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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More than 50 new Taco Bell stores to open around Australia

More than 50 new Taco Bell stores to open around Australia

It's a staple of the American diet, and soon more of Australia will get to bite into a burrito from the world-famous Taco Bell. The operator of Taco Bell in Australia, Collins Foods (ASX: CKF), has announced it will be opening more than 50 new Taco Bell restaurants across multiple states in Australia in 2019. The rollout process w...

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GO1: The tech tiger that changed its stripes

GO1: The tech tiger that changed its stripes

With financial backing from the likes of Steve Baxter, SEEK, Oxford University and Y Combinator in Silicon Valley, e-learning company GO1 has helped provide workplace training to more than a million people globally with its aggregated online service. And its founders aren't even 30 yet. Vu Tran (pictured left) and Andrew Barn...

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To infinity and beyond: Inside Australia's "space renaissance" and the entrepreneurs driving it

To infinity and beyond: Inside Australia's "space renaissance" and the entrepreneurs driving it

When James and Adam Gilmour were kids, they didn't necessarily have any wild dreams of one day becoming astronauts. But, now that the brothers are all grown up, these days you'd be lucky to find a more enthusiastic pair of stargazers. James and Adam are the engineers and entrepreneurs behind Gilmour Space Technologies, a compa...

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Max Brenner enters voluntary administration

Max Brenner enters voluntary administration

Decadent chocolatier Max Brenner has announced it has gone into voluntary administration. The dessert chain cited rising costs and tough retail landscape as the reason behind the decision. McGrathNicol has been appointed as administrated to undertake a review of the business, with a meeting of creditors to occur within the coming days...

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Vicinity sells 10 centres for $573m to SCA Property Group

Vicinity sells 10 centres for $573m to SCA Property Group

SCA Property Group (ASX: SCP) will become Australia's leading owner and manager of convenience-based shopping centres after picking up 10 assets from Vicinity Centres (ASX: VCX) for $573 million. The sale forms part of Vicinity's plans to divest non-core sub-regional and neighbourhood shopping centre assets as it shifts attention ...

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Gig Economy: Discover the movers and shakers in freelance job postings

Gig Economy: Discover the movers and shakers in freelance job postings

Copy typing, javascript and creative skills saw the sharpest growth on Freelancer.com in the third quarter, while gigs in maths, statistics, algorithms and report writing dropped off.  Jobs relating to website development and internet applications were among the highest growth categories in the three months to September on Freelancer...

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ASX riding 'high' on new cannabis deals, acquisitions and developments

ASX riding 'high' on new cannabis deals, acquisitions and developments

With Canada fast outpacing the world in the cannabis industry, and the United States hot on its northern neighbour's heels, it's little wonder Australian companies are looking to North America to strike up lucrative deals. Melbourne based nasal respiratory company Rhinomed (ASX: RNO) has locked down a 12-year exclusive licensing a...

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ACCC to investigate big four banks over currency mark-up

ACCC to investigate big four banks over currency mark-up

The inquiry will seek to understand why Australia is the third most expensive G20 country to send money from. Australia's competition and consumer watchdog has launched an investigation into the currency conversion mark-ups and transaction fees that make overseas business, travel and remittances more challenging in Australia than in m...

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Royal Commission publishes interim report on banking misconduct

Royal Commission publishes interim report on banking misconduct

The Financial Services Royal Commission has published its highly anticipated interim report into misconduct in the finance industry, but discussions around superannuation and insurance will have to wait until the final report that's due by February next year. Covering issues ranging from consumer and SME lending to financial advi...

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How Samsung's new program will help bring your side-hustle to life

How Samsung's new program will help bring your side-hustle to life

For many Aussies, having a second job or a side-hustle is the new way of life. While clocking in from nine to five might be a way to pay the bills, the side-hustle is a way for aspiring entrepreneurs, innovators and creatives to make a bit of extra coin by doing what they love. Recognising this significant portion of the population, S...

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Two Aussie companies go guns blazing into eSports, secure lucrative global deals

Two Aussie companies go guns blazing into eSports, secure lucrative global deals

With a combined fanbase of 380 million worldwide that grew 13 per cent in 2018 alone, there's little doubt eSports has now shot into the mainstream. Two Aussie companies, Swift Networks (ASX: SW1) and Emerge Gaming (ASX: EM1), have joined the global phenomenon and are edging further into the world's fastest growing sport through t...

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Airbus confirms commitment to Australia's space industry

Airbus confirms commitment to Australia's space industry

It's been a long time coming, but Australia's space industry is finally ready for lift-off. The latest bit of positive news for the sector is the receipt of a statement of intent from European manufacturing giant Airbus to continue developing its high-tech projects in the country. Executive vice president space systems at Airb...

