Stars align for THC Global after cannabis manufacture licence granted

Stars align for THC Global after cannabis manufacture licence granted

One of Australia's leading listed cannabis companies is on track with its 'farm to pharma' business model after crossing a key regulatory hurdle. Shares in THC Global (ASX: THC) rose 12.5 per cent this morning to $0.50 after the company announced its subsidiary Canndeo was granted a manufacture licence from the Australian Offi...

Read More...
Uber Air pilot to take off in Melbourne

Uber Air pilot to take off in Melbourne

After becoming an essential part of the fabric of our roadways, ridesharing and transport service Uber now plans to take to the skies in a bid to reduce traffic on the ground. Australia will play a key role in the deployment of the Uber Air program, with Melbourne set to join Dallas and Los Angeles as the service's third official...

Read More...
Emerge Gaming partners with Viacom for Nickelodeon eSports platform

Emerge Gaming partners with Viacom for Nickelodeon eSports platform

Listed gaming and eSports company Emerge Gaming (ASX: EM1) has been tasked with the development of a Nickelodeon eSports platform in partnership with Viacom International Media Networks Africa (VIMN). Called NickX, the platform is a kid-focused eSports interactive tournament platform showcasing content from Viacom's Nickelodeon brands...

Read More...
Afterpay shares rise as capital raising exceeds target

Afterpay shares rise as capital raising exceeds target

Buy-now pay-later (BNPL) heavyweight Afterpay (ASX: APT) have surged 9.5 per cent this morning to $26.47 after an institutional placement raised $317 million. Those who took part in the capital raising will already be reaping the rewards as the new shares were issued at $23 each, while a $30 million share purchase plan (SPP) is on its way...

Read More...
Australian Property Institute backs LandMark White

Australian Property Institute backs LandMark White

The property industry's professional organisation has come out in support of LandMark White (ASX: LMW) following the property valuer's back-to-back data breaches. The Australian Property Institute (API) is providing support to LMW and other members of the organisation affected by cybercrimes. API CEO Amelia Hodge (pictured) sa...

Read More...
Blue Sky settles lawsuit against former directors

Blue Sky settles lawsuit against former directors

Investment firm Blue Sky has settled a lawsuit involving the alleged illegal downloading of company data. The firm, currently in receivership, says proceedings against Blue Sky Water Partners, Pinnacle Investment Management Group, Riparian Capital Partners (RCP) and former Blue Sky employees have been resolved on confidential terms. T...

Read More...
Wesfarmers to buy online retailer Catch Group for $230m

Wesfarmers to buy online retailer Catch Group for $230m

Perth-based Wesfarmers (ASX: WES) is entering new territory in e-retail through an agreement to buy Catch Group, a homegrown company that has recently beefed up its warehouse capacity in Melbourne.  If the $230 million transaction goes ahead, Catch Group will operate independently of Wesfarmers' other retail businesses Bunni...

Read More...
The rise and fall of Blue Sky: A timeline from ASX powerhouse to pariah

The rise and fall of Blue Sky: A timeline from ASX powerhouse to pariah

Fund manager Blue Sky Alternative Investments (ASX: BLA) ended its 7.5-year run on the ASX after going into receivership. At its peak the Brisbane-based investment firm was worth almost $1.2 billion, with capital raisings easily fulfilled and an aggressive investment strategy fuelling global interest.  During what appeared t...

Read More...
Construction entrepreneur thinks outside the box

Construction entrepreneur thinks outside the box

On the back of projects ranging from office fit-outs to schools to nightclubs, Chapcon Design & Construct is growing at a swift pace as revenue doubles each year. Founded by carpenter Nick Chapman in 2011, the group's portfolio of projects has been buoyed by word-of-mouth and strengthened by its track record and willingness to tak...

Read More...
Afterpay to raise $330m for US expansion

Afterpay to raise $330m for US expansion

Shares in Australian fintech Afterpay (ASX: APT) have entered a trading halt amidst the announcement of a $330 million capital raising aimed at funding overseas expansion. In a release today, the company says its experience to date "confirms that the US scale-up opportunity is clear" and a strong growth strategy is needed to ach...

