Pegasus secures $28 million investment from US firm Accel-KKR

Pegasus secures $28 million investment from US firm Accel-KKR

Newcastle-based safety and competency tech company Pegasus has secured a $28 million capital injection from Silicon Valley investment firm Accel-KKR. The Australian company, which offers competency management, training, and site safety services for a variety of industries intends to deploy the funds to expand rapidly in the UK, Europe, an...

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Smoothie Bombs' 'cybersquatting' case is a lesson for every business owner

Smoothie Bombs' 'cybersquatting' case is a lesson for every business owner

In this modern era, having a good product and a strong sales plan in place is just one part of the equation for retail success. As marketing, sales, promotion and products are more online than ever before, ensuring your intellectual property is in place and sufficiently protected is essential. One Australian founder learned this the h...

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Former Guvera CEO banned from managing companies

Former Guvera CEO banned from managing companies

Darren Herft, the former CEO of music streaming platform Guvera, has been banned from managing corporations for a period of two years by the Australian Securities and Investments Commission (ASIC). Herft's ban follows the failure of four companies within the Guvera group which collapsed in June 2017. Guvera was founded in 2008 by ...

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Ailing Evans Dixon US property fund reports further woes

Ailing Evans Dixon US property fund reports further woes

Evans Dixon's (ASX ED1) US Masters Residential Property Fund (ASX: URF) has been on rocky ground of late, and its woes have continued to worsen into the new year. The company has been forced to reduce its net asset value (NAV) by up to 30 per cent as a result of a struggling New York City housing market, an unfavourable exchange rate,...

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Thredbo resort back in business after bushfire closure

Thredbo resort back in business after bushfire closure

Event Hospitality & Entertainment (ASX: EVT) has reopened its summer operations at Thredbo after bushfires in and around the Kosciuszko National Park forced a closure at the start of the year. All in-resort operations including mountain biking were expected to resume today, however areas in the park outside Thredbo remain closed ...

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The Iconic mega-facility opens doors for bushfire donation storage

The Iconic mega-facility opens doors for bushfire donation storage

Donors wanting to chip in for bushfire relief are often encouraged to give cash rather than physical goods, thus avoiding the potential for charities to be overwhelmed with blankets, clothes and assorted paraphernalia. But online retailer The Iconic may have a solution to this logistical problem thanks to its upgraded fulfilment centre in...

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Medicinal cannabis clinic company to list on the ASX

Medicinal cannabis clinic company to list on the ASX

Emerald Clinics, a company that specialises in cannabinoid treatments, has launched a $6-8 million IPO ahead of a launch on the ASX next month. The company has four clinics in Sydney, Melbourne, Perth and the Northern Rivers region of NSW, providing safe access to cannabinoid medicines for qualified patients in collaboration with referrin...

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Corporate Travel Management completes $26.5m US acquisition

Corporate Travel Management completes $26.5m US acquisition

Corporate Travel Management (ASX: CTD) has successfully acquired a Texas-based travel services provider for USD$18 million (AUD$26.5 million), bolstering its position as a Top 10 player in North America. The transaction to buy Corporate Travel Planners Inc (CTP) comprises 90 per cent cash and 10 per cent CTD stock, and is expected to...

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Zip records strongest quarter to date

Zip records strongest quarter to date

Buy-now pay-later (BNPL) platform Zip Co (ASX: Z1P) has capped off its strongest quarter to date in Q2 FY20, with record transaction volumes and an influx of new customers. The listed fintech recorded transaction volumes of more than $200 million in a single month for the first time during the December quarter. Zip was certainly given...

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Apollo sees bushfire fallout on the horizon for bottom line

Apollo sees bushfire fallout on the horizon for bottom line

Motorhome company Apollo Tourism & Leisure (ASX: ATL) faces a slowdown on two fronts as bushfires take their toll on domestic customer numbers and forward bookings from overseas. In a trading update today, the Brisbane-based group announced it would be challenging to reach the underlying FY19 net profit of $14.7 million again in ...

