Blackmores delivers record sales but share price plummets

Blackmores delivers record sales but share price plummets

Record sales have generated record revenue of $319 million for health supplement company Blackmores (ASX: BKL) but CEO Richard Henfrey has told shareholders to not get too comfortable. Shares in Blackmores are down nearly 30 per cent at 10.42am AEDT after the company said growth in China has softened. "Achieving record sales is a...

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LandMark White hacked data sat on dark web for 10 days

LandMark White hacked data sat on dark web for 10 days

Property valuer LandMark White (ASX: LMW) has resumed trading this morning after investigating a serious data breach that occurred some time in December 2018. The company entered into a trading halt on Friday after major banks suspended important contracts. The Commonwealth Bank, National Australia Bank and ANZ have all suspended cont...

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Catch me if you can: Aussie online shopping giant sees sales surge

Catch me if you can: Aussie online shopping giant sees sales surge

Major online shopping company Catch Group has announced a massive uptick in sales for the first half of FY19, driven by significant growth in its product range and active customer base. In an announcement of its unaudited results today, the group highlighted 62 per cent growth in gross transaction volume (GTV) to $254 million, including m...

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McGrath books $9.6m loss

McGrath books $9.6m loss

Real estate agency McGrath Group (ASX: MEA) has recorded a loss of almost $10 million for the first half of FY19 due to challenging property market conditions and one-off charges for legacy IT development costs and contracts. The advanced technology upgrade cost the Sydney-based group $6.6 million, but McGrath claims rolling it out will h...

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Inside Tammy Hembrow's Neon Collection

Inside Tammy Hembrow's Neon Collection

On Friday evening Tammy Hembrow launched her latest collection, and it's the most eye-popping one to date. The launch was held at The Pink Hotel in Coolangatta with the Neon Collection fitting right at home amongst the pastel pink walls, neon lights, and 'gram-worthy décor. Tammy Hembrow's Saski Collection took over...

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Goodwill impairment slams Domain results

Goodwill impairment slams Domain results

A $178.8 million non-cash goodwill impairment has dragged Domain's results into a loss during the first half of FY19. The real estate classifieds company recorded first half revenue of $186.3 million, but the impairment charge dragged the company into a net loss after tax result of $156.4 million. Excluding this impairment charge ...

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Baby Bunting results improve on the back of retail enhancements

Baby Bunting results improve on the back of retail enhancements

New stores and the introduction of a buy-now pay-later finance option saw Baby Bunting's (ASX: BBN) first half results improve. Revenue was up 17.2 per cent to $177.688 million in the first half, whilst profit rose 27.8 per cent to $5.216 million. The company says it has rebounded from significant competition disruption, price def...

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GCCEC bringing event flexibility to the heart of the Gold Coast

GCCEC bringing event flexibility to the heart of the Gold Coast

Whether you're hosting an intimate meeting for 10, a conference for 6,000 delegates or an elegant gala dinner, the award-winning team at the Gold Coast Convention and Exhibition Centre know that the devil is in the details when it comes to hosting a successful event. The GCCEC specialises in personalised and bespoke events in a world-...

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Australia's top online fashion retailers

Australia's top online fashion retailers

As demonstrated by Australia's top fashion retailers online is the future of our retail sector. By taking on new technologies, offering customers easy to use payment solutions, and making shopping as accessible as possible, Australian fashion retailers are rethinking what it means to be a store in 2019. In 2018 a number of Austral...

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Experience the reinvention of timeless luxury at the newly renovated Brisbane Marriott Hotel

Experience the reinvention of timeless luxury at the newly renovated Brisbane Marriott Hotel

Brisbane Marriott Hotel is excited to celebrate a $20 million renovation project which has seen the transformation of the hotel's 267 guest rooms and suites, Executive Lounge, two floors of event space and signature restaurant. An iconic landmark on the corner of Queen and Adelaide streets, the Brisbane Marriott Hotel is in a prime CB...

