Federal Court slaps fine on Click Energy for misleading claims

Federal Court slaps fine on Click Energy for misleading claims

What do you call a discount when it's calculated from higher rates than the standard offering for consumers? Misleading, according to the Federal Court which has today ordered penalties of $900,000 against Amaysim Energy - trading as Click Energy - for doing just that.  Between October 2017 and March 2018, Click Energy t...

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Music promotion icons Chugg and Frontier team up for JV

Music promotion icons Chugg and Frontier team up for JV

Music industry legends who have promoted tours for the likes of Ed Sheeran, Pearl Jam and Florence + The Machine are teaming up to form a joint venture between Chugg Entertainment and Frontier Touring. Michael Gudinski and Michael Chugg founded the Frontier business together in 1979, but in 2000 Chugg formed his own eponymous co...

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Charter Hall to buy early learning centres for $75M

Charter Hall to buy early learning centres for $75M

Update: On 27 March, CQE announced the placement was successfully completed, and in light of significant demand was lifted from $100 million to $120 million. Real estate investor Charter Hall Education Trust (ASX: CQE) will splash out $75.5 million to acquire 13 early learning centres, located primarily in inner-ring metropolitan suburbs....

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Noni B fires back at union's staff safety claims

Noni B fires back at union's staff safety claims

Noni B claims it is "deeply concerning and indeed disappointing" that the SDA would make "misleading statements" to the media. Women's fashion retailer Noni B (ASX: NBL) has implied recent complaints around staff safety are merely a smokescreen to "attempt to coerce" the company into changing an enterpris...

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Coles enters e-commerce big leagues with leading British online grocer Ocado

Coles enters e-commerce big leagues with leading British online grocer Ocado

Following the recently announced entry of German supermarket Kaufland, continued expansion from Aldi and Amazon's soft launch into food e-commerce, the Australian grocery retail space has never been more competitive.  In response Coles (ASX: COL) is pulling out all stops to hold its ground, with the announcement today it has ente...

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Airwallex becomes Australia's latest unicorn with estimated value above US$1B

Airwallex becomes Australia's latest unicorn with estimated value above US$1B

Melbourne-founded fintech group Airwallex has achieved 'unicorn status' following a successful US$100 million (AU$141.3 million) capital raise led by DST Global. The Series C round, led by a group that has previously backed the likes of Facebook, Airbnb and Spotify, gives Airwallex an estimated value of more than US$1 billion. ...

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Emerge Gaming ready to rumble and unfazed by Google Stadia threat

Emerge Gaming ready to rumble and unfazed by Google Stadia threat

Australia's self-proclaimed 'Netflix of Gaming' is on the cusp of rolling out a pilot of its GameCloud platform developed with Singapore's Cloudzen Pte Ltd, and appears unfazed by Google's foray into a very similar arena. Perth-based Emerge Gaming (ASX: EM1) announced today the GameCloud technology was successfully tes...

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Tech startup Doshii scores Deliveroo deal

Tech startup Doshii scores Deliveroo deal

Leading food company Deliveroo has announced a partnership with Melbourne-based Hospitality and Retail API Platform Doshii to streamline processing orders for restaurant partners, which will make the process of getting Australia's favourite restaurant foods delivered to customers' doors more seamless. Restaurants who partner with ...

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Smiggle pushes into new markets on profit rise for Premier Investments

Smiggle pushes into new markets on profit rise for Premier Investments

Solomon Lew's Premier Investments (ASX: PMV) will push its stationery brand Smiggle into 10 new countries in a strategy involving online and new stores which aims to target more than 700 million people. Smiggle will be pushing into South Korea, Indonesia, Thailand, the Philippines, the UAE and Canada directly with local operators and ...

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Navitas agrees to $2.1b takeover offer

Navitas agrees to $2.1b takeover offer

Education services provider Navitas (ASX: NVT) has agreed to a $2.1 billion takeover offer from a consortium led by private equity firm BGH Capital after months of wrangling between the two camps. BGH Capital, along with AustralianSuper and former Navitas CEO and founder Rod Jones, secured its long-awaited first deal after stalking its ta...

