BioPak and Qantas launch first ever zero-waste flight

BioPak and Qantas launch first ever zero-waste flight

Environmentally friendly packaging company BioPak has partnered with Qantas to see the world's first zero-waste flight take off. Launching from Sydney and landing in Adelaide earlier today the flight saw BioPak take control of the plane's food packaging as part of a zero-waste trial. BioPak's compostable packaging will be ...

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Home diagnosis tech prepares IPO for US expansion

Home diagnosis tech prepares IPO for US expansion

What the introduction of the thermometer was to checking fevers, a new series of Australian-developed tools could be for diagnosing infectious diseases like the flu and tuberculosis (TB). Ellume managing director and founder Dr Sean Parsons is a clinician himself and has witnessed firsthand the capacity constraints at health facilities to...

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Brazilians launch $7 billion law suit on BHP for Mariana dam collapse

Brazilians launch $7 billion law suit on BHP for Mariana dam collapse

In what could be the largest claim in UK legal history over 200,000 Brazilians have launched a class action law suit against Australian mining group BHP Billiton (ASX: BHP). The law suit claims that the mining group 'knew of the risks' surrounding the deteriorating condition of a Brazilian dam in the years before its deadly collap...

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Carly vehicle subscription service launches in Melbourne

Carly vehicle subscription service launches in Melbourne

Following its successful launch in Sydney at the end of March as Australia's answer to Netflix for cars, Carly has launched in Melbourne. Carly is described as an alternative to buying or leasing a car, and instead has its users pay a monthly subscription fee to access a huge fleet of vehicles. From today, Melbourne's Carly su...

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InStyle Solar goes national with Costco partnership

InStyle Solar goes national with Costco partnership

One of Queensland's largest solar retailers and installers is about to broaden its horizons following an Australian-first solar deal. Big-box US retailer Costco has signed a deal with InStyle Solar that will see InStyle's products available to purchase via a kiosk in-store. While the initial plan is to have the kiosks installe...

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MGC Pharma sends first medical cannabis solution to the UK

MGC Pharma sends first medical cannabis solution to the UK

MGC Pharma (ASX: MXC) is one step closer to making its mark on the recently legalised medicinal cannabis market in Great Britain, with the announcement today the first shipment of its CannEpil solution has landed in the UK. The milestone follows an exclusive distribution agreement reached with Grow Biotech and IPS Specials, leaders in the...

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Your Money channel to shut down

Your Money channel to shut down

News channel Your Money will cease broadcasting in 10 days' time after joint venture partners found its revenue model was more difficult than envisioned and failed to meet expectations. The decision comes after just seven months of air time for the joint venture between Nine Entertainment (ASX: NEC) and News Corp (ASX: NWS) subsi...

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Retail Food Group backflips on use-by date extensions

Retail Food Group backflips on use-by date extensions

Following an exposé by The Sydney Morning Herald the parent company behind Michel's Patisserie has backflipped on its internal decision to extend use-by dates on food products. As reported by The SMH Retail Food Group (ASX: RFG) instructed Michel's franchisees to ignore expiry dates on packaging and adopt new shelf-life dat...

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Financial impact of LandMark White cyber attack revealed

Financial impact of LandMark White cyber attack revealed

The data beach of listed property valuation group LandMark White has hurt the company's revenue by up to $7 million. The company has revealed today the full extent of the breach on the group's bottom line, plus the significant cost of making sure this type of cyber-attack does not happen again. The company says the breach, whi...

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Westpac first half profit down $1 billion

Westpac first half profit down $1 billion

Westpac (ASX: WBC) has seen its profits dive in 1H19 thanks to major remediation and restructuring items. At the end of the half the group recorded a net profit of $3.2 billion, down 24 per cent on 1H18, with earnings down 22 per cent to $3.3 billion. The group says profits were hit by provisions for estimated customer refunds, repaym...

