ASX chides iSignthis for three "unsatisfactory responses", threatens removal from list

ASX chides iSignthis for three "unsatisfactory responses", threatens removal from list

Payment identity verifier iSignthis (ASX: ISX) could find itself in hot water if it fails to meet demands from the ASX, with the market operator unhappy with explanations of processing suspensions across card networks such as Visa.  The ASX claims ISX has given "three unsatisfactory responses" to a query letter dated 7 May,...

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Oliver's scores partnership with EG Group in lieu of takeover

Oliver's scores partnership with EG Group in lieu of takeover

Earlier this year, British fuel and convenience conglomerate EG Group offered to buy roadside restaurant chain Oliver's Real Food (ASX: OLI) for $25 million. While Oliver's debt of $910,000 made it an unfit takeover target for EG, it didn't stop the two companies from striking a different bargain. Today, the original schem...

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Nine sells NZ media business Stuff for NZ$1 in management buyout

Nine sells NZ media business Stuff for NZ$1 in management buyout

It may have taken six months longer than planned, but Nine Entertainment (ASX: NEC) has finally offloaded leading New Zealand publishing business Stuff in a deal that will incur a cost of $40-45 million for the Australian media giant. Just two weeks after terminating discussions with long-time bidder NZME (NZX: NZM, ASX: NZM), Nine announ...

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Up to 75 Target stores to close in Australia

Up to 75 Target stores to close in Australia

Up to 167 Target stores will be either closed or converted into Kmarts following a strategic review from owner Wesfarmers (ASX: WES) into the struggling retail chain. The restructuring will cost $120-170 million for the Kmart Group division, in addition to a non-cash impairment of $430-480 million before tax in relation to the Target bran...

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DroneShield shares propelled 71 per cent on EU police deal

DroneShield shares propelled 71 per cent on EU police deal

Australian technology group DroneShield (ASX: DRO) has been selected by the European Union (EU) as the preferred anti-drone solution for its police forces. Under the agreement DroneShield will roll out its technology that can deactivate drones that appear as threats across a range of police units in the EU. The ASX-listed company says...

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Afterpay US customer base booms during COVID-19 pandemic

Afterpay US customer base booms during COVID-19 pandemic

Buy-now pay-later (BNPL) giant Afterpay (ASX: APT) has continued its successful run in the United States with a jump in new users during the COVID-19 pandemic. The company announced today it has more than 5 million active shoppers in the US using the service at Afterpay merchant partners. This means the company now has close to 9 mill...

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Bapcor nearly doubles SPP to accommodate increased shareholder demand

Bapcor nearly doubles SPP to accommodate increased shareholder demand

Serious demand for car parts retailer Bapcor's (ASX: BAP) share purchase plan (SPP) has encouraged the company's directors to nearly double the amount on offer. Bapcor received applications for the SPP totalling $122 million from registered shareholders for the SPP. As a result Bapcor has increased the size of the SPP from $30...

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Qantas, Jetstar embark on "Fly Well" Covid-safe protocols ahead of relaxed restrictions

Qantas, Jetstar embark on "Fly Well" Covid-safe protocols ahead of relaxed restrictions

Optional complimentary masks and sanitising wipes are among the new frills passengers can expect from a COVID-safe program to be rolled out by Qantas (ASX: QAN) and its subsidiary Jetstar as they clear the runway for an easing of domestic travel restrictions. Dubbed the "Fly Well" program and based on the Qantas' Group's...

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SaaS business lifts profits for TechnologyOne

SaaS business lifts profits for TechnologyOne

TechnologyOne (ASX: TNE) has today shown why its shares are trading well above pre-coronavirus levels, with a six per cent rise in profit after tax to $19.1 million. The Brisbane-based company's Software as a Service (Saas) business was a key driver of growth for the period, with annual recurring revenue up 33 per cent at $110 million...

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Baby Bunting more than doubles online sales during COVID-19 restrictions

Baby Bunting more than doubles online sales during COVID-19 restrictions

Baby goods retailer Baby Bunting's (ASX: BBN) business model has proven to be COVID-19-proof thus far, with sales up across the board during the heaviest of COVID-19 restrictions. As an essential retailer Baby Bunting's stores remained open to service the new parents of Australia, but many turned online during the months of March ...

