The Star's growth dims as the financial year closes in

The Star's growth dims as the financial year closes in

Growth revenue is softening for The Star Entertainment Group (ASX: SGR) due to various challenges faced by the company. Between 1 January and 8 June 2019 domestic revenue only rose 0.3 per cent year-on-year. International VIP trends continue to fall as was the case in 1H19, with turnover down 31.1 per cent in 2H19 thus far. As a r...

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Blue Sky CEO no longer required

Blue Sky CEO no longer required

Blue Sky has announced it no longer requires a CEO and has said farewell to Joel Cann (pictured) in a rather unceremonious fashion. Blue Sky, currently in receivership since 20 May, released the news in a curt announcement to the ASX. As a result, CEO Joel Cann left Blue Sky last Friday. Cann was only in the position of CEO for just o...

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Australia's largest cannabis company enters JV with RFI

Australia's largest cannabis company enters JV with RFI

Major Australian cannabis player Elixinol (ASX: EXL) expects its US subsidiary will have greater exposure to markets thanks to a strategic partnership secured with RFITD Holdings. The new alliance links Elixinol to RFI, a New York-based food ingredients manufacturer that has been in business since 1989. The two new partners ...

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AGL makes $3 billion bid for Vocus

AGL makes $3 billion bid for Vocus

AGL Energy (ASX: AGL) is having a second crack at acquiring internet service provider Vocus (ASX: VOC) after Swedish suitor EQT backed down from its bid last week.  In late May AGL confirmed it had already made a confidential offer for the telco which owns the Dodo and iPrimus brands, but an inability to reach acceptable due diligenc...

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Let's get physical: Viva Leisure lists on the ASX

Let's get physical: Viva Leisure lists on the ASX

Viva Leisure (ASX: VVA) has become the first health club group to list on the ASX this morning following a heavyweight $20 million IPO. The Canberra-based company has operated in the health, fitness and aquatic centre space since 2004, and now has 33 different locations under its wing. Its portfolio of brands includes Club Lime, Hiit ...

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Onterran creditors approve deed of company arrangement

Onterran creditors approve deed of company arrangement

Following its failed attempt to transform the Couran Cove Island Resort on Stradbroke Island Onterran's (ASX: OTR) creditors have approved a deed of company arrangement (DOCA). At a second creditor's meeting yesterday the administrators of Onterran passed a resolution that the company should execute a DOCA. David Clout and Pat...

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Uber comes out on top in Fair Work investigation

Uber comes out on top in Fair Work investigation

The results of an investigation conducted by the Fair Work Ombudsman is sure to have Uber smiling, with the watchdog confirming that Uber is not an "employer" in the traditional sense. The investigation was launched to determine whether Uber's Australian operations could be considered as that of an employer, the natural resu...

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LandMark White suspended from trading for the second time this year

LandMark White suspended from trading for the second time this year

Listed property valuer LandMark White (ASX: LMW) has been suspended from trading on the ASX following a second data breach of company documents. This suspension is the second this year for LMW which is attempting to repair its reputation with key banking clients. Following the second data breach, which was announced at the end of June...

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Creso Pharma to be acquired for $122 million by Canadian company

Creso Pharma to be acquired for $122 million by Canadian company

Australian medicinal cannabis company Creso Pharma (ASX: CPH) has announced that it has entered an agreement to be acquired by a PharmaCielo for $122 million. PharmaCielo is a cannabis group listed on Canada's TSX Venture Exchange, with a market capitalisation of $675 million. The Canadian company is the parent of the largest cann...

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Afterpay buy-now pay-later formula proves a success in the US

Afterpay buy-now pay-later formula proves a success in the US

Buy-now pay-later fintech Afterpay Touch Group's (ASX: APT) latest business update shows the company's US expansion is performing well on track. As it stands Afterpay's US business is generating approximately $1.7 billion in annualised underlying sales. This figure was achieved just 13 months after the group first landed in th...

