Startup investment landscape snapshot for 2019

Startup investment landscape snapshot for 2019

If you're still in the early stages of your startup or looking to finally launch your startup, 2019 might be the year to cast your net wider for investment capital to start or grow your company.  2018 was a big year for startups around the world. According to KPMG, over US$899 million was raised in Australia alone in 2018. At...

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Coles to spend almost $1B on automated distribution centres

Coles to spend almost $1B on automated distribution centres

With an ongoing threat from Amazon and tightening margins caused by fierce competition, Australian retailers are harnessing every opportunity they can find to boost efficiency. For the recently demerged Coles Group (ASX: COL), this means cutting labour costs and improving its supply chain through investments in automated distribution. ...

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New home building in Australia facing "toughest year in almost a decade"

New home building in Australia facing "toughest year in almost a decade"

Master Builders Australia has forecast a challenging year ahead for the housing market as slowing mortgage credit and political uncertainty take their toll on activity. The group's chief economist Shane Garrett (pictured below) expects this to be the "toughest year in almost a decade" with declining house prices and fal...

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Slow Internet with the NBN? You might be eligible for a refund

Slow Internet with the NBN? You might be eligible for a refund

The ACCC is urging NBN customers with slow connection speeds to contact their provider as they may be eligible for a refund. Over the last 15 months Telstra, Optus, TPG, iiNet, Internode, Dodo, iPrimus and Commander have each admitted that they likely made false or misleading representations about the connection speeds NBN customers could...

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Collection House acquires $8.5M stake in Volt Bank

Collection House acquires $8.5M stake in Volt Bank

After revelations from the Royal Commission led to eroded trust in major banks, will customers warm to new entrants backed by regulations designed to promote competition? A pathway set up by regulators to incentivise new entrants in the banking sector is starting to gather momentum, with Volt Bank receiving an $8.5 million investment from...

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Mobile payments drive Chinese tourist spending in Australia

Mobile payments drive Chinese tourist spending in Australia

A new report from Nielsen and Alipay has found 68 per cent of Chinese tourists in Australia used mobile payments during their visits last year, with shopping, accomodation and dining as the leading purchases. This puts Australia ahead of the US and Canada which had a usage rate of 61 per cent, and Europe (France, UK, Italy, Germany) with ...

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Aussie fintech brings leading Chinese mobile payment platform to local shores

Aussie fintech brings leading Chinese mobile payment platform to local shores

AirPay Financial Technologies has teamed up with major Chinese company SwiftPass to give Australian retailers, e-commerce sites and mobile apps better access to a booming consumer market through mobile payments. The two groups have formed the new lifestyle brand 'AirPass', allowing local Australian businesses to accept WeChat Pay ...

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Afterpay reports its biggest ever month during a $2 billion first half

Afterpay reports its biggest ever month during a $2 billion first half

Afterpay (ASX: APT) continues to rake in more revenue every time they report, and the end of 1H19 is no different. An influx of new users saw Afterpay's underlying sales boosted by 140 per cent, up from $918 million in 1H18 to $2.2 billion in 1H19. The company says that December 2018 was the company's largest ever month on rec...

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Murray River Organics ups dried fruit prices to pass on benefits to farmers

Murray River Organics ups dried fruit prices to pass on benefits to farmers

In a move intended to ensure growers of fruits receive a fair return Murray River Organics (ASX: MRG) have upped the prices of dried fruit by up to 25 per cent. The company says the price hike is commensurate with global pricing trends which have seen a doubling of pricing in comparable global grower markets in the last few years. MRO...

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Venture capital investment in Australia hits new highs in 2018

Venture capital investment in Australia hits new highs in 2018

While initial public offering (IPO) activity was low in 2018, the amount of venture capital (VC) invested in Australia surged upwards by 36 per cent last year to hit a record of US$899 million (A$1.25 billion). This is the conclusion of KPMG in its latest VC trends report Venture Pulse Q4 2018, which highlighted growth from US$659.9 milli...

