First stage complete for $100m Gold Coast marina upgrade

First stage complete for $100m Gold Coast marina upgrade

Boat Works' northern superyacht precinct development on the Gold Coast has its new 'dry marina' now operational as the first stage of a $100 million upgrade due for completion in October this year.  Works for the Longhurst family's ambitious venture in Coomera only started seven months ago and will effectively double ...

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Meet the young CEO of a leading international cyber security firm

Meet the young CEO of a leading international cyber security firm

For most people, the age of 19 usually indicates the first year of University, and the beginning of a career, perhaps an unpaid internship. For Sam Crowther (pictured), CEO of cyber security firm Kasada, 19 is the year he founded a company that would go on to become a major international player. I know, I gasped too. With cybersec...

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Blue Sky fails to meet Oaktree loan conditions

Blue Sky fails to meet Oaktree loan conditions

After warning the market that it might not be able to meet the conditions of a $50 million loan from US-based Oaktree Capital, Blue Sky Alternative Investments (ASX: BLA) has confirmed it is in breach of a financial covenant in relation to earnings. The troubled investment group has confirmed to shareholders that it did not meet its oblig...

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TPG and Vodafone to file legal action against ACCC

TPG and Vodafone to file legal action against ACCC

Following the Australian Competition and Consumer Commission's ('ACCC') decision to oppose the $15 billion merger between Vodafone (ASX: HTA) and TPG (ASX: TPM) both telcos have committed to taking on the watchdog in court. In an ASX statement late yesterday afternoon TPG says that it intends on challenging the watchdog's ...

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ACCC opposes Vodafone and TPG merger

ACCC opposes Vodafone and TPG merger

The Australian Competition and Consumer Commission ('ACCC') has announced that it will block the merger between telecommunications giants TPG Telecom (ASX: TPM) and Vodafone (ASX: HTA), saying the merger would lessen competition.  The consumer watchdog inadvertently published a statement online this afternoon stating that the...

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BioPak and Qantas launch first ever zero-waste flight

BioPak and Qantas launch first ever zero-waste flight

Environmentally friendly packaging company BioPak has partnered with Qantas to see the world's first zero-waste flight take off. Launching from Sydney and landing in Adelaide earlier today the flight saw BioPak take control of the plane's food packaging as part of a zero-waste trial. BioPak's compostable packaging will be ...

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Home diagnosis tech prepares IPO for US expansion

Home diagnosis tech prepares IPO for US expansion

What the introduction of the thermometer was to checking fevers, a new series of Australian-developed tools could be for diagnosing infectious diseases like the flu and tuberculosis (TB). Ellume managing director and founder Dr Sean Parsons is a clinician himself and has witnessed firsthand the capacity constraints at health facilities to...

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Brazilians launch $7 billion law suit on BHP for Mariana dam collapse

Brazilians launch $7 billion law suit on BHP for Mariana dam collapse

In what could be the largest claim in UK legal history over 200,000 Brazilians have launched a class action law suit against Australian mining group BHP Billiton (ASX: BHP). The law suit claims that the mining group 'knew of the risks' surrounding the deteriorating condition of a Brazilian dam in the years before its deadly collap...

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AHG recommends AP Eagers' improved new offer

AHG recommends AP Eagers' improved new offer

The board of Automotive Holdings Group (ASX: AHG) has welcomed an improved takeover offer from AP Eagers (ASX: APE). Two weeks ago, AHG recommended shareholders take no action regarding AP Eagers' offer of one AP Eagers share for every 3.8 AHG shares held. Now, the offer has been increased to one AP Eagers share for every 3.6 AHG ...

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Carly vehicle subscription service launches in Melbourne

Carly vehicle subscription service launches in Melbourne

Following its successful launch in Sydney at the end of March as Australia's answer to Netflix for cars, Carly has launched in Melbourne. Carly is described as an alternative to buying or leasing a car, and instead has its users pay a monthly subscription fee to access a huge fleet of vehicles. From today, Melbourne's Carly su...

