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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How an Australian fashion startup became a viral sensation

How an Australian fashion startup became a viral sensation

Success sometimes comes from the strangest places. In fashion,most of the time it isn't what's being worn but who wears it. And when a brilliant garment and a fiery personality collide, that's when sparks fly for fashion startups. No one knows this better than the two founders of Bianca and Bridgett - Bianca and Bridgett R...

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Thorney takes a slice of Catalano's Australian Community Media

Thorney takes a slice of Catalano's Australian Community Media

Alex Waislitz (pictured) has grabbed a slice of Antony Catalano's regional media group via his listed company Thorney Opportunities (ASX: TOP). Thorney partnered with the former Domain boss on the $115 million acquisition of the Australian Community Media (ACM) group from Nine Entertainment (ASX: NEC). TOP has taken a 25 per cent ...

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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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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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Frank Costa retires from the Costa Board

Frank Costa retires from the Costa Board

After a lifetime of building Costa Group (ASX: CGC) into the company it is today Frank Costa is stepping down from his position as a non-executive director. He will continue to retain his involvement with the company as an advisor to the board, whilst the Costa family still holds a significant share of the company.  The produce b...

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Removify was Nick Bell's startup itch that needed to be scratched

Removify was Nick Bell's startup itch that needed to be scratched

Removify is helping businesses remove unwanted and fake online reviews and content with a 'no win, no fee' business model. Nick Bell (pictured) could easily have been forgiven for taking a break from the business world following his $39 million sale of WME Group to Melbourne IT (ASX:MLB) in 2017. But Bell couldn't kee...

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Former Sirtex CEO pleads guilty to insider trading

Former Sirtex CEO pleads guilty to insider trading

The former CEO and director of biotech company Sirtex Medical, Gilman Edwin Wong (pictured), has pleaded guilty to one charge of insider trading. Wong was committed to the Sydney District Court for sentencing on a date to be fixed. The charge of insider trading relates to Wong's sale of 74,698 shares on 26 October 2016 while in po...

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New player enters bidding war for GBST

New player enters bidding war for GBST

What started as a $2.50 takeover bid from Bravura Solutions (ASX: BVS) in April has turned into a scrum as several suitors seek to get their hands on Brisbane-based fintech GBST (ASX: GBT). The company's shares went into a trading halt on Monday afternoon after SS&C Technologies Inc (Nasdaq: SSNC) lifted the stakes to $3...

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Australian Unity Office Fund receives improved takeover offer

Australian Unity Office Fund receives improved takeover offer

A consortium of two major Sydney-based property companies has put some icing on the cake in its bid for Australian Unity Office Fund (ASX: AOF), a holder of nine metropolitan and CBD office properties with a market cap of close to $487 million. On 4 June, a group associated with Abacus Property Group (ASX: ABP) and Charter Hall Group...

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Receivers called in for property group Steller

Receivers called in for property group Steller

A high-profile Melbourne property developer that once had a $4.2 billion pipeline of projects has been called into receivership, with assets likely to be divested for offshore investors to recoup funds. McGrathNicol Restructuring announced today three of its partners had been appointed as receivers for Development Steller Pty Ltd, a ...

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Founders take on new roles at Afterpay

Founders take on new roles at Afterpay

Buy-now pay-later fintech Afterpay Touch Group (ASX: APT) has announced an executive reshuffle as part of a plan to make the board more independent. Amidst scrutiny from AUSTRAC and concerns over a competitive threat from Visa in the buy-now pay-later (BNPL) space, the company is seeking an independent chair with a global search abou...

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Could medicinal cannabis curb the opioid crisis?

Could medicinal cannabis curb the opioid crisis?

One of Australia's leading cannabis companies Zelda Therapeutics (ASX: ZLD) has been given the greenlight to commence an opioid reduction trial. The trial at St Vincent's Hospital in Melbourne will see Zelda assess the effectiveness of medicinal cannabis in reducing opioid dependence in patients with chronic non-cancer pain. T...

