Data#3 expects a bumper full year profit

Data#3 expects a bumper full year profit

Listed IT services company Data#3 (ASX: DTL) is looking at a healthy FY19 result thanks to a strong Australian technology market. The company has posted a trading update this morning where it anticipates a record full year result to come through when its final FY19 results are released. Subject to finalisation of the Discovery Technol...

Read More...
Tritium puts electric vehicle charging expansion into gear with $200m pipeline

Tritium puts electric vehicle charging expansion into gear with $200m pipeline

Australia may not be one of the 14 countries that plan to ban sales of gasoline-fuelled cars by 2040, but it is home to one company in the driver's seat of the electric vehicle (EV) revolution. Tritium has the potential to become a Brisbane and national icon following the opening of its EV R&D centre in May, while its offices in A...

Read More...
Nimble pulls out of payday lending while ASIC clamps down

Nimble pulls out of payday lending while ASIC clamps down

Fintech Nimble will exit its high interest, short-term loans business this year at a time when the sector is under heightened scrutiny from the corporate watchdog. The Australian Securities and Investments Commission (ASIC) released a consultation paper yesterday revealing plans to use new product intervention powers in the short-ter...

Read More...
Dodo slammed with fine for false streaming claim

Dodo slammed with fine for false streaming claim

Internet service provider (ISP) Dodo has been hit with a $360,000 fine for overstating what its NBN service could achieve. The company, wholly owned by Vocus Group (ASX: VOC), has agreed to refund around 16,000 customers for claims that its entry-level NBN broadband plans were 'perfect for streaming'. The plans in question wer...

Read More...
Will RFG be rescued by $160m capital injection?

Will RFG be rescued by $160m capital injection?

The company responsible for franchises such as Michel's Patisserie, Gloria Jeans and Donut King may receive a tailwind to push it out of the doldrums, thanks to a Sydney-based investor backed by capital from Hong Kong's SSG Capital Management. Retail Food Group (RFG) announced yesterday it had received a non-binding proposal from ...

Read More...
Class action takes aim at NAB super fund

Class action takes aim at NAB super fund

Litigation funder IMF Betham is working with William Roberts Lawyers to bring a class action against NULIS Nominees, an MLC Super Fund trustee company owned by NAB (ASX: NAB). The class action alleges the MLC Super Fund charged excess fees to its members from 1 July 2016 onwards. It also argues the company breached obligations to act ...

Read More...
How an Australian fashion startup became a viral sensation

How an Australian fashion startup became a viral sensation

Success sometimes comes from the strangest places. In fashion,most of the time it isn't what's being worn but who wears it. And when a brilliant garment and a fiery personality collide, that's when sparks fly for fashion startups. No one knows this better than the two founders of Bianca and Bridgett - Bianca and Bridgett R...

Read More...
THC Global receives licence for Southern Hemisphere's largest cannabis bio-extraction facility

THC Global receives licence for Southern Hemisphere's largest cannabis bio-extraction facility

THC Global (ASX: THC) is poised for significant growth following the receipt of a licence allowing it to produce medicinal cannabis on an unprecedented scale. The listed medicinal cannabis company has received a manufacture licence for cannabis at its manufacturing facility at Southport on the Gold Coast, the largest bio-pharma extraction...

Read More...
Thorney takes a slice of Catalano's Australian Community Media

Thorney takes a slice of Catalano's Australian Community Media

Alex Waislitz (pictured) has grabbed a slice of Antony Catalano's regional media group via his listed company Thorney Opportunities (ASX: TOP). Thorney partnered with the former Domain boss on the $115 million acquisition of the Australian Community Media (ACM) group from Nine Entertainment (ASX: NEC). TOP has taken a 25 per cent ...

Read More...
Business bank Tyro considering ASX listing

Business bank Tyro considering ASX listing

Payments and banking company Tyro told investors this morning that it is considering an ASX listing in a brief statement posted online. The company says that the listing is not a done deal, and a number of conditions must be met first. "Tyro Payments Limited today announced it is investigating the potential to move from its curre...