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Get the conference and events royal treatment at RACV Royal Pines

Get the conference and events royal treatment at RACV Royal Pines

The RACV Royal Pines is one of the Gold Coast's most iconic legacy venues, ideal for bespoke conferences, events and meetings that require more than just a touch of class. Located only a short drive from Surfers Paradise and just a stone's throw to Metricon Stadium, the venue boasts 14 event and meeting spaces that can host up to ...

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LandMark White in trading halt following fallout from data breach

LandMark White in trading halt following fallout from data breach

Property valuer LandMark White (ASX: LMW) has gone into a trading halt pending a statement regarding the fallout from a data breach that occurred on 4 February 2019. The company said at the time that a data set containing property valuation and some personal contact information was disclosed because of a vulnerability in one of LMW's ...

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Conference and event organisers to enjoy trio of perks at Melbourne Marriott

Conference and event organisers to enjoy trio of perks at Melbourne Marriott

The Melbourne Marriott is one of the city's premier destinations when it comes to hosting conferences and events, and its offering just got a whole lot sweeter. For guests who book their next meeting or event by15 September this year, the Melbourne Marriott is offering the choice of three perks from the following options: Five...

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The Westin Brisbane offers exclusive deal on grand opening

The Westin Brisbane offers exclusive deal on grand opening

As the newest addition to Brisbane's eminent riverside hotel offering, The Westin Brisbane is taking things to new heights. Located on Mary Street in the heart of the bustling CBD, the hotel is only a stone's throw from iconic locations including Eagle Street Pier, the Botanical Gardens and Queen Street Mall. The Westin Brisba...

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A 97 per cent profit drop caps off disaster year for AMP

A 97 per cent profit drop caps off disaster year for AMP

Of all the companies hit hard by the findings of the banking and finance Royal Commission AMP was one of the worst hurt. However, amidst the chaos of renumerating customers for fees charged without rendering services, the company has still turned a profit. The comparably meagre $28 million profit is far shy of the $848 million the com...

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China's economic slowdown poses a significant threat to Australia

China's economic slowdown poses a significant threat to Australia

China's sudden explosion as an economic powerhouse in the APAC region was once the source of global anxiety, but in 2019 it's the opposite that could cause some problems at home. Industry research company IBISWorld has warned that the decline in growth of China's GDP could have far reaching consequences for Australia's eco...

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Villa World posts slightly improved profit in challenging market conditions

Villa World posts slightly improved profit in challenging market conditions

Despite a tough property market Villa World (ASX: VLW) has recorded a slightly improved profit at the end of the first half of FY19. The residential house and land developer announced a $17.6 million after tax half year profit, up from $17.3 million at the end of H1 FY18. This was despite sales being down significantly from the same t...

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New Super Retail Group CEO to start early after earnings hike

New Super Retail Group CEO to start early after earnings hike

Super Retail Group (ASX: SUL) has sped up its CEO transition and announced a 6 per cent lift in sales to $1.4 billion for the first half, with improved profitability across its auto, sport and outdoor divisions.  The market has responded positively to the news this morning, undeterred by a company review that found retail managers ha...

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Vinnies North Queensland Flood Appeal

Vinnies North Queensland Flood Appeal

St Vincent de Paul Society Queensland (Vinnies) has launched the Vinnies North Queensland Flood Appeal to help victims of the devastating disaster affecting North Queensland. 

With thousands of Queenslanders impacted by flood waters, landslides and monsoonal rain, Vinnies state president Dennis Innes has declared a public disaster a...

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JB Hi-Fi notches record earnings in H1

JB Hi-Fi notches record earnings in H1

Electronics retailer JB Hi-Fi (ASX: JBH) continued to roll out new stores in the first half of FY19 while profit rose 5.5 per cent to reach $160.1 million. The result aligns with forecasts from the Australian Retailers Association (ARA) and Roy Morgan that Christmas sales would be "bountiful" for stores specialising in electroni...