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Dimmi founder launches new 'smart menu' app me&u

Dimmi founder launches new 'smart menu' app me&u

After a 12-month sabbatical following the sale of restaurant booking app Dimmi, Stevan Premutico (pictured) is back with another piece of hospitality-tech sure to make waves in the industry. Called 'me&u', the app allows restaurant-goers to order and pay for food seamlessly at the restaurant. Customers simply need to ...

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Macquarie axes gambling, ups the ante on overseas spend

Macquarie axes gambling, ups the ante on overseas spend

In a move lauded by the Alliance for Gambling Reform, Macquarie Group (ASX: MQG) has announced that from today its credit cards can no longer be used in gambling transactions. Macquarie will block all credit card transactions that are registered under a gambling and lottery merchant code. The bank says it aims to "support the financi...

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US suitor outbids Bravura in tilt at GBST

US suitor outbids Bravura in tilt at GBST

Update: This afternoon GBST announced a pause in trading pending an announcement, which was followed by a trading halt that will be in place until the announcement is made or the start of trading on 3 July.  After several months receiving takeover offers from Bravura Solutions (ASX: BVS), Brisbane-based fintech GBST (ASX: GBT) h...

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Australia's top 20 cannabis companies

Australia's top 20 cannabis companies

With a stock market that is open to international investors and a rapid domestic take-up on cannabinoid-based medicines, Australia has become an unlikely hub for the booming global cannabis industry. According to a report from unlisted company Cannvalate, which incidentally has tie-ups with several groups on this list, Australia has the f...

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Domino's rejects underpayment claims

Domino's rejects underpayment claims

Domino's Pizza (ASX: DMP) denies it misled franchisees over employee payment terms and has reiterated plans to defend a class action launched by Phi Finney McDonald. Earlier this week it was revealed the law firm had started the action alleging Domino's underpaid delivery drivers and in-store workers between June 2013 an...

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How to profit and be responsible: Exclusive Q&A with Andrew Banks and Nicholas Bernhardt

How to profit and be responsible: Exclusive Q&A with Andrew Banks and Nicholas Bernhardt

Andrew Banks and Nicholas Bernhardt believe that when running a business, profit and corporate responsibility aren't mutually exclusive. Granted, it is becoming harder for companies to ensure their supply chains aren't buying into an ethical nightmare, particularly given the mountains of fast-inflowing data related to overseas sup...

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Afterpay founders vow to stand by the company amid AUSTRAC audit

Afterpay founders vow to stand by the company amid AUSTRAC audit

The founders of buy-now pay-later fintech Afterpay Touch Group (ASX: APT) have voiced their commitment to the business, vowing to hold onto their shares. Nick Molnar (pictured right) and Anthony Eisen (left), co-founders of the company, recently cashed out of the company to the tune of $103.5 million, just three trading days after the fin...

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Hacker given three-year jail term for insider trading

Hacker given three-year jail term for insider trading

A Melbourne man has been sentenced to three years imprisonment after hacking a financial publisher's system and engaging in insider trading. IT consultant Steven Oakes today pleaded guilty to 11 charges of insider trading, unauthorised access to data with the intention to commit a serious offence, and the alteration of electronic devi...

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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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Murray Goulburn settles one of two class actions for $42 million

Murray Goulburn settles one of two class actions for $42 million

Murray Goulburn (ASX: MGC) has settled one of its class actions, known as the Endeavour River class action, for $42 million. Slater and Gordon launched the suit on 16 August 2018, acting on behalf of aggrieved Murray Goulburn shareholders who the firm argued suffered losses at the hands of misleading and deceptive conduct. The key all...

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Kogan powers up with new energy service brand

Kogan powers up with new energy service brand

Kogan.com (ASX: KGN) has a reputation for delivering basically every service under the sun. Insurance, Internet, loans, and travel are just some of the more recent additions to the growing portfolio of brands under the Kogan umbrella. The group's latest endeavour sees the company offering power and gas services to Australians unde...

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