Noxopharm starts trial in COVID-19 treatment race

Noxopharm starts trial in COVID-19 treatment race

Burgeoning medtech company Noxopharm (ASX: NOX) is making strides in the effort race to find a treatment for COVID-19. The Sydney-based clinical-stage drug development company has filled the first two cohorts for its trial of Veyonda, an experimental anti-cancer drug. Noxopharm is hoping Veyonda's anti-inflammatory properties could be ...

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Coca-Cola Amatil directors support $9.3 billion European takeover offer

Coca-Cola Amatil directors support $9.3 billion European takeover offer

The directors of Coca-Cola Amatil (ASX: CCL) have today backed a proposed $9.3 billion takeover offer from Coca-Cola's European operator. The proposal of $12.75 per Amatil share to acquire 100 per cent of the company represents a premium of 23 per cent for shareholders, and an enterprise value of $10.9 billion. While Coca-Cola European...

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Adore Beauty in the eye of the shareholder, IPO beats expectations

Adore Beauty in the eye of the shareholder, IPO beats expectations

Following what Wilson Asset Management dubbed as "one of the year's hottest IPOs", Adore Beauty (ASX: ABY) has today landed on the ASX, witnessing a modest rise in its share price. The company, which sells beauty and skincare products online, saw its shares up 10 per cent to their highest point today of $7.42. Eventually the ...

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Border opening delays stymie Qantas earnings by $100m

Border opening delays stymie Qantas earnings by $100m

Qantas Airways (ASX: QAN) CEO Alan Joyce claims ongoing state border closures have delayed the airline's recovery, cutting $100 million from earnings in the September quarter with expected impacts for the months ahead. Joyce told the company's annual general meeting (AGM) today capacity was currently below 30 per cent, but if Queensl...

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Respirator manufacturer CleanSpace passes $500m mark on ASX listing

Respirator manufacturer CleanSpace passes $500m mark on ASX listing

Backed by a board boasting former senior figures from ResMed (ASX: RMD) and Nanosonics (ASX: NAN), CleanSpace Holdings (ASX: CSX) has made an impact with its ASX listing today. CleanSpace has exceeded its own expectations, with shares rising 47 per cent, past the $6.50 mark this morning, giving the company a market capitalisation of around $...

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NAB tightens the screws on Smiles Inclusive

NAB tightens the screws on Smiles Inclusive

Smiles Inclusive (ASX: SIL) has been given a slight reprieve on a $12 million debt repayment that was due on 11 September, but all transaction accounts with lender National Australia Bank (ASX: NAB) will need to be closed ahead of new deadlines in November. By 4 November the dental group will have to pay back the $12 million plus amounts owi...

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Crown chair Helen Coonan apologises "unreservedly" for company failures

Crown chair Helen Coonan apologises "unreservedly" for company failures

The chairman of Crown Resorts (ASX: CWN) has "unreservedly" apologised for the company's failures during an address to shareholders today, one day after admitting that the company 'facilitated' money laundering. Speaking at the company's AGM today, Crown chairman Helen Coonan (pictured) began by addressing matters r...

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MyDeal.com.au is kind of a big deal, enters ASX with a bang

MyDeal.com.au is kind of a big deal, enters ASX with a bang

If there is any sector that symbolises bullish opportunities for a post-pandemic world, it is e-commerce. Kogan (ASX: KGN) shares have tripled since the start of the year, Temple & Webster (ASX: TPW) shares have quintupled, and traditional retailers that have successfully pivoted online are reaping the rewards. Even the incumbent globa...

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Fintech Frollo teams up with BOQ to power Virgin Money's new digital bank

Fintech Frollo teams up with BOQ to power Virgin Money's new digital bank

A new digital bank due for launch later this year at Virgin Money will be aided by the purpose-driven financial wellbeing technology of Sydney-based digital finance platform Frollo. Frollo will be providing the service through a partnership with the Bank of Queensland (ASX: BOQ), which purchased Virgin Money Australia (VMA) for $40 mill...

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Dubber Corp scores coup with Microsoft Teams deal

Dubber Corp scores coup with Microsoft Teams deal

While Zoom has become an icon of online communications in the COVID-19 era, research published by Aternity in June found its user growth had been surpassed by the video conferencing offering of an incumbent tech competitor - Microsoft. Microsoft Teams has played an integral role in the global work from home (WFH) phenomenon, and now the plat...

