Why an All Ords Index of 7,000 is a Real Possibility

Why an All Ords Index of 7,000 is a Real Possibility

What a rollercoaster ride the Australian share market has been on over the past 12 months! With the All Ords peaking in August 2018 following a positive month on both Wall Street and the ASX, investors were suddenly spooked by the political turmoil in Canberra, and the All Ords lost $30 billion in one week to 23rd August. Poor sessions on...

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Zip exceeds expectations in final quarter

Zip exceeds expectations in final quarter

The last quarter of FY19 was a success for buy-now pay-later group Zip Co (ASX: Z1P). The group claims it has smashed its targets set at the beginning of FY19, with transaction volumes up 108 per cent year-on-year to $1.1 billion and revenue up 17 per cent quarter-on-quarter to $27 million. Zip now has 1.3 million customers using the ...

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US Justice Department launches antitrust review of tech giants

US Justice Department launches antitrust review of tech giants

Tech giants like Google, Facebook, Amazon and Apple are staring down the barrel of a US Department of Justice (DOJ) review into whether they are breaching antitrust laws. The DOJ announced its review into the tech giants overnight, with the focus of the review to look into whether and how market leading online platforms have achieved mark...

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APRA slams Macquarie, Rabobank and HSBC over funding standards

APRA slams Macquarie, Rabobank and HSBC over funding standards

The Australian Prudential Regulation Authority (APRA) has found the intra-group funding practices of three major banking institutions could undermine their stability in times of crisis. Following a review of funding agreements across the authorised deposit-taking (ADI) industry, APRA has called out Macquarie Bank (ASX: MQG)...

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Woolworths sells Perth shopping centre to overseas investor

Woolworths sells Perth shopping centre to overseas investor

Woolworths Group (ASX: WOW) has divested its self-anchored Banskia Grove shopping centre in Perth for $27.3 million, but will continue to rent its space under a 12-year lease. The centre in the city's northeast has a net lettable area of 5,721sqm and was sold to an undisclosed Singapore-based private investor. Woolies wi...

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DroneShield partners up to keep airport airspace safe

DroneShield partners up to keep airport airspace safe

Managing the air traffic surrounding an airport was already stressful enough before drones were introduced to the general public at an accessible price point. The tiny flying objects might seem innocuous, but as was demonstrated in December 2018 when a number of drones shut down Gatwick airport for hours displacing more than 1000 flights,...

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Kogan strategy pays off with strong result

Kogan strategy pays off with strong result

"In contrast to what has been reported as a tough retail environment, we have been able to grow the business and earnings while investing significantly in the Kogan.com customer experience and enabling our long term strategy," says founder Ruslan Kogan.  Online shopping behemoth Kogan.com (ASX: KGN) saw its shares rise 5 pe...

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Record revenue for Megaport

Record revenue for Megaport

Improving the interconnection of data centres helped cloud technology company Megaport (ASX: MP1) record a 78 per cent surge in revenue in FY19. The $35.06 million revenue result is a record for the Brisbane-based company, in a year that also ended with a record monthly recurring revenue (MRR) of $3.6 million in June with 1,490 customers....

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Harry Triguboff opens 19th Meriton Suites hotel

Harry Triguboff opens 19th Meriton Suites hotel

Meriton Suites has launched its latest Sydney-based hotel on Sussex Street in Darling Harbour. This is yet another milestone for Australia's second richest person and owner of Meriton Suites, Harry Triguboff, who now operates five hotels in the Sydney CBD and 19 around Australia. The Sussex Street hotel is located in the historic ...

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The 4DX method: a productivity model that works

The 4DX method: a productivity model that works

Without execution even the most brilliant strategy is nothing more than a fumbled plan. So how do you execute on your most important strategic priorities? The 4 Disciplines of Execution (4DX) is a strategic system sweeping the nation, and is also the name of Chris McChesney's popular workshop and best-selling book (co-authored by ...