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NSW announces extended support for bushfire affected farmers

NSW announces extended support for bushfire affected farmers

The NSW Government is extending its support for farmers affected by the devastating bushfires as the number of livestock confirmed to have perished exceeds 13,000. Government staff are currently on the ground assisting fire-impacted landholders with livestock assessment and burial of dead animals. Minister of Agriculture Adam Marshall...

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Companies dig deep for wildlife rescue and recovery

Companies dig deep for wildlife rescue and recovery

With a University of Sydney researcher estimating more than one billion animals have been killed in Australia's devastating 2019-20 bushfire season, businesses have pledged to lend a helping hand. Woolworths Group (ASX: WOW) yesterday joined the likes of Cadbury and Crown Resorts (ASX: CWN) by pledging to donate at least $250,000...

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Bega returns to business as usual post-bushfires

Bega returns to business as usual post-bushfires

Australian dairy producer Bega Cheese (ASX: BGA) hopes to get the business back up and running as soon as possible following the disastrous Australian bushfires. The company says while the bushfires have had a "significant impact" on its farmers and employees there has been minimal direct impact to the company overall or its ong...

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Photo Auction to take emerging Australian artists to the world

Photo Auction to take emerging Australian artists to the world

With its launch into Australia last November, Photo Auction hoped to add yet another market to its fast-growing footprint. While sales are one thing, what the retailer is really interested in is uncovering new talent. Based in South Korea, New York and Hong Kong, Photo Auction is an art retailer specialising in photography. The gr...

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ECS Botanics scores Woolworths distribution deal for hemp-based soups

ECS Botanics scores Woolworths distribution deal for hemp-based soups

Hemp food company ECS Botanics (ASX: ECS) has landed a distribution deal with Woolworths that will see a range of hemp-based soups stocked on the supermarket's shelves. While the total revenue expected to be generated from the deal is still uncertain, the company will ramp up manufacturing runs to meet the anticipated first order from...

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Bushfire season slams Suncorp with $519m natural hazard cost

Bushfire season slams Suncorp with $519m natural hazard cost

The destructive bushfires witnessed over the end of 2019 and into the beginning of the 2020 have proven costly for Suncorp's (ASX: SUN) insurance arm, with natural hazard costs in 1H20 topping out at $519 million. Since September 2019 the Queensland-based company has received more than 2,600 bushfire-related claims, with a total estim...

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Mining magnate Andrew Forrest pledges $70 million to bushfire relief

Mining magnate Andrew Forrest pledges $70 million to bushfire relief

Billionaire Andrew Forrest (pictured) has pledged to donate $70 million toward the bushfire response and recovery process. Forrest, the former CEO of Australian iron ore mining company Fortescue Metals Group, will donate the $70 million via his philanthropic organisation Minderoo Foundation. The charity will break down its donation wi...

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Bolton's Keybridge Capital receives yet another takeover offer

Bolton's Keybridge Capital receives yet another takeover offer

It seems like everyone wants a slice of Keybridge Capital (ASX: KBC), with Australian alternative asset manager Aurora Funds Management throwing its hat in the ring for control of the company. Aurora's Dividend Income Trust (ADIT) announced this afternoon that it intends to make an off-market takeover bid at 6.6c per share to take con...

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Camplify to arrange free accommodation for bushfire victims

Camplify to arrange free accommodation for bushfire victims

With close to 2,000 homes destroyed over this horror bushfire period many Australians are without viable accommodation as the crisis continues. Australia's largest caravan hire and RV sharing community Camplify has stepped up to the plate to offer those affected by the fires free temporary accommodation. The scale-up has created a...

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Caltex confirms approaches from more suitors

Caltex confirms approaches from more suitors

Just a month after knocking back an $8.6 billion takeover offer from Canada's Alimentation Couche-Tard (ATD), Caltex Australia (ASX: CTX) has today confirmed approaches from a number of parties including the UK's EG Group. The announcement follows a report from Bloomberg yesterday that EG was working with a financial adviser ...

