Uber comes out on top in Fair Work investigation

Uber comes out on top in Fair Work investigation

The results of an investigation conducted by the Fair Work Ombudsman is sure to have Uber smiling, with the watchdog confirming that Uber is not an "employer" in the traditional sense. The investigation was launched to determine whether Uber's Australian operations could be considered as that of an employer, the natural resu...

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LandMark White suspended from trading for the second time this year

LandMark White suspended from trading for the second time this year

Listed property valuer LandMark White (ASX: LMW) has been suspended from trading on the ASX following a second data breach of company documents. This suspension is the second this year for LMW which is attempting to repair its reputation with key banking clients. Following the second data breach, which was announced at the end of June...

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Creso Pharma to be acquired for $122 million by Canadian company

Creso Pharma to be acquired for $122 million by Canadian company

Australian medicinal cannabis company Creso Pharma (ASX: CPH) has announced that it has entered an agreement to be acquired by a PharmaCielo for $122 million. PharmaCielo is a cannabis group listed on Canada's TSX Venture Exchange, with a market capitalisation of $675 million. The Canadian company is the parent of the largest cann...

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Are businesses taking the threat of cybercrime seriously?

Are businesses taking the threat of cybercrime seriously?

The news that Australian National University suffered from a massive hack, seeing 19 years of data stolen made headlines earlier this week. According to the ABC names, addresses, dates of birth, phone numbers, personal email addresses and emergency contact details, tax file numbers, payroll information, bank account details, and passport ...

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Australian Family Lawyers to make ASX debut this week

Australian Family Lawyers to make ASX debut this week

A backdoor listing of Australian Family Lawyers (ASX: AFL) has been approved by the stock exchange with trading expected to begin on Friday this week. Founded by Edward Finn in 2015, the law firm aims to disrupt the conventional wisdom of relationship-driven business development in the legal profession, instead opting for an approach...

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LandMark White in trading halt as banks head for the exits

LandMark White in trading halt as banks head for the exits

Property valuer LandMark White (ASX: LMW) is in a trading halt while it works out how to deal with being suspended by major clients following the group's second data breach this year. The group announced on Tuesday evening that three of the four major banks, plus other financial institutions, have temporarily suspended instructions to...

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LiveTiles launches AI-driven data security solution with Microsoft

LiveTiles launches AI-driven data security solution with Microsoft

Within weeks of becoming a launch partner for Microsoft's SharePoint home sites, Australian-founded LiveTiles (ASX: LVT) has announced the launch of a new security platform for the Office 365 platform. The company's new AI-driven, data-centric security solution has been launched in conjunction with Nucleus Cyber, following a ...

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McGrath acquires Sydney real estate business

McGrath acquires Sydney real estate business

Listed real estate group McGrath (ASX: MEA) has acquired Sydney Sotheby's International Realty - CBD and Pyrmont for $1.6 million. Owned previously by Richard Shalhoub (pictured), the company is a sales agent in the NSW capital's CBD and northern CBD harbourfront markets. The deal will be settled in cash by the beginning of Ju...

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Hemp licences granted to Murray River Organics and Althea

Hemp licences granted to Murray River Organics and Althea

Two ASX-listed companies have received regulatory breakthroughs today after receiving hemp cultivation licences by Agriculture Victoria. Shares in Murray River Organics (ASX: MRG) and Althea (ASX: AGH) rose by around 6.4 per cent and 10.2 per cent respectively in early trading. The licence, formally known as an 'Authorit...

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Swedish suitor loses interest in Vocus

Swedish suitor loses interest in Vocus

Shares in internet service provider Vocus (ASX: VOC) fell almost 15 per cent at market opening this morning after Swedish company EQT decided to scrap its $3.3 billion takeover offer for the company. On 27 May EQT made a non-binding bid at $5.25 for the Melbourne-based group which owns the iPrimus and Dodo brands, representing a 35 per ce...

