Bega returns to business as usual post-bushfires

Bega returns to business as usual post-bushfires

Australian dairy producer Bega Cheese (ASX: BGA) hopes to get the business back up and running as soon as possible following the disastrous Australian bushfires. The company says while the bushfires have had a "significant impact" on its farmers and employees there has been minimal direct impact to the company overall or its ong...

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ECS Botanics scores Woolworths distribution deal for hemp-based soups

ECS Botanics scores Woolworths distribution deal for hemp-based soups

Hemp food company ECS Botanics (ASX: ECS) has landed a distribution deal with Woolworths that will see a range of hemp-based soups stocked on the supermarket's shelves. While the total revenue expected to be generated from the deal is still uncertain, the company will ramp up manufacturing runs to meet the anticipated first order from...

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Bushfire season slams Suncorp with $519m natural hazard cost

Bushfire season slams Suncorp with $519m natural hazard cost

The destructive bushfires witnessed over the end of 2019 and into the beginning of the 2020 have proven costly for Suncorp's (ASX: SUN) insurance arm, with natural hazard costs in 1H20 topping out at $519 million. Since September 2019 the Queensland-based company has received more than 2,600 bushfire-related claims, with a total estim...

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Australian Vintage confirms extent of damage from SA bushfires

Australian Vintage confirms extent of damage from SA bushfires

Wine company Australian Vintage (ASX: AVG) has confirmed that a vineyard in South Australia has been affected by bushfires. AVG's 30-hectare vineyard in Charleston, east of Adelaide and near Lobethal, was impacted by the Cudlee Creek bushfire which burnt through more than 17,000 hectares and destroyed more than 80 houses. "It...

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Bolton's Keybridge Capital receives yet another takeover offer

Bolton's Keybridge Capital receives yet another takeover offer

It seems like everyone wants a slice of Keybridge Capital (ASX: KBC), with Australian alternative asset manager Aurora Funds Management throwing its hat in the ring for control of the company. Aurora's Dividend Income Trust (ADIT) announced this afternoon that it intends to make an off-market takeover bid at 6.6c per share to take con...

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Camplify to arrange free accommodation for bushfire victims

Camplify to arrange free accommodation for bushfire victims

With close to 2,000 homes destroyed over this horror bushfire period many Australians are without viable accommodation as the crisis continues. Australia's largest caravan hire and RV sharing community Camplify has stepped up to the plate to offer those affected by the fires free temporary accommodation. The scale-up has created a...

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Kangaroo Island Plantation Timbers ravaged by SA bushfires

Kangaroo Island Plantation Timbers ravaged by SA bushfires

Listed timber business Kangaroo Island Planation Timbers (ASX: KPT) has entered into voluntary suspension from the ASX after its plantations were significantly affected by the South Australian bushfires. The company is still assessing the total damage done to its plantations, but it is estimated that about 90 per cent of the plantations o...

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Business Council calls on companies to support bushfire relief

Business Council calls on companies to support bushfire relief

The Business Council of Australia has called on its members to support Australians suffering from the ongoing bushfire crisis by coordinating to provide supplies and relief. In addition to two key trusts, the BCA is encouraging businesses with employees voluntarily fighting the bushfires to support those staff with a minimum of 20 days pa...

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Domino's to be served with fresh Federal Court claim by franchisee

Domino's to be served with fresh Federal Court claim by franchisee

Brisbane-based Domino's Pizza Enterprises (ASX: DMP) and its high-profile managing director Don Meij (pictured) will soon be served with a claim in the Federal Court by one of their long-term franchisees. As reported by The Courier Mail, the franchisee in question is Perth-based fast-food veteran Frederick Aloysius Mario White. Wh...

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21 Harris Scarfe stores to close nationwide

21 Harris Scarfe stores to close nationwide

In the lead up to Christmas Australia suffered yet another retail casualty with legacy department store Harris Scarfe announcing that it had fallen into receivership. Today the receivers have revealed the body count of the store's fumble, with 21 stores located around the country to close over the next four weeks. The receivers, D...

