The Star's fourth Gold Coast hotel to be fast-tracked

The Star's fourth Gold Coast hotel to be fast-tracked

As far as ambitious companies go not many can keep up with The Star Entertainment Group. The company has just announced that it will fast-track the development of a fourth hotel in the multi-billion-dollar transformation of The Star Gold Coast in Broadbeach. The fourth hotel will be 215 metres tall, boast a five-star rating, and is ex...

Read More...
McGrath veteran makes his return to the real estate giant

McGrath veteran makes his return to the real estate giant

McGrath (ASX: MEA) has acquired the business of an ex-veteran of McGrath for $2 million, representing the return of John McManus (pictured) back into his old company. McGrath has acquired McManus' real estate business, currently trading as LJ Hooker Willoughby/Artarmon, as part of the giant's expansion in the lower north shore of S...

Read More...
Bellamy's shares soar as China gives new brand the tick of approval

Bellamy's shares soar as China gives new brand the tick of approval

Shares in milk-formula producer Bellamy's have spiked following the announcement that a new China-focused formula brand has been approved by Chinese regulator SAMR. The company is awaiting final certification of all changes from SAMR which it anticipates will be received shortly. Prior to producing, the parties may make further amendm...

Read More...
Elixinol secures stake in US CBD pet products business

Elixinol secures stake in US CBD pet products business

Elixinol (ASX: EXL) has doubled down on the CBD pet products market by acquiring a 25 per cent stake in Altmed Pets (aka Pet Releaf), a leading US pet brand. Elixinol will pay Pet Releaf US$4.4 million in cash and US$1.9 million in Elixinol scrip for the chunk of the company. Pet Releaf is a pioneering company for hemp-derived CBD oil...

Read More...
"Take no action", Automotive Holdings urges shareholders after AP Eagers bid

"Take no action", Automotive Holdings urges shareholders after AP Eagers bid

A merger proposal involving two of Australia's leading car dealerships is revving up as boards seek to steer shareholders in opposing directions. Earlier this month AP Eagers (ASX: APE) made a scrip-for-scrip takeover bid for Automotive Holdings Group (ASX: AHG) which valued the smaller company at $635 million, but hype around the pro...

Read More...
Female board appointments stall for ASX 200 companies

Female board appointments stall for ASX 200 companies

The Australian Institute of Company Directors (AICD) has called the failure to reach an equality target "disappointing" with fewer than expected females appointed to ASX 200 boards in 2019. AICD today released the latest gender diversity statistics of Australia's ASX 200 companies, and progress appears to have stalled. F...

Read More...
Sales slide for Australia's largest listed cannabis company

Sales slide for Australia's largest listed cannabis company

Australian industrial hemp and medicinal cannabis company Elixinol (ASX: EXL) saw its revenue fall by 31 per cent quarter-on-quarter in the first three months of 2019, but the group has bounced back in April with a major US retail order. As the country's largest listed cannabis outfit with a market capitalisation of $639 million, Elix...

Read More...
Creso Pharma gets green light for medicinal cannabis in Brazil

Creso Pharma gets green light for medicinal cannabis in Brazil

With production now underway at its state-of-the-art Canadian cannabis facility,  Creso Pharma (ASX: CPH) has gained access to one of the world's largest economies. Last week Creso announced it had received approval to import its first medicinal cannabis product into Brazil, a market with around 209 million people where...

Read More...
Class action against Lendlease filed in NSW Supreme Court

Class action against Lendlease filed in NSW Supreme Court

Maurice Blackburn has confirmed that a class action against Lendlease (ASX: LLC) will go ahead after filing an open class action in the New South Wales Supreme Court today. The class action arises from alleged misleading behaviour from Lendlease who Maurice Blackburn say failed to adequately disclose the long-running problems affecting it...

Read More...
NAB takes $525M hit as it repays short-changed customers

NAB takes $525M hit as it repays short-changed customers

National Australia Bank (ASX: NAB) has copped a $525 million cost to repay aggrieved customers in the wake of the banking Royal Commission. This $525 million after tax ($749 million before tax) bill accounts for increased provisions for NAB's customer-related remediation program and is expected to cut its 1H19 cash earnings by a whopp...