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Manikay puts MYOB takeover in jeopardy

Manikay puts MYOB takeover in jeopardy

Manikay Partners is edging closer to blocking the takeover of business management software provider MYOB (ASX: MYO) as it acquires more of the Australian company. Hedge fund Manikay now owns 14.93 per cent of MYOB, up from just 9.9 per cent two weeks ago. In order for the takeover of MYOB by Kohlberg Kravis Roberts & Co (KKR) to pass ...

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Compumedics scores major US health contract

Compumedics scores major US health contract

Neurological device developers Compumedics (ASX: CMP) have signed an agreement with a major US health organisation which will see its technology deployed in 48 hospitals. Compumedics has contracted with Adventist Health System to allow Compumedics to supply 48 hospitals with its suite of sleep, neurological monitoring and brain research s...

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LandMark White's data breach just the beginning for cyber criminals

LandMark White's data breach just the beginning for cyber criminals

Though the dust is yet to settle and the full effects of the data breach suffered by LandMark White are yet to be revealed, it's safe to say one tiny error has led to a world of pain for the listed property valuer. Whether it was the 10 days that LMW's data was sitting on the dark web free for anyone opportunistic enough to grab, ...

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Atlassian to buy AgileCraft for US$166M

Atlassian to buy AgileCraft for US$166M

One of Australia's most renowned tech unicorns on the global stage is set to boost its workforce productivity software offering through the US$166 million ($234 million) purchase of Texas-based AgileCraft. Atlassian Corporation (NASDAQ:TEAM) is a major provider of team collaboration and productivity software, and its Sydney-based foun...

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Cann Group secures $11M Mildura site for new cannabis greenhouse

Cann Group secures $11M Mildura site for new cannabis greenhouse

Leading cannabis producer and researcher Cann Group (ASX: CAN) has acquired a $10.75 million property in Mildura, Victoria to construct a greenhouse for the cultivation of cannabis. The company will grow, cultivate, and produce medicinal cannabis at the Mildura site to service both the Australian and international medicinal cannabis marke...

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Xenith rebuffs IPH takeover bid

Xenith rebuffs IPH takeover bid

The board of intellectual property company Xenith (ASX: XIP) is not impressed by a 9 per cent lift in IPH's (ASX: IPH) takeover offer, and will press on with another merger in the works.  In an announcement today the group concluded IPH had not presented a superior offer to the merger deal underway with QANTM Intel...

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Landmark White reveals data hack details

Landmark White reveals data hack details

Executives at property valuer Landmark White (ASX: LMW) can breathe a sigh of relief after a data breach risk assessment revealed most people affected were at "very low risk of harm". Revelations of the hacking incident led to a voluntary suspension of LMW shares on 19 February that remains in place, while a "significant nu...

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Red Bubble off the hook in Hells Angels copyright case

Red Bubble off the hook in Hells Angels copyright case

A website that allows independent artists to sell print on demand (POD) designs online has avoided hefty damages after the Federal Court of Australia ruled in its favour in a copyright case brought by Hells Angels Motorcycle Corporation. The bikie gang was suing Melbourne-based Redbubble (ASX: RBL) for publishing Hells Angels tradema...

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CropLogic secures growing licence for major US hemp state

CropLogic secures growing licence for major US hemp state

Agricultural technology company CropLogic (ASX: CLI) is now one of the first ASX-listed companies to receive a US hemp growers licence after authorities in the Pacific Northwest state of Oregon gave it the green light. The news of CropLogic's licence for cultivating industrial hemp comes less than a week after the company signed a lea...

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Class action looms for IOOF

Class action looms for IOOF

While Australia's prudential watchdog takes action against IOOF (ASX: IFL) directors and executives over alleged misconduct, the wealth manager is about to face another legal battle. Sydney-based law firm Quinn Emanuel Urquhart & Sullivan announced today it planned to file a class action against IOOF, arising from evidence given a...

