Pippa Hallas' decade of bold moves as CEO of Ella Bache

Pippa Hallas' decade of bold moves as CEO of Ella Bache

In the ten years that Pippa Hallas has been CEO of Ella Baché she has steered the iconic company through uncharted waters. While newer brands have had the advantage of youth to see them survive and thrive the beginnings of social media, the 83-year-old skincare company has had to make a complete overhaul. When Hallas took over ...

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Dulux posts first results since major Nippon takeover announcement

Dulux posts first results since major Nippon takeover announcement

Profits have dipped slightly at DuluxGroup (ASX: DLX) in 1H19, however its outlook on the full year remains rosy ahead of its likely takeover by Japanese giant Nippon Paint. Dulux posted a net profit after tax (NPAT) of $68.2 million, down 4.1 per cent on the FY18 result of $71.1 million which was positively adjusted to account for the on...

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Nexba uncaps new record for non-tech Aussie crowdfunding

Nexba uncaps new record for non-tech Aussie crowdfunding

The founders of a naturally sugar-free drink company are figuratively fizzing with excitement after raising $6 million in a Series A Round through crowdfunding platform VentureCrowd. The milestone from Sydney-headquartered Nexba represents Australia's largest non-tech crowdfunding raise to date. Gross revenues for the group rose 1...

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Weaker market shifts guidance down a gear for AHG

Weaker market shifts guidance down a gear for AHG

Automotive Holdings Group (ASX: AHG) may see its profits fall 11 per cent on previous guidance due to issues with its retail and refrigerated logistics arms. The company, which is in the midst of a takeover bid from competitor AP Eagers (ASX: APE), today downgraded its net profit after tax (NPAT) forecast for FY19 down from $52-56 million...

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IPO pushed back for Australian Family Lawyers

IPO pushed back for Australian Family Lawyers

Offers for a backdoor listing of Melbourne-headquartered Australian Family Lawyers (AFL) have been extended by almost a month while the company undertakes discussions with the ASX. A reverse takeover of Navigator Resources (ASX: NAV) was approved by shareholders in April with expectations the IPO would raise $6.5 million by the time ...

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CommBank remediation bill passes $2 billion mark

CommBank remediation bill passes $2 billion mark

Commonwealth Bank (ASX: CBA) has put aside $714 million for customer remediation provisions while its bottom line continues to be hammered by the aftershock of the Royal Commission. Australia's largest listed company announced today the measure would cut its net profit after tax (NPAT) for the third quarter by 28 per cent, even though...

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Consumer megatrends that will shape the future

Consumer megatrends that will shape the future

With the world economy changing as rapidly as it has of late it can be difficult to understand what's coming next. Becoming bogged down on the micro-level of your own business can often leave you unprepared or unaware of the bigger picture. According to Euromonitor International, who just released a study into the main 'megatr...

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Australia is slipping off the global leaderboard of startup success

Australia is slipping off the global leaderboard of startup success

In 2015, 'innovation' was the word on the tips of everyone's tongues in Canberra. Now, it barely registers as a passing thought. The turn away from Australia's once world-renowned startup ecosystem is most evident in Startup Genome's Global Startup Ecosystem Report 2019. The report tanks Sydney as the 23rd best sta...

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TPG and Vodafone to file legal action against ACCC

TPG and Vodafone to file legal action against ACCC

Following the Australian Competition and Consumer Commission's ('ACCC') decision to oppose the $15 billion merger between Vodafone (ASX: HTA) and TPG (ASX: TPM) both telcos have committed to taking on the watchdog in court. In an ASX statement late yesterday afternoon TPG says that it intends on challenging the watchdog's ...

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ACCC opposes Vodafone and TPG merger

ACCC opposes Vodafone and TPG merger

The Australian Competition and Consumer Commission ('ACCC') has announced that it will block the merger between telecommunications giants TPG Telecom (ASX: TPM) and Vodafone (ASX: HTA), saying the merger would lessen competition.  The consumer watchdog inadvertently published a statement online this afternoon stating that the...