Read More...
Booktopia turns a new page after failed crowdfund attempt

Booktopia turns a new page after failed crowdfund attempt

Online bookseller Booktopia is looking for new investment sources after an ambitious crowdfunding scheme failed to achieve its minimum target. The company's offer on Equitise was due to expire in three days and would have needed investments of at least $3 million to go ahead, but had only reached commitments of $892,750. The decis...

Read More...
The Star's growth dims as the financial year closes in

The Star's growth dims as the financial year closes in

Growth revenue is softening for The Star Entertainment Group (ASX: SGR) due to various challenges faced by the company. Between 1 January and 8 June 2019 domestic revenue only rose 0.3 per cent year-on-year. International VIP trends continue to fall as was the case in 1H19, with turnover down 31.1 per cent in 2H19 thus far. As a r...

Read More...
Blue Sky CEO no longer required

Blue Sky CEO no longer required

Blue Sky has announced it no longer requires a CEO and has said farewell to Joel Cann (pictured) in a rather unceremonious fashion. Blue Sky, currently in receivership since 20 May, released the news in a curt announcement to the ASX. As a result, CEO Joel Cann left Blue Sky last Friday. Cann was only in the position of CEO for just o...

Read More...
Australia's largest cannabis company enters JV with RFI

Australia's largest cannabis company enters JV with RFI

Major Australian cannabis player Elixinol (ASX: EXL) expects its US subsidiary will have greater exposure to markets thanks to a strategic partnership secured with RFITD Holdings. The new alliance links Elixinol to RFI, a New York-based food ingredients manufacturer that has been in business since 1989. The two new partners ...

Read More...
AGL makes $3 billion bid for Vocus

AGL makes $3 billion bid for Vocus

AGL Energy (ASX: AGL) is having a second crack at acquiring internet service provider Vocus (ASX: VOC) after Swedish suitor EQT backed down from its bid last week.  In late May AGL confirmed it had already made a confidential offer for the telco which owns the Dodo and iPrimus brands, but an inability to reach acceptable due diligenc...

Read More...
Let's get physical: Viva Leisure lists on the ASX

Let's get physical: Viva Leisure lists on the ASX

Viva Leisure (ASX: VVA) has become the first health club group to list on the ASX this morning following a heavyweight $20 million IPO. The Canberra-based company has operated in the health, fitness and aquatic centre space since 2004, and now has 33 different locations under its wing. Its portfolio of brands includes Club Lime, Hiit ...

Read More...
Onterran creditors approve deed of company arrangement

Onterran creditors approve deed of company arrangement

Following its failed attempt to transform the Couran Cove Island Resort on Stradbroke Island Onterran's (ASX: OTR) creditors have approved a deed of company arrangement (DOCA). At a second creditor's meeting yesterday the administrators of Onterran passed a resolution that the company should execute a DOCA. David Clout and Pat...

Read More...
Uber comes out on top in Fair Work investigation

Uber comes out on top in Fair Work investigation

The results of an investigation conducted by the Fair Work Ombudsman is sure to have Uber smiling, with the watchdog confirming that Uber is not an "employer" in the traditional sense. The investigation was launched to determine whether Uber's Australian operations could be considered as that of an employer, the natural resu...

Read More...
LandMark White suspended from trading for the second time this year

LandMark White suspended from trading for the second time this year

Listed property valuer LandMark White (ASX: LMW) has been suspended from trading on the ASX following a second data breach of company documents. This suspension is the second this year for LMW which is attempting to repair its reputation with key banking clients. Following the second data breach, which was announced at the end of June...

Read More...
Creso Pharma to be acquired for $122 million by Canadian company

Creso Pharma to be acquired for $122 million by Canadian company

Australian medicinal cannabis company Creso Pharma (ASX: CPH) has announced that it has entered an agreement to be acquired by a PharmaCielo for $122 million. PharmaCielo is a cannabis group listed on Canada's TSX Venture Exchange, with a market capitalisation of $675 million. The Canadian company is the parent of the largest cann...

Read More...
Are businesses taking the threat of cybercrime seriously?

