National Vet Care fetches NSW acquisition as NZ deal falls through

National Vet Care fetches NSW acquisition as NZ deal falls through

It's a case of 'when one door closes, another opens' for National Veterinary Care (ASX: NVL), which has just acquired a new clinic in New South Wales. The announcement coincides with news that one of two New Zealand clinic acquisitions slated in April fell through for NVL due to a condition around leasing not being met. Th...

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Elixinol restructures board ahead of international push

Elixinol restructures board ahead of international push

There's been a reshuffle at the top of Australia's largest cannabis company. Elixinol Global (ASX: EXL) has announced changes to both its executive team and board ahead of a crucial period of expansion. Stratos Karousos has taken the reigns as CEO, replacing co-founder Paul Benhaim (pictured) who will transition to the role of...

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The Gold Coast Airport redevelopment leaves the ground

The Gold Coast Airport redevelopment leaves the ground

A $500 million redevelopment project of the Gold Coast Airport is taking off this week. The project will double the footprint of the existing terminal, delivering aerobridges, additional retail space, a new departure lounge, baggage handling and border control facilities. The new terminal is expected to be open for businesses mid-2021...

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Challenger bank Archa avoids dirty word for Gens Y & Z

Challenger bank Archa avoids dirty word for Gens Y & Z

The founder of Australian challenger bank Archa has his sights set on launching the company's first products to customers next quarter, but the plan is to "avoid the word bank wherever possible". Speaking on a blockchain, AI and robotics panel at Gold Coast Business Week, Archa founder and CEO Oliver Kidd discussed a busines...

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Elders to acquire 340-store rural chain for $157 million

Elders to acquire 340-store rural chain for $157 million

In a move to grow its independent retail presence, agribusiness giant Elders (ASX: ELD) has entered an agreement to buy Australian Independent Rural Retailers (AIRR). Elders will buy AIRR for a cash-scrip consideration of $10.85 per share, valuing the rural merchandise, pet and produce chain at $157 million on an equity basis. AIRR...

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Myriota the first locals to sign with the Australian Space Agency

Myriota the first locals to sign with the Australian Space Agency

Space and technology startup Myriota is the first Australian company to sign with the Australian Space Agency (ASA) as a strategic partner. The Adelaide-based company, residing in the new Lot Fourteen startup precinct, is the first Australian startup to partner with ASA, joining international giants like Boeing who signed an agreement wit...

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AMP Life sale shot down by NZ Reserve Bank

AMP Life sale shot down by NZ Reserve Bank

It was expected to be a potential $3.3 billion cash injection, but now AMP's wealth protection and mature businesses portfolio is looking more like a dead weight. The financial services provider announced the intended sale of AMP Life to New Zealand-based Resolution Life is "highly unlikely to proceed" as planned, due to cha...

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Hold your horses: recovery for Australia's residential property market a while off

Hold your horses: recovery for Australia's residential property market a while off

It might seem like Australia's residential market downturn is never ending. And while we appear to be nearing the bottom of the market, experts don't want you to get your hopes up. According to BIS Oxford Economics meaningful recovery for Australia's residential property market remains a while off. While there are signs of...

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Noni B continues to defy retail gloom

Noni B continues to defy retail gloom

As its competitors bemoan the state of Australian retail Noni B has once again bucked the trend in its latest trading update. The group expects to announce underlying earnings of $45 million for FY19, in line with its previously announced guidance and up 21 per cent on FY18. Noni B is the parent company of major Australian retail bran...

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A Perfect Stay goes boutique in Melbourne

A Perfect Stay goes boutique in Melbourne

Since 2004 husband and wife founders of A Perfect Stay, Sonya and Garth Brien, have operated in Byron Bay and South East Queensland. But their ambitions are bold and the team have looked south for expansion. The duo have acquired Melbourne-based Boutique Stays, adding 65 properties to A Perfect Stay's existing network, bringing its to...

