Bod secures first prescription for MediCabilis cannabis oil and new research partner

Bod secures first prescription for MediCabilis cannabis oil and new research partner

It has been a long time coming for listed medicinal cannabis player Bod Australia (ASX: BDA), but they've finally secured their first prescription. The company announced this morning that it has received its first prescription and required Special Access Scheme approvals for its MediCabilis cannabis oil product. The approval shoul...

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Darrell Lea gobbles up Heritage Fine Chocolates

Darrell Lea gobbles up Heritage Fine Chocolates

Darrell Lea has acquired confectioner Heritage Fine Chocolates in a move to satisfy its sweet tooth for new products and grow its footprint in Melbourne. The beloved chocolatier expects its "bold plans for manufacturing" will be easier to achieve following the acquisition which will create as many as 50 new jobs within the next ...

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Qantas' strong results defy Flight Centre's oil price fears

Qantas' strong results defy Flight Centre's oil price fears

Earlier this week travel agency Flight Centre's investors panicked for a range of reasons, with shares plummeting more than 10 per cent in a day. Flight Centre managing director Graham Turner warned that lower profits from Flight Centre's Australian business, coupled with rising oil prices hitting airfares, could negatively a...

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Misbehaving banking and finance leaders could face 10 years in jail

Misbehaving banking and finance leaders could face 10 years in jail

Amidst public outrage over the dodgy dealings revealed in the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services, the government is taking action. Treasurer Josh Frydenberg has today announced new legislation in the federal parliament to significantly crack down on the individuals behind major instituti...

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Wilson makes counter bid to run Blue Sky access fund

Wilson makes counter bid to run Blue Sky access fund

Less than a week after Blue Sky Alternative Investments (ASX: BLA) reached a deal for Pinnacle Investment (ASX: PNI) to manage its alternative access fund from the start of 2019, a new contender has come on the scene. In an announcement today, the group's $177 million Blue Sky Alternative Access Fund (ASX: BAF) informed sharehold...

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McGrath says sluggish property market to blame for earnings woes

McGrath says sluggish property market to blame for earnings woes

A slowing property market and dwindling auction numbers have put pressure on McGrath (ASX: MEA) during the first quarter. The real estate giant says auction clearance rates and the number of properties taken to auction are at levels "well below the previous year". Meanwhile, there has been an increase in stock on the market ...

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Megaport plugs in to new revenue growth streams

Megaport plugs in to new revenue growth streams

Megaport (ASX: MP1) has seen its revenue surge by almost a fifth in the first quarter on the back of new data centre partnerships and a dominant theme of US expansion. The company deployed its software defined networking (SDN) service in 13 new locations in the quarter of which nine were in the US, helping it leverage a first-mover advant...

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IMF Bentham calls $84m raising to seize litigation trends

IMF Bentham calls $84m raising to seize litigation trends

Global litigation funder IMF Bentham (ASX: IMF) is preparing to raise over $84 million to prepare for a range of opportunities presently in reach for the company. The listed company will conduct a fully underwritten institutional placement to raise $74.48 million, comprising an issue of 26.6 million new IMF ordinary shares. The group ...

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EVENT's German problem child offloaded for $358 million

EVENT's German problem child offloaded for $358 million

EVENT Hospitality & Tourism (ASX: EVT) has said auf wiedersehen to its chain of German cinemas after determining it to be a dead end at the end of FY18. The listed company behind QT resorts, Event Cinemas, and Thredbo Alpine Resorts today announced it has sold its German cinema chain CineStar for potentially $358 million. Vue Inte...

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Sentinel scoops up $23.3 million homemaker centre in Heatherbrae

Sentinel scoops up $23.3 million homemaker centre in Heatherbrae

Sentinel Property Group has purchased a homemaker centre just north of Newcastle for a cool $23.3 million. Anchored by Bunnings, the centre is in a high exposure location with Pacific Highway frontage at Heatherbrae. This facility will be the third addition to the Sentinel Homemaker Trust, which also includes City West Plaza at Sunshi...