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Taxi drivers take on Uber in large scale class action

Taxi drivers take on Uber in large scale class action

It might be the biggest class action Australia has ever seen as Maurice Blackburn gears up to take on ride-sharing giant Uber. The law firm is acting on behalf of thousands of taxi, hire car, charger vehicle, and limousine drivers across the country to "hold Uber accountable for destroying their livelihoods". The case has be...

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How to protect your business from the threat of e-fraud

How to protect your business from the threat of e-fraud

Cash flow is the life blood of any business, but managing it can be difficult. According to Westpac and Deloitte, small businesses in Australia are spending up to one working day every week chasing invoices that's a lot of time. During that tunnel-vision slog, where business owners become buried headfirst in processes and manageme...

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Keybridge ditches takeover of underperforming Yowie

Keybridge ditches takeover of underperforming Yowie

Keybridge (ASX:KBC) has decided to not proceed with its proposed takeover of confectionary company Yowie (ASX:YOW). The company says that after considering Yowie's quarterly cashflow report, which Keybridge described as "disappointing", it will not pursue the takeover. Yowie reported a significant operating loss, a nearl...

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Acquisitions give Darrell Lea owners chunk of $1B healthy snack market

Acquisitions give Darrell Lea owners chunk of $1B healthy snack market

The owners of iconic Australian confectionery company Darrell Lea are capitalising on trends towards more frequent and healthier snacking, through the acquisition of eight brands in the growing market segment. RiteBite Group, an entity recently formed by Darrell Lea's Sydney-headquartered owner Quadrant Private Equity, last month purc...

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Australian businesses lose $7.2 million from email scams in 2018

Australian businesses lose $7.2 million from email scams in 2018

Email scams hit Australian businesses more than 5800 times in 2018, with losses exceeding $7.2 million according to the Australian Competition and Consumer Commission ('ACCC'). The ACCC's Targeting Scams report details how sophisticated email scams hit Australian businesses at a 53 per cent increase compared to 2017. This ...

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Melbourne tech startup A Cloud Guru raises $46M

Melbourne tech startup A Cloud Guru raises $46M

A fast-growing enterprise technology company specialising in online cloud computer training has completed one of the biggest funding rounds in Australia to date in 2019, with backing from domestic and US investors. A Cloud Guru (ACG) has successfully closed a growth equity investment of USD$33 million (AUD$46.8 million), led by US-ba...

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Anthony Catalano acquires Nine's regional media and printing business

Anthony Catalano acquires Nine's regional media and printing business

Anthony Catalano, the former CEO of Domain, has acquired Nine's (ASX: NEC) Australian Community Media ('ACM') and printing business for $115 million. The cash proceeds of the sale are expected to be around $115 million, subject to post completion adjustments of which $10 million will be paid in 12 months. Nine expects to use t...

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Slater & Gordon files class action against Vocus

Slater & Gordon files class action against Vocus

Disgruntled shareholders in Vocus Group (ASX: VOC) are taking legal action against the Australian telecommunications company over its FY17 earnings falling well short of guidance by around $64 million. Vocus today announced it had been served with a class action proceeding filed by Slater & Gordon (ASX: SGH) i...

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Zip Co revenue soars as new partners come on-line

Zip Co revenue soars as new partners come on-line

Shares in BNPL (buy now pay later) company Zip Co (ASX: Z1P) have surged higher today after the Sydney-based group reported a 20 per cent lift in revenue for the third quarter. Sentiment is also strong for the market darling with new partners like Chemist Warehouse, General Pants and Lorna Jane joining the platform, and the official ...

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Australia the world's fastest-growing medicinal cannabis market

Australia the world's fastest-growing medicinal cannabis market

A leading supplier of medicinal cannabis increased its Australian patient numbers by 27 per cent over a three-week period in April, representing 10 new patients every business day. In an interview with Business News Australia earlier this month, Althea Group (ASX: AGH) managing director and founder Josh Fegan said patient numbers were &qu...