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BOQ names George Frazis as new CEO

BOQ names George Frazis as new CEO

The Bank of Queensland (ASX: BOQ) has appointed former Westpac executive George Frazis as its new CEO. Frazis is the successor of Jon Sutton who resigned from the position in December 2018 to focus on his long-term health following a triple heart bypass. The new CEO of BOQ comes with an impressive resume and 17 years of experience in ...

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Australian Family Lawyers to make ASX debut this week

Australian Family Lawyers to make ASX debut this week

A backdoor listing of Australian Family Lawyers (ASX: AFL) has been approved by the stock exchange with trading expected to begin on Friday this week. Founded by Edward Finn in 2015, the law firm aims to disrupt the conventional wisdom of relationship-driven business development in the legal profession, instead opting for an approach...

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LandMark White in trading halt as banks head for the exits

LandMark White in trading halt as banks head for the exits

Property valuer LandMark White (ASX: LMW) is in a trading halt while it works out how to deal with being suspended by major clients following the group's second data breach this year. The group announced on Tuesday evening that three of the four major banks, plus other financial institutions, have temporarily suspended instructions to...

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LiveTiles launches AI-driven data security solution with Microsoft

LiveTiles launches AI-driven data security solution with Microsoft

Within weeks of becoming a launch partner for Microsoft's SharePoint home sites, Australian-founded LiveTiles (ASX: LVT) has announced the launch of a new security platform for Office 365. The company's new AI-driven, data-centric security solution has been launched in conjunction with Nucleus Cyber, following a strategic par...

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Toys 'R' Us returns to Australian shores

Toys 'R' Us returns to Australian shores

Beloved toy retailer Toys 'R' Us will return to Australian markets this month, bringing Babies 'R' Us along for the ride. The US-based parent company of both brands has announced an exclusive licencing agreement with Hobby Warehouse. The deal will see Hobby Warehouse sell through the www.toysrus.com.au and www.babiesru...

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McGrath acquires Sydney real estate business

McGrath acquires Sydney real estate business

Listed real estate group McGrath (ASX: MEA) has acquired Sydney Sotheby's International Realty - CBD and Pyrmont for $1.6 million. Owned previously by Richard Shalhoub (pictured), the company is a sales agent in the NSW capital's CBD and northern CBD harbourfront markets. The deal will be settled in cash by the beginning of Ju...

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Ousted Smiles Inclusive founder escalates vote tampering claims

Ousted Smiles Inclusive founder escalates vote tampering claims

The founder of Smiles Inclusive (ASX: SIL) has made it clear he will not go quietly, with continued allegations there were voting irregularities at the EGM where he and former chairman David Herlihy were removed from the board.  Last week the embattled Gold Coast-based dental company, whose shares have fallen 85 per cent since O...

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ASIC charges former Octaviar CFO with fraud

ASIC charges former Octaviar CFO with fraud

Just two years after he was banned from managing a corporation and ordered to pay $205 million to aggrieved shareholders in a failed fund, former Octaviar CFO David Anderson has been charged with 26 counts of fraud. As a publicly listed company with interests in the financial services, travel, leisure and childcare sectors, Gold Coas...

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Coca-Cola sells SPC for $40 million

Coca-Cola sells SPC for $40 million

Coca-Cola Amatil (ASX: CCL) has sold its SPC fruit and vegetable processing business to Shepparton Partners Collective for $40 million. The company will pocket an expected $10 million to $15 million profit as a result of the sale, after taking into account the costs of disposal. The sale is expected to be completed by the end of June ...

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Bod to supply medicinal cannabis for a PTSD trial

Bod to supply medicinal cannabis for a PTSD trial

Listed medicinal cannabis healthcare company Bod Australia (ASX: BDA) will supply its cannabis extract, MediCabilis, to sufferers of Post Traumatic Stress Disorder (PTSD) in a landmark trial. Research partner Cannabis Access Clinics is facilitating the trial looking into how medicinal cannabis can treat symptoms of the psychological disor...

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