Hemp licences granted to Murray River Organics and Althea

Hemp licences granted to Murray River Organics and Althea

Two ASX-listed companies have received regulatory breakthroughs today after receiving hemp cultivation licences by Agriculture Victoria. Shares in Murray River Organics (ASX: MRG) and Althea (ASX: AGH) rose by around 6.4 per cent and 10.2 per cent respectively in early trading. The licence, formally known as an 'Authorit...

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Swedish suitor loses interest in Vocus

Swedish suitor loses interest in Vocus

Shares in internet service provider Vocus (ASX: VOC) fell almost 15 per cent at market opening this morning after Swedish company EQT decided to scrap its $3.3 billion takeover offer for the company. On 27 May EQT made a non-binding bid at $5.25 for the Melbourne-based group which owns the iPrimus and Dodo brands, representing a 35 per ce...

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Ousted Smiles Inclusive founder escalates vote tampering claims

Ousted Smiles Inclusive founder escalates vote tampering claims

The founder of Smiles Inclusive (ASX: SIL) has made it clear he will not go quietly, with continued allegations there were voting irregularities at the EGM where he and former chairman David Herlihy were removed from the board.  Last week the embattled Gold Coast-based dental company, whose shares have fallen 85 per cent since O...

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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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Mirvac splashes $333.5M on QVM apartments

Mirvac splashes $333.5M on QVM apartments

Property group Mirvac (ASX: MGR) is making strides in the build-to-rent apartment space after entering an agreement with developer PDG to acquire 490 completed units in the Munro development at Melbourne's Queen Victoria Market (QVM). The move will cost Mirvac $333.5 million, with the agreement subject to conditions such as&...

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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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People Infrastructure buys Halcyon Knights for $13.5M

People Infrastructure buys Halcyon Knights for $13.5M

Brisbane-based workforce management tech company People Infrastructure (ASX: PPE) remains on the expansion path after announcing a $13.5 million acquisition of Halcyon Knights. The incorporation of the IT recruitment leader, with 55 staff and operations in Melbourne, Sydney, New Zealand and Singapore, is expected to be significantly earni...

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How UKO is empowering inner-city renters with its "co-living" model

How UKO is empowering inner-city renters with its "co-living" model

Co-working spaces have transformed the way many of us work and operate. They are the spaces that underpin many great Australian entrepreneurs and startups. UKO hopes to achieve a semblance of this culture, but instead for the residential market with its unique and Australian first "co-living" buildings. Developed by serial p...

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Bettercup's anti-plastic revolution

Bettercup's anti-plastic revolution

Businesses in Sydney have this week pledged to cut down on the use of single-use plastics in the workplace. Companies like the Sydney Opera House, Atlassian, Fox Studios, and Star Entertainment Group are committing to using fewer plastic bottles, straws, cups, and utensils in an effort to save the environment. It's a move that'...

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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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Maurice Blackburn launches class action against AMP

Maurice Blackburn launches class action against AMP

The long-awaited class action against AMP is now live, with law firm Maurice Blackburn at the helm. The firm, which won the right to bring the class action against AMP last week, is seeking compensation for AMP superannuation fund members allegedly hit by "unreasonable" fees. The case arises from evidence presented at the Ro...

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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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Get creative landlords: CBD retail supply hits new high

Get creative landlords: CBD retail supply hits new high

Real estate agency CBRE says retailers must harness creativity and innovation if they are to increase their wallet share, while landlords need to recalibrate their offerings in response to changing market conditions. The company's Q1 Retail MarketView found 65,000sqm of new CBD retail supply is slated nationally in 2019, representing ...

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Medlab enters new deal to distribute cannabis spray for cancer pain

Medlab enters new deal to distribute cannabis spray for cancer pain

Australian cannabis company Medlab (ASX: MDC) has entered its second partnership in three months for distributing its cannabis-based spray NanaBis, after securing a heads of agreement with Thai pharmaceutical group Mega Lifesciences. The agreement means Mega will be able to distribute the drug in "parts of South America", a...

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Blue Sky breakaway fund wants Wilson to take the reins

Blue Sky breakaway fund wants Wilson to take the reins

After confirming its solvency and separation from its former parent company now in receivership, Blue Sky Alternatives Access Fund (ASX: BAF) is now taking steps to change its management and cut ties to the mothership once and for all. In a letter to shareholders today, BAF chairman Michael Cottier (pictured) said a proposal wou...

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Vocus receives $3.3 billion takeover offer

Vocus receives $3.3 billion takeover offer

Internet service provider Vocus (ASX: VOC) has received a non-binding $3.3 billion takeover bid from private equity firm EQT Infrastructure. The proposal would see EQT acquire all shares in Vocus for $5.25 per share, representing a significant premium to last Friday's closing price of $3.89. The Vocus board has granted the bidder ...

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Suncorp CEO resigns

Suncorp CEO resigns

Insurance and banking company Suncorp (ASX: SUN) has announced CEO and managing director Michael Cameron will be stepping down. In his four years in the role and seven years on the board, Cameron is credited with leading a significant digital transformation for Suncorp and navigating the business through a period of unprecedented regulato...

