Oaktree takes hold of Blue Sky's water assets

Oaktree takes hold of Blue Sky's water assets

The carving up of Blue Sky Alternative Investments (ASX: BLA) has begun with assets set to be filtered through to the vulture fund that came to its rescue in the darkest hour.  Yesterday the embattled company announced restructuring would commence this week with the transfer of its water and agricultural funds - known as its real ass...

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Gig economy reaps rewards for Freelancer with record result

Gig economy reaps rewards for Freelancer with record result

Around 900,000 jobs were added to the world's largest freelancing and crowdsourcing marketplace Freelancer (ASX: FLN) in the first half, with revenue up 16 per cent at $28.7 million. Led by its founder Matt Barrie (pictured), the company's gross payment volume (GPV) rose 11 per cent in the period to reach a record of $400 mil...

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The perfect end of year conference and events venues at your fingertips

The perfect end of year conference and events venues at your fingertips

Nothing shows staff, clients and colleagues your appreciation quite like an end of year celebration. Whether it's an intimate gathering, an extravagant gala or even a sophisticated and sleek corporate affair, there are a multitude of ways to make your end of year event pop. It begins with choosing the perfect venue. Often the most...

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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...

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Former Leighton CFO to be given two years imprisonment for falsifying the books

Former Leighton CFO to be given two years imprisonment for falsifying the books

Peter Alan Gregg, a former CFO of Leighton Holdings (LHL), is looking at two years in jail for cooking the books. Gregg was found guilty in December 2018 after a five-week trial by jury for falsifying LHL's books. Meanwhile, former LHL executive Russell Waugh who was managing director at Leighton Welspun Contractors Pvt Ltd, was f...

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GO1 secures new global HQ

GO1 secures new global HQ

Online education and training aggregators GO1 have set up their brand-new global headquarters in Logan, Queensland. The business, co-founded by young entrepreneurs Vu Tran (pictured) and Andrew Barnes, offers more than 45,000 training courses online form a range of different education content providers. Tran says running his globally ...

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Corporate raiders come knocking at Yowie's door

Corporate raiders come knocking at Yowie's door

A pair of notorious corporate raiders behind two unsuccessful attempts to buy out confectioner Yowie (ASX: YOW) are taking matters into their own hands. Farooq Khan and Nicholas Bolton have launched an attempt to have chairman Louis Carroll and executive director Glen Watts removed from the company board. It is the latest play from th...

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Redbubble floats into operating profit for first time since IPO

Redbubble floats into operating profit for first time since IPO

Creative works marketplace Redbubble (ASX: RBL) saw a 41 per cent spike in revenue in FY19, along with an almost equivalent surge in users driven by the 369,000 artists who now harness the platform to make income in the gig economy. The group's marketplace revenue hit $257 million, contributing to the first full-year operating EBITDA ...

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Furniture e-commerce leader Temple & Webster tables first profit

Furniture e-commerce leader Temple & Webster tables first profit

Furniture retailer Temple & Webster's (ASX: TPW) online model has paid off with the company recording its first full year profit. During FY19 the company generated $101.6 million in revenue, up 41 per cent on the prior year. Most notably for investors who have stuck with the e-commerce furniture and homewares vendor since its ...

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Why Gold Coast's natural landscape was the perfect setting for this blockbuster film

Why Gold Coast's natural landscape was the perfect setting for this blockbuster film

The Gold Coast's natural landscape played a significant role in attracting Danger Close: The Battle of Long Tan to being produced in the region. The soon to be released motion-picture which tells the story of the heroic efforts of Delta Company of Queensland's 6th Battalion Royal Australian Regiment in the infamous battle in 1966,...

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Ecofibre, the Aussie hemp giant pushing a $1 billion market cap

Ecofibre, the Aussie hemp giant pushing a $1 billion market cap

With a share price that has doubled since listing on the ASX in March, great expectations have surrounded Australian hemp company Ecofibre (ASX: EOF) ahead of its results announcement today and the numbers are unlikely to disappoint. Ecofibre's revenue for FY19 was up 519 per cent at $35.6 million while net profit after tax jumped 170...

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Healthy turnaround for Oliver's Real Food

Healthy turnaround for Oliver's Real Food

Since Oliver's Real Food (ASX: OLI) founder Jason Gunn returned to helm the ship the company's fortunes have improved substantially. During the fourth quarter the health-oriented fast food business delivered a profit as well as earnings of $161,000. "This is a direct outcome of management's determination to eliminate ...

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National Veterinary Care to acquire procurement business

National Veterinary Care to acquire procurement business

Australian Young Entrepreneur of the Year 2018 Tomas Steenackers' (pictured) listed National Veterinary Care (ASX: NVL) has announced the acquisition of a new business. NVL expects to complete the $5 million acquisition of the 'veterinary procurement business' by 30 September 2019. The acquisition will complement its exist...

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GBST yields to FNZ takeover bid

GBST yields to FNZ takeover bid

Shares in Brisbane-based fintech GBST (ASX: GBT) have risen 6.5 per cent this morning after the board unanimously recommended a takeover bid from the holding company of FNZ Custodians. The $3.85 per share bid is actually less than an earlier acquisition offer from the New Zealand-based company, but is still 7 per cent more than an offer o...

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Village Roadshow part-owned US cinema chain facing possible bankruptcy

Village Roadshow part-owned US cinema chain facing possible bankruptcy

A US cinema chain that is 24.5 per cent owned by Village Roadshow (ASX: VRL) is potentially facing bankruptcy. The American cinema chain iPic Entertainment, announced on Friday US time that it would be unable to repay a $10.1 million interest payment to the Employees Retirement System of Alabama (ERSA) and the Teachers Retirement Sys...

