iSignthis shares surge higher as monthly transactions pass $1.1 billion

iSignthis shares surge higher as monthly transactions pass $1.1 billion

Update: After this article was published shares rose further the following day, only to drop significantly after that down to $1.06 each (12 September 2019). Payment identity verifier iSignthis (ASX: ISX) has been one of the fastest risers on the ASX over the past 12 months, with its shares rising from $0.17 each in September 2018 to $1.3...

Read More...
Althea hits a new personal best in August

Althea hits a new personal best in August

Medicinal cannabis company Althea (ASX: AGH) has broken its own records during August, with more patients than ever now receiving the company's pharmaceuticals. The company saw 392 patients prescribed Althea products during August, at a rate of 18 patients per business day, representing the largest number of new patients to be prescri...

Read More...
Suncorp names new CEO

Suncorp names new CEO

Long-term Suncorp (ASX: SUN) employee Steve Johnston (pictured) has been named as the new CEO and managing director of the Brisbane-based financial services business. He replaces former CEO Michael Cameron who resigned after four years in the role. Johnston joined Suncorp in 2006 and has held various executive positions in the company...

Read More...
Rural Funds founder snaps up more shares as Bonitas turns up the heat

Rural Funds founder snaps up more shares as Bonitas turns up the heat

Rural Funds Group (ASX: RFF) founder David Bryant has purchased almost $500,000 worth of shares in the wake of a fresh attack from short seller Bonitas Research.  Led by one of the men who was responsible for the short on Blue Sky Alternative Investments (ASX: BLA) in 2018, late last week the Texan group stood by its position on the ...

Read More...
Industrial hemp player stays ahead of the curve with CBD import deal

Industrial hemp player stays ahead of the curve with CBD import deal

While Australian law does not yet permit the import of CBD products to the general market without the requisite licences, hemp group ECS Botanics (ASX: ECS) is getting ahead of its moment. The Tasmania-based company has signed an exclusive memorandum of understanding (MoU) with Disruption Labs to distribute, sell and import the company...

Read More...
Bonitas claims EY report "backfired" against Rural Funds

Bonitas claims EY report "backfired" against Rural Funds

The war of words between short sellers Bonitas Research and Rural Funds Group (ASX: RFF) continues today after the former finally responded to an Ernst & Young (EY) report commissioned by RFF. Instead of responding individually to every one of Bonitas' claims against the company, RFF opted to engage EY to produce a report into the...

Read More...
Zip Co buys second NZ business in as many months

Zip Co buys second NZ business in as many months

Less than a month after its successful acquisition of PartPay, Zip Co (ASX: Z1P) has bagged yet another New Zealand-based business. The buy-now pay later giant, rival to the likes of Afterpay, has today announced its acquisition of Spotcap for a total consideration of almost $8.83 million. The transaction is slated to provide Zip Co w...

Read More...
Class action alleges Westpac's super subsidiaries short-changed members

Class action alleges Westpac's super subsidiaries short-changed members

Westpac (ASX: WBC) subsidiaries BT Funds Management and Westpac Life Insurance Services have been hit with a class action from law firm Slater and Gordon (ASX: SGH). The class action alleges that superannuation members were short-changed by the bank's super funds. Slater and Gordon says members who invested in the BT Super for Lif...

Read More...
ASX drills Smiles Inclusive on shock $19 million loss announcement

ASX drills Smiles Inclusive on shock $19 million loss announcement

Late on Friday 30th August Smiles Inclusive (ASX: SIL) announced its disastrous FY19 results. Of particular note was its loss of $18.9 million during the financial year; a result that took the market by surprise. Now, the ASX has questioned Smiles over whether this significant loss was something the company should have alerted shareho...

Read More...
Online sales push Myer back into the black

Online sales push Myer back into the black

Department store Myer's (ASX: MYR) attempts to play catch-up with the now firmly established world of e-commerce appear to have finally paid off in FY19. The group's online sales increased by 25.6 per cent to $262.3 million in the financial year, following the relaunch of the Myer.com.au online shopfront in September 2018. Thi...