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Landmark White offers up shares to pull out of strife

Landmark White offers up shares to pull out of strife

Embattled property valuer Landmark White (ASX: LMW) is making all efforts to wrench itself free from the mire of a cybersecurity disaster that slashed earnings by at least $6 million in FY19. Following two trading suspensions and the temporary withdrawal of major bank customers, the company has posted a $15.1 million loss that was heavily...

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M&As a hotbed for hackers and cybercriminals

M&As a hotbed for hackers and cybercriminals

With breaches of cybersecurity now one of the most looming threats for the sustainability of most Australian businesses, many are wondering how best to protect their operations. Simple things like regularly changing passwords and ensuring absolutely everybody changes them can go a mile towards strong cybersecurity Just see the case o...

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Queensland prawns given clean bill of health from white spot

Queensland prawns given clean bill of health from white spot

Queensland's prawn farmers are breathing a sigh of relief as local waterways continue to show no signs of white spot disease. The latest round of surveillance tests conducted throughout South East Queensland have returned negative for the disease, which only 2.5 years ago devastated prawn farmers in the Logan River region. Biosecu...

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Centuria acquires Adelaide CBD property for $127 million

Centuria acquires Adelaide CBD property for $127 million

Centuria's (ASX: CNI) property fund has acquired an Adelaide CBD office building for $127 million. The property, located on 80 Flinders Street, is expected to generate capital for the investment manager's unlisted property fund. The fund is expected to launch in August 2019, delivering FY20 and FY21 distribution yields of 6.50...

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Gilmour Space Tech counts down to momentous rocket launch

Gilmour Space Tech counts down to momentous rocket launch

The final frontier is just the beginning for the stargazers at Gilmour Space Technologies. During the week which coincidentally marks the 50th anniversary of the Apollo moon landing, Gilmour Space Technologies (GST) celebrates its own history-making moment. The Gold Coast-based rocket engineering company yesterday completed the final ...

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Fresh blood at NAB as Ross McEwan appointed CEO

Fresh blood at NAB as Ross McEwan appointed CEO

National Australia Bank (ASX: NAB) has found its new chief executive officer in the form of Ross McEwan. The New Zealand-born, former Australian banking industry executive has been the CEO of Royal Bank of Scotland (RBS) since 2013, leading that organisation through change and recovery. The appointment of McEwan represents a fresh sta...

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Futurist Chris Riddell: Is your business a rainforest or a banana plantation?

Futurist Chris Riddell: Is your business a rainforest or a banana plantation?

The internet of things (IoT) and augmented intelligence are set to overhaul the way we live, but in this new and sometimes scary world it is the startups that will have the edge. Futurist Chris Riddell made this assertion during a presentation recently at Gold Coast Business Week, highlighting the companies with the best chance of success...

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Smartbank 86 400 granted banking licence from APRA

Smartbank 86 400 granted banking licence from APRA

New 'smartbank' 86 400 has received an ADI licence from the Australian Prudential Regulation Authority (APRA) today, bringing the bank one step closer to its public launch. The APRA licence is a full banking licence, meaning 86 400 can take unlimited customer deposits and that it has met the same regulatory requirements as the Big...

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"Insufficient certainty" surrounds Superloop profit forecast

"Insufficient certainty" surrounds Superloop profit forecast

Telecommunications connectivity company Superloop (ASX: SLC) has fallen on hard times since a takeover bid from the Queensland Investment Company (QIC) failed to produce a firm deal. Prior to this impasse with its suitor the company's shares were trading at $1.93 each, but at the time of publication this morning they were sitting at $...

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First Big W store closures now in motion

First Big W store closures now in motion

Three Sydney outlets will be the first to go as part of Woolworths Group's (ASX: WOW) plan to shut 30 Big W stores nationwide. In an announcement today, the retail and poker machine company said agreements had been reached to close stores in Chullora, Auburn and Fairfield in January 2020. The stores will continue trading for the n...

