Medicinal cannabis patient numbers "starting to spike" for Althea

Medicinal cannabis patient numbers "starting to spike" for Althea

Althea now has more staff in London than Melbourne, with expectations its expertise from Australia will bring an advantage over large competitors who have traditionally dealt with easier operating environments. As a relative newcomer to the medicinal cannabis space that only supplied to four patients 11 months ago, Melbourne-based Althea ...

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Seven offloads Yahoo7 to Verizon

Seven offloads Yahoo7 to Verizon

Seven West Media (ASX: SWM) has today completed the sale of its 50 per cent interest in Yahoo7, with American communications giant Verizon picking up the business for $21 million. Seven now fully owns and operates all of its 'direct to consumer' digital products following the divestment of its share in Yahoo7. When Seven annou...

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Loose lips sink ships, Wynn ditches $10 billion Crown takeover

Loose lips sink ships, Wynn ditches $10 billion Crown takeover

Just one day after the soft announcement of a $10 billion takeover of Crown Resorts (ASX: CWN) by Las Vegas based Wynn Resorts the latter has terminated all discussions about the transaction. The American resort chain released a short statement on Tuesday (US time) saying that the sudden and early announcement of the potential takeover pu...

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Rise of veganism is threatening Aussie meat and dairy, warns analyst

Rise of veganism is threatening Aussie meat and dairy, warns analyst

Veganism may have dominated national headlines this week for controversial reasons, but there's no denying the lifestyle choice is gaining fast momentum. So much so that the future growth of the Australian meat and dairy industry is being called into question. A report by IBISWorld claims that rising veganism is threatening demand...

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Three reasons why mastering data could be your biggest benefit

Three reasons why mastering data could be your biggest benefit

Big data is more than just a buzz-term, it's how we quantify everything these days. From website interactions, to the productivity of employees and the nitty gritty of spending, proper data use is essential to guiding a business in the right direction. According to the Harvard Business Review, 48.4 percent of the Fortune 1000 comp...

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Domino's partners with Google on Assistant support

Domino's partners with Google on Assistant support

Voice-activated tech is quickly taking over our bedrooms, living spaces, and our smart phones, so it's no wonder that fast-food companies are getting in on the action. Domino's (ASX: DMP) has announced that it has partnered with Google to allow customers to place and track orders via the Google Assistant. Customers with a Goog...

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Wynn Resorts proposes Crown takeover deal

Wynn Resorts proposes Crown takeover deal

Crown Resorts (ASX: CWN) has confirmed it is in discussions with Wynn Resorts regarding a potential takeover of Crown. The proposal from Las Vegas-based Wynn is worth around $10 billion, and would involve a 50-50 cash-scrip deal with an implied value of  $14.75 per share. The proposal is subject to due diligence and could change ...

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Napoleon Perdis saved by daigou legend Livia Wang

Napoleon Perdis saved by daigou legend Livia Wang

Australian cosmetics brand Napoleon Perdis has been given a second chance by a superfan of the company Livia Wang (pictured). Wang, a prominent personal shopper or 'daigou' legend for the Chinese market, and Henry Lee have saved Napoleon Perdis from liquidation. Creditors voted to support Wang and Lee's bid yesterday after...

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IPH lifts takeover bid: Is Xenith shifting allegiances?

IPH lifts takeover bid: Is Xenith shifting allegiances?

Shares in intellectual property company Xenith (ASX: XIP) have risen 8.85 per cent this morning after suitor IPH (ASX: IPH) increased its takeover bid for the company to an implied value of $2.15 per share. For months Xenith has stood by its proposed merger with QANTM Intellectual Property (ASX: QIP), but now it is giving the group until ...

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Inside Australian Family Lawyers' $6.5M IPO

Inside Australian Family Lawyers' $6.5M IPO

At the completion of Australian Family Lawyers' (AFL) IPO it will become the latest Australian law firm to list on the ASX. Following yesterday's extraordinary general meeting when Navigator Resources Limited (ASX: NAV) shareholders gave AFL the greenlight for a reverse takeover of the mining company. The firm is joining the l...