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Record results for Freelancer as global expansion continues

Record results for Freelancer as global expansion continues

The world's largest freelancing and crowdsourcing marketplace Freelancer (ASX: FLN) achieved a record gross payment volume of $204.3 million in the first quarter, representing year-on-year growth of 25.6 per cent. In an announcement today, the company highlighted cash receipts also hit a record of $14 million after rising 15.8 per cen...

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McGrath veteran makes his return to the real estate giant

McGrath veteran makes his return to the real estate giant

McGrath (ASX: MEA) has acquired the business of an ex-veteran of McGrath for $2 million, representing the return of John McManus (pictured) back into his old company. McGrath has acquired McManus' real estate business, currently trading as LJ Hooker Willoughby/Artarmon, as part of the giant's expansion in the lower north shore of S...

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Indigenous honey enterprise abuzz after Star Entertainment deal

Indigenous honey enterprise abuzz after Star Entertainment deal

Star Entertainment Group (ASX: SGR) has committed to sourcing 'sugarbag' native honey from the local Aboriginal community on Stradbroke Island in Queensland, as part of a pilot trial that will be boosted to include 140 hives. Since November 2017, representing the island's traditional owners the Quandamooka Yoolooburrabee Abori...

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Australian domestic tourism continues to perform strong

Australian domestic tourism continues to perform strong

For nearly a decade now Australian domestic tourism has been a growing sector. Except for a little blip in 2009 Australians have been spending more and more every year on domestic travel and holidays. At the end of 2018 overnight spend from domestic tourists rose by 13 per cent to $72.7 billion. This is a growing sector showing no sig...

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Elixinol secures stake in US CBD pet products business

Elixinol secures stake in US CBD pet products business

Elixinol (ASX: EXL) has doubled down on the CBD pet products market by acquiring a 25 per cent stake in Altmed Pets (aka Pet Releaf), a leading US pet brand. Elixinol will pay Pet Releaf US$4.4 million in cash and US$1.9 million in Elixinol scrip for the chunk of the company. Pet Releaf is a pioneering company for hemp-derived CBD oil...

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One in three Aussies would trust a robot for financial advice

One in three Aussies would trust a robot for financial advice

With financial advice professionals licking their wounds following the Banking Royal Commission, it appears that now is the perfect time for a robot uprising. That is if you look to recent research which shows that 30 per cent of Australians would trust a robot to offer them financial advice. According to think tank Thinque this stati...

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"Take no action", Automotive Holdings urges shareholders after AP Eagers bid

"Take no action", Automotive Holdings urges shareholders after AP Eagers bid

A merger proposal involving two of Australia's leading car dealerships is revving up as boards seek to steer shareholders in opposing directions. Earlier this month AP Eagers (ASX: APE) made a scrip-for-scrip takeover bid for Automotive Holdings Group (ASX: AHG) which valued the smaller company at $635 million, but hype around the pro...

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Female board appointments stall for ASX 200 companies

Female board appointments stall for ASX 200 companies

The Australian Institute of Company Directors (AICD) has called the failure to reach an equality target "disappointing" with fewer than expected females appointed to ASX 200 boards in 2019. AICD today released the latest gender diversity statistics of Australia's ASX 200 companies, and progress appears to have stalled. F...

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Sales slide for Australia's largest listed cannabis company

Sales slide for Australia's largest listed cannabis company

Australian industrial hemp and medicinal cannabis company Elixinol (ASX: EXL) saw its revenue fall by 31 per cent quarter-on-quarter in the first three months of 2019, but the group has bounced back in April with a major US retail order. As the country's largest listed cannabis outfit with a market capitalisation of $639 million, Elix...

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Gilbert + Tobin optimistic following bumper year for mergers and acquisitions

Gilbert + Tobin optimistic following bumper year for mergers and acquisitions

Gilbert + Tobin are certainly no strangers to some of the largest Australian mergers and acquisitions (M&A). Most recently the company advised on the acquisition of business software company MYOB by KKR for $2 billion. So, when the firm says that the future is looking bright for M&A that's a fairly strong indication that t...

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