A merged AVID and Villa World is a force to be reckoned with

A merged AVID and Villa World is a force to be reckoned with

Last week AVID Property Group and Villa World tied the knot, establishing the pairing as one of the top 10 land developers in the country. The $410 million acquisition of Villa World by AVID, completed last week, will see AVID's portfolio increase from 10 to 37 projects and more than 12,000 residential lots, securing a gross revenue p...

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Shark Tank backing pays off as ISR Training rides next wave of growth

Shark Tank backing pays off as ISR Training rides next wave of growth

Gold Coast-based ethical sales company ISR Training is on a roll with sales up 300 per cent since Shark Tank sharks Glen Richards, Steve Baxter and Andrew Banks came on board in mid-2018. Ryan Tuckwood (pictured right), who co-founded the business with Jack Corbett (pictured left), says business has gone from strength to strength sin...

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Vicinity divests two malls for $200 million

Vicinity divests two malls for $200 million

Shopping centre operator Vicinity Centres (ASX: VCX) has divested two malls for a total of $195.5 million. The two centres are both suburban malls, with the Mt Ommaney Centre in Queensland selling for $94.5 million while the Corio Central mall near Geelong sold for $101 million. The total $195.5 million received in the divestment of t...

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Expert360 pens $500m deal with recruitment giant Hudson

Expert360 pens $500m deal with recruitment giant Hudson

Expert360 is on track to becoming the world's biggest jobs platform for highly skilled, non-permanent professionals following a deal with recruitment giant Hudson. The marketplace and management platform for independent consultants and contractors has penned a deal with Hudson that is worth $500 million. As part of the deal, Exper...

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Hold your horses: Body Corporate ban on Airbnbs unlikely to impact most Queenslanders

Hold your horses: Body Corporate ban on Airbnbs unlikely to impact most Queenslanders

A landmark legal decision upholding a ban on Airbnbs in certain strata title complexes is unlikely to impact the broader industry. For the first time in Queensland, a by-law banning short-term letting or Airbnb within a Gold Coast community has been successful. The decision in the case of Fairway Island GTP v Redman and Murray is cert...

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Aussie firms punch above their weight in Fintech100 list

Aussie firms punch above their weight in Fintech100 list

Australia has ranked fifth in terms of representation in this year's Fintech100 prepared by KPMG and H2 Ventures, with cross-border payment unicorn Airwallex the country's highest ranking firm at 32. Co-founded by Jack Zhang (pictured), Airwallex completed a US$100 million Series C round in March giving it an estimated market...

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AI startup Sortal out to clean up the world's visual asset mess

AI startup Sortal out to clean up the world's visual asset mess

When you're time-poor and live in a world where digital media is ubiquitous at home and in the workplace, it's very easy for the organisation of photos and videos to get left behind. Put them in the cloud, sort through the deluge later. Multiply that by all the staff within a company along with all their different ways of labe...

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John Bond's $100m Primewest IPO to list on Friday

John Bond's $100m Primewest IPO to list on Friday

A national property fund manager co-founded by Alan Bond's son is set to list on the ASX this Friday, following an oversubscribed $100 million initial public offering (IPO) from existing investors and institutions. Perth-based Primewest, which has been in operation for 24 years and now has more than $3.9 billion in assets across ...

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Wattle Health inks breakthrough JV deal with state-backed Chinese dairy company

Wattle Health inks breakthrough JV deal with state-backed Chinese dairy company

In a year marked by a freefall in its share price, infant food producer Wattle Health (ASX: WHA) has now reached a collaboration agreement with leading Chinese nutritional dairy company Nouriz. Nouriz, whose biggest shareholder is state-owned enterprise China Animal Husbandry Group (CAHG), will form an Australia-based 50/50 joint vent...

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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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