Bevan Slattery's SUB.CO to connect Oman and Perth with subsea cable

Bevan Slattery's SUB.CO to connect Oman and Perth with subsea cable

Subsea fibre cable infrastructure group SUB.CO is set to build the Oman Australia Cable (OAC), a new system directly connecting Muscat, Oman with Perth which will ultimately give Australia closer links and a lower latency route to Europe.  The company founded by Bevan Slattery is the only group currently building a cable of this...

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A merged AVID and Villa World is a force to be reckoned with

A merged AVID and Villa World is a force to be reckoned with

Last week AVID Property Group and Villa World tied the knot, establishing the pairing as one of the top 10 land developers in the country. The $410 million acquisition of Villa World by AVID, completed last week, will see AVID's portfolio increase from 10 to 37 projects and more than 12,000 residential lots, securing a gross revenue p...

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Vicinity divests two malls for $200 million

Vicinity divests two malls for $200 million

Shopping centre operator Vicinity Centres (ASX: VCX) has divested two malls for a total of $195.5 million. The two centres are both suburban malls, with the Mt Ommaney Centre in Queensland selling for $94.5 million while the Corio Central mall near Geelong sold for $101 million. The total $195.5 million received in the divestment of t...

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Expert360 pens $500m deal with recruitment giant Hudson

Expert360 pens $500m deal with recruitment giant Hudson

Expert360 is on track to becoming the world's biggest jobs platform for highly skilled, non-permanent professionals following a deal with recruitment giant Hudson. The marketplace and management platform for independent consultants and contractors has penned a deal with Hudson that is worth $500 million. As part of the deal, Exper...

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Wattle Health inks breakthrough JV deal with state-backed Chinese dairy company

Wattle Health inks breakthrough JV deal with state-backed Chinese dairy company

In a year marked by a freefall in its share price, infant food producer Wattle Health (ASX: WHA) has now reached a collaboration agreement with leading Chinese nutritional dairy company Nouriz. Nouriz, whose biggest shareholder is state-owned enterprise China Animal Husbandry Group (CAHG), will form an Australia-based 50/50 joint vent...

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Charter Hall property trust announces trio of acquisitions and $242 million equity raise

Charter Hall property trust announces trio of acquisitions and $242 million equity raise

Three major acquisitions and a $242 million equity raise will boost the portfolio of Charter Hall's (ASX: CHC) real estate investment trust (ASX: CLW). The trust has entered into agreements to acquire interests in two office buildings located in Melbourne and Sydney, and a Bunnings Warehouse site in Darwin. In total, the three acq...

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EMVision builds breakthrough portable brain scanner

EMVision builds breakthrough portable brain scanner

In what has been described as a medical breakthrough, med-tech EMVision (ASX: EMV) has unveiled its prototype portable brain scanner. The brain scanner has been in development for close to a decade and will allow doctors to perform scans on stroke patients from virtually any location. The machine is the size of an ultrasound unit and ...

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Entrepreneurs team up to make plastic straws a thing of the past

Entrepreneurs team up to make plastic straws a thing of the past

Two Australian competitors have come together on a mission to tackle single-use plastics. Little Green Panda and Stroh, both manufacturers of compostable, plant-based straws, have entered a joint venture to lead the plastic-free revolution. Manon Beauchamp-Tardieu's (pictured below, centre) Little Green Panda and Teresa Aylott'...

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RotoGro blazes into cannabis cultivation with Canadian acquisition

RotoGro blazes into cannabis cultivation with Canadian acquisition

RotoGro (ASX:RGI) is expanding its modus operandi with the acquisition of 51 per cent of Canadian medicinal cannabis cultivator Medicinal Compassion CanniFarms. The acquisition, worth around $7.5 million, is part of RotoGro's plans to streamline its business model, but vertically integrating a cultivator directly into the RotoGro busi...

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Smiles confirms $1.25m cash burn in Q1

Smiles confirms $1.25m cash burn in Q1

Embattled dental care group Smiles Inclusive (ASX: SIL) has revealed its cash burn averaged more than $416,000 per month in the first quarter of FY20, which is more than the amount of cash it held in the bank at the end of the period. After recently completing a $3.3 million capital raise of which $2 million had to come from sub-underwrit...

