Free Down Under dares to be different

One of Australia's only large-scale vegan cheese and dip manufacturers is gaining traction in retail, restaurant and export channels as it cuts a slice of the rapidly-growing market for plant-based foods. Development of the Gold Coast-headquartered brand Dairy-Free Down Under started in 2015, but it wasn't until March 2018 th...

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Space tourism has potential Australia cannot ignore, experts say

Space tourism has potential Australia cannot ignore, experts say

Heading to the moon for your summer holiday might sound far-fetched, but Australian researchers and entrepreneurs want to make it happen. Our space industry here in Australia has a bright future. The Federal Government's newly created Space Agency is due to launch in Adelaide any moment now, and entrepreneurs from around the country a...

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Quinn Emanuel files class action against IOOF

Quinn Emanuel files class action against IOOF

Just under a month after announcing its intention to file a class action law suit against financial advice firm IOOF (ASX: IFL) Quinn Emanuel Urqhart & Sullivan (Quinn Emanuel) has filed the proceedings in the Supreme Court. The class action is part of the industry-wide fallout from the Royal Commission into the banking and finance se...

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ACCC takes iSelect to court over its allegedly misleading comparison tool

ACCC takes iSelect to court over its allegedly misleading comparison tool

Comparison service iSelect has wound up in court after the Australian Competition and Consumer Commission (ACCC) alleged that its energy plan comparison service was misleading. The watchdog alleges that since November 2016 iSelect has claimed consumers using its website would benefit from iSelect comparing all plans available from its par...

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Xenith gives in and backs IPH takeover offer

Xenith gives in and backs IPH takeover offer

The materialisation of a mega-firm in the world of intellectual property is one step closer this morning as Xenith IP Group (ASX: XIP) supports a takeover from Australia's largest firm. The board of Xenith has confirmed that it unanimously backs the updated IPH (AX: IPH) offer of an implied value of $2.15 per Xenith share. Under t...

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QANTM backs down on Xenith merger

QANTM backs down on Xenith merger

The battle for control of intellectual property business Xenith IP Group (ASX: XIP) has more or less come to a close now that QANTM (ASX: QIP) has backed out of the ring. After QANTM's rival in the courtship of Xenith, IPH (ASX: IPH), increased its takeover bid Xenith gave QANTM until Thursday 11 April to match the bid. But today,...

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South Melbourne childcare centre sells for $10 million

South Melbourne childcare centre sells for $10 million

A childcare centre in South Melbourne leased to Guardian Early Leaning has sold for $10.25 million. According to CBRE the sale of the centre marks the first of its kind to be sold within 1.5km of the Melbourne CBD in the last five years. Featuring 360-degree views of the city skyline the centre on Tope Street provides a passing income...

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Sidelined JV partners weigh in on Smiles Inclusive board stoush

Sidelined JV partners weigh in on Smiles Inclusive board stoush

Joint venture partners of struggling dental practice Smiles Inclusive (ASX: SIL) are hopeful the current board upheaval could pave the way for an "amicable solution" to a problem they allege has cost around $20 million in lost profit share. Australian Aged Dental Care, which trades as Australian Mobile Dental Care, was one ...

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Medicinal cannabis patient numbers "starting to spike" for Althea

Medicinal cannabis patient numbers "starting to spike" for Althea

Althea now has more staff in London than Melbourne, with expectations its expertise from Australia will bring an advantage over large competitors who have traditionally dealt with easier operating environments. As a relative newcomer to the medicinal cannabis space that only supplied to four patients 11 months ago, Melbourne-based Althea ...

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Seven offloads Yahoo7 to Verizon

Seven offloads Yahoo7 to Verizon

Seven West Media (ASX: SWM) has today completed the sale of its 50 per cent interest in Yahoo7, with American communications giant Verizon picking up the business for $21 million. Seven now fully owns and operates all of its 'direct to consumer' digital products following the divestment of its share in Yahoo7. When Seven annou...