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Terry White supports takeover offer from EBOS

Terry White supports takeover offer from EBOS

Over the last few years, Terry White has grown to become one of the largest Australian pharmaceutical chains in the country. Following its merger with Chemmart in 2016, Terry White is looking to grow even further by selling itself off to Australia's largest and most diversified marketer, wholesaler and distributor healthcare goods: EB...

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Localsearch helping rural businesses find calm among the chaos online

Localsearch helping rural businesses find calm among the chaos online

With so many digital products available these days, business owners can easily find themselves caught up in a tangled mess. Cutting through the saturated online market is a tough slog for any company, but especially those based in rural areas. Daniel Stoten, co-founder of Localsearch, spearheaded the company's transition to digita...

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Aussie cannabis company on the verge of milestone deal with Israel

Aussie cannabis company on the verge of milestone deal with Israel

While many Aussie cannabis companies have hunted for opportunities in Canada this week, Queensland Bauxite (ASX: QBL) is doing deals in other parts of the world. Historically a mining company, Queensland Bauxite made a name for itself as one of Australia's leading medical cannabis companies through its acquisitions of Medical Cannabis...

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Roger David enters administration, to close after Christmas

Roger David enters administration, to close after Christmas

76-year old retailer Roger David has entered administration citing a failure to keep up with the evolving global retail environment. The men's clothing chain, which has 57 stores nationwide employing over 300 staff will continue to operate into the Christmas retail period but its future is bleak. The chain has appointed KordaMenth...

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Looking for a fabulous place to celebrate the Melbourne Cup?

Looking for a fabulous place to celebrate the Melbourne Cup?

With the Melbourne Cup quickly approaching, securing the perfect venue is essential. Whether you fancy trying your luck in the sweeps, enjoying a glamourous luncheon with colleagues and friends or you are simply looking for a great excuse to put on your best dresses, suits and fascinators, these venues have something to offer ev...

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Supermarkets facing a potential royal commission following drought levy milk scandal

Supermarkets facing a potential royal commission following drought levy milk scandal

After Federal Agriculture Minister David Littleproud tore into supermarkets yesterday over a "disappointing" drought levy on in-house milk, members of the government are calling for a royal commission into Australian supermarkets. In parliament yesterday, Queensland Nationals MP Lew O'Brien said there is nearly enough outcry...

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Canada's marijuana legalisation a boon for Aussie companies

Canada's marijuana legalisation a boon for Aussie companies

While Australia may be known globally for its pioneering spirit in sectors like mining, medical research, water management and technology, our local cannabis industry is being cultivated as the next frontier for savvy entrepreneurs.  The incoming trend is no more apparent than the significant and serious investment Australian cannabi...

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Default deals parting blow to 360 Capital in NEXTDC saga over APDC

Default deals parting blow to 360 Capital in NEXTDC saga over APDC

Update: Since this story was published, APDC has advised that Bankwest confirmed its consent to pay the special distribution and the September quarterly distribution.  After already dropping its price to get the Asia Pacific Data Centre Group (APDC) saga over and done with, former majority shareholder 360 Capital may end up...

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Optus faces $10m in penalties for allegedly misleading customers

Optus faces $10m in penalties for allegedly misleading customers

The Australian Competition and Consumer Commission (ACCC) is looking to hit Optus with $10 million in penalties after the telco allegedly mislead customers in relation to its third-party billing service. The ACCC's investigation uncovered that from April 2014 Optus' third-party billing service (known as 'Direct Carrier Billing...

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NAB sets aside $314m for customer compensation

NAB sets aside $314m for customer compensation

NAB (ASX: NAB) is the latest bank to set aside a large swathe of cash to compensate its customers. In total, NAB will set aside $314 million for refunds and compensation for issues including adviser services fees and plan service fees. As part of the compensation, $53 million is related to discontinued operations. The costs associ...

