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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How your business can jump on new "PayPal for cryptocurrency" solution

How your business can jump on new "PayPal for cryptocurrency" solution

In case you missed it, cryptocurrency is a bit of a big deal in Australia right now. Over the last year it's estimated over $8 billion worth of crypto was traded in Australia, $4 billion of which was traded on Australian platforms. But there's still a big hurdle for crypto to overcome before it can move beyond its status as a ...

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TPG, Vodafone agree to form $15b telco powerhouse

TPG, Vodafone agree to form $15b telco powerhouse

TPG Telecom (ASX: TPG) and Vodafone Hutchison Australia (VHA) are set to join forces after agreeing to a merger that would create a fully integrated telecommunications operator with an enterprise value of $15 billion. In an announcement to the Australian Stock Exchange this morning, the companies said the proposed deal would create a &quo...

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Yellow Brick Road bank negotiations fall through as company posts loss

Yellow Brick Road bank negotiations fall through as company posts loss

Two days ago Yellow Brick Road (ASX: YBR) claimed it was in exclusive negotiations with a big four bank for a $300 million credit facility, but the financial services group may have jumped the gun. In a statement given to the Australian Stock Exchange (ASX) today, Yellow Brick Road advised negotiations with the major bank to beef up its l...

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Noni B strips Specialty Fashion Group of brands and expects to triple revenue to $1b

Noni B strips Specialty Fashion Group of brands and expects to triple revenue to $1b

A strategy to acquire and revive underperforming brands appears to be reaping rewards for women's specialty apparel retailer Noni B Group (ASX: NBL), with the Sydney-based company posting a 62.7% surge in EBITDA to $37.2 million in FY18. The company attributes the result to the first full-year of inclusion for the Pretty Girl bra...

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DriveMyCar soars on Airbnb partnership

DriveMyCar soars on Airbnb partnership

One of Australia's fastest emerging sharing economy businesses, DriveMyCar, has scored an Australian first by becoming an affiliate partner of accommodation giant Airbnb. DriveMyCar, owned by parent company Collaborate Corporation (ASX: CL8), has joined the pay-for-performance program for partners who promote hosting on Airbnb. Th...

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No bitter pills for Blackmores following strong results

No bitter pills for Blackmores following strong results

Blackmores (ASX: BKL) has receorded a strong FY18 and a new acquisition has become the cherry on top of its vitamin-rich cake. Blackmores lifted full-year profit nearly 19 per cent to $70 million on the back of strong demand for its products in Asia. The vitamins manufacturer also hit a record full year revenue of $601 million, up 9 p...

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Mass exit from iconic brands hits Specialty Fashion Group

Mass exit from iconic brands hits Specialty Fashion Group

After selling the majority of its brand holdings to Noni B in May, Specialty Fashion Group's (SFG) (ASX: SFH) losses have worsened. The group recorded a net loss after tax of $9.3 million, down further from its $8.4 million loss in FY17. This result follows the divestment of key brands Katies, Millers, Crossroads, Autograph and Ri...

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The lessons Olympian Michael Klim learned from a decade in business

The lessons Olympian Michael Klim learned from a decade in business

Former Olympian and beloved swimming star Michael Klim is no stranger to pressure. During the late 90s and early 2000s, Klim was a force to be reckoned with. His best performance was at the 2000 Summer Olympics in Sydney where he scored two gold and two silver medals. Klim's success led him to become a household name and a role model for...

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Sydney underwater drone maker joins US warfare consortium

Sydney underwater drone maker joins US warfare consortium

Underwater drone manufacturer Aquabotix (ASX: UUV) has been accepted as a member of the Information Warfare Research Project (IWRP) consortium. The consortium is focused on advancing information warfare capabilities to enhance United States Navy and United States Marine Corps mission effectiveness. Aquabotix's acceptance into this...

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Star breaks ground on new $400m Gold Coast tower

Star breaks ground on new $400m Gold Coast tower

The Star Entertainment Group (ASX: SGR) has broken ground on its latest development, the Dorsett Hotel, a $400 million addition to the company's growing South East Queensland portfolio. The new tower will boast 316 hotel rooms as well as 423 one and two-bedroom apartments, adding a total 739 keys to the company's accommodation on ...

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EVENT Cinemas feels the pinch, QT Hotel emerges the hero

EVENT Cinemas feels the pinch, QT Hotel emerges the hero

EVENT Hospitality & Entertainment (ASX: EVT) has delivered strong growth on the back of its hotels business, while EVENT Cinemas has been weighed down by a declining Australian box office. The listed company behind the QT brand of hotels, Event Cinemas, and the Thredbo Alpine Resort, delivered normalised profits after tax of $124.3 mi...