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Kogan delivers its best Christmas trading period ever

Kogan delivers its best Christmas trading period ever

Australian e-tailing giant Kogan.com has revealed its late-2018 successes, with records made across the board. The business generated record trading in the peak Christmas period, and its Black Friday and Boxing Day sales respectively produced record days in the history of the company. Founder and CEO of Kogan.com Ruslan Kogan was glow...

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Impression Healthcare on a high after receiving green light to sell cannabis

Impression Healthcare on a high after receiving green light to sell cannabis

Once a home dental impression company, now a fully-fledged cannabis player, Impression Healthcare (ASX: IHL) is ready to dive into the world of medicinal cannabis. The company announced today that it has received the relevant licenses from the Victorian Department of Health to sell or supply scheduled cannabinoid substances. This is a...

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Office market vacancies to tighten in 2019

Office market vacancies to tighten in 2019

Colliers International expects vacancy rates to squeeze even lower in major office markets in the years ahead, driven by commercial tenants competing for limited space and a rise in demand for large or contiguous office space. Colliers' managing director for office leasing, Simon Hunt, says office vacancy forecasts for key market...

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Reject Shop results disprove "unfounded" Allensford claims, says chairman

Reject Shop results disprove "unfounded" Allensford claims, says chairman

The Reject Shop (ASX: TRS) chairman Bill Stevens claims results announced yesterday should put to bed speculation over poor sales performance from takeover bidder Allensford. Allensford, a subsidiary of Bennamon Pty Ltd which is owned by owned by Kin Group, made an offer for The Reject Shop in November claiming it could giv...

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Retail Food Group responds to $100M Crust Pizza sale speculation

Retail Food Group responds to $100M Crust Pizza sale speculation

Struggling franchisor Retail Food Group (ASX: RFG) has received some well-needed positive market sentiment this morning following speculation its business Crust Gourmet Pizzas is in line to be sold. At 11:30am AEDT shares in RFG were up 22 per cent at $0.36 after the Australian Financial Review (AFR) reported investor PAG Asia Capital was...

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Capitol Health drops $8.1 million on Melbourne radiology network

Capitol Health drops $8.1 million on Melbourne radiology network

Melbourne-based med-tech company Capitol Health (ASX: CAJ) has acquired four new clinics for $8.1 million to extend its reach in Victoria. The four clinics in metropolitan Melbourne were previously owned by Uniradiology and extend Capitol Health's reach into Carlton. Uniradiology's network comprises clinics in Frankston, Dande...

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Slowing Kmart sales growth drags down Wesfarmers shares

Slowing Kmart sales growth drags down Wesfarmers shares

Performance over the Christmas period was always going to be under the microscope for retailer Kmart, but backwards movement in its like-for-like sales has dented confidence in parent company Wesfarmers (ASX: WES). In an announcement to the market today, Wesfarmers noted several causes behind the 0.6 per cent decline in Kmart sales for th...

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Black Friday buoys Australian retail but online continues to dominate

Black Friday buoys Australian retail but online continues to dominate

Australia's wholehearted embrace of the American Thanksgiving tradition Black Friday has paid off for our retailers, but it's online where shoppers continue to flock. The highly anticipated ABS data on retailing for November 2018 proved to be more positive than expected, with turnover up 0.4 per cent in November 2018. Pundits pred...

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Costa Group slammed by dip in tomato, berry and avocado sales

Costa Group slammed by dip in tomato, berry and avocado sales

Costa Group's latest trading update might have ushered in the end of an era for smashed avo lovers, and its shareholders are not particularly ripe. The grower, packer and marketer of Australian fruit and veg announced on Thursday that sales in tomatoes, berries and avacados dipped during December 2018. As a result, the company saw...

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Two properties sold at record square metre rate for Melbourne precinct

Two properties sold at record square metre rate for Melbourne precinct

Despite reports of falling property prices in Melbourne, a competitive sales campaign recently completed for two neighbouring CBD buildings reflects strong fundamentals according to an agent at CBRE.  The two properties at the junction of of the legal precinct and the city's retail core were owned for 40 years by the Lewenbe...