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Slater and Gordon launches class action against NAB, MLC for "worthless" credit card insurance

Slater and Gordon launches class action against NAB, MLC for "worthless" credit card insurance

Slater and Gordon (ASX: SGH) has taken aim at National Australia Bank (ASX: NAB) and MLC on behalf of customers who were allegedly sold worthless credit card insurance. The law firm has filed class action proceedings in the Federal Court against the two companies, alleging they engaged in unconscionable conduct by selling sellin...

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Crucial lessons from the C-suite: Grow yourself to grow your company

Crucial lessons from the C-suite: Grow yourself to grow your company

It took three years of building a successful medical device startup company before Nina Quinn was headhunted to become the CEO of Neurosensory. Quinn's transition in taking Neurosensory from a South East Queensland business turning over $5 million, to a multi-clinic enterprise now spanning three states wasn't an easy one. Had ...

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Fitness First penalised for short-changing customers via surcharges

Fitness First penalised for short-changing customers via surcharges

Fitness First has paid a penalty of $12,600 after the Australian Competition and Consumer Commission (ACCC) found that the gym chain was excessively surcharging its customers on card payments. The ACCC issued an infringement notice against Fitness First after it investigated concerns against the company's flat fee surcharge on members...

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Former Sirtex CEO charged with insider trading as class action looms

Former Sirtex CEO charged with insider trading as class action looms

Within days of biotech company Sirtex Medical Limited delisting from the ASX following its takeover from China's CDH Investments for $1.9 billion, former CEO Gilman Edwin Wong has been charged with insider trading. The Australian Securities and Investments Commission (ASIC) alleges Wong, who was also a director of the radioa...

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Blackbird Ventures: Unlocking "unprofitable beasts" and why they need more patient capital

Blackbird Ventures: Unlocking "unprofitable beasts" and why they need more patient capital

Companies are staying private for longer than ever before with abundant capital on offer, but the flipside is that sizeable global funds are entering the Australian market earlier to make their mark on the startup community. Meanwhile, local public equity funds are often unable to do the same due to mandates that don't allow investmen...

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Abacus sells Novotel Twin Waters for $88.5m

Abacus sells Novotel Twin Waters for $88.5m

Abacus Property Group (ASX: ABP) is on the cusp of winding down its hospitality fund altogether with the $88.5 million sale of Novotel Twin Waters on the Sunshine Coast, Queensland to Melbourne-based Shakespeare Property Group. The sale represents the final divestment for Sydney-based ABP's Abacus Hospitality Fund (AHF), which al...

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ASIC review finds "unacceptable" delays by big banks in reporting breaches

ASIC review finds "unacceptable" delays by big banks in reporting breaches

ASIC is casting light once again on the poor behaviour of Australia's largest financial institutions. After several controversial issues were uncovered by the royal commission, ASIC has found further "unacceptable" delays by financial institutions in reporting, addressing and remediating significant breaches. In its late...

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Asian private equity firm set to acquire Scottish Pacific Group for $630 million

Asian private equity firm set to acquire Scottish Pacific Group for $630 million

Affinity Equity Partners, a large Asian private equity firm, is set to acquire Scottish Pacific Group (ASX: SCO) for $630 million. The deal, to be approved by shareholders, will see Affinity purchase 100 per cent of SCO's shares for $4.40 per share representing a premium of 17.6 per cent. Established in 2004, Affinity is one of th...

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ACCC scam ad warning raises concerns about 3rd party advertising

ACCC scam ad warning raises concerns about 3rd party advertising

Thanks to the proliferation of seamless advertising platforms offered by Google and Facebook, cunning scammers have dug their claws into Australia's biggest content publishers. The Australian Competition and Consumer Commission (ACCC) warns of the abundance of new scams which appear as 'legitimate' advertisements on platforms ...

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Health issues force Michael Hill CEO to resign

Health issues force Michael Hill CEO to resign

Less than eight months into the job the CEO of jeweller Michael Hill (ASXL MJH) Phil Taylor (pictured top) has resigned. Citing the diagnosis of a "health issue", Taylor will step down to focus on his treatment and recovery. In his place is Daniel Bracken (pictured right), the now former CEO of Specialty Fashion Group (ASX: ...

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Aussie company to lead WeChat expansion in South East Asia

Aussie company to lead WeChat expansion in South East Asia

You simply cannot do business in China nowadays without a WeChat account. Owned by Tencent Group, the social media platform and its associated WeChat Pay service are ubiquitous in China with rapid expansion internationally too. So how then did a Sydney-based company score a lucrative deal to expand WeChat Pay in South East Asia? We catch...

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