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NEXTDC completes takeover of APDC Group

NEXTDC completes takeover of APDC Group

The long-running battle for control of Asia Pacific Data Centre (APDC) has come to an end with NEXTDC announcing it has completed its takeover of the data centres. NEXTDC now has control of 97 per cent of the securities in APDC, paying $2 per security for the remaining shares on offer. As a result of having an interest in APDC of over...

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MGC Pharma gets green light for cannabis-based epilepsy drug

MGC Pharma gets green light for cannabis-based epilepsy drug

Listed medicinal cannabis company MGC Pharma (ASX: MXC) has reached another milestone in its mission to become a world-leading pharma company with the release of its new epilepsy drug. Called CannEpil, the drug is now available for supply in Australia through specialist prescribers under the Authorised Prescriber Scheme. Authorisation...

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Slater & Gordon launches 'Get Your Super Back' class action against Commonwealth Bank

Slater & Gordon launches 'Get Your Super Back' class action against Commonwealth Bank

Law firm Slater & Gordon (ASX: SGH) believes it could recoup more than $100 million for thousands of superannuation members through a recently launched class action against Commonwealth Bank (ASX: CBA) and its subsidiary Colonial First State. Slater & Gordon says this is the first class action of its 'Get Your Super ...

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Centuria snaps up $521m in office properties

Centuria snaps up $521m in office properties

Real estate trust Centuria Metropolitan REIT (ASX: CMA) has entered unconditional agreements to acquire $520.9 million worth of office properties in Melbourne, Brisbane and Sydney from Texan outfit Hines Global. CMA will spend $500.9 million on the four properties with a $20 million contribution from affiliated entity Centuria Capital Gro...

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Meet MaMilk: the innovative new Australian hemp milk

Meet MaMilk: the innovative new Australian hemp milk

One year on from the legalisation of hemp in food products the sector is showing signs of innovation. Currently, health food stores and supermarkets only have a few options when it comes to hemp-based foods (you've probably seen bags of raw materials and a few infused drinks floating around). True innovation in the sector will com...

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MNF Group acquires spare parts of Inabox Group for $30m+

MNF Group acquires spare parts of Inabox Group for $30m+

Communications specialists MNF Group (ASX: MNF) have acquired certain parts of Inabox Group's (ASX: IAB) sprawling business. The agreement, worth between $30.5 and $33.5 million depending on how earn out conditions are met, will see MNF acquire the wholesale and enablement businesses from Inabox Group. The business being acquired ...

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LandMark White offers $10.3m for Taylor Byrne

LandMark White offers $10.3m for Taylor Byrne

LandMark White (ASX: LMW) continues its consolidation push in property valuation with a $10.3 million cash and scrip takeover bid for Taylor Byrne, a Brisbane-based company with 25 offices nationwide. The move comes just over a year after the Sydney-headquartered group acquired another rival MVS for $35 million. LMW has offered Taylor...

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Listed healthcare companies team up for cannabidiol skin care products

Listed healthcare companies team up for cannabidiol skin care products

Two listed health and skin care companies have entered into a partnership to develop a range of natural cannabidiol skin care products. Skin Elements Limited (ASX: SKN) and Affinity Energy and Health Limited (ASX: AEB) have entered into a memorandum of understanding (MoU) to pursue the application of Affinity's algae biomass and oils,...

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NEXTDC launches $200m takeover bid for remaining APDC shares

NEXTDC launches $200m takeover bid for remaining APDC shares

Data centre operator NEXTDC (ASX: NXT) is on track to putting a property stoush to bed after striking a deal with Asia Pacific Data Centre Group ('APDC') (ASX: AJD) to buy the remaining 70.8 per cent of shares in the company for around $200 million. The offer represents a 7 per cent premium at $2 per share, but in total is $100 mi...

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Shine's class actions division grows with acquisition of ACA Lawyers

Shine's class actions division grows with acquisition of ACA Lawyers

Listed law firm Shine Corporate (ASX: SHJ) will spread its class action division further into New South Wales with the acquisition of ACA Lawyers. ACA Lawyers are a specialist class action firm, with expertise in litigation and dispute resolution. Shine's acquisition was effective from the 1st October, and the firm says it will be...

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