ELMO Software, Bigtincan on the acquisition path in Europe

ELMO Software, Bigtincan on the acquisition path in Europe

Two founder-led Australian Software as a Service (SaaS) companies have announced acquisitions to grow their footholds in Europe and bring complementary technology into the mix. Last night cloud-based HR & payroll software provider ELMO Software (ASX: ELO) announced it had acquired the fast-growing small business HR platform Bre...

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Oliver's enters master franchise deal with EG Group

Oliver's enters master franchise deal with EG Group

Shares in Oliver's Real Food (ASX: OLI) are up 11 per cent since the company reached a master franchise agreement (MFA) with the Australian arm of British fuel and convenience conglomerate EG Group. The 10-year deal announced yesterday afternoon adds to Oliver's existing food-to-go concept secured with EG in May, which has alrea...

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Jetstar launches new Gold Coast to Hobart service

Jetstar launches new Gold Coast to Hobart service

Travellers will be able to fly directly between Hobart and the Gold Coast on a new Jetstar service once Tasmania opens its borders to Queensland on 26 October. Unveiled today, the new service will connect the two destinations in time for the busy summer season, which Queensland Airports CEO Chris Mills said will be a welcome shot in the...

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Creso enlists cannabis icon and Canopy Growth founder Bruce Linton

Creso enlists cannabis icon and Canopy Growth founder Bruce Linton

Creso Pharma (ASX: CPH) has appointed Bruce Linton (pictured), industry pioneer and founder of Canopy Growth Corporation (TSE: WEED), to the role of strategic advisor as the medicinal cannabis developer raises nearly $9 million. The appointment of Linton is a coup for Creso and will see the accomplished entrepreneur work closely with CP...

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SPC grabs majority slice of frozen meal maker The Kuisine Company

SPC grabs majority slice of frozen meal maker The Kuisine Company

Iconic Australian food producer SPC has taken a majority stake in frozen ready meals manufacturer The Kuisine Company to improve its health and aged care sector offering. The strategic investment sees SPC take control of the Emu Plains-based business which employs over 100 staff members and manufactures frozen meals and finger foods that are...

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Former BOQ boss Jon Sutton named ScotPac CEO

Former BOQ boss Jon Sutton named ScotPac CEO

SME lender Scottish Pacific (ScotPac) has appointed the former boss of Bank of Queensland (ASX: BOQ) and Bankwest Jon Sutton (pictured) as its new chief executive officer today. Sutton will take over the role from current CEO Peter Langham, who will be stepping into a non-executive board role. The new ScotPac boss served as CEO of BOQ unti...

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Neobank Douugh debuts on the ASX, US launch imminent

Neobank Douugh debuts on the ASX, US launch imminent

Neobank Douugh (ASX: DOU) is the first of its kind to list on the ASX after debuting this morning following an oversubscribed $6 million capital raise. Founded in Sydney by CEO Andy Taylor (pictured), the company is one of many next-generation 'neobanks' established to disrupt traditional means of banking and target Millennial and...

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Mesoblast plunges as FDA orders additional trial of Ryoncil

Mesoblast plunges as FDA orders additional trial of Ryoncil

Shares in Mesoblast (ASX: MSB) were down 40 per cent this morning after the company was ordered to conduct additional tests on its graft versus host disease (GvHD) treatment remestemcel-L. After receiving the backing of the Oncologic Drugs Advisory Committee in August, the company today told shareholders the US Food and Drugs Administration ...

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Flight Centre to close 90 stores as pandemic impacts thrash travel industry

Flight Centre to close 90 stores as pandemic impacts thrash travel industry

90 Flight Centre (ASX: FLT) stores will close as part of the company's plans to work within the decimated travel sector. Flight Centre general manager Kelly Spencer said the closures will not impact the company's refund programs or customer holiday plans in the works. "We are sad to see these doors close as we know some of our...

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Sydney Top Companies revealed

Sydney Top Companies revealed

Bushfires, COVID-19 and a global recession have certainly dominated news headlines this year, but the events of 2020 created new opportunities for a large percentage of Sydney's leading listed companies.  Whether it be AI and machine learning company Appen or fintech Zip Co, new entrants in this year's Sydney Top Companies list ...