Read More...
Villa World enters deal for takeover from AVID

Villa World enters deal for takeover from AVID

Property company Villa World (ASX: VLW) is now one step closer to handing over the keys to new owners, after suitor AVID Property Group completed due diligence for its proposed $293.5 million takeover of the Gold Coast group. Villa World's board slated its intention in May to unanimously recommend the proposal to shareholders, and now...

Read More...
Pokies giants Ainsworth and Aristocrat to duke it out in the Federal Court

Pokies giants Ainsworth and Aristocrat to duke it out in the Federal Court

Last Thursday one of Australia's major players in the world of pokies filed a claim in the Federal Court against its biggest rival. After months of preparation, Aristocrat Technologies Australia (ASX: ALL) has taken Ainsworth Game Technologies (ASX: AGI) to the Federal Court, alleging breach of copyright. The case revolves around ...

Read More...
McGrath Nicol executive chairman to lead Evans Dixon

McGrath Nicol executive chairman to lead Evans Dixon

Restructuring expert Peter Anderson will fill the void left at Evans Dixon (ASX: ED1) after its former CEO moved aside last month in a bid to rescue the financial advisory firm's struggling US business. Alan Dixon stepped down from the role to focus on the company's US Masters Residential Property Fund (ASX: URF), which saw i...

Read More...
GBST snubs fresh takeover bid from FNZ

GBST snubs fresh takeover bid from FNZ

Fintech GBST (ASX: GBT) has received a higher takeover bid from FNZ Custodians at a $4 million premium to a current deal in the works, but the board has questioned the New Zealand company's approach. GBST, which provides custom technology across a range of financial services, has been in the sights of a few companies since April inclu...

Read More...
Frank Costa retires from the Costa Board

Frank Costa retires from the Costa Board

After a lifetime of building Costa Group (ASX: CGC) into the company it is today Frank Costa is stepping down from his position as a non-executive director. He will continue to retain his involvement with the company as an advisor to the board, whilst the Costa family still holds a significant share of the company.  The produce b...

Read More...
AP Eagers to divest Newcastle car dealers to secure AHG merger

AP Eagers to divest Newcastle car dealers to secure AHG merger

The one bump in the road toward the proposed merger of two of Australia's largest automotive groups has been more or less flattened following this morning's announcement from AP Eagers (ASX: APE). The 106-year-old company has announced it will divest its Newcastle and Hunter Valley based car dealer Kloster Motor Group for $54 mill...

Read More...
Shark Tank sharks will shine at Gold Coast Way Ahead

Shark Tank sharks will shine at Gold Coast Way Ahead

Some of the country's most successful investors, thought leaders and innovators will steal the spotlight at Gold Coast Business Week 2019. Almost every local entrepreneur worth their salt will be involved during the week either as panellists, VIPs, guest speakers, event hosts or attendees. Not least of which is a trio of sharks wh...

Read More...
Demystifying exports with MooGoo's Craig Jones

Demystifying exports with MooGoo's Craig Jones

Over the last few years exports have been firmly on the mind of the founder of MooGoo, Craig Jones. The Gold Coast-based skincare company has taken off overseas, thanks primarily to its status as a natural remedy for skin problems like eczema and psoriasis. The company has hit major milestones over the last two years, like a bumper or...

Read More...
Diversify fine-tunes offshoring for ASX-listed firms

Diversify fine-tunes offshoring for ASX-listed firms

What started as a foray to find support staff for a Brisbane-based law firm has transformed into a large-scale offshoring solution for a dozen ASX-listed companies and counting. In 2011 Robert Hynes (pictured right) of Hynes Legal visited the Philippine capital of Manila to find a few typists as support staff, which over time expanded to ...

Read More...
Removify was Nick Bell's startup itch that needed to be scratched

Removify was Nick Bell's startup itch that needed to be scratched

Removify is helping businesses remove unwanted and fake online reviews and content with a 'no win, no fee' business model. Nick Bell (pictured) could easily have been forgiven for taking a break from the business world following his $39 million sale of WME Group to Melbourne IT (ASX:MLB) in 2017. But Bell couldn't kee...

