Telco entrepreneur claims proxy advisors "toxic" to the ASX

Telco entrepreneur claims proxy advisors "toxic" to the ASX

The "golden handcuffs" of stock market listing have tightened for Australia's entrepreneurs, with executive pay limitations making it harder to attract talent in a competitive global market. This was a key concern raised yesterday by telecommunications and data cloud pioneer Bevan Slattery while speaking at a breakfast organ...

Read More...
ASX reporting wrap: Thursday 9 August highlights

ASX reporting wrap: Thursday 9 August highlights

Companies across several of sectors including banking, entertainment, property and energy today revealed their FY18 results. All eyes were on Suncorp in the wake of AMP's disastrous profit fall on Wednesday. Crown Resorts, Mirvac Group, Orora and AGL Energy also posted results. AGL Energy (ASX: AGL) Reaping the rewards from mu...

Read More...
Crown Resorts slaps government with lawsuit as profits dive

Crown Resorts slaps government with lawsuit as profits dive

Crown Resorts has filed a lawsuit to stop the government from obstructing the views of its new Sydney resort. The casino operator hopes its suit will stop the government from approving new developments that obstruct views from its new Sydney resort of the Sydney Opera House and the Sydney Harbour Bridge. As part of an earnings announc...

Read More...
Financial advice institutions to refund over $800 million

Financial advice institutions to refund over $800 million

As the revelations from the Royal Commission continue to pour in, the Australian Securities and Investment Commission (ASIC) has revealed that, in total, Australian financial advice institutions will refund customers over $800 million in reparations over fees for no service (FFNS) programs. The big four banks (ANZ, CBA, NAB, and Westpac) ...

Read More...
AMP's profit dives 74 per cent on the back of a rough year

AMP's profit dives 74 per cent on the back of a rough year

It's been a rough year for financial services provider AMP (ASX: AMP). The company sure has been put through the wringer at the Financial Services Royal Commission where it surfaced that the company was charging customers fees without providing any services. Multiple class actions soon followed these revelations, so it's littl...

Read More...
SCA Property Group falls victim to tough retail conditions

SCA Property Group falls victim to tough retail conditions

In what marks yet another sign that the Australian retail environment continues to struggle, commercial landlord Shopping Centres Australasia Property Group (ASX: SCP) has reported a 45.2 percent profit fall, down to $175.2 million. The retail trust has blamed its lacklustre result on stunted property value growth compared to its prior ye...

Read More...
WA live exporters given the green light to relaunch next month

WA live exporters given the green light to relaunch next month

Despite significant resistance to the trade from the Australian public, exporters in Western Australia have been given the green light to relaunch the live sheep export industry in September. West Australian Agriculture Minister Alannah MacTiernan is aiming to relaunch the live sheep export next month using "reputable" producers...

Read More...
Woolworths admits to profiling pokies punters, encouraging bets with free drinks

Woolworths admits to profiling pokies punters, encouraging bets with free drinks

In response to a Federal investigation, Woolworths has admitted to profiling pokies gamblers and targeting players with free drinks to encourage betting. The investigation, led by Federal MP Andrew Wilkie, alleges that Woolworths-owned pubs in Queensland, South Australia and New South Wales monitored customers' personal lives and kept...

Read More...
Instagram stats proving social media essential for businesses

Instagram stats proving social media essential for businesses

Instagram has released data today showing that young Australians are using the social media platform to find businesses and services. The figures showed that 67% of Australian users between the ages 18-34 use Instagram to find new products, services, businesses or organisations. The social media platform, which was initially made to f...

Read More...
Retail sales bounce back thanks to cold winter

Retail sales bounce back thanks to cold winter

Clothing and food have helped boost national retail spending over the past year with healthy annual growth of 2.87 per cent recorded thanks to a strong run in June. The 0.4 per cent increase in sales during June was ahead of expectations of a 0.3 per cent increase, and it's largely thanks to a cold winter, according to the Australian ...