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Ousted Smiles Inclusive founder escalates vote tampering claims

Ousted Smiles Inclusive founder escalates vote tampering claims

The founder of Smiles Inclusive (ASX: SIL) has made it clear he will not go quietly, with continued allegations there were voting irregularities at the EGM where he and former chairman David Herlihy were removed from the board.  Last week the embattled Gold Coast-based dental company, whose shares have fallen 85 per cent since O...

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ASIC charges former Octaviar CFO with fraud

ASIC charges former Octaviar CFO with fraud

Just two years after he was banned from managing a corporation and ordered to pay $205 million to aggrieved shareholders in a failed fund, former Octaviar CFO David Anderson has been charged with 26 counts of fraud. As a publicly listed company with interests in the financial services, travel, leisure and childcare sectors, Gold Coas...

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Coca-Cola sells SPC for $40 million

Coca-Cola sells SPC for $40 million

Coca-Cola Amatil (ASX: CCL) has sold its SPC fruit and vegetable processing business to Shepparton Partners Collective for $40 million. The company will pocket an expected $10 million to $15 million profit as a result of the sale, after taking into account the costs of disposal. The sale is expected to be completed by the end of June ...

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Bod to supply medicinal cannabis for a PTSD trial

Bod to supply medicinal cannabis for a PTSD trial

Listed medicinal cannabis healthcare company Bod Australia (ASX: BDA) will supply its cannabis extract, MediCabilis, to sufferers of Post Traumatic Stress Disorder (PTSD) in a landmark trial. Research partner Cannabis Access Clinics is facilitating the trial looking into how medicinal cannabis can treat symptoms of the psychological disor...

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LandMark White details second data breach in six months

LandMark White details second data breach in six months

Listed property valuer LandMark White (ASX: LMW) has revealed details of another data breach, the second in the last six months for the company. The group says company documents were posted to US file sharing platform SCRIBD on Wednesday 29 May 2019 by an individual known to LandMark White. LMW has taken steps to request these documen...

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Althea launches medicinal cannabis prescriber platform in the UK

Althea launches medicinal cannabis prescriber platform in the UK

Following the success of its prescriber platform in Australia, listed cannabis company Althea (ASX: AGH) has launched a similar set-up in the United Kingdom. Called Althea Concierge UK the medical education platform, first launched in Australia in September 2018, provides clinical evidence for healthcare professionals looking to prescribe...

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People Infrastructure buys Halcyon Knights for $13.5M

People Infrastructure buys Halcyon Knights for $13.5M

Brisbane-based workforce management tech company People Infrastructure (ASX: PPE) remains on the expansion path after announcing a $13.5 million acquisition of Halcyon Knights. The incorporation of the IT recruitment leader, with 55 staff and operations in Melbourne, Sydney, New Zealand and Singapore, is expected to be significantly earni...

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Thorn Group fights for survival following 676 per cent nosedive

Thorn Group fights for survival following 676 per cent nosedive

Thorn Group (ASX: TGA) has reported a statutory net loss after tax of $14.9 million for the 2019 financial year, casting doubt on whether it will exist in the foreseeable future. The loss marks a staggering 676 per cent drop from FY18 and is well below guidance issued on 1 April 2019, which foreshadowed a loss of only $8 million. The ...

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Jetstar fined $1.95 million for misleading customers about refunds

Jetstar fined $1.95 million for misleading customers about refunds

Australian airline Jetstar has been forced to pay $1.95 million in penalties for making misleading representations about refunds and customer rights on its website. The Federal Court found that the Qantas (ASX: QAN) subsidiary made false or misleading statements about customer rights on its website between April 2017 and March 2018. S...

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Maurice Blackburn launches class action against AMP

Maurice Blackburn launches class action against AMP

The long-awaited class action against AMP is now live, with law firm Maurice Blackburn at the helm. The firm, which won the right to bring the class action against AMP last week, is seeking compensation for AMP superannuation fund members allegedly hit by "unreasonable" fees. The case arises from evidence presented at the Ro...