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Home diagnosis tech prepares IPO for US expansion

Home diagnosis tech prepares IPO for US expansion

What the introduction of the thermometer was to checking fevers, a new series of Australian-developed tools could be for diagnosing infectious diseases like the flu and tuberculosis (TB). Ellume managing director and founder Dr Sean Parsons is a clinician himself and has witnessed firsthand the capacity constraints at health facilities to...

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Brazilians launch $7 billion law suit on BHP for Mariana dam collapse

Brazilians launch $7 billion law suit on BHP for Mariana dam collapse

In what could be the largest claim in UK legal history over 200,000 Brazilians have launched a class action law suit against Australian mining group BHP Billiton (ASX: BHP). The law suit claims that the mining group 'knew of the risks' surrounding the deteriorating condition of a Brazilian dam in the years before its deadly collap...

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Carly vehicle subscription service launches in Melbourne

Carly vehicle subscription service launches in Melbourne

Following its successful launch in Sydney at the end of March as Australia's answer to Netflix for cars, Carly has launched in Melbourne. Carly is described as an alternative to buying or leasing a car, and instead has its users pay a monthly subscription fee to access a huge fleet of vehicles. From today, Melbourne's Carly su...

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InStyle Solar goes national with Costco partnership

InStyle Solar goes national with Costco partnership

One of Queensland's largest solar retailers and installers is about to broaden its horizons following an Australian-first solar deal. Big-box US retailer Costco has signed a deal with InStyle Solar that will see InStyle's products available to purchase via a kiosk in-store. While the initial plan is to have the kiosks installe...

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MGC Pharma sends first medical cannabis solution to the UK

MGC Pharma sends first medical cannabis solution to the UK

MGC Pharma (ASX: MXC) is one step closer to making its mark on the recently legalised medicinal cannabis market in Great Britain, with the announcement today the first shipment of its CannEpil solution has landed in the UK. The milestone follows an exclusive distribution agreement reached with Grow Biotech and IPS Specials, leaders in the...

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Your Money channel to shut down

Your Money channel to shut down

News channel Your Money will cease broadcasting in 10 days' time after joint venture partners found its revenue model was more difficult than envisioned and failed to meet expectations. The decision comes after just seven months of air time for the joint venture between Nine Entertainment (ASX: NEC) and News Corp (ASX: NWS) subsi...

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Retail Food Group backflips on use-by date extensions

Retail Food Group backflips on use-by date extensions

Following an exposé by The Sydney Morning Herald the parent company behind Michel's Patisserie has backflipped on its internal decision to extend use-by dates on food products. As reported by The SMH Retail Food Group (ASX: RFG) instructed Michel's franchisees to ignore expiry dates on packaging and adopt new shelf-life dat...

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Financial impact of LandMark White cyber attack revealed

Financial impact of LandMark White cyber attack revealed

The data beach of listed property valuation group LandMark White has hurt the company's revenue by up to $7 million. The company has revealed today the full extent of the breach on the group's bottom line, plus the significant cost of making sure this type of cyber-attack does not happen again. The company says the breach, whi...

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Westpac first half profit down $1 billion

Westpac first half profit down $1 billion

Westpac (ASX: WBC) has seen its profits dive in 1H19 thanks to major remediation and restructuring items. At the end of the half the group recorded a net profit of $3.2 billion, down 24 per cent on 1H18, with earnings down 22 per cent to $3.3 billion. The group says profits were hit by provisions for estimated customer refunds, repaym...

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Bubs to launch Australia's first grass-fed infant milk formula

Bubs to launch Australia's first grass-fed infant milk formula

Infant formula producer Bubs Australia (ASX: BUB) has announced its latest product offering, and it's a national first. The company will produce Australia's first certified organic grass-fed infant formula in conjunction with Fonterra Australia. Fonterra will supply Bubs with organic milk powder, sourced from New Zealand, and ...