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Kleos Space launches on the ASX after successful capital raising

Kleos Space launches on the ASX after successful capital raising

Space technology company Kleos Space S.A (ASX: KSS) has successfully closed $11 million in funding and begun trading on the Australian Stock Exchange. Co-founder and CEO of the company Andy Bowyer, feels that the interest shown in Kleos' by investors is reflective of the worlds current desire to advance space-powered intelligence, par...

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Village Roadshow blames Comm Games and Dreamworld for disappointing results

Village Roadshow blames Comm Games and Dreamworld for disappointing results

The 2016 Dreamworld tragedy has had implications for more than just Ardent Leisure, with Movie World operator Village Roadshow (ASX: VRL) blaming the disaster for its own misfortunes. The listed entertainment company chalked up its underperforming results in its theme parks division to the reputation Dreamworld has wrought on the Gold Coa...

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ACCC slams Trivago alleging it misled consumers

ACCC slams Trivago alleging it misled consumers

The Australian Competition and Consumer Commission (ACCC) has taken aim at online airfare and hotel aggregator Trivago for allegedly misleading consumers in its price comparisons and advertisements. The ACCC has started proceedings in the Federal Court claiming that from at least December 2013 the company ran TV advertisements presenting ...

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TPG and Vodafone merger on the cards

TPG and Vodafone merger on the cards

Two of Australia's largest telcos, TPG (ASX: TPM) and Vodafone, which is operated in Australia by Vodafone Hutchinson Australia (VHA), are in discussions about a potential merger. TPG confirmed in a short statement this morning that it is in "exploratory discussions" with VHA about a potential "merger of equals" of...

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Bouris criticises "opportunistic" Yellow Brick Road takeover bid

Bouris criticises "opportunistic" Yellow Brick Road takeover bid

Mercantile OFM, a subsidiary of Mercantile Investment Company (ASX: MVT), has launched an off-market takeover bid for wealth management company Yellow Brick Road (ASX: YBR) at a cash price of $0.09 per share. The unsolicited offer represents a 3.2 per cent discount to YBR's most recent closing price of $0.093 and YBR executive chairma...

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Acquisitions and cost-cutting lifts Helloworld to third consecutive year of growth

Acquisitions and cost-cutting lifts Helloworld to third consecutive year of growth

A year peppered with acquisitions has put the wind beneath Helloworld's (ASX: HLO) wings as the travel company today revealed a full year profit (NPAT) of $32 million, up 48.1 per cent. While revenue remained flat, earnings before interest, tax, depreciation and amortisation (EBITDA) and earnings per share (EPS) were up 18.2 per cent ...

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Transition and market conditions mar McGrath

Transition and market conditions mar McGrath

Real-estate group McGrath (ASX: MEA) has suffered through a transitional period, bearing the weight of an industry in flux. McGrath's revenue is down 23 per cent to $99.2 million and the company has also reported an underlying net loss after tax of $1.48 million. McGrath CEO Geoff Lucas blames the company's poor results on a y...

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Model fit disrupts the talent agency market

Model fit disrupts the talent agency market

Having made the digital leap from a traditional offline model, influencer Taryn Williams' online talent agency theright.fit is rapidly expanding with clients requesting the service globally. Williams says her need-driven business model has resulted in the opening of the company's first international office in Singapore. "...

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Kogan.com doubles earnings for FY18 despite rocky year

Kogan.com doubles earnings for FY18 despite rocky year

Online retailer Kogan.com (ASX: KGN) has come out on top despite a tough12 months as its earnings surge for the third year in a row. The e-retail company has posted revenue of $412.3 million, up 42 per cent year-on-year reflecting growth across all product divisions and driven in part by a 45 per cent uplift in Kogan's number of activ...

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Catapult kicks partnership goals to grow revenue and reach

Catapult kicks partnership goals to grow revenue and reach

Sports technology developer Catapult Group International (ASX: CAT) has recorded a $17.3 million net loss after tax for FY18, as the group continues trying to keep down travel and labour costs as it rolls out new technologies and garners new high-profile domestic and international elite clients.  The company has posted a 26 per cent ...

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AusCann cannabinoid medicines one step closer to market

AusCann cannabinoid medicines one step closer to market

AusCann's (ASX: AC8) long awaited medical cannabis product is on its way to pharmacy shelves following the completion of an important medical trial. The listed cannabis company has now announced a successful pilot study of an optimal final dose form for its cannabinoid medicines. This clinical study has been ongoing for the last 1...

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Racy Honey Birdette ad banned, founder says "religious zealots" to blame

Racy Honey Birdette ad banned, founder says "religious zealots" to blame

Oh, honey! Head-turning lingerie brand Honey Birdette's latest campaign has been nipped in the bud following complaints one of its key images was "too sexual". Australian watchdog Ad Standards has banned an image from Honey Birdette shopfronts which shows a woman wearing an opaque white bra, through which her nipples are...

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