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MGC Pharma sends first medical cannabis solution to the UK

MGC Pharma sends first medical cannabis solution to the UK

MGC Pharma (ASX: MXC) is one step closer to making its mark on the recently legalised medicinal cannabis market in Great Britain, with the announcement today the first shipment of its CannEpil solution has landed in the UK. The milestone follows an exclusive distribution agreement reached with Grow Biotech and IPS Specials, leaders in the...

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Your Money channel to shut down

Your Money channel to shut down

News channel Your Money will cease broadcasting in 10 days' time after joint venture partners found its revenue model was more difficult than envisioned and failed to meet expectations. The decision comes after just seven months of air time for the joint venture between Nine Entertainment (ASX: NEC) and News Corp (ASX: NWS) subsi...

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Retail Food Group backflips on use-by date extensions

Retail Food Group backflips on use-by date extensions

Following an exposé by The Sydney Morning Herald the parent company behind Michel's Patisserie has backflipped on its internal decision to extend use-by dates on food products. As reported by The SMH Retail Food Group (ASX: RFG) instructed Michel's franchisees to ignore expiry dates on packaging and adopt new shelf-life dat...

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Financial impact of LandMark White cyber attack revealed

Financial impact of LandMark White cyber attack revealed

The data beach of listed property valuation group LandMark White has hurt the company's revenue by up to $7 million. The company has revealed today the full extent of the breach on the group's bottom line, plus the significant cost of making sure this type of cyber-attack does not happen again. The company says the breach, whi...

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Westpac first half profit down $1 billion

Westpac first half profit down $1 billion

Westpac (ASX: WBC) has seen its profits dive in 1H19 thanks to major remediation and restructuring items. At the end of the half the group recorded a net profit of $3.2 billion, down 24 per cent on 1H18, with earnings down 22 per cent to $3.3 billion. The group says profits were hit by provisions for estimated customer refunds, repaym...

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Bubs to launch Australia's first grass-fed infant milk formula

Bubs to launch Australia's first grass-fed infant milk formula

Infant formula producer Bubs Australia (ASX: BUB) has announced its latest product offering, and it's a national first. The company will produce Australia's first certified organic grass-fed infant formula in conjunction with Fonterra Australia. Fonterra will supply Bubs with organic milk powder, sourced from New Zealand, and ...

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QIC launches $494 million takeover of Superloop

QIC launches $494 million takeover of Superloop

Internet infrastructure company Superloop (ASX:SLC) has received a takeover offer from a Queensland private capital group for $494 million. The proposed deal would see QIC Private Capital, on behalf of its global infrastructure managed and advised funds and clients, acquire the Bevan Slattery (pictured) founded company for $1.95 per share...

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Keybridge ditches takeover of underperforming Yowie

Keybridge ditches takeover of underperforming Yowie

Keybridge (ASX:KBC) has decided to not proceed with its proposed takeover of confectionary company Yowie (ASX:YOW). The company says that after considering Yowie's quarterly cashflow report, which Keybridge described as "disappointing", it will not pursue the takeover. Yowie reported a significant operating loss, a nearl...

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Jordan Grives' Fone Dynamics scooped up by Uniti Wireless

Jordan Grives' Fone Dynamics scooped up by Uniti Wireless

Emerging telco player Uniti Wireless (ASX: UWL) has picked up Brisbane-based tech startup Fone Dynamics. Founded by serial entrepreneur and Young Entrepreneur of the Year (2016) Jordan Grives, Fone Dynamics is a specialist communications platform-as-a-service ('CPaaS') company. The group focuses on modern inbound voice and bus...

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Acquisitions give Darrell Lea owners chunk of $1B healthy snack market

Acquisitions give Darrell Lea owners chunk of $1B healthy snack market

The owners of iconic Australian confectionery company Darrell Lea are capitalising on trends towards more frequent and healthier snacking, through the acquisition of eight brands in the growing market segment. RiteBite Group, an entity recently formed by Darrell Lea's Sydney-headquartered owner Quadrant Private Equity, last month purc...

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