Read More...
KKR takeover of MYOB greenlit by shareholders

KKR takeover of MYOB greenlit by shareholders

Shareholders have approved the takeover of business software company MYOB (ASX: MYO), giving Kohlberg Kravis Roberts & Co (KKR) the green light. The takeover was on shaky ground for the last month as major shareholder Manikay Partners attempted to buy up enough shares to block the vote. The vote was passed by 73.89 per cent of sha...

Read More...
MGC Pharma secures Chinese distribution agreement for CBD based products

MGC Pharma secures Chinese distribution agreement for CBD based products

Chinese demand for Australian products like skincare, vitamins, and produce is no secret but it seems that Australian cannabis manufacturers are now looking to the Asian giant for distribution. MGC Pharma has signed a distribution agreement with Chinese e-commerce import platform YuShop Global to sell the company's CBD and hemp-enhanc...

Read More...
Smiles Inclusive takes founder Mike Timoney to court

Smiles Inclusive takes founder Mike Timoney to court

Divided dental company Smiles Inclusive (ASX: SIL) has commenced legal proceedings against beleaguered founder Mike Timoney (pictured) alleging serious misconduct and breaches of the law. The action follows the substantial completion of an interim investigation into the conduct of the ousted former CEO who remains on the board along with ...

Read More...
Dulux board agrees to $4.2 billion takeover by Nippon

Dulux board agrees to $4.2 billion takeover by Nippon

Japan's Nippon Paint has made a $4.2 billion offer to acquire DuluxGroup (ASX: DLX) and the Aussie paint empire has given its unanimous thumbs up, urging shareholders to accept the deal. Nippon has offered to buy the company for a 100 per cent cash consideration of $9.80 per share which represents a substantial 27.8 per cent premium t...

Read More...
Blackmores reveals unhealthy quarter as company heir takes the reins

Blackmores reveals unhealthy quarter as company heir takes the reins

The son of the late founder of Blackmores stepped in as interim CEO at the beginning of April and now the company has revealed the state of the group he's inherited. At the end of 3Q19 Blackmores' profit was down 43 per cent to $10 million. Revenue was also down 4 per cent to $141 million. For the first nine months the com...

Read More...
Longtable completes the acquisition of Maggie Beer Products

Longtable completes the acquisition of Maggie Beer Products

The acquisition of Maggie Beer's eponymous line of gourmet foods has been completed by listed food company Longtable (ASX: LON). Longtable now owns 100 per cent of Maggie Beer Products after purchasing the remaining 52 per cent not already owned for $10 million. In order to acquire the remaining 52 per cent of Maggie Beer Products...

Read More...
ACCC takes Bupa to court for allegedly rorting elderly residents of thousands of dollars

ACCC takes Bupa to court for allegedly rorting elderly residents of thousands of dollars

Bupa has come under fire from the Australian Competition and Consumer Commission (ACCC) for allegedly charging elderly residents thousands of dollars for services they never provided. The ACCC says Bupa Aged Care Australia made false or misleading representations to its aged care residents in 21 homes about services it did not provide or ...

Read More...
Dairy-Free Down Under dares to be different

Dairy-Free Down Under dares to be different

One of Australia's only large-scale vegan cheese and dip manufacturers is gaining traction in retail, restaurant and export channels as it cuts a slice of the rapidly-growing market for plant-based foods. Development of the Gold Coast-headquartered brand Dairy-Free Down Under started in 2015, but it wasn't until March 2018 th...

Read More...
Quinn Emanuel files class action against IOOF

Quinn Emanuel files class action against IOOF

Just under a month after announcing its intention to file a class action law suit against financial advice firm IOOF (ASX: IFL) Quinn Emanuel Urqhart & Sullivan (Quinn Emanuel) has filed the proceedings in the Supreme Court. The class action is part of the industry-wide fallout from the Royal Commission into the banking and finance se...

Read More...
ACCC takes iSelect to court over its allegedly misleading comparison tool

ACCC takes iSelect to court over its allegedly misleading comparison tool

Comparison service iSelect has wound up in court after the Australian Competition and Consumer Commission (ACCC) alleged that its energy plan comparison service was misleading. The watchdog alleges that since November 2016 iSelect has claimed consumers using its website would benefit from iSelect comparing all plans available from its par...

Read More...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 1487
Mudgeeraba QLD 4213

LoginTell a FriendSign Up to Newsletter