Are businesses taking the threat of cybercrime seriously?

The news that Australian National University suffered from a massive hack, seeing 19 years of data stolen made headlines earlier this week. According to the ABC names, addresses, dates of birth, phone numbers, personal email addresses and emergency contact details, tax file numbers, payroll information, bank account details, and passport ...

Read More...
Mathew Kratiuk's journey from homelessness to marketing executive

Mathew Kratiuk's journey from homelessness to marketing executive

Mathew Kratiuk has seen the gritty underworld, experienced the highs and lows of mental illness, the thrill of big business and boardrooms, and the desperation of homelessness. Now he's turning to Vinnies CEO Sleepout's Brisbane event on 20 June to share his journey of transformation. Born in Sydney's Cronulla to hardworki...

Read More...
Afterpay buy-now pay-later formula proves a success in the US

Afterpay buy-now pay-later formula proves a success in the US

Buy-now pay-later fintech Afterpay Touch Group's (ASX: APT) latest business update shows the company's US expansion is performing well on track. As it stands Afterpay's US business is generating approximately $1.7 billion in annualised underlying sales. This figure was achieved just 13 months after the group first landed in th...

Read More...
BOQ names George Frazis as new CEO

BOQ names George Frazis as new CEO

The Bank of Queensland (ASX: BOQ) has appointed former Westpac executive George Frazis as its new CEO. Frazis is the successor of Jon Sutton who resigned from the position in December 2018 to focus on his long-term health following a triple heart bypass. The new CEO of BOQ comes with an impressive resume and 17 years of experience in ...

Read More...
Gold Coast SUNS up the ante on hospitality with Pirate Life and Virgin Australia partnerships

Gold Coast SUNS up the ante on hospitality with Pirate Life and Virgin Australia partnerships

"There is nothing like live sport. It's an event, it's theatre, it's an escape from people's day to day jobs." According to Andrew Thomas, General Manager of Commercial Projects at the Gold Coast SUNS, this is one of the biggest motivators behind his team's delivery of outstanding corporate hospitality.

...

Read More...
Australian Family Lawyers to make ASX debut this week

Australian Family Lawyers to make ASX debut this week

A backdoor listing of Australian Family Lawyers (ASX: AFL) has been approved by the stock exchange with trading expected to begin on Friday this week. Founded by Edward Finn in 2015, the law firm aims to disrupt the conventional wisdom of relationship-driven business development in the legal profession, instead opting for an approach...

Read More...
LandMark White in trading halt as banks head for the exits

LandMark White in trading halt as banks head for the exits

Property valuer LandMark White (ASX: LMW) is in a trading halt while it works out how to deal with being suspended by major clients following the group's second data breach this year. The group announced on Tuesday evening that three of the four major banks, plus other financial institutions, have temporarily suspended instructions to...

Read More...
LiveTiles launches AI-driven data security solution with Microsoft

LiveTiles launches AI-driven data security solution with Microsoft

Within weeks of becoming a launch partner for Microsoft's SharePoint home sites, Australian-founded LiveTiles (ASX: LVT) has announced the launch of a new security platform for Office 365. The company's new AI-driven, data-centric security solution has been launched in conjunction with Nucleus Cyber, following a strategic par...

Read More...
Visitors flock to South Australia for record breaking 2019 Adelaide Fringe

Visitors flock to South Australia for record breaking 2019 Adelaide Fringe

International and interstate visitors to South Australia came in droves to the 2019 Adelaide Fringe festival, up 72 per cent from 2018. Almost $40 million was spent by interstate and international visitors at the event, up 24 per cent on last year, thanks to the 35,000 that flooded into SA during Mad March. In total the much-loved art...

Read More...
Toys 'R' Us returns to Australian shores

Toys 'R' Us returns to Australian shores

Beloved toy retailer Toys 'R' Us will return to Australian markets this month, bringing Babies 'R' Us along for the ride. The US-based parent company of both brands has announced an exclusive licencing agreement with Hobby Warehouse. The deal will see Hobby Warehouse sell through the www.toysrus.com.au and www.babiesru...

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