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Australian businesses impacted by bushfires

Australian businesses impacted by bushfires

Australia's deadly bushfires have ravaged the country over the Christmas and New Years holiday period in an unprecedented way. At least 19 people have died, and at least 1400 homes have been destroyed in fires along the east coast and in South Australia. So bad have these bushfires been that the Federal Government has mobilised th...

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Blackbook.ai and IRIQ Law build AI legal advisor

Blackbook.ai and IRIQ Law build AI legal advisor

Like seeing the dentist, booking an appointment with a doctor, or finding time to get your computer fixed, hiring a lawyer is often pushed into the Too Hard Basket. Complicated legalese, the looming bills, and the simple fact of time often intimidate many into simply moving on with life despite there being a good chance that a lawyer coul...

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CannPal shares skyrocket on exclusive CSIRO commercialisation agreement

CannPal shares skyrocket on exclusive CSIRO commercialisation agreement

Commercialisation is on the cards for pet pharmaceuticals company CannPal (ASX: CP1) after the company signed a deal with the Commonwealth Scientific and Industrial Research Organisation (CSIRO). The agreement has seen the CSIRO grant CannPal the exclusive global rights to commercialise the patented MicroMAX microencapsulation technology ...

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Volkswagen slammed with record $125 million penalty

Volkswagen slammed with record $125 million penalty

German car manufacturer Volkswagen has been ordered to pay $125 million in penalties by the Australian Federal Court after breaching consumer law by making false or misleading representations. Volkswagen's $125 million fine is the largest total penalty order ever made by the Federal Court for contraventions of Consumer Law. The pe...

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Lendlease to divest underperforming engineering business for $180 million

Lendlease to divest underperforming engineering business for $180 million

Through FY19 property project developer Lendlease's (ASX: LLC) engineering business has been causing some significant headaches for the company. The segment was one of the main reasons the company posted a 40 per cent dive in profits, down to $467 million from $793 million. It is also currently privy to a class action brought by P...

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Village Roadshow receives $1 billion takeover offer

Village Roadshow receives $1 billion takeover offer

Village Roadshow has received a takeover offer worth almost $1 billion from Pacific Equity Partners (PEP), the investor behind a diverse array of companies including UP Education and Patties Foods. PEP has confirmed it is willing to offer a full cash consideration or a combination of cash and scrip for the Movie World parent. The boar...

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Dexus secures $2.1 billion redevelopment of Brisbane's Eagle Street pier

Dexus secures $2.1 billion redevelopment of Brisbane's Eagle Street pier

Two sparkly new office towers, a variety of restaurants and shops, a green open space, and enhanced riverbank facilities are on the cards for a $2.1 billion Brisbane waterfront master plan. Announced this morning by the Queensland Government the development will be helmed by property group Dexus who will transform the city's Eagle Str...

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Mirvac and John Holland selected to deliver Waterloo metro station development

Mirvac and John Holland selected to deliver Waterloo metro station development

A consortium comprised of Mirvac (ASX: MGR) and John Holland have been selected to deliver Sydney Metro's station development at Waterloo. The anticipated end value of the development is $800 million and should be completed over the next five to six years. John Holland will deliver the Waterloo metro station component of the devel...

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Seven West-Prime Media merger blocked by shareholders

Seven West-Prime Media merger blocked by shareholders

UPDATE: Seven West Media has acquired a 14.9 per cent stake in Prime Media Group following its failed takeover of the company. CEO James Warburton says the stake was acquired to "provide stability for the business" and to "support regional Australia and regional news". The proposed merger of Seven West Media (ASX: SWM)...

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ACCC raises concerns over Bauer Media's acquisition of Pacific Magazines

ACCC raises concerns over Bauer Media's acquisition of Pacific Magazines

The proposed merger of two of the biggest magazine publishers in Australia has raised some red flags for the consumer watchdog. In October, Pacific Magazines (ASX: SWM) announced it was to be bought by Germany-based magazine publisher Bauer Media for $40 million. The acquisition still needs to overcome the hurdle of approval from the ...

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