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Charter Hall buys Telstra HQ for $830 million

Charter Hall buys Telstra HQ for $830 million

The global headquarters of telco Telstra (ASX: TLS) in Melbourne has been sold for $830 million to property group Charter Hall (ASX: CHC). The building was purchased off market by a partnership involving Charter Hall, the Charter Hall Prime Office Fund (CPOF) and the Public Sector Investment Board. Telstra's global HQ stands at 24...

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Whispir teams up with Amazon Web Services

Whispir teams up with Amazon Web Services

ASX newcomer Whispir (ASX:WSP) has boosted its cloud communications toolkit thanks to a partnership with Amazon Web Services (AWS). The tie-up is expected to help customers of both companies respond more effectively to crises, email responses, website clicks and form submissions without the need to write code. The Melbourne-founded so...

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Treat your top clients to Christmas in July-style luxury

Treat your top clients to Christmas in July-style luxury

Christmas is a twice-yearly event at The Hamper Emporium and your valued clients and staff can rejoice in the specialty gift-giving gourmet pleasures to treasure. Show your business associates and dedicated employees that they are worth their weight in gold when you indulge them in the winter-warming abundance of luxurious Christmas in Ju...

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Retail Food Group brushes ASX concerns under the rug

Retail Food Group brushes ASX concerns under the rug

The franchise operator of Brumby's Bakery, Michel's Patisserie, and Gloria Jeans, Retail Food Group (ASX: RFG), has responded to the concerns of the ASX regarding a sudden and unexpected lift in shares last week. RFG said last week that the sudden lift in shares can be attributed to media speculation about its turnaround strategy....

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ASIC slams banks for "extremely poor" consumer credit insurance

ASIC slams banks for "extremely poor" consumer credit insurance

Australia's major banks have come under fire from the Australian Securities and Investment Commission (ASIC) for the sale of consumer credit insurance (CCI) that has "consistently failed consumers". In its latest report on CCI, Report #622, ASIC says that CCI products sold by 11 of Australia's major banks are of poor val...

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Michael Hill announces bumper backpay for employees

Michael Hill announces bumper backpay for employees

Jewellery retailer Michael Hill (ASX: MHJ) has announced that it owes employees between $10 million and $25 million in remediation payments. The group discovered this remuneration discrepancy when conducting a review into its Australian retail employment contracts and rostering practices. The company says it was non-compliant with som...

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Affinity's stake in Virgin's Velocity up for sale

Affinity's stake in Virgin's Velocity up for sale

A key stakeholder in Virgin Australia's (ASX: VAH) Velocity Frequent Flyer program (Velocity) is looking at options to exit. Virgin Australia has announced that Affinity Equity Partners (Affinity) is exploring an exit from its approximately 35 per cent holding in Velocity and has requested that various exit options for the sale of its...

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Data#3 expects a bumper full year profit

Data#3 expects a bumper full year profit

Listed IT services company Data#3 (ASX: DTL) is looking at a healthy FY19 result thanks to a strong Australian technology market. The company has posted a trading update this morning where it anticipates a record full year result to come through when its final FY19 results are released. Subject to finalisation of the Discovery Technol...

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Tritium puts electric vehicle charging expansion into gear with $200m pipeline

Tritium puts electric vehicle charging expansion into gear with $200m pipeline

Australia may not be one of the 14 countries that plan to ban sales of gasoline-fuelled cars by 2040, but it is home to one company in the driver's seat of the electric vehicle (EV) revolution. Tritium has the potential to become a Brisbane and national icon following the opening of its EV R&D centre in May, while its offices in A...

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Nimble pulls out of payday lending while ASIC clamps down

Nimble pulls out of payday lending while ASIC clamps down

Fintech Nimble will exit its high interest, short-term loans business this year at a time when the sector is under heightened scrutiny from the corporate watchdog. The Australian Securities and Investments Commission (ASIC) released a consultation paper yesterday revealing plans to use new product intervention powers in the short-ter...

