TPG and Vodafone to fight for merger in Federal Court

TPG and Vodafone to fight for merger in Federal Court

Telecommunications companies TPG Telecom (ASX: TPG) and Vodafone Hutchison Australia are going to court over the competition watchdog's rejection of their $15 billion merger. Earlier this month the Australian Consumer and Competition Commission (ACCC) announced it would block the deal on the grounds it would lessen competition. Th...

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Cann Global reports $3.5 million loss as it prepares to relist

Cann Global reports $3.5 million loss as it prepares to relist

One of Australia's top cannabis companies Cann Global (ASX: CGB) has reported a loss of $3.5 million for the first half of FY19 as the company prepares to relist on the ASX. Formerly known as Queensland Bauxite, Cann Global made the decision to rename and become a medicinal cannabis business exclusively in January this year. Since...

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QT Adelaide receives State Government green light

QT Adelaide receives State Government green light

QT is now set to build its 11th hotel following approval form the South Australian State Commission Assessment Panel (SCAP). The building, to be constructed by a joint venture of Adelaide's Axiom (ASX: AXI) and Event Hospitality and Entertainment (ASX: EVT), was announced in February 2019. Described by QT as luxurious and quirky, ...

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Kellermeister named world's best shiraz producer

Kellermeister named world's best shiraz producer

Barossa Valley wine producer Kellermeister has been named the world's best producer of shiraz following a big win at the Syrah du Monde international wine competition. The winery's Black Sash Shiraz topped the global rankings at the French wine competition, putting the Lyndoch-based winery on the global map. The winery's s...

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Showpo's general manager steps down with a touching farewell

Showpo's general manager steps down with a touching farewell

The general manager of Australian online fashion retailer Showpo Alex Durkin (pictured left) has stepped down from her role to focus on a new business. Durkin says is excited about her future with her new venture but is sad to leave a company she has invested seven years of her life into. She posted a touching farewell to Showpo and f...

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Freedom Foods launches $130 million equity raise

Freedom Foods launches $130 million equity raise

Health food manufacturer Freedom Foods (ASX: FNP) has announced a $130 million equity raise to support accelerated nutritional ingredients manufacturing. Founded in 1984 and listed on the ASX in 1985, the Sydney based company plans to accelerate the development and sales of several key ingredients. Of the $130 million, $65 million wil...

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The Reject Shop CEO steps down as profit turns into loss

The Reject Shop CEO steps down as profit turns into loss

CEO of The Reject Shop (ASX: TRS) Ross Sudano has stepped down as the group announces another downgrade, just three months after the group downgraded an expected profit from $10.6 million to between $3.1 million and $4.1 million. Though perhaps the writing was on the wall in February when the company announced its "strong" Chris...

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ACCC takes Kogan to court for misleading ads

ACCC takes Kogan to court for misleading ads

A 10 per cent discount promotion has landed Kogan in hot water with the Australian Competition and Consumer Commission (ACCC). The consumer watchdog has taken the online retailer to the Federal Court, alleging that Kogan made false or misleading representations about a 10 per cent discount promotion. The situation in question saw the ...

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Cashed-up Wesfarmers to buy Kidman for $776M

Cashed-up Wesfarmers to buy Kidman for $776M

Two months ago, Wesfarmers' (ASX: WES) 1.5 billion acquisition of rare earths miner Lynas (ASX: LYN) was shot down, but the failed takeover evidently didn't deter the loaded conglomerate's thirst for resources. Wesfarmers has now entered a scheme implementation deed (SID) to acquire Kidman Resources for $1.90 per share, valuin...

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TRAVLR partners with 8common on business and leisure travel platform

TRAVLR partners with 8common on business and leisure travel platform

Listed fintech group 8common (ASX: 8CO) has tapped travel disruptors TRAVLR to assist in the development of a new business leisure platform. Called Benefits8 the employee benefits platform has been created to serve the growing business and leisure travel opportunity sector and will leverage 8common's Expense8 business unit. The Ex...