Read More...
$250m property development gets green light from Brisbane City Council

$250m property development gets green light from Brisbane City Council

Brisbane's future commercial property supply has been given boost after the council approved the development application for a $250 million project due to start construction in mid-2020. Consolidated Properties Group says the 15-level office tower will be the first large scale A-grade commercial building planned for the...

Read More...
Chinese specialty e-platform Aomaijia signs on new Aussie brands

Chinese specialty e-platform Aomaijia signs on new Aussie brands

A Chinese e-commerce player focusing solely on foreign brands continues its push to develop markets for more Australian products after signing five new supplier agreements today. With its consumer-facing website Aomygod.com (in Mandarin), Aomaijia has more than 30 million registered users and has grown exponentially since it was founded i...

Read More...
Headwinds abound as TPG stumbles into 2020

Headwinds abound as TPG stumbles into 2020

The 2019 financial year was unpleasant for telco TPG Telecom (ASX: TPM) to say the least. First, the company was forced to abandon its planned 5G mobile network, what was to be Australia's fourth major mobile network, following the federal government's ban of Chinese-made Huawei 5G technology. Following this setback, the compa...

Read More...
THC secures new production site in Bundaberg

THC secures new production site in Bundaberg

Medicinal cannabis company THC Global (ASX: THC) has secured a lease over a prime site for cannabis production in Bundaberg, Queensland. The site includes 6.6 hectares of existing hydroponic greenhouses plus an additional 180,000m2 of agricultural land suitable for open-field cannabis or hemp cultivation. THC will now apply to the Aus...

Read More...
Brisbane's Gambaro family to sell namesake hotel and restaurant

Brisbane's Gambaro family to sell namesake hotel and restaurant

The Brisbane hotel made famous globally for hosting German Chancellor Angela Merkel as a guest during the G20 Summit is now up for sale. Owned by one of the river city's most well-known hospitality families, the 5-star boutique Gambaro Hotel opened in 2014 on the city's lively Caxton Street and was designed by Hirsch Bedner. W...

Read More...
Big Red Group acquires social concierge Lime&Tonic

Big Red Group acquires social concierge Lime&Tonic

Naomi Simson's Big Red Group (BRG) has today added another experience marketplace to its growing suite of brands. Lime&Tonic, an events and experiences retailer, joins RedBalloon, Adrenaline and IfOnly under the Big Red umbrella. The acquisition follows the launch of BRG's IfOnly in June this year and the acquisition of Ad...

Read More...
Construction underway for Kaufland's first Adelaide store

Construction underway for Kaufland's first Adelaide store

European hypermarket giant Kaufland has today started construction on its first store in South Australia, within a week of announcing two more store confirmations in Victoria. The group owned by one of Germany's richest men Dieter Schwarz is in the midst of a massive roll-out in Australia, its first outside Europe.  Like...

Read More...
Karen Millen Australia falls into administration

Karen Millen Australia falls into administration

The Australian arm of the iconic UK fashion house Karen Millen has fallen into administration. It comes just as its UK parent company went into administration in Britain, spelling the end for the Australian business at the time, and sold to online retailer Boohoo. Deloitte has been appointed as the administrators of the UK company'...

Read More...
Ashley & Martin unfair contracts in the crosshairs

Ashley & Martin unfair contracts in the crosshairs

The Federal Court has determined three standard contracts from hair loss business Ashley & Martin are void because they are unfair to consumers. The Australian Competition and Consumer Commission (ACCC) highlights the company signed up more than 25,000 customers to its 'Personal RealGROWTH Program' to contracts on unfair terms...

Read More...
ASIC takes BOQ, Bendigo and Adelaide Bank to the Federal Court

ASIC takes BOQ, Bendigo and Adelaide Bank to the Federal Court

Two major Australian banking institutions have been sued by the Australian Securities and Investment Commission for allegations of the use of unfair contract terms. Bendigo and Adelaide Bank and BOQ have been taken to the Federal Court by the watchdog who alleges that the banks used contract terms with small businesses that were unfair. ...

