AHG recommends AP Eagers' improved new offer

AHG recommends AP Eagers' improved new offer

The board of Automotive Holdings Group (ASX: AHG) has welcomed an improved takeover offer from AP Eagers (ASX: APE). Two weeks ago, AHG recommended shareholders take no action regarding AP Eagers' offer of one AP Eagers share for every 3.8 AHG shares held. Now, the offer has been increased to one AP Eagers share for every 3.6 AHG ...

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Carly vehicle subscription service launches in Melbourne

Carly vehicle subscription service launches in Melbourne

Following its successful launch in Sydney at the end of March as Australia's answer to Netflix for cars, Carly has launched in Melbourne. Carly is described as an alternative to buying or leasing a car, and instead has its users pay a monthly subscription fee to access a huge fleet of vehicles. From today, Melbourne's Carly su...

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InStyle Solar goes national with Costco partnership

InStyle Solar goes national with Costco partnership

One of Queensland's largest solar retailers and installers is about to broaden its horizons following an Australian-first solar deal. Big-box US retailer Costco has signed a deal with InStyle Solar that will see InStyle's products available to purchase via a kiosk in-store. While the initial plan is to have the kiosks installe...

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MGC Pharma sends first medical cannabis solution to the UK

MGC Pharma sends first medical cannabis solution to the UK

MGC Pharma (ASX: MXC) is one step closer to making its mark on the recently legalised medicinal cannabis market in Great Britain, with the announcement today the first shipment of its CannEpil solution has landed in the UK. The milestone follows an exclusive distribution agreement reached with Grow Biotech and IPS Specials, leaders in the...

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Your Money channel to shut down

Your Money channel to shut down

News channel Your Money will cease broadcasting in 10 days' time after joint venture partners found its revenue model was more difficult than envisioned and failed to meet expectations. The decision comes after just seven months of air time for the joint venture between Nine Entertainment (ASX: NEC) and News Corp (ASX: NWS) subsi...

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Retail Food Group backflips on use-by date extensions

Retail Food Group backflips on use-by date extensions

Following an exposé by The Sydney Morning Herald the parent company behind Michel's Patisserie has backflipped on its internal decision to extend use-by dates on food products. As reported by The SMH Retail Food Group (ASX: RFG) instructed Michel's franchisees to ignore expiry dates on packaging and adopt new shelf-life dat...

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Financial impact of LandMark White cyber attack revealed

Financial impact of LandMark White cyber attack revealed

The data beach of listed property valuation group LandMark White has hurt the company's revenue by up to $7 million. The company has revealed today the full extent of the breach on the group's bottom line, plus the significant cost of making sure this type of cyber-attack does not happen again. The company says the breach, whi...

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Westpac first half profit down $1 billion

Westpac first half profit down $1 billion

Westpac (ASX: WBC) has seen its profits dive in 1H19 thanks to major remediation and restructuring items. At the end of the half the group recorded a net profit of $3.2 billion, down 24 per cent on 1H18, with earnings down 22 per cent to $3.3 billion. The group says profits were hit by provisions for estimated customer refunds, repaym...

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Bubs to launch Australia's first grass-fed infant milk formula

Bubs to launch Australia's first grass-fed infant milk formula

Infant formula producer Bubs Australia (ASX: BUB) has announced its latest product offering, and it's a national first. The company will produce Australia's first certified organic grass-fed infant formula in conjunction with Fonterra Australia. Fonterra will supply Bubs with organic milk powder, sourced from New Zealand, and ...

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Taxi drivers take on Uber in large scale class action

Taxi drivers take on Uber in large scale class action

It might be the biggest class action Australia has ever seen as Maurice Blackburn gears up to take on ride-sharing giant Uber. The law firm is acting on behalf of thousands of taxi, hire car, charger vehicle, and limousine drivers across the country to "hold Uber accountable for destroying their livelihoods". The case has be...