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Bubs breaks records with strongest quarter to date

Bubs breaks records with strongest quarter to date

Landmark deals with China, a major acquisition and an alliance with Chemist Warehouse were all part of Bubs Australia's (ASX: BUB) formula for success in 2019. The organic baby food, infant formula and goat dairy producer closed out FY19 with its strongest ever quarter, reporting a 179 per cent yearly revenue increase to $51.3 million...

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Aussie cannabis companies find footholds in the UK

Aussie cannabis companies find footholds in the UK

Two major cannabis companies Bod Australia (ASX: BDA) and Elixinol (ASX: EXL) have announced partnerships establishing relationships in the United Kingdom. With a growing medicinal cannabis market estimated to be worth $14 billion by 2028, the UK is fast becoming an essential market for expanding companies. Bod has signed an agreement...

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How to evaluate your accident or injury case

How to evaluate your accident or injury case

One of the first questions asked of accident and injury compensation lawyers is "what is the value of my claim?".  It is a fair question, and one that should be answered at the beginning of any compensation claim process. However, every case is different and there are a lot of variables to evaluate in an accident or inj...

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Why an Australian building industry downturn is inevitable

Why an Australian building industry downturn is inevitable

According to BIS Oxford Economics a downturn in Australia's residential building industry is "already baked in". But fear not, it is only expected to last for about a year, and things will start looking up from mid-2020. While the dip in the building market is on its way, the market analyst and economic forecaster says t...

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ACCC: Facebook and Google's power distorts companies' ability to compete

ACCC: Facebook and Google's power distorts companies' ability to compete

The long-awaited Australian Competition and Consumer Commission (ACCC) report into the out-of-control growth and dominance of digital platforms has been released today, with the watchdog critical of giants Facebook and Google. The overarching theme of the report can be distilled into the ACCC not trusting the platforms to self-regulate, w...

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FNZ lifts bid by 10%, GBST still not keen

FNZ lifts bid by 10%, GBST still not keen

Update: This afternoon GBST entered a trading halt pending an announcement, with shares set to recommence trading by July 30. When Wellington-based FNZ Custodians tried to acquire Brisbane fintech GBST (ASX: GBT) earlier this month, it outbid its US opponent in the final hour by five cents. The success of M&A activity is about mor...

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Atlassian passes US$1 billion mark for the first time

Atlassian passes US$1 billion mark for the first time

Now with more than 150,000 customers on its books, one of Australia's most successful technology companies has notched 36 per cent year-on-year growth in the fourth quarter to hit US$334 million. In an announcement this morning, Atlassian (NASDAQ: TEAM) co-founder and co-CEO Scott Farquhar (pictured right) said the company h...

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Janine Allis stands with board ahead of possible Retail Zoo IPO

Janine Allis stands with board ahead of possible Retail Zoo IPO

Rumours of a potential ASX listing of franchise group Retail Zoo are swirling as of late. The company, which operates Janine Allis' extremely successful Boost and a swathe of other brands, is exploring a range of options to keep growth on an upward trajectory. The group - also responsible for Betty's Burgers, Cibo Espress...

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NSW Planning knocks back "incongruous" Star luxury tower

NSW Planning knocks back "incongruous" Star luxury tower

Planning authorities in New South Wales have rejected Star Entertainment Group's (ASX: SRG) plans to build a 61-story Ritz-Carlton hotel in Sydney, describing it as "contextually inappropriate" with an unacceptable height. In a report, the NSW Department of Planning concluded the proposed $500 million development was in...

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The five questions to ask before buying a company car

The five questions to ask before buying a company car

Whether you're a start-up or a mature company, you may wonder if buying a car or vehicle for your business is the right decision. According to the Australian Bureau of Statistics there are over 3.8 million commercial vehicles (trucks, buses, and other light commercial vehicles) on the books in Australia. That's a lot of choice. ...

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ASIC to launch proceedings against ANZ

ASIC to launch proceedings against ANZ

ANZ is set to face civil penalty proceedings over fees charged to customers who failed to make scheduled payments between accounts. The issue was part of an ultimately unsuccessful class action brought by law firm Maurice Blackburn, but in December 2018 there was a settlement of $1.5 million for certain fees. The settlement is still s...

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AP Eagers and AHG merger gets ACCC green light

AP Eagers and AHG merger gets ACCC green light

The proposed merger of two of Australia's largest automotive dealers has been conditionally approved by the Australian Competition and Consumer Commission (ACCC) this morning. Combined, AP Eagers (ASX: APE) and Automotive Holdings Group (ASX AHG) will be Australia's largest car dealership business, with a market capitalisation of ...

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Brisbane International to hit a grand slam with Ash Barty

Brisbane International to hit a grand slam with Ash Barty

Women's world number one tennis player Ash Barty will hit the courts at the Brisbane International in 2020. The Ipswich-born world champ was announced as a Brisbane International contender at a special event in Brisbane this morning, with 70 young tennis players welcoming the world's best back home. "Ash is a global super...

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CBD property market demand spiking nationally

CBD property market demand spiking nationally

Following this year's Federal election, demand for CBD office space of all types has spiked across the country. According to Colliers International's latest research demand for office space increased 8 per cent nationally fromQ1 2019 to Q2 2019. Demand has increased for most markets around Australia except for Adelaide and Mel...

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TPG and HUB24 slammed for all male company boards

TPG and HUB24 slammed for all male company boards

The Australian Institute of Company Directors (AICD) have slammed four major Australian companies for having no women on their boards. HUB24, NRW Holdings, Emeco Holdings, and TPG Telecom have all been called out by the AICD for having no women on their boards as of 30 June 2019. Additionally, the AICD has revealed that gender diversi...

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