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Loose lips sink ships, Wynn ditches $10 billion Crown takeover

Loose lips sink ships, Wynn ditches $10 billion Crown takeover

Just one day after the soft announcement of a $10 billion takeover of Crown Resorts (ASX: CWN) by Las Vegas based Wynn Resorts the latter has terminated all discussions about the transaction. The American resort chain released a short statement on Tuesday (US time) saying that the sudden and early announcement of the potential takeover pu...

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Rise of veganism is threatening Aussie meat and dairy, warns analyst

Rise of veganism is threatening Aussie meat and dairy, warns analyst

Veganism may have dominated national headlines this week for controversial reasons, but there's no denying the lifestyle choice is gaining fast momentum. So much so that the future growth of the Australian meat and dairy industry is being called into question. A report by IBISWorld claims that rising veganism is threatening demand...

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Three reasons why mastering data could be your biggest benefit

Three reasons why mastering data could be your biggest benefit

Big data is more than just a buzz-term, it's how we quantify everything these days. From website interactions, to the productivity of employees and the nitty gritty of spending, proper data use is essential to guiding a business in the right direction. According to the Harvard Business Review, 48.4 percent of the Fortune 1000 comp...

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Domino's partners with Google on Assistant support

Domino's partners with Google on Assistant support

Voice-activated tech is quickly taking over our bedrooms, living spaces, and our smart phones, so it's no wonder that fast-food companies are getting in on the action. Domino's (ASX: DMP) has announced that it has partnered with Google to allow customers to place and track orders via the Google Assistant. Customers with a Goog...

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Wynn Resorts proposes Crown takeover deal

Wynn Resorts proposes Crown takeover deal

Crown Resorts (ASX: CWN) has confirmed it is in discussions with Wynn Resorts regarding a potential takeover of Crown. The proposal from Las Vegas-based Wynn is worth around $10 billion, and would involve a 50-50 cash-scrip deal with an implied value of  $14.75 per share. The proposal is subject to due diligence and could change ...

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Napoleon Perdis saved by daigou legend Livia Wang

Napoleon Perdis saved by daigou legend Livia Wang

Australian cosmetics brand Napoleon Perdis has been given a second chance by a superfan of the company Livia Wang (pictured). Wang, a prominent personal shopper or 'daigou' legend for the Chinese market, and Henry Lee have saved Napoleon Perdis from liquidation. Creditors voted to support Wang and Lee's bid yesterday after...

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IPH lifts takeover bid: Is Xenith shifting allegiances?

IPH lifts takeover bid: Is Xenith shifting allegiances?

Shares in intellectual property company Xenith (ASX: XIP) have risen 8.85 per cent this morning after suitor IPH (ASX: IPH) increased its takeover bid for the company to an implied value of $2.15 per share. For months Xenith has stood by its proposed merger with QANTM Intellectual Property (ASX: QIP), but now it is giving the group until ...

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Inside Australian Family Lawyers' $6.5M IPO

Inside Australian Family Lawyers' $6.5M IPO

At the completion of Australian Family Lawyers' (AFL) IPO it will become the latest Australian law firm to list on the ASX. Following yesterday's extraordinary general meeting when Navigator Resources Limited (ASX: NAV) shareholders gave AFL the greenlight for a reverse takeover of the mining company. The firm is joining the l...

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Mogul steps up its game with Australia's largest Apex Legends tournament

Mogul steps up its game with Australia's largest Apex Legends tournament

ASX-Listed esports platform Mogul (ASX: ESH) is proving video games are serious business. It has only been two weeks since the tech tournament organiser signed a landmark partnership with Adelaide Crows subsidiary Legacy Esports, and now Mogul is kicking another major goal by launching its Australian Apex Open tournament. Apex Legends...