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Dodo slammed with fine for false streaming claim

Dodo slammed with fine for false streaming claim

Internet service provider (ISP) Dodo has been hit with a $360,000 fine for overstating what its NBN service could achieve. The company, wholly owned by Vocus Group (ASX: VOC), has agreed to refund around 16,000 customers for claims that its entry-level NBN broadband plans were 'perfect for streaming'. The plans in question wer...

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Will RFG be rescued by $160m capital injection?

Will RFG be rescued by $160m capital injection?

The company responsible for franchises such as Michel's Patisserie, Gloria Jeans and Donut King may receive a tailwind to push it out of the doldrums, thanks to a Sydney-based investor backed by capital from Hong Kong's SSG Capital Management. Retail Food Group (RFG) announced yesterday it had received a non-binding proposal from ...

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Class action takes aim at NAB super fund

Class action takes aim at NAB super fund

Litigation funder IMF Betham is working with William Roberts Lawyers to bring a class action against NULIS Nominees, an MLC Super Fund trustee company owned by NAB (ASX: NAB). The class action alleges the MLC Super Fund charged excess fees to its members from 1 July 2016 onwards. It also argues the company breached obligations to act ...

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How an Australian fashion startup became a viral sensation

How an Australian fashion startup became a viral sensation

Success sometimes comes from the strangest places. In fashion,most of the time it isn't what's being worn but who wears it. And when a brilliant garment and a fiery personality collide, that's when sparks fly for fashion startups. No one knows this better than the two founders of Bianca and Bridgett - Bianca and Bridgett R...

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THC Global receives licence for Southern Hemisphere's largest cannabis bio-extraction facility

THC Global receives licence for Southern Hemisphere's largest cannabis bio-extraction facility

THC Global (ASX: THC) is poised for significant growth following the receipt of a licence allowing it to produce medicinal cannabis on an unprecedented scale. The listed medicinal cannabis company has received a manufacture licence for cannabis at its manufacturing facility at Southport on the Gold Coast, the largest bio-pharma extraction...

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Thorney takes a slice of Catalano's Australian Community Media

Thorney takes a slice of Catalano's Australian Community Media

Alex Waislitz (pictured) has grabbed a slice of Antony Catalano's regional media group via his listed company Thorney Opportunities (ASX: TOP). Thorney partnered with the former Domain boss on the $115 million acquisition of the Australian Community Media (ACM) group from Nine Entertainment (ASX: NEC). TOP has taken a 25 per cent ...

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Business bank Tyro considering ASX listing

Business bank Tyro considering ASX listing

Payments and banking company Tyro told investors this morning that it is considering an ASX listing in a brief statement posted online. The company says that the listing is not a done deal, and a number of conditions must be met first. "Tyro Payments Limited today announced it is investigating the potential to move from its curre...

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Villa World enters deal for takeover from AVID

Villa World enters deal for takeover from AVID

Property company Villa World (ASX: VLW) is now one step closer to handing over the keys to new owners, after suitor AVID Property Group completed due diligence for its proposed $293.5 million takeover of the Gold Coast group. Villa World's board slated its intention in May to unanimously recommend the proposal to shareholders, and now...

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Pokies giants Ainsworth and Aristocrat to duke it out in the Federal Court

Pokies giants Ainsworth and Aristocrat to duke it out in the Federal Court

Last Thursday one of Australia's major players in the world of pokies filed a claim in the Federal Court against its biggest rival. After months of preparation, Aristocrat Technologies Australia (ASX: ALL) has taken Ainsworth Game Technologies (ASX: AGI) to the Federal Court, alleging breach of copyright. The case revolves around ...

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McGrath Nicol executive chairman to lead Evans Dixon

McGrath Nicol executive chairman to lead Evans Dixon

Restructuring expert Peter Anderson will fill the void left at Evans Dixon (ASX: ED1) after its former CEO moved aside last month in a bid to rescue the financial advisory firm's struggling US business. Alan Dixon stepped down from the role to focus on the company's US Masters Residential Property Fund (ASX: URF), which saw i...

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