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GO1 raises US$40m after remote learning activity triples

GO1 raises US$40m after remote learning activity triples

Hot on the heels of a deal with Microsoft Teams, online training and educational content company GO1.com has raised more than US$40 million (AUD$61 million) in a Series C funding round to support increased market expansion in North America. The raising led by SEEK and Madrona Venture Group is worth more than double last year's Se...

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BGH Capital gambles on revised bid for Village Roadshow

BGH Capital gambles on revised bid for Village Roadshow

The proposed acquisition of Village Roadshow (ASX: VRL) by BGH Capital has been taken to a new level with BGH lowering its offer and Village opening up its books. The move comes as the Melbourne-based fund is also reportedly one of the frontrunners in the bid to acquire Virgin Australia (ASX: VAH). In a sign of Village Roadshow's ...

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Superloop traffic up 30 per cent in the space of weeks

Superloop traffic up 30 per cent in the space of weeks

Superloop (ASX: SLC) shares were given a fibre-optic jolt this morning as the cloud services connector reaffirmed profit guidance for FY20. The Brisbane-based company said it was tracking towards the mid-point of a $12-15 million EBITDA guidance, supported by strong core fibre connectivity sales performance in the third quarter. ...

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Elders profit almost doubles, shares hit new 10-year high

Elders profit almost doubles, shares hit new 10-year high

Agricultural lender and inputs provider Elders (ASX: ELD) is bringing in the harvest thanks to the return of rain in many parts of eastern Australia, with profits rising 90 per cent to $52 million in the first half. ELD shares hit a new 10-year high of $10.09 this morning, and as at 10:45am AEST they were trading up 4.57 per cent at $9.84...

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McDonald's shuts 12 stores after truck driver tests positive

McDonald's shuts 12 stores after truck driver tests positive

McDonald's Australia has temporarily shut 12 stores in Victoria after a delivery truck driver tested positive to COVID-19. The Department of Health has identified the truck driver as a workplace close contact of the previously announced case at a McDonald's in Craigieburn. The Age reports the Craigieburn employee was an e...

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Smiles Inclusive clinics reopen, CFO heads out the door

Smiles Inclusive clinics reopen, CFO heads out the door

After challenging business conditions before COVID-19 were exacerbated by the pandemic and shutdowns, Smiles Inclusive (ASX: SIL) has today reported it will be reopening all its dental centres nationwide. But the group will be doing so without its CFO and company secretary Emma Corcoran (pictured), who has left today just a month after fo...

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BlueScope reverts to manual operations as cyber incident disrupts manufacturing

BlueScope reverts to manual operations as cyber incident disrupts manufacturing

Australian steel producer BlueScope (ASX: BSL) has confirmed its IT systems have been affected by a cyber attack, causing disruptions to part of its operations. In a short statement to the ASX, the company says its manufacturing and sales operations have been impacted by the incident. Some processes have been paused as a result, but s...

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Hemp health business Ecofibre cracks USA's largest pharmacy CVS

Hemp health business Ecofibre cracks USA's largest pharmacy CVS

Hemp nutraceuticals company Ecofibre (ASX: EOF) has continued its aggressive rebound on the ASX today after announcing an exclusive distribution agreement with CVS, the USA's largest pharmacy chain. The deal was reached by Ecofibre EOF Distribution, Inc and will initially see 10 of the group's Ananda Hemp range of topica...

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Breville shares surge after $94m placement hits the mark

Breville shares surge after $94m placement hits the mark

Kitchen appliance company Breville (ASX: BRG) has today raised $94 million at a 9.1 per cent discount to yesterday's closing price, only to see its shares jump by a further 9.6 per cent this morning. In other words, anyone who took part in the institutional placement and sells right now has just made a 20.5 per cent profit in the spac...

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Queensland Government launches Virgin takeover bid

Queensland Government launches Virgin takeover bid

Since its founding in August 2000 Virgin Australia (ASX: VAH) has called Brisbane home throughout its journey to provide a competitive option for Australian air travel. But if the Queensland Government is successful with a recent bid, the airline's ties to the state could become even closer. The Palaszczuk Government confirmed yes...

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