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Wisetech acquires Swiss logistics solutions provider for $15.5m

Wisetech acquires Swiss logistics solutions provider for $15.5m

Acquisitive Australian logistics solutions company WiseTech (ASX: WTC) is kicking off 2020 much like it ended 2019, with the purchase of Switzerland's SISA Studio Informatica for $15.5 million plus a multi-year earn-out of up to $8.9 million. WiseTech's detractors including short seller J Capital and "creative accounting&quot...

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Business Council calls on companies to support bushfire relief

Business Council calls on companies to support bushfire relief

The Business Council of Australia has called on its members to support Australians suffering from the ongoing bushfire crisis by coordinating to provide supplies and relief. In addition to two key trusts, the BCA is encouraging businesses with employees voluntarily fighting the bushfires to support those staff with a minimum of 20 days pa...

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Althea patient base surpassed 4,000 in 2019

Althea patient base surpassed 4,000 in 2019

Medicinal cannabis company Althea (ASX: AGH) had a stellar finish to an eventful 2019 with more than 4,000 patients prescribed in Australia. Founded by Joshua Fegan (pictured), who won Trailblazer of the Year at the Melbourne Young Entrepreneur Awards 2019, the company today reported 4,018 patients were prescribed to Althea's CBD...

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Domino's to be served with fresh Federal Court claim by franchisee

Domino's to be served with fresh Federal Court claim by franchisee

Brisbane-based Domino's Pizza Enterprises (ASX: DMP) and its high-profile managing director Don Meij (pictured) will soon be served with a claim in the Federal Court by one of their long-term franchisees. As reported by The Courier Mail, the franchisee in question is Perth-based fast-food veteran Frederick Aloysius Mario White. Wh...

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21 Harris Scarfe stores to close nationwide

21 Harris Scarfe stores to close nationwide

In the lead up to Christmas Australia suffered yet another retail casualty with legacy department store Harris Scarfe announcing that it had fallen into receivership. Today the receivers have revealed the body count of the store's fumble, with 21 stores located around the country to close over the next four weeks. The receivers, D...

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Australian businesses impacted by bushfires

Australian businesses impacted by bushfires

Australia's deadly bushfires have ravaged the country over the Christmas and New Years holiday period in an unprecedented way. At least 19 people have died, and at least 1400 homes have been destroyed in fires along the east coast and in South Australia. So bad have these bushfires been that the Federal Government has mobilised th...

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Blackbook.ai and IRIQ Law build AI legal advisor

Blackbook.ai and IRIQ Law build AI legal advisor

Like seeing the dentist, booking an appointment with a doctor, or finding time to get your computer fixed, hiring a lawyer is often pushed into the Too Hard Basket. Complicated legalese, the looming bills, and the simple fact of time often intimidate many into simply moving on with life despite there being a good chance that a lawyer coul...

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CannPal shares skyrocket on exclusive CSIRO commercialisation agreement

CannPal shares skyrocket on exclusive CSIRO commercialisation agreement

Commercialisation is on the cards for pet pharmaceuticals company CannPal (ASX: CP1) after the company signed a deal with the Commonwealth Scientific and Industrial Research Organisation (CSIRO). The agreement has seen the CSIRO grant CannPal the exclusive global rights to commercialise the patented MicroMAX microencapsulation technology ...

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Sprintlaw races ahead with $1.2 million capital raise for legal tech

Sprintlaw races ahead with $1.2 million capital raise for legal tech

What began as a bootstrapped project to transform legal services through automation has now successfully raised $1.2 million to fund further innovation. Founded in Sydney by Alex Solo (pictured left) and Tomoyuki Hachigo (pictured right) in 2017, online-based Sprintlaw has developed more than 100 custom-built intelligent bots to automate ...

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Experience Co to sell Great Barrier Reef Helicopters, Cairns Canyoning for $17.5m

Experience Co to sell Great Barrier Reef Helicopters, Cairns Canyoning for $17.5m

Shares in tourism company Experience Co (ASX: EXP) have been propelled higher today by the $17.5 million sale of Great Barrier Reef Helicopters (GBRH) and Cairns Canyoning, representing a major step in a strategy to divest non-core assets. The Cairns Canyoning business and assets have been sold back to the business operators, wh...

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