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Mogul steps up its game with Australia's largest Apex Legends tournament

Mogul steps up its game with Australia's largest Apex Legends tournament

ASX-Listed esports platform Mogul (ASX: ESH) is proving video games are serious business. It has only been two weeks since the tech tournament organiser signed a landmark partnership with Adelaide Crows subsidiary Legacy Esports, and now Mogul is kicking another major goal by launching its Australian Apex Open tournament. Apex Legends...

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Saudi company buys 200,000ha of Australian farmland

Saudi company buys 200,000ha of Australian farmland

The Nicoletti family in Western Australia has sold 200,000ha of farmland to the Saudi Agricultural and Livestock Investment Company (SALIC) in a deal the ABC reports to be worth around $60 million. The buyer, which is a joint stock company owned by Saudi Arabia's Public Investment Fund, received approval for the transaction last ...

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Flight Centre bets on corporate travel tech with US investment

Flight Centre bets on corporate travel tech with US investment

Brisbane-based travel agency Flight Centre (ASX: FLT) is raising its forward-thinking profile on the world stage today after securing a 25 per cent interest in US technology-driven business The Upside Travel. The investment makes Flight Centre the largest single shareholder in the Washington DC-headquartered group that was launched by Pri...

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Faceboook data from over 540 million users found exposed online

Faceboook data from over 540 million users found exposed online

Just two weeks after a data scare that left millions of users' passwords compromised Facebook has had another data breach. The UpGuard Cyber Risk Team has discovered that two third-party developed Facebook app datasets have been found exposed online. One of these, originating from Mexican media company Cultura Colectiva, contains ...

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NBN competitor Spirit Telecom buys LinkOne Group for $5.7M

NBN competitor Spirit Telecom buys LinkOne Group for $5.7M

Spirit Telecom (ASX: ST1), internet service provider and popular alternative to the NBN, has acquired LinkOne Group for $5.7 million. LinkOne is a telecom carrier across hardware platforms including fibre, copper and broadband which has a significant footprint in Melbourne, Sydney and Brisbane. Spirit's aim is to give more east co...

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30 witnesses for lengthy GetSwift trial

30 witnesses for lengthy GetSwift trial

The corporate watchdog has flagged that it intends to throw 30 witnesses at software company GetSwift in its now delayed trail. The large number of witnesses, expected to take around six weeks to get through, has compelled Federal Court judge Michael Lee to delay the trial until 2020 to allow GetSwift to prepare for the bout with the Aust...

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Retail Food Group fails to sell Donut King

Retail Food Group fails to sell Donut King

Negotiations to divest the Donut King and quick service retail (QSR) divisions of Retail Food Group (ASX: RFG) have ended without a sale for the embattled company. RFG says that a formal binding agreement could not be reached with the party interested in taking the two divisions off RFG's hands. "Our Donut King and QSR brands...

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SEEK nabs former CommBank CEO Ian Narev

SEEK nabs former CommBank CEO Ian Narev

Former Commonwealth Bank boss Ian Narev, who left Australia's biggest bank in the wake of its 2018 money laundering scandal, has joined jobs site SEEK (ASX: SEK) in the newly created role of group chief operating officer and Asia Pacific and Americas CEO. Narev will work in partnership with SEEK Group CEO and co-founder Andrew Bassat ...

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Smiles Inclusive all frowns as board decay sets in

Smiles Inclusive all frowns as board decay sets in

Opposing camps on the Smiles Inclusive (ASX: SIL) board are trying to wrench one another from their posts in a scramble for leadership of the embattled dental aggregator. Founder, major shareholder and former CEO Mike Timoney issued a press release today claiming attempts from "renegade directors" to prevent a requisition notice...

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Doubts linger as Blue Sky issues debt update

Doubts linger as Blue Sky issues debt update

Following a tumultuous 2018 and what has been a tough start to this year, Blue Sky Alternative Investments (ASX: BLA) has informed the market compliance with covenants to its US-based saviour Oaktree Capital remain in limbo. After posting a net loss after tax of $25.7 million for H1FY19 on 28 February, the Brisbane company announced its c...

