TPG beats guidance despite NBN rollout 'eroding' profit

TPG beats guidance despite NBN rollout 'eroding' profit

Internet and mobile phone service provider TPG Telecom (ASX: TPM) saw its margins decline in FY18 as broadband subscribers moved to NBN bundles, pushing net profit after tax (NPAT) down 4 per cent to $396.9 million. However, underlying NPAT rose 3.6 per cent to $432.6 million and EBITDA ended up $41 million higher than FY18 forecasts made...

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Elixinol is the latest Australian cannabis company to list on US stock exchange

Elixinol is the latest Australian cannabis company to list on US stock exchange

Australian cannabis player Elixinol (ASX: EXL) is the second company in as many weeks to list on a specialised United States stock exchange. The business, which operates in the industrial hemp, dietary supplements and emerging medicinal cannabis sectors, will list on the OTCQX market under the symbol ELLXF. Trading on the OTCQX will o...

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Aussie drone defender to join international 'Night Hawk' military exercise

Aussie drone defender to join international 'Night Hawk' military exercise

Sydney-based drone defence company DroneShield (ASX: DRO) has been selected by Danish Special Operations Command to participate in the annual international 'Night Hawk' initiative. DroneShield will take part in the major military training exercise which is run annually by the North Atlantic Treaty Organisation (NATO).and atte...

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Aged care providers tank in wake of royal commission announcement

Aged care providers tank in wake of royal commission announcement

After Prime Minister Scott Morrison announced a royal commission into Australia's aged care system the preeminent providers of the service on the ASX saw their shares take a tumble. At 12.20pm AEST Aveo is down 4.28 per cent to $2.16, Estia is down 18.3 per cent to $2.41 per share, Japara is down 14 per cent to $1.44, and Regis Health...

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ANTG forms partnership to export Aussie cannabis to Germany

ANTG forms partnership to export Aussie cannabis to Germany

As the global cannabis market continues to expand at a serious pace, Aussie cannabis companies are reaching out globally to form a powerhouse export market. Australian Natural Therapeutics Group (ANTG)  has recently announced a partnership that will allow it to export its cannabis for German patients. In partnership with Cannamed...

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ASIC to take second bite of the pie in ANZ cartel scandal

ASIC to take second bite of the pie in ANZ cartel scandal

Back in June, ANZ, Citigroup, and Deutsche Bank got caught up in a widely publicised scandal relating to alleged criminal cartel charges. The Australian Securities and Investments Commission laid charges against the banks and several senior personnel from each of the financial institutions. Today, ASIC has once again gone after ANZ fo...

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Confidence in crisis: Overcoming collateral damage after strawberry needle disaster

Confidence in crisis: Overcoming collateral damage after strawberry needle disaster

The Scurr family and their company Piñata Farms have invested substantial sums to develop some of Australia's most advanced strawberry operations, including high-tech hydroponic substrate farming, new varieties and even metal detectors in the packhouse. But the latter was done to avoid stray rocks or jewellery, not needles like...

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Yellow Brick Road revives $300m facility hopes with new bank

Yellow Brick Road revives $300m facility hopes with new bank

Financial services company Yellow Brick Road (ASX:YBR) is paving the way for a long-desired securitisation programme as negotiations for a $300 million loan facility get back on track. In late August the group's negotiations with a big four bank were short-lived, but yesterday chairman Mark Bouris announced YBR had entered an exc...

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Why emotions are the secret weapon for successful leadership

Why emotions are the secret weapon for successful leadership

In business there is a saying- 'it's more important to think with your head than your heart'.

But, as modern research shows, this statement couldn't be further from the truth.

Professor Neal Ashkanasy of The University of Queensland Business School has built an academic career in the field of organisational beha...

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The paradox of choice. Why made-to-order might not solve the fashion industry's problems

The paradox of choice. Why made-to-order might not solve the fashion industry's problems

How could you go from winning awards for "Store Design of The Year" and "Best Shoe Ever" to selling nothing? In 2009 the Australian startup Shoes of Prey set out to make exactly the shoes its customers wanted. Customers could pick the designs, sizes and exact specifications, and Shoes of Prey would deliver exactly what...

