Art Series to open its ninth hotel in Perth

Art Series to open its ninth hotel in Perth

The new hotel will be the first time the brand has had a presence in WA. Art Series' foray into WA comes in the form of a $90 million hotel developed by George Atzemis at 900 Hay Street, Perth. The 27 storey hotel is dedicated to Australia's contemporary artists, with the fundamental design concept of the 250-room hotel drawin...

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Tritium launches electric vehicle R&D centre in Brisbane

Tritium launches electric vehicle R&D centre in Brisbane

There's no denying it. Car manufacturers around the world are gearing up for an electric vehicles (EV) future, and without an automotive industry of our own, Australia will need to take heed sooner or later.  Queensland based Tritium knows this for a fact, and the company is growing at a remarkable rate< so fast that it's ...

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Melbourne tech startup A Cloud Guru raises $46M

Melbourne tech startup A Cloud Guru raises $46M

A fast-growing enterprise technology company specialising in online cloud computer training has completed one of the biggest funding rounds in Australia to date in 2019, with backing from domestic and US investors. A Cloud Guru (ACG) has successfully closed a growth equity investment of USD$33 million (AUD$46.8 million), led by US-ba...

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Anthony Catalano acquires Nine's regional media and printing business

Anthony Catalano acquires Nine's regional media and printing business

Anthony Catalano, the former CEO of Domain, has acquired Nine's (ASX: NEC) Australian Community Media ('ACM') and printing business for $115 million. The cash proceeds of the sale are expected to be around $115 million, subject to post completion adjustments of which $10 million will be paid in 12 months. Nine expects to use t...

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Slater & Gordon files class action against Vocus

Slater & Gordon files class action against Vocus

Disgruntled shareholders in Vocus Group (ASX: VOC) are taking legal action against the Australian telecommunications company over its FY17 earnings falling well short of guidance by around $64 million. Vocus today announced it had been served with a class action proceeding filed by Slater & Gordon (ASX: SGH) i...

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Former Megaport exec to lead Cloudscene

Former Megaport exec to lead Cloudscene

A telecommunications industry marketplace and cloud directory founded by Bevan Slattery in 2016 has gone on to become the largest of its kind globally, and is about to embark on a new phase of growth. Cloudscene, a comprehensive directory of data centres and cloud service providers, was created by the entrepreneur responsible for such suc...

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Record results for Freelancer as global expansion continues

Record results for Freelancer as global expansion continues

The world's largest freelancing and crowdsourcing marketplace Freelancer (ASX: FLN) achieved a record gross payment volume of $204.3 million in the first quarter, representing year-on-year growth of 25.6 per cent. In an announcement today, the company highlighted cash receipts also hit a record of $14 million after rising 15.8 per cen...

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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...

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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...

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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...

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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...

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"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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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 ...

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