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Woolies to close 30 Big W stores

Woolies to close 30 Big W stores

Australia's largest retail group Woolworths (ASX: WOW) will be shutting down one in every six of its Big W stores over the next three years along with two distribution centres (DC), following a review of the division's outlook amidst challenges from online shopping.  Big W recorded 6 per cent comparable sales growth in the th...

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Zuckerberg calls for more regulation over the Internet

Zuckerberg calls for more regulation over the Internet

Facebook has clearly grown bigger than founder Mark Zuckerberg ever imagined. In just a few short years he's gone from Silicon Valley darling to the scapegoat for the world's ills. He copped the brunt of the blame for Brexit and Trump, and more recently has received a fair share of criticism for Facebook's handling of the ...

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Can investment deal salvage Napoleon Perdis survival?

Can investment deal salvage Napoleon Perdis survival?

One of the potential investors has managed successful Australian brands including Witchery and Marcs. It may have needed to close half its stores to do so, but Napoleon Perdis could stay afloat after administrators reached terms for a new business structure with retail-focused group KUBA Investments. The proposal to creditors inv...

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Crowdfunding pours in to women-friendly rideshare Shebah

Crowdfunding pours in to women-friendly rideshare Shebah

Update: On 1 April Shebah announced it had reached an Australian crowdfunding record by hitting its $3 million target. The funds were raised from more than 2,100 investors of which 94 per cent were women.  A business catering to women's safety has picked up strong investor interest en route to taking a slice of Australia'...

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Xenith merger vote delayed after ACCC decision

Xenith merger vote delayed after ACCC decision

Xenith IP Group (ASX: XIP) has stood by its recommendation for a merger with QANTM Intellectual Property (ASX:XIP), but a vote on the proposal has been postponed for "later date" after a game-changing decision yesterday from the competition watchdog. Unsolicited suitor IPH (ASX: IPH) has been aggressively attempting to disp...

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ACCC gives IPH acquisition of Xenith the green light

ACCC gives IPH acquisition of Xenith the green light

The likelihood of an intellectual property giant materialising in Australia is edging closer after the Australian Competition and Consumer Commission (ACCC) delivered its blessing. Though shareholders have the option of choosing who IP firm Xenith will partner up with, the ACCC has said that it will not oppose IPH Limited's proposed a...

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Alpha-H hits gold with Sephora USA

Alpha-H hits gold with Sephora USA

A skincare solution that started 20 years ago has become a booming business for Gold Coast-based Alpha-H, lifted by a strong partnership with Sephora Australasia that has been in full swing for the past eight years.  With corrective and preventative skincare products including the best-selling Liquid Gold resurfacing treatment, ...

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New data reveals surprising facts about Aussie online shoppers

New data reveals surprising facts about Aussie online shoppers

A broad-reaching international study has found Australians have one of the lowest percentages of online payments made by smart phones, with only 22 per cent opting to use them for e-commerce. However for the transactions Australians make, Apple iOS users spend 70 per cent more than their Android-using counterparts with an average of A$146...

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Lynas knocks back Wesfarmers' $1.5B takeover bid

Lynas knocks back Wesfarmers' $1.5B takeover bid

Yesterday's takeover bid for rare earths miner Lynas Corporation (ASX: LYC) was a bold and unexpected move from Wesfarmers (ASX: WES), but the acquisition target won't have a bar of it. Cashed up after offloading Coles (ASX: COL), the Wesfarmers board may have thought its $2.25 per share offer could persuade Lynas at a 44.7 per ce...

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Slater & Gordon slated over "We win cases like yours"

Slater & Gordon slated over "We win cases like yours"

Eaglegate Lawyers principal Nicole Murdoch has no objection to one of two recent trademark applications Slater & Gordon (ASX: SGH) has made with IP Australia. The mark reads "Slater + Gordon. We win cases like yours", and that's fair enough according to Murdoch. After all, it would make no sense for any law firm to ...

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