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Step down or face shareholder revolt, Solomon Lew urges Myer chairman

Step down or face shareholder revolt, Solomon Lew urges Myer chairman

Myer's (ASX: MYR) leading shareholder has demanded chairman Garry Hounsell "step down immediately" after the retailer reported a net loss in FY18 that is almost $130 million larger than its market capitalisation. Premier Investments Limited has been consistently railing against the Myer board's decisions over the past ye...

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Shock claims backfire on Alan Jones in largest defamation payout in Aussie history

Shock claims backfire on Alan Jones in largest defamation payout in Aussie history

Controversial radio star Alan Jones has failed to defend the defamatory claims he made surrounding the 2011 Grantham floods, resulting in Australia's largest ever defamation payout of $3.75 million in damages. The Sydney shock jock and broadcaster for 2GB and 4BC radio was found to have defamed the Wagner family over 27 broadcasts mad...

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Another "disappointing" result for Myer as profits slide

Another "disappointing" result for Myer as profits slide

"These results are obviously disappointing and shareholders deserve better," says Myer CEO John King. One of Australia's biggest retail brands has reported a 52 per cent plunge in profit for a financial year marked by shareholder indignation at a disappointing discount program that failed to deliver results. The bottom l...

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Top 25 Australian startups revealed

Top 25 Australian startups revealed

With a wealth of data at their fingertips, LinkedIn has released its list of "the most sought after startups in Australia", and it's certainly a prestigious list. To be eligible for for the list, compnaies must be seven years old or younger, have at least 50 employees, and be privately held and headquatered in Australia. ...

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AusCann lists on US stock exchange to boost international operations

AusCann lists on US stock exchange to boost international operations

One of Australia's leading listed cannabis companies has jumped across the Pacific to list on one of America's leading stock exchanges. AusCann Group (ASX: AC8) has commenced trading on the US OTCQX Market under the stock symbol ACNNF. The OTCQX is an investor-focused US market featuring US and global companies. To qualify for...

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Slater and Gordon announces all-out attack on banks to get your super back

Slater and Gordon announces all-out attack on banks to get your super back

Slater and Gordon is launching a full-on assault on Australia's financial institutions in a campaign to secure more than one billion dollars in super from the banks. Their campaign is called Get Your Super Back and it is shaping up to be an intensive, lengthy, and expensive battle. "Slater and Gordon will take on the banks on...

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Maurice Blackburn launches $100 million class action at Woolworths

Maurice Blackburn launches $100 million class action at Woolworths

Grocery giant Woolworths (ASX: WOW) is staring down a class action potentially worth $100 million launched by law firm Maurice Blackburn. Maurice Blackburn is alleging that Woolworths mislead shareholders in 2015 by affirming a profit guidance that could not be met without adversely affecting its competitiveness. The listed grocery gi...

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Medlab given green light to export cannabis

Medlab given green light to export cannabis

Earlier this year Medlab (ASX: MDC) raised $24 million to bring its cannabis-based medicine to the market. Now, the company has been given the green light to export its buccal spray products NanaBis and NanaBidial overseas. NanaBis is used as an alternative to opioids in the treatment of cancer related pain, while NanaBidial is used t...

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APDC and NEXTDC Supreme Court stoush dissolves

APDC and NEXTDC Supreme Court stoush dissolves

The short-lived legal battle between data centre operators NEXTDC (ASX: NXT) and Asia Pacific Data Centres ('APDC') (ASX: AJD) has come to an end. The Supreme Court of New South Wales legal proceedings, lodged against NEXTDC by APDC, have come to a quiet ending as the judge decided to not make any declarations. This determinat...

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NAB to forgive Funtastic debts following capital injection

NAB to forgive Funtastic debts following capital injection

While the demise of Toys R Us certainly took its toll on Funtastic (ASX: FUN), the toy manufacturer now aims to recoup its edge. Funtastic announced on Monday that it has entered a trading halt, pending a capital raising round which the company says will pay down all its debts to the National Australia Bank (NAB). An $8.2 million inst...