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Saudi company buys 200,000ha of Australian farmland

Saudi company buys 200,000ha of Australian farmland

The Nicoletti family in Western Australia has sold 200,000ha of farmland to the Saudi Agricultural and Livestock Investment Company (SALIC) in a deal the ABC reports to be worth around $60 million. The buyer, which is a joint stock company owned by Saudi Arabia's Public Investment Fund, received approval for the transaction last ...

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Flight Centre bets on corporate travel tech with US investment

Flight Centre bets on corporate travel tech with US investment

Brisbane-based travel agency Flight Centre (ASX: FLT) is raising its forward-thinking profile on the world stage today after securing a 25 per cent interest in US technology-driven business The Upside Travel. The investment makes Flight Centre the largest single shareholder in the Washington DC-headquartered group that was launched by Pri...

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Faceboook data from over 540 million users found exposed online

Faceboook data from over 540 million users found exposed online

Just two weeks after a data scare that left millions of users' passwords compromised Facebook has had another data breach. The UpGuard Cyber Risk Team has discovered that two third-party developed Facebook app datasets have been found exposed online. One of these, originating from Mexican media company Cultura Colectiva, contains ...

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NBN competitor Spirit Telecom buys LinkOne Group for $5.7M

NBN competitor Spirit Telecom buys LinkOne Group for $5.7M

Spirit Telecom (ASX: ST1), internet service provider and popular alternative to the NBN, has acquired LinkOne Group for $5.7 million. LinkOne is a telecom carrier across hardware platforms including fibre, copper and broadband which has a significant footprint in Melbourne, Sydney and Brisbane. Spirit's aim is to give more east co...

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30 witnesses for lengthy GetSwift trial

30 witnesses for lengthy GetSwift trial

The corporate watchdog has flagged that it intends to throw 30 witnesses at software company GetSwift in its now delayed trail. The large number of witnesses, expected to take around six weeks to get through, has compelled Federal Court judge Michael Lee to delay the trial until 2020 to allow GetSwift to prepare for the bout with the Aust...

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Retail Food Group fails to sell Donut King

Retail Food Group fails to sell Donut King

Negotiations to divest the Donut King and quick service retail (QSR) divisions of Retail Food Group (ASX: RFG) have ended without a sale for the embattled company. RFG says that a formal binding agreement could not be reached with the party interested in taking the two divisions off RFG's hands. "Our Donut King and QSR brands...

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SEEK nabs former CommBank CEO Ian Narev

SEEK nabs former CommBank CEO Ian Narev

Former Commonwealth Bank boss Ian Narev, who left Australia's biggest bank in the wake of its 2018 money laundering scandal, has joined jobs site SEEK (ASX: SEK) in the newly created role of group chief operating officer and Asia Pacific and Americas CEO. Narev will work in partnership with SEEK Group CEO and co-founder Andrew Bassat ...

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Smiles Inclusive all frowns as board decay sets in

Smiles Inclusive all frowns as board decay sets in

Opposing camps on the Smiles Inclusive (ASX: SIL) board are trying to wrench one another from their posts in a scramble for leadership of the embattled dental aggregator. Founder, major shareholder and former CEO Mike Timoney issued a press release today claiming attempts from "renegade directors" to prevent a requisition notice...

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Doubts linger as Blue Sky issues debt update

Doubts linger as Blue Sky issues debt update

Following a tumultuous 2018 and what has been a tough start to this year, Blue Sky Alternative Investments (ASX: BLA) has informed the market compliance with covenants to its US-based saviour Oaktree Capital remain in limbo. After posting a net loss after tax of $25.7 million for H1FY19 on 28 February, the Brisbane company announced its c...

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Woolies to close 30 Big W stores

Woolies to close 30 Big W stores

Australia's largest retail group Woolworths (ASX: WOW) will be shutting down one in every six of its Big W stores over the next three years along with two distribution centres (DC), following a review of the division's outlook amidst challenges from online shopping.  Big W recorded 6 per cent comparable sales growth in the th...

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