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Smiles Inclusive shareholders vote former chairman and founder off the board

Smiles Inclusive shareholders vote former chairman and founder off the board

The shareholders of Gold Coast-based dental company Smiles Inclusive (ASX: SIL) have had their say in the future of the company's board. Founder and former CEO Mike Timoney (pictured) and ex-chairman David Herlihy have been removed by shareholders at the company's extraordinary general meeting held Wednesday afternoon. Over 64...

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14 lessons from 14 years of growth with Domino's CEO Don Meij

14 lessons from 14 years of growth with Domino's CEO Don Meij

It has been 14 years since Domino's (ASX: DMP) listed on the Australian Stock Exchange. In this 14 years Domino's Pizza Enterprises has expanded from 400 stores in Australia and New Zealand to 2,450 stores across nine different countries: Australia, New Zealand, Belgium, France, The Netherlands, Japan, Germany, Luxembourg, and Den...

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Botanix plays the long game with cannabis skin care

Botanix plays the long game with cannabis skin care

"We're seeing the whole market move away from simply growing plants to creating products that patients and consumers can use, and I think we're at the forefront of that movement," says Botanix Pharmaceuticals CEO Matthew Callahan. Both opportunities and risks abound in the international cannabis market as countries loose...

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Brauz launches reserve in store feature with Forever New and Nike

Brauz launches reserve in store feature with Forever New and Nike

The team behind eCommerce tech startup Brauz have launched a new feature designed to drive sales in stores. The 'Reserve in Store' feature allows customers to book a time slot to try on the items they have found online in a physical retail location. Launching initially in partnership with Forever New and Retail Prodigy Group, ...

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Tritium scores large scale electric vehicle charger deal in Europe

Tritium scores large scale electric vehicle charger deal in Europe

Tritium's disruptive electric vehicle (EV) charging technology will be distributed to 120 sites across Europe in what is a breakthrough deal for the Brisbane-based company. Tritium will supply IONITY with its Veefil-PK 350kW DC high power EV chargers for 120 new IONITY charging sites across Europe. This is the largest deal Tritium...

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TechnologyOne profit up 130 per cent

TechnologyOne profit up 130 per cent

Brisbane-based TechnologyOne (ASX: TNE) has reported 1H19 profits before tax up 130 per cent on the back of higher value annual software as a service (SaaS) contracts. Net profit before tax at the end of the first half was up 130 per cent to $24.5 million, with profit attributable to members up 119 per cent to $17.9 million. Revenue w...

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Blue Sky Alternatives Access Fund secures control of bank account

Blue Sky Alternatives Access Fund secures control of bank account

Listed spinoff of Blue Sky Alternative Investments (ASX: BLA) the Alternatives Access Fund (ASX: BAF) has confirmed it is solvent and now separate from its parent as BLA falls into receivership. Last week, the directors of BAF took steps to secure control of the bank account holding in excess of $29 million by placing a stop on the accoun...

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IDT announces foray into medicinal cannabis sector

IDT announces foray into medicinal cannabis sector

A listed pharmaceuticals manufacturer, developer and researcher is the latest ASX entity to take the dive into medicinal cannabis. IDT Australia (ASX: IDT) will begin manufacturing cannabis and cannabis resin after receiving a medicinal cannabis manufacturing licence from the Office of Drug Control. The Victorian based company says it...

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EML Payments acquires UK fintech for $40.5m

EML Payments acquires UK fintech for $40.5m

EML Payments is bolting onto its growing European business with the purchase of Flex-e-Card Limited (FEC), a UK-based fintech that also operates in Ireland, Poland, Italy, Finland and the UAE. EML's European subsidiary executed a share purchase agreement on 17 May to acquire 100 per cent of FEC for £21.6 million ($40.5 million)....

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Virgin takes a $100 million nosedive

Virgin takes a $100 million nosedive

Virgin Australia (ASX: VAH) has announced an expected loss of $35.6 million at the end of FY19 this morning. The dive is expected to result from a $100 million earnings dip which the company says reflects domestic trading conditions and annual fuel and forieng exchange headwinds in excess of $160 million. This shock announcement comes...

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