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The INDIGO subsea cable is ready to be deployed

The INDIGO subsea cable is ready to be deployed

The nearly 10,000km long subsea INDIGO subsea cable connecting Australia and South East Asia is now complete and ready for use. Consortium members can now use the Internet connectivity cable that stretches 4,600km from Singapore to Perth and another 4,600km from Perth to Sydney. AARNet, Google, Indosat Ooredoo, Singtel, SubPartners an...

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Oliver's on track to black after founder returns

Oliver's on track to black after founder returns

Oliver's Real Food (ASX: OLI) appears to have everything back in place following the return of its founder to the role of CEO in March. The company was in dire straits before the return of founder Jason Gunn (pictured). Shares were nosediving, profits were slashed, and the company was bleeding out cash. But it looks as if the grou...

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GetSwift shares back on deck after trading lockdown

GetSwift shares back on deck after trading lockdown

A clarification has seen GetSwift shares fall back down to earth by more than 10 per cent in afternoon trading.  Shares in GetSwift (ASX: GSW) are trading once more after the logistics group responded to ASX concerns over an undisclosed partnership with a Kuwaiti fast food company. Trading was suspended for the embattled tec...

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Get creative landlords: CBD retail supply hits new high

Get creative landlords: CBD retail supply hits new high

Real estate agency CBRE says retailers must harness creativity and innovation if they are to increase their wallet share, while landlords need to recalibrate their offerings in response to changing market conditions. The company's Q1 Retail MarketView found 65,000sqm of new CBD retail supply is slated nationally in 2019, representing ...

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Medlab enters new deal to distribute cannabis spray for cancer pain

Medlab enters new deal to distribute cannabis spray for cancer pain

Australian cannabis company Medlab (ASX: MDC) has entered its second partnership in three months for distributing its cannabis-based spray NanaBis, after securing a heads of agreement with Thai pharmaceutical group Mega Lifesciences. The agreement means Mega will be able to distribute the drug in "parts of South America", a...

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Blue Sky breakaway fund wants Wilson to take the reins

Blue Sky breakaway fund wants Wilson to take the reins

After confirming its solvency and separation from its former parent company now in receivership, Blue Sky Alternatives Access Fund (ASX: BAF) is now taking steps to change its management and cut ties to the mothership once and for all. In a letter to shareholders today, BAF chairman Michael Cottier (pictured) said a proposal wou...

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Vocus receives $3.3 billion takeover offer

Vocus receives $3.3 billion takeover offer

Internet service provider Vocus (ASX: VOC) has received a non-binding $3.3 billion takeover bid from private equity firm EQT Infrastructure. The proposal would see EQT acquire all shares in Vocus for $5.25 per share, representing a significant premium to last Friday's closing price of $3.89. The Vocus board has granted the bidder ...

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Suncorp CEO resigns

Suncorp CEO resigns

Insurance and banking company Suncorp (ASX: SUN) has announced CEO and managing director Michael Cameron will be stepping down. In his four years in the role and seven years on the board, Cameron is credited with leading a significant digital transformation for Suncorp and navigating the business through a period of unprecedented regulato...

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Canva user data exposed in large scale hack

Canva user data exposed in large scale hack

Australian design tool Canva has been hacked, exposing sensitive user data. Yesterday the startup confirmed a number of usernames and email addresses were accessed as part of the hack which occurred on Friday, May 24. According to Canva, passwords were obtained in their encrypted form, meaning they remain unreadable for external parti...

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TPG and Vodafone to fight for merger in Federal Court

TPG and Vodafone to fight for merger in Federal Court

Telecommunications companies TPG Telecom (ASX: TPG) and Vodafone Hutchison Australia are going to court over the competition watchdog's rejection of their $15 billion merger. Earlier this month the Australian Consumer and Competition Commission (ACCC) announced it would block the deal on the grounds it would lessen competition. Th...

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