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Hadrian X robot builds its first outdoor building

Hadrian X robot builds its first outdoor building

Fastbrick Robotics (ASX: FBR) have completed their first ever outdoor build with their Hadrian X robot. Shares in Fastbrick soared in November 2018 when the company announced that their robot built a home structure in less than three days autonomously. But the real test was whether the robot could do it in the elements outside of a wa...

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Volt Bank charges up digital deal with Spitfire

Volt Bank charges up digital deal with Spitfire

Within weeks of receiving a major investment from Collection House (ASX: CLH), Australia's newest bank has linked up with Sydney-based Spitfire Corporation to give customers a digital platform for wealth management. Volt Bank, Australia's first new startup to receive a retail bank licence since 1981, will harness Spitfire's te...

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Australian Ag Co expects "extreme losses" from unprecedented floods

Australian Ag Co expects "extreme losses" from unprecedented floods

Shares in beef producer Australian Agricultural Company (ASX: AAC) are trading at their lowest levels since 2003 after the group released a statement about flood impacts in Queensland. The board today confirmed severe flooding throughout northwestern Queensland had severely impacted four of its 21 properties. "Of AACo's ...

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Pharma group targets China with $10m acquisition of e-commerce players

Pharma group targets China with $10m acquisition of e-commerce players

Star Combo is positioning itself as a major exporter of Australian pharmaceutical products with its $10 million spending spree on China focused e-commerce businesses. The Sydney-based manufacturer and distributor of health, pharmaceutical and beauty products has acquired the businesses of Koala Mall and Austoyou Group. Both businesses...

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REA Group profit dives 98 per cent after $173m impairment

REA Group profit dives 98 per cent after $173m impairment

Were it not for a $173.2 million impairment charge REA Group was shooting for success during the first half of FY19. The company's NPAT closed at $176.6 million in HY2019, up 20 per cent on the same time last year but dived 98 per cent to $2.5 million once all factors were taken into account. The impairment charge is a disappointi...

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Optus cops historic $10 million fine for misleading customers

Optus cops historic $10 million fine for misleading customers

In October 2018 Optus was staring down the barrel of a $10 million fine for misleading customers in relation to its third-party billing service. The Federal Court has decided to hit Optus with that $10 million penalty for its treatment of customers who unknowingly purchased games, ringtones, and other digital content via its Direct Carrie...

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Greencross taken over by US private equity giant TPG

Greencross taken over by US private equity giant TPG

Greencross (ASX: GXL) shareholders have voted overwhelmingly to accept a full takeover by private investment firm TPG as the veterinary care company faces an increasingly tough competitive environment. A shareholder vote was held on Wednesday and, ahead of that, it was reported that 98.81 percent of proxy shareholders voted in favour of a...

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Virgin Australia names Paul Scurrah as John Borghetti's successor

Virgin Australia names Paul Scurrah as John Borghetti's successor

The replacement for long-time Virgin Australia CEO and MD John Borghetti has been found to lead Australia's second largest carrier. Paul Scurrah will replace John Borghetti who announced his intention to step down in June 2018 after a decade of working for the airline. Borghetti joined the airline in 2010, when it was called Virgi...

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Dexus reports a productive half year but profit slips

Dexus reports a productive half year but profit slips

Real estate management group Dexus (ASX: DXS) has seen its profit slip by 27.2 per cent despite its "productive" half year. During the first half of FY19 Dexus' NPAT was down 27.2 per cent to $726.4 million because of net revaluation gains of investment properties being lower than those recognised in the previous correspondi...

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Home-building robot company enters deal with Brickworks

Home-building robot company enters deal with Brickworks

The company known for building a home structure with a robot has today reached a breakthrough agreement with a subsidiary of Brickworks (ASX: BKW), with expectations for a pilot program to kick off in Western Australia. Within months of its partnership with Caterpillar (NYSE: CAT) falling through, Perth-based Fastbrick Robotics (ASX: FBR)...

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