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Car industry on notice as Mazda faces court

Car industry on notice as Mazda faces court

Car manufacturer Mazda's Australian arm will face the Federal Court over allegations of unconscionable conduct and misleading statements in relation to faulty cars. As alleged by the Australian Competition and Consumer Commission (ACCC), Mazda engaged in unconscionable conduct and made false representations in its dealings with custom...

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Atlassian's Trello cracks 50 million user milestone

Atlassian's Trello cracks 50 million user milestone

Kanban-style project management tool Trello has today hit a milestone of 50 million registered users, making it Atlassian's most successful business acquisition to date. Since acquiring Trello in 2017, Atlassian has grown the software from 19 million users to today's bumper 50 million. To celebrate, Atlassian has expanded the ...

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Feels like we only go backwards: ASX board diversity falling

Feels like we only go backwards: ASX board diversity falling

The push to get more women on ASX 200 boards has hit a roadblock with rates of female appointments falling according to the Australian Institute of Company Directors (AICD). The AICD's latest Gender Diversity Quarterly Report notes women now represent 29.5 per cent of directors on ASX 200 boards, down from 29.7 per cent in July. I...

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Compensation Partners Lawyers to relaunch as Kingsley Lawson Lawyers

Compensation Partners Lawyers to relaunch as Kingsley Lawson Lawyers

Since launching in 2013, Compensation Partners Lawyers, specialists in compensation law, have witnessed a solid growth in operation. With a staff of 16 in offices across New South Wales and Queensland, the boutique law firm has built its reputation on integrity, dexterity and expertise in the area of compensation law. As founder and M...

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Medicinal cannabis firm Greenfield MC Global turns to crowdfunding for expansion

Medicinal cannabis firm Greenfield MC Global turns to crowdfunding for expansion

Listed Australian medical cannabis stocks have fallen from grace in the past six months, following suit from global industry leaders in North America such as Canopy Growth Corp, Aphria Inc and Aurora Cannabis. Despite strong prescription growth in Australia and inroads in many jurisdictions abroad, not to mention recreational cannabi...

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Suncorp exec to take the wheel at RACQ

Suncorp exec to take the wheel at RACQ

Suncorp's (ASX: SUN) CEO of banking and wealth David Carter (pictured) has stepped down to take on a new role. Carter will leave the Brisbane-based company in early 2020 to take on the role of CEO at Queensland motoring body RACQ. Suncorp CEO Steve Johnston, who was appointed to lead the company in early September, says Carter led...

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Woolworths underpaid staff by up to $300 million

Woolworths underpaid staff by up to $300 million

Australia's largest retailer has 'unreservedly apologised' after a review prompted by an enterprise agreement (EA) found 5,700 were underpaid. Woolworths Group's (ASX: WOW) internal review of its supermarkets and Metro stores found inconsistency in pay for salaried store team members compared to team members under the...

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ACCC takes Google to court over misleading use of user location data

ACCC takes Google to court over misleading use of user location data

The Australian Competition and Consumer Commission ('ACCC') has launched proceedings in the Federal Court against Google, alleging the Silicon Valley giant misused users' location data. The watchdog claims that from at least January 2017, Google breached the Australian Consumer Law when it made on-screen representations on And...

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BAF struggles to shake off links to Blue Sky

BAF struggles to shake off links to Blue Sky

"Come on!" is the gist of the latest announcement from Blue Sky Alternatives Access Fund (ASX: BAF), a Sydney-headquartered investment house that continues to rue the day it adopted the name of its Gold Coast counterpart now in administration. Two weeks ago the fund announced negotiations had been delayed to replace a Blue Sky s...

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Benjamin Hornigold demands repayment as JB Financial Group falls into receivership

Benjamin Hornigold demands repayment as JB Financial Group falls into receivership

The company that holds the majority of Benjamin Hornigold's (ASX: BHD) assets has fallen into receivership, and the embattled company is anxious for repayment. JB Financial Group (JBFG) fell into receivership today, with Wexted Advisors being appointed as the group's receivers and managers by Partners For Growth (PFG) under its se...

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