Ralan Group's Surfers Paradise site goes on sale

Ralan Group's Surfers Paradise site goes on sale

Following the collapse of NSW-based property developer Ralan Group in late-July one of the defunct group's major Gold Coast development sites has been put up for sale. That site, named The Sapphire development, is now on the market, with vendor Frank Knight making the best out of a bad situation for Ralan. The Sapphire development was...

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Charter Hall property trust announces trio of acquisitions and $242 million equity raise

Charter Hall property trust announces trio of acquisitions and $242 million equity raise

Three major acquisitions and a $242 million equity raise will boost the portfolio of Charter Hall's (ASX: CHC) real estate investment trust (ASX: CLW). The trust has entered into agreements to acquire interests in two office buildings located in Melbourne and Sydney, and a Bunnings Warehouse site in Darwin. In total, the three acq...

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Westpac to raise $2.5 billion for capital ratio buffer

Westpac to raise $2.5 billion for capital ratio buffer

One of Australia's leading banks is turning to the share market for $2.5 billion of extra breathing room so it can comply with higher capital ratio standards put in place in 2017. Westpac (ASX: WBC) shares entered a trading halt before announcing its net profit after tax (NPAT) for FY19 was down 16 per cent at $6.78 billion, and that ...

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"I was in the gutter, but never again": The promise that created a champion

"I was in the gutter, but never again": The promise that created a champion

Amelia Gow is living proof that no matter how hard a person falls; recovery is always an option. The entrepreneur behind thriving social enterprises 6729 Bakery and Active Opportunities spends her days helping others find their purpose in life. Gow's clients and staff are people who have previously struggled to break through barri...

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EMVision builds breakthrough portable brain scanner

EMVision builds breakthrough portable brain scanner

In what has been described as a medical breakthrough, med-tech EMVision (ASX: EMV) has unveiled its prototype portable brain scanner. The brain scanner has been in development for close to a decade and will allow doctors to perform scans on stroke patients from virtually any location. The machine is the size of an ultrasound unit and ...

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Entrepreneurs team up to make plastic straws a thing of the past

Entrepreneurs team up to make plastic straws a thing of the past

Two Australian competitors have come together on a mission to tackle single-use plastics. Little Green Panda and Stroh, both manufacturers of compostable, plant-based straws, have entered a joint venture to lead the plastic-free revolution. Manon Beauchamp-Tardieu's (pictured below, centre) Little Green Panda and Teresa Aylott'...

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RotoGro blazes into cannabis cultivation with Canadian acquisition

RotoGro blazes into cannabis cultivation with Canadian acquisition

RotoGro (ASX:RGI) is expanding its modus operandi with the acquisition of 51 per cent of Canadian medicinal cannabis cultivator Medicinal Compassion CanniFarms. The acquisition, worth around $7.5 million, is part of RotoGro's plans to streamline its business model, but vertically integrating a cultivator directly into the RotoGro busi...

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Smiles confirms $1.25m cash burn in Q1

Smiles confirms $1.25m cash burn in Q1

Embattled dental care group Smiles Inclusive (ASX: SIL) has revealed its cash burn averaged more than $416,000 per month in the first quarter of FY20, which is more than the amount of cash it held in the bank at the end of the period. After recently completing a $3.3 million capital raise of which $2 million had to come from sub-underwrit...

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Car industry on notice as Mazda faces court

Car industry on notice as Mazda faces court

Car manufacturer Mazda's Australian arm will face the Federal Court over allegations of unconscionable conduct and misleading statements in relation to faulty cars. As alleged by the Australian Competition and Consumer Commission (ACCC), Mazda engaged in unconscionable conduct and made false representations in its dealings with custom...

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Audit reveals full extent of Oliver's Real Food woes

Audit reveals full extent of Oliver's Real Food woes

"The worst is now behind us," says chairman Nicholas Dower. Oliver's Real Food (ASX: OLI) has come out of an almost month-long suspension from trading to report a net loss of $15.7 million for FY19, despite a return to profitability in the final quarter that has continued into the current financial year. The Central...

