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Music promotion icons Chugg and Frontier team up for JV

Music promotion icons Chugg and Frontier team up for JV

Music industry legends who have promoted tours for the likes of Ed Sheeran, Pearl Jam and Florence + The Machine are teaming up to form a joint venture between Chugg Entertainment and Frontier Touring. Michael Gudinski and Michael Chugg founded the Frontier business together in 1979, but in 2000 Chugg formed his own eponymous co...

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Charter Hall to buy early learning centres for $75M

Charter Hall to buy early learning centres for $75M

Real estate investor Charter Hall Education Trust (ASX: CQE) will splash out $75.5 million to acquire 13 early learning centres, located primarily in inner-ring metropolitan suburbs. Two of the centres are already completed, five will be acquired on completion most likely between April and July, and the remaining six are yet to be built w...

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Noni B fires back at union's staff safety claims

Noni B fires back at union's staff safety claims

Noni B claims it is "deeply concerning and indeed disappointing" that the SDA would make "misleading statements" to the media. Women's fashion retailer Noni B (ASX: NBL) has implied recent complaints around staff safety are merely a smokescreen to "attempt to coerce" the company into changing an enterpris...

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Coles enters e-commerce big leagues with leading British online grocer Ocado

Coles enters e-commerce big leagues with leading British online grocer Ocado

Following the recently announced entry of German supermarket Kaufland, continued expansion from Aldi and Amazon's soft launch into food e-commerce, the Australian grocery retail space has never been more competitive.  In response Coles (ASX: COL) is pulling out all stops to hold its ground, with the announcement today it has ente...

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Airwallex becomes Australia's latest unicorn with estimated value above US$1B

Airwallex becomes Australia's latest unicorn with estimated value above US$1B

Melbourne-founded fintech group Airwallex has achieved 'unicorn status' following a successful US$100 million (AU$141.3 million) capital raise led by DST Global. The Series C round, led by a group that has previously backed the likes of Facebook, Airbnb and Spotify, gives Airwallex an estimated value of more than US$1 billion. ...

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Emerge Gaming ready to rumble and unfazed by Google Stadia threat

Emerge Gaming ready to rumble and unfazed by Google Stadia threat

Australia's self-proclaimed 'Netflix of Gaming' is on the cusp of rolling out a pilot of its GameCloud platform developed with Singapore's Cloudzen Pte Ltd, and appears unfazed by Google's foray into a very similar arena. Perth-based Emerge Gaming (ASX: EM1) announced today the GameCloud technology was successfully tes...

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Superloop completes $30M equity raise

Superloop completes $30M equity raise

Internet infrastructure and service provider Superloop (ASX: SLC) has today completed its equity raise of just over $30 million. Having already raised $22.47 million via an institutional entitlement offer over February and March, the company today announced the successful completion of its retail entitlement offer of $8.4 million. In ...

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Westpac earnings will take a hit to "get it right"

Westpac earnings will take a hit to "get it right"

Westpac has flagged a potential $290 million reduction in earnings as a result of ongoing remuneration programs for customers. The funds are part of Westpac's remuneration programs in the wake of the financial services Royal Commission findings and is expected to impact the group's 1H19 figures. CEO Brian Hartzer says looking ...

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Tech startup Doshii scores Deliveroo deal

Tech startup Doshii scores Deliveroo deal

Leading food company Deliveroo has announced a partnership with Melbourne-based Hospitality and Retail API Platform Doshii to streamline processing orders for restaurant partners, which will make the process of getting Australia's favourite restaurant foods delivered to customers' doors more seamless. Restaurants who partner with ...

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Facebook confirms millions of passwords compromised

Facebook confirms millions of passwords compromised

Facebook has confirmed thousands of their employees had been able to see hundreds of millions of user passwords for years after a security researcher posted about the issue online. The social media giant violated fundamental computer security practices by storing passwords in readable plain text, instead of scrambling the passwords. F...