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QIC launches $494 million takeover of Superloop

QIC launches $494 million takeover of Superloop

Internet infrastructure company Superloop (ASX:SLC) has received a takeover offer from a Queensland private capital group for $494 million. The proposed deal would see QIC Private Capital, on behalf of its global infrastructure managed and advised funds and clients, acquire the Bevan Slattery (pictured) founded company for $1.95 per share...

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How to protect your business from the threat of e-fraud

How to protect your business from the threat of e-fraud

Cash flow is the life blood of any business, but managing it can be difficult. According to Westpac and Deloitte, small businesses in Australia are spending up to one working day every week chasing invoices that's a lot of time. During that tunnel-vision slog, where business owners become buried headfirst in processes and manageme...

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Keybridge ditches takeover of underperforming Yowie

Keybridge ditches takeover of underperforming Yowie

Keybridge (ASX:KBC) has decided to not proceed with its proposed takeover of confectionary company Yowie (ASX:YOW). The company says that after considering Yowie's quarterly cashflow report, which Keybridge described as "disappointing", it will not pursue the takeover. Yowie reported a significant operating loss, a nearl...

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Villa World board greenlights takeover by AVID

Villa World board greenlights takeover by AVID

The board of Gold Coast property mainstay Villa World (ASX: VLW) has recommended a revised takeover proposal by AVID Property Group, which now values the company at around $293.5 million. In March, Villa World first received the unsolicited takeover offer which valued the company at $280 million. After consideration on the revised pro...

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Jordan Grives' Fone Dynamics scooped up by Uniti Wireless

Jordan Grives' Fone Dynamics scooped up by Uniti Wireless

Emerging telco player Uniti Wireless (ASX: UWL) has picked up Brisbane-based tech startup Fone Dynamics. Founded by serial entrepreneur and Young Entrepreneur of the Year (2016) Jordan Grives, Fone Dynamics is a specialist communications platform-as-a-service ('CPaaS') company. The group focuses on modern inbound voice and bus...

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Acquisitions give Darrell Lea owners chunk of $1B healthy snack market

Acquisitions give Darrell Lea owners chunk of $1B healthy snack market

The owners of iconic Australian confectionery company Darrell Lea are capitalising on trends towards more frequent and healthier snacking, through the acquisition of eight brands in the growing market segment. RiteBite Group, an entity recently formed by Darrell Lea's Sydney-headquartered owner Quadrant Private Equity, last month purc...

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Art Series to open its ninth hotel in Perth

Art Series to open its ninth hotel in Perth

The new hotel will be the first time the brand has had a presence in WA. Art Series' foray into WA comes in the form of a $90 million hotel developed by George Atzemis at 900 Hay Street, Perth. The 27 storey hotel is dedicated to Australia's contemporary artists, with the fundamental design concept of the 250-room hotel drawin...

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Baz Luhrmann's new Elvis biopic to be filmed on the Gold Coast

Baz Luhrmann's new Elvis biopic to be filmed on the Gold Coast

The King himself is getting the Baz Luhrmann biopic treatment, and the Gold Coast has been selected as the base of operations for the Australian director's latest blockbuster. The director behind iconic Australian films The Great Gatsby, Strictly Ballroom, and Moulin Rouge!, is taking on the life and music of Elvis Presley. The fi...

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Australian businesses lose $7.2 million from email scams in 2018

Australian businesses lose $7.2 million from email scams in 2018

Email scams hit Australian businesses more than 5800 times in 2018, with losses exceeding $7.2 million according to the Australian Competition and Consumer Commission ('ACCC'). The ACCC's Targeting Scams report details how sophisticated email scams hit Australian businesses at a 53 per cent increase compared to 2017. This ...

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Hyatt returns to Queensland with new Brisbane hotel

Hyatt returns to Queensland with new Brisbane hotel

For the first time in the company's history Hyatt will break ground in Queensland's capital. The international hotel chain has announced plans for a hotel in South City Square, which is set to open in 2023. Hyatt Place Brisbane Square is expected to feature 170 rooms, a rooftop pool and bar, a 24-hour grab-and-go food market, ...