Read More...
Aveo confirms Brookfield as preferred takeover partner

Aveo confirms Brookfield as preferred takeover partner

Canadian investment group Brookfield has been named as Aveo's (ASX: AOG) preferred takeover partner. The senior living provider announced this morning it is in talks with Brookfield about a possible takeover. While the suitor has been named as Aveo's "preferred" takeover partner, the two still need to enter into defi...

Read More...
Elixinol secures exclusive German distribution deal

Elixinol secures exclusive German distribution deal

Germany's fledgling medicinal cannabis industry is ripe for the picking, and Australia's leading player in the sector is making moves to dominate. Elixinol Global (ASX: AXL), recently highlighted by Business News Australia as the top cannabis company in the country, has signed an exclusive agreement to distribute its products into...

Read More...
Medlab shares surge on strong sales results

Medlab shares surge on strong sales results

An Australian medicinal cannabis company achieved 50 per cent year-on-year revenue growth in the June quarter, backed by a roll-out of its nutraceutical range Priceline and TerryWhite Chemmart pharmacies. Medlab Clinical (ASX: MDC) recorded revenue of $3 million for the quarter, and that money didn't even come from its flagship NanaBi...

Read More...
Troubled Silver Chef settles for less

Troubled Silver Chef settles for less

Silver Chef (ASX: SIV) has come to an agreement with the consortium led by Next Capital that is seeking to take the company private. Now that Next Capital has pored over Silver Chef's books it appears as if Silver Chef is willing to settle for less. The embattled Silver Chef and the consortium led by Next Capital have deliberated ...

Read More...
Former Sirtex CEO pleads guilty to insider trading

Former Sirtex CEO pleads guilty to insider trading

The former CEO and director of biotech company Sirtex Medical, Gilman Edwin Wong (pictured), has pleaded guilty to one charge of insider trading. Wong was committed to the Sydney District Court for sentencing on a date to be fixed. The charge of insider trading relates to Wong's sale of 74,698 shares on 26 October 2016 while in po...

Read More...
New player enters bidding war for GBST

New player enters bidding war for GBST

What started as a $2.50 takeover bid from Bravura Solutions (ASX: BVS) in April has turned into a scrum as several suitors seek to get their hands on Brisbane-based fintech GBST (ASX: GBT). The company's shares went into a trading halt on Monday afternoon after SS&C Technologies Inc (Nasdaq: SSNC) lifted the stakes to $3...

Read More...
Australian Unity Office Fund receives improved takeover offer

Australian Unity Office Fund receives improved takeover offer

A consortium of two major Sydney-based property companies has put some icing on the cake in its bid for Australian Unity Office Fund (ASX: AOF), a holder of nine metropolitan and CBD office properties with a market cap of close to $487 million. On 4 June, a group associated with Abacus Property Group (ASX: ABP) and Charter Hall Group...

Read More...
How Bondi Sands embraced Australia to sell to the world

How Bondi Sands embraced Australia to sell to the world

Business success often reads like witchcraft. A dash of this, a pinch of that, and the first hair of a newborn baby is all it takes for your business to be the next big thing! For the founders of Bondi Sands, the main ingredient in their spell is Australia itself. The company, which sells tanning and suncare products, has become one o...

Read More...
CuDeco goes into receivership

CuDeco goes into receivership

Gold Coast-headquartered copper miner CuDeco (ASX: CDU) has entered receivership after a year marked by the total suspension of its Cloncurry mine, a glimmer of hope from a cobalt deal and a string of executive departures. When founder Wayne McRae was touting the potential of CuDeco's Rocklands project in Cloncurry in 2006, shares in ...

Read More...
Cromwell pours $300M from sale of Sydney tower into acquisition cash pool

Cromwell pours $300M from sale of Sydney tower into acquisition cash pool

Cromwell Property Group (ASX: CMW) has exchanged contracts to sell its 50 per cent stake in Sydney's Northpoint Tower to a Hong Kong-based company for $300 million. The real estate manager will offload its remaining interest in Northpoint to Early Light International, which initially acquired 50 per cent of the asset from Redefine Pro...

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