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Villa World draws battle lines ahead of takeover bid

Villa World draws battle lines ahead of takeover bid

The battle for control of residential developer Villa World (ASX: VLW) has been ramped up with the company reportedly hiring Macquarie Capital as its defence adviser. The Gold Coast-based Villa World confirmed it has received a $280 million takeover bid from AVID Property Group and this has prompted its biggest investor, Singapore listed ...

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Tony Bellas steps down as Corporate Travel Management chairman

Tony Bellas steps down as Corporate Travel Management chairman

Corporate Travel Management (ASX: CTD) chairman Tony Bellas has announced his sudden retirement, with Ewen Crouch to take over effective from Monday. Bellas has been chairman of Corporate Travel Management for 10 years and has overseen the company's rapid growth from listing on the ASX in 2010 with a $70 million valuation to its curre...

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Smiggle pushes into new markets on profit rise for Premier Investments

Smiggle pushes into new markets on profit rise for Premier Investments

Solomon Lew's Premier Investments (ASX: PMV) will push its stationery brand Smiggle into 10 new countries in a strategy involving online and new stores which aims to target more than 700 million people. Smiggle will be pushing into South Korea, Indonesia, Thailand, the Philippines, the UAE and Canada directly with local operators and ...

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Navitas agrees to $2.1b takeover offer

Navitas agrees to $2.1b takeover offer

Education services provider Navitas (ASX: NVT) has agreed to a $2.1 billion takeover offer from a consortium led by private equity firm BGH Capital after months of wrangling between the two camps. BGH Capital, along with AustralianSuper and former Navitas CEO and founder Rod Jones, secured its long-awaited first deal after stalking its ta...

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Manikay puts MYOB takeover in jeopardy

Manikay puts MYOB takeover in jeopardy

Manikay Partners is edging closer to blocking the takeover of business management software provider MYOB (ASX: MYO) as it acquires more of the Australian company. Hedge fund Manikay now owns 14.93 per cent of MYOB, up from just 9.9 per cent two weeks ago. In order for the takeover of MYOB by Kohlberg Kravis Roberts & Co (KKR) to pass ...

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Compumedics scores major US health contract

Compumedics scores major US health contract

Neurological device developers Compumedics (ASX: CMP) have signed an agreement with a major US health organisation which will see its technology deployed in 48 hospitals. Compumedics has contracted with Adventist Health System to allow Compumedics to supply 48 hospitals with its suite of sleep, neurological monitoring and brain research s...

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The tug of war for Xenith IP Group heats up

The tug of war for Xenith IP Group heats up

The battle for control of Australia's intellectual property law firms continues as Xenith IP Group (ASX: XIP) is pulled in two opposing directions. Overnight IPH (ASX: IPH), Australia's largest supplier of IP services, released a letter addressed to IPH and Xenith shareholders detailing the various reasons why their proposal is be...

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LandMark White's data breach just the beginning for cyber criminals

LandMark White's data breach just the beginning for cyber criminals

Though the dust is yet to settle and the full effects of the data breach suffered by LandMark White are yet to be revealed, it's safe to say one tiny error has led to a world of pain for the listed property valuer. Whether it was the 10 days that LMW's data was sitting on the dark web free for anyone opportunistic enough to grab, ...

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Significant demand pushes WiseTech raise up $50 million, closes at $300 million

Significant demand pushes WiseTech raise up $50 million, closes at $300 million

Shareholders hungry for a slice of logistics software giant WiseTech (ASX: WTC) has pushed its capital raise up from $250 million to $300 million. Announced yesterday, the raise by one of the fastest risers in this year's Sydney's Top Companies List is intended to assist the company with its growth plans. At the close of the p...

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Blackmores heir takes over as CEO of the company

Blackmores heir takes over as CEO of the company

The son of the late founder of Blackmores (ASX:BKL) will take over the health company as interim CEO. Executive director Marcus Blackmore (pictured) will step in as interim CEO from 1 April. The appointment of Marcus comes following the shock resignation of Richard Henfry in late February after just 18 months in the role. Henfry s...