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Tritium launches electric vehicle R&D centre in Brisbane

Tritium launches electric vehicle R&D centre in Brisbane

There's no denying it. Car manufacturers around the world are gearing up for an electric vehicles (EV) future, and without an automotive industry of our own, Australia will need to take heed sooner or later.  Queensland based Tritium knows this for a fact, and the company is growing at a remarkable rate< so fast that it's ...

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Melbourne tech startup A Cloud Guru raises $46M

Melbourne tech startup A Cloud Guru raises $46M

A fast-growing enterprise technology company specialising in online cloud computer training has completed one of the biggest funding rounds in Australia to date in 2019, with backing from domestic and US investors. A Cloud Guru (ACG) has successfully closed a growth equity investment of USD$33 million (AUD$46.8 million), led by US-ba...

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Antony Catalano acquires Nine's regional media and printing business

Antony Catalano acquires Nine's regional media and printing business

Antony Catalano, the former CEO of Domain, has acquired Nine's (ASX: NEC) Australian Community Media ('ACM') and printing business for $115 million. The cash proceeds of the sale are expected to be around $115 million, subject to post completion adjustments of which $10 million will be paid in 12 months. Nine expects to use th...

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Slater & Gordon files class action against Vocus

Slater & Gordon files class action against Vocus

Disgruntled shareholders in Vocus Group (ASX: VOC) are taking legal action against the Australian telecommunications company over its FY17 earnings falling well short of guidance by around $64 million. Vocus today announced it had been served with a class action proceeding filed by Slater & Gordon (ASX: SGH) i...

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Former Megaport exec to lead Cloudscene

Former Megaport exec to lead Cloudscene

A telecommunications industry marketplace and cloud directory founded by Bevan Slattery in 2016 has gone on to become the largest of its kind globally, and is about to embark on a new phase of growth. Cloudscene, a comprehensive directory of data centres and cloud service providers, was created by the entrepreneur responsible for such suc...

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Zip Co revenue soars as new partners come on-line

Zip Co revenue soars as new partners come on-line

Shares in BNPL (buy now pay later) company Zip Co (ASX: Z1P) have surged higher today after the Sydney-based group reported a 20 per cent lift in revenue for the third quarter. Sentiment is also strong for the market darling with new partners like Chemist Warehouse, General Pants and Lorna Jane joining the platform, and the official ...

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Australia the world's fastest-growing medicinal cannabis market

Australia the world's fastest-growing medicinal cannabis market

A leading supplier of medicinal cannabis increased its Australian patient numbers by 27 per cent over a three-week period in April, representing 10 new patients every business day. In an interview with Business News Australia earlier this month, Althea Group (ASX: AGH) managing director and founder Josh Fegan said patient numbers were &qu...

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Record results for Freelancer as global expansion continues

Record results for Freelancer as global expansion continues

The world's largest freelancing and crowdsourcing marketplace Freelancer (ASX: FLN) achieved a record gross payment volume of $204.3 million in the first quarter, representing year-on-year growth of 25.6 per cent. In an announcement today, the company highlighted cash receipts also hit a record of $14 million after rising 15.8 per cen...

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The Star's fourth Gold Coast hotel to be fast-tracked

The Star's fourth Gold Coast hotel to be fast-tracked

As far as ambitious companies go not many can keep up with The Star Entertainment Group. The company has just announced that it will fast-track the development of a fourth hotel in the multi-billion-dollar transformation of The Star Gold Coast in Broadbeach. The fourth hotel will be 215 metres tall, boast a five-star rating, and is ex...

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McGrath veteran makes his return to the real estate giant

McGrath veteran makes his return to the real estate giant

McGrath (ASX: MEA) has acquired the business of an ex-veteran of McGrath for $2 million, representing the return of John McManus (pictured) back into his old company. McGrath has acquired McManus' real estate business, currently trading as LJ Hooker Willoughby/Artarmon, as part of the giant's expansion in the lower north shore of S...

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