Business bank Tyro considering ASX listing

Business bank Tyro considering ASX listing

Payments and banking company Tyro told investors this morning that it is considering an ASX listing in a brief statement posted online. The company says that the listing is not a done deal, and a number of conditions must be met first. "Tyro Payments Limited today announced it is investigating the potential to move from its curre...

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Villa World enters deal for takeover from AVID

Villa World enters deal for takeover from AVID

Property company Villa World (ASX: VLW) is now one step closer to handing over the keys to new owners, after suitor AVID Property Group completed due diligence for its proposed $293.5 million takeover of the Gold Coast group. Villa World's board slated its intention in May to unanimously recommend the proposal to shareholders, and now...

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Pokies giants Ainsworth and Aristocrat to duke it out in the Federal Court

Pokies giants Ainsworth and Aristocrat to duke it out in the Federal Court

Last Thursday one of Australia's major players in the world of pokies filed a claim in the Federal Court against its biggest rival. After months of preparation, Aristocrat Technologies Australia (ASX: ALL) has taken Ainsworth Game Technologies (ASX: AGI) to the Federal Court, alleging breach of copyright. The case revolves around ...

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GBST snubs fresh takeover bid from FNZ

GBST snubs fresh takeover bid from FNZ

Fintech GBST (ASX: GBT) has received a higher takeover bid from FNZ Custodians at a $4 million premium to a current deal in the works, but the board has questioned the New Zealand company's approach. GBST, which provides custom technology across a range of financial services, has been in the sights of a few companies since April inclu...

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Frank Costa retires from the Costa Board

Frank Costa retires from the Costa Board

After a lifetime of building Costa Group (ASX: CGC) into the company it is today Frank Costa is stepping down from his position as a non-executive director. He will continue to retain his involvement with the company as an advisor to the board, whilst the Costa family still holds a significant share of the company.  The produce b...

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AP Eagers to divest Newcastle car dealers to secure AHG merger

AP Eagers to divest Newcastle car dealers to secure AHG merger

The one bump in the road toward the proposed merger of two of Australia's largest automotive groups has been more or less flattened following this morning's announcement from AP Eagers (ASX: APE). The 106-year-old company has announced it will divest its Newcastle and Hunter Valley based car dealer Kloster Motor Group for $54 mill...

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Demystifying exports with MooGoo's Craig Jones

Demystifying exports with MooGoo's Craig Jones

Over the last few years exports have been firmly on the mind of the founder of MooGoo, Craig Jones. The Gold Coast-based skincare company has taken off overseas, thanks primarily to its status as a natural remedy for skin problems like eczema and psoriasis. The company has hit major milestones over the last two years, like a bumper or...

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Removify was Nick Bell's startup itch that needed to be scratched

Removify was Nick Bell's startup itch that needed to be scratched

Removify is helping businesses remove unwanted and fake online reviews and content with a 'no win, no fee' business model. Nick Bell (pictured) could easily have been forgiven for taking a break from the business world following his $39 million sale of WME Group to Melbourne IT (ASX:MLB) in 2017. But Bell couldn't kee...

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Aveo confirms Brookfield as preferred takeover partner

Aveo confirms Brookfield as preferred takeover partner

Canadian investment group Brookfield has been named as Aveo's (ASX: AOG) preferred takeover partner. The senior living provider announced this morning it is in talks with Brookfield about a possible takeover. While the suitor has been named as Aveo's "preferred" takeover partner, the two still need to enter into defi...

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Elixinol secures exclusive German distribution deal

Elixinol secures exclusive German distribution deal

Germany's fledgling medicinal cannabis industry is ripe for the picking, and Australia's leading player in the sector is making moves to dominate. Elixinol Global (ASX: AXL), recently highlighted by Business News Australia as the top cannabis company in the country, has signed an exclusive agreement to distribute its products into...