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Introducing Slyletica, "the most successful fashion brand you've never heard of"

Introducing Slyletica, "the most successful fashion brand you've never heard of"

Four years ago activewear entrepreneurs Simon and Yetta Rawadi took a life-changing trip to Spain. At the time, the two were best friends and business partners. They wanted their holiday to be a mental cleansing exercise; one that would free their minds and allow them to clearly define their future. "Yetta and I founded our o...

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EKOLUV takes on waste with Fashion as a Service

EKOLUV takes on waste with Fashion as a Service

What's the first thing that comes to mind when you hear the words 'sustainable fashion'? Chances are your mind wanders to the unrewarding aisles of second-hand warehouse stores; rows upon rows of pre-worn clothing and bric-à-brac that will likely never be sold. Or perhaps you're transported to a suburban op-shop...

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Tammy Hembrow hits 10 million follower mark

Tammy Hembrow hits 10 million follower mark

Influencer entrepreneur Tammy Hembrow has been firing on all cylinders in 2019. Not only have her athleisure fashion brand Saski Collection and Tammy Hembrow Fitness seen strong growth, but she's broken some incredible Instagram milestones. Her number of followers has risen by around 1.3 million in the past 12 months to reach the ...

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Atlassian's Trello cracks 50 million user milestone

Atlassian's Trello cracks 50 million user milestone

Kanban-style project management tool Trello has today hit a milestone of 50 million registered users, making it Atlassian's most successful business acquisition to date. Since acquiring Trello in 2017, Atlassian has grown the software from 19 million users to today's bumper 50 million. To celebrate, Atlassian has expanded the ...

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Feels like we only go backwards: ASX board diversity falling

Feels like we only go backwards: ASX board diversity falling

The push to get more women on ASX 200 boards has hit a roadblock with rates of female appointments falling according to the Australian Institute of Company Directors (AICD). The AICD's latest Gender Diversity Quarterly Report notes women now represent 29.5 per cent of directors on ASX 200 boards, down from 29.7 per cent in July. I...

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Compensation Partners Lawyers to relaunch as Kingsley Lawson Lawyers

Compensation Partners Lawyers to relaunch as Kingsley Lawson Lawyers

Since launching in 2013, Compensation Partners Lawyers, specialists in compensation law, have witnessed a solid growth in operation. With a staff of 16 in offices across New South Wales and Queensland, the boutique law firm has built its reputation on integrity, dexterity and expertise in the area of compensation law. As founder and M...

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Medicinal cannabis firm Greenfield MC Global turns to crowdfunding for expansion

Medicinal cannabis firm Greenfield MC Global turns to crowdfunding for expansion

Listed Australian medical cannabis stocks have fallen from grace in the past six months, following suit from global industry leaders in North America such as Canopy Growth Corp, Aphria Inc and Aurora Cannabis. Despite strong prescription growth in Australia and inroads in many jurisdictions abroad, not to mention recreational cannabi...

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Shine Lawyers launches super class action over PFAS contamination

Shine Lawyers launches super class action over PFAS contamination

What started as a legal battle from an Ohio firefighter against chemical manufacturers has now spread to Australia, with Shine Lawyers (ASX: SHJ) launching one of the country's biggest ever class action suits. The Brisbane-based firm announced yesterday it was investigating a potential super class action against the Department of Defe...

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Alternative data the next frontier for lending tech

Alternative data the next frontier for lending tech

"All the technology, processes and procedures that we build are constantly evolving, and I think that's what's separating us from the giants in our space and the legacy lenders," says Jacaranda Finance founder Daniel Wessels.  For most people the word association with "subprime" would be "mortgage cri...

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Suncorp exec to take the wheel at RACQ

Suncorp exec to take the wheel at RACQ

Suncorp's (ASX: SUN) CEO of banking and wealth David Carter (pictured) has stepped down to take on a new role. Carter will leave the Brisbane-based company in early 2020 to take on the role of CEO at Queensland motoring body RACQ. Suncorp CEO Steve Johnston, who was appointed to lead the company in early September, says Carter led...