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AMP sells outer Sydney retail centre for $140M

AMP sells outer Sydney retail centre for $140M

A retail centre 35km west of the Sydney CBD that houses anchor tenants including Bunnings and The Good Guys has been sold for $140 million to property investment firm Ashe Morgan. AMP Capital Diversified Property Fund sold the Crossroads Homemaker Centre in a deal that was co-marketed by Stonebridge Property Group and CBRE. CBRE ...

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Abacus sells Liverpool Plaza for $46 million

Abacus sells Liverpool Plaza for $46 million

Abacus Property Group (ASX: ABP) has sold long-term asset Liverpool Plaza to an undisclosed local group for $46 million. The buyer ran an unsolicited campaign to acquire the property which was first purchased by Abacus in August 2004. Abacus says that although the company was not initially trying to actively sell Liverpool Plaza, it f...

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Atlassian to buy AgileCraft for US$166M

Atlassian to buy AgileCraft for US$166M

One of Australia's most renowned tech unicorns on the global stage is set to boost its workforce productivity software offering through the US$166 million ($234 million) purchase of Texas-based AgileCraft. Atlassian Corporation (NASDAQ:TEAM) is a major provider of team collaboration and productivity software, and its Sydney-based foun...

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WiseTech to raise $250M for global growth ambitions

WiseTech to raise $250M for global growth ambitions

One of the fastest risers in this year's Sydney's Top Companies List has announced an institutional placement worth more than its revenue in FY18, following on from an aggressive period of acquisitions around the globe. Founded and led by former music industry executive Richard White (pictured), WiseTech Global (ASX: WTC) has...

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Mark Wahlberg invests in Aussie fitness chain

Mark Wahlberg invests in Aussie fitness chain

Hollywood has come knocking for F45 founder and CEO Rob Deutsch with the news that silver screen hunk Mark Wahlberg has invested in the hit Australian fitness chain. According to the Sydney Morning Herald , Wahlberg's investment in F45 now values the company at $634 million. This high-profile investment is yet another jewel i...

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Cann Group secures $11M Mildura site for new cannabis greenhouse

Cann Group secures $11M Mildura site for new cannabis greenhouse

Leading cannabis producer and researcher Cann Group (ASX: CAN) has acquired a $10.75 million property in Mildura, Victoria to construct a greenhouse for the cultivation of cannabis. The company will grow, cultivate, and produce medicinal cannabis at the Mildura site to service both the Australian and international medicinal cannabis marke...

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Xenith rebuffs IPH takeover bid

Xenith rebuffs IPH takeover bid

The board of intellectual property company Xenith (ASX: XIP) is not impressed by a 9 per cent lift in IPH's (ASX: IPH) takeover offer, and will press on with another merger in the works.  In an announcement today the group concluded IPH had not presented a superior offer to the merger deal underway with QANTM Intel...

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Landmark White reveals data hack details

Landmark White reveals data hack details

Executives at property valuer Landmark White (ASX: LMW) can breathe a sigh of relief after a data breach risk assessment revealed most people affected were at "very low risk of harm". Revelations of the hacking incident led to a voluntary suspension of LMW shares on 19 February that remains in place, while a "significant nu...

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GO1 bags over $30 million in raise led by Microsoft

GO1 bags over $30 million in raise led by Microsoft

Tech startup success GO1 has raised more than $30 million in a series B funding round led by M12, Microsoft's venture fund. The $30+ million capital raise was primarily led by M12 alongside existing investors SEEK and Y Combinator, as well as new investors Larsen Ventures. As part of its investment M12 will get a seat on the board...

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Red Bubble off the hook in Hells Angels copyright case

Red Bubble off the hook in Hells Angels copyright case

A website that allows independent artists to sell print on demand (POD) designs online has avoided hefty damages after the Federal Court of Australia ruled in its favour in a copyright case brought by Hells Angels Motorcycle Corporation. The bikie gang was suing Melbourne-based Redbubble (ASX: RBL) for publishing Hells Angels tradema...

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