Sky falls in for PharmaCielo's takeover of Creso Pharma

Sky falls in for PharmaCielo's takeover of Creso Pharma

A proposed acquisition of one of Australia's leading listed cannabis companies will not go ahead after its board heeded independent advice from BDO that the deal was "neither fair nor reasonable". Red flags were raised on Friday when Creso Pharma (ASX: CPH) announced it had intended to release an announcement about sche...

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Bubs signs deal with the largest baby retailer in Vietnam

Bubs signs deal with the largest baby retailer in Vietnam

Infant formula business Bubs (ASX: BUB) has secured placement in Vietnam's largest baby goods chain store Bibo Mart. The deal will see Bubs' products distributed to over 135 stores, predominantly located in major metropolitan areas. Placement in Bibo Mart will allow Bubs to enter the $2.2 billion Vietnamese infant nutritional ...

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Evans Dixon confirms Dixon Projects closure, 100 job cuts

Evans Dixon confirms Dixon Projects closure, 100 job cuts

Evans Dixon's (ASX: ED1) new CEO has confirmed the struggling company has shed 100 of its staff since April and officially closed its Dixon Projects business in Australia. Poor results from its US Masters Residential Property Fund (ASX: URF), pressures from the Royal Commission and weaker financial performance have led to ED...

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EML Payments to shell out $423m for European fintech

EML Payments to shell out $423m for European fintech

While EML Payments has been on an aggressive acquisition path for the past 18 months, its latest announcement makes previous transactions look like small change. The fast-rising Brisbane outfit has entered into a binding agreement to acquire London-headquartered Prepaid Financial Services (Ireland) Limited (PFS) for an upfront value ...

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Moelis Australia to make SA's largest ever retail transaction

Moelis Australia to make SA's largest ever retail transaction

In what will be South Australia's largest ever retail transaction Moelis Australia has entered into an agreement to acquire 50 per cent of Westfield Marion. The agreement will see Moelis, fully capitalised by Singapore exchange listed SPH REIT, acquire a 50 per cent interest in the Marion Shopping Centre for $670 million from Lendleas...

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How KX Pilates keeps its X factor

How KX Pilates keeps its X factor

In less than a decade KX Pilates has muscled up to become the largest pilates franchise in Australia with more than 60 locations in all major cities. Gone are the days of pilates being synonymous with stretching, at least when you compare KX Pilates to the traditional method. Picture this. It's 2010. Hot yoga is starting to become...

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VetShop Australia celebrates 140 dog years in business

VetShop Australia celebrates 140 dog years in business

It has now been almost 20 years since Sunshine Coast brothers Mark and Steven Perissinotto barked up the right tree and founded Australia's first online pet supplies business.  When VetShop Australia was established in 1999, eBay had only just launched in the country and Amazon was only five years old with US$2 billion ...

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REA Group sees spike in property enquiries and auction clearance rates

REA Group sees spike in property enquiries and auction clearance rates

REA Group (ASX:REA) has reported encouraging signs for property enquiries and auction clearance rates, even though they weren't fully reflected in financial results for the first quarter. The company reported a nine per cent year-on-year drop in revenue to $202.3 million and a 14 per cent decline in EBITDA to $114.9 million. Natio...

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Canadian giant to shake up ASX cannabis space

Canadian giant to shake up ASX cannabis space

The North American influx of medicinal cannabis companies into Australia continues with a Canadian giant listing on the ASX through a joint venture with a local company. Following a $20 million IPO, medicinal cannabis group Cronos Australia (ASX: CAU) has debuted on the ASX. The company is the Australian arm of Cronos Group, a Toronto...

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LandMark White looks to the future

LandMark White looks to the future

Listed property valuer LandMark White (ASX: LMW) was no stranger to the headlines during 2019. The company was thrust into the limelight following two cybercrime incidents, the result of which slashed company earnings and saw its business suspended by major bank clients. But at yesterday's AGM the chairman and CEO sought to p...

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NAB holds back exec bonuses in line with Big Four

NAB holds back exec bonuses in line with Big Four

Big Four bank NAB (ASX: NAB) is following in the footsteps of its peers by withholding executive bonuses. As part of the bank's FY19 report the board has determined that the executive leadership team will receive no short-term variable reward and no fixed remuneration increase for FY19. "While underlying business performance ...

