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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Myer to reopen eight more stores

Myer to reopen eight more stores

Department store Myer (ASX: MYR) will soon more than double the amount of reopened stores across Australia with bricks-and-mortar operations set to begin in WA and SA, along with further openings in NSW. After bringing seven outlets on-stream in QLD and NSW in time for Mother's Day, Myer will trial the opening of the following eight s...

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Targeted cyber attack leads to data theft at Toll

Targeted cyber attack leads to data theft at Toll

Following a spate of cyber attacks with victims ranging from Australia's health sector to WA Premier Mark McGowan, it has been confirmed one of Australia's leading logistics and transport companies was recently in the sights of a ransomware extorsion. After suspicious activity on its IT systems, early last week Melbourne...

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Rex mulls $200m raise to establish interstate flight paths

Rex mulls $200m raise to establish interstate flight paths

Regional flight operator Rex (ASX: REX) is considering raising $200 million in order to establish domestic Australian operations. The new flight paths will be run in addition to its regional services which are being underwritten by the Federal Government and some state governments. In response to an article ran by the Financ...

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Apollo slams on the brakes in the USA

Apollo slams on the brakes in the USA

The collapse of the tourism industry globally has not spared caravan and motorhome rental operator Apollo (ASX: ATL) which has made the decision to pause its business in the USA. Because of the COVID-19 pandemic Apollo has sold its fleet of vehicles in the USA and has placed its operations in the country into hibernation until the summer ...

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CommBank to sell 55 per cent of Colonial First State

CommBank to sell 55 per cent of Colonial First State

Commonwealth Bank of Australia (ASX: CBA) has struck a deal to sell off more than half its ownership of wealth management business Colonial First State (CFS) to global investment firm KKR for $1.7 billion. It has now been almost two years since the bank announced plans to demerge CFS, which has been riddled with class actions since the Ro...

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Spirit Telecom targets low-risk high volume growth sectors

Spirit Telecom targets low-risk high volume growth sectors

The following article is sponsored content in partnership with Spirit Telecom. Business News Australia does not give financial advice. Ever since its founding Spirit Telecom Limited (ASX:ST1) has been a growth by acquisition story. The company has taken advantage of opportunities where it can deliver custom designed cloud-based techno...

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THC Global acquires cannabis clinic network for $3 million

THC Global acquires cannabis clinic network for $3 million

Cannabis producer THC Global (ASX: THC) will further diversify its business with a $3 million acquisition of clinic operator Tetra Health. Post-acquisition THC will gain access to Tetra's network of medical practitioners comprising more than 600 referring physicians, 30 prescribing physicians and a national network of dispensing pharm...

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Magnolia Capital sticks to The Agency despite resignation

Magnolia Capital sticks to The Agency despite resignation

When The Agency (ASX: AU1) announced a breakthrough yesterday for extending the deadline of a $12 million debt repayment, the news coincided with the high-profile departure of director Mitchell Atkins (pictured). The exit, effective last Friday, was significant given Atkins' Magnolia Capital came on board as a key shareholder in ...

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From Smiggle to Portmans, all remaining Premier stores to reopen on Friday

From Smiggle to Portmans, all remaining Premier stores to reopen on Friday

From Friday 15 May the remainder of Premier Investments' (ASX: PMV) Australian stores including Smiggle, Portmans, Just Jeans, Peter Alexander, Jay Jays, Jacqui E, and Dotti will reopen. The company had already reopened all of its Queensland and Northern Territory stores (except airports and some CBD stores) on Thursday 7 May followin...

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