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Woolworths underpaid staff by up to $300 million

Woolworths underpaid staff by up to $300 million

Australia's largest retailer has 'unreservedly apologised' after a review prompted by an enterprise agreement (EA) found 5,700 were underpaid. Woolworths Group's (ASX: WOW) internal review of its supermarkets and Metro stores found inconsistency in pay for salaried store team members compared to team members under the...

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From Zambrero stores to TV comedy: SS Group enters the media kitchen

From Zambrero stores to TV comedy: SS Group enters the media kitchen

"Don't put all your eggs in one basket." It's the mantra young entrepreneurs Scott and Shae Chapman have been living and breathing since founding The SS Group just over five years ago. Their journey began in franchising when the duo launched several restaurants within the Zambrero Mexican chain. They quickly disc...

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Melbourne startup unveils ocean floor 'Street View' submarine

Melbourne startup unveils ocean floor 'Street View' submarine

Emerging Melbourne tech startup UAM Tec (Underwater Autonomous Mapping Technology) has revealed its first product, dubbed Google Maps Street View for the ocean floor. Sub Mapping is UAM Tec's new underwater submarine that can autonomously map the world's oceans, lakes and waterways, creating what the company calls "WaterView&...

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ACCC takes Google to court over misleading use of user location data

ACCC takes Google to court over misleading use of user location data

The Australian Competition and Consumer Commission ('ACCC') has launched proceedings in the Federal Court against Google, alleging the Silicon Valley giant misused users' location data. The watchdog claims that from at least January 2017, Google breached the Australian Consumer Law when it made on-screen representations on And...

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BAF struggles to shake off links to Blue Sky

BAF struggles to shake off links to Blue Sky

"Come on!" is the gist of the latest announcement from Blue Sky Alternatives Access Fund (ASX: BAF), a Sydney-headquartered investment house that continues to rue the day it adopted the name of its Gold Coast counterpart now in administration. Two weeks ago the fund announced negotiations had been delayed to replace a Blue Sky s...

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Benjamin Hornigold demands repayment as JB Financial Group falls into receivership

Benjamin Hornigold demands repayment as JB Financial Group falls into receivership

The company that holds the majority of Benjamin Hornigold's (ASX: BHD) assets has fallen into receivership, and the embattled company is anxious for repayment. JB Financial Group (JBFG) fell into receivership today, with Wexted Advisors being appointed as the group's receivers and managers by Partners For Growth (PFG) under its se...

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Bravura to acquire wealth management software company for $25 million

Bravura to acquire wealth management software company for $25 million

Listed fintech Bravura (ASX: BVS) is poised to acquire Australian software company FinoComp for $25 million. Like Bravura, FinoComp is a software development company that builds solutions for the wealth management market. FinoComp currently has clients in the UK including Aegon and Nucleus, and provides them with software for data ana...

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Gold Coast international education on track to hit $1 billion

Gold Coast international education on track to hit $1 billion

A recent report from Deloitte Access Economics shows the international education and training sector generated $988 million for the Gold Coast economy in 2018, representing growth of 18 per cent. The data found Brazil, China and India were the biggest international student cohorts with the sector supporting 4,730 local...

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Costa offers heavy discount for $176m capital raise

Costa offers heavy discount for $176m capital raise

In a year marked by successive profit downgrades as Costa Group (ASX: CGC) faced dual challenges of crop problems and slowing markets, the fruit and vegetable company is now raising capital to pay off debt at a price near its IPO level. Buoyed by the narrative of healthy eating, demand in Asia and world-leading berry genetics, Costa's...

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Jennifer Hawkins' tequila brand teams up with LA Clippers

Jennifer Hawkins' tequila brand teams up with LA Clippers

A tequila brand founded by Jennifer Hawkins and her husband Jake Wall has made a groundbreaking deal to partner with NBA franchise the LA Clippers. Founded by the couple in 2015 with production in the Mexican state of Jalisco, Sesión Premium Tequila has been expanding its footprint in the US market with a focus on California. ...

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