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Sydney Top Companies 1-10

Sydney Top Companies 1-10

With solid cash buffers, the two banks at the top of Sydney's Top Companies have been slammed in 2020, and not just from serious provisions relating to COVID-19 impacts. Westpac (ASX: WBC) in particular was hit with the largest civil penalty in Australian legal history following an extensive investigation from AUSTRAC and findings that i...

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Sydney Top Companies 11-20

Sydney Top Companies 11-20

The economic volatility of the past year is nowhere more evident in this list than the Top 20, whether it be those who cracked it or the unfortunate few that fell. Half the companies in this section were ranked elsewhere in 2019, with beefed up and newly merged telco TPG (ASX: TPG), investment star Magellan Financial Management (ASX: MFG) an...

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Sydney Top Companies 21-30

Sydney Top Companies 21-30

Sydney's Top 50 companies are leading the pack in Australia's largest city and leaving a lasting impact on the economy. We reveal 21-30 on the list which largely consists of heavy-hitters in the property, construction and energy sectors. Despite COVID-19 impacts, including a $2.7 billion loss, Qantas (ASX: QAN) has maintained its p...

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Sydney Top Companies 31-40

Sydney Top Companies 31-40

Unlikely beneficiaries of current market dynamics such as property powerhouse Charter Hall Group (ASX: CHC) and legacy retailer Harvey Norman (ASX: HVN) have broken into the Top 40 of this list in 2020, joining a mixed bag of corporations. The 31-40 group on the list is brimming with a collection of Australia's most well-known brands, in...

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Sydney Top Companies 41-50

Sydney Top Companies 41-50

Competition is among the most fundamental driving forces of any prosperous and robust economy. Without it markets would be a stitch-up; monolithic companies resting on their laurels and exerting their power to the detriment of society and business at large.  A healthy capitalist system can only exist in its real form with the shuffling ...

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HESTA's bold plan for ASX200 companies to have 40pc female executives by 2030

HESTA's bold plan for ASX200 companies to have 40pc female executives by 2030

Australian industry superannuation fund HESTA has made a major move to get more women in senior executive roles at ASX-listed companies with the launch of a new campaign that has the backing of global fund managers. The 40:40 Vision aims to see women fill at least 40 per cent of executive roles in ASX200 companies by 2030. Eight fund manag...

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Why Corporate Travel Management bought a loss-making business in the middle of a pandemic

Why Corporate Travel Management bought a loss-making business in the middle of a pandemic

It took a seven-year courtship for Corporate Travel Management (ASX: CTD) to seal the deal on its acquisition of US-based Travel & Transport (T&T), as shareholders dig deep into their pockets to bet on US market revival. As noted in yesterday's announcement of the $275 million takeover deal, T&T has been losing mone...

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Contango pushes back against Wilson's off-market takeover bid

Contango pushes back against Wilson's off-market takeover bid

The board of Contango Income Generator (ASX: CIE) has asked shareholders to take no action with regard to a $91.2 million off-market takeover offer from WAM Capital (ASX: WAM), claiming the bid is part of an effort to destabilise the company. On Monday, WAM announced its off-market takeover bid for all the shares in CIE, a diversified invest...

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Starpharma raises $45 million to launch COVID-19 nasal spray

Starpharma raises $45 million to launch COVID-19 nasal spray

Listed pharmaceutical company Starphrama (ASX: SPL) has today completed a $45 million oversubscribed institutional placement to fast-track the launch of its COVID-19 nasal spray. The spray, called SPL7013, has been shown to inactivate more than 99.9 per cent of SARS-CoV-2, the virus that causes COVID-19. The funds will be directed to the r...

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BOQ records $175m loan expense as COVID-19 alters outlook

BOQ records $175m loan expense as COVID-19 alters outlook

Bank of Queensland (ASX: BOQ) may be seeing positive signs like a reduction in customers seeking pandemic-related relief packages, but updated economic forecasts have led the group to announce a $175 million loan impairment expense for FY20. The Brisbane-based bank will also book a $11 million expense relating to an employee pay review. BO...

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