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'An important milestone for the country': Cann Group to kick-start sales as first imports arrive

'An important milestone for the country': Cann Group to kick-start sales as first imports arrive

One of Australia's leading medicinal cannabis companies has all its ducks lined up in a row. Melbourne-based Cann Group (ASX: CAN) has today announced the signing of a nationwide distribution deal with healthcare services and products supplier Symbion, as well as the first arrival of a high THC oil formulation shipment from ...

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ECS Botanics shares skyrocket on Woolworths hemp oil deal

ECS Botanics shares skyrocket on Woolworths hemp oil deal

Shares in hemp food company ECS Botanics (ASX: ECS) have spiked following the announcement of a major deal with supermarket Woolworths (ASX: WOW). The deal will see ECS Botanics' 250ml Hemp Oil product distributed into 850 Woolworths stores. The reaction from the market has been swift, with shares in the hemp food company up 46.34...

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Kvitova and Kerber to join Barty in Brisbane International

Kvitova and Kerber to join Barty in Brisbane International

Two of the biggest names in women's tennis have confirmed they will join a world-class line-up including hometown favourite Ash Barty for the WTA Premier Brisbane International 2020. The inclusion of world number 6 Petra Kvitova from the Czech Republic and world number 17 Angelique Kerber (pictured) of Germany will help make...

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Aveo shareholders give the nod to $1.3 billion takeover

Aveo shareholders give the nod to $1.3 billion takeover

Aged care provider Aveo Group (ASX: AOG) is on track to leaving the ASX after almost 92 per cent of shareholders voted in favour of a takeover scheme from Canadian private equity behemoth Brookfield. Scrip election votes representing more than 17 per cent of shares were already in favour of the $1.3 billion deal before yesterday'...

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Zip now available on Amazon Australia as part of $69 million deal

Zip now available on Amazon Australia as part of $69 million deal

Australian millennials are ditching their credit cards in droves, and naturally retailers are gradually cottoning onto the future of commerce: buy-now pay-later (BNPL). Amazon Australia has tapped one such BNPL service provider for its first foray into the payment option. Zip (ASX: Z1P) has entered into an agreement with the ecommerce...

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Success in simplicity: the fast rise of Ampersand Projects

Success in simplicity: the fast rise of Ampersand Projects

From the simplistic design of the iPhone to the decluttering techniques of Marie Kondo, minimalism is the defining trend of the 2010s. It is certainly the approach taken by the founders of Ampersand Projects, a Sydney-based beverage business that has found success by following the mantra 'less is more'. Co-founded in 2018 by t...

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St Kilda Road office tower sold for $18 million

St Kilda Road office tower sold for $18 million

A partially refurbished and mostly vacant office tower in Melbourne's St Kilda Road precinct has sold for close to $18 million. The property, at 1 Bowen Crescent, was originally built by trucking magnate Lindsay Fox as offices for his Linfox company. The seven-level building last changed hands in 2017 when it was sold on behalf of...

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Bubs goats for gold with fresh Alibaba deal

Bubs goats for gold with fresh Alibaba deal

Infant dairy formula company Bubs (ASX: BUB) is about to broaden its horizons to a wider demographic in China, with plans to target adults as potential consumers with a new range of goat dairy products.  The company has today announced a strategic agreement with Alibaba Centralised Import Procurement (CIP) in China to ...

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Bevan Slattery's SUB.CO to connect Oman and Perth with subsea cable

Bevan Slattery's SUB.CO to connect Oman and Perth with subsea cable

Subsea fibre cable infrastructure group SUB.CO is set to build the Oman Australia Cable (OAC), a new system directly connecting Muscat, Oman with Perth which will ultimately give Australia closer links and a lower latency route to Europe.  The company founded by Bevan Slattery is the only group currently building a cable of this...

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OPEC Systems, the Aussie company with the tech to tackle PFAS contamination

OPEC Systems, the Aussie company with the tech to tackle PFAS contamination

As Shine Lawyers (ASX: SHJ) launched one of the country's largest class actions last week over the impact of toxic firefighting foam PFAS (polyfluoroalkyl) on 40,000 Australians, a company from northern NSW was receiving accolades for its efforts to fight the problem. Lennox Heads-based OPEC Systems won the top prize at...

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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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