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TPG and Vodafone to fight for merger in Federal Court

TPG and Vodafone to fight for merger in Federal Court

Telecommunications companies TPG Telecom (ASX: TPG) and Vodafone Hutchison Australia are going to court over the competition watchdog's rejection of their $15 billion merger. Earlier this month the Australian Consumer and Competition Commission (ACCC) announced it would block the deal on the grounds it would lessen competition. Th...

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The Reject Shop CEO steps down as profit turns into loss

The Reject Shop CEO steps down as profit turns into loss

CEO of The Reject Shop (ASX: TRS) Ross Sudano has stepped down as the group announces another downgrade, just three months after the group downgraded an expected profit from $10.6 million to between $3.1 million and $4.1 million. Though perhaps the writing was on the wall in February when the company announced its "strong" Chris...

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ACCC takes Kogan to court for misleading ads

ACCC takes Kogan to court for misleading ads

A 10 per cent discount promotion has landed Kogan in hot water with the Australian Competition and Consumer Commission (ACCC). The consumer watchdog has taken the online retailer to the Federal Court, alleging that Kogan made false or misleading representations about a 10 per cent discount promotion. The situation in question saw the ...

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TRAVLR partners with 8common on business and leisure travel platform

TRAVLR partners with 8common on business and leisure travel platform

Listed fintech group 8common (ASX: 8CO) has tapped travel disruptors TRAVLR to assist in the development of a new business leisure platform. Called Benefits8 the employee benefits platform has been created to serve the growing business and leisure travel opportunity sector and will leverage 8common's Expense8 business unit. The Ex...

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Botanix plays the long game with cannabis skin care

Botanix plays the long game with cannabis skin care

"We're seeing the whole market move away from simply growing plants to creating products that patients and consumers can use, and I think we're at the forefront of that movement," says Botanix Pharmaceuticals CEO Matthew Callahan. Both opportunities and risks abound in the international cannabis market as countries loose...

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Brauz launches reserve in store feature with Forever New and Nike

Brauz launches reserve in store feature with Forever New and Nike

The team behind eCommerce tech startup Brauz have launched a new feature designed to drive sales in stores. The 'Reserve in Store' feature allows customers to book a time slot to try on the items they have found online in a physical retail location. Launching initially in partnership with Forever New and Retail Prodigy Group, ...

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Five steps to a touch system that grows sales

Five steps to a touch system that grows sales

Don't give up until you've touched prospects nine times.  Are you being unseen, unheard, unsold? A touch is any way you reach out and say "Hey, I'm out here" and US-based expert sales trainer Jack Daly says most salespeople and organisations quit at five or fewer touches. But, he says in his book Hyper S...

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IDT announces foray into medicinal cannabis sector

IDT announces foray into medicinal cannabis sector

A listed pharmaceuticals manufacturer, developer and researcher is the latest ASX entity to take the dive into medicinal cannabis. IDT Australia (ASX: IDT) will begin manufacturing cannabis and cannabis resin after receiving a medicinal cannabis manufacturing licence from the Office of Drug Control. The Victorian based company says it...

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EML Payments acquires UK fintech for $40.5m

EML Payments acquires UK fintech for $40.5m

EML Payments is bolting onto its growing European business with the purchase of Flex-e-Card Limited (FEC), a UK-based fintech that also operates in Ireland, Poland, Italy, Finland and the UAE. EML's European subsidiary executed a share purchase agreement on 17 May to acquire 100 per cent of FEC for £21.6 million ($40.5 million)....

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Virgin takes a $100 million nosedive

Virgin takes a $100 million nosedive

Virgin Australia (ASX: VAH) has announced an expected loss of $35.6 million at the end of FY19 this morning. The dive is expected to result from a $100 million earnings dip which the company says reflects domestic trading conditions and annual fuel and forieng exchange headwinds in excess of $160 million. This shock announcement comes...

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New LGBT influencer hub bringing authenticity back to marketing

New LGBT influencer hub bringing authenticity back to marketing

A newly launched influencer marketplace hopes to target the difficult to reach (and difficult to convince) LGBT market. Named Joocd.com ("Just Out Of Curiosity Digital"), the platform is a new home for LGBT influencers and brands that want to target the hard to market to segment. Founded by Nigel Hickey and Mark Alexander, t...

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Leaders and entrepreneurs band together to aid the homeless

Leaders and entrepreneurs band together to aid the homeless

Several of Brisbane and the Gold Coast's most inspiring business leaders will be sleeping rough for the Vinnies CEO sleepout next month to raise much needed funds that will aid the homeless. Joining the cause is ERM Power CEO Jon Stretch and Rowland CEO Geoff Rodgers, who have been named ambassadors of the event, plus Business News Au...

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Cannabis Doctors Australia launch crowdfunding campaign with big ambitions

Cannabis Doctors Australia launch crowdfunding campaign with big ambitions

The minds behind fast-moving medicinal cannabis clinic chain Cannabis Doctors Australia (CDA) have big plans for their venture, and they begin today with an Australian-first crowdfunding campaign. CDA is the first medicinal cannabis company in Australia to embark on an equity crowdfunding campaign since the method of capital raising was l...

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