WiseTech to raise $250M for global growth ambitions

WiseTech to raise $250M for global growth ambitions

One of the fastest risers in this year's Sydney's Top Companies List has announced an institutional placement worth more than its revenue in FY18, following on from an aggressive period of acquisitions around the globe. Founded and led by former music industry executive Richard White (pictured), WiseTech Global (ASX: WTC) has...

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Mark Wahlberg invests in Aussie fitness chain

Mark Wahlberg invests in Aussie fitness chain

Hollywood has come knocking for F45 founder and CEO Rob Deutsch with the news that silver screen hunk Mark Wahlberg has invested in the hit Australian fitness chain. According to the Sydney Morning Herald , Wahlberg's investment in F45 now values the company at $634 million. This high-profile investment is yet another jewel i...

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Cann Group secures $11M Mildura site for new cannabis greenhouse

Cann Group secures $11M Mildura site for new cannabis greenhouse

Leading cannabis producer and researcher Cann Group (ASX: CAN) has acquired a $10.75 million property in Mildura, Victoria to construct a greenhouse for the cultivation of cannabis. The company will grow, cultivate, and produce medicinal cannabis at the Mildura site to service both the Australian and international medicinal cannabis marke...

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Xenith rebuffs IPH takeover bid

Xenith rebuffs IPH takeover bid

The board of intellectual property company Xenith (ASX: XIP) is not impressed by a 9 per cent lift in IPH's (ASX: IPH) takeover offer, and will press on with another merger in the works.  In an announcement today the group concluded IPH had not presented a superior offer to the merger deal underway with QANTM Intel...

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GO1 bags over $30 million in raise led by Microsoft

GO1 bags over $30 million in raise led by Microsoft

Tech startup success GO1 has raised more than $30 million in a series B funding round led by M12, Microsoft's venture fund. The $30+ million capital raise was primarily led by M12 alongside existing investors SEEK and Y Combinator, as well as new investors Larsen Ventures. As part of its investment M12 will get a seat on the board...

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Red Bubble off the hook in Hells Angels copyright case

Red Bubble off the hook in Hells Angels copyright case

A website that allows independent artists to sell print on demand (POD) designs online has avoided hefty damages after the Federal Court of Australia ruled in its favour in a copyright case brought by Hells Angels Motorcycle Corporation. The bikie gang was suing Melbourne-based Redbubble (ASX: RBL) for publishing Hells Angels tradema...

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CropLogic secures growing licence for major US hemp state

CropLogic secures growing licence for major US hemp state

Agricultural technology company CropLogic (ASX: CLI) is now one of the first ASX-listed companies to receive a US hemp growers licence after authorities in the Pacific Northwest state of Oregon gave it the green light. The news of CropLogic's licence for cultivating industrial hemp comes less than a week after the company signed a lea...

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Class action looms for IOOF

Class action looms for IOOF

While Australia's prudential watchdog takes action against IOOF (ASX: IFL) directors and executives over alleged misconduct, the wealth manager is about to face another legal battle. Sydney-based law firm Quinn Emanuel Urquhart & Sullivan announced today it planned to file a class action against IOOF, arising from evidence given a...

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Blue Sky CFO resigns

Blue Sky CFO resigns

Just a few days after embattled investment group Blue Sky appointed its long-awaited new CEO the company has lost its CFO. Elizabeth Walker has resigned as Blue Sky chief financial officer for personal reasons, effective 5 April 2019. Walker was appointed just over two months ago in December 2018. Previously she was the chief financia...

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Franchising report reveals former RFG boss Tony Alford's "professed, repeated ignorance" at inquiry

Franchising report reveals former RFG boss Tony Alford's "professed, repeated ignorance" at inquiry

A scathing report has ripped into former Retail Food Group (ASX: RFG) boss Tony Alford for being "evasive, inconsistent and generally uncooperative" during the parliamentary inquiry into Australian franchisors which took place between March and September 2018. In its Fairness in Franchising report released yesterday, the parliam...

