Articles

Oscar Wylee accused of misleading customers about donating glasses to charity

Oscar Wylee accused of misleading customers about donating glasses to charity

Youth-leaning eyewear company Oscar Wylee has been taken to the Federal Court by the Australian Competition and Consumer Commission (ACCC) for allegedly misleading customers. The allegations revolve around a campaign run by Oscar Wylee during which the eyewear company said it would donate a pair of glasses to someone in need every time a ...

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Westlawn Property Trust buys two QLD retail centres for $45m

Westlawn Property Trust buys two QLD retail centres for $45m

Westlawn Property Trust has lifted its portfolio value to $400 million after buying two South East Queensland retail centres in Ormeau and Logan. The flagship trust of Gold Coast-based Clarence Property has spent $45 million on the two centres, including Woolworths Ormeau Centre for $29 million and Logan Village Shopping Ce...

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How you can avoid problems manufacturing in China

How you can avoid problems manufacturing in China

If you haven't worked with a Chinese manufacturer before but are intending to start now, this article is for you. From the outset, I must inform you that you are in for a lot of positive gains, but you need to be ready for occasional production problems. One day you are panicking after a factory delays your products, the next you are ...

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Federal Government to crack down on tech giants

Federal Government to crack down on tech giants

A $27 million investment into the ACCC and a brand new code of conduct are part of the Federal Government's raft of reforms intended to crack down on unregulated American tech giants. The reforms come in response to the Australian Competition and Consumer Commission's (ACCC) Digital Platforms Inquiry, which slammed tech heavyweigh...

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$1.25 billion property spending spree for Charter Hall

$1.25 billion property spending spree for Charter Hall

Charter Hall (ASX: CHC) has proven to be one of the most acquisitive property funds on the ASX this year and is finishing 2019 with a bang. The company today announced $1.25 billion of acquisitions have been secured, of which two thirds involves a new partnership to partially own 225 convenience properties leased to BP. CHC is no...

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Asahi and Carlton & United Breweries merger raises red flags for watchdog

Asahi and Carlton & United Breweries merger raises red flags for watchdog

Asahi's proposed acquisition of Belgium-owned, Melbourne-based Carlton & United Breweries (CUB) is under the Australian Competition and Consumer Commission's (ACCC) microscope. The watchdog says it has preliminary concerns about the proposed merger, with the preliminary view that the acquisition would reduce competition in the...

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Aerial mapper Nearmap acquires US roof geometry tech for $5m

Aerial mapper Nearmap acquires US roof geometry tech for $5m

Australian aerial mapping company Nearmap (ASX: NEA) is upping the ante on its location intelligence offering with the purchase of technology and IP from US-based Pushpin for US$3.5 million (AUD$5 million). The move comes as the technology company seeks to cement its position following record portfolio growth in FY19 to reach $9...

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Medlab breaks new ground in the UK

Medlab breaks new ground in the UK

Listed medicinal cannabis player Medlab Clinical (ASX: MDC) has signed an exclusive distribution agreement with Cultech to break into the UK market. Cultech, a premium manufacturer in the nutritional supplement industry, will distribute two of Medlab's flaghship products in the country. One of those two products is Medlab's Na...

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170-year-old retailer Harris Scarfe falls into receivership

170-year-old retailer Harris Scarfe falls into receivership

Neither a longstanding legacy nor a nation-leading customer satisfaction rating amongst department stores were enough to save the chain from its fate.  An iconic South Australia-headquartered retailer with annual sales of $380 million has today been placed in receivership, joining a long list of bricks-and-mortar chains to bite the d...

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Shoes of Prey co-founder launches plant-based food brand Fable

Shoes of Prey co-founder launches plant-based food brand Fable

The rise of vegan alternatives, mock-meats and plant-based protein products has been well documented. It is a 'food trend' that has eclipsed mere trendiness and embedded itself in a way many never expected. Australians are turning to meatless alternatives in droves. Blame it on climate change anxieties, blame it on vegan activ...