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Taxi drivers take on Uber in large scale class action

Taxi drivers take on Uber in large scale class action

It might be the biggest class action Australia has ever seen as Maurice Blackburn gears up to take on ride-sharing giant Uber. The law firm is acting on behalf of thousands of taxi, hire car, charger vehicle, and limousine drivers across the country to "hold Uber accountable for destroying their livelihoods". The case has be...

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How to protect your business from the threat of e-fraud

How to protect your business from the threat of e-fraud

Cash flow is the life blood of any business, but managing it can be difficult. According to Westpac and Deloitte, small businesses in Australia are spending up to one working day every week chasing invoices that's a lot of time. During that tunnel-vision slog, where business owners become buried headfirst in processes and manageme...

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Keybridge ditches takeover of underperforming Yowie

Keybridge ditches takeover of underperforming Yowie

Keybridge (ASX:KBC) has decided to not proceed with its proposed takeover of confectionary company Yowie (ASX:YOW). The company says that after considering Yowie's quarterly cashflow report, which Keybridge described as "disappointing", it will not pursue the takeover. Yowie reported a significant operating loss, a nearl...

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Acquisitions give Darrell Lea owners chunk of $1B healthy snack market

Acquisitions give Darrell Lea owners chunk of $1B healthy snack market

The owners of iconic Australian confectionery company Darrell Lea are capitalising on trends towards more frequent and healthier snacking, through the acquisition of eight brands in the growing market segment. RiteBite Group, an entity recently formed by Darrell Lea's Sydney-headquartered owner Quadrant Private Equity, last month purc...

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Australian businesses lose $7.2 million from email scams in 2018

Australian businesses lose $7.2 million from email scams in 2018

Email scams hit Australian businesses more than 5800 times in 2018, with losses exceeding $7.2 million according to the Australian Competition and Consumer Commission ('ACCC'). The ACCC's Targeting Scams report details how sophisticated email scams hit Australian businesses at a 53 per cent increase compared to 2017. This ...

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Melbourne tech startup A Cloud Guru raises $46M

Melbourne tech startup A Cloud Guru raises $46M

A fast-growing enterprise technology company specialising in online cloud computer training has completed one of the biggest funding rounds in Australia to date in 2019, with backing from domestic and US investors. A Cloud Guru (ACG) has successfully closed a growth equity investment of USD$33 million (AUD$46.8 million), led by US-ba...

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Antony Catalano acquires Nine's regional media and printing business

Antony Catalano acquires Nine's regional media and printing business

Antony Catalano, the former CEO of Domain, has acquired Nine's (ASX: NEC) Australian Community Media ('ACM') and printing business for $115 million. The cash proceeds of the sale are expected to be around $115 million, subject to post completion adjustments of which $10 million will be paid in 12 months. Nine expects to use th...

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Slater & Gordon files class action against Vocus

Slater & Gordon files class action against Vocus

Disgruntled shareholders in Vocus Group (ASX: VOC) are taking legal action against the Australian telecommunications company over its FY17 earnings falling well short of guidance by around $64 million. Vocus today announced it had been served with a class action proceeding filed by Slater & Gordon (ASX: SGH) i...

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Zip Co revenue soars as new partners come on-line

Zip Co revenue soars as new partners come on-line

Shares in BNPL (buy now pay later) company Zip Co (ASX: Z1P) have surged higher today after the Sydney-based group reported a 20 per cent lift in revenue for the third quarter. Sentiment is also strong for the market darling with new partners like Chemist Warehouse, General Pants and Lorna Jane joining the platform, and the official ...

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Australia the world's fastest-growing medicinal cannabis market

Australia the world's fastest-growing medicinal cannabis market

A leading supplier of medicinal cannabis increased its Australian patient numbers by 27 per cent over a three-week period in April, representing 10 new patients every business day. In an interview with Business News Australia earlier this month, Althea Group (ASX: AGH) managing director and founder Josh Fegan said patient numbers were &qu...

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