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AEV Robotics is changing the way we think about driverless cars and vehicles themselves

AEV Robotics is changing the way we think about driverless cars and vehicles themselves

When you take a look at the prototype for AEV Robotics' modular driverless vehicle it's hard not to see the future of transport. But according to co-founder and CEO of AEV Julian Broadbent, that future isn't as far off as it might seem. Melbourne-based AEV Robotics is currently in Las Vegas at the home of emerging tech: CE...

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Noni B results lifted by new brands and Christmas trading

Noni B results lifted by new brands and Christmas trading

Women's fashion retailer Noni B Limited (ASX: NBL) has remained on-trend in the first half of FY19, posting a 140 per cent surge in sales driven by its acquisition of Specialty Fashion Group in July. The newly incorporated brands include Millers, Katies, Rivers, Crossroads and Autograph. According to the company, the integration o...

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"Very early entry" with AR takes Domino's into uncharted food retail territory

"Very early entry" with AR takes Domino's into uncharted food retail territory

With $1.6 billion in online sales worldwide representing almost two-thirds of its business, Domino's Pizza Enterprises (ASX: DMP) is upping the ante to make sure it stays at the vanguard of digital tech development.  The company is now around two months in since the launch of an augmented reality (AR) Pizza Chef for its ordering ...

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Ridesharing, organic farming among sectors to watch in 2019

Ridesharing, organic farming among sectors to watch in 2019

Market research group IBISWorld has put ridesharing services at the top of its list of growth industries to follow in Australia this year, with booms also expected for LNG, organic farming, software publishing and foreign banks. With an estimated revenue in Australia of $157.6 million in 2017-18, the ridesharing industry starts from a low...

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Fortnite, Overwatch and Smash Bros join Esports Mogul roster

Fortnite, Overwatch and Smash Bros join Esports Mogul roster

Some of the world's biggest console games are joining Esports Moguls' (ASX: ESH) growing catalogue of titles. Fortnite, with over 200 million players worldwide, will be available on Esports Moguls' Mogul.gg platform a fully automated tournament and matchmaking platform. These console games will be part of one of the bigges...

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The year ahead in property is filled with challenges and changes

The year ahead in property is filled with challenges and changes

The tremors of political instability, a tough economy, and the rise of e-commerce are the guiding forces behind what looks like a challenging 2019 for the Australian property market. These conditions, which bubbled under the surface in 2018, are set to make and break investments this year, but could provide some clarity for trends we'...

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EGL to acquire RCR Energy Service

EGL to acquire RCR Energy Service

In late November 3,400 staff were left in the lurch right before Christmas when RCR Tomlinson announced it had fallen into administration. But with the dawning of a new year, RCR has found a partial saviour in the form of The Energy Group Limited (ASX: EGL) which will acquire the assets of RCR Energy Service. For EGL, the acquisition ...

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Australia's top 100 young entrepreneurs

Australia's top 100 young entrepreneurs

These young business men and women are our future business leaders fuelling the nations vibrant business culture, making our local economies tick and inspiring us with their drive and innovation.

They are well informed risk-takers who think outside the box. They have worked hard at building their empires and are prepared to act on ideas ...

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Melbourne's Top 50 Companies revealed

Melbourne's Top 50 Companies revealed

With the Royal Banking Commission triggering shifts at the top while new entrants shake up the offering on the shelf, Melbourne's top listed companies have been a busy lot this year. With a combined market capitalisation of $648 billion these companies help drive Australia's strongest state economy, not to mention the nation and t...

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Appeal dismissed for former MFS execs involved in $147.5M misappropriation

Appeal dismissed for former MFS execs involved in $147.5M misappropriation

The Queensland Court of Appeal has dismissed appeals from three former executives who were connected to the misappropriation of $147.5 million at MFS, which collapsed in 2008 with debts in the order of $2.5 billion. The court dismissed appeals from MFS Investment Management's (MFSIM) former CEO Guy Hutchings and former deputy CEO&nbsp...

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