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Medlab shares surge on strong sales results

Medlab shares surge on strong sales results

An Australian medicinal cannabis company achieved 50 per cent year-on-year revenue growth in the June quarter, backed by a roll-out of its nutraceutical range Priceline and TerryWhite Chemmart pharmacies. Medlab Clinical (ASX: MDC) recorded revenue of $3 million for the quarter, and that money didn't even come from its flagship NanaBi...

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Troubled Silver Chef settles for less

Troubled Silver Chef settles for less

Silver Chef (ASX: SIV) has come to an agreement with the consortium led by Next Capital that is seeking to take the company private. Now that Next Capital has pored over Silver Chef's books it appears as if Silver Chef is willing to settle for less. The embattled Silver Chef and the consortium led by Next Capital have deliberated ...

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Former Sirtex CEO pleads guilty to insider trading

Former Sirtex CEO pleads guilty to insider trading

The former CEO and director of biotech company Sirtex Medical, Gilman Edwin Wong (pictured), has pleaded guilty to one charge of insider trading. Wong was committed to the Sydney District Court for sentencing on a date to be fixed. The charge of insider trading relates to Wong's sale of 74,698 shares on 26 October 2016 while in po...

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Australian Unity Office Fund receives improved takeover offer

Australian Unity Office Fund receives improved takeover offer

A consortium of two major Sydney-based property companies has put some icing on the cake in its bid for Australian Unity Office Fund (ASX: AOF), a holder of nine metropolitan and CBD office properties with a market cap of close to $487 million. On 4 June, a group associated with Abacus Property Group (ASX: ABP) and Charter Hall Group...

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How Bondi Sands embraced Australia to sell to the world

How Bondi Sands embraced Australia to sell to the world

Business success often reads like witchcraft. A dash of this, a pinch of that, and the first hair of a newborn baby is all it takes for your business to be the next big thing! For the founders of Bondi Sands, the main ingredient in their spell is Australia itself. The company, which sells tanning and suncare products, has become one o...

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CuDeco goes into receivership

CuDeco goes into receivership

Gold Coast-headquartered copper miner CuDeco (ASX: CDU) has entered receivership after a year marked by the total suspension of its Cloncurry mine, a glimmer of hope from a cobalt deal and a string of executive departures. When founder Wayne McRae was touting the potential of CuDeco's Rocklands project in Cloncurry in 2006, shares in ...

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Cromwell pours $300M from sale of Sydney tower into acquisition cash pool

Cromwell pours $300M from sale of Sydney tower into acquisition cash pool

Cromwell Property Group (ASX: CMW) has exchanged contracts to sell its 50 per cent stake in Sydney's Northpoint Tower to a Hong Kong-based company for $300 million. The real estate manager will offload its remaining interest in Northpoint to Early Light International, which initially acquired 50 per cent of the asset from Redefine Pro...

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Could medicinal cannabis curb the opioid crisis?

Could medicinal cannabis curb the opioid crisis?

One of Australia's leading cannabis companies Zelda Therapeutics (ASX: ZLD) has been given the greenlight to commence an opioid reduction trial. The trial at St Vincent's Hospital in Melbourne will see Zelda assess the effectiveness of medicinal cannabis in reducing opioid dependence in patients with chronic non-cancer pain. T...

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People Infrastructure acquires nursing recruitment firms

People Infrastructure acquires nursing recruitment firms

Less than two weeks after its initial announcement, People Infrastructure (ASX: PPE) has completed the $16.8 million buyout of nursing businesses First Choice Care and Carestaff Nursing services. The acquisitions have bolstered People Infrastructure's growing health and community care business, and the company expects they will bring ...

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Flight Centre acquires French corporate travel business

Flight Centre acquires French corporate travel business

Flight Centre (ASX: FLT) has taken full ownership of Paris-based corporate travel group 3Mundi, bringing around 170 million euros ($275 million) in annual total transaction value (TTV) under its global umbrella. In 2017 Flight Centre took a 25 per cent stake in the company, and yesterday's acquisition was based on the terms of a put-c...

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