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Wattle Health launches legal action against Indian importer

Wattle Health launches legal action against Indian importer

Organic infant food producer Wattle Health (ASX: WHA) has initiated legal action against an Indian importer for money owed. Wattle Health alleges baby food importer Vasudevan and Sons Exim Private (VSEP) has not provided the full bank guarantee to Wattle Health as required under a supply agreement. The pair entered into a supply agree...

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Could ASIC bring an end to insurance telemarketing?

Could ASIC bring an end to insurance telemarketing?

We all know the drill. You sit down to a nice dinner, wine in hand, ready to relax and then the phone rings. But who might be on the other end? Somebody trying to flog life insurance, of course. It's a moment we all loathe, but if ASIC gets its way that moment may end up becoming a thing of the past. The corporate watchdog is ...

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Lendlease signs historic $20 billion development deal with Google

Lendlease signs historic $20 billion development deal with Google

Sydney-based property giant Lendlease (ASX: LLC) has teamed up with Google to undertake the biggest construction deal in its 61-year history. Through its United States division, Lendlease has entered a maximum 15-year agreement with Google to jointly tackle the master planning, entitlement and development of three major hubs in the San Fr...

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Wyndham to build new boutique hotel in Adelaide

Wyndham to build new boutique hotel in Adelaide

Wyndham Hotels & Resorts has selected Adelaide as the location for a new TRYP by Wyndham hotel. The TRYP brand of Wyndham hotels sees the accommodation giant exploring the local vibe of a city and reflecting it in the design and fit out of each specific hotel. These branded hotels can be found in Barcelona, Madrid, New York City, ...

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Everyone's a winner baby: domestic Australian tourism alive and kicking

Everyone's a winner baby: domestic Australian tourism alive and kicking

Every state has something to smile about as the results from Tourism Research Australia's (TRA) annual domestic visitor data rolls in. In the year ending March 2019 domestic tourists spent $74.5 billion, up 14 per cent from the same time a year ago. Domestic tourists took 109 million trips and spent 386 million nights interstate, ...

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Aged care provider Estia Health taken to Federal Court in class action

Aged care provider Estia Health taken to Federal Court in class action

Aged care community operator Estia Health (ASX: EHE) has been served with a class action in the Federal Court of Australia. Law firm Phi Finney McDonald is acting on behalf of aggrieved shareholders, arguing Estia breached its continuous market disclosure obligations regarding the financial impact of its Kennedy Health Care (KHC) buyout. ...

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XTEK to buy American ballistic armour company

XTEK to buy American ballistic armour company

Leading Australian defence and homeland security company XTEK (ASX: XTE) has entered a deal to acquire US body armour and personal protective equipment company HighCom Armor Solutions. The move follows the successful completion of an oversubscribed $2.7 million placement for Canberra-headquartered XTEK, which has been exploring ways to de...

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GDI to buy Perth CBD property for $12.6M

GDI to buy Perth CBD property for $12.6M

GDI Property Group (ASX: GDI) is optimistic about the improving Perth office market and has exchanged a conditional contract at 180 Hay Street in the city's CBD for $12.59 million. Built in 1999, the property has 4,925sqm of well-presented office space over four floors and a mezzanine level. The company expects that on s...

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Sunsuper to support local businesses with up to $15,000 in grants

Sunsuper to support local businesses with up to $15,000 in grants

Sunsuper's Dreams for a Better World program is giving Australian small businesses the chance to win up to $15,000 to help make a positive impact in their community. Sunsuper is looking for businesses with up to 200 employees to apply for a business grant before Friday, 2 August 2019. Sunsuper CEO, Scott Hartley says the small bus...

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Australian venture capital smashes records in FY19

Australian venture capital smashes records in FY19

Australia's venture capital investments would have passed the $2 billion mark had Judo Bank's $400 million plus raising crossed the line on time. A recent report from KPMG shows venture capital investment in Australian startups is alive and well with US$1.23 billion (AUD$1.75 billion) raised in FY19. Amanda Price, KPMG Austral...

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