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Freelancer and Arrow Electronics partner to revolutionise how hardware is built

Freelancer and Arrow Electronics partner to revolutionise how hardware is built

Freelancer.com (ASX: FLN), the world's largest freelancing marketplace, has partnered with Arrow Electronics to launch a technology engineering talent marketplace. Called ArrowPlus, the platform allows Fortune 500 companies and technology startups to fast-track the design and build of new technology products by gaining access to over ...

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Techpreneurs team up to make automation accessible

Techpreneurs team up to make automation accessible

Automation and artificial intelligence can sound intimidating, but two of Australia's top young entrepreneurs want to make the technology accessible for every size business. Blackbook.ai and BITS Technology Group have partnered to offer automation as a service, a collaborative product launching next week at Automate 2019 in Brisbane a...

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Retail Food Group "damaged the reputation of franchising" slams parliamentary report

Retail Food Group "damaged the reputation of franchising" slams parliamentary report

The parent company behind Brumby's, Donut King, and Michel's Patisserie has been slammed by a parliamentary inquiry into Australian franchisors. The committee devoted a chapter in their Fairness in Franchising report released today to Retail Food Group (ASX:RFG) as an example of a franchisor who is taking advantage of an insuffici...

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Kogan takes on Amazon with new marketplace

Kogan takes on Amazon with new marketplace

Kogan.com's (ASX: KGN) latest play looks quite familiar. Dubbed 'Kogan Marketplace' the new online shop launches today with more than 100,000 products from external retailers. The model seems pretty similar to the way Amazon operates, allowing businesses to use the marketplace and e-tail infrastructure to sell their own pr...

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Megaport raises $50 million in under 24 hours

Megaport raises $50 million in under 24 hours

It has taken Megaport (ASX: MP1) no time at all to raise $50 million in capital to further accelerate its expansion. The placement announced on Wednesday morning will result in 12.5 million fully paid ordinary shares in Megaport. The issue price of the new shares is $4 per share, representing a discount of 4.8 per cent to Megaport'...

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Stockland sells off another $143 million of retail assets

Stockland sells off another $143 million of retail assets

Stockland's strategy to divest $400 million of assets in 24 months has hit another milestone today with the announcement that the property manager has sold another $143 million in retail assets. The company has sold its interest in the Stockland Cleaveland shopping centre in Brisbane and the Toowong retail and commercial centre in Bri...

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Joel Cann takes the reins at Blue Sky

Joel Cann takes the reins at Blue Sky

Embattled investment group Blue Sky (ASX: BLA) may be watching the clouds part as its new fixer Joel Cann steps into the role of CEO. The appointment of Cann comes 11 months after Rob Shand resigned in the midst of Blue Sky's rough trot in 2018. Most recently Cann was appointed as CEO of property company Aspen Group where he manag...

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Megaport to raise $60 million to accelerate worldwide expansion

Megaport to raise $60 million to accelerate worldwide expansion

Brisbane-based technology company Megaport (ASX: MP1) has announced a $60 million capital raise to support expansion and technology development. The company says it is undertaking the raise to accelerate expansion to new locations and markets, to undertake capacity upgrades, fund innovation and develop new technology. The raise is com...

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Investment firm launches $20 million takeover bid for Yowie

Investment firm launches $20 million takeover bid for Yowie

Yowie (ASX: YOW) might be completely gobbled up by Australian investment firm Keybridge Capital (ASXL KBC) for a cool $20 million. The underperforming confectioner is facing the takeover by Keybridge following a disappointing first half during which the company recorded a loss of $871,000. Keybridge looks to be taking advantage of thi...

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Sigma Healthcare rejects API takeover proposal

Sigma Healthcare rejects API takeover proposal

The parent company of some of Australia's leading pharmacies, Sigma Healthcare (ASX: SIG), has rejected a takeover proposal from Australian Pharmaceuticals Industries (ASX: API). In December 2018 API offered $727 million to buy the entirety of Sigma Healthcare. Sigma is the parent of leading Australian pharmacies Amcal, Chemist King, ...

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