Slater & Gordon in sell-off after senior lenders set free

Slater & Gordon in sell-off after senior lenders set free

Restructuring efforts from law firm Slater & Gordon (ASX: SGH) have failed to ward off a loss of $10.3 million for 1H19, as the group continues its path to recovery after a woeful foray into the UK market. The result compares to a profit of $141.2 million at the end of 2017, a figure that was only supported by a on...

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Afterpay shares dives on first half loss

Afterpay shares dives on first half loss

Just one day after Afterpay (ASX: APT) slipped through a Senate report on the buy-now pay-later (BNPL) sector without a scratch, the company is facing the rebuke of shareholders on the back of its first half results. Shares are down after the company announced it suffered an increase to its first half loss after tax of 3043 per cent to $2...

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Blackmores chief to step down

Blackmores chief to step down

The head of vitamin and supplements company Blackmores (ASX: BKL) will be stepping down after just 18 months in the role. The resignation of chief executive officer Richard Henfrey (pictured) was announced this morning, a week after the group forecast short-term impacts on profit growth due to softened conditions in China and the cos...

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Adairs puts retail concerns to bed with comfy online growth

Adairs puts retail concerns to bed with comfy online growth

Bedding retailer Adairs (ASX: ADH) improvd its online sales in the first half of 2019 and notched an uptick as a result. During the first half online sales contributed 15 per cent of Adairs' total sales, with sales via the company's online store up 42 per cent to $24.3 million. Overall sales were up 10.6 per cent to $164.4 mil...

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ASIC swoops on GetSwift with civil proceedings

ASIC swoops on GetSwift with civil proceedings

GetSwift (ASX: GSW) and its directors Bane Hunter and Joel Macdonald are once again in the firing line. The Australian Securities and Investment Commission (ASIC) has today launched civil proceedings against GetSwift in the Federal Court of Australia in Melbourne. The proceedings relate to a series of ASX announcements made by GetSwif...

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Village Roadshow legacy CEO Graham Burke to retire amid feud reports

Village Roadshow legacy CEO Graham Burke to retire amid feud reports

Graham Burke has announced that he will retire from the top job at Village Roadshow (ASX: VRL) after having spent more than 30 years as its inaugural CEO. Burke first joined Village Roadshow at age 14 as a ticket collector and floor sweeper before becoming managing director of Village Drive-In Limited at 23. When Village Roadshow list...

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Medicinal cannabis players see green with new deals

Medicinal cannabis players see green with new deals

There have been some major cannabis deals done today in the hallowed halls of the Australian Stock Exchange. The two deals are set to increase access for patients looking for medicinal cannabis and improve the quality of medicines being created in Australia. First, Althea (ASX: AGH) has signed a supply and distribution agreement with ...

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Webjet flying high on record performance

Webjet flying high on record performance

Flights and hotels comparison service Webjet (ASX: WEB) had a record first half with financial highlights up across the board. The company saw a 42 per cent increase in earnings to $58 million, a 33 per cent increase in revenue to $175.2 million, and a 61 per cent rise in NPAT to $38.3 million. The company's hotel play, WebBeds, c...

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Inside Australia's top venues offering exclusive deals on conferences, meetings and events

Inside Australia's top venues offering exclusive deals on conferences, meetings and events

Whether on Brisbane's riverside, the sunny Gold Coast or in the heart of Melbourne's bustling CBD, each of these venues has something special to offer when it comes to hosting a great conference, meeting or event. These venues are complete with state of the art facilities and the versatility to accomodate any event from an intimat...

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Lovisa overcomes drab forecast, but still warns of hardship ahead

Lovisa overcomes drab forecast, but still warns of hardship ahead

When fashion jewellery retailer Lovisa (ASX: LOV) last made headlines in October, it followed a 19.2 per cent share price plummet which former Chairman Michael Kay warned was the beginning of a downward spiral that would last throughout FY19. But today, at the release of the company's half year results, one might call out Kay's pr...