Read More...
Comuna Cantina to open in new Brisbane foodie precinct

Comuna Cantina to open in new Brisbane foodie precinct

Brisbane entrepreneur Tim Johnson (pictured) has announced the launch date for the first of three venue openings he has on the cards at the new Everton Plaza Park Lane food precinct. The Latin American-inspired street food restobar Comuna Cantina will open at Everton Plaza on 19 September, adding to the existing venue in Albert Lane ...

Read More...
Culture Amp raises $120m for global expansion

Culture Amp raises $120m for global expansion

Melbourne-based HR technology company Culture Amp has successfully raised US$82 million ($120 million) in a Series E funding round led by Sequoia Capital China. The latest round values the people and culture platform at US$700 million ($1.04 billion) and will go towards global expansion for a company that already has 2,500 compa...

Read More...
Cannatrek to begin medicinal cannabis production in Queensland

Cannatrek to begin medicinal cannabis production in Queensland

Australian medicinal cannabis producer Cannatrek is adding to its large-scale growing capability after receiving a permit to begin growing the drug in Queensland. The company has received a growing permit for its Queensland facility from the Office of Drug Control (ODC). The facility has a total growing area of 3,200m2 in climate-controll...

Read More...
The Agency hungry for more acquisitions after Top Level takeover

The Agency hungry for more acquisitions after Top Level takeover

Real estate group The Agency (ASX: AU1) plans to keep expanding despite its latest acquisition raising some financial red flags. The group has announced a capital raise of approximately $4.5 million, which is just higher than the $4.2 million loss it posted in FY19.   Of the amount raised $1.5 million will go toward potentia...

Read More...
Class action against Radio Rentals leads to $29 million settlement

Class action against Radio Rentals leads to $29 million settlement

Radio Rentals' controversial 'Rent, Buy, $1 Buy' scheme has come back to bite more than two years after a class action filed by Maurice Blackburn Lawyers alleging unconscionable conduct.  The electronics and home appliance rental group's parent company Thorn Group (ASX: TGA) has stopped short of admitting guilt o...

Read More...
Move your Bod! Major sales increase for medicinal cannabis group

Move your Bod! Major sales increase for medicinal cannabis group

Australian medicinal cannabis company Bod (ASX: BDA) has seen sales of its MediCabilis product soar during August. The company dispensed 329 MediCabilis prescriptions in August, representing an increase of 95 per cent from July 2019 when prescriptions totalled 169. Further, prescriptions for August represent a 467 per cent increase on...

Read More...
Telstra divests Chief Entertainment to UK broadcast company

Telstra divests Chief Entertainment to UK broadcast company

UK-based Gravity Media has acquired Australian live studio and production services business Chief Entertainment from Telstra (ASX: TLS). Gravity Media already operates in Australia under the Gearhouse Broadcast, HyperActive Broadcast and Input Media brands, and hopes the acquisition of Chief Entertainment will completement this suite of c...

Read More...
The Agency defies real estate gloom with revenue boost

The Agency defies real estate gloom with revenue boost

If the results of real estate giant McGrath and industry e-rag Domain are anything to go by, the sector is going through some major turbulence. But that certainly hasn't impacted The Agency (ASX: AU1) which defied the odds in FY19. In spite of the doom and gloom real estate sector that resulted in McGrath posting a $15.6 million l...

Read More...
EMVision on track for portable brain scanner trial

EMVision on track for portable brain scanner trial

A Brisbane-based medical technology company led by the former CEO of ASX darling Nanosonics (ASX: NAN) is on target to start trialing its portable non-invasive brain scanner in the last quarter of this year. Harnessing more than a decade of research into electromagnetic microwave imaging from the University of Queensland, EMVision (ASX: E...

Read More...
ACCC alleges Medibank misrepresented insurance coverage

ACCC alleges Medibank misrepresented insurance coverage

Australia's consumer rights watchdog has alleged Medibank Private's incorrect communication with members led some to "needlessly" upgrade insurance policies to gain benefits that were already covered under their existing plans.  The Australian Competition and Consumer Commission (ACCC) has instituted proceeding...

Read More...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 1487
Mudgeeraba QLD 4213

LoginTell a FriendSign Up to Newsletter