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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Aussie cannabis blooms in Asia as THC paves inroads with Malaysian Government

Aussie cannabis blooms in Asia as THC paves inroads with Malaysian Government

Sydney-based medical cannabis grower and manufacturer THC Global (ASX: THC) is buddding in Asia through a new partnership with Malaysian bio-tech company Heleogenics. Through the partnership, THC's main goal is to liaise with the Malaysian government and push for its legalisation of medicinal cannabis as well as the development of pol...

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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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Maurice Blackburn is coming at Lendlease with potential class action

Maurice Blackburn is coming at Lendlease with potential class action

Australian class action law firm Maurice Blackburn is investigating a potential shareholder class action against Lendlease Group (ASX: LLC) after the construction group allegedly misled the market. The investigation arises from alleged misleading behaviour from Lendlease who Maurice Blackburn say failed to adequately disclose the long-run...

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CSR divests Viridian Glass facility for $66 million

CSR divests Viridian Glass facility for $66 million

A Viridian Glass logistics facility in Ingleburn has been sold by parent CSR Limited for $66.3 million. Previously owned by CSR and leased to Viridian Glass until 2028 the facility spans more than 34,000sqm and is just 14km from the Moorebank Intermodal Terminal. CBRE's Jason Edge, who negotiated the sale process on behalf of CSR ...

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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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Dexus completes total acquisition of Sydney's MLC Centre

Dexus completes total acquisition of Sydney's MLC Centre

One of Sydney's most iconic business towers has come under the complete ownership of Dexus (ASX: DXS) today. The listed real estate group today announced the settlement of the acquisition of the remaining 50 per cent of the MLC Centre it did not already own for $800 million. Dexus and Dexus Wholesale Property Fund now own 25 per c...

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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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Charter Hall buys Rockdale Plaza for $142M

Charter Hall buys Rockdale Plaza for $142M

Capping off its hunt for a high-performing convenience asset, Charter Hall Retail REIT (ASX: CQR) has entered an agreement to buy south Sydney's Rockdale Plaza for $142 million. Charter Hall Retail will undertake a fully underwritten $150 million institutional placement to fund the acquisition and will also complete a non-underwritten...

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Bubs acquires Melbourne dairy producer for $35M

Bubs acquires Melbourne dairy producer for $35M

Infant formula producer Bubs (ASX: BUB) is making yet another bold move, acquiring a Melbourne dairy producer for $35 million. Bubs will purchase Australian Deloraine Dairy for $25 million in cash plus $10 million worth of Bubs shares. If certain performance targets are met there will be further payments of up to $15 million to the De...

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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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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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