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Cybersecurity warriors bag $70m from US investors

Cybersecurity warriors bag $70m from US investors

Major US investors have poured $70 million into Sydney-based cybersecurity company Secure Code Warrior as part of a Series B funding round. The raise was led by US juggernauts Goldman Sachs, ForgePoint Capital, and Cisco, with additional capital injected by existing investors Sydney-based AirTree Ventures and US-based Paladin Capital Grou...

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Gilmour Space Technologies signs deal with Australian Space Agency

Gilmour Space Technologies signs deal with Australian Space Agency

Within three months of the Federal Government announcing it would put $150 million towards NASA's "Moon to Mars" program, Gold Coast-based Gilmour Space Technology has reached a major deal with the Australian Space Agency. Gilmour, which has developed its own 'One Vision' suborbital rocket to deliver satell...

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Terragen finds ground on ASX with biological ag solutions

Terragen finds ground on ASX with biological ag solutions

From fortified foods to increased demand for organic products, consumers are increasingly concerned about gut health and the impacts of pesticides on the soil where crops are grown. The organic movement has even been positive for conventional farmers who have incorporated organic and biological techniques into their growing methods, ...

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Nitro Software blasts onto the ASX

Nitro Software blasts onto the ASX

Document management software developer Nitro has landed on the ASX today following a $110 million IPO. The company, which owns PDF productivity and eSignature tool Nitro Productivity Suite, will list under the ticker NTO. At the IPO listing price Nitro Software (ASX: NTO) has a market capitalisation of $324.9 million and an enterprise...

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MoneyMe launch virtual credit account ahead of listing

MoneyMe launch virtual credit account ahead of listing

Fintech MoneyMe will list on the ASX tomorrow, but that hasn't stopped the company from making one last announcement as a private company. The group has launched a product called Freestyle, a virtual credit account, which MoneyMe hopes will replace the need for a physical credit card. Freestyle allows users to use their smartphone...

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Centuria acquires two Arnott's factories

Centuria acquires two Arnott's factories

Property investor Centuria is betting big on Tim Tams and Shapes biscuits with the acquisition of two Arnott's factories in Queensland and South Australia for $236 million. Centuria Industrial REIT (ASX: CIP) will raise $154 million through a $3.41 per unit placement to partially fund the acquisitions, which will be leased b...

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Cann Global snags exclusive rights for Olivia Newton John's cannabis formulations

Cann Global snags exclusive rights for Olivia Newton John's cannabis formulations

Olivia Newton John's (pictured) very public struggle with breast cancer gathered a lot of attention from the global media, especially because of her unconventional approach to overcoming the illness. Newton John famously took a holistic approach to her stage 4 metastatic breast cancer, using cannabis in conjunction with her convention...

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Smiles Inclusive sells two QLD practices to 1300SMILES

Smiles Inclusive sells two QLD practices to 1300SMILES

Embattled dental company Smiles Inclusive's (ASX: SIL) cash position will receive a well needed boost after selling two practices in Queensland's Lockyer Valley region to 1300SMILES (ASX:ONT). The practices in Gatton and Laidley were sold by SIL subsidiary Totally Smiles for an undisclosed sum, and the group is also cons...

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The art of teamwork: five ways to take collaboration to the next level

The art of teamwork: five ways to take collaboration to the next level

A strong, united team in the workplace is important, and for good reason.  Companies that promote and encourage collaborative work are five times more likely to be high performing. Teamwork is essential to driving business forward; staff that work together in an engaged, honest and transparent are far more productive than those t...

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Centuria buys Canberra office property for $256m

Centuria buys Canberra office property for $256m

Centuria Capital Group (ASX: CNI) now spent more than $700 million on office property acquisitions in the space of three months following the purchase of Canberra's NewActon Nishi Building. Centuria Capital Group (ASX: CNI) has today announced a subsidiary has acquired the Canberra property for $265 million, with funding support ...