Read More...
How important is beer to the economy?

How important is beer to the economy?

Take beer out of the equation and the Australian economy shrinks by 1 per cent. That's the key statistic behind the Great Northern Brewing Co urging beer lovers across Australia to raise their glasses to the industry today for International Beer Day. According to a report commissioned by the Australian Brewers Association, the bee...

Read More...
Foodora the first casualty in a loss-making industry

Foodora the first casualty in a loss-making industry

After forecasting a shake-up in the food delivery industry just two weeks ago, the departure from Australia of Foodora at the end of this month has even taken business analyst IBISWorld by surprise. "We had forecast this would happen, but we didn't expect it be so quickly," says IBISWorld senior industry analyst Andrew Ledov...

Read More...
Gen Y the new boomers for housing market, says BIS

Gen Y the new boomers for housing market, says BIS

Generation Y may have been Generation Boom for the apartment market over the past 15 years, but according to new research they're more likely to be leading a house-and-land surge over the next decade.

BIS Oxford Economics has forecast big changes in the residential demands of ageing Gen Y buyers will lead to slower growth for the apa...

Read More...
QBL sitting on cannabis breakthrough in treating MS

QBL sitting on cannabis breakthrough in treating MS

Queensland Bauxite (ASX: QBL), a major player in the medical cannabis market, has announced a potential breakthrough for the treatment of one of the world's most prevalent autoimmune disorders, multiple sclerosis (MS).

QBL, through an agreement between Medical Cannabis Research Group and leading global cannabis researcher Professor David ...

Read More...
China brings record revenue for Bubs

China brings record revenue for Bubs

All year long we've been hearing about how Bubs (ASX: BUB) has successfully cracked the Chinese market with its infant milk formula, and the company's full year results are set to reflect what they've been saying. During FY18, Bubs recorded its highest quarterly sales revenue ever, reporting a 99 per cent year on year growth f...

Read More...
Cycliq's king of the mountain moment

Cycliq's king of the mountain moment

Listed bicycle dashcam manufacturer and distributor Cycliq (ASX: CYQ) has reported a strong financial year, finishing off FY18 with a bang. The business, which sells dashcams specifically tailored for bikes, pushed up its annual revenue by 210 per cent to $4.9 million, and annual unit sales up 250 per cent to $27,000. During the finan...

Read More...
Meriton slogged with $3m fine for misleading customers on TripAdvisor

Meriton slogged with $3m fine for misleading customers on TripAdvisor

The latest from the Federal Court might make you want to reconsider how much trust you place in TripAdvisor. Meriton was ordered on Tuesday to pay a $3 million fine for misleading customers on hotel review site TripAdvisor after engaging in the process of 'masking' email addresses. By 'masking' guests that the hotel ch...

Read More...
New medicinal cannabis released

New medicinal cannabis released

Leading medicinal cannabis company The Hydroponics Company (ASX: THC) have released a new medicinal cannabis product to the Australian market. Australians can now get access to Endoca Medicinal Cannabis (EMC), imported to patients through the Medicinal Cannabis Medicines Portal (MCMP). The EMC products have been imported through THC...

Read More...
Time to think big and stop pedalling the cruel live exports agenda

Time to think big and stop pedalling the cruel live exports agenda

Late Monday afternoon David Littleproud, the Minister for Agriculture and Water Resources, announced his travel itinerary for his time in Israel.

Demonstrating his clear inability to heed broad public opinion, Littleproud is currently in Israel lobbying for the country to continue taking live animals from Australia.

Littleproud'...

Read More...
Oroton granted a new life

Oroton granted a new life

Luxury fashion retailer Oroton has been granted a new life today after falling into voluntary admission in April this year. The Supreme Court of New South Wales has approved a transfer of all ORL shares to Manderrah, a business associated with major Oroton shareholder Will J Vicars, allowing retailers to continue over 50 stores across Aus...