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Allensford jumps on disappointing The Reject Shop results

Allensford jumps on disappointing The Reject Shop results

Allensford is once again gunning to take over The Reject Shop (ASX: TRS) following the group's 1H19 results announcement and full year guidance. Though The Reject Shop's half year profit was in line with expectations, Allensford is hoping shareholders will jump ship now that the retailer has announced its full year guidance. P...

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ASIC the enforcer: Regulator reveals raft of investigations in the works

ASIC the enforcer: Regulator reveals raft of investigations in the works

The Australian Securities and Investments Commission (ASIC) has announced it will set up a separate Office of Enforcement as part of a new "Why not litigate?" approach in the wake of the Royal Commission. The regulatory tiger will also have sharper teeth following the recent passing of the Treasury Laws Amendment Bill 2018, allo...

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IOOF profit up 200 per cent despite Royal Commission criticism

IOOF profit up 200 per cent despite Royal Commission criticism

Despite being singled out by the final report from the Royal Commission into the banking and finance sector IOOF (ASX: IFL) has had a strong start to FY19. The financial advice and investment manager saw its statutory NPAT rise by 200 per cent in the half to $135.4 million. Underlying NPAT was also up slightly to $100.1 million. The 2...

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Catch me if you can: Aussie online shopping giant sees sales surge

Catch me if you can: Aussie online shopping giant sees sales surge

Major online shopping company Catch Group has announced a massive uptick in sales for the first half of FY19, driven by significant growth in its product range and active customer base. In an announcement of its unaudited results today, the group highlighted 62 per cent growth in gross transaction volume (GTV) to $254 million, including m...

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McGrath books $9.6m loss

McGrath books $9.6m loss

Real estate agency McGrath Group (ASX: MEA) has recorded a loss of almost $10 million for the first half of FY19 due to challenging property market conditions and one-off charges for legacy IT development costs and contracts. The advanced technology upgrade cost the Sydney-based group $6.6 million, but McGrath claims rolling it out will h...

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Inside Tammy Hembrow's Neon Collection

Inside Tammy Hembrow's Neon Collection

On Friday evening Tammy Hembrow launched her latest collection, and it's the most eye-popping one to date. The launch was held at The Pink Hotel in Coolangatta with the Neon Collection fitting right at home amongst the pastel pink walls, neon lights, and 'gram-worthy décor. Tammy Hembrow's Saski Collection took over...

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Baby Bunting results improve on the back of retail enhancements

Baby Bunting results improve on the back of retail enhancements

New stores and the introduction of a buy-now pay-later finance option saw Baby Bunting's (ASX: BBN) first half results improve. Revenue was up 17.2 per cent to $177.688 million in the first half, whilst profit rose 27.8 per cent to $5.216 million. The company says it has rebounded from significant competition disruption, price def...

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GCCEC bringing event flexibility to the heart of the Gold Coast

GCCEC bringing event flexibility to the heart of the Gold Coast

Whether you're hosting an intimate meeting for 10, a conference for 6,000 delegates or an elegant gala dinner, the award-winning team at the Gold Coast Convention and Exhibition Centre know that the devil is in the details when it comes to hosting a successful event. The GCCEC specialises in personalised and bespoke events in a world-...

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Australia's top online fashion retailers

Australia's top online fashion retailers

As demonstrated by Australia's top fashion retailers online is the future of our retail sector. By taking on new technologies, offering customers easy to use payment solutions, and making shopping as accessible as possible, Australian fashion retailers are rethinking what it means to be a store in 2019. In 2018 a number of Austral...

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Experience the reinvention of timeless luxury at the newly renovated Brisbane Marriott Hotel

Experience the reinvention of timeless luxury at the newly renovated Brisbane Marriott Hotel

Brisbane Marriott Hotel is excited to celebrate a $20 million renovation project which has seen the transformation of the hotel's 267 guest rooms and suites, Executive Lounge, two floors of event space and signature restaurant. An iconic landmark on the corner of Queen and Adelaide streets, the Brisbane Marriott Hotel is in a prime CB...

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Get the conference and events royal treatment at RACV Royal Pines

Get the conference and events royal treatment at RACV Royal Pines

The RACV Royal Pines is one of the Gold Coast's most iconic legacy venues, ideal for bespoke conferences, events and meetings that require more than just a touch of class. Located only a short drive from Surfers Paradise and just a stone's throw to Metricon Stadium, the venue boasts 14 event and meeting spaces that can host up to ...

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LandMark White in trading halt following fallout from data breach

LandMark White in trading halt following fallout from data breach

Property valuer LandMark White (ASX: LMW) has gone into a trading halt pending a statement regarding the fallout from a data breach that occurred on 4 February 2019. The company said at the time that a data set containing property valuation and some personal contact information was disclosed because of a vulnerability in one of LMW's ...

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Conference and event organisers to enjoy trio of perks at Melbourne Marriott

Conference and event organisers to enjoy trio of perks at Melbourne Marriott

The Melbourne Marriott is one of the city's premier destinations when it comes to hosting conferences and events, and its offering just got a whole lot sweeter. For guests who book their next meeting or event by15 September this year, the Melbourne Marriott is offering the choice of three perks from the following options: Five...

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The Westin Brisbane offers exclusive deal on grand opening

The Westin Brisbane offers exclusive deal on grand opening

As the newest addition to Brisbane's eminent riverside hotel offering, The Westin Brisbane is taking things to new heights. Located on Mary Street in the heart of the bustling CBD, the hotel is only a stone's throw from iconic locations including Eagle Street Pier, the Botanical Gardens and Queen Street Mall. The Westin Brisba...

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Treasury Wine Estates records strongest net sales revenue growth in its history

Treasury Wine Estates records strongest net sales revenue growth in its history

Strong performance in China has pushed Treasury Wine Estates' (ASX: TWE) results to new levels. The company delivered its strongest organic net sales revenue ('NSR') growth rate in its history during the first half of FY19. NSR was up 16 per cent to $1,507.7 million, whilst its NPAT was up 17 per cent to $219.2 million. ...

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A 97 per cent profit drop caps off disaster year for AMP

A 97 per cent profit drop caps off disaster year for AMP

Of all the companies hit hard by the findings of the banking and finance Royal Commission AMP was one of the worst hurt. However, amidst the chaos of renumerating customers for fees charged without rendering services, the company has still turned a profit. The comparably meagre $28 million profit is far shy of the $848 million the com...

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Carsales suffers 82% drop in profit thanks to $47m impairment charge

Carsales suffers 82% drop in profit thanks to $47m impairment charge

A $47.8 million impairment charge has seen Carsales.com Ltd's (ASX: CAR) NPAT slide by 82 per cent to $11.1 million in H1 FY19. Tightening regulations by ASIC about car financing appear to be the major cause of Carsales' woes representing yet another casualty of the findings of the banking and finance royal commission. The imp...

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China's economic slowdown poses a significant threat to Australia

China's economic slowdown poses a significant threat to Australia

China's sudden explosion as an economic powerhouse in the APAC region was once the source of global anxiety, but in 2019 it's the opposite that could cause some problems at home. Industry research company IBISWorld has warned that the decline in growth of China's GDP could have far reaching consequences for Australia's eco...

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Villa World posts slightly improved profit in challenging market conditions

Villa World posts slightly improved profit in challenging market conditions

Despite a tough property market Villa World (ASX: VLW) has recorded a slightly improved profit at the end of the first half of FY19. The residential house and land developer announced a $17.6 million after tax half year profit, up from $17.3 million at the end of H1 FY18. This was despite sales being down significantly from the same t...

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New Super Retail Group CEO to start early after earnings hike

New Super Retail Group CEO to start early after earnings hike

Super Retail Group (ASX: SUL) has sped up its CEO transition and announced a 6 per cent lift in sales to $1.4 billion for the first half, with improved profitability across its auto, sport and outdoor divisions.  The market has responded positively to the news this morning, undeterred by a company review that found retail managers ha...

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