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Primewest sells historic Chambers building to UQ

Primewest sells historic Chambers building to UQ

The University of Queensland (UQ) is set to occupy a heritage Queen Street property for its Brisbane CBD campus after buying the "Chambers" building and an adjoining office building for $47.4 million. Built between 1881 and 1924, the iconic Chambers building on 308 Queen Street was originally the head office for the Queensl...

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Investors thirsty for ASX debutante Nuchev's goat milk infant formula

Investors thirsty for ASX debutante Nuchev's goat milk infant formula

Founded by Synlait co-founder Ben Dingle (pictured), Nuchev (ASX: NUC) currently sells its product into Australia, China and Hong Kong. Another infant formula player has launched on the ASX today, with Nuchev (ASX: NUC) joining the likes of A2 Milk (ASX: A2M), Bellamy's (ASX: BAL), Wattle Health (ASX: WHA) and Bubs Australia (ASX: BUB...

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Beacon Lighting powers down energy solutions business

Beacon Lighting powers down energy solutions business

Beacon Lighting (ASX: BLX) has announced the winding up of its energy solutions business and the sale of its Brisbane distribution centre, marking a major strategic shift for the company. The closure related to the company failing to maintain a sustainable energy solutions company, according to Melbourne-based Beacon whose primary busines...

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Global travel demands lead to A2 Milk boss resignation

Global travel demands lead to A2 Milk boss resignation

The CEO of the a2 Milk Company (ASX: A2M) has resigned as the company continues to grow and succeed overseas. Managing director and CEO Jayne Hrdlicka has agreed to step down from her role and will be replaced on an interim basis by former CEO Geoffrey Babidge. Over the last 18 months Hrdlicka has driven the company's internationa...

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Orders sought against Wilson and Bentley over Keybridge shares

Orders sought against Wilson and Bentley over Keybridge shares

It has now been almost a decade since corporate raider Nicholas Bolton put money into beleaguered investment vehicle Keybridge Capital (ASX: KBC), but the war of attrition to secure control is far from over. Between May 2007 and December 2008, the shock of write-downs and a breach of debt covenants sent Keybridge shares spiralli...

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iSignthis suspends outbound SWIFT transfers over money laundering concerns

iSignthis suspends outbound SWIFT transfers over money laundering concerns

Update: Since this article was originally published on 6 December, iSignthis has downgraded its FY19 (ending 31 December) guidance from $10.7 million to $6.5 million. Payment identity verifier iSignthis (ASX: ISX) has made the decision to temporarily suspend outbound international SWIFT transfers from Australia due to concerns around anti...

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City of Adelaide announces $400 million Central Market Arcade facelift

City of Adelaide announces $400 million Central Market Arcade facelift

The iconic Central Market Arcade is set to receive a $400 million redevelopment to improve one of Adelaide's most beloved retail precincts. The Central Markets are a veritable hub in the South Australian capital, attracting local foodies, tourists, and everyone in between to the centre of the city every week. The redevelopment of ...

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Scentre Group shells out $570m to bolster Westfield presence in Perth

Scentre Group shells out $570m to bolster Westfield presence in Perth

A significant change in Scentre Group's Perth portfolio means it will defer the expansion of Westfield Stirling. Garden City Booragoon in Perth will soon be rebranded as a Westfield shopping centre after Scentre Group (ASX: SCG) purchased a 50 per cent interest in the property for $570 million from the AMP Capital Diversified Pro...

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Nothing in vain for digital marketer Social Status

Nothing in vain for digital marketer Social Status

John Klein believes keeping different brands has been key to lifting the standing of his digital marketing company Social Status. Klein worked in market research for eight years, over that time gaining a deep understanding of consumer behaviour. However, being a people person, he knew better to step away from the spreadsheet and delve int...

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LandMark White rebrands as Acumentis

LandMark White rebrands as Acumentis

Following a disastrous 2019 during which LandMark White (ASX: LMW) was hit with not one but two data breaches, the property valuer has decided to rebrand. Say goodbye to LandMark White and welcome to the stage: Acumentis. The group says the new name has been derived from two Latin words; acumen (meaning a keen insight and sharpness in...

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