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Techpreneurs team up to make automation accessible

Techpreneurs team up to make automation accessible

Automation and artificial intelligence can sound intimidating, but two of Australia's top young entrepreneurs want to make the technology accessible for every size business. Blackbook.ai and BITS Technology Group have partnered to offer automation as a service, a collaborative product launching next week at Automate 2019 in Brisbane a...

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As the web turns 30 its creator warns of a bleak future

As the web turns 30 its creator warns of a bleak future

The World Wide Web is now 30 years old! In such a short period of time the invention of the Internet has changed our lives forever. But the creator of the web says not all changes have been for the good of humanity. In a public letter Sir Tim Berners-Lee, the inventor of the web and the founder of the World Wide Web Foundation, reflects o...

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Retail Food Group "damaged the reputation of franchising" slams parliamentary report

Retail Food Group "damaged the reputation of franchising" slams parliamentary report

The parent company behind Brumby's, Donut King, and Michel's Patisserie has been slammed by a parliamentary inquiry into Australian franchisors. The committee devoted a chapter in their Fairness in Franchising report released today to Retail Food Group (ASX:RFG) as an example of a franchisor who is taking advantage of an insuffici...

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Kogan takes on Amazon with new marketplace

Kogan takes on Amazon with new marketplace

Kogan.com's (ASX: KGN) latest play looks quite familiar. Dubbed 'Kogan Marketplace' the new online shop launches today with more than 100,000 products from external retailers. The model seems pretty similar to the way Amazon operates, allowing businesses to use the marketplace and e-tail infrastructure to sell their own pr...

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Kathmandu hit by hackers

Kathmandu hit by hackers

The personal information and payment details of Kathmandu Holdings' (ASX, NZX: KMD) online customers may be at risk after the outdoors and adventure retailer today revealed a security breach of its website platform. The company recently became aware an unidentified third party had gained unauthorised access to the website some ti...

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Investment firm launches $20 million takeover bid for Yowie

Investment firm launches $20 million takeover bid for Yowie

Yowie (ASX: YOW) might be completely gobbled up by Australian investment firm Keybridge Capital (ASXL KBC) for a cool $20 million. The underperforming confectioner is facing the takeover by Keybridge following a disappointing first half during which the company recorded a loss of $871,000. Keybridge looks to be taking advantage of thi...

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Sigma Healthcare rejects API takeover proposal

Sigma Healthcare rejects API takeover proposal

The parent company of some of Australia's leading pharmacies, Sigma Healthcare (ASX: SIG), has rejected a takeover proposal from Australian Pharmaceuticals Industries (ASX: API). In December 2018 API offered $727 million to buy the entirety of Sigma Healthcare. Sigma is the parent of leading Australian pharmacies Amcal, Chemist King, ...

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Oliver's Real Food shares surge on founder's return

Oliver's Real Food shares surge on founder's return

A healthy fast food chain with bloated overheads is about to rein in costs through an executive overhaul that has already led to a doubling of its share price since the announcement was made on Monday morning. That company is Oliver's Real Food (ASX: OLI), an enterprise headquartered on the Central Coast of New South Wales that listed...

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Retail Food Group denies administration rumours

Retail Food Group denies administration rumours

Embattled franchisor Retail Food Group (ASX: RFG) has denied reports in the Courier Mail citing "word on the street" speculation that administrators could be called in as soon as next week. The operator of food brands including Brumby's, Donut King, Michel's Patisserie and Gloria Jeans reported a loss of $111 million for...

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Zelda strikes up partnership to break into US medicinal cannabis market

Zelda strikes up partnership to break into US medicinal cannabis market

Zelda Therapeutics (ASX: ZLD) has entered into a partnership that could see it grab a serious slice of the US medicinal cannabis market. Zelda and Ilera Healthcare will explore a range of commercialisation opportunities to tap into the lucrative US medicinal cannabis market. Though not legal or decriminalised federally, the United Sta...

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