Read More...
What it takes to be a great leader in the era of Gen Z and technology

What it takes to be a great leader in the era of Gen Z and technology

What does it take to be a great leader? Successfully leading a team means adapting to different environments, different working styles and accounting for cultural differences. Increased globalisation in today's business landscape means leaders are facing new challenges in leading and managing teams in complex business environments. ...

Read More...
New TV show set to open Blockchain to the world

New TV show set to open Blockchain to the world

A new weekly business TV show is set to showcase Blockchain companies, cryptoassets and ICOs to a global audience. Coincast TV, created by ICO advisor DigitalX and respected crypto business news platform Multiplier Crypto, will be broadcast on Sky News Business, and syndicated across Apple TV, the Wall St Journal and related social platfo...

Read More...
AMP begins the long claw-back, profits to suffer from scandal

AMP begins the long claw-back, profits to suffer from scandal

Financial provider AMP has today revealed its business recovery plan in the first quarterly update since its spectacular fall from grace during the Financial Services Royal Commission. AMP has vowed to "reset the business" which, in April this year, admitted to deliberately and unlawfully charging its customers for services that...

Read More...
Blue Sky in discussions to receive lifeline from US investment firm

Blue Sky in discussions to receive lifeline from US investment firm

Embattled investment company Blue Sky Alternative Investments (ASX: BLA) has confirmed rumours that it is in discussions with a US based investment firm that could potentially save the company. Following a report on Thursday by The Australian Financial Review, Blue Sky has confirmed rumours that it is in talks with Los Angeles-based inves...

Read More...
Nine and Fairfax merging to create $4 billion media giant

Nine and Fairfax merging to create $4 billion media giant

Nine Entertainment Company (ASX:NEC) has announced a takeover of Fairfax Media (ASX:FXJ) in a move that will create a new media goliath in Australia worth $4 billion. The merged media operation will dwarf News Corp (ASX:NWS) as the country's largest media and news network with assets across print, television, radio and online. The...

Read More...
Nicholas Moore to retire from Macquarie as group gets first female CEO

Nicholas Moore to retire from Macquarie as group gets first female CEO

After more than a decade at the helm of Macquarie Group (ASX: MQG), Nicholas Moore has announced his retirement as managing director and CEO. Moore will step down from the boards of Macquarie Group and Macquarie Bank in November after the company delivers is audited FY18 results. Stepping into Moore's role will be Shemara Wikraman...

Read More...
Young Entrepreneurs seizing business opportunity of the year

Young Entrepreneurs seizing business opportunity of the year

The Young Entrepreneur Awards will celebrate a milestone occasion as it kick-starts the 2018 Young Entrepreneur Awards, marking a decade of success for what has become one of Australia's most prestigious business accolades. Officially launched in 2008 in Queensland with a mission to find and recognise young business talent in Australi...

Read More...
Europcar in ACCC bungle over alleged excessive surcharges

Europcar in ACCC bungle over alleged excessive surcharges

The ACCC has launched proceedings against Europcar in the Federal Court, alleging the car rental service has been hitting its customers with excessive credit and debit card charges. The court will hear that Europcar customers who used Visa or MasterCards during July and August 2017 incurred excessive surcharge fees, above what it cost the...

Read More...
AMP takes a swipe at 'independent' report claims

AMP takes a swipe at 'independent' report claims

Financial services giant AMP (ASX:AMP), in response to a damning investigation by Four Corners, has taken a swipe at suggestions that a report it commissioned last year by the AMP board could be construed as fully independent.

The report was prepared by law firm Clayton Utz on behalf of AMP in relation to allegations that AMP was issuing...

Read More...
Temple & Webster claws its way to profitability

Temple & Webster claws its way to profitability

A cost-cutting strategy by Temple & Webster (ASX:TPW) appears to be paying off after the online furniture and homewares retailer posted a small underlying profit in the second half of FY18. The company, in it fourth-quarter cashflow statement, has revealed an unaudited EBITDA of $300,000 for the half year. The result makes good on...

Read More...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter