Sydney fintech breaks into Europe with new London office

Sydney fintech breaks into Europe with new London office

Sydney-based tech start-up Trade Ledger has already dominated Australia and is off to take on Europe after announcing its new London office. The banking lending platform will expand its operations into Europe from its new London base, which should greatly improve its current international strategy. The company says the expansion will ...

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Meet the sales rep that's on your mobile 24/7

Meet the sales rep that's on your mobile 24/7

When it comes to sales, there's one space everyone can access that has been underutilised and neglected for far too long. That is until Ad On Mobile developed an innovative solution that turns your mobile phone into a 24/7 sales rep. Paul Harding and Peter Bailey, along with their team at Ad On Mobile, have developed a suite of pro...

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Class action against Comm Bank commences

Class action against Comm Bank commences

Phi Finney McDonald has officially commenced its shareholder class action against Australia's biggest bank in relation to alleged disclosure breaches. The claim, backed by some of the world's biggest institutional investors, is on behalf of shareholders that acquired CBA shares between 16 June 2014 to 3 August 2017, but is limited...

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Village Roadshow sells Sydney Wet'n'Wild for $40m

Village Roadshow sells Sydney Wet'n'Wild for $40m

Village Roadshow's (ASX:VRL) appetite for the theme park sector appears to be waning with news this morning that it has found a buyer for Wet'n'Wild Water Park in Sydney. The business, which is still suffering from the impact of the Dreamworld tragedy and is set to deliver FY18 earnings below the previous year's results, h...

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Creso Pharma launches product into New Zealand

Creso Pharma launches product into New Zealand

Listed cannabis company Creso Pharma is set to launch its chronic pain product into the New Zealand market after signing an agreement with a key distributor. Creso will introduce its cannaQIX 50 product in New Zealand, a cannabidiol lozenge designed to support the management of chronic pain. Dr Miri Halperin Wernli, Creso CEO and co-f...

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How to take risks and be a brilliant CEO

How to take risks and be a brilliant CEO

In August 1987, my father, a small business entrepreneur, arrived home after work, and announced that we were moving to Australia. This announcement served as my first exposure to risk management from an entrepreneur's perspective. My father was regarded as crazy for uprooting the family and leaving apartheid South Africa Why put ...

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It's all over red rover for Dover following ASIC undertaking

It's all over red rover for Dover following ASIC undertaking

Dover Financial Services will turn in its financial advisory licence at the end of next week, as an Australian Securities and Investment Commission (ASIC) investigation into the company's 'systematic failings' is ongoing. The financial services company, which was also subject to a Royal Commission grilling earlier this month, ...

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CannPal to collaborate with CSIRO on cannabis research

CannPal to collaborate with CSIRO on cannabis research

Animal therapeutics company CannPal (ASX: CP1) has entered into an agreement with the CSIRO to conduct research into the potential of medicinal cannabis. As part of the CSIRO's Kick-Start initiative CannPal will receive dollar-matched funding to contribute towards a collaborative research project with CSIRO researchers. The two wi...

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ASIC takes action against AMP for alleged failures relating to insurance advice

ASIC takes action against AMP for alleged failures relating to insurance advice

The Australian Securities and Investment Commission (ASIC) has taken embattled financial planners AMP to the Federal Court on Wednesday afternoon, claiming AMP financial planners were engaged in 'rewriting' conduct. The corporate watch dog alleges AMP has breached its obligations under the Corporations Act after claiming financial...

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Air NZ penalised $15 million for price fixing charge

Air NZ penalised $15 million for price fixing charge

The Australian Federal Court has penalised Air New Zealand (Air NZ) with a $15 million fine after the ACCC took legal action against a global air cargo cartel. The Court found Air NZ made and gave effect to agreements with other airlines to fix the price of fuel and insurance surcharges on air freight services from Hong Kong, and insuranc...

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Funtastic hit hard by Toys R Us closures

Funtastic hit hard by Toys R Us closures

During the first half of 2018, Funtastic (ASX: FUN) was flying high on improved profits, but the toy manufacturer is now singing a different tune in the wake of Toys R Us' nationwide demise. Toys R Us is Funtastic's fourth largest retail trading partner which announced in May this year that it had fallen into voluntary administrat...

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One door closes, another opens as APN is acquired for $1.12 billion

One door closes, another opens as APN is acquired for $1.12 billion

Just one day after losing the bidding war against oOh!media for billboard advertiser Adshel, APN Outdoor (ASX: APO) has emerged from a trading halt to announce the details of its own sale. APN has entered a scheme implementation deed with JCDecaux SA, under which the French billboard giant will acquire all of APN's assets for approxim...

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Slater & Gordon refutes ABC's allegations of "claim farming"

Slater & Gordon refutes ABC's allegations of "claim farming"

Slater & Gordon (ASX: SGH) has hit back at the ABC following Sunday's report that the law firm has been engaged in the practice of "claim farming" using data obtained by online doctor booking service HealthEngine. The ABC alleged over the weekend that Slater & Gordon had been paying a marketing firm called PreLegal $...

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oOh! that hurts as APN loses race for Adshel

oOh! that hurts as APN loses race for Adshel

APN Outdoor's (ASX:APO) battle for billboard advertiser Adshel is over as oOh!media (ASX:OML) looks poised to snare the prized asset following a $570 million cash bid. The latest offer gazumps APN's revised cash and scrip offer for Adshel announced last Friday, which valued the business at $540 million. It's also $100 mill...

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Emanuel Exports suspension takes industry closer to its demise

Emanuel Exports suspension takes industry closer to its demise

The live export industry is edging precariously to its eventual demise after Australia's largest live sheep exporter Emanuel Exports had its export licence suspended. The Federal Agriculture Department suspended the live export licence of Emanuel Exports as it investigates whether the exporter has been complying with animal and livest...

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Cosmetic clinic group snapped up by pharmacy giant

Cosmetic clinic group snapped up by pharmacy giant

Australian Pharmaceutical Industries Limited (ASX: API) has acquired Clearskincare Clinics for $127.4 million. The acquisition, to be paid for over three years, will see API acquire all the assets of Clearskincare Clinics, including 42 clinics in Australia and two in New Zealand. Clearskincare Clinics is a leading Australian provider ...

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CBA to demerge wealth management business in Royal Commission wake

CBA to demerge wealth management business in Royal Commission wake

The Commonwealth Bank of Australia (ASX: CBA) has announced its intention to demerge key businesses and re-list them as separate entities on the ASX. Australia's largest bank will demerge its wealth management and mortgage broking businesses so it can focus on its core banking businesses in Australia and New Zealand. The demerged ...

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CEOs rake in a record haul by sleeping rough

CEOs rake in a record haul by sleeping rough

Australia's business leaders did what they do best overnight by making big bucks, although this time it was for a worthy cause in the annual Vinnies CEO Sleepout. Funds raised nationally from the charity event have reached a record $6.3 million, edging closer to the $6.42 million target set for 2018. However, the funds raised are ...

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Billboard world in a whirl as offers start flying

Billboard world in a whirl as offers start flying

THE battle for outdoor advertising space has stepped up a notch as APN Outdoor (ASX:APO) makes a last-ditch bid to secure the Adshel business from Here There & Everywhere (ASX:HT1).

APN has sweetened its offer for Adshel just a day after it received an unsolicited $1.1 billion takeover offer of its own from French billboard giant JCDecaux...

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New acquisitions make QBL a major cannabis player

New acquisitions make QBL a major cannabis player

After almost two months in a trading halt Queensland Bauxite Limited (ASX: QBL) has returned to the market with a significant announcement about the transformation of its cannabis industry activities. The company, which has become a major player in the cannabis sector over the last year, has announced a transformation project, seeing Quee...

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Offshore buyers may fill the void as BP dumps bid for Woolies petrol

Offshore buyers may fill the void as BP dumps bid for Woolies petrol

The national retail petrol market could open up to new competition after BP Australia pulled out of an ambitious $1.8 billion plan to buy Woolworths' retail fuel network.

At least three international parties have been rumoured to be in the running for the acquisition, namely private equity group Kohlberg Kravis Roberts, Canadian retail fu...

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Bellamy's organic movement hits Tasmania

Bellamy's organic movement hits Tasmania

Bellamy's (ASX: BAL) has made a $5.5 million investment to assist Tassie farmers in transitioning to organic practices. The infant formula producer has signed a deal with global dairy giant Fonterra to help Tasmanian farmers switch to organic practices, in an effort to increase the local supply. Bellamy's will make an initial ...

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Court approves history-making settlement between Comm Bank and AUSTRAC

Court approves history-making settlement between Comm Bank and AUSTRAC

The Federal Court has today approved settlement between Commonwealth Bank (ASX: CBA) and the Australia Transaction Reports and Analysis Centre (AUSTRAC) over the anti-money laundering case which was brought against the financial services giant in August last year. CBA agreed in early June 2018 that it would pay $700 million in civil penal...

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Aqualand Group takes major stake in McGrath

Aqualand Group takes major stake in McGrath

McGrath Limited (ASX: MEA) has sold a 15 per cent stake in the company to property giants Aqualand Group that gives the company a $10.7 million injection of fresh cash. Aqualand has already acquired an 8.7 per cent stake in McGrath and will take a further 6.3 per cent stake if the deal is approved by McGrath shareholders. The ASX list...

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Satellite company Kleos Space set to launch

Satellite company Kleos Space set to launch

A highly successful seed-funding round in Australia earlier this year prompted Luxembourg-based tech company Kleos Space to seek a listing on the ASX, but according to chairman Peter Round this is no start-up venture. "Technically we're a start-up because of the timing of when the company began, but we're not a start-up in te...

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Cannabis companies hit new high with fresh capital

Cannabis companies hit new high with fresh capital

Two of Australia's leading listed cannabis players have raised millions in funds to boost their businesses in Australia and overseas. Botanix Pharmaceuticals (ASX: BOT), a medical dermatology company combatting serious skin diseases with cannabis-based products, has successfully completed an oversubscribed placement to raise $8 millio...

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Master U.S. sales trainer Jack Daly brings his expertise to Oz this July

Master U.S. sales trainer Jack Daly brings his expertise to Oz this July

Registrations are now open for three exclusive Australian workshops facilitated by one of the world's most experienced sales coaches. Jack Daly's Winning Sales Strategies Driving Sales and Boosting Profits, presented by The Growth Faculty, focuses on sales and sales management techniques. One full-day workshop in each of Melbourne...

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Dreamscape makes fourth acquisition in 16 months for $8.5m

Dreamscape makes fourth acquisition in 16 months for $8.5m

Dreamscape Networks Limited (ASX: DN8) has acquired Domain Name Registrar (DNR) for $8.5 million, its fourth acquisition in the past 16 months. The acquisition is part of Dreamscape's "bolt on" strategy, as Dreamscape continues to consolidate local domain and hosting businesses under the Dreamscape Networks' umbrella. D...

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Bank cartel case claims high-profile scalp at ASX

Bank cartel case claims high-profile scalp at ASX

The cartel scandal that has rocked the Australian banking industry has claimed another scalp with the resignation of former JP Morgan Australia CEO Robert Priestley from the board of ASX Ltd (ASX:ASX). The move comes less than two weeks after ASX expressed confidence in Priestley who was head of the investment giant's Australian arm w...

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Kidnapping phone scam targets Chinese students in Australia

Kidnapping phone scam targets Chinese students in Australia

The ACCC has warned Australia's Chinese community of a recurring scam that involves threats of arrest and extortion via fake kidnappings. Having already caused victims $1.15 million worth of losses, the perpetrators appear to be targeting Chinese Australians nationwide. The terrifying scam comes in two forms but mostly threatens C...

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