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Sunland spikes 44 per cent on plans to axe debt and give back to shareholders

Sunland spikes 44 per cent on plans to axe debt and give back to shareholders

Property developer Sunland Group (ASX: SDG) has put several of its new developments in Queensland on a tentative backburner, as the company prioritises paying off debts and improving value for shareholders. The news sent the share price for Sunland, which is led by CEO Sahba Abedian (pictured), up by more than 44 per cent at the time of writ...

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v2food to take plant-based meat global with $77m Series B

v2food to take plant-based meat global with $77m Series B

Plant-based meat manufacturer v2food hopes to take its product to the world following the closing of a $77 million Series B funding round. The Series B brings v2food's total funds raised to $113 million, enabling it to complete its production facility in Wodonga in Victoria, grow its team and continue to launch products into new markets,...

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ASIC bars Smiles Inclusive from capital raises, board overhaul attempt delayed

ASIC bars Smiles Inclusive from capital raises, board overhaul attempt delayed

After drawing the ire of a group of rogue shareholder dentists who believe their attempt to overhaul the board of Smiles Inclusive (ASX: SIL) was sullied by the issuance of 10 million new shares to undisclosed parties, the company has been dealt a new blow by the corporate watchdog. Last night Smiles Inclusive announced it had received a det...

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Westpac and Afterpay tie the knot, Zip taps Visa for everywhere payments

Westpac and Afterpay tie the knot, Zip taps Visa for everywhere payments

Australia's largest buy-now pay-later (BNPL) player Afterpay (ASX: APT) has coupled up with Westpac (ASX: WBC) today to create a new digital banking platform, in a move that sent the fintech's share price past the $100 mark today. Not one to be shown up by its competitor, Zip Co (ASX: Z1P) has also made a major announcement today, la...

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Lawcadia launches intelligent engine to automate legal tasks

Lawcadia launches intelligent engine to automate legal tasks

After notching 72 per cent revenue growth in FY20, legal Software as a Service (SaaS) group Lawcadia is striving for new heights with a product powered by machine learning. The Brisbane-based company is already Australia's leading provider of matter and spend management solutions for in-house legal teams and their law firms, but its...

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RM Williams acquired by Twiggy Forrest's family fund

RM Williams acquired by Twiggy Forrest's family fund

Bootmaker RM Williams is back under Australian ownership after six years under the control of L Catterton, a US-headquartered private equity firm connected to Louis Vuitton Moët Hennessy (LVMH). The Adelaide-based company has been purchased by Tattarang, an investment group owned by mining magnate Dr Andrew 'Twiggy' Fo...

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AUSTRAC investigates Crown Resorts over anti-money laundering compliance breaches

AUSTRAC investigates Crown Resorts over anti-money laundering compliance breaches

Australia's financial crime watchdog AUSTRAC has launched an investigation into potential non-compliance with anti-money laundering laws at Crown Melbourne. The announcement comes a year after independent MP Andrew Wilkie released whistleblower footage of alleged money laundering at the casino, which is owned by Crown Resorts (...

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Shares surge for Tyro Payments after striking key alliance with Bendigo Bank

Shares surge for Tyro Payments after striking key alliance with Bendigo Bank

Tyro Payments (ASX: TYR) has struck an exclusive agreement with Bendigo Bank (ASX: BEN) to manage merchant acquiring services for its business banking customers potentially for the next 15 years. The alliance represents a potential $19 million boost in gross profit for Tyro Payments in FY21 as it prepares to manage up Bendigo Bank's merc...

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Virgin CEO Paul Scurrah to resign once Bain takes control, Hrdlicka to step in

Virgin CEO Paul Scurrah to resign once Bain takes control, Hrdlicka to step in

Virgin Australia (ASX: VAH) CEO Paul Scurrah (pictured) will soon step away from the restructured airline after just over 18 months in the role, six of which have undoubtedly been the most turbulent in the company's history. Scurrah will step down from his roles as CEO and managing director following the handover to US investment co...

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Challenger telco Uniti hungry for hard assets as offer lifted for OptiComm

Challenger telco Uniti hungry for hard assets as offer lifted for OptiComm

Fast-growing telco Uniti Group (ASX: UWL) is so determined to get its hands on OptiComm (ASX: OPC) that it will take on more debt and dilute shares to beat Australia's third-largest superannuation fund to the punch. Earlier this week Aware Super - formerly known as First State Super - raised the stakes in the bidding war for fibre-to-the...

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