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Evans Dixon acquires Fort Street to launch new division

Evans Dixon acquires Fort Street to launch new division

Sydney-based stockbroking and financial advisory business Evans Dixon (ASX: ED1) will expand its operations following the acquisition of Fort Street Advisors. The deal, worth 14.3 million shares in Evans Dixon and $23.4 million in cash, will form the basis of a new corporate & institutional division at the company. The new divisio...

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Saturated market? Opportunities abound, just ask former Swisse boss Radek Sali

Saturated market? Opportunities abound, just ask former Swisse boss Radek Sali

It has now been almost three years since vitamins company Swisse Wellness was sold for $1.67 billion to a Hong Kong company, giving entrepreneur Radek Sali a healthy supplement of around $250 million from the sale. It's enough money to make time the Australian businessman's most precious asset as he looks for new opportunities thr...

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Game over for Emanuel Exports subsidiary

Game over for Emanuel Exports subsidiary

Within weeks of Perth-based livestock shipper Emanuel Exports losing its licence following outrage over animal cruelty on the Awassi Express voyage, its subsidiary EMS Rural Exports has now been dealt a similar blow. In a release published yesterday, the Department of Agriculture and Water Resources (DAWR) described EMS' cancella...

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Yellow Brick Road rejects takeover, talks up bidding war

Yellow Brick Road rejects takeover, talks up bidding war

Financial services group Yellow Brick Road (ASX:YBR) has urged shareholders to reject a $25.4 million takeover bid by corporate raider Sir Ron Brierley, while indicating that a potential bidding war could be on the horizon for the company. In a letter to shareholders, the Mark Bouris-led group argues that the offer from Mercantile Investm...

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Zelda secures partnership to crack the German medicinal cannabis market

Zelda secures partnership to crack the German medicinal cannabis market

With the medicinal cannabis movement expanding globally, Australian pharmaceutical group Zelda Therapeutics (ASX: ZLD) are riding the wave not just at home but abroad too. On Tuesday, the company announced a partnership with German medicinal cannabis company HAPA Medical that provides HAPA with first rights to distribute and manufacture Z...

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CannPal steps up testing of cannabis drug for pets

CannPal steps up testing of cannabis drug for pets

After successfully testing its cannabis-derived pain formulation on a group of Beagles and Foxhounds, CannPal Animal Therapeutics (ASX:CP1) has begun a new phase of its study into determining safe dosages for pets. CannPal declared the Phase 1A pharmacokinetic and safety study for the CPAT-01D formula a success after testing of 11 dogs sh...

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The Agency yet to turn a profit after doubling revenue

The Agency yet to turn a profit after doubling revenue

A solid pace of real estate agent recruitments and acquisitions has led to a near doubling of sales revenue for The Agency (ASX:AU1), but one-off set up costs continue to impact the tearaway group which posted a marginally higher bottom-line loss for FY18. The Agency, formed two years ago by a handful of McGrath's (ASX:MEA) top agents...

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Retail Food Group tops off horror year with $306m loss

Retail Food Group tops off horror year with $306m loss

Embattled franchise operator Retail Food Group (ASX:RFG) capped off a horror year by posting a $306.7 million bottom-line loss and revealing it remains at 'significant risk' of breaching debt covenants over the next 12 months.

The loss, the first time the Gold Coast-based company has plunged into the red in any financial year as ...

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Sydney's 'Tinder for brands' poised to dominate overseas

Sydney's 'Tinder for brands' poised to dominate overseas

In the three and a half years since Jessica Ruhfus founded Collabosaurus her disruptive platform has attracted a considerable amount of attention. Lovingly dubbed as 'Tinder for brands', Collabosaurus has dramatically changed the role of marketing experts in Australia. The platform, which works by matching up complementary bra...

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Why your business needs to capitalise on Australia's fastest growing food movement

Why your business needs to capitalise on Australia's fastest growing food movement

It's the food movement that goes by many names. Whether you call it plant-based or cruelty-free, the vegan movement is more than just a quick trend; it's certainly here to stay. In the last year, over nine million Americans went vegan and Australia became the fastest growing vegan market in the world. But still, many food and ...

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